Roma Bank Mortgage Lending & HMDA Data, 2013
In 2013, Roma Bank of Iselin, NJ reported 922 mortgage applications totaling $175.1 million. The average application was for $189,918, and applicants reported an average income of $131,960. 73% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Trenton-Ewing, NJ (464), Camden, NJ (258) and Edison-New Brunswick, NJ (108) (applications in parentheses).
| Mortgage Company & Address | Roma Bank 101 Wood Avenue S Iselin, NJ 08830 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2013 |
| Total Number of Mortgage Applications | 922 |
| Total Mortgage Loan Application Amount | $175,105,000 |
| Average Mortgage Loan Application Amount | $189,918 |
| Highest Mortgage Loan Application Amount | $2,800,000 |
| Average Applicant Income | $131,960 |
| Highest Applicant Income | $1,863,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Roma Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Trenton-Ewing, NJ | 464 | $ 76,343,000 | $ 164,532 | $ 118,000 |
| Camden, NJ | 258 | $ 41,051,000 | $ 159,112 | $ 135,000 |
| Edison-New Brunswick, NJ | 108 | $ 31,424,000 | $ 290,962 | $ 156,000 |
| Philadelphia, PA | 30 | $ 7,158,000 | $ 238,600 | $ 135,000 |
| Ocean City, NJ | 27 | $ 10,411,000 | $ 385,592 | $ 191,000 |
| Atlantic City-Hammonton, NJ | 11 | $ 2,919,000 | $ 265,363 | $ 209,000 |
| Newark-Union, NJ-PA | 10 | $ 2,647,000 | $ 264,700 | $ 160,700 |
| New York-White Plains-Wayne, NY-NJ | 5 | $ 1,892,000 | $ 378,400 | $ 177,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 3 | $ 344,000 | $ 114,666 | $ 109,666 |
| Providence-New Bedford-Fall River, RI-MA | 1 | $ 250,000 | $ 250,000 | $ 293,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 110,000 | $ 110,000 | $ 71,000 |
| Vineland-Millville-Bridgeton, NJ | 1 | $ 164,000 | $ 164,000 | $ 38,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 90,000 | $ 90,000 | $ 78,000 |
| Wilmington, DE-MD-NJ | 1 | $ 242,000 | $ 242,000 | $ 159,000 |
Mortgage Loan Application Detail Totals for Roma Bank 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 |
|---|---|---|---|---|---|---|
| Refinancing | 550 | $105,330,000 | $191,000 | $2,800,000 | $126,000 | $828,000 |
| Home Purchase | 196 | $48,724,000 | $248,000 | $2,020,000 | $172,000 | $1,863,000 |
| Home Improvement | 176 | $21,051,000 | $119,000 | $1,900,000 | $106,000 | $828,000 |
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 | 767 | $149,428,000 | $194,000 | $2,800,000 | $134,000 | $1,863,000 |
| Not Provided | 44 | $7,108,000 | $161,000 | $584,000 | $109,000 | $303,000 |
| Asian | 42 | $8,397,000 | $199,000 | $594,000 | $150,000 | $736,000 |
| Hispanic | 41 | $5,250,000 | $128,000 | $440,000 | $88,000 | $425,000 |
| Black or African American | 25 | $4,563,000 | $182,000 | $560,000 | $167,000 | $828,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $55,000 | $55,000 | $55,000 | $79,000 | $79,000 |
| Not applicable | 1 | $280,000 | $280,000 | $280,000 | $0 | $0 |
| American Indian or Alaskan Native | 1 | $24,000 | $24,000 | $24,000 | $119,000 | $119,000 |
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) | 922 | $175,105,000 | $189,000 | $2,800,000 | $132,000 | $1,863,000 |
| 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 | 673 | $123,860,000 | $184,000 | $2,020,000 | $130,000 | $1,008,000 |
| Application Denied By Financial Institution | 109 | $18,228,000 | $167,000 | $1,500,000 | $99,000 | $494,000 |
| Application Withdrawn By Applicant | 56 | $13,281,000 | $237,000 | $940,000 | $200,000 | $1,863,000 |
| File Closed For Incompleteness | 44 | $12,021,000 | $273,000 | $2,800,000 | $150,000 | $828,000 |
| Application Approved But Not Accepted | 40 | $7,715,000 | $192,000 | $1,824,000 | $135,000 | $533,000 |
| 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 | 49 | $9,346,000 | $190,000 | $584,000 | $116,000 | $390,000 |
| Debt-To-Income Ratio | 34 | $5,484,000 | $161,000 | $1,500,000 | $58,000 | $280,000 |
| Credit History | 14 | $1,605,000 | $114,000 | $320,000 | $76,000 | $240,000 |
| Other | 7 | $638,000 | $91,000 | $250,000 | $110,000 | $293,000 |
| Unverifiable Information | 3 | $586,000 | $195,000 | $344,000 | $187,000 | $240,000 |
| Mortgage Insurance Denied | 2 | $569,000 | $284,000 | $308,000 | $335,000 | $494,000 |
| 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 Roma Bank'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 Roma 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.
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