Ponce De Leon Federal Bank Mortgage Lending & HMDA Data, 2009
In 2009, Ponce De Leon Federal Bank of Bronx, NY reported 161 mortgage applications totaling $78.0 million, up 6% from 2008. The average application was for $484,596, and applicants reported an average income of $219,714. 49% of its applications resulted in an originated loan and 4% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (139), Nassau-Suffolk, NY (15) and Bridgeport-Stamford-Norwalk, CT (2) (applications in parentheses).
| Mortgage Company & Address | Ponce De Leon Federal Bank 2244 Westchester Avenue Bronx, NY 10462 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 161 |
| Total Mortgage Loan Application Amount | $78,020,000 |
| Average Mortgage Loan Application Amount | $484,596 |
| Highest Mortgage Loan Application Amount | $2,500,000 |
| Average Applicant Income | $219,714 |
| Highest Applicant Income | $2,380,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Ponce De Leon Federal Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 139 | $ 67,243,000 | $ 483,762 | $ 194,604 |
| Nassau-Suffolk, NY | 15 | $ 6,951,000 | $ 463,400 | $ 304,000 |
| Bridgeport-Stamford-Norwalk, CT | 2 | $ 1,500,000 | $ 750,000 | $ 1,363,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 2 | $ 415,000 | $ 207,500 | $ 131,000 |
| Edison-New Brunswick, NJ | 1 | $ 349,000 | $ 349,000 | $ 258,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 1,400,000 | $ 1,400,000 | $ 374,000 |
Mortgage Loan Application Detail Totals for Ponce De Leon Federal Bank 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 | 85 | $39,371,000 | $463,000 | $1,500,000 | $198,000 | $1,075,000 |
| Refinancing | 76 | $38,649,000 | $508,000 | $2,500,000 | $244,000 | $2,380,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 78 | $38,734,000 | $496,000 | $2,500,000 | $220,000 | $1,075,000 |
| Not applicable | 34 | $20,366,000 | $599,000 | $2,000,000 | $304,000 | $2,380,000 |
| Hispanic | 25 | $7,733,000 | $309,000 | $1,400,000 | $119,000 | $374,000 |
| Asian | 18 | $9,009,000 | $500,000 | $1,500,000 | $189,000 | $586,000 |
| Black or African American | 4 | $828,000 | $207,000 | $265,000 | $220,000 | $337,000 |
| Not Provided | 1 | $500,000 | $500,000 | $500,000 | $293,000 | $293,000 |
| American Indian or Alaskan Native | 1 | $850,000 | $850,000 | $850,000 | $240,000 | $240,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 161 | $78,020,000 | $484,000 | $2,500,000 | $219,000 | $2,380,000 |
| 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 | 79 | $39,923,000 | $505,000 | $2,500,000 | $230,000 | $2,380,000 |
| Loan Purchased By The Institution | 60 | $28,843,000 | $480,000 | $1,800,000 | $196,000 | $780,000 |
| Application Approved But Not Accepted | 11 | $4,710,000 | $428,000 | $900,000 | $318,000 | $1,075,000 |
| Application Denied By Financial Institution | 6 | $1,854,000 | $309,000 | $488,000 | $197,000 | $516,000 |
| File Closed For Incompleteness | 5 | $2,690,000 | $538,000 | $888,000 | $146,000 | $311,000 |
| Application Withdrawn By Applicant | 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 | $1,259,000 | $419,000 | $488,000 | $282,000 | $516,000 |
| Debt-To-Income Ratio | 1 | $84,000 | $84,000 | $84,000 | $40,000 | $40,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $162,000 | $162,000 | $162,000 | $37,000 | $37,000 |
| Other | 1 | $349,000 | $349,000 | $349,000 | $258,000 | $258,000 |
| 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 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Ponce De Leon Federal Bank'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 Ponce De Leon Federal Bank'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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