Intervale Mortgage Mortgage Lending & HMDA Data, 2006
In 2006, Intervale Mortgage of Cranston, RI reported 30,321 mortgage applications totaling $3.8 billion, down 14% from 2005. The average application was for $126,616, and applicants reported an average income of $67,374. 54% of its applications resulted in an originated loan and 22% were denied. Its largest markets were St. Louis, MO-IL (2,630), Baltimore-Towson, MD (1,845) and Washington-Arlington-Alexandria, DC-VA-MD-WV (1,833) (applications in parentheses).
| Mortgage Company & Address | Intervale Mortgage 815 Reservoir Ave Cranston, RI 02910 |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 |
| Total Number of Mortgage Applications | 30,321 |
| Total Mortgage Loan Application Amount | $3,839,138,000 |
| Average Mortgage Loan Application Amount | $126,616 |
| Highest Mortgage Loan Application Amount | $960,000 |
| Average Applicant Income | $67,374 |
| Highest Applicant Income | $1,353,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Intervale Mortgage filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| St. Louis, MO-IL | 2,630 | $ 293,136,000 | $ 111,458 | $ 62,033 |
| Baltimore-Towson, MD | 1,845 | $ 318,292,000 | $ 172,515 | $ 80,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1,833 | $ 419,850,000 | $ 229,050 | $ 91,000 |
| Chicago-Naperville-Joliet, IL | 1,805 | $ 244,753,000 | $ 135,597 | $ 77,000 |
| Kansas City, MO-KS | 1,673 | $ 191,410,000 | $ 114,411 | $ 66,273 |
| Cincinnati-Middletown, OH-KY-IN | 1,453 | $ 164,385,000 | $ 113,134 | $ 62,000 |
| Cleveland-Elyria-Mentor, OH | 1,217 | $ 143,735,000 | $ 118,105 | $ 70,000 |
| Columbus, OH | 1,087 | $ 134,326,000 | $ 123,574 | $ 65,000 |
| Milwaukee-Waukesha-West Allis, WI | 1,060 | $ 128,330,000 | $ 121,066 | $ 61,000 |
| Detroit-Livonia-Dearborn, MI | 777 | $ 77,507,000 | $ 99,751 | $ 60,000 |
| Toledo, OH | 700 | $ 72,983,000 | $ 104,261 | $ 64,000 |
| Akron, OH | 663 | $ 65,783,000 | $ 99,220 | $ 57,000 |
| Bethesda-Gaithersburg-Frederick, MD | 624 | $ 148,565,000 | $ 238,084 | $ 100,000 |
| Warren-Troy-Farmington Hills, MI | 606 | $ 88,917,000 | $ 146,727 | $ 81,000 |
| Dayton, OH | 420 | $ 43,355,000 | $ 103,226 | $ 58,000 |
| Wichita, KS | 379 | $ 36,009,000 | $ 95,010 | $ 59,000 |
| Des Moines-West Des Moines, IA | 304 | $ 32,760,000 | $ 107,763 | $ 67,000 |
| Canton-Massillon, OH | 303 | $ 27,961,000 | $ 92,280 | $ 59,000 |
| Springfield, MO | 302 | $ 28,875,000 | $ 95,612 | $ 71,000 |
| Davenport-Moline-Rock Island, IA-IL | 267 | $ 22,332,000 | $ 83,640 | $ 64,610 |
| Flint, MI | 265 | $ 29,781,000 | $ 112,381 | $ 62,000 |
| Youngstown-Warren-Boardman, OH-PA | 254 | $ 21,675,000 | $ 85,334 | $ 57,000 |
| Grand Rapids-Wyoming, MI | 231 | $ 23,416,000 | $ 101,367 | $ 58,000 |
| Joplin, MO | 226 | $ 19,239,000 | $ 85,128 | $ 56,000 |
| Lake County-Kenosha County, IL-WI | 201 | $ 28,999,000 | $ 144,273 | $ 81,328 |
| Lansing-East Lansing, MI | 196 | $ 21,968,000 | $ 112,081 | $ 64,000 |
| Madison, WI | 182 | $ 27,882,000 | $ 153,197 | $ 72,000 |
| Cedar Rapids, IA | 157 | $ 15,178,000 | $ 96,675 | $ 57,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 120 | $ 22,002,000 | $ 183,350 | $ 94,691 |
| Topeka, KS | 113 | $ 10,247,000 | $ 90,681 | $ 58,000 |
| Green Bay, WI | 111 | $ 13,323,000 | $ 120,027 | $ 72,000 |
| Janesville, WI | 107 | $ 10,742,000 | $ 100,392 | $ 51,000 |
| St. Joseph, MO-KS | 106 | $ 8,839,000 | $ 83,386 | $ 52,320 |
| Kalamazoo-Portage, MI | 104 | $ 11,662,000 | $ 112,134 | $ 61,000 |
| Racine, WI | 100 | $ 13,570,000 | $ 135,700 | $ 71,000 |
| Omaha-Council Bluffs, NE-IA | 99 | $ 8,808,000 | $ 88,969 | $ 53,000 |
| Monroe, MI | 94 | $ 12,180,000 | $ 129,574 | $ 70,000 |
| Ann Arbor, MI | 84 | $ 14,550,000 | $ 173,214 | $ 84,000 |
| Jackson, MI | 83 | $ 9,641,000 | $ 116,156 | $ 64,000 |
| Peoria, IL | 83 | $ 6,321,000 | $ 76,156 | $ 56,000 |
| Springfield, OH | 76 | $ 7,988,000 | $ 105,105 | $ 55,000 |
| Eau Claire, WI | 74 | $ 9,046,000 | $ 122,243 | $ 54,000 |
| Jefferson City, MO | 73 | $ 5,987,000 | $ 82,013 | $ 54,000 |
| Salisbury, MD | 71 | $ 10,684,000 | $ 150,478 | $ 65,000 |
| Hagerstown-Martinsburg, MD-WV | 68 | $ 13,155,000 | $ 193,455 | $ 77,000 |
| Wilmington, DE-MD-NJ | 68 | $ 12,302,000 | $ 180,911 | $ 79,000 |
| New York-White Plains-Wayne, NY-NJ | 65 | $ 29,024,000 | $ 446,523 | $ 118,000 |
| Appleton, WI | 61 | $ 6,836,000 | $ 112,065 | $ 60,000 |
| Columbia, MO | 60 | $ 6,407,000 | $ 106,783 | $ 77,000 |
| Muskegon-Norton Shores, MI | 60 | $ 5,145,000 | $ 85,750 | $ 48,000 |
| Sioux City, IA-NE-SD | 60 | $ 4,416,000 | $ 73,600 | $ 49,000 |
| Battle Creek, MI | 58 | $ 5,835,000 | $ 100,603 | $ 54,000 |
| Portland-South Portland-Biddeford, ME | 58 | $ 12,999,000 | $ 224,120 | $ 73,000 |
| Holland-Grand Haven, MI | 57 | $ 7,135,000 | $ 125,175 | $ 76,000 |
| Dubuque, IA | 56 | $ 5,687,000 | $ 101,553 | $ 58,000 |
| Sandusky, OH | 56 | $ 6,178,000 | $ 110,321 | $ 63,000 |
| Mansfield, OH | 55 | $ 5,982,000 | $ 108,763 | $ 61,000 |
| Nassau-Suffolk, NY | 51 | $ 20,584,000 | $ 403,607 | $ 115,000 |
| Saginaw-Saginaw Township North, MI | 51 | $ 4,515,000 | $ 88,529 | $ 63,000 |
| Wausau, WI | 51 | $ 6,021,000 | $ 118,058 | $ 63,000 |
| Buffalo-Niagara Falls, NY | 49 | $ 5,130,000 | $ 104,693 | $ 52,000 |
| Waterloo-Cedar Falls, IA | 48 | $ 4,992,000 | $ 104,000 | $ 82,000 |
| Bay City, MI | 46 | $ 3,990,000 | $ 86,739 | $ 52,000 |
| Oshkosh-Neenah, WI | 44 | $ 4,231,000 | $ 96,159 | $ 60,000 |
| Rochester, NY | 44 | $ 4,778,000 | $ 108,590 | $ 72,000 |
| Springfield, IL | 44 | $ 2,960,000 | $ 67,272 | $ 56,000 |
| Lima, OH | 43 | $ 3,466,000 | $ 80,604 | $ 41,000 |
| Fond Du Lac, WI | 42 | $ 4,053,000 | $ 96,500 | $ 59,000 |
| La Crosse, WI-MN | 42 | $ 5,700,000 | $ 135,714 | $ 89,000 |
| Niles-Benton Harbor, MI | 41 | $ 4,268,000 | $ 104,097 | $ 54,000 |
| Albany-Schenectady-Troy, NY | 40 | $ 6,767,000 | $ 169,175 | $ 67,000 |
| Rockford, IL | 39 | $ 4,041,000 | $ 103,615 | $ 67,000 |
| Sheboygan, WI | 37 | $ 5,457,000 | $ 147,486 | $ 70,000 |
| Duluth, MN-WI | 34 | $ 2,786,000 | $ 81,941 | $ 56,000 |
| Wheeling, WV-OH | 31 | $ 2,542,000 | $ 82,000 | $ 44,000 |
| Cumberland, MD-WV | 30 | $ 2,731,000 | $ 91,033 | $ 52,000 |
| Lawrence, KS | 29 | $ 4,847,000 | $ 167,137 | $ 94,000 |
| Iowa City, IA | 27 | $ 3,657,000 | $ 135,444 | $ 103,000 |
| Champaign-Urbana, IL | 26 | $ 2,842,000 | $ 109,307 | $ 69,000 |
| Binghamton, NY | 24 | $ 2,170,000 | $ 90,416 | $ 44,000 |
| Bangor, ME | 23 | $ 3,344,000 | $ 145,391 | $ 61,000 |
| Weirton-Steubenville, WV-OH | 23 | $ 2,073,000 | $ 90,130 | $ 54,000 |
| Lewiston-Auburn, ME | 19 | $ 2,697,000 | $ 141,947 | $ 46,000 |
| Decatur, IL | 18 | $ 1,107,000 | $ 61,500 | $ 57,000 |
| Cheyenne, WY | 17 | $ 601,000 | $ 35,352 | $ 63,000 |
| Kankakee-Bradley, IL | 16 | $ 1,434,000 | $ 89,625 | $ 47,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 16 | $ 3,949,000 | $ 246,812 | $ 77,000 |
| Bloomington-Normal, IL | 15 | $ 1,908,000 | $ 127,200 | $ 86,000 |
| Syracuse, NY | 15 | $ 1,866,000 | $ 124,400 | $ 55,000 |
| Casper, WY | 14 | $ 442,000 | $ 31,571 | $ 53,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 13 | $ 919,000 | $ 70,692 | $ 42,000 |
| Danville, IL | 12 | $ 1,032,000 | $ 86,000 | $ 58,000 |
| Glens Falls, NY | 12 | $ 1,694,000 | $ 141,166 | $ 51,000 |
| Elmira, NY | 11 | $ 810,000 | $ 73,636 | $ 38,000 |
| South Bend-Mishawaka, IN-MI | 10 | $ 1,530,000 | $ 153,000 | $ 79,000 |
| Huntington-Ashland, WV-KY-OH | 9 | $ 950,000 | $ 105,555 | $ 180,000 |
| Kingston, NY | 9 | $ 1,952,000 | $ 216,888 | $ 76,000 |
| Ames, IA | 8 | $ 865,000 | $ 108,125 | $ 63,000 |
| Parkersburg-Marietta-Vienna, WV-OH | 8 | $ 746,000 | $ 93,250 | $ 54,000 |
| Utica-Rome, NY | 7 | $ 811,000 | $ 115,857 | $ 65,000 |
| Providence-New Bedford-Fall River, RI-MA | 3 | $ 375,000 | $ 125,000 | $ 68,000 |
| Ithaca, NY | 2 | $ 511,000 | $ 255,500 | $ 101,000 |
| Pittsburgh, PA | 2 | $ 183,000 | $ 91,500 | $ 71,000 |
| Erie, PA | 1 | $ 58,000 | $ 58,000 | $ 20,000 |
| Gary, IN | 1 | $ 15,000 | $ 15,000 | $ 60,000 |
| Philadelphia, PA | 1 | $ 100,000 | $ 100,000 | $ 59,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 43,000 | $ 43,000 | $ 87,000 |
| York-Hanover, PA | 1 | $ 138,000 | $ 138,000 | $ 46,000 |
Mortgage Loan Application Detail Totals for Intervale Mortgage in 2006
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 | 18,948 | $2,628,178,000 | $138,000 | $830,000 | $70,000 | $1,353,000 |
| Home Purchase | 11,373 | $1,210,960,000 | $106,000 | $960,000 | $63,000 | $1,188,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 19,241 | $2,263,366,000 | $117,000 | $960,000 | $66,000 | $1,353,000 |
| Black or African American | 6,380 | $917,349,000 | $143,000 | $768,000 | $68,000 | $1,016,000 |
| Not Provided | 2,493 | $343,188,000 | $137,000 | $664,000 | $69,000 | $1,200,000 |
| Hispanic | 1,768 | $251,704,000 | $142,000 | $580,000 | $70,000 | $636,000 |
| Asian | 309 | $48,944,000 | $158,000 | $800,000 | $91,000 | $659,000 |
| American Indian or Alaskan Native | 83 | $9,103,000 | $109,000 | $340,000 | $59,000 | $160,000 |
| Native Hawaiian or Other Pacific Islander | 47 | $5,484,000 | $116,000 | $414,000 | $57,000 | $137,000 |
| Not applicable | 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) | 30,321 | $3,839,138,000 | $126,000 | $960,000 | $67,000 | $1,353,000 |
| 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 | 16,246 | $2,003,440,000 | $123,000 | $800,000 | $66,000 | $1,353,000 |
| Application Approved But Not Accepted | 7,253 | $914,406,000 | $126,000 | $800,000 | $68,000 | $1,188,000 |
| Application Denied By Financial Institution | 6,756 | $912,493,000 | $135,000 | $960,000 | $69,000 | $1,200,000 |
| Application Withdrawn By Applicant | 59 | $8,168,000 | $138,000 | $464,000 | $71,000 | $429,000 |
| Preapproval Approved but not Accepted | 4 | $350,000 | $87,000 | $135,000 | $37,000 | $39,000 |
| Preapproval Denied by Financial Institution | 3 | $281,000 | $93,000 | $130,000 | $46,000 | $69,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 2,187 | $268,561,000 | $122,000 | $768,000 | $70,000 | $1,200,000 |
| Collateral | 1,190 | $168,930,000 | $141,000 | $792,000 | $72,000 | $1,200,000 |
| Credit History | 1,026 | $154,506,000 | $150,000 | $830,000 | $69,000 | $929,000 |
| Debt-To-Income Ratio | 997 | $124,623,000 | $124,000 | $722,000 | $53,000 | $719,000 |
| Mortgage Insurance Denied | 523 | $73,143,000 | $139,000 | $960,000 | $76,000 | $642,000 |
| Unverifiable Information | 468 | $70,005,000 | $149,000 | $754,000 | $78,000 | $797,000 |
| Employment History | 208 | $27,851,000 | $133,000 | $543,000 | $68,000 | $367,000 |
| Credit Application Incomplete | 159 | $24,885,000 | $156,000 | $560,000 | $72,000 | $413,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $270,000 | $270,000 | $270,000 | $84,000 | $84,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Intervale Mortgage's 2006 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 Intervale Mortgage'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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