Peapack Private Bank & Trust Mortgage Lending & HMDA Data, 2007
In 2007, Peapack Private Bank & Trust of Bedminster, NJ reported 331 mortgage applications totaling $98.0 million, down 34% from 2006. The average application was for $296,184, and applicants reported an average income of $184,640. 86% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Newark-Union, NJ-PA (170), Edison, NJ (130) and Allentown-Bethlehem-Easton, PA-NJ (12) (applications in parentheses).
| Mortgage Company & Address | Peapack Private Bank & Trust 500 Hills Drive Bedminster, NJ 07921 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 331 |
| Total Mortgage Loan Application Amount | $98,037,000 |
| Average Mortgage Loan Application Amount | $296,184 |
| Highest Mortgage Loan Application Amount | $3,325,000 |
| Average Applicant Income | $184,640 |
| Highest Applicant Income | $2,426,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Peapack Private Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Peapack Private Bank & Trust 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 | 123 | $34,566,000 | $281,000 | $3,325,000 | $170,000 | $1,744,000 |
| Home Purchase | 111 | $46,940,000 | $422,000 | $3,000,000 | $239,000 | $2,426,000 |
| Home Improvement | 97 | $16,531,000 | $170,000 | $2,175,000 | $141,000 | $1,872,000 |
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 | 256 | $66,401,000 | $259,000 | $3,325,000 | $175,000 | $2,426,000 |
| Not Provided | 41 | $16,954,000 | $413,000 | $2,419,000 | $334,000 | $1,872,000 |
| Not applicable | 16 | $9,930,000 | $620,000 | $2,500,000 | $0 | $0 |
| Asian | 11 | $3,872,000 | $352,000 | $806,000 | $207,000 | $777,000 |
| Hispanic | 4 | $646,000 | $161,000 | $240,000 | $44,000 | $73,000 |
| Black or African American | 3 | $234,000 | $78,000 | $159,000 | $60,000 | $74,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 331 | $98,037,000 | $296,000 | $3,325,000 | $185,000 | $2,426,000 |
| 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 | 284 | $82,738,000 | $291,000 | $3,000,000 | $179,000 | $2,426,000 |
| Application Approved But Not Accepted | 22 | $5,285,000 | $240,000 | $1,000,000 | $230,000 | $1,075,000 |
| Application Denied By Financial Institution | 19 | $3,437,000 | $180,000 | $806,000 | $109,000 | $337,000 |
| Application Withdrawn By Applicant | 4 | $6,262,000 | $1,565,000 | $3,325,000 | $754,000 | $1,872,000 |
| File Closed For Incompleteness | 2 | $315,000 | $157,000 | $250,000 | $133,000 | $170,000 |
| Loan Purchased By The Institution | 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 Peapack Private Bank & Trust'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 Peapack Private Bank & Trust'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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