Aig Federal Savings Bank Mortgage Lending & HMDA Data, 2008
In 2008, Aig Federal Savings Bank of Wilmington, DE reported 444 mortgage applications totaling $125.3 million, down 14% from 2007. The average application was for $282,119, and applicants reported an average income of $209,000. 18% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Wilmington, DE-MD-NJ (137), New York-White Plains-Wayne, NY-NJ (30) and Los Angeles-Long Beach-Glendale, CA (16) (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 | 444 |
| Total Mortgage Loan Application Amount | $125,261,000 |
| Average Mortgage Loan Application Amount | $282,119 |
| Highest Mortgage Loan Application Amount | $1,462,000 |
| Average Applicant Income | $209,000 |
| Highest Applicant Income | $9,999,000 |
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(HMDA) records Aig Federal Savings Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| 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 | 129 | $ 22,669,000 | $ 175,728 | $ 52,000 |
| Los Angeles, California | 16 | $ 8,248,000 | $ 515,500 | $ 129,000 |
| Maricopa, Arizona | 10 | $ 2,037,000 | $ 203,700 | $ 97,000 |
| Cecil, Maryland | 8 | $ 1,224,000 | $ 153,000 | $ 42,000 |
| Pima, Arizona | 6 | $ 943,000 | $ 157,166 | $ 49,000 |
| Orange, California | 6 | $ 1,707,000 | $ 284,500 | $ 101,000 |
| Fairfield, Connecticut | 6 | $ 2,955,000 | $ 492,500 | $ 123,000 |
| Bergen, New Jersey | 6 | $ 2,195,000 | $ 365,833 | $ 102,000 |
| Monmouth, New Jersey | 6 | $ 2,554,000 | $ 425,666 | $ 199,000 |
| Richmond, New York | 6 | $ 1,446,000 | $ 241,000 | $ 99,000 |
| Wake, North Carolina | 6 | $ 3,867,000 | $ 644,500 | $ 756,000 |
| Harris, Texas | 6 | $ 807,000 | $ 134,500 | $ 112,000 |
| San Bernardino, California | 5 | $ 1,335,000 | $ 267,000 | $ 101,000 |
| Cook, Illinois | 5 | $ 892,000 | $ 178,400 | $ 125,000 |
| Beaufort, South Carolina | 5 | $ 2,672,000 | $ 534,400 | $ 2,249,000 |
| San Diego, California | 4 | $ 2,323,000 | $ 580,750 | $ 132,000 |
| Fulton, Georgia | 4 | $ 2,476,000 | $ 619,000 | $ 489,000 |
| Marion, Indiana | 4 | $ 481,000 | $ 120,250 | $ 70,000 |
| Suffolk, Massachusetts | 4 | $ 1,355,000 | $ 338,750 | $ 66,000 |
| Ottawa, Michigan | 4 | $ 1,087,000 | $ 271,750 | $ 127,000 |
| Westchester, New York | 4 | $ 2,209,000 | $ 552,250 | $ 257,000 |
| Alameda, California | 3 | $ 1,299,000 | $ 433,000 | $ 183,000 |
| Gwinnett, Georgia | 3 | $ 1,277,000 | $ 425,666 | $ 743,000 |
| Hudson, New Jersey | 3 | $ 1,267,000 | $ 422,333 | $ 148,000 |
| Union, New Jersey | 3 | $ 696,000 | $ 232,000 | $ 105,000 |
| Putnam, New York | 3 | $ 1,005,000 | $ 335,000 | $ 149,000 |
| Rockland, New York | 3 | $ 1,158,000 | $ 386,000 | $ 121,000 |
| New Hanover, North Carolina | 3 | $ 2,185,000 | $ 728,333 | $ 1,053,000 |
| Lamoille, Vermont | 3 | $ 970,000 | $ 323,333 | $ 165,000 |
| Pinal, Arizona | 2 | $ 345,000 | $ 172,500 | $ 60,000 |
| Butte, California | 2 | $ 377,000 | $ 188,500 | $ 111,000 |
| Stanislaus, California | 2 | $ 392,000 | $ 196,000 | $ 106,000 |
| Sussex, Delaware | 2 | $ 350,000 | $ 175,000 | $ 101,000 |
| Miami-Dade, Florida | 2 | $ 560,000 | $ 280,000 | $ 91,000 |
| Palm Beach, Florida | 2 | $ 574,000 | $ 287,000 | $ 108,000 |
| Cobb, Georgia | 2 | $ 423,000 | $ 211,500 | $ 95,000 |
| DeKalb, Georgia | 2 | $ 288,000 | $ 144,000 | $ 52,000 |
| Lake, Indiana | 2 | $ 555,000 | $ 277,500 | $ 100,000 |
| Jefferson, Louisiana | 2 | $ 325,000 | $ 162,500 | $ 90,000 |
| Baltimore, Maryland | 2 | $ 430,000 | $ 215,000 | $ 43,000 |
| Middlesex, Massachusetts | 2 | $ 604,000 | $ 302,000 | $ 132,000 |
| Norfolk, Massachusetts | 2 | $ 382,000 | $ 191,000 | $ 97,000 |
| Oakland, Michigan | 2 | $ 598,000 | $ 299,000 | $ 139,000 |
| Wayne, Michigan | 2 | $ 275,000 | $ 137,500 | $ 60,000 |
| Clark, Nevada | 2 | $ 742,000 | $ 371,000 | $ 110,000 |
| Camden, New Jersey | 2 | $ 2,000,000 | $ 1,000,000 | $ 2,290,000 |
| Gloucester, New Jersey | 2 | $ 359,000 | $ 179,500 | $ 92,000 |
| Passaic, New Jersey | 2 | $ 431,000 | $ 215,500 | $ 109,000 |
| Dutchess, New York | 2 | $ 438,000 | $ 219,000 | $ 61,000 |
| New York, New York | 2 | $ 1,123,000 | $ 561,500 | $ 186,000 |
| Suffolk, New York | 2 | $ 776,000 | $ 388,000 | $ 191,000 |
| Iredell, North Carolina | 2 | $ 1,094,000 | $ 547,000 | $ 180,000 |
| Mecklenburg, North Carolina | 2 | $ 1,376,000 | $ 688,000 | $ 173,000 |
| Moore, North Carolina | 2 | $ 959,000 | $ 479,500 | $ 232,000 |
| Oklahoma, Oklahoma | 2 | $ 241,000 | $ 120,500 | $ 63,000 |
| Washington, Oregon | 2 | $ 401,000 | $ 200,500 | $ 44,000 |
| Lancaster, Pennsylvania | 2 | $ 464,000 | $ 232,000 | $ 118,000 |
| Pickens, South Carolina | 2 | $ 138,000 | $ 69,000 | $ 19,000 |
| Richland, South Carolina | 2 | $ 144,000 | $ 72,000 | $ 65,000 |
| Virginia Beach, Virginia | 2 | $ 1,172,000 | $ 586,000 | $ 2,931,000 |
| Baldwin, Alabama | 1 | $ 192,000 | $ 192,000 | $ 114,000 |
| Cochise, Arizona | 1 | $ 42,000 | $ 42,000 | $ 17,000 |
| Yavapai, Arizona | 1 | $ 122,000 | $ 122,000 | $ 42,000 |
| Garland, Arkansas | 1 | $ 35,000 | $ 35,000 | $ 30,000 |
| Pulaski, Arkansas | 1 | $ 340,000 | $ 340,000 | $ 180,000 |
| Sharp, Arkansas | 1 | $ 100,000 | $ 100,000 | $ 35,000 |
| El Dorado, California | 1 | $ 417,000 | $ 417,000 | $ 125,000 |
| Imperial, California | 1 | $ 110,000 | $ 110,000 | $ 23,000 |
| Merced, California | 1 | $ 240,000 | $ 240,000 | $ 66,000 |
| Napa, California | 1 | $ 274,000 | $ 274,000 | $ 133,000 |
| San Luis Obispo, California | 1 | $ 417,000 | $ 417,000 | $ 82,000 |
| Santa Clara, California | 1 | $ 506,000 | $ 506,000 | $ 85,000 |
| Tulare, California | 1 | $ 288,000 | $ 288,000 | $ 88,000 |
| Adams, Colorado | 1 | $ 198,000 | $ 198,000 | $ 78,000 |
| Denver, Colorado | 1 | $ 241,000 | $ 241,000 | $ 74,000 |
| Eagle, Colorado | 1 | $ 405,000 | $ 405,000 | $ 179,000 |
| Garfield, Colorado | 1 | $ 252,000 | $ 252,000 | $ 79,000 |
| Jefferson, Colorado | 1 | $ 248,000 | $ 248,000 | $ 75,000 |
| Larimer, Colorado | 1 | $ 417,000 | $ 417,000 | $ 102,000 |
| Moffat, Colorado | 1 | $ 235,000 | $ 235,000 | $ 52,000 |
| New Haven, Connecticut | 1 | $ 204,000 | $ 204,000 | $ 104,000 |
| Alachua, Florida | 1 | $ 132,000 | $ 132,000 | $ 133,000 |
| Escambia, Florida | 1 | $ 97,000 | $ 97,000 | $ 114,000 |
| Hernando, Florida | 1 | $ 161,000 | $ 161,000 | $ 36,000 |
| Hillsborough, Florida | 1 | $ 300,000 | $ 300,000 | $ 0 |
| Lake, Florida | 1 | $ 140,000 | $ 140,000 | $ 28,000 |
| Lee, Florida | 1 | $ 171,000 | $ 171,000 | $ 41,000 |
| Manatee, Florida | 1 | $ 200,000 | $ 200,000 | $ 57,000 |
| Marion, Florida | 1 | $ 185,000 | $ 185,000 | $ 20,000 |
| Okaloosa, Florida | 1 | $ 240,000 | $ 240,000 | $ 225,000 |
| Osceola, Florida | 1 | $ 240,000 | $ 240,000 | $ 80,000 |
| St. Lucie, Florida | 1 | $ 350,000 | $ 350,000 | $ 64,000 |
| Douglas, Georgia | 1 | $ 228,000 | $ 228,000 | $ 65,000 |
| Forsyth, Georgia | 1 | $ 644,000 | $ 644,000 | $ 2,496,000 |
| Richmond, Georgia | 1 | $ 143,000 | $ 143,000 | $ 42,000 |
| Honolulu, Hawaii | 1 | $ 568,000 | $ 568,000 | $ 112,000 |
| Kauai, Hawaii | 1 | $ 405,000 | $ 405,000 | $ 191,000 |
| Maui, Hawaii | 1 | $ 1,000,000 | $ 1,000,000 | $ 850,000 |
| McHenry, Illinois | 1 | $ 207,000 | $ 207,000 | $ 68,000 |
| Tazewell, Illinois | 1 | $ 155,000 | $ 155,000 | $ 144,000 |
| Hamilton, Indiana | 1 | $ 212,000 | $ 212,000 | $ 65,000 |
| Hancock, Indiana | 1 | $ 157,000 | $ 157,000 | $ 66,000 |
| Jasper, Indiana | 1 | $ 308,000 | $ 308,000 | $ 120,000 |
| Porter, Indiana | 1 | $ 128,000 | $ 128,000 | $ 79,000 |
| Johnson, Kansas | 1 | $ 340,000 | $ 340,000 | $ 115,000 |
| Anderson, Kentucky | 1 | $ 123,000 | $ 123,000 | $ 26,000 |
| York, Maine | 1 | $ 417,000 | $ 417,000 | $ 154,000 |
| Montgomery, Maryland | 1 | $ 322,000 | $ 322,000 | $ 94,000 |
| Essex, Massachusetts | 1 | $ 135,000 | $ 135,000 | $ 35,000 |
| Hampden, Massachusetts | 1 | $ 144,000 | $ 144,000 | $ 72,000 |
| Nantucket, Massachusetts | 1 | $ 524,000 | $ 524,000 | $ 714,000 |
| Eaton, Michigan | 1 | $ 76,000 | $ 76,000 | $ 24,000 |
| Dakota, Minnesota | 1 | $ 415,000 | $ 415,000 | $ 43,000 |
| Lyon, Minnesota | 1 | $ 80,000 | $ 80,000 | $ 170,000 |
| Washington, Minnesota | 1 | $ 107,000 | $ 107,000 | $ 99,000 |
| Hancock, Mississippi | 1 | $ 125,000 | $ 125,000 | $ 36,000 |
| Neshoba, Mississippi | 1 | $ 32,000 | $ 32,000 | $ 39,000 |
| St. Francois, Missouri | 1 | $ 292,000 | $ 292,000 | $ 80,000 |
| St. Louis, Missouri | 1 | $ 55,000 | $ 55,000 | $ 52,000 |
| Essex, New Jersey | 1 | $ 225,000 | $ 225,000 | $ 67,000 |
| Middlesex, New Jersey | 1 | $ 284,000 | $ 284,000 | $ 137,000 |
| Morris, New Jersey | 1 | $ 280,000 | $ 280,000 | $ 98,000 |
| Kings, New York | 1 | $ 417,000 | $ 417,000 | $ 175,000 |
| Monroe, New York | 1 | $ 120,000 | $ 120,000 | $ 32,000 |
| Nassau, New York | 1 | $ 308,000 | $ 308,000 | $ 111,000 |
| Orange, New York | 1 | $ 158,000 | $ 158,000 | $ 98,000 |
| Saratoga, New York | 1 | $ 100,000 | $ 100,000 | $ 29,000 |
| Schenectady, New York | 1 | $ 62,000 | $ 62,000 | $ 55,000 |
| Sullivan, New York | 1 | $ 125,000 | $ 125,000 | $ 41,000 |
| Brunswick, North Carolina | 1 | $ 603,000 | $ 603,000 | $ 480,000 |
| Buncombe, North Carolina | 1 | $ 1,462,000 | $ 1,462,000 | $ 5,713,000 |
| Cabarrus, North Carolina | 1 | $ 551,000 | $ 551,000 | $ 349,000 |
| Currituck, North Carolina | 1 | $ 519,000 | $ 519,000 | $ 148,000 |
| Durham, North Carolina | 1 | $ 119,000 | $ 119,000 | $ 30,000 |
| Guilford, North Carolina | 1 | $ 976,000 | $ 976,000 | $ 366,000 |
| Henderson, North Carolina | 1 | $ 544,000 | $ 544,000 | $ 2,100,000 |
| Orange, North Carolina | 1 | $ 605,000 | $ 605,000 | $ 4,054,000 |
| Person, North Carolina | 1 | $ 77,000 | $ 77,000 | $ 39,000 |
| Cuyahoga, Ohio | 1 | $ 1,200,000 | $ 1,200,000 | $ 400,000 |
| Lucas, Ohio | 1 | $ 144,000 | $ 144,000 | $ 224,000 |
| Rogers, Oklahoma | 1 | $ 375,000 | $ 375,000 | $ 121,000 |
| Allegheny, Pennsylvania | 1 | $ 35,000 | $ 35,000 | $ 70,000 |
| Bucks, Pennsylvania | 1 | $ 272,000 | $ 272,000 | $ 110,000 |
| Chester, Pennsylvania | 1 | $ 248,000 | $ 248,000 | $ 245,000 |
| Cumberland, Pennsylvania | 1 | $ 375,000 | $ 375,000 | $ 136,000 |
| Delaware, Pennsylvania | 1 | $ 417,000 | $ 417,000 | $ 225,000 |
| Lehigh, Pennsylvania | 1 | $ 351,000 | $ 351,000 | $ 103,000 |
| Philadelphia, Pennsylvania | 1 | $ 314,000 | $ 314,000 | $ 75,000 |
| Greenville, South Carolina | 1 | $ 145,000 | $ 145,000 | $ 72,000 |
| Horry, South Carolina | 1 | $ 430,000 | $ 430,000 | $ 144,000 |
| Giles, Tennessee | 1 | $ 88,000 | $ 88,000 | $ 32,000 |
| Denton, Texas | 1 | $ 125,000 | $ 125,000 | $ 67,000 |
| Potter, Texas | 1 | $ 82,000 | $ 82,000 | $ 61,000 |
| Rains, Texas | 1 | $ 46,000 | $ 46,000 | $ 22,000 |
| Addison, Vermont | 1 | $ 417,000 | $ 417,000 | $ 157,000 |
| Bennington, Vermont | 1 | $ 1,045,000 | $ 1,045,000 | $ 6,087,000 |
| Arlington, Virginia | 1 | $ 290,000 | $ 290,000 | $ 179,000 |
| Chesapeake, Virginia | 1 | $ 347,000 | $ 347,000 | $ 241,000 |
| Chesterfield, Virginia | 1 | $ 178,000 | $ 178,000 | $ 51,000 |
| Fairfax, Virginia | 1 | $ 84,000 | $ 84,000 | $ 47,000 |
| New Kent, Virginia | 1 | $ 175,000 | $ 175,000 | $ 108,000 |
| Prince William, Virginia | 1 | $ 290,000 | $ 290,000 | $ 102,000 |
| Pierce, Washington | 1 | $ 382,000 | $ 382,000 | $ 72,000 |
| Snohomish, Washington | 1 | $ 375,000 | $ 375,000 | $ 120,000 |
| Spokane, Washington | 1 | $ 278,000 | $ 278,000 | $ 63,000 |
| Thurston, Washington | 1 | $ 417,000 | $ 417,000 | $ 93,000 |
| Putnam, West Virginia | 1 | $ 160,000 | $ 160,000 | $ 81,000 |
| Ozaukee, Wisconsin | 1 | $ 125,000 | $ 125,000 | $ 36,000 |
Mortgage Loan Application Detail Totals for Aig Federal Savings Bank in 2008
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 | 222 | $55,034,000 | $247,000 | $1,300,000 | $143,000 | $3,536,000 |
| Refinancing | 222 | $70,227,000 | $316,000 | $1,462,000 | $275,000 | $9,999,000 |
| 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 | 179 | $48,641,000 | $271,000 | $1,295,000 | $112,000 | $850,000 |
| Not applicable | 171 | $50,628,000 | $296,000 | $1,462,000 | $374,000 | $9,999,000 |
| Not Provided | 41 | $10,777,000 | $262,000 | $860,000 | $97,000 | $336,000 |
| Black or African American | 22 | $5,341,000 | $242,000 | $723,000 | $66,000 | $293,000 |
| Hispanic | 13 | $3,988,000 | $306,000 | $930,000 | $90,000 | $225,000 |
| Asian | 12 | $4,381,000 | $365,000 | $612,000 | $142,000 | $279,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $1,505,000 | $250,000 | $568,000 | $109,000 | $140,000 |
| American Indian or Alaskan Native | 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) | 421 | $121,084,000 | $287,000 | $1,462,000 | $218,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) | 22 | $3,949,000 | $179,000 | $228,000 | $43,000 | $59,000 |
| VA-guaranteed (Veterans Administration) | 1 | $228,000 | $228,000 | $228,000 | $50,000 | $50,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 Purchased By The Institution | 171 | $50,628,000 | $296,000 | $1,462,000 | $374,000 | $9,999,000 |
| Application Denied By Financial Institution | 89 | $30,222,000 | $339,000 | $1,295,000 | $106,000 | $850,000 |
| Loan Originated | 79 | $16,575,000 | $209,000 | $580,000 | $97,000 | $275,000 |
| File Closed For Incompleteness | 59 | $15,071,000 | $255,000 | $807,000 | $107,000 | $305,000 |
| Application Withdrawn By Applicant | 25 | $6,365,000 | $254,000 | $500,000 | $133,000 | $577,000 |
| Application Approved But Not Accepted | 21 | $6,400,000 | $304,000 | $791,000 | $110,000 | $306,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 34 | $11,563,000 | $340,000 | $860,000 | $69,000 | $218,000 |
| Credit History | 22 | $7,441,000 | $338,000 | $1,200,000 | $102,000 | $400,000 |
| Collateral | 18 | $6,456,000 | $358,000 | $1,295,000 | $116,000 | $336,000 |
| Other | 15 | $4,762,000 | $317,000 | $1,000,000 | $183,000 | $850,000 |
| Unverifiable Information | 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 Aig Federal Savings Bank's 2008 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.
For a list of all lenders in Delaware, download the full spreadsheet
with aggregated HMDA statistics today.
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