Newalliance Bank Mortgage Lending & HMDA Data, 2007

In 2007, Newalliance Bank of New Haven, CT reported 5,120 mortgage applications totaling $1.1 billion, up 22% from 2006. The average application was for $212,253, and applicants reported an average income of $141,949. 58% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Hartford-West Hartford-East Hartford, CT (1,757), New Haven-Milford, CT (1,490) and Springfield, MA (373) (applications in parentheses).

Mortgage Company & Address Newalliance Bank
195 Church Street
New Haven, CT 06510
Tel #: available with data download
Federal Regulator * available with data download
Years 2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 5,120
Total Mortgage Loan Application Amount $1,086,737,000
Average Mortgage Loan Application Amount $212,253
Highest Mortgage Loan Application Amount $5,800,000
Average Applicant Income $141,949
Highest Applicant Income $6,478,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Newalliance Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for Newalliance Bank by Metropolitan Area in 2007

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Hartford-West Hartford-East Hartford, CT 1,757 $ 200,159,000 $ 113,920 $ 90,000
New Haven-Milford, CT 1,490 $ 194,604,000 $ 130,606 $ 91,000
Springfield, MA 373 $ 44,370,000 $ 118,954 $ 80,000
Bridgeport-Stamford-Norwalk, CT 351 $ 222,515,000 $ 633,945 $ 325,000
Los Angeles-Long Beach-Glendale, CA 57 $ 30,258,000 $ 530,842 $ 383,000
Norwich-New London, CT 51 $ 11,997,000 $ 235,235 $ 101,000
New York-White Plains-Wayne, NY-NJ 38 $ 18,788,000 $ 494,421 $ 302,710
Santa Ana-Anaheim-Irvine, CA 36 $ 18,864,000 $ 524,000 $ 312,000
Philadelphia, PA 24 $ 9,034,000 $ 376,416 $ 185,000
Cambridge-Newton-Framingham, MA 22 $ 10,661,000 $ 484,590 $ 253,000
Nassau-Suffolk, NY 22 $ 14,473,000 $ 657,863 $ 395,000
Chicago-Naperville-Joliet, IL 21 $ 9,389,000 $ 447,095 $ 417,000
San Jose-Sunnyvale-Santa Clara, CA 20 $ 9,824,000 $ 491,200 $ 270,000
Seattle-Bellevue-Everett, WA 20 $ 10,512,000 $ 525,600 $ 300,000
Worcester, MA 18 $ 2,038,000 $ 113,222 $ 102,000
Minneapolis-St. Paul-Bloomington, MN-WI 17 $ 8,352,000 $ 491,294 $ 389,000
Phoenix-Mesa-Scottsdale, AZ 17 $ 8,173,000 $ 480,764 $ 265,000
Boston-Quincy, MA 16 $ 6,612,000 $ 413,250 $ 201,000
Oakland-Fremont-Hayward, CA 16 $ 7,511,000 $ 469,437 $ 236,000
San Diego-Carlsbad-San Marcos, CA 16 $ 8,534,000 $ 533,375 $ 275,000
Denver-Aurora, CO 15 $ 6,879,000 $ 458,600 $ 336,000
Oxnard-Thousand Oaks-Ventura, CA 13 $ 6,798,000 $ 522,923 $ 349,000
Washington-Arlington-Alexandria, DC-VA-MD-WV 12 $ 6,086,000 $ 507,166 $ 286,583
Birmingham-Hoover, AL 10 $ 4,134,000 $ 413,400 $ 293,000
Dallas-Plano-Irving, TX 10 $ 6,131,000 $ 613,100 $ 666,000
San Francisco-San Mateo-Redwood City, CA 10 $ 4,846,000 $ 484,600 $ 266,000
Warren-Troy-Farmington Hills, MI 10 $ 3,256,000 $ 325,600 $ 271,000
Las Vegas-Paradise, NV 9 $ 5,031,000 $ 559,000 $ 339,000
Portland-Vancouver-Beaverton, OR-WA 9 $ 4,340,000 $ 482,222 $ 183,888
Riverside-San Bernardino-Ontario, CA 9 $ 4,735,000 $ 526,111 $ 290,000
Atlanta-Sandy Springs-Marietta, GA 8 $ 3,850,000 $ 481,250 $ 469,000
Baltimore-Towson, MD 8 $ 3,206,000 $ 400,750 $ 244,000
Houston-Sugar Land-Baytown, TX 8 $ 4,945,000 $ 618,125 $ 413,000
Providence-New Bedford-Fall River, RI-MA 8 $ 4,081,000 $ 510,125 $ 360,000
St. Louis, MO-IL 8 $ 4,208,000 $ 526,000 $ 357,000
Edison, NJ 7 $ 4,046,000 $ 578,000 $ 492,000
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 7 $ 3,059,000 $ 437,000 $ 292,000
Bethesda-Gaithersburg-Frederick, MD 6 $ 3,029,000 $ 504,833 $ 285,000
Peabody, MA 6 $ 2,245,000 $ 374,166 $ 300,000
Detroit-Livonia-Dearborn, MI 5 $ 2,918,000 $ 583,600 $ 382,000
Lake County-Kenosha County, IL-WI 5 $ 2,200,000 $ 440,000 $ 255,000
Milwaukee-Waukesha-West Allis, WI 5 $ 2,120,000 $ 424,000 $ 280,000
Pittsfield, MA 5 $ 1,545,000 $ 309,000 $ 153,000
Salt Lake City, UT 5 $ 1,537,000 $ 307,400 $ 220,000
San Antonio, TX 5 $ 1,797,000 $ 359,400 $ 315,000
Barnstable Town, MA 4 $ 1,799,000 $ 449,750 $ 289,000
Boise City-Nampa, ID 4 $ 982,000 $ 245,500 $ 76,000
Camden, NJ 4 $ 2,071,000 $ 517,750 $ 394,000
Miami-Miami Beach-Kendall, FL 4 $ 2,483,000 $ 620,750 $ 361,000
Nashville-Davidson--Murfreesboro--Franklin, TN 4 $ 1,232,000 $ 308,000 $ 231,000
Orlando-Kissimmee, FL 4 $ 1,469,000 $ 367,250 $ 267,000
Santa Barbara-Santa Maria-Goleta, CA 4 $ 1,948,000 $ 487,000 $ 256,000
Virginia Beach-Norfolk-Newport News, VA-NC 4 $ 1,329,000 $ 332,250 $ 190,000
West Palm Beach-Boca Raton-Boynton Beach, FL 4 $ 1,473,000 $ 368,250 $ 620,000
Wilmington, DE-MD-NJ 4 $ 1,736,000 $ 434,000 $ 243,250
Cleveland-Elyria-Mentor, OH 3 $ 918,000 $ 306,000 $ 377,000
Columbus, OH 3 $ 1,252,000 $ 417,333 $ 300,000
Des Moines-West Des Moines, IA 3 $ 889,000 $ 296,333 $ 121,000
Kansas City, MO-KS 3 $ 1,274,000 $ 424,666 $ 317,000
Missoula, MT 3 $ 1,667,000 $ 555,666 $ 410,000
Myrtle Beach-Conway-North Myrtle Beach, SC 3 $ 1,720,000 $ 573,333 $ 290,000
Ogden-Clearfield, UT 3 $ 1,781,000 $ 593,666 $ 294,000
Oklahoma City, OK 3 $ 1,219,000 $ 406,333 $ 510,000
Richmond, VA 3 $ 1,332,000 $ 444,000 $ 304,000
Sacramento--Arden-Arcade--Roseville, CA 3 $ 1,837,000 $ 612,333 $ 224,000
Salinas, CA 3 $ 1,445,000 $ 481,666 $ 493,000
Tacoma, WA 3 $ 1,212,000 $ 404,000 $ 340,000
Anchorage, AK 2 $ 430,000 $ 215,000 $ 152,000
Boulder, CO 2 $ 1,792,000 $ 896,000 $ 746,000
Cape Coral-Fort Myers, FL 2 $ 817,000 $ 408,500 $ 137,000
Cedar Rapids, IA 2 $ 585,000 $ 292,500 $ 210,000
Charleston-North Charleston, SC 2 $ 814,000 $ 407,000 $ 336,000
Charlotte-Gastonia-Concord, NC-SC 2 $ 875,000 $ 437,500 $ 114,000
Gainesville, GA 2 $ 1,132,000 $ 566,000 $ 439,000
Greenville-Mauldin-Easley, SC 2 $ 729,000 $ 364,500 $ 315,000
Indianapolis-Carmel, IN 2 $ 583,000 $ 291,500 $ 341,000
Louisville-Jefferson County, KY-IN 2 $ 954,000 $ 477,000 $ 217,000
Madison, WI 2 $ 1,080,000 $ 540,000 $ 264,000
Memphis, TN-MS-AR 2 $ 166,000 $ 83,000 $ 104,000
Montgomery, AL 2 $ 835,000 $ 417,500 $ 468,000
Naples-Marco Island, FL 2 $ 1,249,000 $ 624,500 $ 1,765,000
Newark-Union, NJ-PA 2 $ 1,675,000 $ 837,500 $ 718,000
Ocean City, NJ 2 $ 659,000 $ 329,500 $ 152,000
Olympia, WA 2 $ 633,000 $ 316,500 $ 196,000
Pittsburgh, PA 2 $ 512,000 $ 256,000 $ 135,000
Portland-South Portland-Biddeford, ME 2 $ 693,000 $ 346,500 $ 230,000
Poughkeepsie-Newburgh-Middletown, NY 2 $ 643,000 $ 321,500 $ 268,000
Prescott, AZ 2 $ 849,000 $ 424,500 $ 268,000
Reading, PA 2 $ 711,000 $ 355,500 $ 224,000
Reno-Sparks, NV 2 $ 1,005,000 $ 502,500 $ 364,000
Rockingham County-Strafford County, NH 2 $ 802,000 $ 401,000 $ 226,000
Sarasota-Bradenton-Venice, FL 2 $ 1,018,000 $ 509,000 $ 549,000
St. George, UT 2 $ 1,101,000 $ 550,500 $ 1,122,000
Toledo, OH 2 $ 616,000 $ 308,000 $ 167,000
Trenton-Ewing, NJ 2 $ 1,131,000 $ 565,500 $ 340,000
Wilmington, NC 2 $ 1,108,000 $ 554,000 $ 326,000
Abilene, TX 1 $ 752,000 $ 752,000 $ 300,000
Albany-Schenectady-Troy, NY 1 $ 155,000 $ 155,000 $ 122,000
Asheville, NC 1 $ 189,000 $ 189,000 $ 85,000
Austin-Round Rock, TX 1 $ 504,000 $ 504,000 $ 213,000
Bakersfield, CA 1 $ 115,000 $ 115,000 $ 39,000
Bend, OR 1 $ 958,000 $ 958,000 $ 358,000
Bowling Green, KY 1 $ 520,000 $ 520,000 $ 183,000
Bremerton-Silverdale, WA 1 $ 128,000 $ 128,000 $ 47,000
Buffalo-Niagara Falls, NY 1 $ 306,000 $ 306,000 $ 650,000
Burlington-South Burlington, VT 1 $ 181,000 $ 181,000 $ 267,000
Chattanooga, TN-GA 1 $ 292,000 $ 292,000 $ 240,000
Cheyenne, WY 1 $ 748,000 $ 748,000 $ 1,083,000
Coeur D'Alene, ID 1 $ 702,000 $ 702,000 $ 464,000
Colorado Springs, CO 1 $ 490,000 $ 490,000 $ 174,000
Columbia, SC 1 $ 1,196,000 $ 1,196,000 $ 435,000
Davenport-Moline-Rock Island, IA-IL 1 $ 381,000 $ 381,000 $ 300,000
Dubuque, IA 1 $ 327,000 $ 327,000 $ 476,000
Eugene-Springfield, OR 1 $ 328,000 $ 328,000 $ 59,000
Fort Smith, AR-OK 1 $ 493,000 $ 493,000 $ 500,000
Gainesville, FL 1 $ 189,000 $ 189,000 $ 116,000
Gary, IN 1 $ 60,000 $ 60,000 $ 43,000
Grand Rapids-Wyoming, MI 1 $ 463,000 $ 463,000 $ 96,000
Green Bay, WI 1 $ 832,000 $ 832,000 $ 437,000
Hagerstown-Martinsburg, MD-WV 1 $ 308,000 $ 308,000 $ 77,000
Harrisburg-Carlisle, PA 1 $ 96,000 $ 96,000 $ 79,000
Hattiesburg, MS 1 $ 100,000 $ 100,000 $ 150,000
Idaho Falls, ID 1 $ 168,000 $ 168,000 $ 192,000
Jackson, TN 1 $ 121,000 $ 121,000 $ 72,000
Jacksonville, FL 1 $ 631,000 $ 631,000 $ 924,000
Knoxville, TN 1 $ 167,000 $ 167,000 $ 92,000
La Crosse, WI-MN 1 $ 575,000 $ 575,000 $ 280,000
Las Cruces, NM 1 $ 439,000 $ 439,000 $ 210,000
Lebanon, PA 1 $ 388,000 $ 388,000 $ 180,000
Longview, TX 1 $ 488,000 $ 488,000 $ 1,212,000
Medford, OR 1 $ 693,000 $ 693,000 $ 384,000
Mobile, AL 1 $ 235,000 $ 235,000 $ 125,000
Modesto, CA 1 $ 500,000 $ 500,000 $ 191,000
Mount Vernon-Anacortes, WA 1 $ 624,000 $ 624,000 $ 183,000
New Orleans-Metairie-Kenner, LA 1 $ 135,000 $ 135,000 $ 37,000
Palm Bay-Melbourne-Titusville, FL 1 $ 266,000 $ 266,000 $ 270,000
Pensacola-Ferry Pass-Brent, FL 1 $ 447,000 $ 447,000 $ 360,000
Provo-Orem, UT 1 $ 74,000 $ 74,000 $ 120,000
Raleigh-Cary, NC 1 $ 565,000 $ 565,000 $ 469,000
Roanoke, VA 1 $ 327,000 $ 327,000 $ 225,000
San Luis Obispo-Paso Robles, CA 1 $ 595,000 $ 595,000 $ 500,000
Sandusky, OH 1 $ 159,000 $ 159,000 $ 120,000
Santa Cruz-Watsonville, CA 1 $ 518,000 $ 518,000 $ 145,000
Santa Fe, NM 1 $ 745,000 $ 745,000 $ 349,000
Scranton--Wilkes-Barre, PA 1 $ 475,000 $ 475,000 $ 275,000
Sherman-Denison, TX 1 $ 493,000 $ 493,000 $ 168,000
Spokane, WA 1 $ 377,000 $ 377,000 $ 648,000
Springfield, OH 1 $ 96,000 $ 96,000 $ 95,000
Tampa-St. Petersburg-Clearwater, FL 1 $ 142,000 $ 142,000 $ 73,000
Tucson, AZ 1 $ 250,000 $ 250,000 $ 70,000
Tulsa, OK 1 $ 366,000 $ 366,000 $ 225,000
Yakima, WA 1 $ 46,000 $ 46,000 $ 25,000
York-Hanover, PA 1 $ 471,000 $ 471,000 $ 168,000

Mortgage Loan Application Detail Totals for Newalliance Bank in 2007

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 2,884 $653,940,000 $226,000 $4,000,000 $148,000 $4,800,000
Home Improvement 1,237 $71,283,000 $57,000 $1,759,000 $85,000 $1,012,000
Home Purchase 999 $361,514,000 $361,000 $5,800,000 $195,000 $6,478,000

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 3,958 $826,686,000 $208,000 $3,675,000 $145,000 $6,478,000
Not Provided 401 $87,959,000 $219,000 $1,625,000 $175,000 $1,892,000
Hispanic 304 $44,699,000 $147,000 $1,610,000 $80,000 $925,000
Black or African American 233 $37,053,000 $159,000 $4,000,000 $70,000 $676,000
Asian 175 $61,689,000 $352,000 $1,800,000 $207,000 $1,800,000
Not applicable 26 $22,407,000 $861,000 $5,800,000 $86,000 $829,000
American Indian or Alaskan Native 16 $4,948,000 $309,000 $2,000,000 $120,000 $525,000
Native Hawaiian or Other Pacific Islander 7 $1,296,000 $185,000 $735,000 $97,000 $245,000

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) 5,032 $1,070,158,000 $212,000 $5,800,000 $143,000 $6,478,000
FHA-insured (Federal Housing Administration) 87 $16,419,000 $188,000 $306,000 $62,000 $154,000
VA-guaranteed (Veterans Administration) 1 $160,000 $160,000 $160,000 $40,000 $40,000
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 2,987 $507,372,000 $169,000 $5,800,000 $117,000 $6,478,000
Loan Purchased By The Institution 872 $397,294,000 $455,000 $1,759,000 $308,000 $4,800,000
Application Denied By Financial Institution 839 $102,300,000 $121,000 $1,950,000 $75,000 $1,114,000
Application Withdrawn By Applicant 255 $60,821,000 $238,000 $3,000,000 $113,000 $1,225,000
Application Approved But Not Accepted 167 $18,950,000 $113,000 $1,400,000 $98,000 $585,000
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
Credit History 54 $11,572,000 $214,000 $1,245,000 $63,000 $277,000
Collateral 44 $14,647,000 $332,000 $1,950,000 $133,000 $1,114,000
Debt-To-Income Ratio 39 $9,004,000 $230,000 $815,000 $53,000 $180,000
Other 24 $5,560,000 $231,000 $620,000 $122,000 $427,000
Credit Application Incomplete 13 $4,033,000 $310,000 $1,200,000 $97,000 $371,000
Unverifiable Information 4 $1,486,000 $371,000 $740,000 $89,000 $155,000
Insufficient Cash (Downpayment, Closing Cost) 3 $1,364,000 $454,000 $702,000 $94,000 $163,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Newalliance Bank's 2007 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 Newalliance 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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