JPMorgan Chase Bank Mortgage Lending & HMDA Data, 2003
In 2003, JPMorgan Chase Bank of Edison, NJ reported 64,675 mortgage applications totaling $17.1 billion. The average application was for $264,029, and applicants reported an average income of $89,073. 63% of its applications resulted in an originated loan and 25% were denied. Its largest markets were New York, NY (34,822), Nassau-Suffolk, NY (13,690) and Rochester, NY (2,295) (applications in parentheses).
| Mortgage Company & Address | JPMorgan Chase Bank 343 Thornall Street Edison, NJ 08837 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2003 |
| Total Number of Mortgage Applications | 64,675 |
| Total Mortgage Loan Application Amount | $17,076,093,000 |
| Average Mortgage Loan Application Amount | $264,029 |
| Highest Mortgage Loan Application Amount | $34,000,000 |
| Average Applicant Income | $89,073 |
| Highest Applicant Income | $9,999,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records JPMorgan Chase Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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, NY | 34,822 | $ 9,583,164,000 | $ 275,204 | $ 101,000 |
| Nassau-Suffolk, NY | 13,690 | $ 3,504,294,000 | $ 255,974 | $ 114,000 |
| Rochester, NY | 2,295 | $ 227,526,000 | $ 99,139 | $ 51,000 |
| Buffalo-Niagara Falls, NY | 1,664 | $ 145,536,000 | $ 87,461 | $ 51,000 |
| Syracuse, NY | 1,152 | $ 97,794,000 | $ 84,890 | $ 44,000 |
| Albany-Schenectady-Troy, NY | 1,137 | $ 114,742,000 | $ 100,916 | $ 60,000 |
| Newark, NJ | 976 | $ 353,992,000 | $ 362,696 | $ 151,000 |
| Newburgh, NY-PA | 887 | $ 150,567,000 | $ 169,748 | $ 82,000 |
| Stamford-Norwalk, CT | 874 | $ 553,459,000 | $ 633,248 | $ 326,000 |
| Bergen-Passaic, NJ | 797 | $ 286,890,000 | $ 359,962 | $ 166,000 |
| Dutchess County, NY | 755 | $ 146,723,000 | $ 194,335 | $ 91,000 |
| Monmouth-Ocean, NJ | 536 | $ 160,980,000 | $ 300,335 | $ 176,000 |
| Middlesex-Somerset-Hunterdon, NJ | 503 | $ 142,250,000 | $ 282,803 | $ 176,000 |
| Jersey City, NJ | 319 | $ 78,138,000 | $ 244,946 | $ 94,000 |
| Utica-Rome, NY | 295 | $ 21,820,000 | $ 73,966 | $ 46,000 |
| Jamestown, NY | 289 | $ 21,273,000 | $ 73,608 | $ 47,000 |
| Bridgeport, CT | 228 | $ 59,156,000 | $ 259,456 | $ 119,000 |
| Danbury, CT | 196 | $ 73,776,000 | $ 376,408 | $ 271,000 |
| Binghamton, NY | 160 | $ 11,443,000 | $ 71,518 | $ 60,000 |
| Glens Falls, NY | 142 | $ 14,417,000 | $ 101,528 | $ 67,000 |
| Trenton, NJ | 97 | $ 25,798,000 | $ 265,958 | $ 154,000 |
| Houston, TX | 71 | $ 62,789,000 | $ 884,352 | $ 157,000 |
| New Haven-Meriden, CT | 65 | $ 12,386,000 | $ 190,553 | $ 121,000 |
| Elmira, NY | 55 | $ 3,878,000 | $ 70,509 | $ 48,000 |
| Hartford, CT | 54 | $ 12,220,000 | $ 226,296 | $ 152,000 |
| Atlantic-Cape May, NJ | 31 | $ 5,754,000 | $ 185,612 | $ 171,000 |
| Dallas, TX | 31 | $ 12,324,000 | $ 397,548 | $ 254,000 |
| New London-Norwich, CT-RI | 29 | $ 10,062,000 | $ 346,965 | $ 291,000 |
| Austin-San Marcos, TX | 17 | $ 30,517,000 | $ 1,795,117 | $ 133,000 |
| Los Angeles-Long Beach, CA | 17 | $ 58,879,000 | $ 3,463,470 | $ 1,957,000 |
| Waterbury, CT | 17 | $ 2,716,000 | $ 159,764 | $ 118,000 |
| Milwaukee-Waukesha, WI | 13 | $ 44,190,000 | $ 3,399,230 | $ 0 |
| Louisville, KY-IN | 11 | $ 52,253,000 | $ 4,750,272 | $ 0 |
| Chicago, IL | 10 | $ 28,695,000 | $ 2,869,500 | $ 898,000 |
| Fort Worth-Arlington, TX | 10 | $ 6,807,000 | $ 680,700 | $ 116,000 |
| Galveston-Texas City, TX | 8 | $ 4,093,000 | $ 511,625 | $ 543,000 |
| Boston, MA-NH | 7 | $ 6,699,000 | $ 957,000 | $ 1,412,000 |
| West Palm Beach-Boca Raton, FL | 7 | $ 6,669,000 | $ 952,714 | $ 811,000 |
| San Francisco, CA | 6 | $ 12,313,000 | $ 2,052,166 | $ 1,159,000 |
| El Paso, TX | 5 | $ 155,000 | $ 31,000 | $ 80,000 |
| McAllen-Edinburg-Mission, TX | 5 | $ 243,000 | $ 48,600 | $ 143,000 |
| Orange County, CA | 5 | $ 16,615,000 | $ 3,323,000 | $ 0 |
| San Antonio, TX | 5 | $ 166,000 | $ 33,200 | $ 30,000 |
| Tucson, AZ | 5 | $ 26,950,000 | $ 5,390,000 | $ 408,000 |
| Indianapolis, IN | 4 | $ 21,344,000 | $ 5,336,000 | $ 1,009,000 |
| Philadelphia, PA-NJ | 4 | $ 5,813,000 | $ 1,453,250 | $ 931,000 |
| Riverside-San Bernardino, CA | 4 | $ 42,650,000 | $ 10,662,500 | $ 0 |
| Washington, DC-MD-VA-WV | 4 | $ 19,500,000 | $ 4,875,000 | $ 2,357,000 |
| Brownsville-Harlingen-San Benito, TX | 3 | $ 90,000 | $ 30,000 | $ 48,000 |
| Cleveland-Lorain-Elyria, OH | 3 | $ 13,100,000 | $ 4,366,666 | $ 0 |
| Columbus, OH | 3 | $ 31,375,000 | $ 10,458,333 | $ 0 |
| Corpus Christi, TX | 3 | $ 2,820,000 | $ 940,000 | $ 37,000 |
| Fort Lauderdale, FL | 3 | $ 2,050,000 | $ 683,333 | $ 758,000 |
| Greenville, NC | 3 | $ 3,460,000 | $ 1,153,333 | $ 0 |
| Las Vegas, NV-AZ | 3 | $ 21,100,000 | $ 7,033,333 | $ 0 |
| Manchester, NH | 3 | $ 7,386,000 | $ 2,462,000 | $ 0 |
| Miami, FL | 3 | $ 1,669,000 | $ 556,333 | $ 0 |
| Minneapolis-St. Paul, MN-WI | 3 | $ 7,560,000 | $ 2,520,000 | $ 390,000 |
| Naples, FL | 3 | $ 8,498,000 | $ 2,832,666 | $ 3,560,000 |
| Portland-Vancouver, OR-WA | 3 | $ 14,665,000 | $ 4,888,333 | $ 0 |
| Providence-Fall River-Warwick, RI-MA | 3 | $ 4,040,000 | $ 1,346,666 | $ 546,000 |
| Richmond-Petersburg, VA | 3 | $ 12,000,000 | $ 4,000,000 | $ 0 |
| Tampa-St. Petersburg-Clearwater, FL | 3 | $ 10,225,000 | $ 3,408,333 | $ 54,000 |
| Vineland-Millville-Bridgeton, NJ | 3 | $ 129,000 | $ 43,000 | $ 70,000 |
| Alexandria, LA | 2 | $ 7,729,000 | $ 3,864,500 | $ 707,000 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 2 | $ 1,350,000 | $ 675,000 | $ 259,000 |
| Charlottesville, VA | 2 | $ 3,140,000 | $ 1,570,000 | $ 0 |
| Detroit, MI | 2 | $ 4,676,000 | $ 2,338,000 | $ 11,000 |
| Fort Pierce-Port St. Lucie, FL | 2 | $ 6,913,000 | $ 3,456,500 | $ 3,454,000 |
| Jacksonville, FL | 2 | $ 5,684,000 | $ 2,842,000 | $ 0 |
| Lexington, KY | 2 | $ 9,180,000 | $ 4,590,000 | $ 0 |
| Madison, WI | 2 | $ 4,450,000 | $ 2,225,000 | $ 0 |
| Mobile, AL | 2 | $ 4,472,000 | $ 2,236,000 | $ 115,000 |
| Orlando, FL | 2 | $ 456,000 | $ 228,000 | $ 231,000 |
| Santa Barbara-Santa Maria-Lompoc, CA | 2 | $ 2,200,000 | $ 1,100,000 | $ 260,000 |
| Sioux City, IA-NE | 2 | $ 5,900,000 | $ 2,950,000 | $ 0 |
| St. Louis, MO-IL | 2 | $ 24,825,000 | $ 12,412,500 | $ 0 |
| Vallejo-Fairfield-Napa, CA | 2 | $ 10,150,000 | $ 5,075,000 | $ 474,000 |
| Allentown-Bethlehem-Easton, PA | 1 | $ 800,000 | $ 800,000 | $ 774,000 |
| Ann Arbor, MI | 1 | $ 16,000 | $ 16,000 | $ 41,000 |
| Athens, GA | 1 | $ 3,200,000 | $ 3,200,000 | $ 0 |
| Baltimore, MD | 1 | $ 34,000,000 | $ 34,000,000 | $ 0 |
| Baton Rouge, LA | 1 | $ 5,200,000 | $ 5,200,000 | $ 0 |
| Bloomington, IN | 1 | $ 3,640,000 | $ 3,640,000 | $ 0 |
| Boulder-Longmont, CO | 1 | $ 7,280,000 | $ 7,280,000 | $ 0 |
| Brockton, MA | 1 | $ 195,000 | $ 195,000 | $ 0 |
| Bryan-College Station, TX | 1 | $ 80,000 | $ 80,000 | $ 1,213,000 |
| Charleston-North Charleston, SC | 1 | $ 2,300,000 | $ 2,300,000 | $ 0 |
| Chattanooga, TN-GA | 1 | $ 2,000,000 | $ 2,000,000 | $ 0 |
| Chico-Paradise, CA | 1 | $ 2,450,000 | $ 2,450,000 | $ 0 |
| Clarksville-Hopkinsville, TN-KY | 1 | $ 13,200,000 | $ 13,200,000 | $ 0 |
| Colorado Springs, CO | 1 | $ 1,550,000 | $ 1,550,000 | $ 0 |
| Daytona Beach, FL | 1 | $ 4,550,000 | $ 4,550,000 | $ 0 |
| Evansville-Henderson, IN-KY | 1 | $ 5,600,000 | $ 5,600,000 | $ 0 |
| Fayetteville-Springdale-Rogers, AR | 1 | $ 4,025,000 | $ 4,025,000 | $ 0 |
| Flint, MI | 1 | $ 17,500,000 | $ 17,500,000 | $ 0 |
| Florence, SC | 1 | $ 3,520,000 | $ 3,520,000 | $ 0 |
| Grand Rapids-Muskegon-Holland, MI | 1 | $ 3,500,000 | $ 3,500,000 | $ 0 |
| Greensboro--Winston-Salem--High Point, NC | 1 | $ 146,000 | $ 146,000 | $ 92,000 |
| Hattiesburg, MS | 1 | $ 223,000 | $ 223,000 | $ 62,000 |
| Honolulu, HI | 1 | $ 1,520,000 | $ 1,520,000 | $ 3,762,000 |
| Lafayette, LA | 1 | $ 3,010,000 | $ 3,010,000 | $ 0 |
| Little Rock-North Little Rock, AR | 1 | $ 4,950,000 | $ 4,950,000 | $ 0 |
| Macon, GA | 1 | $ 2,875,000 | $ 2,875,000 | $ 0 |
| Melbourne-Titusville-Palm Bay, FL | 1 | $ 77,000 | $ 77,000 | $ 242,000 |
| Myrtle Beach, SC | 1 | $ 15,000,000 | $ 15,000,000 | $ 0 |
| Nashua, NH | 1 | $ 439,000 | $ 439,000 | $ 0 |
| New Orleans, LA | 1 | $ 1,680,000 | $ 1,680,000 | $ 0 |
| Norfolk-Virginia Beach-Newport News, VA-NC | 1 | $ 6,400,000 | $ 6,400,000 | $ 0 |
| Oakland, CA | 1 | $ 782,000 | $ 782,000 | $ 209,000 |
| Oklahoma City, OK | 1 | $ 6,400,000 | $ 6,400,000 | $ 0 |
| Omaha, NE-IA | 1 | $ 3,700,000 | $ 3,700,000 | $ 0 |
| Redding, CA | 1 | $ 5,550,000 | $ 5,550,000 | $ 0 |
| Roanoke, VA | 1 | $ 14,000,000 | $ 14,000,000 | $ 0 |
| San Diego, CA | 1 | $ 3,000,000 | $ 3,000,000 | $ 800,000 |
| Santa Cruz-Watsonville, CA | 1 | $ 452,000 | $ 452,000 | $ 2,229,000 |
| Sarasota-Bradenton, FL | 1 | $ 103,000 | $ 103,000 | $ 77,000 |
| Springfield, IL | 1 | $ 1,800,000 | $ 1,800,000 | $ 0 |
| Tallahassee, FL | 1 | $ 13,500,000 | $ 13,500,000 | $ 0 |
| Toledo, OH | 1 | $ 6,000,000 | $ 6,000,000 | $ 0 |
| Tulsa, OK | 1 | $ 375,000 | $ 375,000 | $ 191,000 |
| Wichita, KS | 1 | $ 6,100,000 | $ 6,100,000 | $ 0 |
| Williamsport, PA | 1 | $ 100,000 | $ 100,000 | $ 51,000 |
| Wilmington, NC | 1 | $ 6,720,000 | $ 6,720,000 | $ 0 |
| Yolo, CA | 1 | $ 1,100,000 | $ 1,100,000 | $ 905,000 |
Mortgage Loan Application Detail Totals for JPMorgan Chase Bank in 2003
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 (home purchase or home improvement, one-to-four family) | 43,816 | $10,106,080,000 | $903,434 | $10,000,000 | $1,249,130 | $9,999,000 |
| Home Purchase (one-to-four family) | 20,637 | $6,099,495,000 | $947,181 | $10,000,000 | $877,818 | $9,999,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 167 | $867,283,000 | $5,424,416 | $34,000,000 | $0 | $0 |
| Home Improvement (one-to-four family) | 55 | $3,235,000 | $74,000 | $300,000 | $291,000 | $490,000 |
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 | 36,809 | $9,170,072,000 | $683,269 | $5,233,000 | $487,923 | $9,558,000 |
| Information not provided by applicant in mail or telephone application | 14,619 | $4,288,362,000 | $1,307,450 | $10,000,000 | $2,015,850 | $9,999,000 |
| Black | 4,859 | $907,075,000 | $142,200 | $2,150,000 | $68,000 | $1,452,000 |
| Hispanic | 3,587 | $733,738,000 | $177,500 | $2,250,000 | $81,750 | $4,400,000 |
| Asian or Pacific Islander | 3,066 | $772,619,000 | $243,166 | $3,000,000 | $131,333 | $7,784,000 |
| Other | 1,379 | $302,344,000 | $260,500 | $2,000,000 | $134,000 | $3,000,000 |
| American Indian or Alaskan Native | 181 | $31,626,000 | $166,000 | $1,000,000 | $88,000 | $461,000 |
| Not applicable | 175 | $870,257,000 | $5,239,540 | $34,000,000 | $1,972 | $532,000 |
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) | 62,664 | $16,823,593,000 | $3,366,681 | $34,000,000 | $472,068 | $9,999,000 |
| FHA-insured (Federal Housing Administration) | 1,749 | $226,041,000 | $194,333 | $463,000 | $59,000 | $2,898,000 |
| VA-guaranteed (Veterans Administration) | 255 | $26,020,000 | $102,000 | $308,000 | $41,000 | $170,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 7 | $439,000 | $62,000 | $125,000 | $29,000 | $37,000 |
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 | 40,809 | $11,331,392,000 | $3,843,857 | $34,000,000 | $589,047 | $9,999,000 |
| Application Denied By Financial Institution | 16,290 | $3,886,064,000 | $3,822,181 | $17,500,000 | $37,045 | $7,989,000 |
| Application Approved But Not Accepted | 5,100 | $1,182,235,000 | $932,083 | $10,000,000 | $640,666 | $9,999,000 |
| File Closed For Incompleteness | 1,152 | $319,608,000 | $305,500 | $3,000,000 | $202,500 | $2,748,000 |
| Application Withdrawn By Applicant | 1,151 | $304,525,000 | $666,066 | $4,500,000 | $833,000 | $4,039,000 |
| Loan Purchased By The Institution | 173 | $52,269,000 | $629,750 | $1,100,000 | $33,000 | $1,190,000 |
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 |
|---|---|---|---|---|---|---|
| Credit Application Incomplete | 11,225 | $2,672,509,000 | $375,571 | $2,000,000 | $149,142 | $7,989,000 |
| Debt-To-Income Ratio | 1,408 | $319,651,000 | $206,750 | $1,132,000 | $69,500 | $923,000 |
| Credit History | 1,288 | $245,316,000 | $165,500 | $1,500,000 | $95,250 | $1,455,000 |
| Collateral | 1,266 | $265,260,000 | $183,000 | $1,988,000 | $110,750 | $4,080,000 |
| Other | 647 | $268,846,000 | $4,347,400 | $17,500,000 | $21,150 | $3,250,000 |
| Unverifiable Information | 237 | $59,482,000 | $184,000 | $1,500,000 | $79,250 | $836,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 156 | $44,698,000 | $365,000 | $2,100,000 | $178,666 | $1,131,000 |
| Employment History | 62 | $9,993,000 | $100,000 | $950,000 | $78,000 | $1,020,000 |
| Mortgage Insurance Denied | 1 | $309,000 | $309,000 | $309,000 | $46,000 | $46,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into JPMorgan Chase Bank's 2003 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 JPMorgan Chase 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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