Sterling National Bank Mortgage Lending & HMDA Data, 2013
In 2013, Sterling National Bank of Great Neck, NY reported 1,805 mortgage applications totaling $619.5 million. The average application was for $343,207, and applicants reported an average income of $154,560. 74% of its applications resulted in an originated loan and 5% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (984), Nassau-Suffolk, NY (373) and Hartford-West Hartford-East Hartford, CT (47) (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 | 2013 |
| Total Number of Mortgage Applications | 1,805 |
| Total Mortgage Loan Application Amount | $619,489,000 |
| Average Mortgage Loan Application Amount | $343,207 |
| Highest Mortgage Loan Application Amount | $2,210,000 |
| Average Applicant Income | $154,560 |
| Highest Applicant Income | $4,329,000 |
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(HMDA) records Sterling National Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| New York-White Plains-Wayne, NY-NJ | 984 | $ 376,733,000 | $ 382,858 | $ 157,416 |
| Nassau-Suffolk, NY | 373 | $ 126,921,000 | $ 340,270 | $ 164,000 |
| Hartford-West Hartford-East Hartford, CT | 47 | $ 8,362,000 | $ 177,914 | $ 85,000 |
| New Haven-Milford, CT | 35 | $ 5,611,000 | $ 160,314 | $ 65,000 |
| Edison-New Brunswick, NJ | 34 | $ 11,024,000 | $ 324,235 | $ 158,000 |
| Bridgeport-Stamford-Norwalk, CT | 29 | $ 10,051,000 | $ 346,586 | $ 139,000 |
| Newark-Union, NJ-PA | 18 | $ 5,546,000 | $ 308,111 | $ 181,888 |
| Atlanta-Sandy Springs-Marietta, GA | 15 | $ 4,285,000 | $ 285,666 | $ 196,000 |
| Tampa-St. Petersburg-Clearwater, FL | 14 | $ 3,309,000 | $ 236,357 | $ 138,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 13 | $ 2,975,000 | $ 228,846 | $ 137,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 11 | $ 4,085,000 | $ 371,363 | $ 133,636 |
| Miami-Miami Beach-Kendall, FL | 9 | $ 2,309,000 | $ 256,555 | $ 235,000 |
| Cambridge-Newton-Framingham, MA | 8 | $ 2,663,000 | $ 332,875 | $ 101,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 8 | $ 2,616,000 | $ 327,000 | $ 276,000 |
| Albany-Schenectady-Troy, NY | 6 | $ 1,504,000 | $ 250,666 | $ 131,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 6 | $ 2,731,000 | $ 455,166 | $ 225,000 |
| Peabody, MA | 6 | $ 1,972,000 | $ 328,666 | $ 137,000 |
| Philadelphia, PA | 6 | $ 2,333,000 | $ 388,833 | $ 175,000 |
| Denver-Aurora-Broomfield, CO | 5 | $ 977,000 | $ 195,400 | $ 69,000 |
| Norwich-New London, CT | 5 | $ 1,007,000 | $ 201,400 | $ 69,000 |
| Boston-Quincy, MA | 4 | $ 1,238,000 | $ 309,500 | $ 182,000 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 4 | $ 2,022,000 | $ 505,500 | $ 161,500 |
| New Orleans-Metairie-Kenner, LA | 4 | $ 737,000 | $ 184,250 | $ 138,000 |
| Pittsfield, MA | 4 | $ 1,344,000 | $ 336,000 | $ 243,000 |
| Raleigh-Cary, NC | 4 | $ 968,000 | $ 242,000 | $ 89,000 |
| Seattle-Bellevue-Everett, WA | 4 | $ 1,120,000 | $ 280,000 | $ 147,000 |
| Baltimore-Towson, MD | 3 | $ 1,017,000 | $ 339,000 | $ 231,000 |
| Barnstable Town, MA | 3 | $ 725,000 | $ 241,666 | $ 63,000 |
| Baton Rouge, LA | 3 | $ 671,000 | $ 223,666 | $ 147,000 |
| Bethesda-Rockville-Frederick, MD | 3 | $ 1,202,000 | $ 400,666 | $ 186,000 |
| Cape Coral-Fort Myers, FL | 3 | $ 634,000 | $ 211,333 | $ 163,000 |
| Chicago-Joliet-Naperville, IL | 3 | $ 389,000 | $ 129,666 | $ 120,000 |
| Crestview-Fort Walton Beach-Destin, FL | 3 | $ 570,000 | $ 190,000 | $ 71,000 |
| Jackson, MS | 3 | $ 415,000 | $ 138,333 | $ 58,000 |
| Jacksonville, FL | 3 | $ 792,000 | $ 264,000 | $ 169,000 |
| Kingston, NY | 3 | $ 769,000 | $ 256,333 | $ 164,000 |
| Naples-Marco Island, FL | 3 | $ 695,000 | $ 231,666 | $ 76,000 |
| Athens-Clarke County, GA | 2 | $ 348,000 | $ 174,000 | $ 103,000 |
| Birmingham-Hoover, AL | 2 | $ 584,000 | $ 292,000 | $ 94,000 |
| Boulder, CO | 2 | $ 668,000 | $ 334,000 | $ 70,000 |
| Las Vegas-Paradise, NV | 2 | $ 318,000 | $ 159,000 | $ 176,000 |
| Manchester-Nashua, NH | 2 | $ 355,000 | $ 177,500 | $ 69,000 |
| Medford, OR | 2 | $ 267,000 | $ 133,500 | $ 60,000 |
| Memphis, TN-MS-AR | 2 | $ 255,000 | $ 127,500 | $ 69,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 2 | $ 373,000 | $ 186,500 | $ 117,000 |
| Orlando-Kissimmee-Sanford, FL | 2 | $ 268,000 | $ 134,000 | $ 56,000 |
| Phoenix-Mesa-Glendale, AZ | 2 | $ 482,000 | $ 241,000 | $ 54,000 |
| Pittsburgh, PA | 2 | $ 457,000 | $ 228,500 | $ 125,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 2 | $ 422,000 | $ 211,000 | $ 82,000 |
| Providence-New Bedford-Fall River, RI-MA | 2 | $ 667,000 | $ 333,500 | $ 98,000 |
| Pueblo, CO | 2 | $ 242,000 | $ 121,000 | $ 31,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 2 | $ 652,000 | $ 326,000 | $ 84,000 |
| Syracuse, NY | 2 | $ 378,000 | $ 189,000 | $ 124,000 |
| Tacoma, WA | 2 | $ 594,000 | $ 297,000 | $ 95,000 |
| Tallahassee, FL | 2 | $ 415,000 | $ 207,500 | $ 55,000 |
| Trenton-Ewing, NJ | 2 | $ 513,000 | $ 256,500 | $ 186,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 1 | $ 350,000 | $ 350,000 | $ 82,000 |
| Appleton, WI | 1 | $ 139,000 | $ 139,000 | $ 101,000 |
| Blacksburg-Christiansburg-Radford, VA | 1 | $ 405,000 | $ 405,000 | $ 115,000 |
| Boise City-Nampa, ID | 1 | $ 300,000 | $ 300,000 | $ 448,000 |
| Buffalo-Niagara Falls, NY | 1 | $ 265,000 | $ 265,000 | $ 196,000 |
| Charleston-North Charleston-Summerville, SC | 1 | $ 327,000 | $ 327,000 | $ 121,000 |
| Colorado Springs, CO | 1 | $ 172,000 | $ 172,000 | $ 115,000 |
| Columbia, SC | 1 | $ 204,000 | $ 204,000 | $ 29,000 |
| Columbus, GA-AL | 1 | $ 35,000 | $ 35,000 | $ 195,000 |
| Fort Collins-Loveland, CO | 1 | $ 175,000 | $ 175,000 | $ 59,000 |
| Greensboro-High Point, NC | 1 | $ 117,000 | $ 117,000 | $ 73,000 |
| Houma-Bayou Cane-Thibodaux, LA | 1 | $ 260,000 | $ 260,000 | $ 88,000 |
| Kansas City, MO-KS | 1 | $ 146,000 | $ 146,000 | $ 65,000 |
| Lincoln, NE | 1 | $ 359,000 | $ 359,000 | $ 436,000 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 600,000 | $ 600,000 | $ 114,000 |
| Macon, GA | 1 | $ 183,000 | $ 183,000 | $ 162,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 255,000 | $ 255,000 | $ 1,431,000 |
| North Port-Bradenton-Sarasota, FL | 1 | $ 332,000 | $ 332,000 | $ 177,000 |
| Ocala, FL | 1 | $ 294,000 | $ 294,000 | $ 91,000 |
| Ocean City, NJ | 1 | $ 401,000 | $ 401,000 | $ 426,000 |
| Ogden-Clearfield, UT | 1 | $ 160,000 | $ 160,000 | $ 248,000 |
| Panama City-Lynn Haven-Panama City Beach, FL | 1 | $ 118,000 | $ 118,000 | $ 214,000 |
| Port St. Lucie, FL | 1 | $ 110,000 | $ 110,000 | $ 117,000 |
| Punta Gorda, FL | 1 | $ 167,000 | $ 167,000 | $ 81,000 |
| Roanoke, VA | 1 | $ 181,000 | $ 181,000 | $ 50,000 |
| Rockingham County-Strafford County, NH | 1 | $ 282,000 | $ 282,000 | $ 107,000 |
| San Diego-Carlsbad-San Marcos, CA | 1 | $ 546,000 | $ 546,000 | $ 93,000 |
| Santa Fe, NM | 1 | $ 417,000 | $ 417,000 | $ 373,000 |
| Savannah, GA | 1 | $ 102,000 | $ 102,000 | $ 90,000 |
| Sebastian-Vero Beach, FL | 1 | $ 151,000 | $ 151,000 | $ 101,000 |
| Spokane, WA | 1 | $ 177,000 | $ 177,000 | $ 136,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 285,000 | $ 285,000 | $ 66,000 |
| Warner Robins, GA | 1 | $ 366,000 | $ 366,000 | $ 73,000 |
| Wilmington, DE-MD-NJ | 1 | $ 120,000 | $ 120,000 | $ 120,000 |
| Worcester, MA | 1 | $ 326,000 | $ 326,000 | $ 114,000 |
| York-Hanover, PA | 1 | $ 155,000 | $ 155,000 | $ 99,000 |
Mortgage Loan Application Detail Totals for Sterling National Bank in 2013
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 983 | $352,147,000 | $358,000 | $2,210,000 | $155,000 | $4,329,000 |
| Refinancing | 667 | $217,828,000 | $326,000 | $1,641,000 | $148,000 | $847,000 |
| Home Improvement | 155 | $49,514,000 | $319,000 | $1,500,000 | $180,000 | $1,672,000 |
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 | 1,370 | $479,244,000 | $349,000 | $2,210,000 | $163,000 | $4,329,000 |
| Asian | 160 | $54,534,000 | $340,000 | $1,466,000 | $148,000 | $838,000 |
| Hispanic | 136 | $39,286,000 | $288,000 | $1,100,000 | $103,000 | $370,000 |
| Black or African American | 88 | $25,834,000 | $293,000 | $951,000 | $110,000 | $716,000 |
| Not Provided | 47 | $19,151,000 | $407,000 | $1,641,000 | $155,000 | $470,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $1,152,000 | $384,000 | $505,000 | $232,000 | $375,000 |
| American Indian or Alaskan Native | 1 | $288,000 | $288,000 | $288,000 | $76,000 | $76,000 |
| 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) | 1,585 | $545,030,000 | $343,000 | $2,210,000 | $159,000 | $2,300,000 |
| FHA-insured (Federal Housing Administration) | 219 | $74,273,000 | $339,000 | $1,100,000 | $126,000 | $4,329,000 |
| VA-guaranteed (Veterans Administration) | 1 | $186,000 | $186,000 | $186,000 | $77,000 | $77,000 |
| 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 | 1,339 | $447,923,000 | $334,000 | $2,210,000 | $150,000 | $1,736,000 |
| Application Withdrawn By Applicant | 253 | $97,545,000 | $385,000 | $1,500,000 | $161,000 | $2,300,000 |
| File Closed For Incompleteness | 103 | $38,088,000 | $369,000 | $1,466,000 | $191,000 | $4,329,000 |
| Application Denied By Financial Institution | 94 | $28,929,000 | $307,000 | $1,150,000 | $127,000 | $898,000 |
| Application Approved But Not Accepted | 16 | $7,004,000 | $437,000 | $1,251,000 | $331,000 | $1,627,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 31 | $10,650,000 | $343,000 | $1,150,000 | $94,000 | $429,000 |
| Collateral | 25 | $6,597,000 | $263,000 | $520,000 | $136,000 | $707,000 |
| Credit History | 13 | $4,591,000 | $353,000 | $1,100,000 | $228,000 | $898,000 |
| Other | 10 | $2,270,000 | $227,000 | $623,000 | $110,000 | $283,000 |
| Employment History | 6 | $2,301,000 | $383,000 | $714,000 | $105,000 | $288,000 |
| Unverifiable Information | 5 | $1,079,000 | $215,000 | $412,000 | $83,000 | $167,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $1,295,000 | $431,000 | $575,000 | $155,000 | $231,000 |
| Credit Application Incomplete | 1 | $146,000 | $146,000 | $146,000 | $40,000 | $40,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Sterling National Bank's 2013 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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