A A A Federal Credit Union Mortgage Lending & HMDA Data, 2004
In 2004, A A A Federal Credit Union of South Bend, IN reported 82 mortgage applications totaling $3.9 million, down 42% from 2003. The average application was for $47,524, and applicants reported an average income of $46,353. 90% of its applications resulted in an originated loan and 9% were denied. Its largest market was South Bend-Mishawaka, IN-MI (70).
| Mortgage Company & Address | A A A Federal Credit Union 1112 Bendix Dr South Bend, IN 46628 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 82 |
| Total Mortgage Loan Application Amount | $3,897,000 |
| Average Mortgage Loan Application Amount | $47,524 |
| Highest Mortgage Loan Application Amount | $391,000 |
| Average Applicant Income | $46,353 |
| Highest Applicant Income | $186,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records A A A Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| St. Joseph, Indiana | 70 | $ 2,963,000 | $ 42,328 | $ 36,000 |
Mortgage Loan Application Detail Totals for A A A Federal Credit Union in 2004
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 |
|---|---|---|---|---|---|---|
| Refinancing | 40 | $2,390,000 | $69,500 | $391,000 | $61,500 | $186,000 |
| Home Improvement | 39 | $1,364,000 | $26,000 | $151,000 | $46,500 | $140,000 |
| Home Purchase | 3 | $143,000 | $47,000 | $54,000 | $25,000 | $34,000 |
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 | 70 | $3,433,000 | $61,500 | $391,000 | $51,500 | $186,000 |
| Black or African American | 11 | $415,000 | $41,000 | $126,000 | $69,000 | $140,000 |
| Hispanic | 1 | $49,000 | $49,000 | $49,000 | $31,000 | $31,000 |
| 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 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 81 | $3,837,000 | $59,500 | $391,000 | $55,500 | $186,000 |
| FHA-insured (Federal Housing Administration) | 1 | $60,000 | $60,000 | $60,000 | $26,000 | $26,000 |
| 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 | 74 | $3,328,000 | $48,000 | $157,000 | $55,000 | $143,000 |
| Application Denied By Financial Institution | 7 | $178,000 | $28,500 | $50,000 | $27,500 | $63,000 |
| Application Withdrawn By Applicant | 1 | $391,000 | $391,000 | $391,000 | $186,000 | $186,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 4 | $122,000 | $37,000 | $50,000 | $24,500 | $63,000 |
| Collateral | 1 | $25,000 | $25,000 | $25,000 | $28,000 | $28,000 |
| Credit History | 1 | $1,000 | $1,000 | $1,000 | $39,000 | $39,000 |
| Unverifiable Information | 1 | $30,000 | $30,000 | $30,000 | $29,000 | $29,000 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into A A A Federal Credit Union's 2004 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 A A Federal 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.
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