HSBC Mortgage Corp Mortgage Lending & HMDA Data, 2012
In 2012, HSBC Mortgage Corp of Depew, NY reported 36 mortgage applications totaling $33.2 million, down 100% from 2011. The average application was for $923,027, and applicants reported an average income of $172,222. 0% of its applications resulted in an originated loan and 3% were denied. Its largest market was New York-White Plains-Wayne, NY-NJ (3).
| Mortgage Company & Address | HSBC Mortgage Corp 2929 Walden Ave Depew, NY 14043 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 |
| Total Number of Mortgage Applications | 36 |
| Total Mortgage Loan Application Amount | $33,229,000 |
| Average Mortgage Loan Application Amount | $923,027 |
| Highest Mortgage Loan Application Amount | $5,000,000 |
| Average Applicant Income | $172,222 |
| Highest Applicant Income | $719,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records HSBC Mortgage Corp filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Detail Totals for HSBC Mortgage Corp in 2012
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 | 35 | $32,129,000 | $917,000 | $5,000,000 | $170,000 | $719,000 |
| Refinancing | 1 | $1,100,000 | $1,100,000 | $1,100,000 | $250,000 | $250,000 |
| 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 |
|---|---|---|---|---|---|---|
| Asian | 11 | $10,914,000 | $992,000 | $3,575,000 | $200,000 | $508,000 |
| Not Provided | 11 | $11,300,000 | $1,027,000 | $3,000,000 | $212,000 | $719,000 |
| White | 8 | $9,579,000 | $1,197,000 | $5,000,000 | $167,000 | $257,000 |
| Black or African American | 3 | $494,000 | $164,000 | $214,000 | $60,000 | $92,000 |
| Hispanic | 3 | $942,000 | $314,000 | $498,000 | $52,000 | $82,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 33 | $32,371,000 | $980,000 | $5,000,000 | $183,000 | $719,000 |
| FHA-insured (Federal Housing Administration) | 3 | $858,000 | $286,000 | $498,000 | $54,000 | $82,000 |
| 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 |
|---|---|---|---|---|---|---|
| Preapproval Denied by Financial Institution | 33 | $31,479,000 | $953,000 | $5,000,000 | $174,000 | $719,000 |
| Application Approved But Not Accepted | 2 | $650,000 | $325,000 | $400,000 | $114,000 | $182,000 |
| Application Denied By Financial Institution | 1 | $1,100,000 | $1,100,000 | $1,100,000 | $250,000 | $250,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Originated | 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 |
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 | 17 | $13,405,000 | $788,000 | $5,000,000 | $100,000 | $257,000 |
| Other | 8 | $9,763,000 | $1,220,000 | $3,000,000 | $298,000 | $719,000 |
| Collateral | 7 | $8,167,000 | $1,166,000 | $3,575,000 | $235,000 | $508,000 |
| Unverifiable Information | 1 | $1,100,000 | $1,100,000 | $1,100,000 | $250,000 | $250,000 |
| Mortgage Insurance Denied | 1 | $144,000 | $144,000 | $144,000 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into HSBC Mortgage Corp's 2012 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 Mortgage Corp'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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with aggregated HMDA statistics today.
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