Polish & Slavic Federal Credit Mortgage Lending & HMDA Data, 2007
In 2007, Polish & Slavic Federal Credit of Brooklyn, NY reported 409 mortgage applications totaling $129.1 million, down 11% from 2006. The average application was for $315,596, and applicants reported an average income of $100,374. 79% of its applications resulted in an originated loan and 6% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (275), Newark-Union, NJ-PA (49) and Edison, NJ (31) (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 | 409 |
| Total Mortgage Loan Application Amount | $129,079,000 |
| Average Mortgage Loan Application Amount | $315,596 |
| Highest Mortgage Loan Application Amount | $2,300,000 |
| Average Applicant Income | $100,374 |
| Highest Applicant Income | $800,000 |
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records Polish & Slavic Federal Credit filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| New York-White Plains-Wayne, NY-NJ | 275 | $ 91,860,000 | $ 334,036 | $ 94,600 |
| Newark-Union, NJ-PA | 49 | $ 14,029,000 | $ 286,306 | $ 92,000 |
| Edison, NJ | 31 | $ 6,844,000 | $ 220,774 | $ 86,000 |
| Nassau-Suffolk, NY | 28 | $ 12,374,000 | $ 441,928 | $ 186,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 4 | $ 942,000 | $ 235,500 | $ 83,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 4 | $ 775,000 | $ 193,750 | $ 139,000 |
| Binghamton, NY | 3 | $ 283,000 | $ 94,333 | $ 219,000 |
| Buffalo-Niagara Falls, NY | 2 | $ 161,000 | $ 80,500 | $ 40,000 |
| Trenton-Ewing, NJ | 2 | $ 241,000 | $ 120,500 | $ 52,000 |
| Albany-Schenectady-Troy, NY | 1 | $ 126,000 | $ 126,000 | $ 64,000 |
| Atlantic City, NJ | 1 | $ 346,000 | $ 346,000 | $ 96,000 |
| Camden, NJ | 1 | $ 220,000 | $ 220,000 | $ 84,000 |
| Kingston, NY | 1 | $ 130,000 | $ 130,000 | $ 60,000 |
| Syracuse, NY | 1 | $ 85,000 | $ 85,000 | $ 78,000 |
Mortgage Loan Application Detail Totals for Polish & Slavic Federal Credit in 2007
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 | 259 | $82,653,000 | $319,000 | $2,000,000 | $101,000 | $800,000 |
| Home Improvement | 82 | $23,085,000 | $281,000 | $1,105,000 | $107,000 | $710,000 |
| Refinancing | 68 | $23,341,000 | $343,000 | $2,300,000 | $90,000 | $800,000 |
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 | 400 | $126,176,000 | $315,000 | $2,300,000 | $102,000 | $800,000 |
| Not applicable | 7 | $2,731,000 | $390,000 | $1,280,000 | $0 | $0 |
| Hispanic | 2 | $172,000 | $86,000 | $132,000 | $52,000 | $56,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 409 | $129,079,000 | $315,000 | $2,300,000 | $100,000 | $800,000 |
| 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 | 323 | $102,884,000 | $318,000 | $2,300,000 | $97,000 | $800,000 |
| Application Approved But Not Accepted | 37 | $12,449,000 | $336,000 | $1,105,000 | $122,000 | $624,000 |
| Application Withdrawn By Applicant | 24 | $6,866,000 | $286,000 | $584,000 | $103,000 | $622,000 |
| Application Denied By Financial Institution | 23 | $6,487,000 | $282,000 | $620,000 | $110,000 | $258,000 |
| File Closed For Incompleteness | 2 | $393,000 | $196,000 | $293,000 | $65,000 | $84,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 5 | $2,185,000 | $437,000 | $620,000 | $122,000 | $192,000 |
| Debt-To-Income Ratio | 2 | $210,000 | $105,000 | $110,000 | $0 | $0 |
| Collateral | 1 | $53,000 | $53,000 | $53,000 | $121,000 | $121,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Polish & Slavic Federal Credit's 2007 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
with aggregated HMDA statistics today.
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