People's United Bank Mortgage Lending & HMDA Data, 2010
In 2010, People's United Bank of Bridgeport, CT reported 11,456 mortgage applications totaling $2.6 billion, up 4% from 2009. The average application was for $230,272, and applicants reported an average income of $133,920. 57% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Bridgeport-Stamford-Norwalk, CT (2,125), Hartford-West Hartford-East Hartford, CT (1,774) and New Haven-Milford, CT (1,560) (applications in parentheses).
| Mortgage Company & Address | People's United Bank 850 Main Street Bridgeport, CT 06604 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 |
| Total Number of Mortgage Applications | 11,456 |
| Total Mortgage Loan Application Amount | $2,638,002,000 |
| Average Mortgage Loan Application Amount | $230,272 |
| Highest Mortgage Loan Application Amount | $23,300,000 |
| Average Applicant Income | $133,920 |
| Highest Applicant Income | $7,488,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records People's United Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Bridgeport-Stamford-Norwalk, CT | 2,125 | $ 707,407,000 | $ 332,897 | $ 194,000 |
| Hartford-West Hartford-East Hartford, CT | 1,774 | $ 326,622,000 | $ 184,116 | $ 135,000 |
| New Haven-Milford, CT | 1,560 | $ 291,310,000 | $ 186,737 | $ 126,000 |
| Burlington-South Burlington, VT | 563 | $ 133,251,000 | $ 236,680 | $ 118,000 |
| Norwich-New London, CT | 408 | $ 82,707,000 | $ 202,713 | $ 118,000 |
| Springfield, MA | 334 | $ 65,141,000 | $ 195,032 | $ 115,000 |
| Bangor, ME | 324 | $ 43,848,000 | $ 135,333 | $ 94,000 |
| Portland-South Portland-Biddeford, ME | 314 | $ 69,206,000 | $ 220,401 | $ 138,000 |
| Rockingham County-Strafford County, NH | 283 | $ 56,786,000 | $ 200,657 | $ 105,000 |
| Manchester-Nashua, NH | 151 | $ 29,657,000 | $ 196,403 | $ 108,000 |
| Worcester, MA | 138 | $ 23,577,000 | $ 170,847 | $ 147,000 |
| Peabody, MA | 128 | $ 29,110,000 | $ 227,421 | $ 120,000 |
| New York-White Plains-Wayne, NY-NJ | 86 | $ 65,608,000 | $ 762,883 | $ 426,000 |
| Cambridge-Newton-Framingham, MA | 67 | $ 21,434,000 | $ 319,910 | $ 124,000 |
| Boston-Quincy, MA | 44 | $ 70,143,000 | $ 1,594,159 | $ 151,000 |
| Nassau-Suffolk, NY | 16 | $ 12,604,000 | $ 787,750 | $ 330,000 |
| Barnstable Town, MA | 13 | $ 8,625,000 | $ 663,461 | $ 277,000 |
| Lewiston-Auburn, ME | 11 | $ 1,472,000 | $ 133,818 | $ 96,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 5 | $ 639,000 | $ 127,800 | $ 73,000 |
| Pittsfield, MA | 4 | $ 1,192,000 | $ 298,000 | $ 179,000 |
| Glens Falls, NY | 3 | $ 457,000 | $ 152,333 | $ 56,000 |
| Providence-New Bedford-Fall River, RI-MA | 3 | $ 1,587,000 | $ 529,000 | $ 72,000 |
| Albany-Schenectady-Troy, NY | 2 | $ 321,000 | $ 160,500 | $ 74,000 |
| Cincinnati-Middletown, OH-KY-IN | 2 | $ 7,000,000 | $ 3,500,000 | $ 0 |
| Atlanta-Sandy Springs-Marietta, GA | 1 | $ 3,430,000 | $ 3,430,000 | $ 0 |
| Dayton, OH | 1 | $ 2,665,000 | $ 2,665,000 | $ 0 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 230,000 | $ 230,000 | $ 0 |
| Naples-Marco Island, FL | 1 | $ 458,000 | $ 458,000 | $ 0 |
Mortgage Loan Application Detail Totals for People's United Bank in 2010
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 | 6,421 | $1,622,108,000 | $252,000 | $23,300,000 | $155,000 | $5,985,000 |
| Home Purchase | 3,895 | $861,693,000 | $221,000 | $15,300,000 | $105,000 | $7,488,000 |
| Home Improvement | 1,140 | $154,201,000 | $135,000 | $6,700,000 | $114,000 | $3,840,000 |
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 | 8,546 | $1,880,233,000 | $220,000 | $5,000,000 | $139,000 | $7,488,000 |
| Not Provided | 1,262 | $304,463,000 | $241,000 | $3,200,000 | $141,000 | $4,569,000 |
| Hispanic | 527 | $86,158,000 | $163,000 | $1,920,000 | $94,000 | $4,062,000 |
| Black or African American | 466 | $79,164,000 | $169,000 | $1,900,000 | $74,000 | $1,000,000 |
| Asian | 323 | $70,605,000 | $218,000 | $1,350,000 | $175,000 | $4,643,000 |
| Not applicable | 177 | $178,594,000 | $1,009,000 | $23,300,000 | $0 | $39,000 |
| Native Hawaiian or Other Pacific Islander | 119 | $32,531,000 | $273,000 | $1,894,000 | $118,000 | $671,000 |
| American Indian or Alaskan Native | 36 | $6,254,000 | $173,000 | $850,000 | $321,000 | $3,840,000 |
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) | 10,077 | $2,379,174,000 | $236,000 | $23,300,000 | $143,000 | $7,488,000 |
| FHA-insured (Federal Housing Administration) | 1,204 | $229,476,000 | $190,000 | $720,000 | $65,000 | $471,000 |
| VA-guaranteed (Veterans Administration) | 93 | $16,872,000 | $181,000 | $379,000 | $59,000 | $147,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 82 | $12,480,000 | $152,000 | $275,000 | $49,000 | $82,000 |
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 | 6,549 | $1,503,345,000 | $229,000 | $23,300,000 | $121,000 | $5,985,000 |
| Application Denied By Financial Institution | 1,580 | $323,349,000 | $204,000 | $3,435,000 | $102,000 | $2,875,000 |
| Application Withdrawn By Applicant | 1,158 | $299,060,000 | $258,000 | $1,920,000 | $231,000 | $7,488,000 |
| Preapproval Approved but not Accepted | 797 | $176,488,000 | $221,000 | $1,500,000 | $88,000 | $2,043,000 |
| Application Approved But Not Accepted | 565 | $143,146,000 | $253,000 | $8,000,000 | $136,000 | $3,857,000 |
| File Closed For Incompleteness | 525 | $138,239,000 | $263,000 | $7,200,000 | $276,000 | $4,080,000 |
| Preapproval Denied by Financial Institution | 281 | $53,591,000 | $190,000 | $1,200,000 | $65,000 | $1,026,000 |
| Loan Purchased By The Institution | 1 | $784,000 | $784,000 | $784,000 | $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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 736 | $149,408,000 | $203,000 | $3,435,000 | $60,000 | $600,000 |
| Collateral | 538 | $128,009,000 | $237,000 | $2,300,000 | $137,000 | $2,875,000 |
| Credit History | 426 | $65,157,000 | $152,000 | $3,000,000 | $105,000 | $2,040,000 |
| Other | 80 | $16,856,000 | $210,000 | $1,200,000 | $139,000 | $1,796,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 33 | $5,635,000 | $170,000 | $417,000 | $66,000 | $325,000 |
| Employment History | 20 | $4,835,000 | $241,000 | $1,000,000 | $55,000 | $184,000 |
| Unverifiable Information | 18 | $5,079,000 | $282,000 | $1,480,000 | $82,000 | $285,000 |
| Mortgage Insurance Denied | 6 | $1,306,000 | $217,000 | $378,000 | $92,000 | $168,000 |
| Credit Application Incomplete | 4 | $655,000 | $163,000 | $280,000 | $57,000 | $111,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into People's United Bank's 2010 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 People's United 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.
For a list of all lenders in Connecticut, download the full spreadsheet
with aggregated HMDA statistics today.
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