HSBC Mortgage Services, Inc. Mortgage Lending & HMDA Data, 2008
In 2008, HSBC Mortgage Services, Inc. of Mettawa, IL reported 740 mortgage applications totaling $107.9 million, down 97% from 2007. The average application was for $145,791, and applicants reported an average income of $50,447. 4% of its applications resulted in an originated loan and 61% were denied. Its largest markets were Cleveland-Elyria-Mentor, OH (141), Columbus, OH (94) and Cincinnati-Middletown, OH-KY-IN (86) (applications in parentheses).
| Mortgage Company & Address | HSBC Mortgage Services, Inc. 26525 North Riverwoods Blvd. Mettawa, IL 60045 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 |
| Total Number of Mortgage Applications | 740 |
| Total Mortgage Loan Application Amount | $107,886,000 |
| Average Mortgage Loan Application Amount | $145,791 |
| Highest Mortgage Loan Application Amount | $732,000 |
| Average Applicant Income | $50,447 |
| Highest Applicant Income | $798,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records HSBC Mortgage Services, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Services, Inc. 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 |
|---|---|---|---|---|---|---|
| Refinancing | 677 | $96,694,000 | $142,000 | $650,000 | $53,000 | $798,000 |
| Home Purchase | 38 | $7,661,000 | $201,000 | $732,000 | $0 | $0 |
| Home Improvement | 25 | $3,531,000 | $141,000 | $445,000 | $58,000 | $128,000 |
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 | 432 | $61,775,000 | $142,000 | $650,000 | $57,000 | $798,000 |
| Not Provided | 107 | $14,764,000 | $137,000 | $556,000 | $53,000 | $230,000 |
| Black or African American | 95 | $11,759,000 | $123,000 | $606,000 | $51,000 | $145,000 |
| Not applicable | 74 | $14,872,000 | $200,000 | $732,000 | $0 | $0 |
| Hispanic | 21 | $2,478,000 | $118,000 | $263,000 | $61,000 | $360,000 |
| Asian | 9 | $1,862,000 | $206,000 | $445,000 | $65,000 | $120,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $376,000 | $188,000 | $195,000 | $68,000 | $78,000 |
| 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) | 725 | $105,639,000 | $145,000 | $732,000 | $50,000 | $798,000 |
| FHA-insured (Federal Housing Administration) | 15 | $2,247,000 | $149,000 | $235,000 | $70,000 | $149,000 |
| 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 | 453 | $64,334,000 | $142,000 | $650,000 | $52,000 | $197,000 |
| Application Withdrawn By Applicant | 175 | $24,003,000 | $137,000 | $497,000 | $66,000 | $798,000 |
| Loan Purchased By The Institution | 74 | $14,872,000 | $200,000 | $732,000 | $0 | $0 |
| Loan Originated | 28 | $3,402,000 | $121,000 | $314,000 | $54,000 | $120,000 |
| Application Approved But Not Accepted | 10 | $1,275,000 | $127,000 | $301,000 | $55,000 | $81,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into HSBC Mortgage Services, Inc.'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 Mortgage Services, Inc.'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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