HSBC Mortgage Corp Mortgage Lending & HMDA Data, 2009
In 2009, HSBC Mortgage Corp of Depew, NY reported 47,106 mortgage applications totaling $13.7 billion, down 50% from 2008. The average application was for $290,894, and applicants reported an average income of $126,766. 45% of its applications resulted in an originated loan and 10% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (12,549), Buffalo-Niagara Falls, NY (4,494) and Los Angeles-Long Beach-Glendale, CA (2,950) (applications in parentheses).
| Mortgage Company & Address | HSBC Mortgage Corp 2929 Walden Ave Depew, NY 14043 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 47,106 |
| Total Mortgage Loan Application Amount | $13,702,865,000 |
| Average Mortgage Loan Application Amount | $290,894 |
| Highest Mortgage Loan Application Amount | $30,000,000 |
| Average Applicant Income | $126,766 |
| Highest Applicant Income | $9,999,000 |
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Act (HMDA) records HSBC Mortgage Corp filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2009
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 | 28,269 | $8,830,545,000 | $312,000 | $30,000,000 | $136,000 | $9,999,000 |
| Home Purchase | 17,996 | $4,778,173,000 | $265,000 | $9,500,000 | $113,000 | $9,999,000 |
| Home Improvement | 841 | $94,147,000 | $111,000 | $1,900,000 | $111,000 | $6,600,000 |
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 |
|---|---|---|---|---|---|---|
| White | 21,999 | $5,878,583,000 | $267,000 | $15,000,000 | $144,000 | $9,999,000 |
| Not applicable | 7,126 | $1,664,537,000 | $233,000 | $938,000 | $0 | $0 |
| Not Provided | 7,015 | $2,685,499,000 | $382,000 | $30,000,000 | $195,000 | $9,999,000 |
| Asian | 6,708 | $2,476,153,000 | $369,000 | $5,000,000 | $142,000 | $9,972,000 |
| Hispanic | 2,019 | $507,551,000 | $251,000 | $3,135,000 | $126,000 | $9,999,000 |
| Black or African American | 1,873 | $405,201,000 | $216,000 | $13,025,000 | $97,000 | $9,999,000 |
| Native Hawaiian or Other Pacific Islander | 217 | $51,346,000 | $236,000 | $1,500,000 | $102,000 | $731,000 |
| American Indian or Alaskan Native | 149 | $33,995,000 | $228,000 | $1,745,000 | $123,000 | $2,587,000 |
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) | 38,255 | $12,176,479,000 | $318,000 | $30,000,000 | $143,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) | 8,275 | $1,437,081,000 | $173,000 | $1,326,000 | $54,000 | $3,125,000 |
| VA-guaranteed (Veterans Administration) | 502 | $82,225,000 | $163,000 | $812,000 | $71,000 | $984,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 74 | $7,080,000 | $95,000 | $257,000 | $44,000 | $80,000 |
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 Originated | 21,236 | $5,913,758,000 | $278,000 | $14,000,000 | $144,000 | $9,999,000 |
| Loan Purchased By The Institution | 7,126 | $1,664,537,000 | $233,000 | $938,000 | $0 | $0 |
| File Closed For Incompleteness | 6,174 | $2,104,216,000 | $340,000 | $5,000,000 | $181,000 | $9,972,000 |
| Application Denied By Financial Institution | 4,672 | $1,455,696,000 | $311,000 | $15,000,000 | $120,000 | $9,999,000 |
| Application Approved But Not Accepted | 4,485 | $1,339,199,000 | $298,000 | $16,400,000 | $151,000 | $9,999,000 |
| Application Withdrawn By Applicant | 2,966 | $1,104,234,000 | $372,000 | $30,000,000 | $174,000 | $9,999,000 |
| Preapproval Denied by Financial Institution | 447 | $121,225,000 | $271,000 | $3,000,000 | $76,000 | $792,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 2,250 | $624,854,000 | $277,000 | $4,500,000 | $126,000 | $3,614,000 |
| Debt-To-Income Ratio | 1,276 | $503,932,000 | $394,000 | $15,000,000 | $88,000 | $9,999,000 |
| Other | 665 | $196,036,000 | $294,000 | $3,500,000 | $131,000 | $1,800,000 |
| Credit History | 323 | $59,651,000 | $184,000 | $3,000,000 | $104,000 | $3,895,000 |
| Unverifiable Information | 241 | $95,011,000 | $394,000 | $3,000,000 | $146,000 | $1,688,000 |
| Mortgage Insurance Denied | 176 | $43,115,000 | $244,000 | $595,000 | $95,000 | $589,000 |
| Employment History | 104 | $25,011,000 | $240,000 | $2,000,000 | $110,000 | $2,292,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 68 | $24,701,000 | $363,000 | $2,100,000 | $213,000 | $4,928,000 |
| Credit Application Incomplete | 16 | $4,610,000 | $288,000 | $1,050,000 | $145,000 | $792,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into HSBC Mortgage Corp'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 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.
For a list of all lenders in New York, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About