Polish & Slavic Federal Credit Mortgage Lending & HMDA Data, 2010
In 2010, Polish & Slavic Federal Credit of Brooklyn, NY reported 809 mortgage applications totaling $235.5 million, up 38% from 2009. The average application was for $291,086, and applicants reported an average income of $84,653. 64% of its applications resulted in an originated loan and 11% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (434), Chicago-Joliet-Naperville, IL (136) and Nassau-Suffolk, NY (65) (applications in parentheses).
| Mortgage Company & Address | Polish & Slavic Federal Credit 100 McGuinness Blvd Brooklyn, NY 11222 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 | 809 |
| Total Mortgage Loan Application Amount | $235,489,000 |
| Average Mortgage Loan Application Amount | $291,086 |
| Highest Mortgage Loan Application Amount | $2,600,000 |
| Average Applicant Income | $84,653 |
| Highest Applicant Income | $619,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Polish & Slavic Federal Credit filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Queens, New York | 151 | $ 46,320,000 | $ 306,754 | $ 87,000 |
| Kings, New York | 124 | $ 63,304,000 | $ 510,516 | $ 65,000 |
| Cook, Illinois | 118 | $ 18,485,000 | $ 156,652 | $ 57,000 |
| Bergen, New Jersey | 59 | $ 16,170,000 | $ 274,067 | $ 99,000 |
| Suffolk, New York | 44 | $ 10,877,000 | $ 247,204 | $ 105,000 |
| Passaic, New Jersey | 35 | $ 8,608,000 | $ 245,942 | $ 98,000 |
| Middlesex, New Jersey | 27 | $ 6,552,000 | $ 242,666 | $ 94,000 |
| Union, New Jersey | 27 | $ 6,621,000 | $ 245,222 | $ 92,000 |
| Nassau, New York | 21 | $ 6,129,000 | $ 291,857 | $ 137,000 |
| Hudson, New Jersey | 20 | $ 4,743,000 | $ 237,150 | $ 73,000 |
| Morris, New Jersey | 16 | $ 4,734,000 | $ 295,875 | $ 109,000 |
| Richmond, New York | 16 | $ 3,998,000 | $ 249,875 | $ 82,000 |
| Monroe, Pennsylvania | 14 | $ 2,088,000 | $ 149,142 | $ 94,000 |
| Essex, New Jersey | 13 | $ 3,986,000 | $ 306,615 | $ 140,000 |
| Mercer, New Jersey | 13 | $ 1,627,000 | $ 125,153 | $ 68,000 |
| Westchester, New York | 11 | $ 4,799,000 | $ 436,272 | $ 94,000 |
| DuPage, Illinois | 10 | $ 1,408,000 | $ 140,800 | $ 73,000 |
| New York, New York | 9 | $ 9,203,000 | $ 1,022,555 | $ 97,000 |
| Somerset, New Jersey | 7 | $ 1,589,000 | $ 227,000 | $ 60,000 |
| Orange, New York | 7 | $ 1,077,000 | $ 153,857 | $ 58,000 |
| Monmouth, New Jersey | 5 | $ 658,000 | $ 131,600 | $ 55,000 |
| Warren, New Jersey | 5 | $ 1,111,000 | $ 222,200 | $ 153,000 |
| Putnam, New York | 5 | $ 1,217,000 | $ 243,400 | $ 87,000 |
| McHenry, Illinois | 4 | $ 405,000 | $ 101,250 | $ 57,000 |
| Sussex, New Jersey | 4 | $ 988,000 | $ 247,000 | $ 100,000 |
| Bucks, Pennsylvania | 4 | $ 677,000 | $ 169,250 | $ 91,000 |
| Hunterdon, New Jersey | 3 | $ 587,000 | $ 195,666 | $ 122,000 |
| Rockland, New York | 3 | $ 699,000 | $ 233,000 | $ 155,000 |
| Sullivan, New York | 3 | $ 415,000 | $ 138,333 | $ 91,000 |
| Philadelphia, Pennsylvania | 3 | $ 142,000 | $ 47,333 | $ 55,000 |
| Kane, Illinois | 2 | $ 249,000 | $ 124,500 | $ 162,000 |
| Lake, Illinois | 2 | $ 159,000 | $ 79,500 | $ 50,000 |
| Will, Illinois | 2 | $ 1,046,000 | $ 523,000 | $ 131,000 |
| Burlington, New Jersey | 2 | $ 418,000 | $ 209,000 | $ 39,000 |
| Ocean, New Jersey | 2 | $ 395,000 | $ 197,500 | $ 76,000 |
| Berks, Pennsylvania | 2 | $ 204,000 | $ 102,000 | $ 48,000 |
| Lehigh, Pennsylvania | 2 | $ 315,000 | $ 157,500 | $ 70,000 |
| Montgomery, Pennsylvania | 2 | $ 767,000 | $ 383,500 | $ 124,000 |
| Camden, New Jersey | 1 | $ 156,000 | $ 156,000 | $ 45,000 |
| Bronx, New York | 1 | $ 300,000 | $ 300,000 | $ 61,000 |
| Delaware, New York | 1 | $ 70,000 | $ 70,000 | $ 132,000 |
| Greene, New York | 1 | $ 70,000 | $ 70,000 | $ 66,000 |
| Monroe, New York | 1 | $ 72,000 | $ 72,000 | $ 50,000 |
| Saratoga, New York | 1 | $ 408,000 | $ 408,000 | $ 182,000 |
| Carbon, Pennsylvania | 1 | $ 104,000 | $ 104,000 | $ 60,000 |
| Lackawanna, Pennsylvania | 1 | $ 72,000 | $ 72,000 | $ 28,000 |
| Northampton, Pennsylvania | 1 | $ 1,100,000 | $ 1,100,000 | $ 496,000 |
| Pike, Pennsylvania | 1 | $ 116,000 | $ 116,000 | $ 120,000 |
| Schuylkill, Pennsylvania | 1 | $ 35,000 | $ 35,000 | $ 78,000 |
| Wayne, Pennsylvania | 1 | $ 216,000 | $ 216,000 | $ 130,000 |
Mortgage Loan Application Detail Totals for Polish & Slavic Federal Credit 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 435 | $111,054,000 | $255,000 | $2,600,000 | $84,000 | $396,000 |
| Refinancing | 301 | $101,495,000 | $337,000 | $2,065,000 | $86,000 | $576,000 |
| Home Improvement | 73 | $22,940,000 | $314,000 | $750,000 | $83,000 | $619,000 |
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 | 776 | $215,168,000 | $277,000 | $2,600,000 | $87,000 | $619,000 |
| Not applicable | 25 | $17,834,000 | $713,000 | $1,790,000 | $0 | $0 |
| Hispanic | 6 | $1,835,000 | $305,000 | $578,000 | $91,000 | $135,000 |
| Asian | 2 | $652,000 | $326,000 | $431,000 | $50,000 | $100,000 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 809 | $235,489,000 | $291,000 | $2,600,000 | $84,000 | $619,000 |
| 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 | 521 | $136,420,000 | $261,000 | $1,500,000 | $81,000 | $619,000 |
| Application Withdrawn By Applicant | 142 | $47,695,000 | $335,000 | $2,600,000 | $97,000 | $328,000 |
| Application Denied By Financial Institution | 89 | $34,043,000 | $382,000 | $2,065,000 | $90,000 | $496,000 |
| Application Approved But Not Accepted | 37 | $10,353,000 | $279,000 | $900,000 | $80,000 | $310,000 |
| File Closed For Incompleteness | 20 | $6,978,000 | $348,000 | $750,000 | $76,000 | $336,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 14 | $5,978,000 | $427,000 | $1,790,000 | $66,000 | $232,000 |
| Collateral | 10 | $3,553,000 | $355,000 | $1,100,000 | $157,000 | $496,000 |
| Credit History | 7 | $1,195,000 | $170,000 | $417,000 | $67,000 | $140,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $2,904,000 | $580,000 | $1,100,000 | $22,000 | $112,000 |
| Other | 3 | $2,773,000 | $924,000 | $1,700,000 | $24,000 | $74,000 |
| Credit Application Incomplete | 2 | $678,000 | $339,000 | $500,000 | $79,000 | $132,000 |
| Unverifiable Information | 1 | $1,500,000 | $1,500,000 | $1,500,000 | $329,000 | $329,000 |
| Mortgage Insurance Denied | 1 | $288,000 | $288,000 | $288,000 | $71,000 | $71,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Polish & Slavic Federal Credit'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 Polish & Slavic Federal Credit'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 New York, download the full spreadsheet
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