Applications / Mortgage Analytics / Lenders / New Jersey / Blue Foundry Bank
Rutherford, NJ · Savings institution · FDIC · $2.2 billion assets · 29 loans in 2025
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29
loans originated, 2025
43
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Blue Foundry Bank, a New Jersey savings bank, now buys far more home loans than it makes: 121 bought in 2025 against 29 made.
It bought 121 loans in 2025, double the 61 it bought in 2024. Similar lenders, savings institutions making between half and twice as many loans, typically bought none, and it bought more than almost all of them. By count, bought loans are now the larger part of its mortgage business.
It made 29 loans in 2025, down 28% from 40, while similar lenders fell 7% and the whole market grew 10%. In 2018 it made 296. One plausible reason is the shift toward buying loans rather than making them.
Its 29 loans were spread across purchases, refinances, home improvement and other purposes, all conventional. Its typical loan was $285,000, against $235,000 at similar lenders. With so few loans, its shares of lending to poorer borrowers or neighborhoods could swing widely from year to year.
It has filed since 1990, when it was Boiling Springs Savings and Loan Association, and took the Blue Foundry Bank name in 2019. It absorbed Carteret Savings Bank in 1995 and Ridgewood Savings Bank NJ in 2001. In the New York metro it ranked 277 of 802 lenders.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Blue Foundry Bank took 43 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 41.4% · Refinance 31.0% · Home improvement 17.2% · Other 10.3%
Conventional 100.0% · of 29 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 Jersey | 29 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| New York-Jersey City-White Plains | 23 |
| Newark | 5 |
| Lakewood-New Brunswick | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493008TK613NXC2EN84 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 797775 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 44639 | 1990–1991 |
| Respondent ID (the HMDA filer code before 2018) | 330052 | 1992–2017 |
Established 10 April 1939. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Blue Foundry Bank's data.
Blue Foundry Bank's data
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Blue Foundry 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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