Beneficial Financial I, Inc. Mortgage Lending & HMDA Data, 2006

In 2006, Beneficial Financial I, Inc. of Mettawa, IL reported 37,538 mortgage applications totaling $6.6 billion. The average application was for $174,793, and applicants reported an average income of $66,014. 11% of its applications resulted in an originated loan and 44% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (4,362), Phoenix-Mesa-Scottsdale, AZ (2,118) and Baltimore-Towson, MD (1,772) (applications in parentheses).

Mortgage Company & Address Beneficial Financial I, Inc.
26525 North Riverwoods Blvd.
Mettawa, IL 60045
Tel #: available with data download
Federal Regulator * available with data download
Years 2009  2008  2007  2006  
Total Number of Mortgage Applications 37,538
Total Mortgage Loan Application Amount $6,561,396,000
Average Mortgage Loan Application Amount $174,793
Highest Mortgage Loan Application Amount $4,800,000
Average Applicant Income $66,014
Highest Applicant Income $1,164,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Beneficial Financial I, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Beneficial Financial I, Inc. by Metropolitan Area in 2006

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Atlanta-Sandy Springs-Marietta, GA 4,362 $ 718,312,000 $ 164,674 $ 68,000
Phoenix-Mesa-Scottsdale, AZ 2,118 $ 399,938,000 $ 188,828 $ 66,000
Baltimore-Towson, MD 1,772 $ 282,900,000 $ 159,650 $ 61,000
Nashville-Davidson--Murfreesboro, TN 1,473 $ 219,917,000 $ 149,298 $ 59,000
Tampa-St. Petersburg-Clearwater, FL 1,471 $ 239,977,000 $ 163,138 $ 61,000
Las Vegas-Paradise, NV 1,303 $ 279,839,000 $ 214,765 $ 73,000
Memphis, TN-MS-AR 1,252 $ 165,772,000 $ 132,405 $ 62,000
Boston-Quincy, MA 1,036 $ 288,610,000 $ 278,581 $ 85,000
Orlando-Kissimmee, FL 946 $ 174,326,000 $ 184,276 $ 67,000
Warren-Troy-Farmington Hills, MI 940 $ 168,653,000 $ 179,418 $ 75,000
Detroit-Livonia-Dearborn, MI 844 $ 111,175,000 $ 131,723 $ 59,000
Jacksonville, FL 840 $ 125,502,000 $ 149,407 $ 60,000
Washington-Arlington-Alexandria, DC-VA-MD-WV 774 $ 219,614,000 $ 283,739 $ 94,052
Worcester, MA 707 $ 148,339,000 $ 209,814 $ 71,000
Cambridge-Newton-Framingham, MA 671 $ 181,788,000 $ 270,921 $ 85,000
Miami-Miami Beach-Kendall, FL 648 $ 134,864,000 $ 208,123 $ 73,000
Tucson, AZ 648 $ 98,428,000 $ 151,895 $ 57,000
Knoxville, TN 608 $ 78,206,000 $ 128,628 $ 55,000
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 603 $ 129,689,000 $ 215,072 $ 75,000
Springfield, MA 598 $ 97,820,000 $ 163,578 $ 62,000
Virginia Beach-Norfolk-Newport News, VA-NC 558 $ 92,222,000 $ 165,272 $ 61,000
Essex County, MA 480 $ 128,935,000 $ 268,614 $ 81,000
West Palm Beach-Boca Raton-Boynton Beach, FL 416 $ 94,067,000 $ 226,122 $ 76,000
Providence-New Bedford-Fall River, RI-MA 412 $ 89,546,000 $ 217,344 $ 72,160
Richmond, VA 390 $ 62,448,000 $ 160,123 $ 66,000
Lakeland, FL 388 $ 54,104,000 $ 139,443 $ 54,000
Chattanooga, TN-GA 381 $ 45,194,000 $ 118,619 $ 54,905
Bethesda-Gaithersburg-Frederick, MD 378 $ 87,130,000 $ 230,502 $ 81,000
Sarasota-Bradenton-Venice, FL 327 $ 71,797,000 $ 219,562 $ 69,000
Cape Coral-Fort Myers, FL 309 $ 65,541,000 $ 212,106 $ 72,000
Palm Bay-Melbourne-Titusville, FL 308 $ 46,609,000 $ 151,327 $ 54,000
Deltona-Daytona Beach-Ormond Beach, FL 305 $ 46,969,000 $ 153,996 $ 58,000
Pensacola-Ferry Pass-Brent, FL 292 $ 39,377,000 $ 134,852 $ 55,000
Grand Rapids-Wyoming, MI 263 $ 35,813,000 $ 136,171 $ 58,000
Flint, MI 245 $ 31,765,000 $ 129,653 $ 61,000
Port St. Lucie-Fort Pierce, FL 226 $ 44,006,000 $ 194,716 $ 64,000
Reno-Sparks, NV 220 $ 50,603,000 $ 230,013 $ 81,000
Augusta-Richmond County, GA-SC 211 $ 24,514,000 $ 116,180 $ 60,000
Ocala, FL 203 $ 27,905,000 $ 137,463 $ 51,000
Lansing-East Lansing, MI 181 $ 24,954,000 $ 137,867 $ 61,000
Clarksville, TN-KY 167 $ 19,467,000 $ 116,568 $ 52,000
Kingsport-Bristol-Bristol, TN-VA 162 $ 18,010,000 $ 111,172 $ 50,586
Morristown, TN 156 $ 18,658,000 $ 119,602 $ 56,000
Hagerstown-Martinsburg, MD-WV 151 $ 23,841,000 $ 157,887 $ 64,000
Barnstable Town, MA 147 $ 37,915,000 $ 257,925 $ 86,000
Hartford-West Hartford-East Hartford, CT 145 $ 23,345,000 $ 161,000 $ 70,000
Tallahassee, FL 141 $ 19,119,000 $ 135,595 $ 60,000
Prescott, AZ 136 $ 23,810,000 $ 175,073 $ 66,000
Johnson City, TN 130 $ 15,927,000 $ 122,515 $ 47,000
Salisbury, MD 130 $ 18,369,000 $ 141,300 $ 59,000
Yuma, AZ 129 $ 18,584,000 $ 144,062 $ 54,000
Jackson, TN 128 $ 14,755,000 $ 115,273 $ 49,000
New Haven-Milford, CT 123 $ 20,404,000 $ 165,886 $ 64,000
Cleveland, TN 121 $ 14,921,000 $ 123,314 $ 48,000
Cumberland, MD-WV 115 $ 9,997,000 $ 86,930 $ 45,000
Gainesville, GA 108 $ 15,969,000 $ 147,861 $ 57,000
Punta Gorda, FL 97 $ 18,763,000 $ 193,432 $ 66,000
Fort Walton Beach-Crestview-Destin, FL 96 $ 16,448,000 $ 171,333 $ 63,000
Ann Arbor, MI 95 $ 18,549,000 $ 195,252 $ 80,000
Albuquerque, NM 94 $ 17,688,000 $ 188,170 $ 67,000
Bridgeport-Stamford-Norwalk, CT 94 $ 26,378,000 $ 280,617 $ 93,000
Pittsfield, MA 90 $ 12,789,000 $ 142,100 $ 63,000
Naples-Marco Island, FL 88 $ 25,552,000 $ 290,363 $ 86,000
Wilmington, DE-MD-NJ 84 $ 13,992,000 $ 166,571 $ 78,000
Kalamazoo-Portage, MI 78 $ 10,506,000 $ 134,692 $ 55,000
Battle Creek, MI 76 $ 9,455,000 $ 124,407 $ 62,000
Muskegon-Norton Shores, MI 75 $ 8,358,000 $ 111,440 $ 46,000
Panama City-Lynn Haven, FL 75 $ 10,650,000 $ 142,000 $ 59,000
Flagstaff, AZ 74 $ 14,065,000 $ 190,067 $ 72,000
Gainesville, FL 71 $ 9,592,000 $ 135,098 $ 57,000
Sebastian-Vero Beach, FL 68 $ 12,158,000 $ 178,794 $ 69,000
Macon, GA 63 $ 7,858,000 $ 124,730 $ 55,000
Savannah, GA 62 $ 10,046,000 $ 162,032 $ 61,000
Norwich-New London, CT 59 $ 11,069,000 $ 187,610 $ 65,000
Niles-Benton Harbor, MI 57 $ 7,444,000 $ 130,596 $ 63,000
Saginaw-Saginaw Township North, MI 57 $ 6,329,000 $ 111,035 $ 50,000
Holland-Grand Haven, MI 51 $ 8,573,000 $ 168,098 $ 72,000
Denver-Aurora, CO 49 $ 9,414,000 $ 192,122 $ 68,000
Los Angeles-Long Beach-Glendale, CA 46 $ 13,546,000 $ 294,478 $ 91,000
Warner Robins, GA 46 $ 6,000,000 $ 130,434 $ 63,000
Riverside-San Bernardino-Ontario, CA 42 $ 11,357,000 $ 270,404 $ 86,000
Columbus, GA-AL 40 $ 5,886,000 $ 147,150 $ 47,000
Jackson, MI 33 $ 4,629,000 $ 140,272 $ 50,000
Columbia, SC 29 $ 4,002,000 $ 138,000 $ 70,000
Monroe, MI 28 $ 4,692,000 $ 167,571 $ 71,000
Bay City, MI 27 $ 2,645,000 $ 97,962 $ 48,000
Carson City, NV 27 $ 5,532,000 $ 204,888 $ 65,000
Sacramento--Arden-Arcade--Roseville, CA 22 $ 6,125,000 $ 278,409 $ 95,000
Albany, GA 21 $ 2,516,000 $ 119,809 $ 61,000
Charleston-North Charleston, SC 21 $ 2,730,000 $ 130,000 $ 75,000
San Diego-Carlsbad-San Marcos, CA 21 $ 6,627,000 $ 315,571 $ 98,000
Myrtle Beach-Conway-North Myrtle Beach, SC 19 $ 3,103,000 $ 163,315 $ 84,000
Santa Ana-Anaheim-Irvine, CA 19 $ 5,152,000 $ 271,157 $ 102,000
Santa Fe, NM 18 $ 6,855,000 $ 380,833 $ 89,000
South Bend-Mishawaka, IN-MI 18 $ 2,808,000 $ 156,000 $ 54,000
Las Cruces, NM 15 $ 3,633,000 $ 242,200 $ 75,000
Winchester, VA-WV 15 $ 3,511,000 $ 234,066 $ 85,000
Oakland-Fremont-Hayward, CA 13 $ 5,291,000 $ 407,000 $ 95,000
Hinesville-Fort Stewart, GA 12 $ 1,483,000 $ 123,583 $ 51,000
Lynchburg, VA 12 $ 1,774,000 $ 147,833 $ 93,000
Greenville, SC 11 $ 1,140,000 $ 103,636 $ 54,000
Colorado Springs, CO 9 $ 1,336,000 $ 148,444 $ 70,000
Bakersfield, CA 8 $ 1,357,000 $ 169,625 $ 59,000
Athens-Clarke County, GA 6 $ 928,000 $ 154,666 $ 64,000
Portland-Vancouver-Beaverton, OR-WA 6 $ 839,000 $ 139,833 $ 255,000
San Francisco-San Mateo-Redwood City, CA 6 $ 2,853,000 $ 475,500 $ 69,000
Brunswick, GA 5 $ 889,000 $ 177,800 $ 71,000
New Orleans-Metairie-Kenner, LA 5 $ 523,000 $ 104,600 $ 57,000
Santa Barbara-Santa Maria, CA 5 $ 3,224,000 $ 644,800 $ 68,000
Stockton, CA 5 $ 1,740,000 $ 348,000 $ 98,000
Baton Rouge, LA 4 $ 686,000 $ 171,500 $ 314,000
Dalton, GA 4 $ 325,000 $ 81,250 $ 35,000
San Jose-Sunnyvale-Santa Clara, CA 4 $ 1,743,000 $ 435,750 $ 132,000
Valdosta, GA 4 $ 502,000 $ 125,500 $ 33,000
Fresno, CA 3 $ 789,000 $ 263,000 $ 88,000
Hanford-Corcoran, CA 3 $ 417,000 $ 139,000 $ 68,000
Indianapolis-Carmel, IN 3 $ 423,000 $ 141,000 $ 50,000
Minneapolis-St. Paul-Bloomington, MN-WI 3 $ 478,000 $ 159,333 $ 323,000
Pueblo, CO 3 $ 308,000 $ 102,666 $ 34,000
Salt Lake City, UT 3 $ 498,000 $ 166,000 $ 52,000
Spartanburg, SC 3 $ 311,000 $ 103,666 $ 51,000
Anderson, SC 2 $ 236,000 $ 118,000 $ 59,000
Asheville, NC 2 $ 443,000 $ 221,500 $ 127,000
Charlotte-Gastonia-Concord, NC-SC 2 $ 155,000 $ 77,500 $ 67,000
Charlottesville, VA 2 $ 305,000 $ 152,500 $ 32,000
Chico, CA 2 $ 331,000 $ 165,500 $ 44,000
El Centro, CA 2 $ 375,000 $ 187,500 $ 63,000
Florence, SC 2 $ 189,000 $ 94,500 $ 62,000
Fort Collins-Loveland, CO 2 $ 486,000 $ 243,000 $ 81,000
Greeley, CO 2 $ 765,000 $ 382,500 $ 87,000
Madera, CA 2 $ 744,000 $ 372,000 $ 70,000
New York-White Plains-Wayne, NY-NJ 2 $ 421,000 $ 210,500 $ 257,500
Redding, CA 2 $ 499,000 $ 249,500 $ 92,000
Roanoke, VA 2 $ 174,000 $ 87,000 $ 77,000
Rome, GA 2 $ 322,000 $ 161,000 $ 36,000
Salinas, CA 2 $ 602,000 $ 301,000 $ 57,000
Akron, OH 1 $ 468,000 $ 468,000 $ 133,000
Anderson, IN 1 $ 84,000 $ 84,000 $ 21,000
Atlantic City, NJ 1 $ 89,000 $ 89,000 $ 2,000
Blacksburg-Christiansburg-Radford, VA 1 $ 250,000 $ 250,000 $ 74,000
Bloomington, IN 1 $ 79,000 $ 79,000 $ 31,000
Boise City-Nampa, ID 1 $ 162,000 $ 162,000 $ 63,000
Boulder, CO 1 $ 196,000 $ 196,000 $ 60,000
Cleveland-Elyria-Mentor, OH 1 $ 600,000 $ 600,000 $ 0
Columbus, OH 1 $ 75,000 $ 75,000 $ 14,000
Corpus Christi, TX 1 $ 406,000 $ 406,000 $ 84,000
Dover, DE 1 $ 200,000 $ 200,000 $ 84,000
Durham, NC 1 $ 100,000 $ 100,000 $ 144,000
Edison, NJ 1 $ 156,000 $ 156,000 $ 97,000
Evansville, IN-KY 1 $ 59,000 $ 59,000 $ 28,000
Fort Worth-Arlington, TX 1 $ 101,000 $ 101,000 $ 116,000
Grand Junction, CO 1 $ 10,000 $ 10,000 $ 96,000
Greensboro-High Point, NC 1 $ 305,000 $ 305,000 $ 79,000
Modesto, CA 1 $ 374,000 $ 374,000 $ 120,000
Monroe, LA 1 $ 131,000 $ 131,000 $ 74,000
Oklahoma City, OK 1 $ 51,000 $ 51,000 $ 52,000
Omaha-Council Bluffs, NE-IA 1 $ 135,000 $ 135,000 $ 44,000
Rockingham County-Strafford County, NH 1 $ 224,000 $ 224,000 $ 53,000
San Luis Obispo-Paso Robles, CA 1 $ 64,000 $ 64,000 $ 82,000
Shreveport-Bossier City, LA 1 $ 130,000 $ 130,000 $ 94,000
Sumter, SC 1 $ 504,000 $ 504,000 $ 93,000
Visalia-Porterville, CA 1 $ 330,000 $ 330,000 $ 58,000
Winston-Salem, NC 1 $ 425,000 $ 425,000 $ 129,000
York-Hanover, PA 1 $ 324,000 $ 324,000 $ 54,000
Yuba City, CA 1 $ 123,000 $ 123,000 $ 30,000

Mortgage Loan Application Detail Totals for Beneficial Financial I, Inc. in 2006

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 37,516 $6,557,153,000 $174,000 $4,800,000 $66,000 $1,164,000
Home Purchase 22 $4,243,000 $192,000 $675,000 $91,000 $324,000
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 23,817 $4,147,823,000 $174,000 $4,800,000 $66,000 $500,000
Not Provided 7,525 $1,381,831,000 $183,000 $2,532,000 $67,000 $1,164,000
Black or African American 3,686 $533,659,000 $144,000 $1,422,000 $58,000 $499,000
Hispanic 1,992 $380,073,000 $190,000 $1,650,000 $65,000 $492,000
Asian 316 $74,594,000 $236,000 $2,753,000 $78,000 $360,000
Native Hawaiian or Other Pacific Islander 122 $26,593,000 $217,000 $624,000 $71,000 $311,000
American Indian or Alaskan Native 80 $16,823,000 $210,000 $666,000 $74,000 $406,000
Not applicable 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) 37,538 $6,561,396,000 $174,000 $4,800,000 $66,000 $1,164,000
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
Application Denied By Financial Institution 16,644 $3,008,164,000 $180,000 $4,800,000 $64,000 $1,164,000
Application Withdrawn By Applicant 15,515 $2,721,525,000 $175,000 $1,925,000 $69,000 $1,128,000
Loan Originated 4,201 $636,651,000 $151,000 $893,000 $61,000 $342,000
Application Approved But Not Accepted 1,178 $195,056,000 $165,000 $1,200,000 $67,000 $435,000
File Closed For Incompleteness 0 $0 $0 $0 $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
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 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 Beneficial Financial I, Inc.'s 2006 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 Beneficial Financial I, Inc.'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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