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records Polish & Slavic Federal Credit filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
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
with aggregated HMDA statistics today.
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