Sterling Natl Mtge Co., Inc Mortgage Lending & HMDA Data, 2011
In 2011, Sterling Natl Mtge Co., Inc of Great Neck, NY reported 787 mortgage applications totaling $260.4 million. The average application was for $330,814, and applicants reported an average income of $155,777. 72% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Nassau-Suffolk, NY (235), New York-White Plains-Wayne, NY-NJ (233) and Hartford-West Hartford-East Hartford, CT (31) (applications in parentheses).
| Mortgage Company & Address | Sterling Natl Mtge Co., Inc 98 Cuttermill Rd Great Neck, NY 11021 |
| Federal Regulator | * available with data download |
| Years | 2011 |
| Total Number of Mortgage Applications | 787 |
| Total Mortgage Loan Application Amount | $260,351,000 |
| Average Mortgage Loan Application Amount | $330,814 |
| Highest Mortgage Loan Application Amount | $2,600,000 |
| Average Applicant Income | $155,777 |
| Highest Applicant Income | $5,668,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Sterling Natl Mtge Co., Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 235 | $ 91,039,000 | $ 387,400 | $ 208,000 |
| New York-White Plains-Wayne, NY-NJ | 233 | $ 90,137,000 | $ 386,854 | $ 156,759 |
| Hartford-West Hartford-East Hartford, CT | 31 | $ 6,079,000 | $ 196,096 | $ 81,000 |
| Edison-New Brunswick, NJ | 22 | $ 6,347,000 | $ 288,500 | $ 125,000 |
| Newark-Union, NJ-PA | 17 | $ 5,740,000 | $ 337,647 | $ 116,588 |
| Poughkeepsie-Newburgh-Middletown, NY | 14 | $ 3,751,000 | $ 267,928 | $ 99,000 |
| Bridgeport-Stamford-Norwalk, CT | 11 | $ 4,586,000 | $ 416,909 | $ 301,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 11 | $ 3,086,000 | $ 280,545 | $ 92,727 |
| New Haven-Milford, CT | 10 | $ 2,421,000 | $ 242,100 | $ 83,000 |
| Cambridge-Newton-Framingham, MA | 9 | $ 2,485,000 | $ 276,111 | $ 104,000 |
| Philadelphia, PA | 7 | $ 1,515,000 | $ 216,428 | $ 174,000 |
| Richmond, VA | 7 | $ 1,819,000 | $ 259,857 | $ 113,000 |
| Atlanta-Sandy Springs-Marietta, GA | 6 | $ 1,463,000 | $ 243,833 | $ 169,000 |
| Kingston, NY | 6 | $ 1,300,000 | $ 216,666 | $ 121,000 |
| New Orleans-Metairie-Kenner, LA | 6 | $ 1,057,000 | $ 176,166 | $ 77,000 |
| Boston-Quincy, MA | 5 | $ 1,067,000 | $ 213,400 | $ 83,000 |
| Las Vegas-Paradise, NV | 5 | $ 973,000 | $ 194,600 | $ 75,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 5 | $ 1,230,000 | $ 246,000 | $ 69,000 |
| Chicago-Joliet-Naperville, IL | 4 | $ 935,000 | $ 233,750 | $ 67,000 |
| Worcester, MA | 4 | $ 961,000 | $ 240,250 | $ 76,000 |
| Baltimore-Towson, MD | 3 | $ 761,000 | $ 253,666 | $ 132,000 |
| Camden, NJ | 3 | $ 613,000 | $ 204,333 | $ 95,000 |
| Eugene-Springfield, OR | 3 | $ 1,030,000 | $ 343,333 | $ 139,000 |
| Greenville-Mauldin-Easley, SC | 3 | $ 993,000 | $ 331,000 | $ 108,000 |
| Orlando-Kissimmee-Sanford, FL | 3 | $ 506,000 | $ 168,666 | $ 115,000 |
| Peabody, MA | 3 | $ 536,000 | $ 178,666 | $ 21,000 |
| Albany-Schenectady-Troy, NY | 2 | $ 439,000 | $ 219,500 | $ 111,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 2 | $ 500,000 | $ 250,000 | $ 86,000 |
| Bethesda-Rockville-Frederick, MD | 2 | $ 579,000 | $ 289,500 | $ 125,000 |
| Boise City-Nampa, ID | 2 | $ 480,000 | $ 240,000 | $ 154,000 |
| Denver-Aurora-Broomfield, CO | 2 | $ 969,000 | $ 484,500 | $ 161,000 |
| Detroit-Livonia-Dearborn, MI | 2 | $ 451,000 | $ 225,500 | $ 140,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 556,000 | $ 278,000 | $ 71,000 |
| Jacksonville, FL | 2 | $ 380,000 | $ 190,000 | $ 80,000 |
| Pensacola-Ferry Pass-Brent, FL | 2 | $ 410,000 | $ 205,000 | $ 71,000 |
| Pittsfield, MA | 2 | $ 478,000 | $ 239,000 | $ 162,000 |
| Portland-South Portland-Biddeford, ME | 2 | $ 384,000 | $ 192,000 | $ 92,000 |
| Providence-New Bedford-Fall River, RI-MA | 2 | $ 574,000 | $ 287,000 | $ 134,000 |
| Rochester, NY | 2 | $ 352,000 | $ 176,000 | $ 71,000 |
| Springfield, MA | 2 | $ 381,000 | $ 190,500 | $ 63,000 |
| Tallahassee, FL | 2 | $ 280,000 | $ 140,000 | $ 95,000 |
| Tampa-St. Petersburg-Clearwater, FL | 2 | $ 356,000 | $ 178,000 | $ 86,000 |
| Altoona, PA | 1 | $ 150,000 | $ 150,000 | $ 53,000 |
| Ann Arbor, MI | 1 | $ 312,000 | $ 312,000 | $ 156,000 |
| Atlantic City-Hammonton, NJ | 1 | $ 209,000 | $ 209,000 | $ 105,000 |
| Auburn-Opelika, AL | 1 | $ 130,000 | $ 130,000 | $ 175,000 |
| Baton Rouge, LA | 1 | $ 159,000 | $ 159,000 | $ 44,000 |
| Bay City, MI | 1 | $ 269,000 | $ 269,000 | $ 137,000 |
| Brunswick, GA | 1 | $ 271,000 | $ 271,000 | $ 125,000 |
| Buffalo-Niagara Falls, NY | 1 | $ 269,000 | $ 269,000 | $ 185,000 |
| Burlington-South Burlington, VT | 1 | $ 225,000 | $ 225,000 | $ 59,000 |
| Charleston-North Charleston-Summerville, SC | 1 | $ 220,000 | $ 220,000 | $ 280,000 |
| Chattanooga, TN-GA | 1 | $ 173,000 | $ 173,000 | $ 64,000 |
| Cincinnati-Middletown, OH-KY-IN | 1 | $ 417,000 | $ 417,000 | $ 158,000 |
| Cleveland-Elyria-Mentor, OH | 1 | $ 195,000 | $ 195,000 | $ 72,000 |
| Columbia, SC | 1 | $ 126,000 | $ 126,000 | $ 121,000 |
| Columbus, OH | 1 | $ 209,000 | $ 209,000 | $ 282,000 |
| Glens Falls, NY | 1 | $ 186,000 | $ 186,000 | $ 62,000 |
| Greensboro-High Point, NC | 1 | $ 167,000 | $ 167,000 | $ 77,000 |
| Harrisburg-Carlisle, PA | 1 | $ 271,000 | $ 271,000 | $ 94,000 |
| Holland-Grand Haven, MI | 1 | $ 175,000 | $ 175,000 | $ 171,000 |
| Huntington-Ashland, WV-KY-OH | 1 | $ 184,000 | $ 184,000 | $ 85,000 |
| Iowa City, IA | 1 | $ 174,000 | $ 174,000 | $ 207,000 |
| Kansas City, MO-KS | 1 | $ 148,000 | $ 148,000 | $ 100,000 |
| Lebanon, PA | 1 | $ 155,000 | $ 155,000 | $ 76,000 |
| Lexington-Fayette, KY | 1 | $ 190,000 | $ 190,000 | $ 127,000 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 640,000 | $ 640,000 | $ 853,000 |
| Macon, GA | 1 | $ 114,000 | $ 114,000 | $ 71,000 |
| Madison, WI | 1 | $ 506,000 | $ 506,000 | $ 244,000 |
| Manchester-Nashua, NH | 1 | $ 174,000 | $ 174,000 | $ 54,000 |
| Memphis, TN-MS-AR | 1 | $ 236,000 | $ 236,000 | $ 0 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 249,000 | $ 249,000 | $ 113,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 344,000 | $ 344,000 | $ 180,000 |
| Monroe, MI | 1 | $ 183,000 | $ 183,000 | $ 90,000 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 1 | $ 62,000 | $ 62,000 | $ 32,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 395,000 | $ 395,000 | $ 142,000 |
| Ocala, FL | 1 | $ 209,000 | $ 209,000 | $ 53,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 218,000 | $ 218,000 | $ 254,000 |
| Pittsburgh, PA | 1 | $ 172,000 | $ 172,000 | $ 72,000 |
| Raleigh-Cary, NC | 1 | $ 70,000 | $ 70,000 | $ 67,000 |
| Reno-Sparks, NV | 1 | $ 412,000 | $ 412,000 | $ 217,000 |
| Roanoke, VA | 1 | $ 200,000 | $ 200,000 | $ 46,000 |
| Rockingham County-Strafford County, NH | 1 | $ 144,000 | $ 144,000 | $ 79,000 |
| Salem, OR | 1 | $ 267,000 | $ 267,000 | $ 80,000 |
| Salisbury, MD | 1 | $ 167,000 | $ 167,000 | $ 58,000 |
| Salt Lake City, UT | 1 | $ 278,000 | $ 278,000 | $ 96,000 |
| San Francisco-San Mateo-Redwood City, CA | 1 | $ 388,000 | $ 388,000 | $ 189,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 211,000 | $ 211,000 | $ 142,000 |
| Seattle-Bellevue-Everett, WA | 1 | $ 208,000 | $ 208,000 | $ 115,000 |
| Sebastian-Vero Beach, FL | 1 | $ 1,008,000 | $ 1,008,000 | $ 252,000 |
| Tacoma, WA | 1 | $ 283,000 | $ 283,000 | $ 124,000 |
| Tucson, AZ | 1 | $ 300,000 | $ 300,000 | $ 87,000 |
| Tyler, TX | 1 | $ 200,000 | $ 200,000 | $ 98,000 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 282,000 | $ 282,000 | $ 121,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 1 | $ 171,000 | $ 171,000 | $ 80,000 |
| Wilmington, DE-MD-NJ | 1 | $ 174,000 | $ 174,000 | $ 70,000 |
Mortgage Loan Application Detail Totals for Sterling Natl Mtge Co., Inc 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 | 481 | $152,189,000 | $316,000 | $2,600,000 | $155,000 | $3,547,000 |
| Home Purchase | 306 | $108,162,000 | $353,000 | $2,097,000 | $157,000 | $5,668,000 |
| 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 | 589 | $199,073,000 | $337,000 | $2,600,000 | $162,000 | $3,547,000 |
| Hispanic | 70 | $18,337,000 | $261,000 | $559,000 | $89,000 | $188,000 |
| Black or African American | 56 | $16,804,000 | $300,000 | $1,400,000 | $99,000 | $880,000 |
| Asian | 42 | $15,666,000 | $373,000 | $1,000,000 | $272,000 | $5,668,000 |
| Not Provided | 27 | $9,252,000 | $342,000 | $620,000 | $130,000 | $388,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $1,219,000 | $406,000 | $520,000 | $136,000 | $144,000 |
| 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 | $165,810,000 | $334,000 | $2,600,000 | $188,000 | $5,668,000 |
| FHA-insured (Federal Housing Administration) | 291 | $94,541,000 | $324,000 | $944,000 | $102,000 | $566,000 |
| 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 | 565 | $183,496,000 | $324,000 | $2,600,000 | $156,000 | $5,668,000 |
| Application Withdrawn By Applicant | 60 | $23,780,000 | $396,000 | $1,730,000 | $247,000 | $3,547,000 |
| File Closed For Incompleteness | 59 | $19,836,000 | $336,000 | $1,400,000 | $135,000 | $1,353,000 |
| Application Denied By Financial Institution | 53 | $17,653,000 | $333,000 | $1,008,000 | $106,000 | $388,000 |
| Application Approved But Not Accepted | 50 | $15,586,000 | $311,000 | $729,000 | $123,000 | $255,000 |
| 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 | 19 | $6,479,000 | $341,000 | $729,000 | $89,000 | $381,000 |
| Other | 10 | $3,629,000 | $362,000 | $692,000 | $139,000 | $388,000 |
| Collateral | 9 | $3,522,000 | $391,000 | $1,008,000 | $132,000 | $375,000 |
| Credit History | 8 | $2,000,000 | $250,000 | $382,000 | $80,000 | $95,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $882,000 | $294,000 | $356,000 | $83,000 | $118,000 |
| Mortgage Insurance Denied | 2 | $657,000 | $328,000 | $351,000 | $89,000 | $96,000 |
| Unverifiable Information | 1 | $228,000 | $228,000 | $228,000 | $87,000 | $87,000 |
| Employment History | 1 | $256,000 | $256,000 | $256,000 | $184,000 | $184,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Sterling Natl Mtge Co., Inc'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 Natl Mtge Co., Inc'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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