1st Place Mortgage LLC Mortgage Lending & HMDA Data, 2006

In 2006, 1st Place Mortgage LLC of Appleton, WI reported 146 mortgage applications totaling $19.5 million, down 15% from 2005. The average application was for $133,582, and applicants reported an average income of $74,150. 95% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Appleton, WI (99), Oshkosh-Neenah, WI (29) and Green Bay, WI (4) (applications in parentheses).

Mortgage Company & Address 1st Place Mortgage LLC
2000 S Memorial Dr
Appleton, WI 54915
Tel #: available with data download
Federal Regulator * available with data download
Years 2006  2005  2004  
Total Number of Mortgage Applications 146
Total Mortgage Loan Application Amount $19,503,000
Average Mortgage Loan Application Amount $133,582
Highest Mortgage Loan Application Amount $417,000
Average Applicant Income $74,150
Highest Applicant Income $320,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records 1st Place Mortgage LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for 1st Place Mortgage LLC by Metropolitan Area in 2006

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Appleton, WI 99 $ 13,445,000 $ 135,808 $ 72,000
Oshkosh-Neenah, WI 29 $ 3,528,000 $ 121,655 $ 72,000
Green Bay, WI 4 $ 552,000 $ 138,000 $ 69,000
Janesville, WI 2 $ 407,000 $ 203,500 $ 117,000
Sheboygan, WI 1 $ 137,000 $ 137,000 $ 117,000

Mortgage Loan Application Detail Totals for 1st Place Mortgage LLC in 2006

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 92 $10,753,000 $116,000 $417,000 $76,000 $320,000
Refinancing 54 $8,750,000 $162,000 $417,000 $71,000 $160,000
Home Improvement 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 133 $17,900,000 $134,000 $417,000 $76,000 $320,000
Hispanic 9 $720,000 $80,000 $156,000 $46,000 $92,000
Asian 2 $562,000 $281,000 $345,000 $64,000 $73,000
American Indian or Alaskan Native 1 $168,000 $168,000 $168,000 $62,000 $62,000
Not Provided 1 $153,000 $153,000 $153,000 $62,000 $62,000
Black or African American 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
Not applicable 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) 146 $19,503,000 $133,000 $417,000 $74,000 $320,000
FHA-insured (Federal Housing Administration) 0 $0 $0 $0 $0 $0
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 138 $18,868,000 $136,000 $417,000 $75,000 $320,000
Application Denied By Financial Institution 5 $251,000 $50,000 $117,000 $46,000 $73,000
Preapproval Denied by Financial Institution 3 $384,000 $128,000 $150,000 $48,000 $66,000
Application Approved But Not Accepted 0 $0 $0 $0 $0 $0
Application Withdrawn By Applicant 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Preapproval Approved but not Accepted 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
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into 1st Place Mortgage LLC's 2006 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 1st Place Mortgage LLC'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.
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