Sterling National Bank Mortgage Lending & HMDA Data, 2011
In 2011, Sterling National Bank of Great Neck, NY reported 715 mortgage applications totaling $225.8 million. The average application was for $315,861, and applicants reported an average income of $135,643. 78% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Nassau-Suffolk, NY (224), New York-White Plains-Wayne, NY-NJ (208) and Hartford-West Hartford-East Hartford, CT (29) (applications in parentheses).
| Mortgage Company & Address | Sterling National Bank 98 Cuttermill Road Great Neck, NY 11021 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 |
| Total Number of Mortgage Applications | 715 |
| Total Mortgage Loan Application Amount | $225,841,000 |
| Average Mortgage Loan Application Amount | $315,861 |
| Highest Mortgage Loan Application Amount | $1,448,000 |
| Average Applicant Income | $135,643 |
| Highest Applicant Income | $1,554,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Sterling National Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Nassau-Suffolk, NY | 224 | $ 77,668,000 | $ 346,732 | $ 160,000 |
| New York-White Plains-Wayne, NY-NJ | 208 | $ 79,169,000 | $ 380,620 | $ 142,519 |
| Hartford-West Hartford-East Hartford, CT | 29 | $ 6,249,000 | $ 215,482 | $ 102,000 |
| Newark-Union, NJ-PA | 15 | $ 4,791,000 | $ 319,400 | $ 146,666 |
| Edison-New Brunswick, NJ | 14 | $ 5,467,000 | $ 390,500 | $ 209,000 |
| New Haven-Milford, CT | 14 | $ 2,669,000 | $ 190,642 | $ 90,000 |
| Philadelphia, PA | 10 | $ 2,063,000 | $ 206,300 | $ 93,000 |
| Bridgeport-Stamford-Norwalk, CT | 9 | $ 2,092,000 | $ 232,444 | $ 122,000 |
| Denver-Aurora-Broomfield, CO | 8 | $ 2,120,000 | $ 265,000 | $ 150,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 8 | $ 1,884,000 | $ 235,500 | $ 102,000 |
| Norwich-New London, CT | 7 | $ 1,169,000 | $ 167,000 | $ 62,000 |
| Bethesda-Rockville-Frederick, MD | 6 | $ 1,979,000 | $ 329,833 | $ 108,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 6 | $ 1,450,000 | $ 241,666 | $ 102,000 |
| Baltimore-Towson, MD | 5 | $ 1,346,000 | $ 269,200 | $ 65,000 |
| Cambridge-Newton-Framingham, MA | 5 | $ 1,708,000 | $ 341,600 | $ 124,000 |
| Providence-New Bedford-Fall River, RI-MA | 5 | $ 1,056,000 | $ 211,200 | $ 98,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 5 | $ 2,428,000 | $ 485,600 | $ 126,400 |
| Worcester, MA | 5 | $ 970,000 | $ 194,000 | $ 79,000 |
| Camden, NJ | 4 | $ 804,000 | $ 201,000 | $ 114,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 4 | $ 818,000 | $ 204,500 | $ 156,000 |
| Salt Lake City, UT | 4 | $ 1,067,000 | $ 266,750 | $ 88,000 |
| Albany-Schenectady-Troy, NY | 3 | $ 589,000 | $ 196,333 | $ 91,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 3 | $ 660,000 | $ 220,000 | $ 96,666 |
| Atlanta-Sandy Springs-Marietta, GA | 3 | $ 713,000 | $ 237,666 | $ 131,000 |
| Peabody, MA | 3 | $ 949,000 | $ 316,333 | $ 109,000 |
| Springfield, MA | 3 | $ 476,000 | $ 158,666 | $ 63,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 3 | $ 614,000 | $ 204,666 | $ 82,000 |
| Boston-Quincy, MA | 2 | $ 418,000 | $ 209,000 | $ 132,000 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 2 | $ 507,000 | $ 253,500 | $ 218,000 |
| Corvallis, OR | 2 | $ 304,000 | $ 152,000 | $ 62,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 660,000 | $ 330,000 | $ 128,000 |
| Greensboro-High Point, NC | 2 | $ 400,000 | $ 200,000 | $ 68,000 |
| Jacksonville, FL | 2 | $ 563,000 | $ 281,500 | $ 95,000 |
| Kingston, NY | 2 | $ 311,000 | $ 155,500 | $ 78,000 |
| Las Vegas-Paradise, NV | 2 | $ 397,000 | $ 198,500 | $ 81,000 |
| Manchester-Nashua, NH | 2 | $ 306,000 | $ 153,000 | $ 45,000 |
| Ocean City, NJ | 2 | $ 384,000 | $ 192,000 | $ 42,000 |
| Pittsburgh, PA | 2 | $ 424,000 | $ 212,000 | $ 121,000 |
| Tampa-St. Petersburg-Clearwater, FL | 2 | $ 314,000 | $ 157,000 | $ 168,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 2 | $ 586,000 | $ 293,000 | $ 145,000 |
| Wilmington, DE-MD-NJ | 2 | $ 361,000 | $ 180,500 | $ 81,000 |
| Albuquerque, NM | 1 | $ 158,000 | $ 158,000 | $ 43,000 |
| Athens-Clarke County, GA | 1 | $ 104,000 | $ 104,000 | $ 85,000 |
| Barnstable Town, MA | 1 | $ 275,000 | $ 275,000 | $ 75,000 |
| Baton Rouge, LA | 1 | $ 307,000 | $ 307,000 | $ 75,000 |
| Brunswick, GA | 1 | $ 315,000 | $ 315,000 | $ 80,000 |
| Buffalo-Niagara Falls, NY | 1 | $ 200,000 | $ 200,000 | $ 134,000 |
| Chattanooga, TN-GA | 1 | $ 290,000 | $ 290,000 | $ 76,000 |
| Colorado Springs, CO | 1 | $ 136,000 | $ 136,000 | $ 18,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 154,000 | $ 154,000 | $ 142,000 |
| Greenville-Mauldin-Easley, SC | 1 | $ 176,000 | $ 176,000 | $ 148,000 |
| Gulfport-Biloxi, MS | 1 | $ 93,000 | $ 93,000 | $ 98,000 |
| Knoxville, TN | 1 | $ 219,000 | $ 219,000 | $ 104,000 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 680,000 | $ 680,000 | $ 200,000 |
| Madison, WI | 1 | $ 228,000 | $ 228,000 | $ 114,000 |
| Memphis, TN-MS-AR | 1 | $ 214,000 | $ 214,000 | $ 59,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 409,000 | $ 409,000 | $ 180,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 887,000 | $ 887,000 | $ 264,000 |
| North Port-Bradenton-Sarasota, FL | 1 | $ 417,000 | $ 417,000 | $ 154,000 |
| Ocala, FL | 1 | $ 95,000 | $ 95,000 | $ 53,000 |
| Omaha-Council Bluffs, NE-IA | 1 | $ 240,000 | $ 240,000 | $ 60,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 188,000 | $ 188,000 | $ 93,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 93,000 | $ 93,000 | $ 73,000 |
| Phoenix-Mesa-Glendale, AZ | 1 | $ 152,000 | $ 152,000 | $ 106,000 |
| Pittsfield, MA | 1 | $ 275,000 | $ 275,000 | $ 199,000 |
| Portland-South Portland-Biddeford, ME | 1 | $ 182,000 | $ 182,000 | $ 113,000 |
| Pueblo, CO | 1 | $ 135,000 | $ 135,000 | $ 103,000 |
| Punta Gorda, FL | 1 | $ 132,000 | $ 132,000 | $ 37,000 |
| Reading, PA | 1 | $ 198,000 | $ 198,000 | $ 32,000 |
| Richmond, VA | 1 | $ 410,000 | $ 410,000 | $ 260,000 |
| Rochester, NY | 1 | $ 193,000 | $ 193,000 | $ 146,000 |
| Rockingham County-Strafford County, NH | 1 | $ 96,000 | $ 96,000 | $ 121,000 |
| Santa Ana-Anaheim-Irvine, CA | 1 | $ 408,000 | $ 408,000 | $ 107,000 |
| Savannah, GA | 1 | $ 177,000 | $ 177,000 | $ 180,000 |
| Seattle-Bellevue-Everett, WA | 1 | $ 433,000 | $ 433,000 | $ 84,000 |
| Sheboygan, WI | 1 | $ 101,000 | $ 101,000 | $ 45,000 |
| Springfield, OH | 1 | $ 158,000 | $ 158,000 | $ 38,000 |
| Tucson, AZ | 1 | $ 250,000 | $ 250,000 | $ 87,000 |
| Tulsa, OK | 1 | $ 136,000 | $ 136,000 | $ 54,000 |
| York-Hanover, PA | 1 | $ 257,000 | $ 257,000 | $ 102,000 |
Mortgage Loan Application Detail Totals for Sterling National Bank in 2011
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 | 460 | $141,835,000 | $308,000 | $1,448,000 | $136,000 | $1,554,000 |
| Home Purchase | 255 | $84,006,000 | $329,000 | $887,000 | $135,000 | $1,002,000 |
| 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 | 558 | $177,750,000 | $318,000 | $1,448,000 | $143,000 | $1,554,000 |
| Hispanic | 53 | $12,997,000 | $245,000 | $494,000 | $95,000 | $272,000 |
| Black or African American | 46 | $13,761,000 | $299,000 | $678,000 | $95,000 | $237,000 |
| Asian | 41 | $14,184,000 | $345,000 | $728,000 | $125,000 | $369,000 |
| Not Provided | 15 | $6,273,000 | $418,000 | $730,000 | $167,000 | $276,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $876,000 | $438,000 | $512,000 | $163,000 | $241,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 496 | $154,027,000 | $310,000 | $1,448,000 | $146,000 | $1,554,000 |
| FHA-insured (Federal Housing Administration) | 218 | $71,672,000 | $328,000 | $754,000 | $111,000 | $510,000 |
| VA-guaranteed (Veterans Administration) | 1 | $142,000 | $142,000 | $142,000 | $48,000 | $48,000 |
| 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 | 556 | $176,211,000 | $316,000 | $800,000 | $140,000 | $1,554,000 |
| Application Withdrawn By Applicant | 77 | $25,047,000 | $325,000 | $887,000 | $113,000 | $275,000 |
| Application Denied By Financial Institution | 42 | $12,849,000 | $305,000 | $1,448,000 | $103,000 | $510,000 |
| File Closed For Incompleteness | 30 | $8,809,000 | $293,000 | $608,000 | $153,000 | $581,000 |
| Application Approved But Not Accepted | 9 | $2,656,000 | $295,000 | $437,000 | $124,000 | $269,000 |
| Preapproval Approved but not Accepted | 1 | $269,000 | $269,000 | $269,000 | $205,000 | $205,000 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 | 12 | $3,240,000 | $270,000 | $690,000 | $103,000 | $261,000 |
| Credit History | 8 | $1,749,000 | $218,000 | $300,000 | $78,000 | $116,000 |
| Employment History | 7 | $1,967,000 | $281,000 | $451,000 | $150,000 | $510,000 |
| Debt-To-Income Ratio | 6 | $3,008,000 | $501,000 | $1,448,000 | $95,000 | $214,000 |
| Other | 5 | $1,428,000 | $285,000 | $475,000 | $88,000 | $107,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $907,000 | $302,000 | $322,000 | $108,000 | $172,000 |
| Unverifiable Information | 1 | $550,000 | $550,000 | $550,000 | $85,000 | $85,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Sterling National Bank's 2011 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 National 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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