US Trust Company of New York Mortgage Lending & HMDA Data, 2005
In 2005, US Trust Company of New York of New York, NY reported 665 mortgage applications totaling $938.1 million, down 25% from 2004. The average application was for $1,410,703, and applicants reported an average income of $1,185,165. 70% of its applications resulted in an originated loan and 1% were denied. Its largest markets were New York-Wayne-White Plains, NY-NJ (353), Nassau-Suffolk, NY (64) and Bridgeport-Stamford-Norwalk, CT (44) (applications in parentheses).
| Mortgage Company & Address | US Trust Company of New York 114 W 47th Street New York, NY 10036 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2005 2004 2003 |
| Total Number of Mortgage Applications | 665 |
| Total Mortgage Loan Application Amount | $938,118,000 |
| Average Mortgage Loan Application Amount | $1,410,703 |
| Highest Mortgage Loan Application Amount | $16,800,000 |
| Average Applicant Income | $1,185,165 |
| Highest Applicant Income | $9,999,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records US Trust Company of New York filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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-Wayne-White Plains, NY-NJ | 353 | $ 474,628,000 | $ 1,344,555 | $ 1,288,000 |
| Nassau-Suffolk, NY | 64 | $ 138,830,000 | $ 2,169,218 | $ 1,233,000 |
| Bridgeport-Stamford-Norwalk, CT | 44 | $ 83,063,000 | $ 1,887,795 | $ 1,452,000 |
| Edison, NJ | 18 | $ 20,358,000 | $ 1,131,000 | $ 678,000 |
| Newark-Union, NJ-PA | 16 | $ 11,297,000 | $ 706,062 | $ 625,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 16 | $ 22,420,000 | $ 1,401,250 | $ 1,582,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 11 | $ 22,810,000 | $ 2,073,636 | $ 2,477,000 |
| Miami-Miami Beach-Kendall, FL | 8 | $ 19,076,000 | $ 2,384,500 | $ 1,019,000 |
| Honolulu, HI | 5 | $ 9,312,000 | $ 1,862,400 | $ 267,000 |
| Phoenix-Mesa-Scottsdale, AZ | 5 | $ 3,810,000 | $ 762,000 | $ 617,000 |
| Los Angeles-Long Beach-Glendale, CA | 4 | $ 7,586,000 | $ 1,896,500 | $ 882,000 |
| Naples-Marco Island, FL | 4 | $ 7,622,000 | $ 1,905,500 | $ 1,972,000 |
| New Haven-Milford, CT | 3 | $ 2,066,000 | $ 688,666 | $ 385,000 |
| Port St. Lucie-Fort Pierce, FL | 3 | $ 725,000 | $ 241,666 | $ 677,000 |
| Providence-New Bedford-Fall River, RI-MA | 3 | $ 3,950,000 | $ 1,316,666 | $ 1,398,000 |
| Sarasota-Bradenton-Venice, FL | 3 | $ 1,620,000 | $ 540,000 | $ 1,244,000 |
| Vero Beach, FL | 3 | $ 3,550,000 | $ 1,183,333 | $ 548,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 3 | $ 1,176,000 | $ 392,000 | $ 460,000 |
| Baltimore-Towson, MD | 2 | $ 1,400,000 | $ 700,000 | $ 3,049,000 |
| Cambridge-Newton-Framingham, MA | 2 | $ 765,000 | $ 382,500 | $ 165,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 1,500,000 | $ 750,000 | $ 1,702,000 |
| Charlottesville, VA | 2 | $ 1,760,000 | $ 880,000 | $ 772,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 1,125,000 | $ 562,500 | $ 2,085,000 |
| Kingston, NY | 2 | $ 800,000 | $ 400,000 | $ 934,000 |
| Las Vegas-Paradise, NV | 2 | $ 935,000 | $ 467,500 | $ 211,000 |
| Norwich-New London, CT | 2 | $ 1,180,000 | $ 590,000 | $ 636,000 |
| Oakland-Fremont-Hayward, CA | 2 | $ 950,000 | $ 475,000 | $ 1,000,000 |
| Philadelphia, PA | 2 | $ 770,000 | $ 385,000 | $ 369,000 |
| Pittsfield, MA | 2 | $ 1,979,000 | $ 989,500 | $ 1,020,000 |
| Rockingham County-Strafford County, NH | 2 | $ 920,000 | $ 460,000 | $ 440,000 |
| Santa Ana-Anaheim-Irvine, CA | 2 | $ 2,200,000 | $ 1,100,000 | $ 525,000 |
| Trenton-Ewing, NJ | 2 | $ 975,000 | $ 487,500 | $ 237,000 |
| Tucson, AZ | 2 | $ 445,000 | $ 222,500 | $ 698,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 1 | $ 1,450,000 | $ 1,450,000 | $ 1,344,000 |
| Atlanta-Sandy Springs-Marietta, GA | 1 | $ 325,000 | $ 325,000 | $ 236,000 |
| Barnstable Town, MA | 1 | $ 459,000 | $ 459,000 | $ 0 |
| Baton Rouge, LA | 1 | $ 600,000 | $ 600,000 | $ 1,000,000 |
| Bethesda-Frederick-Gaithersburg, MD | 1 | $ 840,000 | $ 840,000 | $ 129,000 |
| Boston-Quincy, MA | 1 | $ 1,100,000 | $ 1,100,000 | $ 708,000 |
| Boulder, CO | 1 | $ 1,000,000 | $ 1,000,000 | $ 520,000 |
| Dallas-Plano-Irving, TX | 1 | $ 1,800,000 | $ 1,800,000 | $ 1,428,000 |
| Glens Falls, NY | 1 | $ 800,000 | $ 800,000 | $ 0 |
| Indianapolis, IN | 1 | $ 1,000,000 | $ 1,000,000 | $ 1,475,000 |
| Ocean City, NJ | 1 | $ 762,000 | $ 762,000 | $ 559,000 |
| Orlando, FL | 1 | $ 750,000 | $ 750,000 | $ 216,000 |
| Pittsburgh, PA | 1 | $ 550,000 | $ 550,000 | $ 0 |
| Richmond, VA | 1 | $ 800,000 | $ 800,000 | $ 220,000 |
| San Diego-Carlsbad-San Marcos, CA | 1 | $ 900,000 | $ 900,000 | $ 98,000 |
| San Francisco-San Mateo-Redwood City, CA | 1 | $ 1,850,000 | $ 1,850,000 | $ 526,000 |
| Santa Rosa-Petaluma, CA | 1 | $ 1,700,000 | $ 1,700,000 | $ 0 |
| St. Louis, MO-IL | 1 | $ 4,500,000 | $ 4,500,000 | $ 2,400,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 1,100,000 | $ 1,100,000 | $ 743,000 |
Mortgage Loan Application Detail Totals for US Trust Company of New York in 2005
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 | 535 | $772,472,000 | $1,100,130 | $16,800,000 | $799,608 | $9,999,000 |
| Refinancing | 78 | $124,241,000 | $1,663,727 | $7,700,000 | $1,480,545 | $9,999,000 |
| Home Improvement | 52 | $41,405,000 | $632,181 | $2,500,000 | $691,818 | $4,500,000 |
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 | 539 | $727,443,000 | $1,176,692 | $16,800,000 | $1,056,807 | $9,999,000 |
| Not Provided | 62 | $89,580,000 | $1,082,200 | $4,500,000 | $676,100 | $9,999,000 |
| Not applicable | 36 | $81,374,000 | $1,593,111 | $10,500,000 | $0 | $0 |
| Hispanic | 12 | $12,208,000 | $1,017,000 | $2,207,000 | $864,000 | $3,700,000 |
| Asian | 8 | $17,150,000 | $2,143,000 | $5,477,000 | $1,138,000 | $5,455,000 |
| Native Hawaiian or Other Pacific Islander | 7 | $7,963,000 | $1,014,000 | $5,000,000 | $1,562,750 | $6,428,000 |
| Black or African American | 1 | $2,400,000 | $2,400,000 | $2,400,000 | $750,000 | $750,000 |
| 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) | 665 | $938,118,000 | $1,184,333 | $16,800,000 | $945,222 | $9,999,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 464 | $579,271,000 | $1,127,720 | $10,800,000 | $925,440 | $9,999,000 |
| Application Approved But Not Accepted | 152 | $244,784,000 | $1,423,000 | $10,500,000 | $1,281,538 | $9,999,000 |
| Application Withdrawn By Applicant | 41 | $93,777,000 | $1,308,333 | $16,800,000 | $23,666 | $1,217,000 |
| Application Denied By Financial Institution | 8 | $20,286,000 | $1,635,000 | $7,700,000 | $1,050,500 | $8,520,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 7 | $19,285,000 | $1,788,000 | $7,700,000 | $1,236,500 | $8,520,000 |
| Other | 1 | $1,001,000 | $1,001,000 | $1,001,000 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into US Trust Company of New York's 2005 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 US Trust Company of New York'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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