Wall Street Mortgage Bankers, Ltd. dba Power Expre Mortgage Lending & HMDA Data, 2019
In 2019, Wall Street Mortgage Bankers, Ltd. dba Power Expre of Great Neck, NY reported 881 mortgage applications totaling $711.9 million, up 26% from 2018. The average application was for $808,019, and applicants reported an average income of $353,718. 65% of its applications resulted in an originated loan and 18% were denied. Its largest markets were New York-Jersey City-White Plains, NY-NJ (455), Los Angeles-Long Beach-Glendale, CA (161) and Nassau County-Suffolk County, NY (132) (applications in parentheses).
| Mortgage Company & Address | Wall Street Mortgage Bankers, Ltd. dba Power Expre 1010 Northern Blvd., Suite 336 Great Neck, NY 11021 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 |
| Total Number of Mortgage Applications | 881 |
| Total Mortgage Loan Application Amount | $711,865,000 |
| Average Mortgage Loan Application Amount | $808,019 |
| Highest Mortgage Loan Application Amount | $11,645,000 |
| Average Applicant Income | $353,718 |
| Highest Applicant Income | $8,897,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Wall Street Mortgage Bankers, Ltd. dba Power Expre filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Wall Street Mortgage Bankers, Ltd. dba Power Expre in 2019
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 | 527 | $359,295,000 | $681,000 | $6,505,000 | $293,000 | $7,684,000 |
| Cash-out Refinancing | 179 | $182,155,000 | $1,017,000 | $10,655,000 | $553,000 | $8,897,000 |
| Not Applicable | 104 | $79,980,000 | $769,000 | $6,505,000 | $296,000 | $3,343,000 |
| Refinancing | 70 | $88,530,000 | $1,264,000 | $11,645,000 | $387,000 | $5,521,000 |
| Home Improvement | 1 | $1,905,000 | $1,905,000 | $1,905,000 | $0 | $0 |
| Other Purpose | 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 | 447 | $438,255,000 | $980,000 | $11,645,000 | $478,000 | $8,897,000 |
| Asian | 148 | $91,950,000 | $621,000 | $5,285,000 | $210,000 | $1,740,000 |
| Black or African American | 126 | $57,910,000 | $459,000 | $1,205,000 | $110,000 | $285,000 |
| Not Provided | 107 | $94,805,000 | $886,000 | $5,845,000 | $390,000 | $3,830,000 |
| Hispanic | 52 | $27,780,000 | $534,000 | $2,775,000 | $234,000 | $2,584,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $1,165,000 | $1,165,000 | $1,165,000 | $233,000 | $233,000 |
| 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) | 797 | $671,565,000 | $842,000 | $11,645,000 | $379,000 | $8,897,000 |
| FHA-insured (Federal Housing Administration) | 84 | $40,300,000 | $479,000 | $945,000 | $119,000 | $283,000 |
| 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 | 574 | $461,730,000 | $804,000 | $9,105,000 | $329,000 | $8,897,000 |
| Application Denied By Financial Institution | 156 | $114,640,000 | $734,000 | $10,655,000 | $343,000 | $7,290,000 |
| Application Withdrawn By Applicant | 85 | $70,935,000 | $834,000 | $11,645,000 | $365,000 | $5,521,000 |
| Application Approved But Not Accepted | 50 | $40,620,000 | $812,000 | $3,315,000 | $476,000 | $7,684,000 |
| File Closed For Incompleteness | 16 | $23,940,000 | $1,496,000 | $8,005,000 | $920,000 | $6,600,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 725 | $597,225,000 | $823,000 | $11,645,000 | $357,000 | $8,897,000 |
| Credit Application Incomplete | 54 | $42,890,000 | $794,000 | $5,305,000 | $485,000 | $7,290,000 |
| Collateral | 33 | $16,995,000 | $515,000 | $2,505,000 | $157,000 | $807,000 |
| Credit History | 21 | $25,835,000 | $1,230,000 | $10,655,000 | $598,000 | $6,332,000 |
| Debt-To-Income Ratio | 19 | $8,805,000 | $463,000 | $1,405,000 | $118,000 | $258,000 |
| Other | 19 | $13,955,000 | $734,000 | $2,455,000 | $288,000 | $2,400,000 |
| Unverifiable Information | 4 | $3,930,000 | $982,000 | $2,185,000 | $290,000 | $660,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $1,190,000 | $297,000 | $385,000 | $127,000 | $169,000 |
| Mortgage Insurance Denied | 2 | $1,040,000 | $520,000 | $595,000 | $156,000 | $162,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Wall Street Mortgage Bankers, Ltd. dba Power Expre's 2019 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 Wall Street Mortgage Bankers, Ltd. dba Power Expre'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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