Hartford Business Journal

www.HartfordBusiness.com March 14, 2016 • Hartford Business Journal 9 To view the full list, please visit HartfordBusiness.com THE LIST Top residential mortgage lenders for Connecticut (Ranked by 2014 Connecticut dollars originated) Rank Company Total amount loaned (000) Number of CT loans CT market share Amount loaned to low/mod income applicants (000) Loans originated to low/mod income applicants Amount loaned to minority applicants (000) Loans originated to minority applicants 1 Wells Fargo Bank NA 420 Montgomery St. San Francisco, CA 94163 800-869-3557; www.wellsfargo.com $1,188,514 3406 7.08% $104,500 803 $170,351 572 2 People's United Bank 850 Main St. Bridgeport, CT 06604 203-338-7171; www.peoples.com $855,334 1751 5.09% $59,978 457 $72,399 261 3 JPMorgan Chase Bank NA 270 Park Ave. New York, NY 10017 212-270-6000; www.jpmorganchase.com $733,919 1346 4.37% $50,828 316 $94,248 247 4 Bank of America NA 185 Asylum St. Hartford, CT 06103 800-432-1000; www.bankofamerica.com $731,135 2098 4.35% $83,802 604 $100,370 387 5 Quicken Loans 1050 Woodward Ave. Detroit, MI 48226 800-863-4332; www.quickenloans.com $713,192 3186 4.25% $129,852 866 $75,955 362 6 Citibank NA 399 Park Ave. New York, NY 10043 212-559-1000; www.citibank.com $614,981 1235 3.66% $37,999 255 $76,334 221 7 Webster Bank NA 137 Bank St. Waterbury, CT 06702 800-325-2424; public.websteronline.com $585,832 2345 3.49% $76,989 753 $61,154 355 8 United Bank 45 Glastonbury Blvd. Glastonbury, CT 06033 866-959-2265; www.bankatunited.com $335,349 1237 2.00% $47,542 389 $37,912 193 9 Liberty Bank 315 Main St. Middletown, CT 06457 888-570-0773; www.liberty-bank.com $311,144 1006 1.85% $30,630 232 $35,256 127 10 First Niagara Bank NA 726 Exchange St. Buffalo, NY 14210 800-421-0004; www.firstniagara.com $305,224 879 1.82% $22,499 232 $25,631 129 11 Morgan Stanley Private Bank NA (1) 2000 Westchester Ave. Purchase, NY 10577 800-869-3326; www.morganstanley.com $275,607 282 1.64% $4,104 18 $28,946 19 12 Norwich Commercial Group Inc. d/b/a Norcom Mortgage and Mortgage Force (2) 38 Security Drive Avon, CT 06001 855-667-2661; www.norcommortgage.com $270,897 1380 1.61% $91,568 646 $42,425 233 13 Mortgage Master Inc. 102 Elm St. Walpole, MA 02081 508-850-4100; www.mortgagemaster.com $270,040 1012 1.61% $42,861 239 $36,597 136 14 Village Mortgage Co. 21 Prospect St., Unit D Torrington, CT 06790 860-482-7378; www.villagemtg.com $212,979 1048 1.27% $61,063 420 $39,523 204 15 Farmington Bank 1 Farm Glen Blvd. Farmington, CT 06032 877-376-2265; www.farmingtonbankct.com $206,922 785 1.23% $35,235 268 $26,751 88 16 Capital One NA P.O. Box 4199 Houston, TX 77210 888-810-4013; capitalone.com $201,112 89 1.20% $2,170 19 $2,240 10 17 William Raveis Mortgage LLC 7 Trap Falls Road Shelton, CT 06484 203-926-1090; www.raveis.com/mortgage $196,797 787 1.17% $43,088 252 $21,707 97 18 Franklin American Mortgage Co. 501 Corporate Centre Drive, Suite 400 Franklin, TN 37067 800-295-1020; www.franklinamerican.com $185,520 854 1.10% $47,756 304 $18,110 102 19 Fairfield County Bank 150 Danbury Road Ridgefield, CT 06877 203-438-6518; www.fairfieldcountybank.com $182,620 374 1.09% $13,429 65 $13,924 39 20 TD Bank NA 1701 Route 70 East Cherry Hil, NJ 08034 866-222-3456; www.tdbank.com $180,088 643 1.07% $21,524 203 $15,689 98 21 Hudson City Savings Bank 80 W. Century Road Paramus, NJ 07652 201-967-1900; www.hudsoncitysavingsbank.com $175,374 255 1.04% $804 5 $22,707 34 22 Savings Bank of Danbury 220 Main St. Danbury, CT 06810 203-743-3849; sbdanbury.com $173,222 486 1.03% $16,750 92 $24,450 85 23 First Republic Bank 111 Pine St. San Francisco, CA 94111 800-392-1400; www.firstrepublic.com $172,079 118 1.02% $0 0 $11,024 11 24 Prime Lending - a PlainsCapital Co. 18111 Preston Road, Suite 900 Dallas, TX 75252 800-317-7463; www.primelending.com $168,212 685 1.00% $37,103 232 $16,341 67 Source: GeoDataVision, 203-530-1544, www.geodatavision.com. Information is based on 2014 Home Mortgage Disclosure Act data released by the Federal Reserve in Sept. 2015, the latest available as of press time. Special thanks to Len Suzio. (1) An affiliate of Morgan Stanley Smith Barney LLC. (2) Address is for Norcom Mortgage. —Compiled by Stephanie R. Meagher. (Ranked by 2014 Connecticut dollars originated) Rank Company Total amount loaned (000) Number of CT loans CT market share Amount loaned to low/mod income applicants (000) Loans originated to low/mod income applicants Amount loaned to minority applicants (000) Loans originated to minority applicants 1 Wells Fargo Bank NA 420 Montgomery St. San Francisco, CA 94163 800-869-3557; www.wellsfargo.com $1,188,514 3406 7.08% $104,500 803 $170,351 572 2 People's United Bank 850 Main St. Bridgeport, CT 06604 203-338-7171; www.peoples.com $855,334 1751 5.09% $59,978 457 $72,399 261 3 JPMorgan Chase Bank NA 270 Park Ave. New York, NY 10017 212-270-6000; www.jpmorganchase.com $733,919 1346 4.37% $50,828 316 $94,248 247 4 Bank of America NA 185 Asylum St. Hartford, CT 06103 800-432-1000; www.bankofamerica.com $731,135 2098 4.35% $83,802 604 $100,370 387 5 Quicken Loans 1050 Woodward Ave. Detroit, MI 48226 800-863-4332; www.quickenloans.com $713,192 3186 4.25% $129,852 866 $75,955 362 6 Citibank NA 399 Park Ave. New York, NY 10043 212-559-1000; www.citibank.com $614,981 1235 3.66% $37,999 255 $76,334 221 7 Webster Bank NA 137 Bank St. Waterbury, CT 06702 800-325-2424; public.websteronline.com $585,832 2345 3.49% $76,989 753 $61,154 355 8 United Bank 45 Glastonbury Blvd. Glastonbury, CT 06033 866-959-2265; www.bankatunited.com $335,349 1237 2.00% $47,542 389 $37,912 193 9 Liberty Bank 315 Main St. Middletown, CT 06457 888-570-0773; www.liberty-bank.com $311,144 1006 1.85% $30,630 232 $35,256 127 10 First Niagara Bank NA 726 Exchange St. Buffalo, NY 14210 800-421-0004; www.firstniagara.com $305,224 879 1.82% $22,499 232 $25,631 129 11 Morgan Stanley Private Bank NA (1) 2000 Westchester Ave. Purchase, NY 10577 800-869-3326; www.morganstanley.com $275,607 282 1.64% $4,104 18 $28,946 19 12 Norwich Commercial Group Inc. d/b/a Norcom Mortgage and Mortgage Force (2) 38 Security Drive Avon, CT 06001 855-667-2661; www.norcommortgage.com $270,897 1380 1.61% $91,568 646 $42,425 233 13 Mortgage Master Inc. 102 Elm St. Walpole, MA 02081 508-850-4100; www.mortgagemaster.com $270,040 1012 1.61% $42,861 239 $36,597 136 14 Village Mortgage Co. 21 Prospect St., Unit D Torrington, CT 06790 860-482-7378; www.villagemtg.com $212,979 1048 1.27% $61,063 420 $39,523 204 15 Farmington Bank 1 Farm Glen Blvd. Farmington, CT 06032 877-376-2265; www.farmingtonbankct.com $206,922 785 1.23% $35,235 268 $26,751 88 16 Capital One NA P.O. Box 4199 Houston, TX 77210 888-810-4013; capitalone.com $201,112 89 1.20% $2,170 19 $2,240 10 17 William Raveis Mortgage LLC 7 Trap Falls Road Shelton, CT 06484 203-926-1090; www.raveis.com/mortgage $196,797 787 1.17% $43,088 252 $21,707 97 18 Franklin American Mortgage Co. 501 Corporate Centre Drive, Suite 400 Franklin, TN 37067 800-295-1020; www.franklinamerican.com $185,520 854 1.10% $47,756 304 $18,110 102 19 Fairfield County Bank 150 Danbury Road Ridgefield, CT 06877 203-438-6518; www.fairfieldcountybank.com $182,620 374 1.09% $13,429 65 $13,924 39 20 TD Bank NA 1701 Route 70 East Cherry Hil, NJ 08034 866-222-3456; www.tdbank.com $180,088 643 1.07% $21,524 203 $15,689 98 21 Hudson City Savings Bank 80 W. Century Road Paramus, NJ 07652 201-967-1900; www.hudsoncitysavingsbank.com $175,374 255 1.04% $804 5 $22,707 34 22 Savings Bank of Danbury 220 Main St. Danbury, CT 06810 203-743-3849; sbdanbury.com $173,222 486 1.03% $16,750 92 $24,450 85 23 First Republic Bank 111 Pine St. San Francisco, CA 94111 800-392-1400; www.firstrepublic.com $172,079 118 1.02% $0 0 $11,024 11 24 Prime Lending - a PlainsCapital Co. 18111 Preston Road, Suite 900 Dallas, TX 75252 800-317-7463; www.primelending.com $168,212 685 1.00% $37,103 232 $16,341 67 Source: GeoDataVision, 203-530-1544, www.geodatavision.com. Information is based on 2014 Home Mortgage Disclosure Act data released by the Federal Reserve in Sept. 2015, the latest available as of press time. Special thanks to Len Suzio. (1) An affiliate of Morgan Stanley Smith Barney LLC. (2) Address is for Norcom Mortgage. —Compiled by Stephanie R. Meagher. "I think we're going to be stable for a while and we're all hoping that there will be an uptick in the market as far as more activity, more deposits and the prices going up from a seller's standpoint, but I think it may not be this spring," she said. "It may be next spring that we see prices start to go up, but the activ- ity is definitely there." That activity has been evident in the broader real estate market as well, with full-year 2015 sales for all single-family homes rising 9.7 percent in Greater Hartford. The median sales price of $212,000, however, was down 1.4 percent for the year, despite rising in November and December. The median sales prices rose again in January. Debbie Battista, a Realtor for the Toll Broth- ers development Weatherstone of Avon, is seeing strong activity in new-home sales at the luxury community, which advertises prices starting at $699,995. It's about 75 percent sold out. "I'm feeling very good about it," Battista said of the high-end market. "I just put up two sold signs this week [in early March]." Another Toll community, Glastonbury Estates, that recently opened is seeing very good sales, too, Battista said. Prices in that community start at $654,995. While Breen is happy to see the broader market rebounding, she's concerned about Connecticut's tax and business climate driving more wealthy individuals away from the state. "I think that is the biggest concern in the real estate community," Breen said. "We're not seeing people brought in like we used to." Legislators and others need to pull togeth- er to address the state's budget crisis and also talk about the good things Connecticut has to offer, she said, calling Realtors one of the state's biggest proponents. They want retirees coming back and students staying after college, she said. "I'm still seeing enough activity, new activity, fresh activity, people coming to Con- necticut," she said. n

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