Polish & Slavic Federal Credit Mortgage Lending & HMDA Data, 2009
In 2009, Polish & Slavic Federal Credit of Brooklyn, NY reported 585 mortgage applications totaling $187.0 million, up 23% from 2008. The average application was for $319,574, and applicants reported an average income of $97,676. 66% of its applications resulted in an originated loan and 6% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (359), Newark-Union, NJ-PA (60) and Edison-New Brunswick, NJ (45) (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 | 585 |
| Total Mortgage Loan Application Amount | $186,951,000 |
| Average Mortgage Loan Application Amount | $319,574 |
| Highest Mortgage Loan Application Amount | $2,120,000 |
| Average Applicant Income | $97,676 |
| Highest Applicant Income | $624,000 |
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records Polish & Slavic Federal Credit filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Polish & Slavic Federal Credit in 2009
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 | 310 | $94,225,000 | $303,000 | $2,120,000 | $103,000 | $624,000 |
| Refinancing | 213 | $72,622,000 | $340,000 | $1,500,000 | $91,000 | $382,000 |
| Home Improvement | 62 | $20,104,000 | $324,000 | $840,000 | $94,000 | $380,000 |
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 | 564 | $170,924,000 | $303,000 | $2,120,000 | $101,000 | $624,000 |
| Not applicable | 18 | $15,022,000 | $834,000 | $1,640,000 | $0 | $0 |
| Asian | 2 | $752,000 | $376,000 | $378,000 | $204,000 | $240,000 |
| Hispanic | 1 | $253,000 | $253,000 | $253,000 | $144,000 | $144,000 |
| 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) | 585 | $186,951,000 | $319,000 | $2,120,000 | $98,000 | $624,000 |
| 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 | 387 | $113,740,000 | $293,000 | $2,120,000 | $97,000 | $624,000 |
| Application Withdrawn By Applicant | 119 | $43,221,000 | $363,000 | $1,640,000 | $108,000 | $607,000 |
| Application Approved But Not Accepted | 44 | $13,502,000 | $306,000 | $750,000 | $107,000 | $380,000 |
| Application Denied By Financial Institution | 34 | $15,990,000 | $470,000 | $1,500,000 | $64,000 | $382,000 |
| File Closed For Incompleteness | 1 | $498,000 | $498,000 | $498,000 | $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 |
|---|---|---|---|---|---|---|
| Collateral | 3 | $2,026,000 | $675,000 | $1,310,000 | $18,000 | $54,000 |
| Debt-To-Income Ratio | 3 | $2,520,000 | $840,000 | $1,350,000 | $0 | $0 |
| Credit History | 2 | $794,000 | $397,000 | $571,000 | $32,000 | $64,000 |
| Mortgage Insurance Denied | 1 | $728,000 | $728,000 | $728,000 | $185,000 | $185,000 |
| Other | 1 | $1,500,000 | $1,500,000 | $1,500,000 | $0 | $0 |
| Unverifiable Information | 1 | $120,000 | $120,000 | $120,000 | $94,000 | $94,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 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 2009 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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