A-B Credit Union Mortgage Lending & HMDA Data, 2007
In 2007, A-B Credit Union of Milwaukee, WI reported 197 mortgage applications totaling $6.7 million, down 19% from 2006. The average application was for $34,045, and applicants reported an average income of $78,573. 90% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Milwaukee-Waukesha-West Allis, WI (155), Fond Du Lac, WI (12) and Sheboygan, WI (6) (applications in parentheses).
| Mortgage Company & Address | A-B Credit Union 225 W Greenfield Ave Milwaukee, WI 53204 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 197 |
| Total Mortgage Loan Application Amount | $6,707,000 |
| Average Mortgage Loan Application Amount | $34,045 |
| Highest Mortgage Loan Application Amount | $130,000 |
| Average Applicant Income | $78,573 |
| Highest Applicant Income | $455,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records A-B Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Milwaukee-Waukesha-West Allis, WI | 155 | $ 5,142,000 | $ 33,174 | $ 77,000 |
| Fond Du Lac, WI | 12 | $ 437,000 | $ 36,416 | $ 98,000 |
| Sheboygan, WI | 6 | $ 305,000 | $ 50,833 | $ 118,000 |
| Racine, WI | 3 | $ 132,000 | $ 44,000 | $ 61,000 |
| Cleveland-Elyria-Mentor, OH | 1 | $ 4,000 | $ 4,000 | $ 91,000 |
| Janesville, WI | 1 | $ 35,000 | $ 35,000 | $ 70,000 |
| Madison, WI | 1 | $ 76,000 | $ 76,000 | $ 133,000 |
Mortgage Loan Application Detail Totals for A-B Credit Union in 2007
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 | 118 | $4,169,000 | $35,000 | $104,000 | $78,000 | $275,000 |
| Home Improvement | 46 | $1,330,000 | $28,000 | $130,000 | $74,000 | $300,000 |
| Refinancing | 33 | $1,208,000 | $36,000 | $78,000 | $87,000 | $455,000 |
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 | 187 | $6,464,000 | $34,000 | $130,000 | $80,000 | $455,000 |
| Hispanic | 7 | $206,000 | $29,000 | $65,000 | $54,000 | $74,000 |
| Black or African American | 2 | $27,000 | $13,000 | $23,000 | $35,000 | $37,000 |
| Asian | 1 | $10,000 | $10,000 | $10,000 | $70,000 | $70,000 |
| American Indian or Alaskan Native | 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 |
| Not Provided | 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) | 197 | $6,707,000 | $34,000 | $130,000 | $79,000 | $455,000 |
| 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 | 178 | $6,013,000 | $33,000 | $130,000 | $80,000 | $455,000 |
| Application Denied By Financial Institution | 11 | $416,000 | $37,000 | $104,000 | $68,000 | $110,000 |
| Application Withdrawn By Applicant | 6 | $224,000 | $37,000 | $49,000 | $78,000 | $106,000 |
| File Closed For Incompleteness | 1 | $43,000 | $43,000 | $43,000 | $83,000 | $83,000 |
| Application Approved But Not Accepted | 1 | $11,000 | $11,000 | $11,000 | $45,000 | $45,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 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 |
|---|---|---|---|---|---|---|
| Credit History | 6 | $169,000 | $28,000 | $102,000 | $57,000 | $102,000 |
| Debt-To-Income Ratio | 4 | $143,000 | $35,000 | $65,000 | $73,000 | $82,000 |
| Other | 1 | $104,000 | $104,000 | $104,000 | $110,000 | $110,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into A-B Credit Union's 2007 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 A-B Credit Union'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.
For a list of all lenders in Wisconsin, download the full spreadsheet
with aggregated HMDA statistics today.
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