Sterling National Mortgage Co. Mortgage Lending & HMDA Data, 2010
In 2010, Sterling National Mortgage Co. of Great Neck, NY reported 1,748 mortgage applications totaling $584.8 million, down 35% from 2009. The average application was for $334,536, and applicants reported an average income of $135,421. 77% of its applications resulted in an originated loan and 6% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (509), Nassau-Suffolk, NY (479) and Edison-New Brunswick, NJ (51) (applications in parentheses).
| Mortgage Company & Address | Sterling National Mortgage Co. 98 Cuttermill Rd Great Neck, NY 11021 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 | 1,748 |
| Total Mortgage Loan Application Amount | $584,770,000 |
| Average Mortgage Loan Application Amount | $334,536 |
| Highest Mortgage Loan Application Amount | $1,645,000 |
| Average Applicant Income | $135,421 |
| Highest Applicant Income | $2,150,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Sterling National Mortgage Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 509 | $ 212,740,000 | $ 417,956 | $ 150,245 |
| Nassau-Suffolk, NY | 479 | $ 175,966,000 | $ 367,361 | $ 163,000 |
| Edison-New Brunswick, NJ | 51 | $ 15,639,000 | $ 306,647 | $ 132,000 |
| Newark-Union, NJ-PA | 42 | $ 13,059,000 | $ 310,928 | $ 129,476 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 31 | $ 10,559,000 | $ 340,612 | $ 129,548 |
| Philadelphia, PA | 30 | $ 7,382,000 | $ 246,066 | $ 100,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 30 | $ 7,516,000 | $ 250,533 | $ 91,000 |
| Bridgeport-Stamford-Norwalk, CT | 24 | $ 9,691,000 | $ 403,791 | $ 136,000 |
| Boston-Quincy, MA | 20 | $ 4,954,000 | $ 247,700 | $ 83,000 |
| Camden, NJ | 19 | $ 4,289,000 | $ 225,736 | $ 83,000 |
| Cambridge-Newton-Framingham, MA | 18 | $ 5,783,000 | $ 321,277 | $ 117,000 |
| Baltimore-Towson, MD | 13 | $ 3,221,000 | $ 247,769 | $ 90,000 |
| Atlanta-Sandy Springs-Marietta, GA | 11 | $ 2,827,000 | $ 257,000 | $ 113,000 |
| Bethesda-Rockville-Frederick, MD | 11 | $ 2,911,000 | $ 264,636 | $ 99,000 |
| Peabody, MA | 11 | $ 2,674,000 | $ 243,090 | $ 72,000 |
| Albany-Schenectady-Troy, NY | 10 | $ 2,221,000 | $ 222,100 | $ 94,000 |
| Hartford-West Hartford-East Hartford, CT | 9 | $ 2,069,000 | $ 229,888 | $ 102,000 |
| Rockingham County-Strafford County, NH | 9 | $ 2,555,000 | $ 283,888 | $ 114,000 |
| Worcester, MA | 8 | $ 2,229,000 | $ 278,625 | $ 97,000 |
| Buffalo-Niagara Falls, NY | 7 | $ 1,496,000 | $ 213,714 | $ 196,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 7 | $ 2,390,000 | $ 341,428 | $ 138,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 7 | $ 2,041,000 | $ 291,571 | $ 115,714 |
| Richmond, VA | 7 | $ 1,853,000 | $ 264,714 | $ 71,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 7 | $ 1,490,000 | $ 212,857 | $ 61,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 6 | $ 1,465,000 | $ 244,166 | $ 75,000 |
| Milwaukee-Waukesha-West Allis, WI | 6 | $ 1,389,000 | $ 231,500 | $ 69,000 |
| Norwich-New London, CT | 6 | $ 1,666,000 | $ 277,666 | $ 135,000 |
| Pittsburgh, PA | 6 | $ 1,384,000 | $ 230,666 | $ 85,000 |
| Providence-New Bedford-Fall River, RI-MA | 6 | $ 1,834,000 | $ 305,666 | $ 83,000 |
| Springfield, MA | 6 | $ 1,291,000 | $ 215,166 | $ 69,000 |
| Tampa-St. Petersburg-Clearwater, FL | 6 | $ 1,422,000 | $ 237,000 | $ 193,000 |
| Burlington-South Burlington, VT | 5 | $ 1,289,000 | $ 257,800 | $ 91,000 |
| Denver-Aurora-Broomfield, CO | 5 | $ 1,174,000 | $ 234,800 | $ 110,000 |
| Houma-Bayou Cane-Thibodaux, LA | 5 | $ 931,000 | $ 186,200 | $ 68,000 |
| Kingston, NY | 5 | $ 1,064,000 | $ 212,800 | $ 77,000 |
| Ocean City, NJ | 5 | $ 1,251,000 | $ 250,200 | $ 131,000 |
| Warren-Troy-Farmington Hills, MI | 5 | $ 1,005,000 | $ 201,000 | $ 140,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 4 | $ 905,000 | $ 226,250 | $ 97,000 |
| Cincinnati-Middletown, OH-KY-IN | 4 | $ 741,000 | $ 185,250 | $ 106,500 |
| Cleveland-Elyria-Mentor, OH | 4 | $ 860,000 | $ 215,000 | $ 103,000 |
| Glens Falls, NY | 4 | $ 899,000 | $ 224,750 | $ 86,000 |
| Las Vegas-Paradise, NV | 4 | $ 849,000 | $ 212,250 | $ 124,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 4 | $ 1,145,000 | $ 286,250 | $ 55,500 |
| Portland-South Portland-Biddeford, ME | 4 | $ 1,031,000 | $ 257,750 | $ 51,000 |
| Rochester, NY | 4 | $ 1,018,000 | $ 254,500 | $ 97,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 4 | $ 1,085,000 | $ 271,250 | $ 164,000 |
| Barnstable Town, MA | 3 | $ 964,000 | $ 321,333 | $ 96,000 |
| Baton Rouge, LA | 3 | $ 675,000 | $ 225,000 | $ 101,000 |
| Boise City-Nampa, ID | 3 | $ 597,000 | $ 199,000 | $ 51,000 |
| Charleston-North Charleston-Summerville, SC | 3 | $ 752,000 | $ 250,666 | $ 132,000 |
| Cleveland, TN | 3 | $ 789,000 | $ 263,000 | $ 68,000 |
| Greenville-Mauldin-Easley, SC | 3 | $ 757,000 | $ 252,333 | $ 79,000 |
| Lancaster, PA | 3 | $ 524,000 | $ 174,666 | $ 90,000 |
| Los Angeles-Long Beach-Glendale, CA | 3 | $ 2,373,000 | $ 791,000 | $ 567,000 |
| Manchester-Nashua, NH | 3 | $ 517,000 | $ 172,333 | $ 107,000 |
| Miami-Miami Beach-Kendall, FL | 3 | $ 884,000 | $ 294,666 | $ 186,000 |
| Oklahoma City, OK | 3 | $ 515,000 | $ 171,666 | $ 115,000 |
| Phoenix-Mesa-Glendale, AZ | 3 | $ 735,000 | $ 245,000 | $ 90,000 |
| Salem, OR | 3 | $ 590,000 | $ 196,666 | $ 72,000 |
| Scranton--Wilkes-Barre, PA | 3 | $ 619,000 | $ 206,333 | $ 90,000 |
| Seattle-Bellevue-Everett, WA | 3 | $ 887,000 | $ 295,666 | $ 80,000 |
| Trenton-Ewing, NJ | 3 | $ 703,000 | $ 234,333 | $ 98,000 |
| Wilmington, DE-MD-NJ | 3 | $ 796,000 | $ 265,333 | $ 87,666 |
| Akron, OH | 2 | $ 337,000 | $ 168,500 | $ 100,000 |
| Ames, IA | 2 | $ 418,000 | $ 209,000 | $ 81,000 |
| Ann Arbor, MI | 2 | $ 606,000 | $ 303,000 | $ 118,000 |
| Atlantic City-Hammonton, NJ | 2 | $ 441,000 | $ 220,500 | $ 84,000 |
| Chattanooga, TN-GA | 2 | $ 356,000 | $ 178,000 | $ 46,000 |
| Columbus, OH | 2 | $ 320,000 | $ 160,000 | $ 83,000 |
| Detroit-Livonia-Dearborn, MI | 2 | $ 458,000 | $ 229,000 | $ 105,000 |
| Dover, DE | 2 | $ 587,000 | $ 293,500 | $ 80,000 |
| Houston-Sugar Land-Baytown, TX | 2 | $ 659,000 | $ 329,500 | $ 199,000 |
| Jackson, MS | 2 | $ 404,000 | $ 202,000 | $ 59,000 |
| Kalamazoo-Portage, MI | 2 | $ 431,000 | $ 215,500 | $ 89,000 |
| Kansas City, MO-KS | 2 | $ 462,000 | $ 231,000 | $ 56,000 |
| Lafayette, LA | 2 | $ 396,000 | $ 198,000 | $ 121,000 |
| Little Rock-North Little Rock-Conway, AR | 2 | $ 304,000 | $ 152,000 | $ 102,000 |
| Lynchburg, VA | 2 | $ 432,000 | $ 216,000 | $ 89,000 |
| Memphis, TN-MS-AR | 2 | $ 485,000 | $ 242,500 | $ 61,000 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 2 | $ 418,000 | $ 209,000 | $ 61,000 |
| New Orleans-Metairie-Kenner, LA | 2 | $ 494,000 | $ 247,000 | $ 90,000 |
| North Port-Bradenton-Sarasota, FL | 2 | $ 434,000 | $ 217,000 | $ 93,000 |
| Orlando-Kissimmee-Sanford, FL | 2 | $ 336,000 | $ 168,000 | $ 65,000 |
| Salt Lake City, UT | 2 | $ 410,000 | $ 205,000 | $ 50,000 |
| Shreveport-Bossier City, LA | 2 | $ 444,000 | $ 222,000 | $ 120,000 |
| Tulsa, OK | 2 | $ 604,000 | $ 302,000 | $ 98,000 |
| York-Hanover, PA | 2 | $ 426,000 | $ 213,000 | $ 61,000 |
| Anderson, IN | 1 | $ 253,000 | $ 253,000 | $ 125,000 |
| Asheville, NC | 1 | $ 197,000 | $ 197,000 | $ 33,000 |
| Athens-Clarke County, GA | 1 | $ 259,000 | $ 259,000 | $ 51,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 615,000 | $ 615,000 | $ 299,000 |
| Bangor, ME | 1 | $ 247,000 | $ 247,000 | $ 60,000 |
| Canton-Massillon, OH | 1 | $ 183,000 | $ 183,000 | $ 62,000 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 1 | $ 267,000 | $ 267,000 | $ 54,000 |
| Chicago-Joliet-Naperville, IL | 1 | $ 274,000 | $ 274,000 | $ 75,000 |
| Colorado Springs, CO | 1 | $ 133,000 | $ 133,000 | $ 0 |
| Columbia, SC | 1 | $ 417,000 | $ 417,000 | $ 113,000 |
| Dayton, OH | 1 | $ 90,000 | $ 90,000 | $ 99,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 158,000 | $ 158,000 | $ 48,000 |
| Durham-Chapel Hill, NC | 1 | $ 179,000 | $ 179,000 | $ 114,000 |
| Eugene-Springfield, OR | 1 | $ 295,000 | $ 295,000 | $ 75,000 |
| Evansville, IN-KY | 1 | $ 122,000 | $ 122,000 | $ 0 |
| Flint, MI | 1 | $ 136,000 | $ 136,000 | $ 66,000 |
| Fond Du Lac, WI | 1 | $ 212,000 | $ 212,000 | $ 90,000 |
| Gainesville, GA | 1 | $ 347,000 | $ 347,000 | $ 143,000 |
| Gulfport-Biloxi, MS | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Harrisburg-Carlisle, PA | 1 | $ 183,000 | $ 183,000 | $ 81,000 |
| Harrisonburg, VA | 1 | $ 233,000 | $ 233,000 | $ 54,000 |
| Hot Springs, AR | 1 | $ 259,000 | $ 259,000 | $ 87,000 |
| Huntington-Ashland, WV-KY-OH | 1 | $ 262,000 | $ 262,000 | $ 177,000 |
| Huntsville, AL | 1 | $ 300,000 | $ 300,000 | $ 131,000 |
| Idaho Falls, ID | 1 | $ 193,000 | $ 193,000 | $ 84,000 |
| Jackson, MI | 1 | $ 142,000 | $ 142,000 | $ 130,000 |
| Jacksonville, FL | 1 | $ 238,000 | $ 238,000 | $ 63,000 |
| Jefferson City, MO | 1 | $ 168,000 | $ 168,000 | $ 35,000 |
| Johnson City, TN | 1 | $ 235,000 | $ 235,000 | $ 73,000 |
| Johnstown, PA | 1 | $ 174,000 | $ 174,000 | $ 64,000 |
| Las Cruces, NM | 1 | $ 128,000 | $ 128,000 | $ 47,000 |
| Lebanon, PA | 1 | $ 235,000 | $ 235,000 | $ 80,000 |
| Lewiston-Auburn, ME | 1 | $ 142,000 | $ 142,000 | $ 63,000 |
| Louisville-Jefferson County, KY-IN | 1 | $ 220,000 | $ 220,000 | $ 87,000 |
| Macon, GA | 1 | $ 266,000 | $ 266,000 | $ 189,000 |
| Madison, WI | 1 | $ 281,000 | $ 281,000 | $ 131,000 |
| Montgomery, AL | 1 | $ 279,000 | $ 279,000 | $ 0 |
| New Haven-Milford, CT | 1 | $ 315,000 | $ 315,000 | $ 167,000 |
| Niles-Benton Harbor, MI | 1 | $ 126,000 | $ 126,000 | $ 82,000 |
| Ocala, FL | 1 | $ 77,000 | $ 77,000 | $ 110,000 |
| Ogden-Clearfield, UT | 1 | $ 320,000 | $ 320,000 | $ 127,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 83,000 | $ 83,000 | $ 54,000 |
| Panama City-Lynn Haven-Panama City Beach, FL | 1 | $ 158,000 | $ 158,000 | $ 65,000 |
| Parkersburg-Marietta-Vienna, WV-OH | 1 | $ 235,000 | $ 235,000 | $ 155,000 |
| Port St. Lucie, FL | 1 | $ 220,000 | $ 220,000 | $ 128,000 |
| Provo-Orem, UT | 1 | $ 187,000 | $ 187,000 | $ 0 |
| Punta Gorda, FL | 1 | $ 90,000 | $ 90,000 | $ 72,000 |
| Reading, PA | 1 | $ 180,000 | $ 180,000 | $ 64,000 |
| Reno-Sparks, NV | 1 | $ 273,000 | $ 273,000 | $ 116,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 1 | $ 258,000 | $ 258,000 | $ 133,000 |
| San Diego-Carlsbad-San Marcos, CA | 1 | $ 206,000 | $ 206,000 | $ 364,000 |
| Santa Fe, NM | 1 | $ 308,000 | $ 308,000 | $ 103,000 |
| Spartanburg, SC | 1 | $ 161,000 | $ 161,000 | $ 0 |
| St. Louis, MO-IL | 1 | $ 250,000 | $ 250,000 | $ 412,000 |
| Warner Robins, GA | 1 | $ 332,000 | $ 332,000 | $ 110,000 |
| Wilmington, NC | 1 | $ 350,000 | $ 350,000 | $ 128,000 |
| Yuba City, CA | 1 | $ 214,000 | $ 214,000 | $ 90,000 |
| Yuma, AZ | 1 | $ 311,000 | $ 311,000 | $ 89,000 |
Mortgage Loan Application Detail Totals for Sterling National Mortgage Co. in 2010
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 | 1,196 | $377,331,000 | $315,000 | $1,400,000 | $131,000 | $1,669,000 |
| Home Purchase | 552 | $207,439,000 | $375,000 | $1,645,000 | $145,000 | $2,150,000 |
| 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 | 1,380 | $461,017,000 | $334,000 | $1,645,000 | $142,000 | $2,150,000 |
| Black or African American | 123 | $39,913,000 | $324,000 | $730,000 | $102,000 | $517,000 |
| Hispanic | 107 | $33,127,000 | $309,000 | $741,000 | $102,000 | $825,000 |
| Asian | 80 | $29,532,000 | $369,000 | $750,000 | $118,000 | $497,000 |
| Not Provided | 54 | $20,466,000 | $379,000 | $1,238,000 | $137,000 | $641,000 |
| American Indian or Alaskan Native | 4 | $715,000 | $178,000 | $213,000 | $65,000 | $98,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 1,030 | $342,231,000 | $332,000 | $1,645,000 | $157,000 | $2,150,000 |
| FHA-insured (Federal Housing Administration) | 718 | $242,539,000 | $337,000 | $951,000 | $105,000 | $587,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 | 1,352 | $447,439,000 | $330,000 | $1,645,000 | $135,000 | $2,150,000 |
| Application Withdrawn By Applicant | 141 | $47,633,000 | $337,000 | $1,400,000 | $166,000 | $1,669,000 |
| File Closed For Incompleteness | 120 | $42,977,000 | $358,000 | $1,400,000 | $119,000 | $897,000 |
| Application Denied By Financial Institution | 107 | $37,594,000 | $351,000 | $850,000 | $128,000 | $1,857,000 |
| Application Approved But Not Accepted | 28 | $9,127,000 | $325,000 | $936,000 | $114,000 | $260,000 |
| 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 | 38 | $12,905,000 | $339,000 | $664,000 | $74,000 | $303,000 |
| Other | 33 | $13,149,000 | $398,000 | $850,000 | $193,000 | $1,857,000 |
| Collateral | 18 | $5,313,000 | $295,000 | $713,000 | $133,000 | $364,000 |
| Credit History | 10 | $2,572,000 | $257,000 | $645,000 | $78,000 | $167,000 |
| Employment History | 3 | $1,351,000 | $450,000 | $666,000 | $89,000 | $120,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $1,104,000 | $552,000 | $730,000 | $394,000 | $665,000 |
| Unverifiable Information | 2 | $976,000 | $488,000 | $631,000 | $103,000 | $125,000 |
| Mortgage Insurance Denied | 1 | $224,000 | $224,000 | $224,000 | $103,000 | $103,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Sterling National Mortgage Co.'s 2010 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 Mortgage Co.'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 New York, download the full spreadsheet
with aggregated HMDA statistics today.
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