First Residential Mortgage Mortgage Lending & HMDA Data, 2010
In 2010, First Residential Mortgage of Englewood Cliffs, NJ reported 1,485 mortgage applications totaling $443.1 million, down 13% from 2009. The average application was for $298,350, and applicants reported an average income of $76,169. 54% of its applications resulted in an originated loan and 16% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (966), Newark-Union, NJ-PA (131) and Orlando-Kissimmee-Sanford, FL (72) (applications in parentheses).
| Mortgage Company & Address | First Residential Mortgage 570 Sylvan Avenue Englewood Cliffs, NJ 07632 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,485 |
| Total Mortgage Loan Application Amount | $443,050,000 |
| Average Mortgage Loan Application Amount | $298,350 |
| Highest Mortgage Loan Application Amount | $1,104,000 |
| Average Applicant Income | $76,169 |
| Highest Applicant Income | $580,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Residential Mortgage filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Queens, New York | 237 | $ 91,734,000 | $ 387,063 | $ 77,000 |
| Hudson, New Jersey | 208 | $ 54,987,000 | $ 264,360 | $ 73,000 |
| Kings, New York | 167 | $ 73,645,000 | $ 440,988 | $ 92,000 |
| Bronx, New York | 113 | $ 46,743,000 | $ 413,654 | $ 81,000 |
| Passaic, New Jersey | 100 | $ 23,783,000 | $ 237,830 | $ 67,000 |
| Bergen, New Jersey | 85 | $ 27,834,000 | $ 327,458 | $ 92,000 |
| Broward, Florida | 58 | $ 7,491,000 | $ 129,155 | $ 48,000 |
| Essex, New Jersey | 55 | $ 13,286,000 | $ 241,563 | $ 80,000 |
| Orange, Florida | 43 | $ 5,970,000 | $ 138,837 | $ 55,000 |
| Union, New Jersey | 37 | $ 7,532,000 | $ 203,567 | $ 61,000 |
| Miami-Dade, Florida | 28 | $ 3,986,000 | $ 142,357 | $ 58,000 |
| Osceola, Florida | 28 | $ 3,194,000 | $ 114,071 | $ 39,000 |
| Richmond, New York | 28 | $ 9,443,000 | $ 337,250 | $ 85,000 |
| Middlesex, New Jersey | 27 | $ 6,946,000 | $ 257,259 | $ 76,000 |
| Morris, New Jersey | 24 | $ 6,010,000 | $ 250,416 | $ 79,000 |
| Nassau, New York | 23 | $ 7,644,000 | $ 332,347 | $ 104,000 |
| Suffolk, New York | 23 | $ 6,834,000 | $ 297,130 | $ 102,000 |
| Westchester, New York | 21 | $ 7,535,000 | $ 358,809 | $ 95,000 |
| Gloucester, New Jersey | 11 | $ 1,753,000 | $ 159,363 | $ 76,000 |
| Sussex, New Jersey | 10 | $ 1,795,000 | $ 179,500 | $ 67,000 |
| Camden, New Jersey | 9 | $ 1,240,000 | $ 137,777 | $ 45,000 |
| Prince George's, Maryland | 8 | $ 1,885,000 | $ 235,625 | $ 40,000 |
| Ocean, New Jersey | 8 | $ 2,577,000 | $ 322,125 | $ 105,000 |
| Somerset, New Jersey | 7 | $ 2,024,000 | $ 289,142 | $ 68,000 |
| Delaware, Pennsylvania | 7 | $ 1,270,000 | $ 181,428 | $ 63,000 |
| Fairfield, Connecticut | 6 | $ 1,839,000 | $ 306,500 | $ 80,000 |
| Polk, Florida | 6 | $ 481,000 | $ 80,166 | $ 38,000 |
| Monmouth, New Jersey | 6 | $ 1,922,000 | $ 320,333 | $ 84,000 |
| Philadelphia, Pennsylvania | 6 | $ 860,000 | $ 143,333 | $ 71,000 |
| Bucks, Pennsylvania | 5 | $ 1,018,000 | $ 203,600 | $ 71,000 |
| Montgomery, Maryland | 4 | $ 1,395,000 | $ 348,750 | $ 94,000 |
| Atlantic, New Jersey | 4 | $ 760,000 | $ 190,000 | $ 66,000 |
| Burlington, New Jersey | 4 | $ 1,058,000 | $ 264,500 | $ 115,000 |
| Rockland, New York | 4 | $ 1,867,000 | $ 466,750 | $ 144,000 |
| Fairfax, Virginia | 4 | $ 1,112,000 | $ 278,000 | $ 94,000 |
| St. Lucie, Florida | 3 | $ 302,000 | $ 100,666 | $ 36,000 |
| Baltimore City, Maryland | 3 | $ 351,000 | $ 117,000 | $ 53,000 |
| Mercer, New Jersey | 3 | $ 597,000 | $ 199,000 | $ 60,000 |
| New York, New York | 3 | $ 1,934,000 | $ 644,666 | $ 119,000 |
| Orange, New York | 3 | $ 724,000 | $ 241,333 | $ 76,000 |
| Pike, Pennsylvania | 3 | $ 536,000 | $ 178,666 | $ 86,000 |
| Hillsborough, Florida | 2 | $ 311,000 | $ 155,500 | $ 34,000 |
| Palm Beach, Florida | 2 | $ 267,000 | $ 133,500 | $ 61,000 |
| Pasco, Florida | 2 | $ 269,000 | $ 134,500 | $ 62,000 |
| Volusia, Florida | 2 | $ 264,000 | $ 132,000 | $ 56,000 |
| Anne Arundel, Maryland | 2 | $ 332,000 | $ 166,000 | $ 44,000 |
| Harford, Maryland | 2 | $ 625,000 | $ 312,500 | $ 91,000 |
| Howard, Maryland | 2 | $ 490,000 | $ 245,000 | $ 50,000 |
| Hunterdon, New Jersey | 2 | $ 754,000 | $ 377,000 | $ 156,000 |
| Salem, New Jersey | 2 | $ 427,000 | $ 213,500 | $ 110,000 |
| Dutchess, New York | 2 | $ 429,000 | $ 214,500 | $ 36,000 |
| Bradford, Pennsylvania | 2 | $ 197,000 | $ 98,500 | $ 33,000 |
| Monroe, Pennsylvania | 2 | $ 380,000 | $ 190,000 | $ 69,000 |
| Montgomery, Pennsylvania | 2 | $ 288,000 | $ 144,000 | $ 58,000 |
| Prince William, Virginia | 2 | $ 403,000 | $ 201,500 | $ 33,000 |
| New Haven, Connecticut | 1 | $ 59,000 | $ 59,000 | $ 35,000 |
| Pinellas, Florida | 1 | $ 90,000 | $ 90,000 | $ 59,000 |
| Sarasota, Florida | 1 | $ 113,000 | $ 113,000 | $ 31,000 |
| Seminole, Florida | 1 | $ 103,000 | $ 103,000 | $ 42,000 |
| Baltimore, Maryland | 1 | $ 212,000 | $ 212,000 | $ 0 |
| Cape May, New Jersey | 1 | $ 98,000 | $ 98,000 | $ 41,000 |
| Cumberland, New Jersey | 1 | $ 158,000 | $ 158,000 | $ 49,000 |
| Greene, New York | 1 | $ 195,000 | $ 195,000 | $ 353,000 |
| Sullivan, New York | 1 | $ 198,000 | $ 198,000 | $ 171,000 |
| Allegheny, Pennsylvania | 1 | $ 121,000 | $ 121,000 | $ 17,000 |
| Bedford, Pennsylvania | 1 | $ 127,000 | $ 127,000 | $ 88,000 |
| Berks, Pennsylvania | 1 | $ 226,000 | $ 226,000 | $ 52,000 |
| Butler, Pennsylvania | 1 | $ 326,000 | $ 326,000 | $ 136,000 |
| Chester, Pennsylvania | 1 | $ 198,000 | $ 198,000 | $ 51,000 |
| Franklin, Pennsylvania | 1 | $ 212,000 | $ 212,000 | $ 45,000 |
| Juniata, Pennsylvania | 1 | $ 105,000 | $ 105,000 | $ 36,000 |
| Luzerne, Pennsylvania | 1 | $ 108,000 | $ 108,000 | $ 46,000 |
| Northampton, Pennsylvania | 1 | $ 102,000 | $ 102,000 | $ 0 |
| Tioga, Pennsylvania | 1 | $ 76,000 | $ 76,000 | $ 26,000 |
| Washington, Pennsylvania | 1 | $ 260,000 | $ 260,000 | $ 80,000 |
| Harris, Texas | 1 | $ 130,000 | $ 130,000 | $ 43,000 |
| McLennan, Texas | 1 | $ 121,000 | $ 121,000 | $ 94,000 |
| Tarrant, Texas | 1 | $ 72,000 | $ 72,000 | $ 39,000 |
| Fredericksburg, Virginia | 1 | $ 100,000 | $ 100,000 | $ 22,000 |
| Newport News, Virginia | 1 | $ 207,000 | $ 207,000 | $ 0 |
Mortgage Loan Application Detail Totals for First Residential Mortgage in 2010
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 | 1,208 | $364,234,000 | $301,000 | $1,104,000 | $76,000 | $580,000 |
| Refinancing | 276 | $78,589,000 | $284,000 | $711,000 | $77,000 | $450,000 |
| Home Improvement | 1 | $227,000 | $227,000 | $227,000 | $51,000 | $51,000 |
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 |
|---|---|---|---|---|---|---|
| Hispanic | 628 | $161,809,000 | $257,000 | $696,000 | $67,000 | $353,000 |
| Black or African American | 376 | $132,387,000 | $352,000 | $1,104,000 | $75,000 | $317,000 |
| White | 302 | $91,808,000 | $304,000 | $984,000 | $89,000 | $450,000 |
| Asian | 128 | $41,233,000 | $322,000 | $840,000 | $87,000 | $580,000 |
| Not Provided | 32 | $8,884,000 | $277,000 | $539,000 | $71,000 | $169,000 |
| American Indian or Alaskan Native | 11 | $3,933,000 | $357,000 | $588,000 | $103,000 | $309,000 |
| Native Hawaiian or Other Pacific Islander | 8 | $2,996,000 | $374,000 | $562,000 | $77,000 | $114,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 1,244 | $384,503,000 | $309,000 | $1,104,000 | $72,000 | $296,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 228 | $54,857,000 | $240,000 | $840,000 | $98,000 | $580,000 |
| VA-guaranteed (Veterans Administration) | 13 | $3,690,000 | $283,000 | $417,000 | $45,000 | $104,000 |
| 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 | 796 | $239,818,000 | $301,000 | $773,000 | $77,000 | $580,000 |
| Application Withdrawn By Applicant | 373 | $109,890,000 | $294,000 | $984,000 | $76,000 | $317,000 |
| Application Denied By Financial Institution | 234 | $68,547,000 | $292,000 | $696,000 | $72,000 | $353,000 |
| Application Approved But Not Accepted | 42 | $12,501,000 | $297,000 | $743,000 | $77,000 | $285,000 |
| File Closed For Incompleteness | 40 | $12,294,000 | $307,000 | $1,104,000 | $73,000 | $181,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 70 | $18,411,000 | $263,000 | $696,000 | $55,000 | $131,000 |
| Collateral | 38 | $10,477,000 | $275,000 | $542,000 | $87,000 | $353,000 |
| Other | 37 | $11,472,000 | $310,000 | $588,000 | $83,000 | $296,000 |
| Credit History | 32 | $10,023,000 | $313,000 | $684,000 | $77,000 | $224,000 |
| Credit Application Incomplete | 23 | $8,175,000 | $355,000 | $530,000 | $72,000 | $169,000 |
| Unverifiable Information | 14 | $4,359,000 | $311,000 | $593,000 | $80,000 | $175,000 |
| Employment History | 13 | $3,348,000 | $257,000 | $633,000 | $59,000 | $124,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $1,488,000 | $297,000 | $422,000 | $81,000 | $143,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Residential Mortgage's 2010 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 Residential Mortgage'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