Home Loan Investment Bank Mortgage Lending & HMDA Data, 2010
In 2010, Home Loan Investment Bank of Warwick, RI reported 714 mortgage applications totaling $140.1 million, down 55% from 2009. The average application was for $196,162, and applicants reported an average income of $80,310. 14% of its applications resulted in an originated loan and 42% were denied. Its largest markets were Providence-New Bedford-Fall River, RI-MA (153), New York-White Plains-Wayne, NY-NJ (52) and Boston-Quincy, MA (41) (applications in parentheses).
| Mortgage Company & Address | Home Loan Investment Bank One Home Loan Plaza Warwick, RI 02886 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 | 714 |
| Total Mortgage Loan Application Amount | $140,060,000 |
| Average Mortgage Loan Application Amount | $196,162 |
| Highest Mortgage Loan Application Amount | $730,000 |
| Average Applicant Income | $80,310 |
| Highest Applicant Income | $1,900,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Home Loan Investment Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Providence-New Bedford-Fall River, RI-MA | 153 | $ 33,602,000 | $ 219,620 | $ 83,803 |
| New York-White Plains-Wayne, NY-NJ | 52 | $ 15,062,000 | $ 289,653 | $ 87,019 |
| Boston-Quincy, MA | 41 | $ 9,826,000 | $ 239,658 | $ 113,000 |
| Nassau-Suffolk, NY | 30 | $ 9,772,000 | $ 325,733 | $ 121,000 |
| Chicago-Joliet-Naperville, IL | 24 | $ 5,741,000 | $ 239,208 | $ 100,000 |
| Cambridge-Newton-Framingham, MA | 23 | $ 5,965,000 | $ 259,347 | $ 78,000 |
| Philadelphia, PA | 17 | $ 3,293,000 | $ 193,705 | $ 92,000 |
| Edison-New Brunswick, NJ | 15 | $ 3,166,000 | $ 211,066 | $ 102,000 |
| Worcester, MA | 12 | $ 2,262,000 | $ 188,500 | $ 86,000 |
| Camden, NJ | 11 | $ 1,644,000 | $ 149,454 | $ 55,000 |
| Newark-Union, NJ-PA | 11 | $ 2,092,000 | $ 190,181 | $ 86,363 |
| Springfield, MA | 10 | $ 1,173,000 | $ 117,300 | $ 50,000 |
| Baltimore-Towson, MD | 8 | $ 1,247,000 | $ 155,875 | $ 46,000 |
| Hartford-West Hartford-East Hartford, CT | 8 | $ 1,440,000 | $ 180,000 | $ 65,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 8 | $ 1,930,000 | $ 241,250 | $ 65,250 |
| Albany-Schenectady-Troy, NY | 7 | $ 1,166,000 | $ 166,571 | $ 88,000 |
| Atlanta-Sandy Springs-Marietta, GA | 7 | $ 1,247,000 | $ 178,142 | $ 61,000 |
| Buffalo-Niagara Falls, NY | 7 | $ 685,000 | $ 97,857 | $ 31,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 7 | $ 1,212,000 | $ 173,142 | $ 66,000 |
| Peabody, MA | 6 | $ 1,973,000 | $ 328,833 | $ 134,000 |
| Richmond, VA | 6 | $ 561,000 | $ 93,500 | $ 45,000 |
| Bridgeport-Stamford-Norwalk, CT | 5 | $ 1,162,000 | $ 232,400 | $ 104,000 |
| Cincinnati-Middletown, OH-KY-IN | 5 | $ 690,000 | $ 138,000 | $ 96,200 |
| Greensboro-High Point, NC | 5 | $ 677,000 | $ 135,400 | $ 46,000 |
| Pittsburgh, PA | 5 | $ 395,000 | $ 79,000 | $ 35,000 |
| Scranton--Wilkes-Barre, PA | 5 | $ 787,000 | $ 157,400 | $ 72,000 |
| Charleston-North Charleston-Summerville, SC | 4 | $ 717,000 | $ 179,250 | $ 150,000 |
| Glens Falls, NY | 4 | $ 323,000 | $ 80,750 | $ 45,000 |
| Lancaster, PA | 4 | $ 691,000 | $ 172,750 | $ 76,000 |
| Louisville-Jefferson County, KY-IN | 4 | $ 508,000 | $ 127,000 | $ 49,250 |
| Norwich-New London, CT | 4 | $ 709,000 | $ 177,250 | $ 41,000 |
| Rockingham County-Strafford County, NH | 4 | $ 798,000 | $ 199,500 | $ 84,000 |
| St. Louis, MO-IL | 4 | $ 362,000 | $ 90,500 | $ 39,500 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 4 | $ 481,000 | $ 120,250 | $ 59,000 |
| Atlantic City-Hammonton, NJ | 3 | $ 613,000 | $ 204,333 | $ 61,000 |
| Barnstable Town, MA | 3 | $ 712,000 | $ 237,333 | $ 84,000 |
| Bethesda-Rockville-Frederick, MD | 3 | $ 932,000 | $ 310,666 | $ 82,000 |
| Charleston, WV | 3 | $ 152,000 | $ 50,666 | $ 36,000 |
| Memphis, TN-MS-AR | 3 | $ 412,000 | $ 137,333 | $ 60,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 3 | $ 439,000 | $ 146,333 | $ 52,000 |
| New Haven-Milford, CT | 3 | $ 460,000 | $ 153,333 | $ 41,000 |
| Port St. Lucie, FL | 3 | $ 343,000 | $ 114,333 | $ 69,000 |
| Syracuse, NY | 3 | $ 554,000 | $ 184,666 | $ 71,000 |
| Utica-Rome, NY | 3 | $ 180,000 | $ 60,000 | $ 27,000 |
| Vineland-Millville-Bridgeton, NJ | 3 | $ 427,000 | $ 142,333 | $ 101,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 2 | $ 583,000 | $ 291,500 | $ 104,000 |
| Athens-Clarke County, GA | 2 | $ 159,000 | $ 79,500 | $ 44,000 |
| Augusta-Richmond County, GA-SC | 2 | $ 115,000 | $ 57,500 | $ 42,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 327,000 | $ 163,500 | $ 95,000 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 2 | $ 212,000 | $ 106,000 | $ 47,000 |
| Greenville-Mauldin-Easley, SC | 2 | $ 262,000 | $ 131,000 | $ 46,000 |
| Hagerstown-Martinsburg, MD-WV | 2 | $ 520,000 | $ 260,000 | $ 66,000 |
| Harrisonburg, VA | 2 | $ 346,000 | $ 173,000 | $ 67,000 |
| Jacksonville, FL | 2 | $ 129,000 | $ 64,500 | $ 37,000 |
| Lake County-Kenosha County, IL-WI | 2 | $ 529,000 | $ 264,500 | $ 89,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 2 | $ 547,000 | $ 273,500 | $ 137,000 |
| Raleigh-Cary, NC | 2 | $ 341,000 | $ 170,500 | $ 46,000 |
| Wilmington, DE-MD-NJ | 2 | $ 206,000 | $ 103,000 | $ 35,500 |
| Anderson, SC | 1 | $ 146,000 | $ 146,000 | $ 56,000 |
| Binghamton, NY | 1 | $ 55,000 | $ 55,000 | $ 16,000 |
| Blacksburg-Christiansburg-Radford, VA | 1 | $ 120,000 | $ 120,000 | $ 62,000 |
| Bloomington, IN | 1 | $ 50,000 | $ 50,000 | $ 36,000 |
| Canton-Massillon, OH | 1 | $ 85,000 | $ 85,000 | $ 73,000 |
| Champaign-Urbana, IL | 1 | $ 165,000 | $ 165,000 | $ 59,000 |
| Columbia, SC | 1 | $ 358,000 | $ 358,000 | $ 125,000 |
| Columbus, GA-AL | 1 | $ 90,000 | $ 90,000 | $ 44,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 152,000 | $ 152,000 | $ 50,000 |
| Detroit-Livonia-Dearborn, MI | 1 | $ 60,000 | $ 60,000 | $ 38,000 |
| Dover, DE | 1 | $ 110,000 | $ 110,000 | $ 51,000 |
| Duluth, MN-WI | 1 | $ 197,000 | $ 197,000 | $ 68,000 |
| Flint, MI | 1 | $ 55,000 | $ 55,000 | $ 12,000 |
| Gainesville, FL | 1 | $ 148,000 | $ 148,000 | $ 24,000 |
| Gary, IN | 1 | $ 45,000 | $ 45,000 | $ 14,000 |
| Goldsboro, NC | 1 | $ 164,000 | $ 164,000 | $ 78,000 |
| Greenville, NC | 1 | $ 110,000 | $ 110,000 | $ 103,000 |
| Hickory-Lenoir-Morganton, NC | 1 | $ 40,000 | $ 40,000 | $ 15,000 |
| Houma-Bayou Cane-Thibodaux, LA | 1 | $ 54,000 | $ 54,000 | $ 15,000 |
| Huntington-Ashland, WV-KY-OH | 1 | $ 123,000 | $ 123,000 | $ 37,000 |
| Indianapolis-Carmel, IN | 1 | $ 60,000 | $ 60,000 | $ 16,000 |
| Kankakee-Bradley, IL | 1 | $ 226,000 | $ 226,000 | $ 70,000 |
| Kansas City, MO-KS | 1 | $ 66,000 | $ 66,000 | $ 24,000 |
| Knoxville, TN | 1 | $ 188,000 | $ 188,000 | $ 112,000 |
| La Crosse, WI-MN | 1 | $ 145,000 | $ 145,000 | $ 80,000 |
| Lima, OH | 1 | $ 45,000 | $ 45,000 | $ 23,000 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 338,000 | $ 338,000 | $ 69,000 |
| Lynchburg, VA | 1 | $ 186,000 | $ 186,000 | $ 63,000 |
| Manchester-Nashua, NH | 1 | $ 340,000 | $ 340,000 | $ 108,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 306,000 | $ 306,000 | $ 75,000 |
| New Orleans-Metairie-Kenner, LA | 1 | $ 95,000 | $ 95,000 | $ 55,000 |
| Peoria, IL | 1 | $ 220,000 | $ 220,000 | $ 95,000 |
| Pittsfield, MA | 1 | $ 145,000 | $ 145,000 | $ 55,000 |
| Portland-South Portland-Biddeford, ME | 1 | $ 65,000 | $ 65,000 | $ 35,000 |
| Prescott, AZ | 1 | $ 65,000 | $ 65,000 | $ 25,000 |
| Reading, PA | 1 | $ 240,000 | $ 240,000 | $ 113,000 |
| Roanoke, VA | 1 | $ 116,000 | $ 116,000 | $ 38,000 |
| Rochester, NY | 1 | $ 182,000 | $ 182,000 | $ 66,000 |
| Rocky Mount, NC | 1 | $ 83,000 | $ 83,000 | $ 57,000 |
| Springfield, IL | 1 | $ 215,000 | $ 215,000 | $ 96,000 |
| State College, PA | 1 | $ 64,000 | $ 64,000 | $ 18,000 |
| Toledo, OH | 1 | $ 90,000 | $ 90,000 | $ 69,000 |
| Trenton-Ewing, NJ | 1 | $ 75,000 | $ 75,000 | $ 24,000 |
| Valdosta, GA | 1 | $ 60,000 | $ 60,000 | $ 31,000 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 40,000 | $ 40,000 | $ 22,000 |
| Williamsport, PA | 1 | $ 83,000 | $ 83,000 | $ 52,000 |
| Wilmington, NC | 1 | $ 186,000 | $ 186,000 | $ 58,000 |
| Winston-Salem, NC | 1 | $ 135,000 | $ 135,000 | $ 43,000 |
| York-Hanover, PA | 1 | $ 356,000 | $ 356,000 | $ 75,000 |
Mortgage Loan Application Detail Totals for Home Loan Investment Bank 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 |
|---|---|---|---|---|---|---|
| Refinancing | 659 | $125,634,000 | $190,000 | $688,000 | $78,000 | $1,900,000 |
| Home Purchase | 55 | $14,426,000 | $262,000 | $730,000 | $108,000 | $430,000 |
| 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 | 521 | $103,083,000 | $197,000 | $688,000 | $85,000 | $1,900,000 |
| Not Provided | 89 | $18,394,000 | $206,000 | $525,000 | $72,000 | $380,000 |
| Black or African American | 64 | $8,630,000 | $134,000 | $538,000 | $49,000 | $217,000 |
| Asian | 20 | $5,634,000 | $281,000 | $583,000 | $108,000 | $300,000 |
| Hispanic | 15 | $3,084,000 | $205,000 | $363,000 | $62,000 | $133,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $968,000 | $322,000 | $730,000 | $96,000 | $179,000 |
| American Indian or Alaskan Native | 2 | $267,000 | $133,000 | $177,000 | $34,000 | $40,000 |
| 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 582 | $112,099,000 | $192,000 | $730,000 | $82,000 | $1,900,000 |
| FHA-insured (Federal Housing Administration) | 132 | $27,961,000 | $211,000 | $583,000 | $72,000 | $400,000 |
| 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 | 299 | $48,867,000 | $163,000 | $730,000 | $58,000 | $528,000 |
| Application Approved But Not Accepted | 273 | $59,651,000 | $218,000 | $639,000 | $102,000 | $1,900,000 |
| Loan Originated | 98 | $20,334,000 | $207,000 | $583,000 | $81,000 | $430,000 |
| Application Withdrawn By Applicant | 33 | $7,965,000 | $241,000 | $475,000 | $102,000 | $227,000 |
| File Closed For Incompleteness | 11 | $3,243,000 | $294,000 | $532,000 | $61,000 | $143,000 |
| 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 | 212 | $29,064,000 | $137,000 | $538,000 | $57,000 | $528,000 |
| Debt-To-Income Ratio | 55 | $11,924,000 | $216,000 | $730,000 | $48,000 | $179,000 |
| Collateral | 29 | $7,090,000 | $244,000 | $688,000 | $83,000 | $260,000 |
| Credit Application Incomplete | 2 | $579,000 | $289,000 | $351,000 | $176,000 | $217,000 |
| Employment History | 1 | $210,000 | $210,000 | $210,000 | $92,000 | $92,000 |
| 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 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Home Loan Investment Bank'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 Home Loan Investment 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.
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