People's United Bank Mortgage Lending & HMDA Data, 2022
In 2022, People's United Bank of Bridgeport, CT reported 2,177 mortgage applications totaling $722.2 million, down 80% from 2021. The average application was for $331,747, and applicants reported an average income of $182,620. 58% of its applications resulted in an originated loan and 26% were denied. Its largest markets were Bridgeport-Stamford-Norwalk, CT (451), Hartford-West Hartford-East Hartford, CT (391) and New Haven-Milford, CT (197) (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 | 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 2,177 |
| Total Mortgage Loan Application Amount | $722,215,000 |
| Average Mortgage Loan Application Amount | $331,747 |
| Highest Mortgage Loan Application Amount | $17,005,000 |
| Average Applicant Income | $182,620 |
| Highest Applicant Income | $4,489,000 |
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Act (HMDA) records People's United Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Fairfield, Connecticut | 451 | $ 159,215,000 | $ 353,026 | $ 215,000 |
| Hartford, Connecticut | 275 | $ 50,525,000 | $ 183,727 | $ 122,000 |
| New Haven, Connecticut | 197 | $ 34,085,000 | $ 173,020 | $ 125,000 |
| Suffolk, New York | 109 | $ 40,095,000 | $ 367,844 | $ 219,000 |
| Hampden, Massachusetts | 97 | $ 13,965,000 | $ 143,969 | $ 95,000 |
| Tolland, Connecticut | 91 | $ 14,215,000 | $ 156,208 | $ 120,000 |
| Middlesex, Massachusetts | 72 | $ 35,300,000 | $ 490,277 | $ 222,000 |
| Essex, Massachusetts | 60 | $ 18,430,000 | $ 307,166 | $ 186,000 |
| New London, Connecticut | 52 | $ 9,660,000 | $ 185,769 | $ 140,000 |
| Rockingham, New Hampshire | 50 | $ 12,700,000 | $ 254,000 | $ 167,000 |
| Litchfield, Connecticut | 48 | $ 7,270,000 | $ 151,458 | $ 113,000 |
| Chittenden, Vermont | 42 | $ 36,480,000 | $ 868,571 | $ 166,000 |
| Nassau, New York | 38 | $ 20,920,000 | $ 550,526 | $ 290,000 |
| Westchester, New York | 38 | $ 14,750,000 | $ 388,157 | $ 227,000 |
| Bergen, New Jersey | 33 | $ 26,975,000 | $ 817,424 | $ 337,000 |
| Cumberland, Maine | 28 | $ 7,800,000 | $ 278,571 | $ 142,000 |
| Worcester, Massachusetts | 28 | $ 7,800,000 | $ 278,571 | $ 150,000 |
| Middlesex, Connecticut | 25 | $ 4,505,000 | $ 180,200 | $ 120,000 |
| York, Maine | 25 | $ 5,945,000 | $ 237,800 | $ 105,000 |
| Suffolk, Massachusetts | 22 | $ 13,100,000 | $ 595,454 | $ 444,000 |
| Norfolk, Massachusetts | 19 | $ 13,415,000 | $ 706,052 | $ 282,000 |
| Cheshire, New Hampshire | 19 | $ 2,495,000 | $ 131,315 | $ 116,000 |
| Windham, Vermont | 19 | $ 3,335,000 | $ 175,526 | $ 129,000 |
| Hudson, New Jersey | 18 | $ 15,240,000 | $ 846,666 | $ 297,000 |
| Middlesex, New Jersey | 16 | $ 12,400,000 | $ 775,000 | $ 247,000 |
| Kings, New York | 16 | $ 11,430,000 | $ 714,375 | $ 258,000 |
| Hillsborough, New Hampshire | 15 | $ 4,455,000 | $ 297,000 | $ 221,000 |
| Queens, New York | 15 | $ 8,925,000 | $ 595,000 | $ 199,000 |
| Windsor, Vermont | 15 | $ 3,045,000 | $ 203,000 | $ 135,000 |
| Franklin, Massachusetts | 14 | $ 2,480,000 | $ 177,142 | $ 99,000 |
| Strafford, New Hampshire | 12 | $ 2,530,000 | $ 210,833 | $ 123,000 |
| Bennington, Vermont | 12 | $ 3,260,000 | $ 271,666 | $ 163,000 |
| Lamoille, Vermont | 12 | $ 4,170,000 | $ 347,500 | $ 508,000 |
| New York, New York | 11 | $ 7,035,000 | $ 639,545 | $ 319,000 |
| Orleans, Vermont | 10 | $ 1,120,000 | $ 112,000 | $ 94,000 |
| Washington, Vermont | 10 | $ 12,220,000 | $ 1,222,000 | $ 118,000 |
| Ocean, New Jersey | 9 | $ 7,375,000 | $ 819,444 | $ 451,000 |
| Windham, Connecticut | 8 | $ 1,410,000 | $ 176,250 | $ 76,000 |
| Rockland, New York | 8 | $ 1,110,000 | $ 138,750 | $ 117,000 |
| Rutland, Vermont | 8 | $ 1,480,000 | $ 185,000 | $ 96,000 |
| Hampshire, Massachusetts | 7 | $ 1,125,000 | $ 160,714 | $ 104,000 |
| Oxford, Maine | 6 | $ 800,000 | $ 133,333 | $ 98,000 |
| Morris, New Jersey | 6 | $ 3,500,000 | $ 583,333 | $ 186,000 |
| Franklin, Vermont | 6 | $ 1,040,000 | $ 173,333 | $ 90,000 |
| Grand Isle, Vermont | 6 | $ 1,260,000 | $ 210,000 | $ 62,000 |
| Plymouth, Massachusetts | 5 | $ 3,055,000 | $ 611,000 | $ 759,000 |
| Carroll, New Hampshire | 5 | $ 1,135,000 | $ 227,000 | $ 150,000 |
| Somerset, New Jersey | 5 | $ 3,915,000 | $ 783,000 | $ 239,000 |
| Union, New Jersey | 4 | $ 2,430,000 | $ 607,500 | $ 228,000 |
| Bronx, New York | 4 | $ 1,430,000 | $ 357,500 | $ 123,000 |
| Richmond, New York | 4 | $ 650,000 | $ 162,500 | $ 59,000 |
| Addison, Vermont | 4 | $ 910,000 | $ 227,500 | $ 124,000 |
| Barnstable, Massachusetts | 3 | $ 2,705,000 | $ 901,666 | $ 1,042,000 |
| Monmouth, New Jersey | 3 | $ 2,145,000 | $ 715,000 | $ 201,000 |
| Washington, Rhode Island | 3 | $ 1,545,000 | $ 515,000 | $ 177,000 |
| Essex, Vermont | 3 | $ 395,000 | $ 131,666 | $ 95,000 |
| Martin, Florida | 2 | $ 1,410,000 | $ 705,000 | $ 1,136,000 |
| Berkshire, Massachusetts | 2 | $ 360,000 | $ 180,000 | $ 54,000 |
| Belknap, New Hampshire | 2 | $ 440,000 | $ 220,000 | $ 435,000 |
| Burlington, New Jersey | 2 | $ 1,330,000 | $ 665,000 | $ 147,000 |
| Passaic, New Jersey | 2 | $ 1,230,000 | $ 615,000 | $ 101,000 |
| Columbia, New York | 2 | $ 1,540,000 | $ 770,000 | $ 451,000 |
| Dutchess, New York | 2 | $ 1,030,000 | $ 515,000 | $ 127,000 |
| Otsego, New York | 2 | $ 530,000 | $ 265,000 | $ 200,000 |
| Putnam, New York | 2 | $ 270,000 | $ 135,000 | $ 132,000 |
| Washington, New York | 2 | $ 330,000 | $ 165,000 | $ 114,000 |
| Newport, Rhode Island | 2 | $ 210,000 | $ 105,000 | $ 174,000 |
| Davidson, Tennessee | 2 | $ 4,540,000 | $ 2,270,000 | $ 131,000 |
| Orange, Vermont | 2 | $ 380,000 | $ 190,000 | $ 483,000 |
| Collier, Florida | 1 | $ 1,145,000 | $ 1,145,000 | $ 635,000 |
| Monroe, Florida | 1 | $ 2,005,000 | $ 2,005,000 | $ 561,000 |
| Palm Beach, Florida | 1 | $ 255,000 | $ 255,000 | $ 83,000 |
| Franklin, Maine | 1 | $ 375,000 | $ 375,000 | $ 249,000 |
| Hancock, Maine | 1 | $ 425,000 | $ 425,000 | $ 292,000 |
| Lincoln, Maine | 1 | $ 655,000 | $ 655,000 | $ 731,000 |
| Penobscot, Maine | 1 | $ 355,000 | $ 355,000 | $ 0 |
| Waldo, Maine | 1 | $ 65,000 | $ 65,000 | $ 33,000 |
| Dukes, Massachusetts | 1 | $ 605,000 | $ 605,000 | $ 304,000 |
| Nantucket, Massachusetts | 1 | $ 805,000 | $ 805,000 | $ 250,000 |
| Oakland, Michigan | 1 | $ 5,355,000 | $ 5,355,000 | $ 0 |
| Grafton, New Hampshire | 1 | $ 135,000 | $ 135,000 | $ 57,000 |
| Sullivan, New Hampshire | 1 | $ 55,000 | $ 55,000 | $ 33,000 |
| Atlantic, New Jersey | 1 | $ 1,005,000 | $ 1,005,000 | $ 375,000 |
| Cape May, New Jersey | 1 | $ 685,000 | $ 685,000 | $ 516,000 |
| Essex, New Jersey | 1 | $ 875,000 | $ 875,000 | $ 477,000 |
| Gloucester, New Jersey | 1 | $ 295,000 | $ 295,000 | $ 150,000 |
| Mercer, New Jersey | 1 | $ 885,000 | $ 885,000 | $ 470,000 |
| Sussex, New Jersey | 1 | $ 175,000 | $ 175,000 | $ 207,000 |
| Clinton, New York | 1 | $ 255,000 | $ 255,000 | $ 156,000 |
| Orange, New York | 1 | $ 505,000 | $ 505,000 | $ 300,000 |
| Saratoga, New York | 1 | $ 375,000 | $ 375,000 | $ 289,000 |
| Schoharie, New York | 1 | $ 845,000 | $ 845,000 | $ 870,000 |
| Sullivan, New York | 1 | $ 305,000 | $ 305,000 | $ 204,000 |
| Ulster, New York | 1 | $ 325,000 | $ 325,000 | $ 327,000 |
| Warren, New York | 1 | $ 505,000 | $ 505,000 | $ 606,000 |
| Guilford, North Carolina | 1 | $ 6,605,000 | $ 6,605,000 | $ 0 |
| Delaware, Pennsylvania | 1 | $ 1,005,000 | $ 1,005,000 | $ 375,000 |
| Kent, Rhode Island | 1 | $ 155,000 | $ 155,000 | $ 200,000 |
| Providence, Rhode Island | 1 | $ 875,000 | $ 875,000 | $ 0 |
Mortgage Loan Application Detail Totals for People's United Bank in 2022
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 | 676 | $242,750,000 | $359,000 | $10,455,000 | $186,000 | $1,743,000 |
| Home Improvement | 649 | $111,545,000 | $171,000 | $1,355,000 | $163,000 | $3,126,000 |
| Home Purchase | 323 | $187,045,000 | $579,000 | $17,005,000 | $205,000 | $2,381,000 |
| Other Purpose | 268 | $55,430,000 | $206,000 | $1,805,000 | $167,000 | $4,489,000 |
| Cash-out Refinancing | 261 | $125,445,000 | $480,000 | $3,005,000 | $211,000 | $2,724,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 1,609 | $464,945,000 | $288,000 | $2,045,000 | $184,000 | $4,489,000 |
| Not Provided | 236 | $83,120,000 | $352,000 | $3,005,000 | $214,000 | $3,126,000 |
| Asian | 86 | $50,600,000 | $588,000 | $1,245,000 | $210,000 | $825,000 |
| Hispanic | 86 | $18,900,000 | $219,000 | $1,005,000 | $114,000 | $454,000 |
| Black or African American | 80 | $12,700,000 | $158,000 | $835,000 | $104,000 | $436,000 |
| Not applicable | 31 | $70,115,000 | $2,261,000 | $17,005,000 | $0 | $0 |
| American Indian or Alaskan Native | 8 | $2,940,000 | $367,000 | $835,000 | $125,000 | $300,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 2,162 | $718,510,000 | $332,000 | $17,005,000 | $183,000 | $4,489,000 |
| FHA-insured (Federal Housing Administration) | 11 | $2,925,000 | $265,000 | $415,000 | $86,000 | $117,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $545,000 | $181,000 | $205,000 | $66,000 | $83,000 |
| VA-guaranteed (Veterans Administration) | 1 | $235,000 | $235,000 | $235,000 | $54,000 | $54,000 |
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 | 1,269 | $435,805,000 | $343,000 | $17,005,000 | $194,000 | $4,489,000 |
| Application Denied By Financial Institution | 557 | $140,845,000 | $252,000 | $1,415,000 | $144,000 | $2,724,000 |
| Application Withdrawn By Applicant | 238 | $90,700,000 | $381,000 | $1,355,000 | $210,000 | $2,132,000 |
| File Closed For Incompleteness | 85 | $37,715,000 | $443,000 | $3,005,000 | $191,000 | $2,250,000 |
| Application Approved But Not Accepted | 27 | $17,055,000 | $631,000 | $10,455,000 | $150,000 | $485,000 |
| Loan Purchased By The Institution | 1 | $95,000 | $95,000 | $95,000 | $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 |
|---|---|---|---|---|---|---|
| Not applicable | 1,620 | $581,370,000 | $358,000 | $17,005,000 | $195,000 | $4,489,000 |
| Debt-To-Income Ratio | 245 | $64,735,000 | $264,000 | $1,295,000 | $92,000 | $486,000 |
| Credit History | 126 | $20,580,000 | $163,000 | $995,000 | $163,000 | $930,000 |
| Other | 87 | $30,755,000 | $353,000 | $1,215,000 | $211,000 | $983,000 |
| Collateral | 73 | $12,615,000 | $172,000 | $1,005,000 | $149,000 | $477,000 |
| Credit Application Incomplete | 19 | $9,085,000 | $478,000 | $1,415,000 | $315,000 | $2,724,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $2,665,000 | $533,000 | $1,005,000 | $269,000 | $375,000 |
| Unverifiable Information | 1 | $255,000 | $255,000 | $255,000 | $129,000 | $129,000 |
| Employment History | 1 | $155,000 | $155,000 | $155,000 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into People's United Bank's 2022 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.
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