First Financial Equities, Inc. Mortgage Lending & HMDA Data, 2004
In 2004, First Financial Equities, Inc. of Teaneck, NJ reported 3,467 mortgage applications totaling $866.2 million, down 44% from 2003. The average application was for $249,849, and applicants reported an average income of $133,079. 73% of its applications resulted in an originated loan and 8% were denied. Its largest markets were New York-Wayne-White Plains, NY-NJ (1,050), Edison, NJ (595) and Newark-Union, NJ-PA (201) (applications in parentheses).
| Mortgage Company & Address | First Financial Equities, Inc. 300 Frank Burr Blvd., 4th Fl East Teaneck, NJ 07666 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2005 2004 2003 |
| Total Number of Mortgage Applications | 3,467 |
| Total Mortgage Loan Application Amount | $866,229,000 |
| Average Mortgage Loan Application Amount | $249,849 |
| Highest Mortgage Loan Application Amount | $4,000,000 |
| Average Applicant Income | $133,079 |
| Highest Applicant Income | $1,849,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Financial Equities, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Bergen, New Jersey | 465 | $ 117,557,000 | $ 252,810 | $ 123,000 |
| Ocean, New Jersey | 448 | $ 86,150,000 | $ 192,299 | $ 122,000 |
| Kings, New York | 370 | $ 122,875,000 | $ 332,094 | $ 143,000 |
| Passaic, New Jersey | 200 | $ 40,744,000 | $ 203,720 | $ 99,000 |
| Rockland, New York | 173 | $ 44,593,000 | $ 257,763 | $ 135,000 |
| Queens, New York | 168 | $ 43,201,000 | $ 257,148 | $ 125,000 |
| Nassau, New York | 138 | $ 40,883,000 | $ 296,253 | $ 165,000 |
| Westchester, New York | 134 | $ 36,283,000 | $ 270,768 | $ 152,000 |
| Essex, New Jersey | 107 | $ 24,772,000 | $ 231,514 | $ 121,000 |
| Miami-Dade, Florida | 87 | $ 30,962,000 | $ 355,885 | $ 273,000 |
| Richmond, New York | 86 | $ 18,828,000 | $ 218,930 | $ 105,000 |
| Monmouth, New Jersey | 83 | $ 22,792,000 | $ 274,602 | $ 174,000 |
| Hudson, New Jersey | 68 | $ 13,329,000 | $ 196,014 | $ 107,000 |
| Mercer, New Jersey | 68 | $ 4,654,000 | $ 68,441 | $ 104,000 |
| New York, New York | 61 | $ 25,426,000 | $ 416,819 | $ 226,000 |
| Suffolk, New York | 58 | $ 19,776,000 | $ 340,965 | $ 151,000 |
| Union, New Jersey | 56 | $ 12,740,000 | $ 227,500 | $ 135,000 |
| Middlesex, New Jersey | 53 | $ 10,380,000 | $ 195,849 | $ 108,000 |
| New Haven, Connecticut | 51 | $ 5,403,000 | $ 105,941 | $ 136,000 |
| Bronx, New York | 51 | $ 13,134,000 | $ 257,529 | $ 114,000 |
| Fairfield, Connecticut | 49 | $ 32,537,000 | $ 664,020 | $ 276,000 |
| Orange, New York | 35 | $ 6,584,000 | $ 188,114 | $ 89,000 |
| St. Lucie, Florida | 32 | $ 4,100,000 | $ 128,125 | $ 67,000 |
| Camden, New Jersey | 27 | $ 2,366,000 | $ 87,629 | $ 131,000 |
| Broward, Florida | 25 | $ 5,041,000 | $ 201,640 | $ 121,000 |
| King, Washington | 23 | $ 4,889,000 | $ 212,565 | $ 79,000 |
| Morris, New Jersey | 20 | $ 5,200,000 | $ 260,000 | $ 122,000 |
| Palm Beach, Florida | 19 | $ 5,686,000 | $ 299,263 | $ 191,000 |
| Baltimore City, Maryland | 16 | $ 2,130,000 | $ 133,125 | $ 112,000 |
| Santa Clara, California | 14 | $ 4,235,000 | $ 302,500 | $ 163,000 |
| Baltimore, Maryland | 14 | $ 1,524,000 | $ 108,857 | $ 92,000 |
| Philadelphia, Pennsylvania | 13 | $ 826,000 | $ 63,538 | $ 90,000 |
| Montgomery, Maryland | 12 | $ 2,267,000 | $ 188,916 | $ 98,000 |
| Somerset, New Jersey | 11 | $ 4,309,000 | $ 391,727 | $ 263,000 |
| Sussex, New Jersey | 11 | $ 1,949,000 | $ 177,181 | $ 81,000 |
| Dutchess, New York | 11 | $ 2,337,000 | $ 212,454 | $ 104,000 |
| Denver, Colorado | 7 | $ 1,496,000 | $ 213,714 | $ 404,000 |
| Hunterdon, New Jersey | 7 | $ 1,570,000 | $ 224,285 | $ 80,000 |
| Warren, New Jersey | 7 | $ 1,101,000 | $ 157,285 | $ 135,000 |
| Putnam, New York | 7 | $ 1,941,000 | $ 277,285 | $ 122,000 |
| Sullivan, New York | 7 | $ 942,000 | $ 134,571 | $ 223,000 |
| Los Angeles, California | 6 | $ 4,110,000 | $ 685,000 | $ 268,000 |
| San Joaquin, California | 6 | $ 1,244,000 | $ 207,333 | $ 115,000 |
| Ulster, New York | 6 | $ 809,000 | $ 134,833 | $ 118,000 |
| Monroe, Pennsylvania | 6 | $ 697,000 | $ 116,166 | $ 76,000 |
| Sarasota, Florida | 5 | $ 1,022,000 | $ 204,400 | $ 91,000 |
| Burlington, New Jersey | 5 | $ 1,234,000 | $ 246,800 | $ 145,000 |
| Brevard, Florida | 4 | $ 368,000 | $ 92,000 | $ 59,000 |
| Orange, Florida | 4 | $ 384,000 | $ 96,000 | $ 45,000 |
| Middlesex, Massachusetts | 4 | $ 718,000 | $ 179,500 | $ 115,000 |
| Erie, New York | 4 | $ 594,000 | $ 148,500 | $ 69,000 |
| Dallas, Texas | 4 | $ 401,000 | $ 100,250 | $ 83,000 |
| Alameda, California | 3 | $ 603,000 | $ 201,000 | $ 80,000 |
| Riverside, California | 3 | $ 793,000 | $ 264,333 | $ 157,000 |
| Sacramento, California | 3 | $ 568,000 | $ 189,333 | $ 111,000 |
| Santa Cruz, California | 3 | $ 800,000 | $ 266,666 | $ 139,000 |
| Ventura, California | 3 | $ 1,043,000 | $ 347,666 | $ 143,000 |
| Martin, Florida | 3 | $ 650,000 | $ 216,666 | $ 137,000 |
| Berks, Pennsylvania | 3 | $ 379,000 | $ 126,333 | $ 70,000 |
| Lackawanna, Pennsylvania | 3 | $ 426,000 | $ 142,000 | $ 95,000 |
| Montgomery, Pennsylvania | 3 | $ 450,000 | $ 150,000 | $ 48,000 |
| Fairfax, Virginia | 3 | $ 647,000 | $ 215,666 | $ 88,000 |
| El Dorado, California | 2 | $ 585,000 | $ 292,500 | $ 175,000 |
| Humboldt, California | 2 | $ 180,000 | $ 90,000 | $ 42,000 |
| Napa, California | 2 | $ 564,000 | $ 282,000 | $ 165,000 |
| Placer, California | 2 | $ 235,000 | $ 117,500 | $ 101,000 |
| Arapahoe, Colorado | 2 | $ 827,000 | $ 413,500 | $ 192,000 |
| Charlotte, Florida | 2 | $ 357,000 | $ 178,500 | $ 43,000 |
| Hillsborough, Florida | 2 | $ 198,000 | $ 99,000 | $ 80,000 |
| Manatee, Florida | 2 | $ 468,000 | $ 234,000 | $ 125,000 |
| DuPage, Illinois | 2 | $ 462,000 | $ 231,000 | $ 116,000 |
| Atlantic, New Jersey | 2 | $ 277,000 | $ 138,500 | $ 114,000 |
| Gloucester, New Jersey | 2 | $ 452,000 | $ 226,000 | $ 79,000 |
| Salem, New Jersey | 2 | $ 1,066,000 | $ 533,000 | $ 318,000 |
| Greene, New York | 2 | $ 238,000 | $ 119,000 | $ 92,000 |
| Cuyahoga, Ohio | 2 | $ 138,000 | $ 69,000 | $ 67,000 |
| Coos, Oregon | 2 | $ 162,000 | $ 81,000 | $ 61,000 |
| Wayne, Pennsylvania | 2 | $ 207,000 | $ 103,500 | $ 80,000 |
| Providence, Rhode Island | 2 | $ 219,000 | $ 109,500 | $ 86,000 |
| Collin, Texas | 2 | $ 280,000 | $ 140,000 | $ 69,000 |
| Prince William, Virginia | 2 | $ 828,000 | $ 414,000 | $ 206,000 |
| Fresno, California | 1 | $ 60,000 | $ 60,000 | $ 120,000 |
| Kern, California | 1 | $ 160,000 | $ 160,000 | $ 90,000 |
| Orange, California | 1 | $ 377,000 | $ 377,000 | $ 123,000 |
| San Diego, California | 1 | $ 107,000 | $ 107,000 | $ 56,000 |
| Solano, California | 1 | $ 135,000 | $ 135,000 | $ 70,000 |
| Yuba, California | 1 | $ 169,000 | $ 169,000 | $ 90,000 |
| Chaffee, Colorado | 1 | $ 308,000 | $ 308,000 | $ 154,000 |
| Litchfield, Connecticut | 1 | $ 120,000 | $ 120,000 | $ 180,000 |
| Middlesex, Connecticut | 1 | $ 150,000 | $ 150,000 | $ 206,000 |
| Sussex, Delaware | 1 | $ 650,000 | $ 650,000 | $ 239,000 |
| District of Columbia, District Of Columbia | 1 | $ 750,000 | $ 750,000 | $ 160,000 |
| Bay, Florida | 1 | $ 265,000 | $ 265,000 | $ 55,000 |
| Duval, Florida | 1 | $ 145,000 | $ 145,000 | $ 36,000 |
| Highlands, Florida | 1 | $ 90,000 | $ 90,000 | $ 120,000 |
| Lee, Florida | 1 | $ 180,000 | $ 180,000 | $ 75,000 |
| Osceola, Florida | 1 | $ 118,000 | $ 118,000 | $ 108,000 |
| Polk, Florida | 1 | $ 80,000 | $ 80,000 | $ 40,000 |
| Cobb, Georgia | 1 | $ 255,000 | $ 255,000 | $ 168,000 |
| Richmond, Georgia | 1 | $ 77,000 | $ 77,000 | $ 65,000 |
| Penobscot, Maine | 1 | $ 105,000 | $ 105,000 | $ 73,000 |
| Anne Arundel, Maryland | 1 | $ 236,000 | $ 236,000 | $ 69,000 |
| Carroll, Maryland | 1 | $ 198,000 | $ 198,000 | $ 90,000 |
| Wicomico, Maryland | 1 | $ 214,000 | $ 214,000 | $ 84,000 |
| Barnstable, Massachusetts | 1 | $ 132,000 | $ 132,000 | $ 25,000 |
| Hampden, Massachusetts | 1 | $ 50,000 | $ 50,000 | $ 40,000 |
| Plymouth, Massachusetts | 1 | $ 263,000 | $ 263,000 | $ 48,000 |
| Suffolk, Massachusetts | 1 | $ 896,000 | $ 896,000 | $ 440,000 |
| Oakland, Michigan | 1 | $ 108,000 | $ 108,000 | $ 26,000 |
| Wayne, Michigan | 1 | $ 45,000 | $ 45,000 | $ 276,000 |
| Clark, Nevada | 1 | $ 236,000 | $ 236,000 | $ 85,000 |
| Cape May, New Jersey | 1 | $ 105,000 | $ 105,000 | $ 34,000 |
| Albany, New York | 1 | $ 274,000 | $ 274,000 | $ 88,000 |
| Columbia, New York | 1 | $ 270,000 | $ 270,000 | $ 140,000 |
| Delaware, New York | 1 | $ 94,000 | $ 94,000 | $ 300,000 |
| Herkimer, New York | 1 | $ 101,000 | $ 101,000 | $ 30,000 |
| Monroe, New York | 1 | $ 115,000 | $ 115,000 | $ 76,000 |
| Montgomery, New York | 1 | $ 344,000 | $ 344,000 | $ 60,000 |
| Onondaga, New York | 1 | $ 103,000 | $ 103,000 | $ 90,000 |
| Orleans, New York | 1 | $ 129,000 | $ 129,000 | $ 43,000 |
| Saratoga, New York | 1 | $ 105,000 | $ 105,000 | $ 29,000 |
| Schenectady, New York | 1 | $ 178,000 | $ 178,000 | $ 46,000 |
| St. Lawrence, New York | 1 | $ 96,000 | $ 96,000 | $ 52,000 |
| Lake, Ohio | 1 | $ 140,000 | $ 140,000 | $ 88,000 |
| Deschutes, Oregon | 1 | $ 340,000 | $ 340,000 | $ 130,000 |
| Bucks, Pennsylvania | 1 | $ 285,000 | $ 285,000 | $ 71,000 |
| Chester, Pennsylvania | 1 | $ 100,000 | $ 100,000 | $ 60,000 |
| Cumberland, Pennsylvania | 1 | $ 195,000 | $ 195,000 | $ 101,000 |
| Dauphin, Pennsylvania | 1 | $ 288,000 | $ 288,000 | $ 95,000 |
| Erie, Pennsylvania | 1 | $ 169,000 | $ 169,000 | $ 78,000 |
| Beaufort, South Carolina | 1 | $ 1,400,000 | $ 1,400,000 | $ 950,000 |
| Windsor, Vermont | 1 | $ 94,000 | $ 94,000 | $ 93,000 |
| Loudoun, Virginia | 1 | $ 1,250,000 | $ 1,250,000 | $ 300,000 |
| Northampton, Virginia | 1 | $ 180,000 | $ 180,000 | $ 144,000 |
Mortgage Loan Application Detail Totals for First Financial Equities, Inc. in 2004
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 1,909 | $461,844,000 | $236,000 | $4,000,000 | $153,619 | $1,849,000 |
| Refinancing | 1,558 | $404,385,000 | $337,882 | $2,500,000 | $169,117 | $1,740,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 2,363 | $609,207,000 | $295,250 | $4,000,000 | $154,625 | $1,849,000 |
| Not Provided | 581 | $138,029,000 | $276,533 | $1,442,000 | $164,666 | $961,000 |
| Hispanic | 250 | $54,963,000 | $257,111 | $896,000 | $145,111 | $961,000 |
| Black or African American | 153 | $35,817,000 | $181,285 | $1,680,000 | $104,428 | $840,000 |
| Asian | 94 | $23,132,000 | $169,750 | $2,000,000 | $102,875 | $704,000 |
| American Indian or Alaskan Native | 18 | $3,270,000 | $180,500 | $400,000 | $90,000 | $133,000 |
| Not applicable | 7 | $1,621,000 | $225,000 | $315,000 | $95,500 | $144,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $190,000 | $190,000 | $190,000 | $108,000 | $108,000 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 3,439 | $858,766,000 | $292,666 | $4,000,000 | $164,833 | $1,849,000 |
| FHA-insured (Federal Housing Administration) | 27 | $6,463,000 | $234,000 | $342,000 | $77,333 | $300,000 |
| VA-guaranteed (Veterans Administration) | 1 | $1,000,000 | $1,000,000 | $1,000,000 | $194,000 | $194,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 2,518 | $595,917,000 | $266,272 | $1,920,000 | $162,090 | $1,849,000 |
| Application Withdrawn By Applicant | 632 | $181,590,000 | $295,500 | $2,639,000 | $136,166 | $1,740,000 |
| Application Denied By Financial Institution | 265 | $73,352,000 | $345,181 | $4,000,000 | $145,363 | $840,000 |
| Application Approved But Not Accepted | 38 | $10,593,000 | $232,600 | $2,000,000 | $158,600 | $961,000 |
| File Closed For Incompleteness | 14 | $4,777,000 | $238,800 | $2,000,000 | $106,200 | $704,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Credit History | 2 | $609,000 | $304,000 | $490,000 | $101,000 | $155,000 |
| Collateral | 1 | $75,000 | $75,000 | $75,000 | $240,000 | $240,000 |
| Unverifiable Information | 1 | $186,000 | $186,000 | $186,000 | $82,000 | $82,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Financial Equities, Inc.'s 2004 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess First Financial Equities, Inc.'s mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in New Jersey, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About