Lancaster Mortgage Bankers Mortgage Lending & HMDA Data, 2006
In 2006, Lancaster Mortgage Bankers of Warren, NJ reported 7,957 mortgage applications totaling $1.7 billion, up 158% from 2005. The average application was for $216,562, and applicants reported an average income of $88,032. 40% of its applications resulted in an originated loan and 19% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (2,061), Newark-Union, NJ-PA (981) and Providence-New Bedford-Fall River, RI-MA (388) (applications in parentheses).
| Mortgage Company & Address | Lancaster Mortgage Bankers 20 Indpendence Blvd. Warren, NJ 07059 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 7,957 |
| Total Mortgage Loan Application Amount | $1,723,190,000 |
| Average Mortgage Loan Application Amount | $216,562 |
| Highest Mortgage Loan Application Amount | $2,249,000 |
| Average Applicant Income | $88,032 |
| Highest Applicant Income | $2,241,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Lancaster Mortgage Bankers filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 2,061 | $ 624,959,000 | $ 303,230 | $ 97,288 |
| Newark-Union, NJ-PA | 981 | $ 210,328,000 | $ 214,401 | $ 88,885 |
| Providence-New Bedford-Fall River, RI-MA | 388 | $ 65,604,000 | $ 169,082 | $ 58,556 |
| Edison, NJ | 371 | $ 85,779,000 | $ 231,210 | $ 118,000 |
| Nassau-Suffolk, NY | 357 | $ 96,218,000 | $ 269,518 | $ 112,000 |
| Boston-Quincy, MA | 347 | $ 85,248,000 | $ 245,671 | $ 58,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 308 | $ 38,050,000 | $ 123,538 | $ 88,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 300 | $ 67,596,000 | $ 225,320 | $ 61,443 |
| Richmond, VA | 169 | $ 18,554,000 | $ 109,786 | $ 56,000 |
| New Haven-Milford, CT | 162 | $ 23,354,000 | $ 144,160 | $ 87,000 |
| Cambridge-Newton-Framingham, MA | 161 | $ 41,307,000 | $ 256,565 | $ 68,000 |
| Essex County, MA | 131 | $ 26,092,000 | $ 199,175 | $ 50,000 |
| Orlando-Kissimmee, FL | 110 | $ 20,001,000 | $ 181,827 | $ 74,000 |
| Camden, NJ | 105 | $ 13,767,000 | $ 131,114 | $ 84,000 |
| Hartford-West Hartford-East Hartford, CT | 104 | $ 13,112,000 | $ 126,076 | $ 65,000 |
| Tampa-St. Petersburg-Clearwater, FL | 94 | $ 9,327,000 | $ 99,223 | $ 86,000 |
| Phoenix-Mesa-Scottsdale, AZ | 92 | $ 17,325,000 | $ 188,315 | $ 112,000 |
| Worcester, MA | 87 | $ 12,791,000 | $ 147,022 | $ 68,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 78 | $ 13,926,000 | $ 178,538 | $ 135,000 |
| Miami-Miami Beach-Kendall, FL | 74 | $ 20,370,000 | $ 275,270 | $ 100,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 72 | $ 9,227,000 | $ 128,152 | $ 75,375 |
| Pittsburgh, PA | 72 | $ 5,143,000 | $ 71,430 | $ 67,000 |
| Philadelphia, PA | 71 | $ 8,226,000 | $ 115,859 | $ 118,000 |
| Bridgeport-Stamford-Norwalk, CT | 70 | $ 16,964,000 | $ 242,342 | $ 107,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 68 | $ 13,905,000 | $ 204,485 | $ 133,000 |
| Springfield, MA | 68 | $ 7,585,000 | $ 111,544 | $ 50,000 |
| Trenton-Ewing, NJ | 57 | $ 6,691,000 | $ 117,385 | $ 62,000 |
| Baltimore-Towson, MD | 51 | $ 7,839,000 | $ 153,705 | $ 88,000 |
| Albany-Schenectady-Troy, NY | 49 | $ 4,370,000 | $ 89,183 | $ 88,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 49 | $ 10,347,000 | $ 211,163 | $ 130,000 |
| Atlantic City, NJ | 28 | $ 5,234,000 | $ 186,928 | $ 57,000 |
| Denver-Aurora, CO | 27 | $ 4,652,000 | $ 172,296 | $ 214,000 |
| Norwich-New London, CT | 27 | $ 3,869,000 | $ 143,296 | $ 85,000 |
| Cape Coral-Fort Myers, FL | 26 | $ 6,055,000 | $ 232,884 | $ 52,000 |
| Palm Bay-Melbourne-Titusville, FL | 26 | $ 3,646,000 | $ 140,230 | $ 197,000 |
| Bethesda-Gaithersburg-Frederick, MD | 25 | $ 6,144,000 | $ 245,760 | $ 42,000 |
| Rockingham County-Strafford County, NH | 25 | $ 4,136,000 | $ 165,440 | $ 121,000 |
| Naples-Marco Island, FL | 24 | $ 4,353,000 | $ 181,375 | $ 83,000 |
| Jacksonville, FL | 23 | $ 3,505,000 | $ 152,391 | $ 105,000 |
| Wilmington, DE-MD-NJ | 23 | $ 1,979,000 | $ 86,043 | $ 71,173 |
| Barnstable Town, MA | 22 | $ 4,181,000 | $ 190,045 | $ 86,000 |
| Lakeland, FL | 22 | $ 2,580,000 | $ 117,272 | $ 106,000 |
| Ocala, FL | 22 | $ 1,829,000 | $ 83,136 | $ 55,000 |
| Ocean City, NJ | 22 | $ 5,790,000 | $ 263,181 | $ 80,000 |
| Portland-South Portland-Biddeford, ME | 21 | $ 3,092,000 | $ 147,238 | $ 56,000 |
| Manchester-Nashua, NH | 19 | $ 3,006,000 | $ 158,210 | $ 87,000 |
| Tucson, AZ | 18 | $ 1,782,000 | $ 99,000 | $ 34,000 |
| Winchester, VA-WV | 17 | $ 2,018,000 | $ 118,705 | $ 52,000 |
| Port St. Lucie-Fort Pierce, FL | 16 | $ 2,165,000 | $ 135,312 | $ 33,000 |
| Atlanta-Sandy Springs-Marietta, GA | 15 | $ 1,474,000 | $ 98,266 | $ 45,000 |
| Binghamton, NY | 14 | $ 869,000 | $ 62,071 | $ 64,000 |
| Los Angeles-Long Beach-Glendale, CA | 12 | $ 4,215,000 | $ 351,250 | $ 155,000 |
| Pensacola-Ferry Pass-Brent, FL | 11 | $ 1,151,000 | $ 104,636 | $ 68,000 |
| Rochester, NY | 10 | $ 700,000 | $ 70,000 | $ 90,000 |
| Kingston, NY | 9 | $ 1,559,000 | $ 173,222 | $ 258,000 |
| Pittsfield, MA | 9 | $ 1,254,000 | $ 139,333 | $ 85,000 |
| Tulsa, OK | 8 | $ 503,000 | $ 62,875 | $ 49,000 |
| Vineland-Millville-Bridgeton, NJ | 8 | $ 1,044,000 | $ 130,500 | $ 51,000 |
| Dallas-Plano-Irving, TX | 7 | $ 342,000 | $ 48,857 | $ 54,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 7 | $ 789,000 | $ 112,714 | $ 26,000 |
| Harrisburg-Carlisle, PA | 7 | $ 300,000 | $ 42,857 | $ 53,000 |
| Syracuse, NY | 7 | $ 384,000 | $ 54,857 | $ 90,000 |
| Greenville, SC | 6 | $ 853,000 | $ 142,166 | $ 137,000 |
| Sarasota-Bradenton-Venice, FL | 6 | $ 1,039,000 | $ 173,166 | $ 161,000 |
| Tallahassee, FL | 6 | $ 352,000 | $ 58,666 | $ 70,000 |
| Chicago-Naperville-Joliet, IL | 5 | $ 1,170,000 | $ 234,000 | $ 11,000 |
| Glens Falls, NY | 5 | $ 372,000 | $ 74,400 | $ 240,000 |
| Las Vegas-Paradise, NV | 5 | $ 1,008,000 | $ 201,600 | $ 192,000 |
| Lewiston-Auburn, ME | 4 | $ 295,000 | $ 73,750 | $ 114,000 |
| Little Rock-North Little Rock, AR | 4 | $ 1,645,000 | $ 411,250 | $ 323,000 |
| Louisville-Jefferson County, KY-IN | 3 | $ 562,000 | $ 187,333 | $ 0 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 3 | $ 950,000 | $ 316,666 | $ 66,000 |
| Reading, PA | 3 | $ 297,000 | $ 99,000 | $ 35,000 |
| Bakersfield, CA | 2 | $ 285,000 | $ 142,500 | $ 85,000 |
| Burlington-South Burlington, VT | 2 | $ 625,000 | $ 312,500 | $ 314,000 |
| Colorado Springs, CO | 2 | $ 177,000 | $ 88,500 | $ 48,000 |
| Des Moines-West Des Moines, IA | 2 | $ 71,000 | $ 35,500 | $ 70,000 |
| Erie, PA | 2 | $ 41,000 | $ 20,500 | $ 47,000 |
| Fort Collins-Loveland, CO | 2 | $ 819,000 | $ 409,500 | $ 0 |
| Fort Worth-Arlington, TX | 2 | $ 56,000 | $ 28,000 | $ 199,000 |
| Hagerstown-Martinsburg, MD-WV | 2 | $ 178,000 | $ 89,000 | $ 36,000 |
| Harrisonburg, VA | 2 | $ 186,000 | $ 93,000 | $ 0 |
| Houston-Sugar Land-Baytown, TX | 2 | $ 220,000 | $ 110,000 | $ 198,000 |
| Indianapolis-Carmel, IN | 2 | $ 75,000 | $ 37,500 | $ 152,000 |
| Ithaca, NY | 2 | $ 499,000 | $ 249,500 | $ 0 |
| Killeen-Temple-Fort Hood, TX | 2 | $ 192,000 | $ 96,000 | $ 81,000 |
| Knoxville, TN | 2 | $ 55,000 | $ 27,500 | $ 101,000 |
| Lancaster, PA | 2 | $ 319,000 | $ 159,500 | $ 82,000 |
| Lebanon, PA | 2 | $ 210,000 | $ 105,000 | $ 0 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 2 | $ 244,000 | $ 122,000 | $ 0 |
| Pueblo, CO | 2 | $ 432,000 | $ 216,000 | $ 180,000 |
| Roanoke, VA | 2 | $ 550,000 | $ 275,000 | $ 154,000 |
| Salt Lake City, UT | 2 | $ 152,000 | $ 76,000 | $ 0 |
| San Francisco-San Mateo-Redwood City, CA | 2 | $ 1,246,000 | $ 623,000 | $ 0 |
| Scranton--Wilkes-Barre, PA | 2 | $ 234,000 | $ 117,000 | $ 0 |
| Sebastian-Vero Beach, FL | 2 | $ 245,000 | $ 122,500 | $ 69,000 |
| Utica-Rome, NY | 2 | $ 63,000 | $ 31,500 | $ 120,000 |
| Bangor, ME | 1 | $ 98,000 | $ 98,000 | $ 50,000 |
| Buffalo-Niagara Falls, NY | 1 | $ 59,000 | $ 59,000 | $ 42,000 |
| Lynchburg, VA | 1 | $ 279,000 | $ 279,000 | $ 0 |
| Portland-Vancouver-Beaverton, OR-WA | 1 | $ 221,000 | $ 221,000 | $ 179,000 |
| Punta Gorda, FL | 1 | $ 448,000 | $ 448,000 | $ 182,000 |
| Riverside-San Bernardino-Ontario, CA | 1 | $ 488,000 | $ 488,000 | $ 0 |
| Salisbury, MD | 1 | $ 162,000 | $ 162,000 | $ 67,000 |
| San Diego-Carlsbad-San Marcos, CA | 1 | $ 486,000 | $ 486,000 | $ 0 |
| York-Hanover, PA | 1 | $ 107,000 | $ 107,000 | $ 209,000 |
Mortgage Loan Application Detail Totals for Lancaster Mortgage Bankers 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 5,904 | $1,224,780,000 | $207,000 | $2,249,000 | $85,000 | $1,705,000 |
| Refinancing | 2,044 | $494,886,000 | $242,000 | $1,495,000 | $97,000 | $2,241,000 |
| Home Improvement | 9 | $3,524,000 | $391,000 | $650,000 | $41,000 | $212,000 |
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 |
|---|---|---|---|---|---|---|
| Hispanic | 2,320 | $508,656,000 | $219,000 | $1,538,000 | $63,000 | $1,200,000 |
| White | 2,286 | $494,405,000 | $216,000 | $2,249,000 | $121,000 | $2,241,000 |
| Black or African American | 1,663 | $342,470,000 | $205,000 | $1,163,000 | $76,000 | $1,058,000 |
| Not Provided | 1,272 | $269,933,000 | $212,000 | $1,500,000 | $88,000 | $1,705,000 |
| Asian | 358 | $92,955,000 | $259,000 | $1,800,000 | $100,000 | $1,020,000 |
| American Indian or Alaskan Native | 30 | $7,039,000 | $234,000 | $692,000 | $71,000 | $264,000 |
| Native Hawaiian or Other Pacific Islander | 28 | $7,732,000 | $276,000 | $740,000 | $94,000 | $231,000 |
| 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) | 7,954 | $1,721,236,000 | $216,000 | $2,249,000 | $88,000 | $2,241,000 |
| VA-guaranteed (Veterans Administration) | 2 | $1,742,000 | $871,000 | $1,449,000 | $0 | $0 |
| FHA-insured (Federal Housing Administration) | 1 | $212,000 | $212,000 | $212,000 | $60,000 | $60,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 3,197 | $680,855,000 | $212,000 | $1,760,000 | $84,000 | $2,241,000 |
| Application Withdrawn By Applicant | 3,039 | $658,054,000 | $216,000 | $2,249,000 | $94,000 | $2,241,000 |
| Application Denied By Financial Institution | 1,545 | $347,868,000 | $225,000 | $1,400,000 | $82,000 | $1,811,000 |
| Application Approved But Not Accepted | 91 | $21,626,000 | $237,000 | $1,430,000 | $130,000 | $1,385,000 |
| Loan Purchased By The Institution | 84 | $14,693,000 | $174,000 | $872,000 | $91,000 | $420,000 |
| File Closed For Incompleteness | 1 | $94,000 | $94,000 | $94,000 | $126,000 | $126,000 |
| 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 | 529 | $124,017,000 | $234,000 | $1,400,000 | $80,000 | $1,811,000 |
| Credit History | 334 | $84,598,000 | $253,000 | $1,088,000 | $73,000 | $602,000 |
| Collateral | 265 | $49,929,000 | $188,000 | $1,154,000 | $102,000 | $1,200,000 |
| Unverifiable Information | 155 | $35,029,000 | $225,000 | $1,388,000 | $88,000 | $875,000 |
| Employment History | 101 | $20,287,000 | $200,000 | $675,000 | $71,000 | $237,000 |
| Debt-To-Income Ratio | 48 | $10,796,000 | $224,000 | $910,000 | $106,000 | $1,154,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 10 | $1,517,000 | $151,000 | $385,000 | $80,000 | $160,000 |
| Credit Application Incomplete | 3 | $864,000 | $288,000 | $528,000 | $90,000 | $136,000 |
| Mortgage Insurance Denied | 1 | $54,000 | $54,000 | $54,000 | $72,000 | $72,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Lancaster Mortgage Bankers'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 Lancaster Mortgage Bankers'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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