Sovereign Bank Mortgage Lending & HMDA Data, 2003
In 2003, Sovereign Bank of Wyomissing, PA reported 83,650 mortgage applications totaling $11.5 billion. The average application was for $137,029, and applicants reported an average income of $49,280. 47% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Philadelphia, PA-NJ (10,234), Boston, MA-NH (6,382) and Providence-Fall River-Warwick, RI-MA (3,541) (applications in parentheses).
| Mortgage Company & Address | Sovereign Bank 1130 Berkshire Boulevard Wyomissing, PA 19610 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 | 83,650 |
| Total Mortgage Loan Application Amount | $11,462,504,000 |
| Average Mortgage Loan Application Amount | $137,029 |
| Highest Mortgage Loan Application Amount | $20,000,000 |
| Average Applicant Income | $49,280 |
| Highest Applicant Income | $5,767,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Sovereign Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Philadelphia, PA-NJ | 10,234 | $ 1,242,355,000 | $ 121,394 | $ 63,000 |
| Boston, MA-NH | 6,382 | $ 1,253,682,000 | $ 196,440 | $ 70,000 |
| Providence-Fall River-Warwick, RI-MA | 3,541 | $ 483,178,000 | $ 136,452 | $ 58,000 |
| Monmouth-Ocean, NJ | 3,501 | $ 476,294,000 | $ 136,045 | $ 64,000 |
| Hartford, CT | 2,636 | $ 356,403,000 | $ 135,205 | $ 63,000 |
| Reading, PA | 2,209 | $ 215,874,000 | $ 97,724 | $ 46,000 |
| Newark, NJ | 2,198 | $ 312,045,000 | $ 141,967 | $ 63,000 |
| Middlesex-Somerset-Hunterdon, NJ | 1,792 | $ 263,506,000 | $ 147,045 | $ 75,000 |
| Los Angeles-Long Beach, CA | 1,660 | $ 360,827,000 | $ 217,365 | $ 125,000 |
| Worcester, MA-CT | 1,477 | $ 218,480,000 | $ 147,921 | $ 61,000 |
| Allentown-Bethlehem-Easton, PA | 1,414 | $ 152,337,000 | $ 107,734 | $ 55,000 |
| Lancaster, PA | 1,030 | $ 110,029,000 | $ 106,824 | $ 53,000 |
| Albany-Schenectady-Troy, NY | 1,025 | $ 125,052,000 | $ 122,001 | $ 53,000 |
| Riverside-San Bernardino, CA | 958 | $ 93,438,000 | $ 97,534 | $ 50,000 |
| Orange County, CA | 919 | $ 245,556,000 | $ 267,199 | $ 75,000 |
| Chicago, IL | 892 | $ 179,286,000 | $ 200,993 | $ 47,000 |
| Baltimore, MD | 855 | $ 94,073,000 | $ 110,026 | $ 61,000 |
| Minneapolis-St. Paul, MN-WI | 840 | $ 88,576,000 | $ 105,447 | $ 20,000 |
| Wilmington-Newark, DE-MD | 785 | $ 90,725,000 | $ 115,573 | $ 56,000 |
| Harrisburg-Lebanon-Carlisle, PA | 713 | $ 70,146,000 | $ 98,381 | $ 50,000 |
| Trenton, NJ | 708 | $ 86,931,000 | $ 122,783 | $ 70,000 |
| Bergen-Passaic, NJ | 683 | $ 119,002,000 | $ 174,234 | $ 69,000 |
| San Diego, CA | 670 | $ 160,084,000 | $ 238,931 | $ 100,000 |
| Williamsport, PA | 651 | $ 49,987,000 | $ 76,784 | $ 43,000 |
| New York, NY | 633 | $ 154,871,000 | $ 244,661 | $ 47,000 |
| Springfield, MA | 569 | $ 72,132,000 | $ 126,769 | $ 58,000 |
| Phoenix-Mesa, AZ | 560 | $ 51,988,000 | $ 92,835 | $ 41,000 |
| Denver, CO | 539 | $ 58,709,000 | $ 108,922 | $ 22,000 |
| Lowell, MA-NH | 522 | $ 78,194,000 | $ 149,796 | $ 65,000 |
| Atlanta, GA | 520 | $ 61,717,000 | $ 118,686 | $ 10,000 |
| Greensboro--Winston-Salem--High Point, NC | 510 | $ 50,987,000 | $ 99,974 | $ 38,000 |
| Nassau-Suffolk, NY | 510 | $ 124,387,000 | $ 243,896 | $ 66,000 |
| Atlantic-Cape May, NJ | 505 | $ 88,976,000 | $ 176,190 | $ 73,000 |
| Oakland, CA | 503 | $ 137,246,000 | $ 272,854 | $ 47,000 |
| Lawrence, MA-NH | 501 | $ 91,456,000 | $ 182,546 | $ 67,000 |
| Seattle-Bellevue-Everett, WA | 483 | $ 71,550,000 | $ 148,136 | $ 64,000 |
| St. Louis, MO-IL | 480 | $ 54,325,000 | $ 113,177 | $ 5,000 |
| Milwaukee-Waukesha, WI | 477 | $ 38,236,000 | $ 80,159 | $ 0 |
| Brockton, MA | 454 | $ 78,001,000 | $ 171,808 | $ 61,000 |
| Sacramento, CA | 434 | $ 54,785,000 | $ 126,232 | $ 42,000 |
| New Bedford, MA | 433 | $ 60,997,000 | $ 140,870 | $ 62,000 |
| Detroit, MI | 408 | $ 71,759,000 | $ 175,879 | $ 24,000 |
| Barnstable-Yarmouth, MA | 405 | $ 72,932,000 | $ 180,079 | $ 81,000 |
| Dallas, TX | 401 | $ 36,969,000 | $ 92,192 | $ 12,000 |
| Nashua, NH | 340 | $ 43,415,000 | $ 127,691 | $ 66,000 |
| Tampa-St. Petersburg-Clearwater, FL | 330 | $ 22,722,000 | $ 68,854 | $ 33,000 |
| New Haven-Meriden, CT | 329 | $ 43,551,000 | $ 132,373 | $ 49,000 |
| Indianapolis, IN | 326 | $ 32,773,000 | $ 100,530 | $ 48,000 |
| York, PA | 320 | $ 31,348,000 | $ 97,962 | $ 70,000 |
| Burlington, VT | 310 | $ 42,188,000 | $ 136,090 | $ 74,000 |
| Fort Lauderdale, FL | 301 | $ 31,125,000 | $ 103,405 | $ 99,000 |
| San Jose, CA | 296 | $ 108,048,000 | $ 365,027 | $ 39,000 |
| Bridgeport, CT | 290 | $ 52,563,000 | $ 181,251 | $ 50,000 |
| Orlando, FL | 280 | $ 25,022,000 | $ 89,364 | $ 51,000 |
| Fort Worth-Arlington, TX | 278 | $ 16,673,000 | $ 59,974 | $ 0 |
| Jersey City, NJ | 278 | $ 38,632,000 | $ 138,964 | $ 55,000 |
| Pittsburgh, PA | 277 | $ 13,182,000 | $ 47,588 | $ 41,000 |
| Las Vegas, NV-AZ | 276 | $ 24,936,000 | $ 90,347 | $ 8,000 |
| Houston, TX | 257 | $ 32,844,000 | $ 127,797 | $ 0 |
| Miami, FL | 253 | $ 28,053,000 | $ 110,881 | $ 96,000 |
| Raleigh-Durham-Chapel Hill, NC | 244 | $ 38,038,000 | $ 155,893 | $ 31,000 |
| San Francisco, CA | 242 | $ 105,917,000 | $ 437,673 | $ 21,000 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 238 | $ 27,257,000 | $ 114,525 | $ 25,000 |
| Stamford-Norwalk, CT | 234 | $ 72,803,000 | $ 311,123 | $ 94,000 |
| Waterbury, CT | 220 | $ 23,921,000 | $ 108,731 | $ 48,000 |
| Portland-Vancouver, OR-WA | 219 | $ 26,939,000 | $ 123,009 | $ 7,000 |
| Cleveland-Lorain-Elyria, OH | 204 | $ 29,549,000 | $ 144,848 | $ 20,000 |
| Norfolk-Virginia Beach-Newport News, VA-NC | 204 | $ 17,945,000 | $ 87,965 | $ 26,000 |
| Ventura, CA | 202 | $ 53,590,000 | $ 265,297 | $ 62,000 |
| West Palm Beach-Boca Raton, FL | 187 | $ 24,328,000 | $ 130,096 | $ 103,000 |
| Fitchburg-Leominster, MA | 186 | $ 25,242,000 | $ 135,709 | $ 38,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 184 | $ 16,881,000 | $ 91,744 | $ 58,000 |
| Salt Lake City-Ogden, UT | 178 | $ 13,461,000 | $ 75,623 | $ 25,000 |
| Gary, IN | 168 | $ 12,619,000 | $ 75,113 | $ 34,000 |
| State College, PA | 155 | $ 18,279,000 | $ 117,929 | $ 44,000 |
| Columbus, OH | 154 | $ 20,629,000 | $ 133,954 | $ 28,000 |
| Danbury, CT | 154 | $ 28,266,000 | $ 183,545 | $ 74,000 |
| South Bend, IN | 153 | $ 12,512,000 | $ 81,777 | $ 44,000 |
| Richmond-Petersburg, VA | 151 | $ 15,305,000 | $ 101,357 | $ 43,000 |
| Kansas City, MO-KS | 149 | $ 11,239,000 | $ 75,429 | $ 19,000 |
| Cincinnati, OH-KY-IN | 146 | $ 16,674,000 | $ 114,205 | $ 23,000 |
| Stockton-Lodi, CA | 146 | $ 10,531,000 | $ 72,130 | $ 0 |
| Fort Myers-Cape Coral, FL | 143 | $ 14,077,000 | $ 98,440 | $ 45,000 |
| Jacksonville, FL | 142 | $ 13,573,000 | $ 95,584 | $ 38,000 |
| Tucson, AZ | 139 | $ 6,925,000 | $ 49,820 | $ 55,000 |
| Portsmouth-Rochester, NH-ME | 135 | $ 22,647,000 | $ 167,755 | $ 61,000 |
| Omaha, NE-IA | 134 | $ 11,123,000 | $ 83,007 | $ 16,000 |
| Dutchess County, NY | 128 | $ 19,485,000 | $ 152,226 | $ 50,000 |
| Vallejo-Fairfield-Napa, CA | 127 | $ 16,680,000 | $ 131,338 | $ 72,000 |
| Colorado Springs, CO | 123 | $ 9,988,000 | $ 81,203 | $ 38,000 |
| Washington, DC-MD-VA-WV | 123 | $ 31,278,000 | $ 254,292 | $ 62,000 |
| New London-Norwich, CT-RI | 122 | $ 20,038,000 | $ 164,245 | $ 58,000 |
| Tulsa, OK | 122 | $ 7,721,000 | $ 63,286 | $ 0 |
| Oklahoma City, OK | 117 | $ 10,101,000 | $ 86,333 | $ 5,000 |
| Des Moines, IA | 114 | $ 7,376,000 | $ 64,701 | $ 0 |
| Greenville-Spartanburg-Anderson, SC | 113 | $ 8,827,000 | $ 78,115 | $ 15,000 |
| Newburgh, NY-PA | 113 | $ 14,427,000 | $ 127,672 | $ 41,000 |
| Tacoma, WA | 113 | $ 9,374,000 | $ 82,955 | $ 38,000 |
| Portland, ME | 111 | $ 15,227,000 | $ 137,180 | $ 42,000 |
| Albuquerque, NM | 110 | $ 6,571,000 | $ 59,736 | $ 10,000 |
| Modesto, CA | 109 | $ 6,902,000 | $ 63,321 | $ 26,000 |
| Grand Rapids-Muskegon-Holland, MI | 106 | $ 9,846,000 | $ 92,886 | $ 18,000 |
| Manchester, NH | 104 | $ 14,146,000 | $ 136,019 | $ 55,000 |
| Nashville, TN | 103 | $ 11,175,000 | $ 108,495 | $ 9,000 |
| Dayton-Springfield, OH | 97 | $ 9,141,000 | $ 94,237 | $ 20,000 |
| Fort Wayne, IN | 96 | $ 9,046,000 | $ 94,229 | $ 22,000 |
| Syracuse, NY | 94 | $ 8,339,000 | $ 88,712 | $ 42,000 |
| Austin-San Marcos, TX | 89 | $ 15,311,000 | $ 172,033 | $ 0 |
| Sarasota-Bradenton, FL | 88 | $ 16,248,000 | $ 184,636 | $ 90,000 |
| Naples, FL | 86 | $ 23,694,000 | $ 275,511 | $ 90,000 |
| Bakersfield, CA | 85 | $ 5,286,000 | $ 62,188 | $ 45,000 |
| Akron, OH | 82 | $ 8,392,000 | $ 102,341 | $ 15,000 |
| Buffalo-Niagara Falls, NY | 82 | $ 7,006,000 | $ 85,439 | $ 49,000 |
| Boise City, ID | 81 | $ 5,088,000 | $ 62,814 | $ 43,000 |
| Madison, WI | 80 | $ 7,181,000 | $ 89,762 | $ 20,000 |
| Dover, DE | 79 | $ 11,291,000 | $ 142,924 | $ 60,000 |
| Memphis, TN-AR-MS | 75 | $ 6,614,000 | $ 88,186 | $ 31,000 |
| Vineland-Millville-Bridgeton, NJ | 74 | $ 7,046,000 | $ 95,216 | $ 30,000 |
| Rochester, NY | 73 | $ 6,901,000 | $ 94,534 | $ 42,000 |
| Asheville, NC | 72 | $ 7,250,000 | $ 100,694 | $ 29,000 |
| Fresno, CA | 69 | $ 7,495,000 | $ 108,623 | $ 0 |
| Ann Arbor, MI | 66 | $ 17,400,000 | $ 263,636 | $ 23,000 |
| Roanoke, VA | 66 | $ 5,414,000 | $ 82,030 | $ 24,000 |
| Knoxville, TN | 65 | $ 5,139,000 | $ 79,061 | $ 3,000 |
| Louisville, KY-IN | 65 | $ 4,967,000 | $ 76,415 | $ 0 |
| Hickory-Morganton-Lenoir, NC | 64 | $ 5,650,000 | $ 88,281 | $ 29,000 |
| Daytona Beach, FL | 63 | $ 3,226,000 | $ 51,206 | $ 27,000 |
| Melbourne-Titusville-Palm Bay, FL | 60 | $ 3,856,000 | $ 64,266 | $ 64,000 |
| Reno, NV | 60 | $ 6,693,000 | $ 111,550 | $ 61,000 |
| San Antonio, TX | 60 | $ 4,823,000 | $ 80,383 | $ 0 |
| Appleton-Oshkosh-Neenah, WI | 57 | $ 3,033,000 | $ 53,210 | $ 0 |
| Fort Pierce-Port St. Lucie, FL | 57 | $ 5,286,000 | $ 92,736 | $ 31,000 |
| Columbia, SC | 56 | $ 5,019,000 | $ 89,625 | $ 19,000 |
| Glens Falls, NY | 56 | $ 6,249,000 | $ 111,589 | $ 63,000 |
| Elkhart-Goshen, IN | 54 | $ 4,780,000 | $ 88,518 | $ 23,000 |
| Utica-Rome, NY | 53 | $ 4,620,000 | $ 87,169 | $ 35,000 |
| Boulder-Longmont, CO | 52 | $ 8,230,000 | $ 158,269 | $ 48,000 |
| Santa Rosa, CA | 50 | $ 11,987,000 | $ 239,740 | $ 20,000 |
| Lincoln, NE | 47 | $ 4,799,000 | $ 102,106 | $ 0 |
| Provo-Orem, UT | 45 | $ 3,080,000 | $ 68,444 | $ 0 |
| Toledo, OH | 45 | $ 4,660,000 | $ 103,555 | $ 10,000 |
| Myrtle Beach, SC | 44 | $ 3,452,000 | $ 78,454 | $ 56,000 |
| Fort Collins-Loveland, CO | 43 | $ 4,883,000 | $ 113,558 | $ 0 |
| Greeley, CO | 42 | $ 3,270,000 | $ 77,857 | $ 0 |
| Lakeland-Winter Haven, FL | 42 | $ 3,317,000 | $ 78,976 | $ 38,000 |
| Salinas, CA | 42 | $ 14,699,000 | $ 349,976 | $ 38,000 |
| Lexington, KY | 40 | $ 2,448,000 | $ 61,200 | $ 7,000 |
| Racine, WI | 40 | $ 3,081,000 | $ 77,025 | $ 0 |
| Lansing-East Lansing, MI | 39 | $ 3,017,000 | $ 77,358 | $ 0 |
| Santa Barbara-Santa Maria-Lompoc, CA | 39 | $ 9,495,000 | $ 243,461 | $ 65,000 |
| Charleston-North Charleston, SC | 37 | $ 6,949,000 | $ 187,810 | $ 34,000 |
| El Paso, TX | 37 | $ 2,043,000 | $ 55,216 | $ 0 |
| Janesville-Beloit, WI | 37 | $ 2,361,000 | $ 63,810 | $ 0 |
| Kalamazoo-Battle Creek, MI | 37 | $ 4,475,000 | $ 120,945 | $ 28,000 |
| Evansville-Henderson, IN-KY | 36 | $ 2,771,000 | $ 76,972 | $ 8,000 |
| Kenosha, WI | 36 | $ 2,560,000 | $ 71,111 | $ 40,000 |
| Pensacola, FL | 36 | $ 2,792,000 | $ 77,555 | $ 14,000 |
| Santa Cruz-Watsonville, CA | 36 | $ 17,061,000 | $ 473,916 | $ 0 |
| Green Bay, WI | 34 | $ 2,320,000 | $ 68,235 | $ 0 |
| Wichita, KS | 34 | $ 2,795,000 | $ 82,205 | $ 4,000 |
| Eugene-Springfield, OR | 31 | $ 2,031,000 | $ 65,516 | $ 0 |
| Hamilton-Middletown, OH | 31 | $ 2,284,000 | $ 73,677 | $ 0 |
| Merced, CA | 31 | $ 2,154,000 | $ 69,483 | $ 0 |
| Bremerton, WA | 30 | $ 4,414,000 | $ 147,133 | $ 0 |
| Davenport-Moline-Rock Island, IA-IL | 30 | $ 1,713,000 | $ 57,100 | $ 0 |
| Salem, OR | 29 | $ 1,644,000 | $ 56,689 | $ 0 |
| Cedar Rapids, IA | 28 | $ 1,486,000 | $ 53,071 | $ 0 |
| Hagerstown, MD | 28 | $ 2,220,000 | $ 79,285 | $ 22,000 |
| Tallahassee, FL | 28 | $ 2,065,000 | $ 73,750 | $ 46,000 |
| Flint, MI | 25 | $ 3,568,000 | $ 142,720 | $ 12,000 |
| Sioux Falls, SD | 25 | $ 1,450,000 | $ 58,000 | $ 0 |
| Pueblo, CO | 24 | $ 3,339,000 | $ 139,125 | $ 0 |
| Rockford, IL | 24 | $ 2,321,000 | $ 96,708 | $ 7,000 |
| Canton-Massillon, OH | 23 | $ 3,152,000 | $ 137,043 | $ 11,000 |
| Yolo, CA | 23 | $ 4,201,000 | $ 182,652 | $ 0 |
| Brazoria, TX | 22 | $ 579,000 | $ 26,318 | $ 0 |
| San Luis Obispo-Atascadero-Paso Robles, CA | 21 | $ 3,409,000 | $ 162,333 | $ 7,000 |
| Savannah, GA | 20 | $ 1,331,000 | $ 66,550 | $ 0 |
| Spokane, WA | 20 | $ 2,651,000 | $ 132,550 | $ 0 |
| Wilmington, NC | 20 | $ 3,199,000 | $ 159,950 | $ 27,000 |
| Charlottesville, VA | 19 | $ 1,238,000 | $ 65,157 | $ 19,000 |
| Ocala, FL | 19 | $ 1,092,000 | $ 57,473 | $ 40,000 |
| Topeka, KS | 19 | $ 617,000 | $ 32,473 | $ 0 |
| Biloxi-Gulfport-Pascagoula, MS | 18 | $ 1,937,000 | $ 107,611 | $ 0 |
| Corpus Christi, TX | 18 | $ 1,015,000 | $ 56,388 | $ 0 |
| Jackson, MS | 18 | $ 2,540,000 | $ 141,111 | $ 0 |
| Lafayette, IN | 18 | $ 1,087,000 | $ 60,388 | $ 0 |
| Panama City, FL | 18 | $ 1,140,000 | $ 63,333 | $ 0 |
| Fort Walton Beach, FL | 17 | $ 2,595,000 | $ 152,647 | $ 133,000 |
| Muncie, IN | 17 | $ 1,178,000 | $ 69,294 | $ 48,000 |
| Rochester, MN | 17 | $ 3,188,000 | $ 187,529 | $ 24,000 |
| Chattanooga, TN-GA | 16 | $ 2,253,000 | $ 140,812 | $ 10,000 |
| Gainesville, FL | 16 | $ 877,000 | $ 54,812 | $ 21,000 |
| Galveston-Texas City, TX | 16 | $ 1,074,000 | $ 67,125 | $ 38,000 |
| Kokomo, IN | 16 | $ 1,298,000 | $ 81,125 | $ 0 |
| Lynchburg, VA | 16 | $ 1,361,000 | $ 85,062 | $ 0 |
| Punta Gorda, FL | 16 | $ 2,676,000 | $ 167,250 | $ 59,000 |
| Saginaw-Bay City-Midland, MI | 16 | $ 1,406,000 | $ 87,875 | $ 0 |
| Fayetteville, NC | 15 | $ 1,232,000 | $ 82,133 | $ 42,000 |
| Santa Fe, NM | 15 | $ 1,524,000 | $ 101,600 | $ 0 |
| Terre Haute, IN | 15 | $ 820,000 | $ 54,666 | $ 14,000 |
| Youngstown-Warren, OH | 15 | $ 1,124,000 | $ 74,933 | $ 9,000 |
| Bangor, ME | 14 | $ 1,041,000 | $ 74,357 | $ 19,000 |
| Benton Harbor, MI | 14 | $ 2,315,000 | $ 165,357 | $ 10,000 |
| Danville, VA | 14 | $ 857,000 | $ 61,214 | $ 8,000 |
| Grand Junction, CO | 14 | $ 796,000 | $ 56,857 | $ 0 |
| Yuba City, CA | 14 | $ 582,000 | $ 41,571 | $ 0 |
| Altoona, PA | 13 | $ 818,000 | $ 62,923 | $ 52,000 |
| Amarillo, TX | 13 | $ 285,000 | $ 21,923 | $ 0 |
| Binghamton, NY | 13 | $ 1,182,000 | $ 90,923 | $ 57,000 |
| Las Cruces, NM | 13 | $ 301,000 | $ 23,153 | $ 14,000 |
| Redding, CA | 13 | $ 818,000 | $ 62,923 | $ 0 |
| Visalia-Tulare-Porterville, CA | 13 | $ 1,241,000 | $ 95,461 | $ 0 |
| Johnson City-Kingsport-Bristol, TN-VA | 12 | $ 639,000 | $ 53,250 | $ 0 |
| Johnstown, PA | 12 | $ 734,000 | $ 61,166 | $ 65,000 |
| Medford-Ashland, OR | 12 | $ 1,937,000 | $ 161,416 | $ 0 |
| Richland-Kennewick-Pasco, WA | 12 | $ 310,000 | $ 25,833 | $ 0 |
| Sharon, PA | 12 | $ 2,025,000 | $ 168,750 | $ 160,000 |
| Springfield, MO | 12 | $ 1,344,000 | $ 112,000 | $ 0 |
| St. Cloud, MN | 12 | $ 546,000 | $ 45,500 | $ 0 |
| Chico-Paradise, CA | 11 | $ 1,321,000 | $ 120,090 | $ 18,000 |
| Eau Claire, WI | 11 | $ 447,000 | $ 40,636 | $ 0 |
| Rapid City, SD | 11 | $ 599,000 | $ 54,454 | $ 0 |
| Tyler, TX | 11 | $ 692,000 | $ 62,909 | $ 0 |
| Bellingham, WA | 10 | $ 2,042,000 | $ 204,200 | $ 0 |
| Erie, PA | 10 | $ 538,000 | $ 53,800 | $ 0 |
| Fargo-Moorhead, ND-MN | 10 | $ 790,000 | $ 79,000 | $ 0 |
| Iowa City, IA | 10 | $ 1,557,000 | $ 155,700 | $ 0 |
| Jackson, MI | 10 | $ 913,000 | $ 91,300 | $ 0 |
| Jamestown, NY | 10 | $ 697,000 | $ 69,700 | $ 28,000 |
| Mansfield, OH | 10 | $ 599,000 | $ 59,900 | $ 17,000 |
| Olympia, WA | 10 | $ 755,000 | $ 75,500 | $ 0 |
| Peoria-Pekin, IL | 10 | $ 857,000 | $ 85,700 | $ 0 |
| Sheboygan, WI | 10 | $ 705,000 | $ 70,500 | $ 0 |
| Bismarck, ND | 9 | $ 537,000 | $ 59,666 | $ 0 |
| Charleston, WV | 9 | $ 1,480,000 | $ 164,444 | $ 0 |
| La Crosse, WI-MN | 9 | $ 560,000 | $ 62,222 | $ 0 |
| Longview-Marshall, TX | 9 | $ 188,000 | $ 20,888 | $ 0 |
| Macon, GA | 9 | $ 448,000 | $ 49,777 | $ 23,000 |
| Pittsfield, MA | 9 | $ 1,491,000 | $ 165,666 | $ 87,000 |
| Columbus, GA-AL | 8 | $ 680,000 | $ 85,000 | $ 0 |
| Florence, SC | 8 | $ 395,000 | $ 49,375 | $ 21,000 |
| Sioux City, IA-NE | 8 | $ 253,000 | $ 31,625 | $ 0 |
| Victoria, TX | 8 | $ 257,000 | $ 32,125 | $ 0 |
| Waterloo-Cedar Falls, IA | 8 | $ 592,000 | $ 74,000 | $ 0 |
| Wausau, WI | 8 | $ 405,000 | $ 50,625 | $ 0 |
| Beaumont-Port Arthur, TX | 7 | $ 161,000 | $ 23,000 | $ 0 |
| Billings, MT | 7 | $ 451,000 | $ 64,428 | $ 0 |
| Bloomington, IN | 7 | $ 1,180,000 | $ 168,571 | $ 79,000 |
| Bloomington-Normal, IL | 7 | $ 356,000 | $ 50,857 | $ 0 |
| Corvallis, OR | 7 | $ 224,000 | $ 32,000 | $ 0 |
| Dubuque, IA | 7 | $ 264,000 | $ 37,714 | $ 0 |
| Goldsboro, NC | 7 | $ 537,000 | $ 76,714 | $ 9,000 |
| Greenville, NC | 7 | $ 377,000 | $ 53,857 | $ 0 |
| Huntington-Ashland, WV-KY-OH | 7 | $ 950,000 | $ 135,714 | $ 15,000 |
| Jacksonville, NC | 7 | $ 898,000 | $ 128,285 | $ 45,000 |
| Missoula, MT | 7 | $ 1,495,000 | $ 213,571 | $ 0 |
| Rocky Mount, NC | 7 | $ 466,000 | $ 66,571 | $ 26,000 |
| Sherman-Denison, TX | 7 | $ 360,000 | $ 51,428 | $ 0 |
| St. Joseph, MO | 7 | $ 614,000 | $ 87,714 | $ 0 |
| Yuma, AZ | 7 | $ 456,000 | $ 65,142 | $ 0 |
| Duluth-Superior, MN-WI | 6 | $ 583,000 | $ 97,166 | $ 16,000 |
| Enid, OK | 6 | $ 829,000 | $ 138,166 | $ 0 |
| Flagstaff, AZ-UT | 6 | $ 566,000 | $ 94,333 | $ 0 |
| Augusta-Aiken, GA-SC | 5 | $ 467,000 | $ 93,400 | $ 0 |
| Brownsville-Harlingen-San Benito, TX | 5 | $ 877,000 | $ 175,400 | $ 0 |
| Champaign-Urbana, IL | 5 | $ 744,000 | $ 148,800 | $ 59,000 |
| Cheyenne, WY | 5 | $ 122,000 | $ 24,400 | $ 0 |
| Cumberland, MD-WV | 5 | $ 242,000 | $ 48,400 | $ 10,000 |
| Hattiesburg, MS | 5 | $ 1,415,000 | $ 283,000 | $ 17,000 |
| Joplin, MO | 5 | $ 215,000 | $ 43,000 | $ 0 |
| Kankakee, IL | 5 | $ 95,000 | $ 19,000 | $ 0 |
| Killeen-Temple, TX | 5 | $ 220,000 | $ 44,000 | $ 0 |
| Lawrence, KS | 5 | $ 294,000 | $ 58,800 | $ 16,000 |
| Lawton, OK | 5 | $ 142,000 | $ 28,400 | $ 0 |
| Lewiston-Auburn, ME | 5 | $ 424,000 | $ 84,800 | $ 12,000 |
| Lima, OH | 5 | $ 446,000 | $ 89,200 | $ 21,000 |
| Lubbock, TX | 5 | $ 123,000 | $ 24,600 | $ 0 |
| McAllen-Edinburg-Mission, TX | 5 | $ 658,000 | $ 131,600 | $ 0 |
| Odessa-Midland, TX | 5 | $ 630,000 | $ 126,000 | $ 0 |
| Springfield, IL | 5 | $ 903,000 | $ 180,600 | $ 9,000 |
| Bryan-College Station, TX | 4 | $ 587,000 | $ 146,750 | $ 0 |
| Casper, WY | 4 | $ 84,000 | $ 21,000 | $ 0 |
| Columbia, MO | 4 | $ 240,000 | $ 60,000 | $ 0 |
| Jackson, TN | 4 | $ 134,000 | $ 33,500 | $ 0 |
| Pocatello, ID | 4 | $ 120,000 | $ 30,000 | $ 0 |
| Wichita Falls, TX | 4 | $ 170,000 | $ 42,500 | $ 0 |
| Athens, GA | 3 | $ 187,000 | $ 62,333 | $ 0 |
| Baton Rouge, LA | 3 | $ 97,000 | $ 32,333 | $ 41,000 |
| Clarksville-Hopkinsville, TN-KY | 3 | $ 157,000 | $ 52,333 | $ 46,000 |
| Great Falls, MT | 3 | $ 74,000 | $ 24,666 | $ 0 |
| Huntsville, AL | 3 | $ 524,000 | $ 174,666 | $ 34,000 |
| Laredo, TX | 3 | $ 86,000 | $ 28,666 | $ 0 |
| Little Rock-North Little Rock, AR | 3 | $ 492,000 | $ 164,000 | $ 85,000 |
| Owensboro, KY | 3 | $ 127,000 | $ 42,333 | $ 0 |
| Steubenville-Weirton, OH-WV | 3 | $ 235,000 | $ 78,333 | $ 0 |
| Texarkana, TX-AR | 3 | $ 58,000 | $ 19,333 | $ 0 |
| Yakima, WA | 3 | $ 63,000 | $ 21,000 | $ 0 |
| Decatur, IL | 2 | $ 99,000 | $ 49,500 | $ 0 |
| Elmira, NY | 2 | $ 126,000 | $ 63,000 | $ 75,000 |
| Grand Forks, ND-MN | 2 | $ 224,000 | $ 112,000 | $ 0 |
| Abilene, TX | 1 | $ 110,000 | $ 110,000 | $ 0 |
| Albany, GA | 1 | $ 89,000 | $ 89,000 | $ 0 |
| Birmingham, AL | 1 | $ 95,000 | $ 95,000 | $ 50,000 |
| Lafayette, LA | 1 | $ 40,000 | $ 40,000 | $ 0 |
| Mobile, AL | 1 | $ 42,000 | $ 42,000 | $ 0 |
| New Orleans, LA | 1 | $ 17,000 | $ 17,000 | $ 0 |
| Parkersburg-Marietta, WV-OH | 1 | $ 36,000 | $ 36,000 | $ 0 |
| San Angelo, TX | 1 | $ 16,000 | $ 16,000 | $ 0 |
| Sumter, SC | 1 | $ 75,000 | $ 75,000 | $ 74,000 |
| Waco, TX | 1 | $ 479,000 | $ 479,000 | $ 0 |
| Wheeling, WV-OH | 1 | $ 57,000 | $ 57,000 | $ 0 |
Mortgage Loan Application Detail Totals for Sovereign Bank in 2003
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 (home purchase or home improvement, one-to-four family) | 54,972 | $8,047,314,000 | $124,040 | $7,800,000 | $30,918 | $5,767,000 |
| Home Purchase (one-to-four family) | 25,814 | $3,167,159,000 | $90,750 | $4,444,000 | $14,520 | $1,357,000 |
| Home Improvement (one-to-four family) | 2,689 | $134,562,000 | $79,285 | $800,000 | $82,600 | $1,560,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 175 | $113,469,000 | $644,166 | $20,000,000 | $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 |
|---|---|---|---|---|---|---|
| White | 40,411 | $5,772,617,000 | $108,777 | $7,800,000 | $73,977 | $5,767,000 |
| Not applicable | 32,484 | $4,273,599,000 | $109,040 | $20,000,000 | $0 | $46,000 |
| Information not provided by applicant in mail or telephone application | 3,659 | $469,586,000 | $97,525 | $1,575,000 | $72,675 | $1,560,000 |
| Black | 2,440 | $282,494,000 | $110,826 | $650,000 | $62,130 | $456,000 |
| Hispanic | 2,248 | $308,278,000 | $130,090 | $990,000 | $44,409 | $1,432,000 |
| Asian or Pacific Islander | 1,772 | $267,777,000 | $179,653 | $1,138,000 | $52,884 | $550,000 |
| Other | 522 | $75,045,000 | $137,187 | $720,000 | $73,437 | $720,000 |
| American Indian or Alaskan Native | 114 | $13,108,000 | $115,090 | $412,000 | $68,272 | $408,000 |
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) | 82,827 | $11,353,460,000 | $109,714 | $20,000,000 | $27,653 | $5,767,000 |
| FHA-insured (Federal Housing Administration) | 772 | $101,804,000 | $157,444 | $467,000 | $61,000 | $260,000 |
| VA-guaranteed (Veterans Administration) | 51 | $7,240,000 | $166,857 | $245,000 | $63,142 | $100,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 39,635 | $5,704,603,000 | $117,076 | $20,000,000 | $77,820 | $3,800,000 |
| Loan Purchased By The Institution | 32,329 | $4,172,388,000 | $104,469 | $1,307,000 | $0 | $0 |
| Application Denied By Financial Institution | 5,031 | $580,326,000 | $100,227 | $4,000,000 | $70,000 | $1,451,000 |
| Application Approved But Not Accepted | 4,973 | $700,169,000 | $107,763 | $1,750,000 | $60,131 | $2,808,000 |
| Application Withdrawn By Applicant | 1,659 | $301,443,000 | $175,315 | $7,800,000 | $55,263 | $5,767,000 |
| File Closed For Incompleteness | 23 | $3,575,000 | $168,000 | $350,000 | $14,900 | $101,000 |
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 | 1,960 | $191,311,000 | $89,393 | $4,000,000 | $57,787 | $1,200,000 |
| Debt-To-Income Ratio | 1,172 | $139,579,000 | $126,285 | $4,000,000 | $59,821 | $555,000 |
| Collateral | 882 | $105,860,000 | $100,200 | $647,000 | $81,457 | $1,451,000 |
| Other | 728 | $96,129,000 | $115,272 | $1,765,000 | $74,909 | $1,000,000 |
| Credit Application Incomplete | 132 | $25,431,000 | $165,500 | $625,000 | $62,416 | $150,000 |
| Unverifiable Information | 86 | $13,096,000 | $138,700 | $1,300,000 | $55,500 | $200,000 |
| Employment History | 47 | $6,488,000 | $130,181 | $467,000 | $26,090 | $160,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 12 | $1,572,000 | $155,500 | $368,000 | $42,750 | $146,000 |
| Mortgage Insurance Denied | 12 | $860,000 | $68,400 | $285,000 | $65,800 | $296,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Sovereign Bank's 2003 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 Sovereign 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 Pennsylvania, download the full spreadsheet
with aggregated HMDA statistics today.
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