Polish & Slavic Federal Credit Mortgage Lending & HMDA Data, 2012
In 2012, Polish & Slavic Federal Credit of Brooklyn, NY reported 1,347 mortgage applications totaling $296.6 million, up 26% from 2011. The average application was for $220,156, and applicants reported an average income of $80,057. 67% of its applications resulted in an originated loan and 10% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (583), Chicago-Joliet-Naperville, IL (459) and Newark-Union, NJ-PA (97) (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 | 1,347 |
| Total Mortgage Loan Application Amount | $296,551,000 |
| Average Mortgage Loan Application Amount | $220,156 |
| Highest Mortgage Loan Application Amount | $1,412,000 |
| Average Applicant Income | $80,057 |
| Highest Applicant Income | $1,091,000 |
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records Polish & Slavic Federal Credit filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Cook, Illinois | 386 | $ 40,037,000 | $ 103,722 | $ 62,000 |
| Queens, New York | 217 | $ 65,940,000 | $ 303,870 | $ 92,000 |
| Kings, New York | 158 | $ 74,408,000 | $ 470,936 | $ 81,000 |
| Bergen, New Jersey | 86 | $ 18,974,000 | $ 220,627 | $ 92,000 |
| Union, New Jersey | 47 | $ 8,887,000 | $ 189,085 | $ 70,000 |
| Richmond, New York | 41 | $ 10,778,000 | $ 262,878 | $ 85,000 |
| Suffolk, New York | 39 | $ 8,343,000 | $ 213,923 | $ 89,000 |
| DuPage, Illinois | 37 | $ 3,853,000 | $ 104,135 | $ 62,000 |
| Passaic, New Jersey | 37 | $ 8,111,000 | $ 219,216 | $ 87,000 |
| Middlesex, New Jersey | 34 | $ 7,284,000 | $ 214,235 | $ 89,000 |
| Nassau, New York | 24 | $ 8,390,000 | $ 349,583 | $ 151,000 |
| Morris, New Jersey | 23 | $ 6,241,000 | $ 271,347 | $ 113,000 |
| Will, Illinois | 21 | $ 2,621,000 | $ 124,809 | $ 71,000 |
| Hudson, New Jersey | 16 | $ 4,002,000 | $ 250,125 | $ 60,000 |
| Mercer, New Jersey | 16 | $ 1,816,000 | $ 113,500 | $ 65,000 |
| Somerset, New Jersey | 11 | $ 1,440,000 | $ 130,909 | $ 103,000 |
| Philadelphia, Pennsylvania | 11 | $ 1,222,000 | $ 111,090 | $ 37,000 |
| Essex, New Jersey | 10 | $ 2,802,000 | $ 280,200 | $ 138,000 |
| Westchester, New York | 10 | $ 2,483,000 | $ 248,300 | $ 121,000 |
| Pike, Pennsylvania | 10 | $ 620,000 | $ 62,000 | $ 68,000 |
| McHenry, Illinois | 9 | $ 628,000 | $ 69,777 | $ 62,000 |
| Monmouth, New Jersey | 9 | $ 1,372,000 | $ 152,444 | $ 87,000 |
| Monroe, Pennsylvania | 9 | $ 777,000 | $ 86,333 | $ 72,000 |
| Putnam, New York | 7 | $ 1,412,000 | $ 201,714 | $ 95,000 |
| Sussex, New Jersey | 6 | $ 641,000 | $ 106,833 | $ 91,000 |
| New York, New York | 6 | $ 3,319,000 | $ 553,166 | $ 176,000 |
| Bucks, Pennsylvania | 6 | $ 952,000 | $ 158,666 | $ 57,000 |
| Lake, Illinois | 5 | $ 733,000 | $ 146,600 | $ 101,000 |
| Orange, New York | 5 | $ 770,000 | $ 154,000 | $ 251,000 |
| Rockland, New York | 5 | $ 941,000 | $ 188,200 | $ 97,000 |
| Kane, Illinois | 4 | $ 472,000 | $ 118,000 | $ 70,000 |
| Warren, New Jersey | 4 | $ 739,000 | $ 184,750 | $ 30,000 |
| Sullivan, New York | 4 | $ 463,000 | $ 115,750 | $ 152,000 |
| Montgomery, Pennsylvania | 4 | $ 609,000 | $ 152,250 | $ 63,000 |
| Wayne, Pennsylvania | 4 | $ 489,000 | $ 122,250 | $ 92,000 |
| Dutchess, New York | 3 | $ 745,000 | $ 248,333 | $ 49,000 |
| Carbon, Pennsylvania | 3 | $ 442,000 | $ 147,333 | $ 61,000 |
| Ocean, New Jersey | 2 | $ 232,000 | $ 116,000 | $ 48,000 |
| Ulster, New York | 2 | $ 216,000 | $ 108,000 | $ 68,000 |
| DeKalb, Illinois | 1 | $ 42,000 | $ 42,000 | $ 34,000 |
| Kendall, Illinois | 1 | $ 56,000 | $ 56,000 | $ 48,000 |
| Atlantic, New Jersey | 1 | $ 146,000 | $ 146,000 | $ 90,000 |
| Burlington, New Jersey | 1 | $ 234,000 | $ 234,000 | $ 40,000 |
| Camden, New Jersey | 1 | $ 114,000 | $ 114,000 | $ 96,000 |
| Cape May, New Jersey | 1 | $ 85,000 | $ 85,000 | $ 22,000 |
| Hunterdon, New Jersey | 1 | $ 417,000 | $ 417,000 | $ 129,000 |
| Chenango, New York | 1 | $ 110,000 | $ 110,000 | $ 77,000 |
| Delaware, New York | 1 | $ 125,000 | $ 125,000 | $ 47,000 |
| Franklin, New York | 1 | $ 72,000 | $ 72,000 | $ 0 |
| Greene, New York | 1 | $ 168,000 | $ 168,000 | $ 55,000 |
| Saratoga, New York | 1 | $ 160,000 | $ 160,000 | $ 72,000 |
| Delaware, Pennsylvania | 1 | $ 100,000 | $ 100,000 | $ 39,000 |
| Lackawanna, Pennsylvania | 1 | $ 92,000 | $ 92,000 | $ 61,000 |
| Lancaster, Pennsylvania | 1 | $ 266,000 | $ 266,000 | $ 132,000 |
| Northampton, Pennsylvania | 1 | $ 160,000 | $ 160,000 | $ 62,000 |
Mortgage Loan Application Detail Totals for Polish & Slavic Federal Credit in 2012
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 | 717 | $114,443,000 | $159,000 | $1,412,000 | $78,000 | $589,000 |
| Refinancing | 588 | $171,488,000 | $291,000 | $1,335,000 | $83,000 | $1,091,000 |
| Home Improvement | 42 | $10,620,000 | $252,000 | $713,000 | $74,000 | $258,000 |
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 | 1,306 | $275,064,000 | $210,000 | $1,412,000 | $81,000 | $1,091,000 |
| Not applicable | 26 | $16,895,000 | $649,000 | $1,205,000 | $0 | $0 |
| Asian | 8 | $2,815,000 | $351,000 | $750,000 | $131,000 | $376,000 |
| Hispanic | 7 | $1,777,000 | $253,000 | $359,000 | $89,000 | $148,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 1,347 | $296,551,000 | $220,000 | $1,412,000 | $80,000 | $1,091,000 |
| 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 | 908 | $184,253,000 | $202,000 | $1,412,000 | $75,000 | $651,000 |
| Application Withdrawn By Applicant | 185 | $43,796,000 | $236,000 | $950,000 | $91,000 | $1,091,000 |
| Application Denied By Financial Institution | 136 | $34,925,000 | $256,000 | $900,000 | $84,000 | $392,000 |
| File Closed For Incompleteness | 76 | $23,048,000 | $303,000 | $950,000 | $96,000 | $589,000 |
| Application Approved But Not Accepted | 42 | $10,529,000 | $250,000 | $980,000 | $96,000 | $545,000 |
| 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 | 14 | $4,479,000 | $319,000 | $710,000 | $103,000 | $203,000 |
| Debt-To-Income Ratio | 5 | $1,596,000 | $319,000 | $726,000 | $30,000 | $44,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $448,000 | $149,000 | $358,000 | $111,000 | $165,000 |
| Credit History | 3 | $414,000 | $138,000 | $180,000 | $42,000 | $72,000 |
| Unverifiable Information | 2 | $266,000 | $133,000 | $200,000 | $18,000 | $37,000 |
| Other | 1 | $138,000 | $138,000 | $138,000 | $51,000 | $51,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Polish & Slavic Federal Credit's 2012 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.
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