PHH Home Loans, LLC Mortgage Lending & HMDA Data, 2018
In 2018, PHH Home Loans, LLC of Mt Laurel, NJ reported 222 mortgage applications totaling $65.3 million, down 99% from 2017. The average application was for $294,009, and applicants reported an average income of $122,995. 52% of its applications resulted in an originated loan and 36% were denied. Its largest markets were Newark, NJ-PA (32), New York-Jersey City-White Plains, NY-NJ (31) and Nassau County-Suffolk County, NY (12) (applications in parentheses).
| Mortgage Company & Address | PHH Home Loans, LLC 1 Mortgage Way 2nd Floor Mt Laurel, NJ 08054 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 |
| Total Number of Mortgage Applications | 222 |
| Total Mortgage Loan Application Amount | $65,270,000 |
| Average Mortgage Loan Application Amount | $294,009 |
| Highest Mortgage Loan Application Amount | $1,545,000 |
| Average Applicant Income | $122,995 |
| Highest Applicant Income | $461,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records PHH Home Loans, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Newark, NJ-PA | 32 | $ 13,240,000 | $ 413,750 | $ 125,000 |
| New York-Jersey City-White Plains, NY-NJ | 31 | $ 10,855,000 | $ 350,161 | $ 134,838 |
| Nassau County-Suffolk County, NY | 12 | $ 3,290,000 | $ 274,166 | $ 105,000 |
| Outside any metro area | 10 | $ 2,030,000 | $ 203,000 | $ 121,400 |
| Tucson, AZ | 9 | $ 2,515,000 | $ 279,444 | $ 141,000 |
| Dallas-Plano-Irving, TX | 8 | $ 2,880,000 | $ 360,000 | $ 179,000 |
| Houston-The Woodlands-Sugar Land, TX | 7 | $ 1,575,000 | $ 225,000 | $ 112,000 |
| New Haven-Milford, CT | 6 | $ 480,000 | $ 80,000 | $ 67,000 |
| Philadelphia, PA | 6 | $ 1,250,000 | $ 208,333 | $ 91,000 |
| Bridgeport-Stamford-Norwalk, CT | 4 | $ 1,330,000 | $ 332,500 | $ 99,000 |
| Orlando-Kissimmee-Sanford, FL | 4 | $ 960,000 | $ 240,000 | $ 88,000 |
| Pittsburgh, PA | 4 | $ 510,000 | $ 127,500 | $ 80,000 |
| St. Louis, MO-IL | 4 | $ 1,280,000 | $ 320,000 | $ 159,000 |
| Hartford-West Hartford-East Hartford, CT | 3 | $ 265,000 | $ 88,333 | $ 52,000 |
| Lake Havasu City-Kingman, AZ | 3 | $ 455,000 | $ 151,666 | $ 36,000 |
| Memphis, TN-MS-AR | 3 | $ 745,000 | $ 248,333 | $ 146,000 |
| Phoenix-Mesa-Scottsdale, AZ | 3 | $ 685,000 | $ 228,333 | $ 163,000 |
| Atlanta-Sandy Springs-Roswell, GA | 2 | $ 620,000 | $ 310,000 | $ 112,000 |
| Boston, MA | 2 | $ 730,000 | $ 365,000 | $ 122,000 |
| Cambridge-Newton-Framingham, MA | 2 | $ 470,000 | $ 235,000 | $ 132,000 |
| Charlotte-Concord-Gastonia, NC-SC | 2 | $ 510,000 | $ 255,000 | $ 111,000 |
| Cincinnati, OH-KY-IN | 2 | $ 650,000 | $ 325,000 | $ 129,000 |
| Denver-Aurora-Lakewood, CO | 2 | $ 680,000 | $ 340,000 | $ 132,000 |
| Lakeland-Winter Haven, FL | 2 | $ 320,000 | $ 160,000 | $ 89,000 |
| Lancaster, PA | 2 | $ 370,000 | $ 185,000 | $ 43,000 |
| Midland, TX | 2 | $ 470,000 | $ 235,000 | $ 87,000 |
| Montgomery County-Bucks County-Chester County, PA | 2 | $ 710,000 | $ 355,000 | $ 117,000 |
| Mount Vernon-Anacortes, WA | 2 | $ 800,000 | $ 400,000 | $ 140,000 |
| Norwich-New London, CT | 2 | $ 370,000 | $ 185,000 | $ 77,000 |
| Oklahoma City, OK | 2 | $ 360,000 | $ 180,000 | $ 96,000 |
| Reading, PA | 2 | $ 580,000 | $ 290,000 | $ 115,000 |
| Rockingham County-Strafford County, NH | 2 | $ 550,000 | $ 275,000 | $ 94,000 |
| San Antonio-New Braunfels, TX | 2 | $ 770,000 | $ 385,000 | $ 303,000 |
| Trenton, NJ | 2 | $ 660,000 | $ 330,000 | $ 195,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 2 | $ 700,000 | $ 350,000 | $ 182,000 |
| Akron, OH | 1 | $ 145,000 | $ 145,000 | $ 94,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 1 | $ 405,000 | $ 405,000 | $ 182,000 |
| Amarillo, TX | 1 | $ 275,000 | $ 275,000 | $ 110,000 |
| Atlantic City-Hammonton, NJ | 1 | $ 295,000 | $ 295,000 | $ 180,000 |
| Austin-Round Rock, TX | 1 | $ 155,000 | $ 155,000 | $ 72,000 |
| Baltimore-Columbia-Towson, MD | 1 | $ 285,000 | $ 285,000 | $ 85,000 |
| Bloomsburg-Berwick, PA | 1 | $ 265,000 | $ 265,000 | $ 160,000 |
| Camden, NJ | 1 | $ 485,000 | $ 485,000 | $ 240,000 |
| Chambersburg-Waynesboro, PA | 1 | $ 375,000 | $ 375,000 | $ 86,000 |
| Chattanooga, TN-GA | 1 | $ 395,000 | $ 395,000 | $ 150,000 |
| Chicago-Naperville-Arlington Heights, IL | 1 | $ 285,000 | $ 285,000 | $ 131,000 |
| Colorado Springs, CO | 1 | $ 405,000 | $ 405,000 | $ 156,000 |
| Columbus, IN | 1 | $ 95,000 | $ 95,000 | $ 50,000 |
| Dalton, GA | 1 | $ 255,000 | $ 255,000 | $ 200,000 |
| Florence-Muscle Shoals, AL | 1 | $ 185,000 | $ 185,000 | $ 112,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 295,000 | $ 295,000 | $ 117,000 |
| Greeley, CO | 1 | $ 275,000 | $ 275,000 | $ 104,000 |
| Gulfport-Biloxi-Pascagoula, MS | 1 | $ 235,000 | $ 235,000 | $ 98,000 |
| Huntington-Ashland, WV-KY-OH | 1 | $ 225,000 | $ 225,000 | $ 105,000 |
| Kennewick-Richland, WA | 1 | $ 285,000 | $ 285,000 | $ 112,000 |
| Lexington-Fayette, KY | 1 | $ 105,000 | $ 105,000 | $ 109,000 |
| Madison, WI | 1 | $ 285,000 | $ 285,000 | $ 115,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 195,000 | $ 195,000 | $ 71,000 |
| New Orleans-Metairie, LA | 1 | $ 285,000 | $ 285,000 | $ 73,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 315,000 | $ 315,000 | $ 206,000 |
| Peoria, IL | 1 | $ 215,000 | $ 215,000 | $ 130,000 |
| Port St. Lucie, FL | 1 | $ 255,000 | $ 255,000 | $ 127,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 1 | $ 305,000 | $ 305,000 | $ 103,000 |
| Raleigh, NC | 1 | $ 425,000 | $ 425,000 | $ 180,000 |
| San Diego-Carlsbad, CA | 1 | $ 505,000 | $ 505,000 | $ 150,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 1 | $ 285,000 | $ 285,000 | $ 214,000 |
| Springfield, MA | 1 | $ 345,000 | $ 345,000 | $ 208,000 |
| Tacoma-Lakewood, WA | 1 | $ 505,000 | $ 505,000 | $ 165,000 |
| Tallahassee, FL | 1 | $ 295,000 | $ 295,000 | $ 155,000 |
| Tulsa, OK | 1 | $ 245,000 | $ 245,000 | $ 75,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 355,000 | $ 355,000 | $ 105,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 65,000 | $ 65,000 | $ 22,000 |
Mortgage Loan Application Detail Totals for PHH Home Loans, LLC in 2018
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 | 199 | $59,135,000 | $297,000 | $1,545,000 | $125,000 | $461,000 |
| Refinancing | 14 | $3,700,000 | $264,000 | $545,000 | $108,000 | $266,000 |
| Cash-out Refinancing | 9 | $2,435,000 | $270,000 | $785,000 | $102,000 | $215,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 | 134 | $38,510,000 | $287,000 | $875,000 | $122,000 | $461,000 |
| Not Provided | 47 | $16,175,000 | $344,000 | $1,105,000 | $139,000 | $406,000 |
| Hispanic | 15 | $2,695,000 | $179,000 | $325,000 | $83,000 | $156,000 |
| Asian | 14 | $4,030,000 | $287,000 | $775,000 | $114,000 | $303,000 |
| Black or African American | 12 | $3,860,000 | $321,000 | $1,545,000 | $129,000 | $294,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 171 | $52,335,000 | $306,000 | $1,545,000 | $131,000 | $461,000 |
| FHA-insured (Federal Housing Administration) | 37 | $8,615,000 | $232,000 | $505,000 | $85,000 | $197,000 |
| VA-guaranteed (Veterans Administration) | 13 | $4,225,000 | $325,000 | $675,000 | $121,000 | $221,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $95,000 | $95,000 | $95,000 | $72,000 | $72,000 |
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 | 115 | $31,945,000 | $277,000 | $675,000 | $128,000 | $406,000 |
| Application Denied By Financial Institution | 80 | $26,860,000 | $335,000 | $1,545,000 | $119,000 | $461,000 |
| Application Withdrawn By Applicant | 20 | $4,810,000 | $240,000 | $635,000 | $113,000 | $266,000 |
| Application Approved But Not Accepted | 6 | $1,280,000 | $213,000 | $305,000 | $112,000 | $235,000 |
| File Closed For Incompleteness | 1 | $375,000 | $375,000 | $375,000 | $78,000 | $78,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 142 | $38,410,000 | $270,000 | $675,000 | $125,000 | $406,000 |
| Debt-To-Income Ratio | 42 | $11,950,000 | $284,000 | $1,545,000 | $85,000 | $294,000 |
| Credit History | 19 | $6,425,000 | $338,000 | $1,105,000 | $137,000 | $440,000 |
| Other | 6 | $1,790,000 | $298,000 | $555,000 | $126,000 | $344,000 |
| Collateral | 5 | $2,035,000 | $407,000 | $875,000 | $193,000 | $461,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $2,110,000 | $527,000 | $785,000 | $178,000 | $291,000 |
| Employment History | 3 | $1,845,000 | $615,000 | $825,000 | $209,000 | $260,000 |
| Credit Application Incomplete | 1 | $705,000 | $705,000 | $705,000 | $311,000 | $311,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into PHH Home Loans, LLC's 2018 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 PHH Home Loans, LLC'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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