Sovereign Bank Mortgage Lending & HMDA Data, 2007
In 2007, Sovereign Bank of Wyomissing, PA reported 43,269 mortgage applications totaling $10.4 billion, down 50% from 2006. The average application was for $239,322, and applicants reported an average income of $81,796. 66% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Philadelphia, PA (5,248), Providence-New Bedford-Fall River, RI-MA (3,647) and Edison, NJ (3,403) (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 | 43,269 |
| Total Mortgage Loan Application Amount | $10,355,260,000 |
| Average Mortgage Loan Application Amount | $239,322 |
| Highest Mortgage Loan Application Amount | $50,000,000 |
| Average Applicant Income | $81,796 |
| Highest Applicant Income | $6,000,000 |
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Act (HMDA) records Sovereign Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 5,248 | $ 1,129,849,000 | $ 215,291 | $ 75,000 |
| Providence-New Bedford-Fall River, RI-MA | 3,647 | $ 640,426,000 | $ 175,603 | $ 77,317 |
| Edison, NJ | 3,403 | $ 581,883,000 | $ 170,991 | $ 87,000 |
| Boston-Quincy, MA | 3,124 | $ 625,728,000 | $ 200,297 | $ 86,000 |
| New York-White Plains-Wayne, NY-NJ | 2,135 | $ 1,559,770,000 | $ 730,571 | $ 84,148 |
| Newark-Union, NJ-PA | 1,647 | $ 408,330,000 | $ 247,923 | $ 82,974 |
| Cambridge-Newton-Framingham, MA | 1,637 | $ 294,193,000 | $ 179,714 | $ 85,000 |
| Reading, PA | 1,575 | $ 173,977,000 | $ 110,461 | $ 62,000 |
| Hartford-West Hartford-East Hartford, CT | 1,395 | $ 225,780,000 | $ 161,849 | $ 81,000 |
| Peabody, MA | 1,136 | $ 179,369,000 | $ 157,895 | $ 82,000 |
| Worcester, MA | 1,068 | $ 156,754,000 | $ 146,773 | $ 78,000 |
| Albany-Schenectady-Troy, NY | 980 | $ 160,309,000 | $ 163,580 | $ 78,000 |
| Lancaster, PA | 905 | $ 96,972,000 | $ 107,151 | $ 62,000 |
| York-Hanover, PA | 857 | $ 109,445,000 | $ 127,707 | $ 74,000 |
| Harrisburg-Carlisle, PA | 794 | $ 108,295,000 | $ 136,391 | $ 71,000 |
| Barnstable Town, MA | 707 | $ 182,327,000 | $ 257,888 | $ 88,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 693 | $ 111,641,000 | $ 161,098 | $ 71,160 |
| Camden, NJ | 618 | $ 142,240,000 | $ 230,161 | $ 84,000 |
| Chicago-Naperville-Joliet, IL | 462 | $ 261,695,000 | $ 566,439 | $ 65,000 |
| Rockingham County-Strafford County, NH | 411 | $ 65,294,000 | $ 158,866 | $ 89,000 |
| Pittsburgh, PA | 403 | $ 45,800,000 | $ 113,647 | $ 67,000 |
| Trenton-Ewing, NJ | 403 | $ 56,099,000 | $ 139,203 | $ 81,000 |
| New Haven-Milford, CT | 373 | $ 75,276,000 | $ 201,812 | $ 77,000 |
| Wilmington, DE-MD-NJ | 362 | $ 71,468,000 | $ 197,425 | $ 67,303 |
| Williamsport, PA | 342 | $ 25,153,000 | $ 73,546 | $ 61,000 |
| Springfield, MA | 331 | $ 45,788,000 | $ 138,332 | $ 63,000 |
| Manchester-Nashua, NH | 310 | $ 45,468,000 | $ 146,670 | $ 87,000 |
| Lebanon, PA | 282 | $ 29,779,000 | $ 105,599 | $ 62,000 |
| Glens Falls, NY | 242 | $ 32,644,000 | $ 134,892 | $ 62,000 |
| Scranton--Wilkes-Barre, PA | 203 | $ 24,626,000 | $ 121,310 | $ 65,000 |
| Nassau-Suffolk, NY | 200 | $ 67,779,000 | $ 338,895 | $ 106,000 |
| Evansville, IN-KY | 199 | $ 24,493,000 | $ 123,080 | $ 84,000 |
| Atlantic City, NJ | 198 | $ 113,539,000 | $ 573,429 | $ 81,000 |
| Baltimore-Towson, MD | 194 | $ 182,167,000 | $ 939,005 | $ 56,000 |
| Bridgeport-Stamford-Norwalk, CT | 187 | $ 63,740,000 | $ 340,855 | $ 128,000 |
| Burlington-South Burlington, VT | 182 | $ 38,125,000 | $ 209,478 | $ 77,000 |
| Oakland-Fremont-Hayward, CA | 162 | $ 88,878,000 | $ 548,629 | $ 122,000 |
| Ocean City, NJ | 135 | $ 54,445,000 | $ 403,296 | $ 296,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 133 | $ 63,008,000 | $ 473,744 | $ 84,007 |
| Los Angeles-Long Beach-Glendale, CA | 119 | $ 221,422,000 | $ 1,860,689 | $ 47,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 103 | $ 25,826,000 | $ 250,737 | $ 79,000 |
| St. Louis, MO-IL | 99 | $ 18,543,000 | $ 187,303 | $ 117,030 |
| Buffalo-Niagara Falls, NY | 95 | $ 12,085,000 | $ 127,210 | $ 70,000 |
| Portland-South Portland-Biddeford, ME | 95 | $ 21,966,000 | $ 231,221 | $ 102,000 |
| Hagerstown-Martinsburg, MD-WV | 84 | $ 11,011,000 | $ 131,083 | $ 71,250 |
| Bethesda-Gaithersburg-Frederick, MD | 81 | $ 19,607,000 | $ 242,061 | $ 88,000 |
| State College, PA | 79 | $ 8,837,000 | $ 111,860 | $ 62,000 |
| Gary, IN | 70 | $ 11,614,000 | $ 165,914 | $ 67,000 |
| Utica-Rome, NY | 66 | $ 7,066,000 | $ 107,060 | $ 60,000 |
| Syracuse, NY | 65 | $ 7,625,000 | $ 117,307 | $ 65,000 |
| Norwich-New London, CT | 64 | $ 16,310,000 | $ 254,843 | $ 129,000 |
| Tampa-St. Petersburg-Clearwater, FL | 61 | $ 75,861,000 | $ 1,243,622 | $ 210,000 |
| Orlando-Kissimmee, FL | 54 | $ 75,907,000 | $ 1,405,685 | $ 73,000 |
| Charlotte-Gastonia-Concord, NC-SC | 51 | $ 12,205,000 | $ 239,313 | $ 71,882 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 51 | $ 58,334,000 | $ 1,143,803 | $ 76,000 |
| Fort Wayne, IN | 50 | $ 4,796,000 | $ 95,920 | $ 57,000 |
| Dover, DE | 49 | $ 9,734,000 | $ 198,653 | $ 82,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 49 | $ 21,443,000 | $ 437,612 | $ 105,000 |
| Indianapolis-Carmel, IN | 47 | $ 18,200,000 | $ 387,234 | $ 108,000 |
| Raleigh-Cary, NC | 42 | $ 16,936,000 | $ 403,238 | $ 83,000 |
| Rochester, NY | 42 | $ 5,106,000 | $ 121,571 | $ 92,000 |
| Denver-Aurora, CO | 38 | $ 10,728,000 | $ 282,315 | $ 114,000 |
| Kingston, NY | 36 | $ 7,725,000 | $ 214,583 | $ 65,000 |
| San Francisco-San Mateo-Redwood City, CA | 35 | $ 20,619,000 | $ 589,114 | $ 180,000 |
| Jacksonville, FL | 34 | $ 29,063,000 | $ 854,794 | $ 621,000 |
| Pittsfield, MA | 34 | $ 7,026,000 | $ 206,647 | $ 73,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 34 | $ 21,421,000 | $ 630,029 | $ 160,000 |
| Cleveland-Elyria-Mentor, OH | 31 | $ 3,709,000 | $ 119,645 | $ 64,000 |
| Vineland-Millville-Bridgeton, NJ | 31 | $ 11,685,000 | $ 376,935 | $ 57,000 |
| Naples-Marco Island, FL | 30 | $ 8,539,000 | $ 284,633 | $ 106,000 |
| Miami-Miami Beach-Kendall, FL | 29 | $ 23,628,000 | $ 814,758 | $ 100,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 29 | $ 52,390,000 | $ 1,806,551 | $ 139,103 |
| Cape Coral-Fort Myers, FL | 27 | $ 6,796,000 | $ 251,703 | $ 76,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 26 | $ 10,220,000 | $ 393,076 | $ 168,000 |
| Akron, OH | 22 | $ 2,188,000 | $ 99,454 | $ 42,000 |
| Seattle-Bellevue-Everett, WA | 21 | $ 9,331,000 | $ 444,333 | $ 176,000 |
| Warren-Troy-Farmington Hills, MI | 21 | $ 3,573,000 | $ 170,142 | $ 78,000 |
| Huntsville, AL | 20 | $ 3,641,000 | $ 182,050 | $ 68,000 |
| Cincinnati-Middletown, OH-KY-IN | 19 | $ 2,602,000 | $ 136,947 | $ 67,947 |
| Deltona-Daytona Beach-Ormond Beach, FL | 19 | $ 5,745,000 | $ 302,368 | $ 46,000 |
| Kansas City, MO-KS | 19 | $ 3,204,000 | $ 168,631 | $ 113,789 |
| Lafayette, IN | 18 | $ 1,302,000 | $ 72,333 | $ 49,000 |
| Atlanta-Sandy Springs-Marietta, GA | 17 | $ 2,929,000 | $ 172,294 | $ 150,000 |
| Santa Ana-Anaheim-Irvine, CA | 17 | $ 13,871,000 | $ 815,941 | $ 115,000 |
| Canton-Massillon, OH | 16 | $ 1,368,000 | $ 85,500 | $ 93,000 |
| Montgomery, AL | 16 | $ 1,984,000 | $ 124,000 | $ 82,000 |
| Phoenix-Mesa-Scottsdale, AZ | 16 | $ 69,778,000 | $ 4,361,125 | $ 78,000 |
| Richmond, VA | 16 | $ 2,963,000 | $ 185,187 | $ 55,000 |
| Muncie, IN | 15 | $ 1,668,000 | $ 111,200 | $ 55,000 |
| Port St. Lucie, FL | 15 | $ 6,622,000 | $ 441,466 | $ 39,000 |
| Riverside-San Bernardino-Ontario, CA | 15 | $ 5,065,000 | $ 337,666 | $ 119,000 |
| Asheville, NC | 14 | $ 2,107,000 | $ 150,500 | $ 68,000 |
| Bloomington, IN | 14 | $ 2,021,000 | $ 144,357 | $ 70,000 |
| Cumberland, MD-WV | 14 | $ 1,451,000 | $ 103,642 | $ 54,285 |
| Lake County-Kenosha County, IL-WI | 14 | $ 3,804,000 | $ 271,714 | $ 58,500 |
| Sarasota-Bradenton-Venice, FL | 14 | $ 2,825,000 | $ 201,785 | $ 123,000 |
| Stockton, CA | 14 | $ 6,228,000 | $ 444,857 | $ 64,000 |
| Altoona, PA | 13 | $ 1,835,000 | $ 141,153 | $ 50,000 |
| Greensboro-High Point, NC | 13 | $ 2,188,000 | $ 168,307 | $ 23,000 |
| Lynchburg, VA | 13 | $ 1,433,000 | $ 110,230 | $ 41,000 |
| Binghamton, NY | 12 | $ 1,355,000 | $ 112,916 | $ 65,000 |
| Columbus, OH | 12 | $ 1,859,000 | $ 154,916 | $ 52,000 |
| Ocala, FL | 12 | $ 3,945,000 | $ 328,750 | $ 100,000 |
| Clarksville, TN-KY | 11 | $ 59,277,000 | $ 5,388,818 | $ 6,000 |
| Detroit-Livonia-Dearborn, MI | 11 | $ 2,474,000 | $ 224,909 | $ 144,000 |
| Durham, NC | 10 | $ 14,429,000 | $ 1,442,900 | $ 58,000 |
| Erie, PA | 10 | $ 919,000 | $ 91,900 | $ 66,000 |
| Lewiston-Auburn, ME | 10 | $ 1,881,000 | $ 188,100 | $ 61,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 10 | $ 43,157,000 | $ 4,315,700 | $ 47,000 |
| Punta Gorda, FL | 10 | $ 1,911,000 | $ 191,100 | $ 60,000 |
| Salinas, CA | 10 | $ 4,890,000 | $ 489,000 | $ 715,000 |
| Savannah, GA | 10 | $ 10,656,000 | $ 1,065,600 | $ 71,000 |
| Johnstown, PA | 9 | $ 847,000 | $ 94,111 | $ 41,000 |
| Palm Bay-Melbourne-Titusville, FL | 9 | $ 9,442,000 | $ 1,049,111 | $ 46,000 |
| San Diego-Carlsbad-San Marcos, CA | 9 | $ 36,823,000 | $ 4,091,444 | $ 60,000 |
| South Bend-Mishawaka, IN-MI | 9 | $ 832,000 | $ 92,444 | $ 75,555 |
| Vallejo-Fairfield, CA | 9 | $ 4,197,000 | $ 466,333 | $ 74,000 |
| Bangor, ME | 8 | $ 1,052,000 | $ 131,500 | $ 50,000 |
| Birmingham-Hoover, AL | 8 | $ 1,308,000 | $ 163,500 | $ 48,000 |
| Kankakee-Bradley, IL | 8 | $ 1,346,000 | $ 168,250 | $ 67,000 |
| Lansing-East Lansing, MI | 8 | $ 9,924,000 | $ 1,240,500 | $ 18,000 |
| Lakeland, FL | 7 | $ 1,729,000 | $ 247,000 | $ 71,000 |
| Las Vegas-Paradise, NV | 7 | $ 3,741,000 | $ 534,428 | $ 213,000 |
| Modesto, CA | 7 | $ 2,293,000 | $ 327,571 | $ 55,000 |
| Reno-Sparks, NV | 7 | $ 3,855,000 | $ 550,714 | $ 223,000 |
| Roanoke, VA | 7 | $ 1,070,000 | $ 152,857 | $ 89,000 |
| Santa Cruz-Watsonville, CA | 7 | $ 4,879,000 | $ 697,000 | $ 212,000 |
| Toledo, OH | 7 | $ 865,000 | $ 123,571 | $ 55,000 |
| Wheeling, WV-OH | 7 | $ 510,000 | $ 72,857 | $ 36,428 |
| Fresno, CA | 6 | $ 5,070,000 | $ 845,000 | $ 67,000 |
| Hickory-Lenoir-Morganton, NC | 6 | $ 7,299,000 | $ 1,216,500 | $ 46,000 |
| Knoxville, TN | 6 | $ 705,000 | $ 117,500 | $ 58,000 |
| Memphis, TN-MS-AR | 6 | $ 9,968,000 | $ 1,661,333 | $ 93,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 6 | $ 612,000 | $ 102,000 | $ 51,000 |
| Albuquerque, NM | 5 | $ 966,000 | $ 193,200 | $ 78,000 |
| Greenville, NC | 5 | $ 794,000 | $ 158,800 | $ 68,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 5 | $ 3,458,000 | $ 691,600 | $ 62,000 |
| Palm Coast, FL | 5 | $ 852,000 | $ 170,400 | $ 124,000 |
| Panama City-Lynn Haven, FL | 5 | $ 834,000 | $ 166,800 | $ 168,000 |
| Sebastian-Vero Beach, FL | 5 | $ 5,391,000 | $ 1,078,200 | $ 109,000 |
| Tuscaloosa, AL | 5 | $ 560,000 | $ 112,000 | $ 73,000 |
| Youngstown-Warren-Boardman, OH-PA | 5 | $ 290,000 | $ 58,000 | $ 32,000 |
| Athens-Clarke County, GA | 4 | $ 346,000 | $ 86,500 | $ 386,000 |
| Charlottesville, VA | 4 | $ 977,000 | $ 244,250 | $ 63,000 |
| Columbia, SC | 4 | $ 201,000 | $ 50,250 | $ 80,000 |
| Dallas-Plano-Irving, TX | 4 | $ 695,000 | $ 173,750 | $ 90,000 |
| Elmira, NY | 4 | $ 380,000 | $ 95,000 | $ 54,000 |
| Ithaca, NY | 4 | $ 452,000 | $ 113,000 | $ 101,000 |
| Milwaukee-Waukesha-West Allis, WI | 4 | $ 14,902,000 | $ 3,725,500 | $ 40,000 |
| Redding, CA | 4 | $ 818,000 | $ 204,500 | $ 40,000 |
| Santa Rosa-Petaluma, CA | 4 | $ 1,460,000 | $ 365,000 | $ 104,000 |
| Tallahassee, FL | 4 | $ 446,000 | $ 111,500 | $ 64,000 |
| Weirton-Steubenville, WV-OH | 4 | $ 419,000 | $ 104,750 | $ 31,000 |
| Bakersfield, CA | 3 | $ 1,007,000 | $ 335,666 | $ 34,000 |
| Charleston-North Charleston, SC | 3 | $ 818,000 | $ 272,666 | $ 718,000 |
| Columbus, GA-AL | 3 | $ 234,000 | $ 78,000 | $ 37,000 |
| Dalton, GA | 3 | $ 234,000 | $ 78,000 | $ 57,000 |
| Dayton, OH | 3 | $ 289,000 | $ 96,333 | $ 65,000 |
| Des Moines-West Des Moines, IA | 3 | $ 294,000 | $ 98,000 | $ 68,000 |
| Grand Rapids-Wyoming, MI | 3 | $ 440,000 | $ 146,666 | $ 71,000 |
| Greenville-Mauldin-Easley, SC | 3 | $ 527,000 | $ 175,666 | $ 67,000 |
| Jefferson City, MO | 3 | $ 226,000 | $ 75,333 | $ 53,000 |
| Michigan City-La Porte, IN | 3 | $ 317,000 | $ 105,666 | $ 70,000 |
| Napa, CA | 3 | $ 541,000 | $ 180,333 | $ 98,000 |
| Pensacola-Ferry Pass-Brent, FL | 3 | $ 2,712,000 | $ 904,000 | $ 21,000 |
| Portland-Vancouver-Beaverton, OR-WA | 3 | $ 642,000 | $ 214,000 | $ 102,333 |
| Santa Barbara-Santa Maria-Goleta, CA | 3 | $ 1,594,000 | $ 531,333 | $ 50,000 |
| Tucson, AZ | 3 | $ 366,000 | $ 122,000 | $ 119,000 |
| Wilmington, NC | 3 | $ 348,000 | $ 116,000 | $ 134,000 |
| Winchester, VA-WV | 3 | $ 659,000 | $ 219,666 | $ 55,000 |
| Winston-Salem, NC | 3 | $ 275,000 | $ 91,666 | $ 52,000 |
| Augusta-Richmond County, GA-SC | 2 | $ 285,000 | $ 142,500 | $ 49,000 |
| Austin-Round Rock, TX | 2 | $ 7,225,000 | $ 3,612,500 | $ 0 |
| Bloomington-Normal, IL | 2 | $ 3,728,000 | $ 1,864,000 | $ 0 |
| Bremerton-Silverdale, WA | 2 | $ 617,000 | $ 308,500 | $ 100,000 |
| Brunswick, GA | 2 | $ 265,000 | $ 132,500 | $ 61,000 |
| Carson City, NV | 2 | $ 328,000 | $ 164,000 | $ 74,000 |
| Chattanooga, TN-GA | 2 | $ 273,000 | $ 136,500 | $ 40,000 |
| Fayetteville, NC | 2 | $ 270,000 | $ 135,000 | $ 75,000 |
| Flagstaff, AZ | 2 | $ 509,000 | $ 254,500 | $ 74,000 |
| Florence-Muscle Shoals, AL | 2 | $ 356,000 | $ 178,000 | $ 26,000 |
| Fort Walton Beach-Crestview-Destin, FL | 2 | $ 589,000 | $ 294,500 | $ 15,000 |
| Houston-Sugar Land-Baytown, TX | 2 | $ 22,248,000 | $ 11,124,000 | $ 38,000 |
| Merced, CA | 2 | $ 679,000 | $ 339,500 | $ 78,000 |
| Mobile, AL | 2 | $ 266,000 | $ 133,000 | $ 52,000 |
| Morgantown, WV | 2 | $ 107,000 | $ 53,500 | $ 22,000 |
| Oshkosh-Neenah, WI | 2 | $ 211,000 | $ 105,500 | $ 105,000 |
| San Luis Obispo-Paso Robles, CA | 2 | $ 806,000 | $ 403,000 | $ 167,000 |
| Spartanburg, SC | 2 | $ 257,000 | $ 128,500 | $ 42,000 |
| Anderson, IN | 1 | $ 100,000 | $ 100,000 | $ 30,000 |
| Beaumont-Port Arthur, TX | 1 | $ 5,000,000 | $ 5,000,000 | $ 0 |
| Blacksburg-Christiansburg-Radford, VA | 1 | $ 55,000 | $ 55,000 | $ 50,000 |
| Boise City-Nampa, ID | 1 | $ 180,000 | $ 180,000 | $ 164,000 |
| Burlington, NC | 1 | $ 101,000 | $ 101,000 | $ 47,000 |
| Charleston, WV | 1 | $ 59,000 | $ 59,000 | $ 60,000 |
| Chico, CA | 1 | $ 208,000 | $ 208,000 | $ 144,000 |
| Colorado Springs, CO | 1 | $ 118,000 | $ 118,000 | $ 30,000 |
| Danville, VA | 1 | $ 135,000 | $ 135,000 | $ 204,000 |
| Elkhart-Goshen, IN | 1 | $ 75,000 | $ 75,000 | $ 27,000 |
| Fargo, ND-MN | 1 | $ 71,000 | $ 71,000 | $ 80,000 |
| Flint, MI | 1 | $ 50,000 | $ 50,000 | $ 0 |
| Florence, SC | 1 | $ 175,000 | $ 175,000 | $ 67,000 |
| Gainesville, FL | 1 | $ 139,000 | $ 139,000 | $ 0 |
| Gainesville, GA | 1 | $ 150,000 | $ 150,000 | $ 102,000 |
| Grand Junction, CO | 1 | $ 40,000 | $ 40,000 | $ 46,000 |
| Harrisonburg, VA | 1 | $ 182,000 | $ 182,000 | $ 81,000 |
| Hinesville-Fort Stewart, GA | 1 | $ 174,000 | $ 174,000 | $ 125,000 |
| Jacksonville, NC | 1 | $ 112,000 | $ 112,000 | $ 27,000 |
| Kalamazoo-Portage, MI | 1 | $ 144,000 | $ 144,000 | $ 0 |
| Killeen-Temple-Fort Hood, TX | 1 | $ 28,000 | $ 28,000 | $ 52,000 |
| Las Cruces, NM | 1 | $ 216,000 | $ 216,000 | $ 87,000 |
| Lexington-Fayette, KY | 1 | $ 3,280,000 | $ 3,280,000 | $ 0 |
| Little Rock-North Little Rock-Conway, AR | 1 | $ 26,000 | $ 26,000 | $ 30,000 |
| Louisville-Jefferson County, KY-IN | 1 | $ 16,850,000 | $ 16,850,000 | $ 0 |
| Macon, GA | 1 | $ 145,000 | $ 145,000 | $ 74,000 |
| Mansfield, OH | 1 | $ 76,000 | $ 76,000 | $ 38,000 |
| Medford, OR | 1 | $ 165,000 | $ 165,000 | $ 30,000 |
| Monroe, MI | 1 | $ 56,000 | $ 56,000 | $ 112,000 |
| Mount Vernon-Anacortes, WA | 1 | $ 121,000 | $ 121,000 | $ 44,000 |
| Niles-Benton Harbor, MI | 1 | $ 210,000 | $ 210,000 | $ 0 |
| Oklahoma City, OK | 1 | $ 55,000 | $ 55,000 | $ 33,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 676,000 | $ 676,000 | $ 252,000 |
| Parkersburg-Marietta-Vienna, WV-OH | 1 | $ 72,000 | $ 72,000 | $ 60,000 |
| Peoria, IL | 1 | $ 62,000 | $ 62,000 | $ 26,000 |
| Pueblo, CO | 1 | $ 140,000 | $ 140,000 | $ 58,000 |
| Racine, WI | 1 | $ 280,000 | $ 280,000 | $ 51,000 |
| Rochester, MN | 1 | $ 75,000 | $ 75,000 | $ 121,000 |
| Salem, OR | 1 | $ 192,000 | $ 192,000 | $ 53,000 |
| Salisbury, MD | 1 | $ 170,000 | $ 170,000 | $ 42,000 |
| Salt Lake City, UT | 1 | $ 30,000 | $ 30,000 | $ 90,000 |
| Springfield, MO | 1 | $ 152,000 | $ 152,000 | $ 85,000 |
| Springfield, OH | 1 | $ 67,000 | $ 67,000 | $ 66,000 |
| St. Cloud, MN | 1 | $ 58,000 | $ 58,000 | $ 83,000 |
| Sumter, SC | 1 | $ 81,000 | $ 81,000 | $ 108,000 |
| Tacoma, WA | 1 | $ 350,000 | $ 350,000 | $ 377,000 |
| Terre Haute, IN | 1 | $ 105,000 | $ 105,000 | $ 28,000 |
| Topeka, KS | 1 | $ 29,000 | $ 29,000 | $ 62,000 |
| Tulsa, OK | 1 | $ 32,000 | $ 32,000 | $ 173,000 |
| Visalia-Porterville, CA | 1 | $ 100,000 | $ 100,000 | $ 100,000 |
| Wichita, KS | 1 | $ 139,000 | $ 139,000 | $ 75,000 |
Mortgage Loan Application Detail Totals for Sovereign Bank in 2007
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 | 19,364 | $5,246,450,000 | $270,000 | $50,000,000 | $84,000 | $5,711,000 |
| Home Purchase | 15,847 | $4,429,439,000 | $279,000 | $45,000,000 | $79,000 | $6,000,000 |
| Home Improvement | 8,058 | $679,371,000 | $84,000 | $25,725,000 | $82,000 | $4,000,000 |
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 | 30,936 | $5,346,988,000 | $172,000 | $18,000,000 | $87,000 | $6,000,000 |
| Not Provided | 3,374 | $567,039,000 | $168,000 | $6,080,000 | $91,000 | $3,574,000 |
| Hispanic | 3,291 | $452,844,000 | $137,000 | $1,230,000 | $60,000 | $2,319,000 |
| Black or African American | 2,860 | $388,616,000 | $135,000 | $3,308,000 | $60,000 | $3,687,000 |
| Asian | 1,604 | $354,509,000 | $221,000 | $11,600,000 | $88,000 | $1,560,000 |
| Not applicable | 931 | $3,198,872,000 | $3,435,000 | $50,000,000 | $0 | $216,000 |
| American Indian or Alaskan Native | 152 | $28,458,000 | $187,000 | $840,000 | $87,000 | $576,000 |
| Native Hawaiian or Other Pacific Islander | 121 | $17,934,000 | $148,000 | $692,000 | $80,000 | $969,000 |
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) | 42,391 | $10,218,745,000 | $241,000 | $50,000,000 | $82,000 | $6,000,000 |
| FHA-insured (Federal Housing Administration) | 836 | $128,351,000 | $153,000 | $502,000 | $53,000 | $222,000 |
| VA-guaranteed (Veterans Administration) | 42 | $8,164,000 | $194,000 | $345,000 | $60,000 | $111,000 |
| 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 | 28,690 | $6,855,841,000 | $238,000 | $45,000,000 | $84,000 | $6,000,000 |
| Application Denied By Financial Institution | 7,411 | $1,402,797,000 | $189,000 | $35,000,000 | $68,000 | $2,424,000 |
| Application Approved But Not Accepted | 3,373 | $878,422,000 | $260,000 | $20,000,000 | $91,000 | $5,000,000 |
| Application Withdrawn By Applicant | 2,194 | $904,959,000 | $412,000 | $50,000,000 | $85,000 | $3,687,000 |
| Loan Purchased By The Institution | 1,389 | $281,773,000 | $202,000 | $1,100,000 | $75,000 | $1,070,000 |
| Preapproval Denied by Financial Institution | 209 | $30,646,000 | $146,000 | $1,327,000 | $43,000 | $240,000 |
| File Closed For Incompleteness | 2 | $635,000 | $317,000 | $400,000 | $37,000 | $75,000 |
| Preapproval Approved but not Accepted | 1 | $187,000 | $187,000 | $187,000 | $42,000 | $42,000 |
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 | 2,680 | $349,701,000 | $130,000 | $10,000,000 | $68,000 | $2,319,000 |
| Debt-To-Income Ratio | 1,731 | $236,670,000 | $136,000 | $2,240,000 | $56,000 | $696,000 |
| Collateral | 1,387 | $300,260,000 | $216,000 | $18,000,000 | $86,000 | $1,027,000 |
| Other | 839 | $369,538,000 | $440,000 | $35,000,000 | $70,000 | $2,424,000 |
| Unverifiable Information | 431 | $82,092,000 | $190,000 | $7,000,000 | $49,000 | $575,000 |
| Mortgage Insurance Denied | 354 | $38,104,000 | $107,000 | $730,000 | $82,000 | $1,007,000 |
| Credit Application Incomplete | 112 | $43,295,000 | $386,000 | $18,000,000 | $58,000 | $252,000 |
| Employment History | 59 | $9,376,000 | $158,000 | $504,000 | $40,000 | $225,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 27 | $4,407,000 | $163,000 | $565,000 | $49,000 | $113,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Sovereign Bank's 2007 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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