Applications / Mortgage Analytics / Lenders / New York / Amalgamated Bank
New York, NY · State non-member bank · FDIC · $8.9 billion assets · 287 loans in 2025
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287
loans originated, 2025
382
applications, 2025
24
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Amalgamated Bank lends far more in LMI and majority-minority neighbourhoods than almost any similar lender, though it makes about a third of its 2020 loan count.
Of its loans, 62.4% were in majority-minority tracts and 40.1% in LMI (low- and moderate-income) tracts, against 6.6% and 16.9% for similar lenders (state non-member banks making between half and twice as many loans). Both are among the highest few in that group and have risen sharply since 2020. Its LMI borrower share, 26.4%, is near the middle, so the pattern is about where it lends.
Its typical rate of 6.25% was among the lowest few of similar lenders, against 6.75% for peers, and none of its loans were higher-priced (a rate well above the average for similar loans). It turned down 3.1% of first-lien home-purchase applications on owner-occupied homes, lower than about three-quarters of peers. Its product mix is one plausible reason.
Originations rose 26% to 287, faster than more than four in five similar lenders, against 10% for the market. That is still far below the 817 of 2020, and jumbo loans (larger than the conforming limit) fell from 28.5% to 2.8%; fewer large refinances once rates rose is one plausible reason.
It lent in 24 states, adding Madison, Dayton and Fort Smith in 2025. In Hartford its share rose to 0.6%, ranking 111 of 610; in New York it ranked 86 of 802.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Amalgamated Bank took 382 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 80.8% · Refinance 18.5% · Home improvement 0.3% · Other 0.3%
Conventional 100.0% · of 287 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| New York | 223 | 77.7% |
| New Jersey | 12 | 4.2% |
| California | 11 | 3.8% |
| Connecticut | 5 | 1.7% |
| District of Columbia | 5 | 1.7% |
| Massachusetts | 4 | 1.4% |
| Maryland | 4 | 1.4% |
| Florida | 2 | 0.7% |
| Michigan | 2 | 0.7% |
| North Carolina | 2 | 0.7% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| New York-Jersey City-White Plains | 214 |
| Nassau County-Suffolk County | 7 |
| Washington | 6 |
| Hartford-West Hartford-East Hartford | 4 |
| Cambridge-Newton-Framingham | 3 |
| Kiryas Joel-Poughkeepsie-Newburgh | 3 |
| Lakewood-New Brunswick | 3 |
| Newark | 3 |
| Riverside-San Bernardino-Ontario | 3 |
| San Francisco-San Mateo-Redwood City | 3 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900FMBXF85WQYV433 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 661308 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 3622 | 1990–2017 |
Established 14 April 1923. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Amalgamated Bank's data.
Amalgamated Bank's data
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Amalgamated Bank and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
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