Hudson Valley Bank N.A. Mortgage Lending & HMDA Data, 2012
In 2012, Hudson Valley Bank N.A. of Yonkers, NY reported 59 mortgage applications totaling $63.9 million, down 52% from 2011. The average application was for $1,082,474, and applicants reported an average income of $469,983. 17% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Bridgeport-Stamford-Norwalk, CT (32), New York-White Plains-Wayne, NY-NJ (22) and Nassau-Suffolk, NY (2) (applications in parentheses).
| Mortgage Company & Address | Hudson Valley Bank N.A. 21 Scarsdale Road Yonkers, NY 10707 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2014 2013 2012 2011 2010 2009 2008 2007 |
| Total Number of Mortgage Applications | 59 |
| Total Mortgage Loan Application Amount | $63,866,000 |
| Average Mortgage Loan Application Amount | $1,082,474 |
| Highest Mortgage Loan Application Amount | $5,500,000 |
| Average Applicant Income | $469,983 |
| Highest Applicant Income | $4,218,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Hudson Valley Bank N.A. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Hudson Valley Bank N.A. 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 |
|---|---|---|---|---|---|---|
| Refinancing | 35 | $44,810,000 | $1,280,000 | $5,500,000 | $597,000 | $4,218,000 |
| Home Purchase | 22 | $18,506,000 | $841,000 | $2,670,000 | $296,000 | $2,454,000 |
| Home Improvement | 2 | $550,000 | $275,000 | $300,000 | $161,000 | $323,000 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 51 | $61,544,000 | $1,206,000 | $5,500,000 | $530,000 | $4,218,000 |
| White | 6 | $2,076,000 | $346,000 | $456,000 | $112,000 | $323,000 |
| Hispanic | 2 | $246,000 | $123,000 | $196,000 | $30,000 | $60,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 59 | $63,866,000 | $1,082,000 | $5,500,000 | $470,000 | $4,218,000 |
| 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 Purchased By The Institution | 38 | $46,034,000 | $1,211,000 | $3,000,000 | $711,000 | $4,218,000 |
| Loan Originated | 10 | $6,918,000 | $691,000 | $2,670,000 | $64,000 | $323,000 |
| Application Withdrawn By Applicant | 6 | $2,878,000 | $479,000 | $1,000,000 | $16,000 | $60,000 |
| Application Approved But Not Accepted | 3 | $1,236,000 | $412,000 | $750,000 | $0 | $0 |
| Application Denied By Financial Institution | 2 | $6,800,000 | $3,400,000 | $5,500,000 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 1 | $1,300,000 | $1,300,000 | $1,300,000 | $0 | $0 |
| Collateral | 1 | $5,500,000 | $5,500,000 | $5,500,000 | $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 |
| 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 Hudson Valley Bank N.A.'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 Hudson Valley Bank N.A.'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.
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