Hudson City Savings Bank Mortgage Lending & HMDA Data, 2010
In 2010, Hudson City Savings Bank of Paramus, NJ reported 15,475 mortgage applications totaling $8.1 billion, down 29% from 2009. The average application was for $526,290, and applicants reported an average income of $219,696. 65% of its applications resulted in an originated loan and 12% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (3,592), Edison-New Brunswick, NJ (2,441) and Bridgeport-Stamford-Norwalk, CT (2,215) (applications in parentheses).
| Mortgage Company & Address | Hudson City Savings Bank West 80 Century Road Paramus, NJ 07652 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 15,475 |
| Total Mortgage Loan Application Amount | $8,144,347,000 |
| Average Mortgage Loan Application Amount | $526,290 |
| Highest Mortgage Loan Application Amount | $3,561,000 |
| Average Applicant Income | $219,696 |
| Highest Applicant Income | $5,420,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Hudson City Savings Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| New York-White Plains-Wayne, NY-NJ | 3,592 | $ 1,797,353,000 | $ 500,376 | $ 212,993 |
| Edison-New Brunswick, NJ | 2,441 | $ 950,343,000 | $ 389,325 | $ 183,000 |
| Bridgeport-Stamford-Norwalk, CT | 2,215 | $ 1,666,222,000 | $ 752,244 | $ 284,000 |
| Nassau-Suffolk, NY | 1,884 | $ 1,163,592,000 | $ 617,617 | $ 285,000 |
| Newark-Union, NJ-PA | 1,739 | $ 778,517,000 | $ 447,680 | $ 200,000 |
| Philadelphia, PA | 1,020 | $ 549,442,000 | $ 538,668 | $ 228,000 |
| Camden, NJ | 322 | $ 106,070,000 | $ 329,409 | $ 179,000 |
| Trenton-Ewing, NJ | 237 | $ 130,016,000 | $ 548,590 | $ 239,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 226 | $ 119,498,000 | $ 528,752 | $ 0 |
| Hartford-West Hartford-East Hartford, CT | 225 | $ 110,030,000 | $ 489,022 | $ 249,000 |
| Ocean City, NJ | 216 | $ 140,231,000 | $ 649,217 | $ 360,000 |
| New Haven-Milford, CT | 188 | $ 84,815,000 | $ 451,143 | $ 190,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 171 | $ 43,899,000 | $ 256,719 | $ 95,263 |
| Poughkeepsie-Newburgh-Middletown, NY | 128 | $ 51,826,000 | $ 404,890 | $ 218,000 |
| Chicago-Joliet-Naperville, IL | 117 | $ 53,257,000 | $ 455,188 | $ 0 |
| Atlantic City-Hammonton, NJ | 90 | $ 44,746,000 | $ 497,177 | $ 296,000 |
| Norwich-New London, CT | 53 | $ 29,104,000 | $ 549,132 | $ 303,000 |
| Lancaster, PA | 48 | $ 12,281,000 | $ 255,854 | $ 73,000 |
| Baltimore-Towson, MD | 42 | $ 25,219,000 | $ 600,452 | $ 0 |
| Bethesda-Rockville-Frederick, MD | 41 | $ 22,771,000 | $ 555,390 | $ 0 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 40 | $ 23,155,000 | $ 578,875 | $ 0 |
| Reading, PA | 37 | $ 4,649,000 | $ 125,648 | $ 3,000 |
| Cambridge-Newton-Framingham, MA | 23 | $ 14,000,000 | $ 608,695 | $ 0 |
| Lake County-Kenosha County, IL-WI | 17 | $ 8,564,000 | $ 503,764 | $ 0 |
| St. Louis, MO-IL | 16 | $ 7,311,000 | $ 456,937 | $ 0 |
| Chattanooga, TN-GA | 12 | $ 9,688,000 | $ 807,333 | $ 0 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 11 | $ 7,799,000 | $ 709,000 | $ 0 |
| Boston-Quincy, MA | 7 | $ 4,597,000 | $ 656,714 | $ 0 |
| Kansas City, MO-KS | 7 | $ 4,707,000 | $ 672,428 | $ 0 |
| Memphis, TN-MS-AR | 7 | $ 4,984,000 | $ 712,000 | $ 0 |
| Raleigh-Cary, NC | 7 | $ 2,950,000 | $ 421,428 | $ 0 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 6 | $ 2,839,000 | $ 473,166 | $ 0 |
| Wilmington, DE-MD-NJ | 6 | $ 2,346,000 | $ 391,000 | $ 39,500 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 5 | $ 3,496,000 | $ 699,200 | $ 0 |
| Knoxville, TN | 5 | $ 3,486,000 | $ 697,200 | $ 0 |
| Vineland-Millville-Bridgeton, NJ | 5 | $ 1,107,000 | $ 221,400 | $ 168,000 |
| Buffalo-Niagara Falls, NY | 4 | $ 1,652,000 | $ 413,000 | $ 0 |
| Charleston-North Charleston-Summerville, SC | 4 | $ 1,860,000 | $ 465,000 | $ 0 |
| Columbia, SC | 4 | $ 2,399,000 | $ 599,750 | $ 0 |
| Indianapolis-Carmel, IN | 4 | $ 2,577,000 | $ 644,250 | $ 0 |
| Providence-New Bedford-Fall River, RI-MA | 4 | $ 1,903,000 | $ 475,750 | $ 0 |
| Wilmington, NC | 4 | $ 2,057,000 | $ 514,250 | $ 0 |
| Charlottesville, VA | 3 | $ 1,134,000 | $ 378,000 | $ 0 |
| Harrisburg-Carlisle, PA | 3 | $ 1,490,000 | $ 496,666 | $ 0 |
| Milwaukee-Waukesha-West Allis, WI | 3 | $ 1,084,000 | $ 361,333 | $ 0 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 3 | $ 854,000 | $ 284,666 | $ 0 |
| Peabody, MA | 3 | $ 2,340,000 | $ 780,000 | $ 0 |
| Albany-Schenectady-Troy, NY | 2 | $ 554,000 | $ 277,000 | $ 0 |
| Cincinnati-Middletown, OH-KY-IN | 2 | $ 557,000 | $ 278,500 | $ 0 |
| Oshkosh-Neenah, WI | 2 | $ 207,000 | $ 103,500 | $ 0 |
| Pittsburgh, PA | 2 | $ 968,000 | $ 484,000 | $ 0 |
| Richmond, VA | 2 | $ 1,632,000 | $ 816,000 | $ 0 |
| Winston-Salem, NC | 2 | $ 1,255,000 | $ 627,500 | $ 0 |
| Worcester, MA | 2 | $ 638,000 | $ 319,000 | $ 0 |
| Ann Arbor, MI | 1 | $ 438,000 | $ 438,000 | $ 0 |
| Binghamton, NY | 1 | $ 85,000 | $ 85,000 | $ 0 |
| Burlington-South Burlington, VT | 1 | $ 432,000 | $ 432,000 | $ 0 |
| Des Moines-West Des Moines, IA | 1 | $ 190,000 | $ 190,000 | $ 0 |
| Durham-Chapel Hill, NC | 1 | $ 304,000 | $ 304,000 | $ 0 |
| Evansville, IN-KY | 1 | $ 504,000 | $ 504,000 | $ 0 |
| Fayetteville-Springdale-Rogers, AR-MO | 1 | $ 698,000 | $ 698,000 | $ 0 |
| Fort Smith, AR-OK | 1 | $ 23,000 | $ 23,000 | $ 0 |
| Jefferson City, MO | 1 | $ 704,000 | $ 704,000 | $ 0 |
| Johnson City, TN | 1 | $ 630,000 | $ 630,000 | $ 0 |
| Lincoln, NE | 1 | $ 544,000 | $ 544,000 | $ 0 |
| Little Rock-North Little Rock-Conway, AR | 1 | $ 996,000 | $ 996,000 | $ 0 |
| Louisville-Jefferson County, KY-IN | 1 | $ 909,000 | $ 909,000 | $ 0 |
| Lynchburg, VA | 1 | $ 489,000 | $ 489,000 | $ 0 |
| Madison, WI | 1 | $ 16,000 | $ 16,000 | $ 0 |
| Manchester-Nashua, NH | 1 | $ 197,000 | $ 197,000 | $ 0 |
| Morristown, TN | 1 | $ 504,000 | $ 504,000 | $ 0 |
| Omaha-Council Bluffs, NE-IA | 1 | $ 674,000 | $ 674,000 | $ 0 |
| Portland-South Portland-Biddeford, ME | 1 | $ 485,000 | $ 485,000 | $ 0 |
| Rapid City, SD | 1 | $ 674,000 | $ 674,000 | $ 0 |
| Rochester, NY | 1 | $ 664,000 | $ 664,000 | $ 0 |
| Springfield, MA | 1 | $ 466,000 | $ 466,000 | $ 0 |
| Syracuse, NY | 1 | $ 117,000 | $ 117,000 | $ 0 |
| Toledo, OH | 1 | $ 533,000 | $ 533,000 | $ 0 |
| Tulsa, OK | 1 | $ 484,000 | $ 484,000 | $ 0 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 871,000 | $ 871,000 | $ 0 |
Mortgage Loan Application Detail Totals for Hudson City Savings Bank in 2010
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 | 8,540 | $4,929,764,000 | $577,000 | $3,561,000 | $234,000 | $5,420,000 |
| Home Purchase | 5,700 | $2,780,898,000 | $487,000 | $3,000,000 | $206,000 | $4,800,000 |
| Home Improvement | 1,235 | $433,685,000 | $351,000 | $3,000,000 | $184,000 | $5,397,000 |
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 | 10,053 | $5,717,791,000 | $568,000 | $3,200,000 | $268,000 | $5,420,000 |
| Not applicable | 2,420 | $875,973,000 | $361,000 | $3,561,000 | $0 | $803,000 |
| Asian | 1,353 | $608,887,000 | $450,000 | $2,800,000 | $198,000 | $3,539,000 |
| Not Provided | 1,111 | $710,120,000 | $639,000 | $3,000,000 | $303,000 | $5,040,000 |
| Hispanic | 316 | $132,829,000 | $420,000 | $2,421,000 | $186,000 | $3,281,000 |
| Black or African American | 188 | $76,625,000 | $407,000 | $3,000,000 | $179,000 | $889,000 |
| Native Hawaiian or Other Pacific Islander | 18 | $11,323,000 | $629,000 | $1,500,000 | $255,000 | $848,000 |
| American Indian or Alaskan Native | 16 | $10,799,000 | $674,000 | $2,000,000 | $256,000 | $680,000 |
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) | 15,475 | $8,144,347,000 | $526,000 | $3,561,000 | $220,000 | $5,420,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $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 Originated | 10,014 | $5,746,899,000 | $573,000 | $3,000,000 | $266,000 | $5,420,000 |
| Loan Purchased By The Institution | 2,240 | $755,264,000 | $337,000 | $3,561,000 | $0 | $0 |
| Application Denied By Financial Institution | 1,920 | $944,923,000 | $492,000 | $3,200,000 | $200,000 | $4,500,000 |
| Application Approved But Not Accepted | 648 | $382,839,000 | $590,000 | $2,850,000 | $291,000 | $3,767,000 |
| File Closed For Incompleteness | 556 | $278,423,000 | $500,000 | $3,000,000 | $249,000 | $5,040,000 |
| Application Withdrawn By Applicant | 97 | $35,999,000 | $371,000 | $1,500,000 | $216,000 | $1,977,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 545 | $238,453,000 | $437,000 | $2,950,000 | $176,000 | $2,000,000 |
| Collateral | 516 | $327,494,000 | $634,000 | $3,200,000 | $294,000 | $3,335,000 |
| Debt-To-Income Ratio | 511 | $238,304,000 | $466,000 | $2,220,000 | $134,000 | $1,110,000 |
| Credit History | 232 | $93,083,000 | $401,000 | $2,500,000 | $198,000 | $4,500,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 77 | $29,030,000 | $377,000 | $1,500,000 | $140,000 | $536,000 |
| Employment History | 15 | $7,189,000 | $479,000 | $1,500,000 | $175,000 | $415,000 |
| Unverifiable Information | 14 | $5,836,000 | $416,000 | $1,500,000 | $181,000 | $840,000 |
| Credit Application Incomplete | 10 | $5,534,000 | $553,000 | $1,600,000 | $514,000 | $3,576,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Hudson City Savings Bank's 2010 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 Hudson City Savings 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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