Polish & Slavic Federal Credit Mortgage Lending & HMDA Data, 2011
In 2011, Polish & Slavic Federal Credit of Brooklyn, NY reported 1,071 mortgage applications totaling $236.4 million, up 32% from 2010. The average application was for $220,704, and applicants reported an average income of $82,095. 60% of its applications resulted in an originated loan and 9% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (494), Chicago-Joliet-Naperville, IL (316) and Newark-Union, NJ-PA (73) (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 | 1,071 |
| Total Mortgage Loan Application Amount | $236,375,000 |
| Average Mortgage Loan Application Amount | $220,704 |
| Highest Mortgage Loan Application Amount | $2,000,000 |
| Average Applicant Income | $82,095 |
| Highest Applicant Income | $674,000 |
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records Polish & Slavic Federal Credit filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2011
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 | 565 | $97,870,000 | $173,000 | $900,000 | $83,000 | $516,000 |
| Refinancing | 445 | $120,967,000 | $271,000 | $2,000,000 | $80,000 | $425,000 |
| Home Improvement | 61 | $17,538,000 | $287,000 | $750,000 | $89,000 | $674,000 |
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 | 1,050 | $223,510,000 | $212,000 | $2,000,000 | $83,000 | $674,000 |
| Not applicable | 16 | $11,700,000 | $731,000 | $1,776,000 | $0 | $0 |
| Asian | 4 | $1,120,000 | $280,000 | $464,000 | $105,000 | $302,000 |
| Black or African American | 1 | $45,000 | $45,000 | $45,000 | $60,000 | $60,000 |
| Hispanic | 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) | 1,071 | $236,375,000 | $220,000 | $2,000,000 | $82,000 | $674,000 |
| 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 | 644 | $127,596,000 | $198,000 | $1,776,000 | $82,000 | $450,000 |
| Application Withdrawn By Applicant | 253 | $62,150,000 | $245,000 | $2,000,000 | $86,000 | $674,000 |
| Application Denied By Financial Institution | 100 | $27,944,000 | $279,000 | $1,600,000 | $80,000 | $482,000 |
| Application Approved But Not Accepted | 41 | $8,308,000 | $202,000 | $613,000 | $65,000 | $175,000 |
| File Closed For Incompleteness | 33 | $10,377,000 | $314,000 | $1,600,000 | $90,000 | $234,000 |
| 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 | 15 | $5,604,000 | $373,000 | $650,000 | $130,000 | $482,000 |
| Debt-To-Income Ratio | 11 | $4,358,000 | $396,000 | $1,600,000 | $53,000 | $114,000 |
| Credit History | 4 | $1,266,000 | $316,000 | $650,000 | $169,000 | $425,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $750,000 | $750,000 | $750,000 | $0 | $0 |
| Other | 1 | $300,000 | $300,000 | $300,000 | $112,000 | $112,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 2011 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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