Greystone Bank Mortgage Lending & HMDA Data, 2009
In 2009, Greystone Bank of Raleigh, NC reported 217 mortgage applications totaling $143.5 million, down 48% from 2008. The average application was for $661,405, and applicants reported an average income of $40,308. 18% of its applications resulted in an originated loan and 51% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (144), Los Angeles-Long Beach-Glendale, CA (19) and Oakland-Fremont-Hayward, CA (13) (applications in parentheses).
| Mortgage Company & Address | Greystone Bank 4700 Falls of Neuse Road, Suite 190 Raleigh, NC 27609 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 |
| Total Number of Mortgage Applications | 217 |
| Total Mortgage Loan Application Amount | $143,525,000 |
| Average Mortgage Loan Application Amount | $661,405 |
| Highest Mortgage Loan Application Amount | $4,892,000 |
| Average Applicant Income | $40,308 |
| Highest Applicant Income | $1,190,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Greystone Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Kings, New York | 83 | $ 43,937,000 | $ 529,361 | $ 37,000 |
| Queens, New York | 31 | $ 20,490,000 | $ 660,967 | $ 87,000 |
| Los Angeles, California | 19 | $ 10,155,000 | $ 534,473 | $ 0 |
| Alameda, California | 12 | $ 8,265,000 | $ 688,750 | $ 14,000 |
| Bronx, New York | 10 | $ 5,610,000 | $ 561,000 | $ 73,000 |
| Hudson, New Jersey | 5 | $ 3,246,000 | $ 649,200 | $ 98,000 |
| New York, New York | 5 | $ 9,610,000 | $ 1,922,000 | $ 0 |
| Hartford, Connecticut | 4 | $ 1,606,000 | $ 401,500 | $ 34,000 |
| Westchester, New York | 4 | $ 4,440,000 | $ 1,110,000 | $ 0 |
| Essex, Massachusetts | 3 | $ 1,189,000 | $ 396,333 | $ 0 |
| Passaic, New Jersey | 3 | $ 1,027,000 | $ 342,333 | $ 30,000 |
| Philadelphia, Pennsylvania | 3 | $ 1,961,000 | $ 653,666 | $ 115,000 |
| San Diego, California | 2 | $ 1,130,000 | $ 565,000 | $ 0 |
| San Francisco, California | 2 | $ 1,439,000 | $ 719,500 | $ 0 |
| Santa Clara, California | 2 | $ 2,050,000 | $ 1,025,000 | $ 0 |
| Suffolk, Massachusetts | 2 | $ 985,000 | $ 492,500 | $ 0 |
| Worcester, Massachusetts | 2 | $ 998,000 | $ 499,000 | $ 0 |
| Monmouth, New Jersey | 2 | $ 385,000 | $ 192,500 | $ 189,000 |
| Richmond, New York | 2 | $ 1,990,000 | $ 995,000 | $ 0 |
| King, Washington | 2 | $ 4,365,000 | $ 2,182,500 | $ 0 |
| Contra Costa, California | 1 | $ 1,152,000 | $ 1,152,000 | $ 0 |
| Fresno, California | 1 | $ 269,000 | $ 269,000 | $ 0 |
| Orange, California | 1 | $ 475,000 | $ 475,000 | $ 0 |
| Riverside, California | 1 | $ 1,900,000 | $ 1,900,000 | $ 0 |
| Middlesex, Connecticut | 1 | $ 960,000 | $ 960,000 | $ 0 |
| New Haven, Connecticut | 1 | $ 375,000 | $ 375,000 | $ 0 |
| District of Columbia, District Of Columbia | 1 | $ 468,000 | $ 468,000 | $ 0 |
| Cook, Illinois | 1 | $ 1,189,000 | $ 1,189,000 | $ 0 |
| Anne Arundel, Maryland | 1 | $ 1,190,000 | $ 1,190,000 | $ 0 |
| Baltimore City, Maryland | 1 | $ 374,000 | $ 374,000 | $ 0 |
| Camden, New Jersey | 1 | $ 2,555,000 | $ 2,555,000 | $ 0 |
| Essex, New Jersey | 1 | $ 300,000 | $ 300,000 | $ 0 |
| Mercer, New Jersey | 1 | $ 266,000 | $ 266,000 | $ 118,000 |
| Middlesex, New Jersey | 1 | $ 266,000 | $ 266,000 | $ 588,000 |
| Rockland, New York | 1 | $ 378,000 | $ 378,000 | $ 0 |
| Mecklenburg, North Carolina | 1 | $ 765,000 | $ 765,000 | $ 0 |
| Multnomah, Oregon | 1 | $ 573,000 | $ 573,000 | $ 0 |
| Washington, Oregon | 1 | $ 300,000 | $ 300,000 | $ 0 |
| Dallas, Texas | 1 | $ 4,892,000 | $ 4,892,000 | $ 0 |
Mortgage Loan Application Detail Totals for Greystone Bank in 2009
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 |
|---|---|---|---|---|---|---|
| Refinancing | 121 | $88,369,000 | $730,000 | $4,892,000 | $35,000 | $1,190,000 |
| Home Purchase | 96 | $55,156,000 | $574,000 | $2,890,000 | $47,000 | $424,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 101 | $75,144,000 | $744,000 | $4,892,000 | $0 | $0 |
| White | 47 | $29,327,000 | $623,000 | $2,890,000 | $54,000 | $424,000 |
| Asian | 31 | $17,739,000 | $572,000 | $1,820,000 | $118,000 | $1,190,000 |
| Not Provided | 15 | $7,030,000 | $468,000 | $918,000 | $48,000 | $385,000 |
| Hispanic | 13 | $8,101,000 | $623,000 | $1,217,000 | $63,000 | $231,000 |
| Black or African American | 9 | $4,248,000 | $472,000 | $736,000 | $118,000 | $588,000 |
| American Indian or Alaskan Native | 1 | $1,936,000 | $1,936,000 | $1,936,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 216 | $138,633,000 | $641,000 | $3,500,000 | $40,000 | $1,190,000 |
| FHA-insured (Federal Housing Administration) | 1 | $4,892,000 | $4,892,000 | $4,892,000 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 111 | $80,571,000 | $725,000 | $4,892,000 | $49,000 | $588,000 |
| Application Approved But Not Accepted | 54 | $33,301,000 | $616,000 | $2,600,000 | $20,000 | $296,000 |
| Loan Originated | 39 | $19,197,000 | $492,000 | $1,820,000 | $21,000 | $178,000 |
| Application Withdrawn By Applicant | 13 | $10,456,000 | $804,000 | $1,900,000 | $108,000 | $1,190,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 Application Incomplete | 37 | $33,231,000 | $898,000 | $2,890,000 | $72,000 | $588,000 |
| Other | 29 | $21,466,000 | $740,000 | $4,892,000 | $55,000 | $378,000 |
| Collateral | 17 | $8,898,000 | $523,000 | $1,301,000 | $12,000 | $115,000 |
| Credit History | 13 | $5,120,000 | $393,000 | $650,000 | $26,000 | $135,000 |
| Unverifiable Information | 10 | $9,558,000 | $955,000 | $3,500,000 | $47,000 | $241,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $1,338,000 | $334,000 | $440,000 | $37,000 | $149,000 |
| Debt-To-Income Ratio | 1 | $960,000 | $960,000 | $960,000 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Greystone Bank's 2009 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 Greystone Bank'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 North Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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