Sterling Bank and Trust, FSB Mortgage Lending & HMDA Data, 2020
In 2020, Sterling Bank and Trust, FSB of Southfield, MI reported 1,360 mortgage applications totaling $675.8 million, down 51% from 2019. The average application was for $496,889, and applicants reported an average income of $192,119. 41% of its applications resulted in an originated loan and 10% were denied. Its largest markets were San Francisco-Redwood City-South San Francisco, CA (379), Los Angeles-Long Beach-Glendale, CA (259) and Oakland-Hayward-Berkeley, CA (161) (applications in parentheses).
| Mortgage Company & Address | Sterling Bank and Trust, FSB One Towne Square, Suite 1900 Southfield, MI 48076 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 1,360 |
| Total Mortgage Loan Application Amount | $675,770,000 |
| Average Mortgage Loan Application Amount | $496,889 |
| Highest Mortgage Loan Application Amount | $12,505,000 |
| Average Applicant Income | $192,119 |
| Highest Applicant Income | $3,609,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Sterling Bank and Trust, FSB filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| San Francisco, California | 310 | $ 212,150,000 | $ 684,354 | $ 333,000 |
| Los Angeles, California | 259 | $ 142,725,000 | $ 551,061 | $ 157,000 |
| Alameda, California | 110 | $ 42,940,000 | $ 390,363 | $ 140,000 |
| Orange, California | 89 | $ 36,915,000 | $ 414,775 | $ 143,000 |
| San Bernardino, California | 89 | $ 24,835,000 | $ 279,044 | $ 104,000 |
| San Mateo, California | 69 | $ 36,925,000 | $ 535,144 | $ 235,000 |
| Oakland, Michigan | 64 | $ 15,140,000 | $ 236,562 | $ 92,000 |
| Contra Costa, California | 51 | $ 18,465,000 | $ 362,058 | $ 148,000 |
| Santa Clara, California | 37 | $ 19,645,000 | $ 530,945 | $ 242,000 |
| King, Washington | 33 | $ 11,625,000 | $ 352,272 | $ 99,000 |
| Queens, New York | 24 | $ 10,520,000 | $ 438,333 | $ 109,000 |
| Riverside, California | 20 | $ 6,440,000 | $ 322,000 | $ 200,000 |
| Sacramento, California | 14 | $ 4,270,000 | $ 305,000 | $ 146,000 |
| Kings, New York | 14 | $ 26,160,000 | $ 1,868,571 | $ 154,000 |
| Nassau, New York | 11 | $ 3,905,000 | $ 355,000 | $ 101,000 |
| Wayne, Michigan | 9 | $ 1,255,000 | $ 139,444 | $ 132,000 |
| Marin, California | 8 | $ 4,330,000 | $ 541,250 | $ 155,000 |
| San Diego, California | 7 | $ 2,685,000 | $ 383,571 | $ 122,000 |
| Macomb, Michigan | 7 | $ 1,025,000 | $ 146,428 | $ 91,000 |
| Ventura, California | 6 | $ 2,150,000 | $ 358,333 | $ 162,000 |
| Bronx, New York | 6 | $ 7,560,000 | $ 1,260,000 | $ 86,000 |
| Santa Cruz, California | 5 | $ 1,775,000 | $ 355,000 | $ 100,000 |
| Solano, California | 5 | $ 2,115,000 | $ 423,000 | $ 234,000 |
| Pierce, Washington | 5 | $ 2,005,000 | $ 401,000 | $ 257,000 |
| Maricopa, Arizona | 4 | $ 870,000 | $ 217,500 | $ 190,000 |
| Fulton, Georgia | 4 | $ 1,380,000 | $ 345,000 | $ 200,000 |
| Livingston, Michigan | 4 | $ 650,000 | $ 162,500 | $ 93,000 |
| Washtenaw, Michigan | 4 | $ 850,000 | $ 212,500 | $ 83,000 |
| Clark, Nevada | 4 | $ 860,000 | $ 215,000 | $ 95,000 |
| Santa Barbara, California | 3 | $ 1,405,000 | $ 468,333 | $ 477,000 |
| Yolo, California | 3 | $ 755,000 | $ 251,666 | $ 113,000 |
| Bergen, New Jersey | 3 | $ 1,125,000 | $ 375,000 | $ 95,000 |
| Richmond, New York | 3 | $ 1,435,000 | $ 478,333 | $ 104,000 |
| Placer, California | 2 | $ 570,000 | $ 285,000 | $ 115,000 |
| San Joaquin, California | 2 | $ 780,000 | $ 390,000 | $ 90,000 |
| Sonoma, California | 2 | $ 2,630,000 | $ 1,315,000 | $ 447,000 |
| Stanislaus, California | 2 | $ 550,000 | $ 275,000 | $ 79,000 |
| Suffolk, New York | 2 | $ 750,000 | $ 375,000 | $ 178,000 |
| Westchester, New York | 2 | $ 830,000 | $ 415,000 | $ 135,000 |
| Philadelphia, Pennsylvania | 2 | $ 240,000 | $ 120,000 | $ 63,000 |
| Williamson, Texas | 2 | $ 310,000 | $ 155,000 | $ 238,000 |
| Fresno, California | 1 | $ 265,000 | $ 265,000 | $ 67,000 |
| Kern, California | 1 | $ 205,000 | $ 205,000 | $ 174,000 |
| Mendocino, California | 1 | $ 515,000 | $ 515,000 | $ 37,000 |
| Monterey, California | 1 | $ 325,000 | $ 325,000 | $ 92,000 |
| Napa, California | 1 | $ 415,000 | $ 415,000 | $ 111,000 |
| Yuba, California | 1 | $ 165,000 | $ 165,000 | $ 69,000 |
| Flagler, Florida | 1 | $ 115,000 | $ 115,000 | $ 287,000 |
| Highlands, Florida | 1 | $ 85,000 | $ 85,000 | $ 189,000 |
| Lee, Florida | 1 | $ 105,000 | $ 105,000 | $ 199,000 |
| Orange, Florida | 1 | $ 575,000 | $ 575,000 | $ 120,000 |
| Osceola, Florida | 1 | $ 175,000 | $ 175,000 | $ 144,000 |
| Palm Beach, Florida | 1 | $ 85,000 | $ 85,000 | $ 67,000 |
| Polk, Florida | 1 | $ 95,000 | $ 95,000 | $ 287,000 |
| Volusia, Florida | 1 | $ 125,000 | $ 125,000 | $ 169,000 |
| Forsyth, Georgia | 1 | $ 445,000 | $ 445,000 | $ 134,000 |
| Norfolk, Massachusetts | 1 | $ 215,000 | $ 215,000 | $ 75,000 |
| Allegan, Michigan | 1 | $ 185,000 | $ 185,000 | $ 251,000 |
| Barry, Michigan | 1 | $ 235,000 | $ 235,000 | $ 80,000 |
| Genesee, Michigan | 1 | $ 135,000 | $ 135,000 | $ 117,000 |
| Lapeer, Michigan | 1 | $ 165,000 | $ 165,000 | $ 176,000 |
| Monroe, Michigan | 1 | $ 205,000 | $ 205,000 | $ 138,000 |
| Muskegon, Michigan | 1 | $ 295,000 | $ 295,000 | $ 250,000 |
| Sanilac, Michigan | 1 | $ 335,000 | $ 335,000 | $ 212,000 |
| Cass, Missouri | 1 | $ 205,000 | $ 205,000 | $ 235,000 |
| Lyon, Nevada | 1 | $ 145,000 | $ 145,000 | $ 42,000 |
| Morris, New Jersey | 1 | $ 205,000 | $ 205,000 | $ 60,000 |
| Greene, New York | 1 | $ 295,000 | $ 295,000 | $ 215,000 |
| Onondaga, New York | 1 | $ 85,000 | $ 85,000 | $ 51,000 |
| Wake, North Carolina | 1 | $ 125,000 | $ 125,000 | $ 287,000 |
| Montgomery, Ohio | 1 | $ 85,000 | $ 85,000 | $ 204,000 |
| Newport, Rhode Island | 1 | $ 485,000 | $ 485,000 | $ 132,000 |
| Dallas, Texas | 1 | $ 245,000 | $ 245,000 | $ 44,000 |
| Denton, Texas | 1 | $ 185,000 | $ 185,000 | $ 173,000 |
| Galveston, Texas | 1 | $ 85,000 | $ 85,000 | $ 89,000 |
| Gregg, Texas | 1 | $ 175,000 | $ 175,000 | $ 100,000 |
Mortgage Loan Application Detail Totals for Sterling Bank and Trust, FSB in 2020
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 | 646 | $268,460,000 | $415,000 | $3,755,000 | $192,000 | $3,609,000 |
| Home Purchase | 418 | $237,790,000 | $568,000 | $8,185,000 | $189,000 | $2,851,000 |
| Cash-out Refinancing | 167 | $126,375,000 | $756,000 | $12,505,000 | $227,000 | $3,609,000 |
| Not Applicable | 93 | $30,955,000 | $332,000 | $1,005,000 | $152,000 | $960,000 |
| Home Improvement | 24 | $7,550,000 | $314,000 | $615,000 | $160,000 | $345,000 |
| Other Purpose | 12 | $4,640,000 | $386,000 | $755,000 | $197,000 | $569,000 |
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 |
|---|---|---|---|---|---|---|
| Asian | 647 | $269,165,000 | $416,000 | $2,485,000 | $177,000 | $1,948,000 |
| White | 421 | $202,905,000 | $481,000 | $2,505,000 | $243,000 | $3,609,000 |
| Not Provided | 175 | $79,085,000 | $451,000 | $2,245,000 | $164,000 | $725,000 |
| Hispanic | 69 | $25,295,000 | $366,000 | $1,165,000 | $105,000 | $422,000 |
| Not applicable | 28 | $88,620,000 | $3,165,000 | $12,505,000 | $0 | $0 |
| Black or African American | 18 | $10,140,000 | $563,000 | $2,855,000 | $122,000 | $325,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $265,000 | $265,000 | $265,000 | $67,000 | $67,000 |
| American Indian or Alaskan Native | 1 | $295,000 | $295,000 | $295,000 | $73,000 | $73,000 |
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) | 1,345 | $671,655,000 | $499,000 | $12,505,000 | $193,000 | $3,609,000 |
| FHA-insured (Federal Housing Administration) | 10 | $2,510,000 | $251,000 | $465,000 | $48,000 | $93,000 |
| VA-guaranteed (Veterans Administration) | 5 | $1,605,000 | $321,000 | $445,000 | $48,000 | $61,000 |
| 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 | 554 | $295,710,000 | $533,000 | $12,505,000 | $197,000 | $2,851,000 |
| Loan Purchased By The Institution | 401 | $143,175,000 | $357,000 | $1,975,000 | $130,000 | $1,440,000 |
| Application Denied By Financial Institution | 130 | $60,990,000 | $469,000 | $2,505,000 | $184,000 | $1,948,000 |
| Application Approved But Not Accepted | 122 | $55,850,000 | $457,000 | $2,485,000 | $380,000 | $3,609,000 |
| Application Withdrawn By Applicant | 111 | $88,175,000 | $794,000 | $8,185,000 | $194,000 | $682,000 |
| File Closed For Incompleteness | 17 | $17,435,000 | $1,025,000 | $3,195,000 | $300,000 | $1,788,000 |
| Preapproval Approved but not Accepted | 17 | $10,455,000 | $615,000 | $1,505,000 | $163,000 | $379,000 |
| Preapproval Denied by Financial Institution | 8 | $3,980,000 | $497,000 | $905,000 | $126,000 | $344,000 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 1,222 | $610,800,000 | $499,000 | $12,505,000 | $193,000 | $3,609,000 |
| Debt-To-Income Ratio | 72 | $37,820,000 | $525,000 | $2,505,000 | $82,000 | $293,000 |
| Unverifiable Information | 20 | $6,760,000 | $338,000 | $725,000 | $206,000 | $1,948,000 |
| Collateral | 16 | $5,840,000 | $365,000 | $935,000 | $212,000 | $569,000 |
| Other | 15 | $8,655,000 | $577,000 | $1,085,000 | $623,000 | $1,675,000 |
| Credit History | 7 | $3,235,000 | $462,000 | $775,000 | $119,000 | $277,000 |
| Credit Application Incomplete | 4 | $1,610,000 | $402,000 | $515,000 | $158,000 | $241,000 |
| Employment History | 3 | $705,000 | $235,000 | $495,000 | $146,000 | $350,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $345,000 | $345,000 | $345,000 | $344,000 | $344,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Sterling Bank and Trust, FSB's 2020 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 Sterling Bank and Trust, FSB'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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