Quinnipiac Bank & Trust Co. Mortgage Lending & HMDA Data, 2013
In 2013, Quinnipiac Bank & Trust Co. of Hamden, CT reported 49 mortgage applications totaling $10.0 million, up 123% from 2012. The average application was for $203,693, and applicants reported an average income of $20,387. 71% of its applications resulted in an originated loan and 6% were denied. Its largest markets were New Haven-Milford, CT (43), Bridgeport-Stamford-Norwalk, CT (3) and Norwich-New London, CT (2) (applications in parentheses).
| Mortgage Company & Address | Quinnipiac Bank & Trust Co. 2704 Dixwell Avenue Hamden, CT 06518 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2013 2012 2011 2010 |
| Total Number of Mortgage Applications | 49 |
| Total Mortgage Loan Application Amount | $9,981,000 |
| Average Mortgage Loan Application Amount | $203,693 |
| Highest Mortgage Loan Application Amount | $1,050,000 |
| Average Applicant Income | $20,387 |
| Highest Applicant Income | $171,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Quinnipiac Bank & Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Haven-Milford, CT | 43 | $ 9,096,000 | $ 211,534 | $ 20,000 |
| Bridgeport-Stamford-Norwalk, CT | 3 | $ 435,000 | $ 145,000 | $ 0 |
| Norwich-New London, CT | 2 | $ 330,000 | $ 165,000 | $ 69,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 120,000 | $ 120,000 | $ 0 |
Mortgage Loan Application Detail Totals for Quinnipiac Bank & Trust Co. in 2013
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 | 23 | $3,981,000 | $173,000 | $500,000 | $33,000 | $171,000 |
| Refinancing | 20 | $5,220,000 | $261,000 | $1,050,000 | $12,000 | $104,000 |
| Home Improvement | 6 | $780,000 | $130,000 | $200,000 | $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 |
|---|---|---|---|---|---|---|
| Not applicable | 25 | $5,895,000 | $235,000 | $1,050,000 | $5,000 | $140,000 |
| White | 19 | $3,285,000 | $172,000 | $400,000 | $39,000 | $171,000 |
| Asian | 2 | $330,000 | $165,000 | $165,000 | $69,000 | $69,000 |
| Black or African American | 1 | $76,000 | $76,000 | $76,000 | $0 | $0 |
| Hispanic | 1 | $215,000 | $215,000 | $215,000 | $0 | $0 |
| Not Provided | 1 | $180,000 | $180,000 | $180,000 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 49 | $9,981,000 | $203,000 | $1,050,000 | $20,000 | $171,000 |
| 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 | 35 | $6,095,000 | $174,000 | $600,000 | $20,000 | $171,000 |
| Application Withdrawn By Applicant | 6 | $2,370,000 | $395,000 | $1,050,000 | $0 | $0 |
| Application Approved But Not Accepted | 4 | $950,000 | $237,000 | $500,000 | $34,000 | $69,000 |
| Application Denied By Financial Institution | 3 | $454,000 | $151,000 | $215,000 | $55,000 | $167,000 |
| File Closed For Incompleteness | 1 | $112,000 | $112,000 | $112,000 | $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 |
|---|---|---|---|---|---|---|
| Credit History | 2 | $300,000 | $150,000 | $215,000 | $0 | $0 |
| Collateral | 1 | $154,000 | $154,000 | $154,000 | $167,000 | $167,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Quinnipiac Bank & Trust Co.'s 2013 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 Quinnipiac Bank & Trust Co.'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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with aggregated HMDA statistics today.
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