Polish & Slavic Federal Credit Mortgage Lending & HMDA Data, 2008
In 2008, Polish & Slavic Federal Credit of Brooklyn, NY reported 476 mortgage applications totaling $180.5 million, up 16% from 2007. The average application was for $379,170, and applicants reported an average income of $109,327. 68% of its applications resulted in an originated loan and 4% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (339), Newark-Union, NJ-PA (40) and Edison-New Brunswick, NJ (35) (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 | 476 |
| Total Mortgage Loan Application Amount | $180,485,000 |
| Average Mortgage Loan Application Amount | $379,170 |
| Highest Mortgage Loan Application Amount | $2,025,000 |
| Average Applicant Income | $109,327 |
| Highest Applicant Income | $1,320,000 |
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records Polish & Slavic Federal Credit filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 339 | $ 142,549,000 | $ 420,498 | $ 109,115 |
| Newark-Union, NJ-PA | 40 | $ 9,983,000 | $ 249,575 | $ 80,000 |
| Edison-New Brunswick, NJ | 35 | $ 8,827,000 | $ 252,200 | $ 99,000 |
| Nassau-Suffolk, NY | 35 | $ 13,430,000 | $ 383,714 | $ 160,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 4 | $ 1,340,000 | $ 335,000 | $ 0 |
| Poughkeepsie-Newburgh-Middletown, NY | 3 | $ 928,000 | $ 309,333 | $ 130,000 |
| Trenton-Ewing, NJ | 2 | $ 261,000 | $ 130,500 | $ 46,000 |
| Albany-Schenectady-Troy, NY | 1 | $ 53,000 | $ 53,000 | $ 52,000 |
| Binghamton, NY | 1 | $ 94,000 | $ 94,000 | $ 283,000 |
| Kingston, NY | 1 | $ 445,000 | $ 445,000 | $ 0 |
| Philadelphia, PA | 1 | $ 295,000 | $ 295,000 | $ 0 |
| Utica-Rome, NY | 1 | $ 79,000 | $ 79,000 | $ 42,000 |
Mortgage Loan Application Detail Totals for Polish & Slavic Federal Credit in 2008
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 | 266 | $95,720,000 | $359,000 | $2,025,000 | $104,000 | $652,000 |
| Refinancing | 146 | $61,826,000 | $423,000 | $1,800,000 | $124,000 | $1,320,000 |
| Home Improvement | 64 | $22,939,000 | $358,000 | $1,300,000 | $98,000 | $382,000 |
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 | 446 | $160,284,000 | $359,000 | $2,025,000 | $116,000 | $1,320,000 |
| Not applicable | 25 | $18,669,000 | $746,000 | $1,800,000 | $0 | $0 |
| Asian | 2 | $338,000 | $169,000 | $180,000 | $41,000 | $41,000 |
| Hispanic | 2 | $494,000 | $247,000 | $334,000 | $31,000 | $63,000 |
| American Indian or Alaskan Native | 1 | $700,000 | $700,000 | $700,000 | $230,000 | $230,000 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 476 | $180,485,000 | $379,000 | $2,025,000 | $109,000 | $1,320,000 |
| 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 | $118,851,000 | $367,000 | $1,800,000 | $97,000 | $546,000 |
| Application Withdrawn By Applicant | 78 | $31,226,000 | $400,000 | $975,000 | $170,000 | $1,320,000 |
| Application Approved But Not Accepted | 58 | $23,405,000 | $403,000 | $2,025,000 | $101,000 | $652,000 |
| Application Denied By Financial Institution | 17 | $7,003,000 | $411,000 | $1,800,000 | $101,000 | $381,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 7 | $3,791,000 | $541,000 | $1,800,000 | $138,000 | $381,000 |
| Debt-To-Income Ratio | 3 | $600,000 | $200,000 | $200,000 | $0 | $0 |
| Collateral | 1 | $200,000 | $200,000 | $200,000 | $93,000 | $93,000 |
| Mortgage Insurance Denied | 1 | $959,000 | $959,000 | $959,000 | $278,000 | $278,000 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Polish & Slavic Federal Credit's 2008 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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