New York-White Plains-Wayne, NY-NJ Metro Area Mortgage Lenders & HMDA Data, 2008
In 2008, lenders reported 325,650 mortgage applications in New York-White Plains-Wayne, NY-NJ metro area totaling $129.7 billion, down 38% from 2007. The average application was for $398,183, and applicants reported an average income of $140,038. 37% of applications resulted in an originated loan and 26% were denied. The most active lender was JPMorgan Chase Bank, NA, with 44,534 applications, followed by Wells Fargo Bank, NA and Citimortgage, Inc.
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| Years | 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 325,650 |
| Total Mortgage Loan Application Amount | $129,668,315,000 |
| Average Mortgage Loan Application Amount | $398,183 |
| Highest Mortgage Loan Application Amount | $99,999,000 |
| Average Applicant Income | $140,038 |
| Highest Applicant Income | $9,999,000 |
Top Mortgage Lenders in New York-White Plains-Wayne, NY-NJ Metro Area (2008)
Ranked by the number of mortgage applications each lender reported in New York-White Plains-Wayne, NY-NJ metro area in 2008.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | JPMorgan Chase Bank, NA Columbus, OH |
44,534 | $20,947,313,000 | $470,000 | $121,000 |
| 2 | Wells Fargo Bank, NA Des Moines, IA |
25,328 | $10,134,876,000 | $400,000 | $170,000 |
| 3 | Citimortgage, Inc New York, NY |
17,154 | $7,171,044,000 | $418,000 | $194,000 |
| 4 | HSBC Mortgage Corp Depew, NY |
14,526 | $5,270,012,000 | $362,000 | $114,000 |
| 5 | Countrywide Bank FSB Westlake Village, CA |
12,212 | $4,621,424,000 | $378,000 | $135,000 |
| 6 | JPMorgan Chase Bank, NA Columbus, OH |
9,508 | $3,461,631,000 | $364,000 | $97,000 |
| 7 | Countrywide Bank FSB Westlake Village, CA |
8,177 | $2,608,290,000 | $318,000 | $114,000 |
| 8 | Bank of America, N.A. Calabasas, CA |
7,778 | $2,972,721,000 | $382,000 | $218,000 |
| 9 | Wells Fargo Bank, NA Des Moines, IA |
7,095 | $2,295,831,000 | $323,000 | $139,000 |
| 10 | Wachovia Mortgage FSB Winston-Salem, NC |
5,011 | $2,261,633,000 | $451,000 | $196,000 |
See every lender active in New York-White Plains-Wayne, NY-NJ metro area in 2008 »
The tables below break down 2008 mortgage applications in New York-White Plains-Wayne, NY-NJ metro area by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
Mortgage Loan Application Detail Totals for New York-White Plains-Wayne, NY-NJ in 2008
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 | 154,499 | $61,254,338,000 | $396,000 | $99,999,000 | $122,000 | $9,999,000 |
| Home Purchase | 142,675 | $63,949,881,000 | $448,000 | $83,385,000 | $166,000 | $9,999,000 |
| Home Improvement | 28,476 | $4,464,096,000 | $156,000 | $30,000,000 | $110,000 | $9,999,000 |
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 | 131,699 | $50,748,384,000 | $385,000 | $24,000,000 | $172,000 | $9,999,000 |
| Not Provided | 53,520 | $20,857,114,000 | $389,000 | $26,750,000 | $180,000 | $9,999,000 |
| Hispanic | 38,486 | $11,991,933,000 | $311,000 | $6,175,000 | $102,000 | $9,059,000 |
| Black or African American | 38,485 | $12,049,456,000 | $313,000 | $5,010,000 | $95,000 | $9,999,000 |
| Asian | 34,604 | $12,890,633,000 | $372,000 | $5,500,000 | $130,000 | $8,636,000 |
| Not applicable | 26,209 | $20,266,531,000 | $773,000 | $99,999,000 | $36,000 | $9,999,000 |
| Native Hawaiian or Other Pacific Islander | 1,563 | $526,346,000 | $336,000 | $2,210,000 | $117,000 | $1,770,000 |
| American Indian or Alaskan Native | 1,084 | $337,918,000 | $311,000 | $3,340,000 | $115,000 | $7,071,000 |
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) | 292,390 | $116,955,072,000 | $399,000 | $99,999,000 | $146,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) | 32,848 | $12,590,976,000 | $383,000 | $6,090,000 | $91,000 | $4,020,000 |
| VA-guaranteed (Veterans Administration) | 393 | $115,983,000 | $295,000 | $629,000 | $69,000 | $231,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 19 | $6,284,000 | $330,000 | $644,000 | $57,000 | $208,000 |
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 | 119,636 | $48,495,263,000 | $405,000 | $83,385,000 | $166,000 | $9,999,000 |
| Application Denied By Financial Institution | 83,422 | $29,595,416,000 | $354,000 | $99,999,000 | $130,000 | $9,999,000 |
| Loan Purchased By The Institution | 50,070 | $22,469,307,000 | $448,000 | $55,050,000 | $58,000 | $7,267,000 |
| Application Withdrawn By Applicant | 30,489 | $12,700,016,000 | $416,000 | $35,000,000 | $163,000 | $9,999,000 |
| Application Approved But Not Accepted | 30,393 | $11,714,305,000 | $385,000 | $71,200,000 | $173,000 | $9,999,000 |
| File Closed For Incompleteness | 11,629 | $4,690,364,000 | $403,000 | $23,250,000 | $160,000 | $6,404,000 |
| Preapproval Approved but not Accepted | 10 | $3,374,000 | $337,000 | $575,000 | $78,000 | $128,000 |
| Preapproval Denied by Financial Institution | 1 | $270,000 | $270,000 | $270,000 | $80,000 | $80,000 |
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 | 15,583 | $5,488,749,000 | $352,000 | $62,000,000 | $92,000 | $4,555,000 |
| Collateral | 13,927 | $5,284,770,000 | $379,000 | $12,500,000 | $147,000 | $6,518,000 |
| Credit Application Incomplete | 13,258 | $5,353,938,000 | $403,000 | $6,800,000 | $170,000 | $9,999,000 |
| Credit History | 11,614 | $2,541,027,000 | $218,000 | $5,500,000 | $112,000 | $9,999,000 |
| Other | 8,352 | $3,658,107,000 | $437,000 | $99,999,000 | $174,000 | $8,520,000 |
| Unverifiable Information | 3,792 | $1,558,276,000 | $410,000 | $9,595,000 | $159,000 | $9,996,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1,127 | $497,767,000 | $441,000 | $9,790,000 | $165,000 | $5,818,000 |
| Employment History | 507 | $193,794,000 | $382,000 | $2,592,000 | $132,000 | $6,364,000 |
| Mortgage Insurance Denied | 331 | $119,288,000 | $360,000 | $1,796,000 | $114,000 | $800,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
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