Compeer Financial Mortgage Lending & HMDA Data, 2009

In 2009, Compeer Financial of Sun Prairie, WI reported 1,937 mortgage applications totaling $390.2 million, up 19% from 2008. The average application was for $201,460, and applicants reported an average income of $143,096. 60% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (289), Rochester, MN (109) and Duluth, MN-WI (85) (applications in parentheses).

Mortgage Company & Address Compeer Financial
2600 Jenny Wren Trail
Sun Prairie, WI 53590
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 1,937
Total Mortgage Loan Application Amount $390,229,000
Average Mortgage Loan Application Amount $201,460
Highest Mortgage Loan Application Amount $25,000,000
Average Applicant Income $143,096
Highest Applicant Income $5,482,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Compeer Financial filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Compeer Financial by Metropolitan Area in 2009

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Minneapolis-St. Paul-Bloomington, MN-WI 289 $ 67,966,000 $ 235,176 $ 125,889
Rochester, MN 109 $ 26,902,000 $ 246,807 $ 190,000
Duluth, MN-WI 85 $ 15,364,000 $ 180,752 $ 78,164
St. Cloud, MN 66 $ 15,091,000 $ 228,651 $ 157,000
Mankato-North Mankato, MN 63 $ 11,516,000 $ 182,793 $ 92,000
Eau Claire, WI 33 $ 6,393,000 $ 193,727 $ 132,000
Phoenix-Mesa-Scottsdale, AZ 6 $ 840,000 $ 140,000 $ 297,000
Bakersfield, CA 3 $ 1,925,000 $ 641,666 $ 181,000
Visalia-Porterville, CA 3 $ 769,000 $ 256,333 $ 133,000
Des Moines-West Des Moines, IA 2 $ 322,000 $ 161,000 $ 127,000
Grand Forks, ND-MN 2 $ 277,000 $ 138,500 $ 151,000
Rapid City, SD 2 $ 214,000 $ 107,000 $ 111,000
Sacramento--Arden-Arcade--Roseville, CA 2 $ 1,214,000 $ 607,000 $ 261,000
San Antonio, TX 2 $ 459,000 $ 229,500 $ 154,000
Dallas-Plano-Irving, TX 1 $ 170,000 $ 170,000 $ 130,000
Eugene-Springfield, OR 1 $ 285,000 $ 285,000 $ 110,000
Fargo, ND-MN 1 $ 192,000 $ 192,000 $ 91,000
Hanford-Corcoran, CA 1 $ 417,000 $ 417,000 $ 43,000
Jacksonville, FL 1 $ 404,000 $ 404,000 $ 312,000
La Crosse, WI-MN 1 $ 256,000 $ 256,000 $ 521,000
Little Rock-North Little Rock-Conway, AR 1 $ 228,000 $ 228,000 $ 80,000
McAllen-Edinburg-Mission, TX 1 $ 120,000 $ 120,000 $ 105,000
Milwaukee-Waukesha-West Allis, WI 1 $ 280,000 $ 280,000 $ 78,000
San Diego-Carlsbad-San Marcos, CA 1 $ 156,000 $ 156,000 $ 237,000
Yuba City, CA 1 $ 400,000 $ 400,000 $ 180,000

Mortgage Loan Application Detail Totals for Compeer Financial in 2009

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 1,194 $260,462,000 $218,000 $25,000,000 $161,000 $5,482,000
Home Purchase 721 $122,765,000 $170,000 $1,000,000 $101,000 $1,048,000
Home Improvement 22 $7,002,000 $318,000 $1,775,000 $551,000 $2,867,000

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 1,898 $377,874,000 $199,000 $25,000,000 $139,000 $5,482,000
Not Provided 22 $7,830,000 $355,000 $2,000,000 $165,000 $508,000
Hispanic 11 $2,191,000 $199,000 $661,000 $281,000 $1,654,000
Not applicable 3 $1,805,000 $601,000 $1,304,000 $1,674,000 $2,867,000
Black or African American 2 $376,000 $188,000 $224,000 $48,000 $56,000
American Indian or Alaskan Native 1 $153,000 $153,000 $153,000 $339,000 $339,000
Asian 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 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) 1,933 $389,737,000 $201,000 $25,000,000 $143,000 $5,482,000
FHA-insured (Federal Housing Administration) 3 $427,000 $142,000 $314,000 $47,000 $47,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1 $65,000 $65,000 $65,000 $317,000 $317,000
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 1,156 $240,197,000 $207,000 $25,000,000 $175,000 $5,482,000
Application Withdrawn By Applicant 579 $111,978,000 $193,000 $980,000 $99,000 $1,305,000
Application Denied By Financial Institution 179 $33,920,000 $189,000 $2,000,000 $82,000 $600,000
Application Approved But Not Accepted 23 $4,134,000 $179,000 $363,000 $93,000 $405,000
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
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 91 $15,973,000 $175,000 $822,000 $70,000 $300,000
Credit History 49 $10,251,000 $209,000 $2,000,000 $77,000 $319,000
Collateral 13 $3,058,000 $235,000 $1,275,000 $112,000 $362,000
Other 11 $1,717,000 $156,000 $404,000 $140,000 $600,000
Mortgage Insurance Denied 3 $595,000 $198,000 $405,000 $76,000 $166,000
Employment History 1 $206,000 $206,000 $206,000 $37,000 $37,000
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Compeer Financial's 2009 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 Compeer Financial'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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