In 2009, Home Loan Investment Bank of Warwick, RI reported 1,604 mortgage applications totaling $343.8 million, down 91% from 2008. The average application was for $214,337, and applicants reported an average income of $91,261. 18% of its applications resulted in an originated loan and 36% were denied. Its largest markets were Providence-New Bedford-Fall River, RI-MA (311), New York-White Plains-Wayne, NY-NJ (129) and Boston-Quincy, MA (68) (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 | 1,604 |
| Total Mortgage Loan Application Amount | $343,798,000 |
| Average Mortgage Loan Application Amount | $214,337 |
| Highest Mortgage Loan Application Amount | $999,000 |
| Average Applicant Income | $91,261 |
| Highest Applicant Income | $2,092,000 |
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records Home Loan Investment Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 311 | $ 64,289,000 | $ 206,717 | $ 77,887 |
| New York-White Plains-Wayne, NY-NJ | 129 | $ 42,042,000 | $ 325,906 | $ 151,240 |
| Boston-Quincy, MA | 68 | $ 15,836,000 | $ 232,882 | $ 88,000 |
| Nassau-Suffolk, NY | 63 | $ 18,111,000 | $ 287,476 | $ 104,000 |
| Chicago-Naperville-Joliet, IL | 52 | $ 10,461,000 | $ 201,173 | $ 83,000 |
| Cambridge-Newton-Framingham, MA | 51 | $ 15,036,000 | $ 294,823 | $ 112,000 |
| Philadelphia, PA | 50 | $ 10,111,000 | $ 202,220 | $ 102,000 |
| Worcester, MA | 38 | $ 8,348,000 | $ 219,684 | $ 93,000 |
| Edison-New Brunswick, NJ | 33 | $ 8,677,000 | $ 262,939 | $ 110,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 31 | $ 8,704,000 | $ 280,774 | $ 116,741 |
| Atlanta-Sandy Springs-Marietta, GA | 26 | $ 5,047,000 | $ 194,115 | $ 76,000 |
| Baltimore-Towson, MD | 25 | $ 5,272,000 | $ 210,880 | $ 93,000 |
| Newark-Union, NJ-PA | 24 | $ 7,362,000 | $ 306,750 | $ 145,000 |
| Albany-Schenectady-Troy, NY | 23 | $ 3,392,000 | $ 147,478 | $ 61,000 |
| Peabody, MA | 23 | $ 6,794,000 | $ 295,391 | $ 110,000 |
| Charlotte-Gastonia-Concord, NC-SC | 20 | $ 4,682,000 | $ 234,100 | $ 123,450 |
| Camden, NJ | 19 | $ 3,153,000 | $ 165,947 | $ 103,000 |
| Hartford-West Hartford-East Hartford, CT | 19 | $ 4,181,000 | $ 220,052 | $ 115,000 |
| Pittsburgh, PA | 16 | $ 3,276,000 | $ 204,750 | $ 111,000 |
| Bridgeport-Stamford-Norwalk, CT | 15 | $ 3,755,000 | $ 250,333 | $ 113,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 15 | $ 3,043,000 | $ 202,866 | $ 58,000 |
| Raleigh-Cary, NC | 15 | $ 3,403,000 | $ 226,866 | $ 93,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 14 | $ 2,795,000 | $ 199,642 | $ 75,214 |
| New Haven-Milford, CT | 12 | $ 2,140,000 | $ 178,333 | $ 68,000 |
| Rockingham County-Strafford County, NH | 11 | $ 2,991,000 | $ 271,909 | $ 106,000 |
| Springfield, MA | 11 | $ 2,213,000 | $ 201,181 | $ 73,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 8 | $ 2,400,000 | $ 300,000 | $ 132,500 |
| Richmond, VA | 8 | $ 996,000 | $ 124,500 | $ 73,000 |
| Wilmington, NC | 8 | $ 2,350,000 | $ 293,750 | $ 144,000 |
| Bethesda-Frederick-Rockville, MD | 7 | $ 1,898,000 | $ 271,142 | $ 108,000 |
| Buffalo-Niagara Falls, NY | 7 | $ 1,112,000 | $ 158,857 | $ 85,000 |
| Rochester, NY | 7 | $ 731,000 | $ 104,428 | $ 53,000 |
| Trenton-Ewing, NJ | 7 | $ 1,489,000 | $ 212,714 | $ 118,000 |
| Barnstable Town, MA | 6 | $ 1,745,000 | $ 290,833 | $ 98,000 |
| Lake County-Kenosha County, IL-WI | 6 | $ 1,457,000 | $ 242,833 | $ 74,833 |
| Manchester-Nashua, NH | 6 | $ 1,472,000 | $ 245,333 | $ 94,000 |
| Memphis, TN-MS-AR | 6 | $ 823,000 | $ 137,166 | $ 64,000 |
| Norwich-New London, CT | 6 | $ 1,140,000 | $ 190,000 | $ 72,000 |
| Charleston-North Charleston-Summerville, SC | 5 | $ 700,000 | $ 140,000 | $ 46,000 |
| Detroit-Livonia-Dearborn, MI | 5 | $ 444,000 | $ 88,800 | $ 38,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 5 | $ 791,000 | $ 158,200 | $ 42,000 |
| Glens Falls, NY | 5 | $ 1,010,000 | $ 202,000 | $ 119,000 |
| Harrisburg-Carlisle, PA | 5 | $ 661,000 | $ 132,200 | $ 92,000 |
| Jacksonville, FL | 5 | $ 677,000 | $ 135,400 | $ 66,000 |
| Knoxville, TN | 5 | $ 1,174,000 | $ 234,800 | $ 85,000 |
| Louisville-Jefferson County, KY-IN | 5 | $ 920,000 | $ 184,000 | $ 84,000 |
| Scranton--Wilkes-Barre, PA | 5 | $ 417,000 | $ 83,400 | $ 37,000 |
| Syracuse, NY | 5 | $ 770,000 | $ 154,000 | $ 78,000 |
| Gary, IN | 4 | $ 655,000 | $ 163,750 | $ 57,000 |
| Greensboro-High Point, NC | 4 | $ 1,013,000 | $ 253,250 | $ 164,000 |
| Indianapolis-Carmel, IN | 4 | $ 979,000 | $ 244,750 | $ 83,000 |
| Milwaukee-Waukesha-West Allis, WI | 4 | $ 1,000,000 | $ 250,000 | $ 112,000 |
| New Orleans-Metairie-Kenner, LA | 4 | $ 439,000 | $ 109,750 | $ 41,000 |
| Portland-South Portland-Biddeford, ME | 4 | $ 832,000 | $ 208,000 | $ 99,000 |
| Reading, PA | 4 | $ 767,000 | $ 191,750 | $ 136,000 |
| St. Louis, MO-IL | 4 | $ 553,000 | $ 138,250 | $ 56,750 |
| Tampa-St. Petersburg-Clearwater, FL | 4 | $ 306,000 | $ 76,500 | $ 52,000 |
| Warren-Troy-Farmington Hills, MI | 4 | $ 541,000 | $ 135,250 | $ 53,000 |
| Wilmington, DE-MD-NJ | 4 | $ 710,000 | $ 177,500 | $ 96,250 |
| Winston-Salem, NC | 4 | $ 805,000 | $ 201,250 | $ 65,000 |
| York-Hanover, PA | 4 | $ 917,000 | $ 229,250 | $ 74,000 |
| Asheville, NC | 3 | $ 780,000 | $ 260,000 | $ 109,000 |
| Atlantic City-Hammonton, NJ | 3 | $ 492,000 | $ 164,000 | $ 67,000 |
| Charleston, WV | 3 | $ 282,000 | $ 94,000 | $ 32,000 |
| Durham-Chapel Hill, NC | 3 | $ 556,000 | $ 185,333 | $ 348,000 |
| Green Bay, WI | 3 | $ 660,000 | $ 220,000 | $ 109,000 |
| Kingston, NY | 3 | $ 355,000 | $ 118,333 | $ 75,000 |
| Lancaster, PA | 3 | $ 408,000 | $ 136,000 | $ 50,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 3 | $ 403,000 | $ 134,333 | $ 75,000 |
| Pensacola-Ferry Pass-Brent, FL | 3 | $ 250,000 | $ 83,333 | $ 40,000 |
| Port St. Lucie, FL | 3 | $ 262,000 | $ 87,333 | $ 61,000 |
| Rockford, IL | 3 | $ 145,000 | $ 48,333 | $ 46,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 493,000 | $ 246,500 | $ 219,000 |
| Champaign-Urbana, IL | 2 | $ 497,000 | $ 248,500 | $ 60,000 |
| Chico, CA | 2 | $ 560,000 | $ 280,000 | $ 32,000 |
| Davenport-Moline-Rock Island, IA-IL | 2 | $ 378,000 | $ 189,000 | $ 75,000 |
| Eau Claire, WI | 2 | $ 361,000 | $ 180,500 | $ 96,000 |
| Fayetteville, NC | 2 | $ 122,000 | $ 61,000 | $ 17,000 |
| Florence, SC | 2 | $ 157,000 | $ 78,500 | $ 18,000 |
| Greenville-Mauldin-Easley, SC | 2 | $ 496,000 | $ 248,000 | $ 100,000 |
| Hickory-Lenoir-Morganton, NC | 2 | $ 314,000 | $ 157,000 | $ 69,000 |
| Ithaca, NY | 2 | $ 505,000 | $ 252,500 | $ 147,000 |
| Jefferson City, MO | 2 | $ 263,000 | $ 131,500 | $ 52,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 2 | $ 353,000 | $ 176,500 | $ 63,000 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 2 | $ 571,000 | $ 285,500 | $ 70,000 |
| Naples-Marco Island, FL | 2 | $ 231,000 | $ 115,500 | $ 148,000 |
| Ocean City, NJ | 2 | $ 708,000 | $ 354,000 | $ 257,000 |
| Portland-Vancouver-Beaverton, OR-WA | 2 | $ 245,000 | $ 122,500 | $ 34,000 |
| Spartanburg, SC | 2 | $ 130,000 | $ 65,000 | $ 36,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 2 | $ 131,000 | $ 65,500 | $ 37,000 |
| Wheeling, WV-OH | 2 | $ 101,000 | $ 50,500 | $ 33,000 |
| Winchester, VA-WV | 2 | $ 371,000 | $ 185,500 | $ 72,500 |
| Akron, OH | 1 | $ 48,000 | $ 48,000 | $ 18,000 |
| Albany, GA | 1 | $ 50,000 | $ 50,000 | $ 16,000 |
| Anderson, SC | 1 | $ 352,000 | $ 352,000 | $ 128,000 |
| Ann Arbor, MI | 1 | $ 92,000 | $ 92,000 | $ 43,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 114,000 | $ 114,000 | $ 23,000 |
| Austin-Round Rock, TX | 1 | $ 76,000 | $ 76,000 | $ 70,000 |
| Bangor, ME | 1 | $ 40,000 | $ 40,000 | $ 17,000 |
| Binghamton, NY | 1 | $ 106,000 | $ 106,000 | $ 131,000 |
| Blacksburg-Christiansburg-Radford, VA | 1 | $ 237,000 | $ 237,000 | $ 84,000 |
| Bloomington, IN | 1 | $ 60,000 | $ 60,000 | $ 30,000 |
| Bradenton-Sarasota-Venice, FL | 1 | $ 226,000 | $ 226,000 | $ 102,000 |
| Brunswick, GA | 1 | $ 50,000 | $ 50,000 | $ 28,000 |
| Chattanooga, TN-GA | 1 | $ 285,000 | $ 285,000 | $ 66,000 |
| Cleveland-Elyria-Mentor, OH | 1 | $ 54,000 | $ 54,000 | $ 69,000 |
| Columbia, SC | 1 | $ 216,000 | $ 216,000 | $ 167,000 |
| Columbus, OH | 1 | $ 53,000 | $ 53,000 | $ 48,000 |
| Dallas-Plano-Irving, TX | 1 | $ 125,000 | $ 125,000 | $ 24,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 100,000 | $ 100,000 | $ 20,000 |
| Denver-Aurora-Broomfield, CO | 1 | $ 54,000 | $ 54,000 | $ 111,000 |
| El Paso, TX | 1 | $ 51,000 | $ 51,000 | $ 16,000 |
| Elkhart-Goshen, IN | 1 | $ 205,000 | $ 205,000 | $ 150,000 |
| Elmira, NY | 1 | $ 50,000 | $ 50,000 | $ 17,000 |
| Erie, PA | 1 | $ 75,000 | $ 75,000 | $ 35,000 |
| Evansville, IN-KY | 1 | $ 127,000 | $ 127,000 | $ 23,000 |
| Fort Walton Beach-Crestview-Destin, FL | 1 | $ 123,000 | $ 123,000 | $ 42,000 |
| Gainesville, FL | 1 | $ 87,000 | $ 87,000 | $ 36,000 |
| Hagerstown-Martinsburg, MD-WV | 1 | $ 146,000 | $ 146,000 | $ 51,000 |
| Harrisonburg, VA | 1 | $ 121,000 | $ 121,000 | $ 26,000 |
| Houston-Sugar Land-Baytown, TX | 1 | $ 113,000 | $ 113,000 | $ 36,000 |
| Jacksonville, NC | 1 | $ 102,000 | $ 102,000 | $ 16,000 |
| Joplin, MO | 1 | $ 50,000 | $ 50,000 | $ 14,000 |
| Kansas City, MO-KS | 1 | $ 130,000 | $ 130,000 | $ 50,000 |
| Lakeland-Winter Haven, FL | 1 | $ 360,000 | $ 360,000 | $ 80,000 |
| Las Vegas-Paradise, NV | 1 | $ 426,000 | $ 426,000 | $ 90,000 |
| Lewiston-Auburn, ME | 1 | $ 47,000 | $ 47,000 | $ 30,000 |
| Lexington-Fayette, KY | 1 | $ 65,000 | $ 65,000 | $ 21,000 |
| Lima, OH | 1 | $ 50,000 | $ 50,000 | $ 32,000 |
| Madison, WI | 1 | $ 50,000 | $ 50,000 | $ 70,000 |
| Monroe, MI | 1 | $ 54,000 | $ 54,000 | $ 13,000 |
| Morgantown, WV | 1 | $ 60,000 | $ 60,000 | $ 28,000 |
| Muskegon-Norton Shores, MI | 1 | $ 236,000 | $ 236,000 | $ 84,000 |
| Niles-Benton Harbor, MI | 1 | $ 50,000 | $ 50,000 | $ 16,000 |
| Oakland-Fremont-Hayward, CA | 1 | $ 120,000 | $ 120,000 | $ 100,000 |
| Ocala, FL | 1 | $ 86,000 | $ 86,000 | $ 42,000 |
| Oklahoma City, OK | 1 | $ 107,000 | $ 107,000 | $ 77,000 |
| Orlando-Kissimmee, FL | 1 | $ 115,000 | $ 115,000 | $ 25,000 |
| Oshkosh-Neenah, WI | 1 | $ 201,000 | $ 201,000 | $ 132,000 |
| Parkersburg-Marietta-Vienna, WV-OH | 1 | $ 324,000 | $ 324,000 | $ 154,000 |
| Peoria, IL | 1 | $ 37,000 | $ 37,000 | $ 20,000 |
| Pittsfield, MA | 1 | $ 181,000 | $ 181,000 | $ 34,000 |
| Racine, WI | 1 | $ 297,000 | $ 297,000 | $ 140,000 |
| Reno-Sparks, NV | 1 | $ 470,000 | $ 470,000 | $ 108,000 |
| Roanoke, VA | 1 | $ 60,000 | $ 60,000 | $ 65,000 |
| San Angelo, TX | 1 | $ 40,000 | $ 40,000 | $ 66,000 |
| San Diego-Carlsbad-San Marcos, CA | 1 | $ 168,000 | $ 168,000 | $ 63,000 |
| Santa Ana-Anaheim-Irvine, CA | 1 | $ 394,000 | $ 394,000 | $ 220,000 |
| Savannah, GA | 1 | $ 35,000 | $ 35,000 | $ 36,000 |
| Shreveport-Bossier City, LA | 1 | $ 95,000 | $ 95,000 | $ 36,000 |
| Springfield, MO | 1 | $ 205,000 | $ 205,000 | $ 68,000 |
| State College, PA | 1 | $ 79,000 | $ 79,000 | $ 58,000 |
| Tacoma, WA | 1 | $ 236,000 | $ 236,000 | $ 105,000 |
| Terre Haute, IN | 1 | $ 55,000 | $ 55,000 | $ 73,000 |
| Toledo, OH | 1 | $ 50,000 | $ 50,000 | $ 23,000 |
| Tulsa, OK | 1 | $ 47,000 | $ 47,000 | $ 66,000 |
| Utica-Rome, NY | 1 | $ 152,000 | $ 152,000 | $ 24,000 |
| Vineland-Millville-Bridgeton, NJ | 1 | $ 115,000 | $ 115,000 | $ 90,000 |
| Warner Robins, GA | 1 | $ 158,000 | $ 158,000 | $ 42,000 |
| Youngstown-Warren-Boardman, OH-PA | 1 | $ 109,000 | $ 109,000 | $ 102,000 |
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 | 1,464 | $313,707,000 | $214,000 | $999,000 | $91,000 | $1,150,000 |
| Home Purchase | 140 | $30,091,000 | $214,000 | $736,000 | $94,000 | $2,092,000 |
| 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 Provided | 846 | $184,466,000 | $218,000 | $999,000 | $93,000 | $1,150,000 |
| White | 636 | $138,402,000 | $217,000 | $869,000 | $94,000 | $2,092,000 |
| Black or African American | 53 | $6,619,000 | $124,000 | $465,000 | $48,000 | $211,000 |
| Hispanic | 40 | $8,696,000 | $217,000 | $448,000 | $77,000 | $210,000 |
| Asian | 23 | $4,913,000 | $213,000 | $442,000 | $93,000 | $250,000 |
| American Indian or Alaskan Native | 6 | $702,000 | $117,000 | $273,000 | $103,000 | $348,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 1,337 | $288,252,000 | $215,000 | $999,000 | $96,000 | $2,092,000 |
| FHA-insured (Federal Housing Administration) | 267 | $55,546,000 | $208,000 | $575,000 | $66,000 | $240,000 |
| 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 | 577 | $106,823,000 | $185,000 | $999,000 | $63,000 | $492,000 |
| Application Approved But Not Accepted | 541 | $126,139,000 | $233,000 | $736,000 | $107,000 | $2,092,000 |
| Loan Originated | 285 | $61,704,000 | $216,000 | $695,000 | $103,000 | $774,000 |
| Application Withdrawn By Applicant | 172 | $43,105,000 | $250,000 | $869,000 | $120,000 | $1,150,000 |
| File Closed For Incompleteness | 29 | $6,027,000 | $207,000 | $523,000 | $95,000 | $546,000 |
| 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 | 322 | $49,451,000 | $153,000 | $679,000 | $56,000 | $300,000 |
| Debt-To-Income Ratio | 93 | $23,953,000 | $257,000 | $834,000 | $58,000 | $174,000 |
| Other | 83 | $14,663,000 | $176,000 | $999,000 | $71,000 | $492,000 |
| Collateral | 76 | $18,103,000 | $238,000 | $684,000 | $87,000 | $432,000 |
| Credit Application Incomplete | 3 | $653,000 | $217,000 | $237,000 | $111,000 | $230,000 |
| Unverifiable Information | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Home Loan Investment 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 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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