Home Loan Investment Bank Mortgage Lending & HMDA Data, 2003

In 2003, Home Loan Investment Bank of Warwick, RI reported 25,055 mortgage applications totaling $2.3 billion. The average application was for $91,371, and applicants reported an average income of $60,542. 9% of its applications resulted in an originated loan and 39% were denied. Its largest markets were New York, NY (2,019), Houston, TX (1,078) and Nassau-Suffolk, NY (1,037) (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 25,055
Total Mortgage Loan Application Amount $2,289,317,000
Average Mortgage Loan Application Amount $91,371
Highest Mortgage Loan Application Amount $1,300,000
Average Applicant Income $60,542
Highest Applicant Income $9,999,000

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records Home Loan Investment Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for Home Loan Investment Bank by Metropolitan Area in 2003

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
New York, NY 2,019 $ 301,625,000 $ 149,393 $ 77,000
Houston, TX 1,078 $ 59,056,000 $ 54,782 $ 85,000
Nassau-Suffolk, NY 1,037 $ 134,264,000 $ 129,473 $ 96,000
Providence-Fall River-Warwick, RI-MA 936 $ 91,697,000 $ 97,966 $ 57,000
Philadelphia, PA-NJ 864 $ 54,072,000 $ 62,583 $ 57,000
Boston, MA-NH 862 $ 113,159,000 $ 131,274 $ 81,000
Newark, NJ 782 $ 88,861,000 $ 113,632 $ 71,000
Detroit, MI 736 $ 52,809,000 $ 71,751 $ 55,000
Dallas, TX 659 $ 43,675,000 $ 66,274 $ 71,000
Hartford, CT 594 $ 54,313,000 $ 91,436 $ 59,000
Fort Worth-Arlington, TX 579 $ 36,741,000 $ 63,455 $ 56,000
Monmouth-Ocean, NJ 524 $ 53,759,000 $ 102,593 $ 75,000
Norfolk-Virginia Beach-Newport News, VA-NC 514 $ 37,930,000 $ 73,793 $ 51,000
Albany-Schenectady-Troy, NY 414 $ 27,941,000 $ 67,490 $ 52,000
Middlesex-Somerset-Hunterdon, NJ 386 $ 45,884,000 $ 118,870 $ 84,000
Richmond-Petersburg, VA 367 $ 26,579,000 $ 72,422 $ 46,000
Bergen-Passaic, NJ 328 $ 41,390,000 $ 126,189 $ 79,000
Bridgeport, CT 328 $ 36,048,000 $ 109,902 $ 56,000
Chicago, IL 305 $ 25,957,000 $ 85,104 $ 59,000
New Haven-Meriden, CT 296 $ 28,388,000 $ 95,905 $ 61,000
Scranton--Wilkes-Barre--Hazleton, PA 288 $ 19,123,000 $ 66,399 $ 43,000
Newburgh, NY-PA 249 $ 27,107,000 $ 108,863 $ 162,000
Worcester, MA-CT 247 $ 27,505,000 $ 111,356 $ 61,000
Waterbury, CT 215 $ 19,801,000 $ 92,097 $ 52,000
Springfield, MA 210 $ 16,108,000 $ 76,704 $ 45,000
Allentown-Bethlehem-Easton, PA 205 $ 15,359,000 $ 74,921 $ 62,000
Reading, PA 200 $ 13,640,000 $ 68,200 $ 42,000
Atlantic-Cape May, NJ 198 $ 14,688,000 $ 74,181 $ 47,000
Brockton, MA 192 $ 23,732,000 $ 123,604 $ 75,000
Pittsburgh, PA 174 $ 10,918,000 $ 62,747 $ 45,000
Trenton, NJ 174 $ 13,636,000 $ 78,367 $ 60,000
Austin-San Marcos, TX 172 $ 12,767,000 $ 74,226 $ 58,000
Grand Rapids-Muskegon-Holland, MI 165 $ 12,576,000 $ 76,218 $ 42,000
New London-Norwich, CT-RI 151 $ 16,571,000 $ 109,741 $ 57,000
El Paso, TX 142 $ 8,566,000 $ 60,323 $ 52,000
Jersey City, NJ 129 $ 14,230,000 $ 110,310 $ 62,000
Portland, ME 128 $ 11,796,000 $ 92,156 $ 48,000
Baltimore, MD 126 $ 9,779,000 $ 77,611 $ 47,000
Flint, MI 117 $ 6,809,000 $ 58,196 $ 49,000
Dutchess County, NY 116 $ 13,358,000 $ 115,155 $ 80,000
Saginaw-Bay City-Midland, MI 112 $ 6,150,000 $ 54,910 $ 49,000
Minneapolis-St. Paul, MN-WI 106 $ 12,664,000 $ 119,471 $ 62,000
Kalamazoo-Battle Creek, MI 103 $ 7,463,000 $ 72,456 $ 38,000
Glens Falls, NY 97 $ 6,887,000 $ 71,000 $ 58,000
Lowell, MA-NH 97 $ 11,734,000 $ 120,969 $ 64,000
Manchester, NH 94 $ 10,035,000 $ 106,755 $ 61,000
Stamford-Norwalk, CT 94 $ 15,200,000 $ 161,702 $ 80,000
Roanoke, VA 93 $ 6,501,000 $ 69,903 $ 42,000
Lynchburg, VA 85 $ 6,374,000 $ 74,988 $ 82,000
Nashua, NH 80 $ 7,716,000 $ 96,450 $ 57,000
Lawrence, MA-NH 77 $ 9,989,000 $ 129,727 $ 81,000
New Bedford, MA 73 $ 6,973,000 $ 95,520 $ 52,000
Fitchburg-Leominster, MA 71 $ 7,414,000 $ 104,422 $ 67,000
Phoenix-Mesa, AZ 71 $ 5,429,000 $ 76,464 $ 47,000
Vineland-Millville-Bridgeton, NJ 70 $ 5,035,000 $ 71,928 $ 50,000
Barnstable-Yarmouth, MA 67 $ 8,552,000 $ 127,641 $ 73,000
Wilmington-Newark, DE-MD 67 $ 5,350,000 $ 79,850 $ 62,000
Portsmouth-Rochester, NH-ME 64 $ 6,378,000 $ 99,656 $ 89,000
Ann Arbor, MI 63 $ 5,209,000 $ 82,682 $ 52,000
Danbury, CT 63 $ 8,074,000 $ 128,158 $ 69,000
Lewiston-Auburn, ME 57 $ 3,909,000 $ 68,578 $ 50,000
Benton Harbor, MI 52 $ 3,004,000 $ 57,769 $ 45,000
Odessa-Midland, TX 52 $ 1,943,000 $ 37,365 $ 44,000
Lansing-East Lansing, MI 51 $ 3,650,000 $ 71,568 $ 53,000
Erie, PA 50 $ 2,921,000 $ 58,420 $ 30,000
Jackson, MI 50 $ 4,054,000 $ 81,080 $ 39,000
Youngstown-Warren, OH 50 $ 3,210,000 $ 64,200 $ 46,000
Bangor, ME 47 $ 2,832,000 $ 60,255 $ 44,000
Danville, VA 45 $ 2,647,000 $ 58,822 $ 39,000
Toledo, OH 45 $ 4,163,000 $ 92,511 $ 44,000
Rockford, IL 42 $ 2,806,000 $ 66,809 $ 48,000
Galveston-Texas City, TX 41 $ 2,110,000 $ 51,463 $ 58,000
Amarillo, TX 40 $ 2,009,000 $ 50,225 $ 42,000
Peoria-Pekin, IL 40 $ 2,599,000 $ 64,975 $ 43,000
Charlottesville, VA 37 $ 2,850,000 $ 77,027 $ 43,000
Lubbock, TX 36 $ 1,433,000 $ 39,805 $ 64,000
Decatur, IL 34 $ 1,592,000 $ 46,823 $ 61,000
Sherman-Denison, TX 33 $ 1,189,000 $ 36,030 $ 50,000
Harrisburg-Lebanon-Carlisle, PA 29 $ 1,840,000 $ 63,448 $ 48,000
Springfield, IL 27 $ 1,590,000 $ 58,888 $ 46,000
York, PA 27 $ 1,887,000 $ 69,888 $ 62,000
Buffalo-Niagara Falls, NY 25 $ 1,299,000 $ 51,960 $ 52,000
Pittsfield, MA 25 $ 1,942,000 $ 77,680 $ 42,000
Lancaster, PA 23 $ 1,976,000 $ 85,913 $ 55,000
Tucson, AZ 23 $ 1,825,000 $ 79,347 $ 44,000
Utica-Rome, NY 23 $ 1,475,000 $ 64,130 $ 45,000
Atlanta, GA 22 $ 2,215,000 $ 100,681 $ 63,000
Dover, DE 22 $ 1,520,000 $ 69,090 $ 169,000
Reno, NV 22 $ 1,932,000 $ 87,818 $ 47,000
Denver, CO 21 $ 2,288,000 $ 108,952 $ 67,000
Brazoria, TX 20 $ 1,142,000 $ 57,100 $ 58,000
Sharon, PA 20 $ 1,145,000 $ 57,250 $ 29,000
Johnstown, PA 19 $ 1,053,000 $ 55,421 $ 49,000
Rochester, NY 17 $ 802,000 $ 47,176 $ 45,000
Syracuse, NY 17 $ 1,485,000 $ 87,352 $ 56,000
Altoona, PA 16 $ 795,000 $ 49,687 $ 35,000
Portland-Vancouver, OR-WA 13 $ 1,529,000 $ 117,615 $ 175,000
Bloomington-Normal, IL 12 $ 824,000 $ 68,666 $ 48,000
Las Vegas, NV-AZ 9 $ 707,000 $ 78,555 $ 55,000
San Antonio, TX 9 $ 379,000 $ 42,111 $ 27,000
Gary, IN 7 $ 423,000 $ 60,428 $ 60,000
Williamsport, PA 7 $ 586,000 $ 83,714 $ 53,000
Fresno, CA 6 $ 445,000 $ 74,166 $ 47,000
Champaign-Urbana, IL 5 $ 264,000 $ 52,800 $ 39,000
Hagerstown, MD 5 $ 299,000 $ 59,800 $ 54,000
Kankakee, IL 5 $ 326,000 $ 65,200 $ 50,000
Orlando, FL 5 $ 542,000 $ 108,400 $ 64,000
Seattle-Bellevue-Everett, WA 5 $ 448,000 $ 89,600 $ 45,000
Elmira, NY 4 $ 265,000 $ 66,250 $ 59,000
Indianapolis, IN 4 $ 332,000 $ 83,000 $ 44,000
Tampa-St. Petersburg-Clearwater, FL 4 $ 245,000 $ 61,250 $ 62,000
Augusta-Aiken, GA-SC 3 $ 125,000 $ 41,666 $ 17,000
Binghamton, NY 3 $ 194,000 $ 64,666 $ 45,000
Cincinnati, OH-KY-IN 3 $ 228,000 $ 76,000 $ 53,000
Dayton-Springfield, OH 3 $ 258,000 $ 86,000 $ 48,000
Daytona Beach, FL 3 $ 311,000 $ 103,666 $ 81,000
Fort Lauderdale, FL 3 $ 359,000 $ 119,666 $ 80,000
McAllen-Edinburg-Mission, TX 3 $ 83,000 $ 27,666 $ 31,000
Melbourne-Titusville-Palm Bay, FL 3 $ 211,000 $ 70,333 $ 42,000
Milwaukee-Waukesha, WI 3 $ 177,000 $ 59,000 $ 44,000
Pensacola, FL 3 $ 205,000 $ 68,333 $ 30,000
Sacramento, CA 3 $ 147,000 $ 49,000 $ 17,000
Savannah, GA 3 $ 197,000 $ 65,666 $ 55,000
Yuma, AZ 3 $ 166,000 $ 55,333 $ 62,000
Albuquerque, NM 2 $ 204,000 $ 102,000 $ 44,000
Chico-Paradise, CA 2 $ 110,000 $ 55,000 $ 53,000
Colorado Springs, CO 2 $ 107,000 $ 53,500 $ 45,000
Corpus Christi, TX 2 $ 42,000 $ 21,000 $ 22,000
Eugene-Springfield, OR 2 $ 165,000 $ 82,500 $ 32,000
Flagstaff, AZ-UT 2 $ 167,000 $ 83,500 $ 52,000
Fort Collins-Loveland, CO 2 $ 105,000 $ 52,500 $ 60,000
Jamestown, NY 2 $ 72,000 $ 36,000 $ 39,000
Los Angeles-Long Beach, CA 2 $ 360,000 $ 180,000 $ 169,000
Mansfield, OH 2 $ 68,000 $ 34,000 $ 48,000
Miami, FL 2 $ 213,000 $ 106,500 $ 27,000
Oakland, CA 2 $ 269,000 $ 134,500 $ 55,000
Riverside-San Bernardino, CA 2 $ 119,000 $ 59,500 $ 40,000
Salem, OR 2 $ 186,000 $ 93,000 $ 76,000
South Bend, IN 2 $ 255,000 $ 127,500 $ 65,000
Spokane, WA 2 $ 147,000 $ 73,500 $ 22,000
Yuba City, CA 2 $ 171,000 $ 85,500 $ 27,000
Appleton-Oshkosh-Neenah, WI 1 $ 71,000 $ 71,000 $ 48,000
Bakersfield, CA 1 $ 119,000 $ 119,000 $ 58,000
Boulder-Longmont, CO 1 $ 122,000 $ 122,000 $ 80,000
Bremerton, WA 1 $ 270,000 $ 270,000 $ 48,000
Burlington, VT 1 $ 126,000 $ 126,000 $ 51,000
Canton-Massillon, OH 1 $ 88,000 $ 88,000 $ 48,000
Cleveland-Lorain-Elyria, OH 1 $ 117,000 $ 117,000 $ 21,000
Elkhart-Goshen, IN 1 $ 10,000 $ 10,000 $ 62,000
Evansville-Henderson, IN-KY 1 $ 65,000 $ 65,000 $ 48,000
Grand Junction, CO 1 $ 114,000 $ 114,000 $ 55,000
Hamilton-Middletown, OH 1 $ 10,000 $ 10,000 $ 26,000
Honolulu, HI 1 $ 120,000 $ 120,000 $ 56,000
Jacksonville, FL 1 $ 48,000 $ 48,000 $ 26,000
Killeen-Temple, TX 1 $ 96,000 $ 96,000 $ 44,000
Lakeland-Winter Haven, FL 1 $ 42,000 $ 42,000 $ 10,000
Laredo, TX 1 $ 10,000 $ 10,000 $ 25,000
Las Cruces, NM 1 $ 45,000 $ 45,000 $ 19,000
Madison, WI 1 $ 128,000 $ 128,000 $ 62,000
Muncie, IN 1 $ 50,000 $ 50,000 $ 40,000
Naples, FL 1 $ 250,000 $ 250,000 $ 59,000
Ocala, FL 1 $ 55,000 $ 55,000 $ 23,000
Raleigh-Durham-Chapel Hill, NC 1 $ 25,000 $ 25,000 $ 20,000
Salt Lake City-Ogden, UT 1 $ 138,000 $ 138,000 $ 90,000
San Diego, CA 1 $ 25,000 $ 25,000 $ 32,000
Sarasota-Bradenton, FL 1 $ 72,000 $ 72,000 $ 40,000
St. Cloud, MN 1 $ 288,000 $ 288,000 $ 130,000
Tacoma, WA 1 $ 213,000 $ 213,000 $ 34,000

Mortgage Loan Application Detail Totals for Home Loan Investment Bank in 2003

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 (home purchase or home improvement, one-to-four family) 18,472 $1,933,283,000 $93,838 $1,300,000 $56,516 $9,999,000
Home Improvement (one-to-four family) 6,532 $350,751,000 $51,884 $556,000 $62,038 $9,999,000
Home Purchase (one-to-four family) 36 $4,647,000 $99,600 $942,000 $78,100 $570,000
Multifamily dwelling (home purchase, home improvement, and refinancings) 15 $636,000 $46,285 $100,000 $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 12,973 $1,172,657,000 $90,933 $1,300,000 $60,633 $9,999,000
Information not provided by applicant in mail or telephone application 4,279 $412,876,000 $89,607 $719,000 $64,892 $9,999,000
Black 4,168 $344,939,000 $77,625 $1,280,000 $46,083 $800,000
Hispanic 2,013 $184,435,000 $85,360 $1,260,000 $47,480 $2,435,000
Other 721 $74,871,000 $93,650 $470,000 $57,200 $9,999,000
Asian or Pacific Islander 689 $84,048,000 $102,684 $675,000 $74,578 $3,000,000
American Indian or Alaskan Native 212 $15,491,000 $70,789 $374,000 $45,789 $216,000
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) 25,055 $2,289,317,000 $84,343 $1,300,000 $57,750 $9,999,000
FHA-insured (Federal Housing Administration) 0 $0 $0 $0 $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 Approved But Not Accepted 12,906 $1,142,291,000 $83,387 $1,260,000 $73,064 $9,999,000
Application Denied By Financial Institution 9,788 $895,464,000 $83,857 $1,300,000 $51,571 $9,999,000
Loan Originated 2,361 $251,562,000 $98,222 $1,200,000 $52,518 $503,000
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Application Withdrawn By Applicant 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 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
Collateral 3,425 $295,769,000 $85,346 $1,280,000 $58,000 $9,999,000
Other 3,189 $263,910,000 $82,461 $1,120,000 $65,846 $1,920,000
Debt-To-Income Ratio 3,167 $335,444,000 $94,958 $1,300,000 $37,166 $1,032,000
Credit History 7 $341,000 $49,250 $100,000 $53,750 $78,000
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
Unverifiable Information 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Home Loan Investment Bank's 2003 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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