HSBC Bank USA, NA Mortgage Lending & HMDA Data, 2008
In 2008, HSBC Bank USA, NA of Buffalo, NY reported 7,408 mortgage applications totaling $3.3 billion, down 76% from 2007. The average application was for $452,038, and applicants reported an average income of $2,973. 1% of its applications resulted in an originated loan and 2% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (2,312), San Jose-Sunnyvale-Santa Clara, CA (749) and Los Angeles-Long Beach-Glendale, CA (655) (applications in parentheses).
| Mortgage Company & Address | HSBC Bank USA, NA 1 HSBC Center - 24th Floor Buffalo, NY 14203 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 7,408 |
| Total Mortgage Loan Application Amount | $3,348,699,000 |
| Average Mortgage Loan Application Amount | $452,038 |
| Highest Mortgage Loan Application Amount | $99,999,000 |
| Average Applicant Income | $2,973 |
| Highest Applicant Income | $9,999,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records HSBC Bank USA, NA filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| New York-White Plains-Wayne, NY-NJ | 2,312 | $ 1,145,400,000 | $ 495,415 | $ 3,731 |
| San Jose-Sunnyvale-Santa Clara, CA | 749 | $ 319,774,000 | $ 426,934 | $ 0 |
| Los Angeles-Long Beach-Glendale, CA | 655 | $ 367,975,000 | $ 561,793 | $ 15,000 |
| Oakland-Fremont-Hayward, CA | 587 | $ 211,459,000 | $ 360,236 | $ 0 |
| Buffalo-Niagara Falls, NY | 347 | $ 37,153,000 | $ 107,069 | $ 0 |
| Nassau-Suffolk, NY | 319 | $ 138,117,000 | $ 432,968 | $ 4,000 |
| Miami-Miami Beach-Kendall, FL | 274 | $ 214,195,000 | $ 781,733 | $ 5,000 |
| Rochester, NY | 272 | $ 28,395,000 | $ 104,393 | $ 0 |
| San Francisco-San Mateo-Redwood City, CA | 204 | $ 115,085,000 | $ 564,142 | $ 0 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 152 | $ 53,422,000 | $ 351,460 | $ 0 |
| Albany-Schenectady-Troy, NY | 125 | $ 22,742,000 | $ 181,936 | $ 0 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 108 | $ 52,047,000 | $ 481,916 | $ 0 |
| Syracuse, NY | 84 | $ 9,619,000 | $ 114,511 | $ 0 |
| Seattle-Bellevue-Everett, WA | 76 | $ 52,695,000 | $ 693,355 | $ 0 |
| Newark-Union, NJ-PA | 75 | $ 37,331,000 | $ 497,746 | $ 0 |
| Santa Ana-Anaheim-Irvine, CA | 67 | $ 40,842,000 | $ 609,582 | $ 0 |
| Riverside-San Bernardino-Ontario, CA | 66 | $ 24,700,000 | $ 374,242 | $ 0 |
| Bridgeport-Stamford-Norwalk, CT | 62 | $ 61,069,000 | $ 984,983 | $ 0 |
| Binghamton, NY | 56 | $ 5,075,000 | $ 90,625 | $ 2,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 54 | $ 13,065,000 | $ 241,944 | $ 1,000 |
| Philadelphia, PA | 42 | $ 8,751,000 | $ 208,357 | $ 4,000 |
| Edison-New Brunswick, NJ | 40 | $ 27,525,000 | $ 688,125 | $ 7,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 39 | $ 31,799,000 | $ 815,358 | $ 0 |
| Oxnard-Thousand Oaks-Ventura, CA | 37 | $ 12,234,000 | $ 330,648 | $ 0 |
| Sacramento--Arden-Arcade--Roseville, CA | 37 | $ 10,129,000 | $ 273,756 | $ 0 |
| Honolulu, HI | 23 | $ 17,305,000 | $ 752,391 | $ 0 |
| Salinas, CA | 23 | $ 7,206,000 | $ 313,304 | $ 0 |
| Chicago-Naperville-Joliet, IL | 22 | $ 12,180,000 | $ 553,636 | $ 0 |
| Orlando-Kissimmee, FL | 18 | $ 5,053,000 | $ 280,722 | $ 0 |
| Bethesda-Frederick-Gaithersburg, MD | 16 | $ 22,339,000 | $ 1,396,187 | $ 0 |
| Lakeland-Winter Haven, FL | 14 | $ 3,194,000 | $ 228,142 | $ 0 |
| Boston-Quincy, MA | 13 | $ 10,529,000 | $ 809,923 | $ 0 |
| San Diego-Carlsbad-San Marcos, CA | 13 | $ 6,290,000 | $ 483,846 | $ 0 |
| Houston-Sugar Land-Baytown, TX | 12 | $ 9,296,000 | $ 774,666 | $ 0 |
| Vallejo-Fairfield, CA | 12 | $ 3,596,000 | $ 299,666 | $ 0 |
| Phoenix-Mesa-Scottsdale, AZ | 11 | $ 4,475,000 | $ 406,818 | $ 0 |
| Kingston, NY | 10 | $ 3,002,000 | $ 300,200 | $ 0 |
| Atlanta-Sandy Springs-Marietta, GA | 9 | $ 10,718,000 | $ 1,190,888 | $ 0 |
| Fresno, CA | 7 | $ 1,947,000 | $ 278,142 | $ 0 |
| Glens Falls, NY | 7 | $ 1,202,000 | $ 171,714 | $ 0 |
| Utica-Rome, NY | 7 | $ 438,000 | $ 62,571 | $ 0 |
| Denver-Aurora, CO | 6 | $ 3,626,000 | $ 604,333 | $ 0 |
| Lake County-Kenosha County, IL-WI | 6 | $ 3,540,000 | $ 590,000 | $ 0 |
| Las Vegas-Paradise, NV | 6 | $ 3,425,000 | $ 570,833 | $ 0 |
| Santa Cruz-Watsonville, CA | 6 | $ 4,174,000 | $ 695,666 | $ 0 |
| St. Louis, MO-IL | 6 | $ 1,766,000 | $ 294,333 | $ 0 |
| Stockton, CA | 6 | $ 994,000 | $ 165,666 | $ 0 |
| Bakersfield, CA | 5 | $ 989,000 | $ 197,800 | $ 0 |
| Chico, CA | 5 | $ 748,000 | $ 149,600 | $ 0 |
| Deltona-Daytona Beach-Ormond Beach, FL | 5 | $ 729,000 | $ 145,800 | $ 0 |
| Elmira, NY | 5 | $ 424,000 | $ 84,800 | $ 0 |
| New Haven-Milford, CT | 5 | $ 2,645,000 | $ 529,000 | $ 0 |
| Portland-Vancouver-Beaverton, OR-WA | 5 | $ 2,004,000 | $ 400,800 | $ 0 |
| Yuba City, CA | 5 | $ 476,000 | $ 95,200 | $ 0 |
| Baltimore-Towson, MD | 4 | $ 914,000 | $ 228,500 | $ 0 |
| Bradenton-Sarasota-Venice, FL | 4 | $ 2,002,000 | $ 500,500 | $ 0 |
| Cambridge-Newton-Framingham, MA | 4 | $ 2,889,000 | $ 722,250 | $ 0 |
| Cape Coral-Fort Myers, FL | 4 | $ 2,341,000 | $ 585,250 | $ 0 |
| Charlotte-Gastonia-Concord, NC-SC | 4 | $ 2,275,000 | $ 568,750 | $ 0 |
| Dallas-Plano-Irving, TX | 4 | $ 1,283,000 | $ 320,750 | $ 0 |
| Merced, CA | 4 | $ 942,000 | $ 235,500 | $ 0 |
| Naples-Marco Island, FL | 4 | $ 3,124,000 | $ 781,000 | $ 0 |
| Panama City-Lynn Haven, FL | 4 | $ 1,609,000 | $ 402,250 | $ 0 |
| Raleigh-Cary, NC | 4 | $ 14,576,000 | $ 3,644,000 | $ 0 |
| Tampa-St. Petersburg-Clearwater, FL | 4 | $ 1,509,000 | $ 377,250 | $ 0 |
| Wilmington, DE-MD-NJ | 4 | $ 614,000 | $ 153,500 | $ 0 |
| Austin-Round Rock, TX | 3 | $ 707,000 | $ 235,666 | $ 0 |
| Cleveland-Elyria-Mentor, OH | 3 | $ 455,000 | $ 151,666 | $ 0 |
| Hartford-West Hartford-East Hartford, CT | 3 | $ 1,282,000 | $ 427,333 | $ 0 |
| Ithaca, NY | 3 | $ 368,000 | $ 122,666 | $ 0 |
| Madera, CA | 3 | $ 300,000 | $ 100,000 | $ 0 |
| Portland-South Portland-Biddeford, ME | 3 | $ 1,196,000 | $ 398,666 | $ 0 |
| Reno-Sparks, NV | 3 | $ 1,867,000 | $ 622,333 | $ 0 |
| Santa Rosa-Petaluma, CA | 3 | $ 525,000 | $ 175,000 | $ 0 |
| Visalia-Porterville, CA | 3 | $ 1,113,000 | $ 371,000 | $ 0 |
| Ann Arbor, MI | 2 | $ 20,523,000 | $ 10,261,500 | $ 0 |
| Asheville, NC | 2 | $ 768,000 | $ 384,000 | $ 0 |
| Baton Rouge, LA | 2 | $ 1,269,000 | $ 634,500 | $ 0 |
| Bremerton-Silverdale, WA | 2 | $ 2,381,000 | $ 1,190,500 | $ 0 |
| Charleston-North Charleston-Summerville, SC | 2 | $ 1,127,000 | $ 563,500 | $ 0 |
| Detroit-Livonia-Dearborn, MI | 2 | $ 1,634,000 | $ 817,000 | $ 0 |
| Fort Worth-Arlington, TX | 2 | $ 641,000 | $ 320,500 | $ 0 |
| Jacksonville, FL | 2 | $ 234,000 | $ 117,000 | $ 0 |
| Kansas City, MO-KS | 2 | $ 431,000 | $ 215,500 | $ 0 |
| Napa, CA | 2 | $ 562,000 | $ 281,000 | $ 0 |
| Pittsburgh, PA | 2 | $ 275,000 | $ 137,500 | $ 0 |
| Providence-New Bedford-Fall River, RI-MA | 2 | $ 1,368,000 | $ 684,000 | $ 0 |
| Punta Gorda, FL | 2 | $ 286,000 | $ 143,000 | $ 0 |
| Rockingham County-Strafford County, NH | 2 | $ 1,427,000 | $ 713,500 | $ 0 |
| Trenton-Ewing, NJ | 2 | $ 814,000 | $ 407,000 | $ 15,000 |
| Warren-Troy-Farmington Hills, MI | 2 | $ 509,000 | $ 254,500 | $ 0 |
| Wilmington, NC | 2 | $ 1,070,000 | $ 535,000 | $ 0 |
| Worcester, MA | 2 | $ 181,000 | $ 90,500 | $ 0 |
| Akron, OH | 1 | $ 5,400,000 | $ 5,400,000 | $ 0 |
| Allentown-Bethlehem-Easton, PA-NJ | 1 | $ 284,000 | $ 284,000 | $ 0 |
| Anniston-Oxford, AL | 1 | $ 218,000 | $ 218,000 | $ 0 |
| Atlantic City-Hammonton, NJ | 1 | $ 460,000 | $ 460,000 | $ 0 |
| Barnstable Town, MA | 1 | $ 5,000,000 | $ 5,000,000 | $ 0 |
| Bellingham, WA | 1 | $ 1,000,000 | $ 1,000,000 | $ 0 |
| Bend, OR | 1 | $ 560,000 | $ 560,000 | $ 0 |
| Bloomington-Normal, IL | 1 | $ 208,000 | $ 208,000 | $ 0 |
| Burlington, NC | 1 | $ 275,000 | $ 275,000 | $ 0 |
| Camden, NJ | 1 | $ 133,000 | $ 133,000 | $ 0 |
| Cedar Rapids, IA | 1 | $ 11,300,000 | $ 11,300,000 | $ 0 |
| Cincinnati-Middletown, OH-KY-IN | 1 | $ 731,000 | $ 731,000 | $ 0 |
| College Station-Bryan, TX | 1 | $ 41,000 | $ 41,000 | $ 0 |
| Columbus, OH | 1 | $ 636,000 | $ 636,000 | $ 0 |
| Gainesville, GA | 1 | $ 431,000 | $ 431,000 | $ 0 |
| Hickory-Lenoir-Morganton, NC | 1 | $ 938,000 | $ 938,000 | $ 0 |
| Huntsville, AL | 1 | $ 126,000 | $ 126,000 | $ 0 |
| Kokomo, IN | 1 | $ 28,000 | $ 28,000 | $ 0 |
| Lancaster, PA | 1 | $ 248,000 | $ 248,000 | $ 0 |
| Lynchburg, VA | 1 | $ 1,162,000 | $ 1,162,000 | $ 0 |
| Manchester-Nashua, NH | 1 | $ 475,000 | $ 475,000 | $ 0 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 418,000 | $ 418,000 | $ 0 |
| Modesto, CA | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Monroe, MI | 1 | $ 76,000 | $ 76,000 | $ 0 |
| New Orleans-Metairie-Kenner, LA | 1 | $ 600,000 | $ 600,000 | $ 0 |
| Pittsfield, MA | 1 | $ 1,000,000 | $ 1,000,000 | $ 0 |
| Port St. Lucie, FL | 1 | $ 100,000 | $ 100,000 | $ 0 |
| Salem, OR | 1 | $ 24,000 | $ 24,000 | $ 0 |
| Salt Lake City, UT | 1 | $ 296,000 | $ 296,000 | $ 0 |
| San Luis Obispo-Paso Robles, CA | 1 | $ 345,000 | $ 345,000 | $ 0 |
| Sandusky, OH | 1 | $ 16,000 | $ 16,000 | $ 0 |
| Scranton--Wilkes-Barre, PA | 1 | $ 140,000 | $ 140,000 | $ 0 |
| Sebastian-Vero Beach, FL | 1 | $ 2,600,000 | $ 2,600,000 | $ 0 |
| South Bend-Mishawaka, IN-MI | 1 | $ 71,000 | $ 71,000 | $ 0 |
| Tacoma, WA | 1 | $ 476,000 | $ 476,000 | $ 0 |
| Wichita Falls, TX | 1 | $ 261,000 | $ 261,000 | $ 0 |
| York-Hanover, PA | 1 | $ 1,100,000 | $ 1,100,000 | $ 0 |
Mortgage Loan Application Detail Totals for HSBC Bank USA, NA in 2008
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 | 4,853 | $1,899,957,000 | $391,000 | $99,999,000 | $2,000 | $4,000,000 |
| Refinancing | 2,465 | $1,343,072,000 | $544,000 | $65,000,000 | $5,000 | $9,999,000 |
| Home Improvement | 90 | $105,670,000 | $1,174,000 | $25,250,000 | $0 | $33,000 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 7,284 | $3,261,168,000 | $447,000 | $99,999,000 | $0 | $191,000 |
| White | 46 | $20,153,000 | $438,000 | $2,416,000 | $41,000 | $1,000,000 |
| Asian | 28 | $18,171,000 | $648,000 | $4,500,000 | $230,000 | $4,000,000 |
| Black or African American | 23 | $1,355,000 | $58,000 | $650,000 | $39,000 | $90,000 |
| Hispanic | 17 | $4,252,000 | $250,000 | $863,000 | $28,000 | $82,000 |
| Not Provided | 8 | $43,582,000 | $5,447,000 | $20,000,000 | $1,735,000 | $9,999,000 |
| American Indian or Alaskan Native | 2 | $18,000 | $9,000 | $14,000 | $36,000 | $46,000 |
| 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) | 7,406 | $3,348,294,000 | $452,000 | $99,999,000 | $3,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) | 2 | $405,000 | $202,000 | $258,000 | $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 |
|---|---|---|---|---|---|---|
| Loan Purchased By The Institution | 7,150 | $2,830,136,000 | $395,000 | $14,000,000 | $0 | $0 |
| Application Denied By Financial Institution | 113 | $125,512,000 | $1,110,000 | $25,250,000 | $138,000 | $9,999,000 |
| Loan Originated | 96 | $267,570,000 | $2,787,000 | $99,999,000 | $11,000 | $169,000 |
| Application Withdrawn By Applicant | 33 | $98,588,000 | $2,987,000 | $11,300,000 | $211,000 | $4,000,000 |
| Application Approved But Not Accepted | 15 | $26,143,000 | $1,742,000 | $20,250,000 | $16,000 | $191,000 |
| File Closed For Incompleteness | 1 | $750,000 | $750,000 | $750,000 | $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 | 33 | $20,047,000 | $607,000 | $4,100,000 | $32,000 | $304,000 |
| Credit History | 31 | $3,311,000 | $106,000 | $500,000 | $22,000 | $90,000 |
| Other | 17 | $25,591,000 | $1,505,000 | $20,000,000 | $625,000 | $9,999,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 11 | $24,419,000 | $2,219,000 | $9,790,000 | $272,000 | $1,500,000 |
| Unverifiable Information | 7 | $1,409,000 | $201,000 | $350,000 | $24,000 | $174,000 |
| Collateral | 7 | $44,174,000 | $6,310,000 | $25,250,000 | $0 | $0 |
| Credit Application Incomplete | 7 | $6,561,000 | $937,000 | $3,200,000 | $4,000 | $29,000 |
| 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 HSBC Bank USA, NA's 2008 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 HSBC Bank USA, NA'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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