Hudson City Savings Bank Mortgage Lending & HMDA Data, 2011
In 2011, Hudson City Savings Bank of Paramus, NJ reported 12,684 mortgage applications totaling $6.6 billion. The average application was for $521,307, and applicants reported an average income of $234,271. 66% of its applications resulted in an originated loan and 13% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (3,839), Edison-New Brunswick, NJ (1,784) and Nassau-Suffolk, NY (1,438) (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 | 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 12,684 |
| Total Mortgage Loan Application Amount | $6,612,262,000 |
| Average Mortgage Loan Application Amount | $521,307 |
| Highest Mortgage Loan Application Amount | $3,800,000 |
| Average Applicant Income | $234,271 |
| Highest Applicant Income | $5,706,000 |
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(HMDA) records Hudson City Savings Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Fairfield, Connecticut | 1,350 | $ 976,977,000 | $ 723,686 | $ 282,000 |
| Bergen, New Jersey | 1,253 | $ 606,224,000 | $ 483,818 | $ 221,000 |
| Suffolk, New York | 801 | $ 488,689,000 | $ 610,098 | $ 285,000 |
| Westchester, New York | 668 | $ 440,543,000 | $ 659,495 | $ 310,000 |
| Monmouth, New Jersey | 653 | $ 329,117,000 | $ 504,007 | $ 254,000 |
| Nassau, New York | 637 | $ 385,221,000 | $ 604,742 | $ 272,000 |
| Ocean, New Jersey | 589 | $ 167,437,000 | $ 284,273 | $ 155,000 |
| Morris, New Jersey | 504 | $ 246,250,000 | $ 488,591 | $ 220,000 |
| Kings, New York | 446 | $ 297,971,000 | $ 668,096 | $ 254,000 |
| Essex, New Jersey | 401 | $ 194,579,000 | $ 485,234 | $ 225,000 |
| Philadelphia, Pennsylvania | 350 | $ 109,428,000 | $ 312,651 | $ 143,000 |
| New York, New York | 343 | $ 305,662,000 | $ 891,142 | $ 362,000 |
| Montgomery, Pennsylvania | 320 | $ 179,491,000 | $ 560,909 | $ 271,000 |
| Middlesex, New Jersey | 315 | $ 83,801,000 | $ 266,034 | $ 118,000 |
| Queens, New York | 311 | $ 143,825,000 | $ 462,459 | $ 168,000 |
| Hudson, New Jersey | 303 | $ 119,960,000 | $ 395,907 | $ 193,000 |
| Bucks, Pennsylvania | 282 | $ 143,971,000 | $ 510,535 | $ 230,000 |
| Union, New Jersey | 256 | $ 118,754,000 | $ 463,882 | $ 207,000 |
| Somerset, New Jersey | 227 | $ 114,298,000 | $ 503,515 | $ 233,000 |
| Delaware, Pennsylvania | 226 | $ 111,969,000 | $ 495,438 | $ 229,000 |
| Mercer, New Jersey | 211 | $ 103,315,000 | $ 489,644 | $ 235,000 |
| Chester, Pennsylvania | 211 | $ 132,177,000 | $ 626,431 | $ 261,000 |
| Passaic, New Jersey | 171 | $ 47,759,000 | $ 279,292 | $ 135,000 |
| Richmond, New York | 167 | $ 70,828,000 | $ 424,119 | $ 168,000 |
| Cape May, New Jersey | 162 | $ 102,058,000 | $ 629,987 | $ 391,000 |
| New Haven, Connecticut | 135 | $ 66,947,000 | $ 495,903 | $ 279,000 |
| Rockland, New York | 118 | $ 48,483,000 | $ 410,872 | $ 192,000 |
| Lehigh, Pennsylvania | 118 | $ 21,724,000 | $ 184,101 | $ 72,000 |
| Burlington, New Jersey | 109 | $ 44,597,000 | $ 409,146 | $ 250,000 |
| Hartford, Connecticut | 98 | $ 45,176,000 | $ 460,979 | $ 237,000 |
| Litchfield, Connecticut | 95 | $ 68,005,000 | $ 715,842 | $ 341,000 |
| Camden, New Jersey | 91 | $ 27,271,000 | $ 299,681 | $ 175,000 |
| Hunterdon, New Jersey | 80 | $ 28,827,000 | $ 360,337 | $ 186,000 |
| Atlantic, New Jersey | 76 | $ 38,236,000 | $ 503,105 | $ 317,000 |
| Berks, Pennsylvania | 74 | $ 14,467,000 | $ 195,500 | $ 72,000 |
| Northampton, Pennsylvania | 71 | $ 13,346,000 | $ 187,971 | $ 74,000 |
| Lancaster, Pennsylvania | 70 | $ 11,175,000 | $ 159,642 | $ 56,000 |
| Sussex, New Jersey | 53 | $ 16,480,000 | $ 310,943 | $ 164,000 |
| Putnam, New York | 35 | $ 13,840,000 | $ 395,428 | $ 200,000 |
| Warren, New Jersey | 34 | $ 6,343,000 | $ 186,558 | $ 106,000 |
| Dutchess, New York | 34 | $ 14,470,000 | $ 425,588 | $ 235,000 |
| Middlesex, Connecticut | 33 | $ 15,562,000 | $ 471,575 | $ 229,000 |
| Orange, New York | 33 | $ 9,745,000 | $ 295,303 | $ 147,000 |
| Gloucester, New Jersey | 29 | $ 6,482,000 | $ 223,517 | $ 137,000 |
| New London, Connecticut | 25 | $ 14,077,000 | $ 563,080 | $ 296,000 |
| Bronx, New York | 24 | $ 10,689,000 | $ 445,375 | $ 182,000 |
| Cook, Illinois | 17 | $ 12,367,000 | $ 727,470 | $ 0 |
| Columbia, New York | 11 | $ 5,763,000 | $ 523,909 | $ 376,000 |
| Lake, Illinois | 9 | $ 5,716,000 | $ 635,111 | $ 0 |
| Hennepin, Minnesota | 7 | $ 4,473,000 | $ 639,000 | $ 0 |
| Worcester, Maryland | 4 | $ 2,938,000 | $ 734,500 | $ 0 |
| Salem, New Jersey | 4 | $ 1,336,000 | $ 334,000 | $ 171,000 |
| Windham, Connecticut | 3 | $ 942,000 | $ 314,000 | $ 166,000 |
| DuPage, Illinois | 2 | $ 1,733,000 | $ 866,500 | $ 0 |
| Middlesex, Massachusetts | 2 | $ 1,122,000 | $ 561,000 | $ 156,000 |
| Plymouth, Massachusetts | 2 | $ 1,163,000 | $ 581,500 | $ 0 |
| Worcester, Massachusetts | 2 | $ 1,081,000 | $ 540,500 | $ 0 |
| Washington, Minnesota | 2 | $ 1,131,000 | $ 565,500 | $ 0 |
| St. Louis, Missouri | 2 | $ 1,204,000 | $ 602,000 | $ 0 |
| Cumberland, New Jersey | 2 | $ 338,000 | $ 169,000 | $ 79,000 |
| Knox, Tennessee | 2 | $ 1,708,000 | $ 854,000 | $ 0 |
| Tolland, Connecticut | 1 | $ 200,000 | $ 200,000 | $ 187,000 |
| District of Columbia, District Of Columbia | 1 | $ 633,000 | $ 633,000 | $ 0 |
| Hamilton, Indiana | 1 | $ 595,000 | $ 595,000 | $ 0 |
| Lake, Indiana | 1 | $ 615,000 | $ 615,000 | $ 0 |
| Cumberland, Maine | 1 | $ 500,000 | $ 500,000 | $ 0 |
| Howard, Maryland | 1 | $ 640,000 | $ 640,000 | $ 0 |
| Montgomery, Maryland | 1 | $ 980,000 | $ 980,000 | $ 0 |
| Talbot, Maryland | 1 | $ 491,000 | $ 491,000 | $ 0 |
| Wright, Minnesota | 1 | $ 572,000 | $ 572,000 | $ 0 |
| Forsyth, North Carolina | 1 | $ 500,000 | $ 500,000 | $ 0 |
| Union, North Carolina | 1 | $ 490,000 | $ 490,000 | $ 0 |
| Monroe, Pennsylvania | 1 | $ 532,000 | $ 532,000 | $ 307,000 |
| Kent, Rhode Island | 1 | $ 572,000 | $ 572,000 | $ 0 |
| Beaufort, South Carolina | 1 | $ 650,000 | $ 650,000 | $ 0 |
| Hamilton, Tennessee | 1 | $ 885,000 | $ 885,000 | $ 0 |
| Loudon, Tennessee | 1 | $ 960,000 | $ 960,000 | $ 0 |
| Sumner, Tennessee | 1 | $ 593,000 | $ 593,000 | $ 0 |
| Williamson, Tennessee | 1 | $ 483,000 | $ 483,000 | $ 0 |
| Windsor, Vermont | 1 | $ 625,000 | $ 625,000 | $ 0 |
| Chesterfield, Virginia | 1 | $ 544,000 | $ 544,000 | $ 0 |
| Monongalia, West Virginia | 1 | $ 941,000 | $ 941,000 | $ 0 |
Mortgage Loan Application Detail Totals for Hudson City Savings Bank in 2011
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 | 6,400 | $3,744,118,000 | $585,000 | $3,800,000 | $262,000 | $5,706,000 |
| Home Purchase | 5,037 | $2,376,417,000 | $471,000 | $3,000,000 | $210,000 | $3,498,000 |
| Home Improvement | 1,247 | $491,727,000 | $394,000 | $2,595,000 | $190,000 | $3,136,000 |
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 | 8,383 | $4,834,750,000 | $576,000 | $3,800,000 | $272,000 | $5,382,000 |
| Not applicable | 1,672 | $424,517,000 | $253,000 | $3,000,000 | $49,000 | $569,000 |
| Asian | 1,262 | $592,605,000 | $469,000 | $2,350,000 | $201,000 | $2,400,000 |
| Not Provided | 954 | $580,184,000 | $608,000 | $2,500,000 | $288,000 | $5,706,000 |
| Hispanic | 268 | $113,623,000 | $423,000 | $1,875,000 | $186,000 | $1,654,000 |
| Black or African American | 112 | $51,471,000 | $459,000 | $2,150,000 | $195,000 | $1,023,000 |
| American Indian or Alaskan Native | 22 | $10,285,000 | $467,000 | $1,000,000 | $187,000 | $350,000 |
| Native Hawaiian or Other Pacific Islander | 11 | $4,827,000 | $438,000 | $1,000,000 | $290,000 | $1,137,000 |
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) | 12,684 | $6,612,262,000 | $521,000 | $3,800,000 | $234,000 | $5,706,000 |
| 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 | 8,320 | $4,785,473,000 | $575,000 | $3,160,000 | $271,000 | $5,706,000 |
| Application Denied By Financial Institution | 1,692 | $849,949,000 | $502,000 | $3,800,000 | $196,000 | $4,636,000 |
| Loan Purchased By The Institution | 1,525 | $334,940,000 | $219,000 | $1,300,000 | $53,000 | $478,000 |
| Application Approved But Not Accepted | 626 | $354,035,000 | $565,000 | $2,837,000 | $267,000 | $5,382,000 |
| File Closed For Incompleteness | 433 | $253,395,000 | $585,000 | $2,340,000 | $273,000 | $2,725,000 |
| Application Withdrawn By Applicant | 88 | $34,470,000 | $391,000 | $2,150,000 | $229,000 | $1,400,000 |
| 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 | 532 | $254,563,000 | $478,000 | $2,200,000 | $209,000 | $4,636,000 |
| Debt-To-Income Ratio | 435 | $215,163,000 | $494,000 | $3,800,000 | $136,000 | $1,440,000 |
| Collateral | 399 | $235,759,000 | $590,000 | $3,000,000 | $270,000 | $3,577,000 |
| Credit History | 253 | $115,693,000 | $457,000 | $3,000,000 | $168,000 | $1,560,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 37 | $12,270,000 | $331,000 | $908,000 | $139,000 | $276,000 |
| Unverifiable Information | 14 | $6,872,000 | $490,000 | $920,000 | $194,000 | $686,000 |
| Credit Application Incomplete | 14 | $6,499,000 | $464,000 | $1,000,000 | $141,000 | $323,000 |
| Employment History | 8 | $3,130,000 | $391,000 | $715,000 | $146,000 | $360,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Hudson City Savings Bank's 2011 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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