Aig Federal Savings Bank Mortgage Lending & HMDA Data, 2007

In 2007, Aig Federal Savings Bank of Wilmington, DE reported 514 mortgage applications totaling $148.0 million, down 98% from 2006. The average application was for $287,859, and applicants reported an average income of $114,573. 30% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Wilmington, DE-MD-NJ (118), New York-White Plains-Wayne, NY-NJ (40) and Phoenix-Mesa-Scottsdale, AZ (22) (applications in parentheses).

Mortgage Company & Address Aig Federal Savings Bank
600 N King Street, Suite 2
Wilmington, DE 19801
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 514
Total Mortgage Loan Application Amount $147,960,000
Average Mortgage Loan Application Amount $287,859
Highest Mortgage Loan Application Amount $5,200,000
Average Applicant Income $114,573
Highest Applicant Income $800,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Aig Federal Savings Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Aig Federal Savings Bank by County in 2007

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
New Castle, Delaware 111 $ 20,501,000 $ 184,693 $ 52,000
Maricopa, Arizona 20 $ 4,428,000 $ 221,400 $ 115,000
Los Angeles, California 20 $ 9,779,000 $ 488,950 $ 156,000
Westchester, New York 17 $ 6,326,000 $ 372,117 $ 176,000
Pima, Arizona 13 $ 2,362,000 $ 181,692 $ 81,000
San Bernardino, California 12 $ 3,314,000 $ 276,166 $ 147,000
Bergen, New Jersey 8 $ 2,580,000 $ 322,500 $ 88,000
Fairfield, Connecticut 7 $ 3,000,000 $ 428,571 $ 166,000
Cecil, Maryland 7 $ 1,222,000 $ 174,571 $ 46,000
Kern, California 6 $ 1,150,000 $ 191,666 $ 79,000
Santa Clara, California 6 $ 2,453,000 $ 408,833 $ 138,000
DeKalb, Georgia 6 $ 1,538,000 $ 256,333 $ 87,000
Cook, Illinois 6 $ 1,444,000 $ 240,666 $ 106,000
Monmouth, New Jersey 6 $ 2,565,000 $ 427,500 $ 129,000
Merced, California 5 $ 842,000 $ 168,400 $ 154,000
Riverside, California 5 $ 1,782,000 $ 356,400 $ 97,000
Nassau, New York 5 $ 3,252,000 $ 650,400 $ 397,000
Richmond, New York 5 $ 996,000 $ 199,200 $ 111,000
Mecklenburg, North Carolina 5 $ 447,000 $ 89,400 $ 144,000
New Hanover, North Carolina 5 $ 1,650,000 $ 330,000 $ 109,000
Harris, Texas 5 $ 512,000 $ 102,400 $ 61,000
Orange, California 4 $ 1,800,000 $ 450,000 $ 170,000
St. Tammany, Louisiana 4 $ 2,063,000 $ 515,750 $ 218,000
Montgomery, Pennsylvania 4 $ 2,360,000 $ 590,000 $ 278,000
Montgomery, Texas 4 $ 1,277,000 $ 319,250 $ 250,000
Contra Costa, California 3 $ 1,464,000 $ 488,000 $ 152,000
San Diego, California 3 $ 1,254,000 $ 418,000 $ 129,000
Yolo, California 3 $ 1,638,000 $ 546,000 $ 141,000
Arapahoe, Colorado 3 $ 740,000 $ 246,666 $ 169,000
Fulton, Georgia 3 $ 1,860,000 $ 620,000 $ 157,000
Gwinnett, Georgia 3 $ 507,000 $ 169,000 $ 95,000
Montgomery, Maryland 3 $ 1,192,000 $ 397,333 $ 108,000
Wayne, Michigan 3 $ 698,000 $ 232,666 $ 79,000
St. Louis, Missouri 3 $ 1,055,000 $ 351,666 $ 115,000
Putnam, New York 3 $ 827,000 $ 275,666 $ 141,000
Suffolk, New York 3 $ 3,650,000 $ 1,216,666 $ 358,000
Collin, Texas 3 $ 303,000 $ 101,000 $ 73,000
Tarrant, Texas 3 $ 332,000 $ 110,666 $ 62,000
Fairfax, Virginia 3 $ 854,000 $ 284,666 $ 164,000
Pinal, Arizona 2 $ 290,000 $ 145,000 $ 53,000
Alameda, California 2 $ 648,000 $ 324,000 $ 119,000
Butte, California 2 $ 325,000 $ 162,500 $ 82,000
Sacramento, California 2 $ 604,000 $ 302,000 $ 77,000
Larimer, Colorado 2 $ 813,000 $ 406,500 $ 94,000
Sussex, Delaware 2 $ 185,000 $ 92,500 $ 75,000
Broward, Florida 2 $ 517,000 $ 258,500 $ 83,000
Marion, Florida 2 $ 508,000 $ 254,000 $ 58,000
Miami-Dade, Florida 2 $ 454,000 $ 227,000 $ 221,000
Orange, Florida 2 $ 2,010,000 $ 1,005,000 $ 147,000
Sumter, Florida 2 $ 450,000 $ 225,000 $ 65,000
Cobb, Georgia 2 $ 1,332,000 $ 666,000 $ 316,000
Forsyth, Georgia 2 $ 297,000 $ 148,500 $ 55,000
Rockdale, Georgia 2 $ 1,210,000 $ 605,000 $ 137,000
Marion, Indiana 2 $ 323,000 $ 161,500 $ 126,000
Johnson, Kansas 2 $ 269,000 $ 134,500 $ 103,000
Bristol, Massachusetts 2 $ 851,000 $ 425,500 $ 131,000
Oakland, Michigan 2 $ 746,000 $ 373,000 $ 48,000
Hennepin, Minnesota 2 $ 313,000 $ 156,500 $ 59,000
Rankin, Mississippi 2 $ 190,000 $ 95,000 $ 53,000
Burlington, New Jersey 2 $ 194,000 $ 97,000 $ 50,000
Camden, New Jersey 2 $ 239,000 $ 119,500 $ 78,000
Morris, New Jersey 2 $ 812,000 $ 406,000 $ 85,000
Erie, New York 2 $ 322,000 $ 161,000 $ 163,000
Kings, New York 2 $ 935,000 $ 467,500 $ 90,000
New York, New York 2 $ 903,000 $ 451,500 $ 114,000
Queens, New York 2 $ 491,000 $ 245,500 $ 46,000
Sullivan, New York 2 $ 525,000 $ 262,500 $ 365,000
Wake, North Carolina 2 $ 515,000 $ 257,500 $ 115,000
Coos, Oregon 2 $ 330,000 $ 165,000 $ 80,000
Chester, Pennsylvania 2 $ 309,000 $ 154,500 $ 80,000
York, Pennsylvania 2 $ 450,000 $ 225,000 $ 105,000
Knox, Tennessee 2 $ 147,000 $ 73,500 $ 97,000
Brazoria, Texas 2 $ 126,000 $ 63,000 $ 96,000
Fannin, Texas 2 $ 165,000 $ 82,500 $ 61,000
Harrison, Texas 2 $ 164,000 $ 82,000 $ 79,000
Lynchburg, Virginia 2 $ 256,000 $ 128,000 $ 90,000
New Kent, Virginia 2 $ 550,000 $ 275,000 $ 207,000
Baldwin, Alabama 1 $ 169,000 $ 169,000 $ 37,000
Madison, Alabama 1 $ 232,000 $ 232,000 $ 105,000
Gila, Arizona 1 $ 409,000 $ 409,000 $ 55,000
Mohave, Arizona 1 $ 396,000 $ 396,000 $ 636,000
Navajo, Arizona 1 $ 140,000 $ 140,000 $ 73,000
Fresno, California 1 $ 508,000 $ 508,000 $ 228,000
Placer, California 1 $ 417,000 $ 417,000 $ 68,000
San Francisco, California 1 $ 714,000 $ 714,000 $ 157,000
San Joaquin, California 1 $ 283,000 $ 283,000 $ 86,000
San Luis Obispo, California 1 $ 417,000 $ 417,000 $ 247,000
Douglas, Colorado 1 $ 35,000 $ 35,000 $ 54,000
Routt, Colorado 1 $ 5,200,000 $ 5,200,000 $ 420,000
Weld, Colorado 1 $ 140,000 $ 140,000 $ 58,000
New Haven, Connecticut 1 $ 235,000 $ 235,000 $ 85,000
Collier, Florida 1 $ 100,000 $ 100,000 $ 98,000
Duval, Florida 1 $ 321,000 $ 321,000 $ 67,000
Lake, Florida 1 $ 241,000 $ 241,000 $ 74,000
Lee, Florida 1 $ 362,000 $ 362,000 $ 472,000
Manatee, Florida 1 $ 305,000 $ 305,000 $ 48,000
Monroe, Florida 1 $ 360,000 $ 360,000 $ 165,000
Okaloosa, Florida 1 $ 320,000 $ 320,000 $ 171,000
Osceola, Florida 1 $ 168,000 $ 168,000 $ 29,000
Palm Beach, Florida 1 $ 301,000 $ 301,000 $ 258,000
St. Johns, Florida 1 $ 180,000 $ 180,000 $ 625,000
Volusia, Florida 1 $ 180,000 $ 180,000 $ 29,000
Bartow, Georgia 1 $ 128,000 $ 128,000 $ 56,000
Early, Georgia 1 $ 165,000 $ 165,000 $ 70,000
Greene, Georgia 1 $ 417,000 $ 417,000 $ 360,000
Laurens, Georgia 1 $ 180,000 $ 180,000 $ 117,000
Paulding, Georgia 1 $ 130,000 $ 130,000 $ 300,000
White, Georgia 1 $ 171,000 $ 171,000 $ 56,000
McHenry, Illinois 1 $ 215,000 $ 215,000 $ 150,000
Decatur, Indiana 1 $ 153,000 $ 153,000 $ 100,000
Hamilton, Indiana 1 $ 494,000 $ 494,000 $ 250,000
Hendricks, Indiana 1 $ 109,000 $ 109,000 $ 35,000
Howard, Indiana 1 $ 94,000 $ 94,000 $ 71,000
Johnson, Indiana 1 $ 381,000 $ 381,000 $ 210,000
Anderson, Kansas 1 $ 130,000 $ 130,000 $ 61,000
Decatur, Kansas 1 $ 50,000 $ 50,000 $ 41,000
Ottawa, Kansas 1 $ 159,000 $ 159,000 $ 49,000
Sedgwick, Kansas 1 $ 334,000 $ 334,000 $ 357,000
Kenton, Kentucky 1 $ 155,000 $ 155,000 $ 121,000
Tangipahoa, Louisiana 1 $ 140,000 $ 140,000 $ 95,000
Terrebonne, Louisiana 1 $ 232,000 $ 232,000 $ 150,000
Barnstable, Massachusetts 1 $ 318,000 $ 318,000 $ 95,000
Middlesex, Massachusetts 1 $ 250,000 $ 250,000 $ 99,000
Norfolk, Massachusetts 1 $ 61,000 $ 61,000 $ 28,000
Plymouth, Massachusetts 1 $ 141,000 $ 141,000 $ 83,000
Suffolk, Massachusetts 1 $ 350,000 $ 350,000 $ 61,000
Worcester, Massachusetts 1 $ 346,000 $ 346,000 $ 98,000
Lapeer, Michigan 1 $ 210,000 $ 210,000 $ 100,000
Macomb, Michigan 1 $ 157,000 $ 157,000 $ 56,000
Lee, Mississippi 1 $ 316,000 $ 316,000 $ 78,000
Madison, Mississippi 1 $ 210,000 $ 210,000 $ 111,000
Douglas, Nebraska 1 $ 153,000 $ 153,000 $ 40,000
Clark, Nevada 1 $ 750,000 $ 750,000 $ 300,000
Cape May, New Jersey 1 $ 335,000 $ 335,000 $ 62,000
Essex, New Jersey 1 $ 207,000 $ 207,000 $ 107,000
Mercer, New Jersey 1 $ 259,000 $ 259,000 $ 105,000
Middlesex, New Jersey 1 $ 50,000 $ 50,000 $ 53,000
Ocean, New Jersey 1 $ 225,000 $ 225,000 $ 74,000
Passaic, New Jersey 1 $ 318,000 $ 318,000 $ 116,000
Sussex, New Jersey 1 $ 299,000 $ 299,000 $ 70,000
Union, New Jersey 1 $ 541,000 $ 541,000 $ 235,000
Warren, New Jersey 1 $ 604,000 $ 604,000 $ 252,000
Dona Ana, New Mexico 1 $ 537,000 $ 537,000 $ 168,000
Lincoln, New Mexico 1 $ 250,000 $ 250,000 $ 108,000
Jackson, North Carolina 1 $ 1,000,000 $ 1,000,000 $ 393,000
Pitt, North Carolina 1 $ 77,000 $ 77,000 $ 44,000
Rutherford, North Carolina 1 $ 127,000 $ 127,000 $ 288,000
Butler, Ohio 1 $ 201,000 $ 201,000 $ 71,000
Cuyahoga, Ohio 1 $ 148,000 $ 148,000 $ 60,000
Hamilton, Ohio 1 $ 142,000 $ 142,000 $ 48,000
Miami, Ohio 1 $ 157,000 $ 157,000 $ 68,000
Oklahoma, Oklahoma 1 $ 209,000 $ 209,000 $ 69,000
Allegheny, Pennsylvania 1 $ 150,000 $ 150,000 $ 36,000
Blair, Pennsylvania 1 $ 224,000 $ 224,000 $ 18,000
Northampton, Pennsylvania 1 $ 215,000 $ 215,000 $ 70,000
Pike, Pennsylvania 1 $ 200,000 $ 200,000 $ 80,000
Susquehanna, Pennsylvania 1 $ 30,000 $ 30,000 $ 92,000
Beaufort, South Carolina 1 $ 300,000 $ 300,000 $ 125,000
Charleston, South Carolina 1 $ 351,000 $ 351,000 $ 165,000
Georgetown, South Carolina 1 $ 468,000 $ 468,000 $ 249,000
Davidson, Tennessee 1 $ 164,000 $ 164,000 $ 180,000
Overton, Tennessee 1 $ 104,000 $ 104,000 $ 23,000
Chambers, Texas 1 $ 125,000 $ 125,000 $ 46,000
Denton, Texas 1 $ 615,000 $ 615,000 $ 273,000
Liberty, Texas 1 $ 53,000 $ 53,000 $ 87,000
Llano, Texas 1 $ 276,000 $ 276,000 $ 155,000
Webb, Texas 1 $ 119,000 $ 119,000 $ 62,000
Salt Lake, Utah 1 $ 390,000 $ 390,000 $ 132,000
Washington, Utah 1 $ 328,000 $ 328,000 $ 448,000
Addison, Vermont 1 $ 400,000 $ 400,000 $ 106,000
Albemarle, Virginia 1 $ 728,000 $ 728,000 $ 206,000
Alexandria, Virginia 1 $ 465,000 $ 465,000 $ 98,000
Falls Church, Virginia 1 $ 741,000 $ 741,000 $ 127,000
Isle of Wight, Virginia 1 $ 216,000 $ 216,000 $ 94,000
Kitsap, Washington 1 $ 347,000 $ 347,000 $ 75,000
Kanawha, West Virginia 1 $ 50,000 $ 50,000 $ 38,000
Milwaukee, Wisconsin 1 $ 198,000 $ 198,000 $ 87,000

Mortgage Loan Application Detail Totals for Aig Federal Savings Bank 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
Refinancing 259 $86,565,000 $334,000 $5,200,000 $124,000 $800,000
Home Purchase 255 $61,395,000 $240,000 $2,750,000 $105,000 $736,000
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 315 $103,505,000 $328,000 $5,200,000 $142,000 $800,000
Not applicable 115 $21,342,000 $185,000 $407,000 $52,000 $160,000
Black or African American 28 $7,681,000 $274,000 $1,000,000 $105,000 $290,000
Hispanic 22 $6,250,000 $284,000 $920,000 $99,000 $273,000
Not Provided 17 $4,444,000 $261,000 $714,000 $100,000 $228,000
Asian 13 $3,550,000 $273,000 $680,000 $79,000 $132,000
American Indian or Alaskan Native 4 $1,188,000 $297,000 $850,000 $94,000 $200,000
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) 509 $147,013,000 $288,000 $5,200,000 $115,000 $800,000
FHA-insured (Federal Housing Administration) 5 $947,000 $189,000 $288,000 $42,000 $53,000
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 155 $40,914,000 $263,000 $1,050,000 $129,000 $636,000
Loan Purchased By The Institution 115 $21,342,000 $185,000 $407,000 $52,000 $160,000
Application Denied By Financial Institution 85 $31,380,000 $369,000 $5,200,000 $119,000 $800,000
File Closed For Incompleteness 77 $25,335,000 $329,000 $1,500,000 $141,000 $660,000
Application Withdrawn By Applicant 64 $20,961,000 $327,000 $1,575,000 $133,000 $528,000
Application Approved But Not Accepted 18 $8,028,000 $446,000 $2,750,000 $189,000 $736,000
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 27 $8,012,000 $296,000 $1,080,000 $119,000 $800,000
Debt-To-Income Ratio 27 $13,752,000 $509,000 $5,200,000 $88,000 $420,000
Other 18 $6,012,000 $334,000 $680,000 $165,000 $420,000
Collateral 13 $3,604,000 $277,000 $613,000 $120,000 $372,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Unverifiable Information 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 Aig Federal Savings Bank'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 Aig Federal Savings Bank'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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