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(HMDA) records Aig Federal Savings Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Wilmington, DE-MD-NJ | 118 | $ 21,723,000 | $ 184,093 | $ 51,644 |
| New York-White Plains-Wayne, NY-NJ | 40 | $ 13,376,000 | $ 334,400 | $ 132,075 |
| Phoenix-Mesa-Scottsdale, AZ | 22 | $ 4,718,000 | $ 214,454 | $ 109,000 |
| Atlanta-Sandy Springs-Marietta, GA | 20 | $ 7,002,000 | $ 350,100 | $ 132,000 |
| Los Angeles-Long Beach-Glendale, CA | 20 | $ 9,779,000 | $ 488,950 | $ 156,000 |
| Riverside-San Bernardino-Ontario, CA | 17 | $ 5,096,000 | $ 299,764 | $ 132,000 |
| Houston-Sugar Land-Baytown, TX | 13 | $ 2,093,000 | $ 161,000 | $ 125,000 |
| Tucson, AZ | 13 | $ 2,362,000 | $ 181,692 | $ 81,000 |
| Edison, NJ | 8 | $ 2,840,000 | $ 355,000 | $ 112,000 |
| Nassau-Suffolk, NY | 8 | $ 6,902,000 | $ 862,750 | $ 382,000 |
| Bridgeport-Stamford-Norwalk, CT | 7 | $ 3,000,000 | $ 428,571 | $ 166,000 |
| Chicago-Naperville-Joliet, IL | 7 | $ 1,659,000 | $ 237,000 | $ 112,000 |
| Bakersfield, CA | 6 | $ 1,150,000 | $ 191,666 | $ 79,000 |
| Newark-Union, NJ-PA | 6 | $ 2,059,000 | $ 343,166 | $ 110,000 |
| Philadelphia, PA | 6 | $ 2,669,000 | $ 444,833 | $ 212,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 6 | $ 2,659,000 | $ 443,166 | $ 107,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 6 | $ 2,453,000 | $ 408,833 | $ 138,000 |
| Charlotte-Gastonia-Concord, NC-SC | 5 | $ 447,000 | $ 89,400 | $ 144,000 |
| Indianapolis-Carmel, IN | 5 | $ 1,307,000 | $ 261,400 | $ 149,000 |
| Merced, CA | 5 | $ 842,000 | $ 168,400 | $ 154,000 |
| Oakland-Fremont-Hayward, CA | 5 | $ 2,112,000 | $ 422,400 | $ 139,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 5 | $ 2,060,000 | $ 412,000 | $ 143,000 |
| Wilmington, NC | 5 | $ 1,650,000 | $ 330,000 | $ 109,000 |
| Camden, NJ | 4 | $ 433,000 | $ 108,250 | $ 64,000 |
| Dallas-Plano-Irving, TX | 4 | $ 918,000 | $ 229,500 | $ 123,000 |
| Denver-Aurora, CO | 4 | $ 775,000 | $ 193,750 | $ 140,000 |
| New Orleans-Metairie-Kenner, LA | 4 | $ 2,063,000 | $ 515,750 | $ 218,000 |
| Orlando-Kissimmee, FL | 4 | $ 2,419,000 | $ 604,750 | $ 99,000 |
| Santa Ana-Anaheim-Irvine, CA | 4 | $ 1,800,000 | $ 450,000 | $ 170,000 |
| Warren-Troy-Farmington Hills, MI | 4 | $ 1,113,000 | $ 278,250 | $ 63,000 |
| Bethesda-Gaithersburg-Frederick, MD | 3 | $ 1,192,000 | $ 397,333 | $ 108,000 |
| Boston-Quincy, MA | 3 | $ 552,000 | $ 184,000 | $ 57,000 |
| Cincinnati-Middletown, OH-KY-IN | 3 | $ 498,000 | $ 166,000 | $ 79,666 |
| Detroit-Livonia-Dearborn, MI | 3 | $ 698,000 | $ 232,666 | $ 79,000 |
| Fort Worth-Arlington, TX | 3 | $ 332,000 | $ 110,666 | $ 62,000 |
| Jackson, MS | 3 | $ 400,000 | $ 133,333 | $ 72,000 |
| San Diego-Carlsbad-San Marcos, CA | 3 | $ 1,254,000 | $ 418,000 | $ 129,000 |
| St. Louis, MO-IL | 3 | $ 1,055,000 | $ 351,666 | $ 115,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 2 | $ 819,000 | $ 409,500 | $ 161,000 |
| Buffalo-Niagara Falls, NY | 2 | $ 322,000 | $ 161,000 | $ 163,000 |
| Chico, CA | 2 | $ 325,000 | $ 162,500 | $ 82,000 |
| Fort Collins-Loveland, CO | 2 | $ 813,000 | $ 406,500 | $ 94,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 517,000 | $ 258,500 | $ 83,000 |
| Jacksonville, FL | 2 | $ 501,000 | $ 250,500 | $ 346,000 |
| Kansas City, MO-KS | 2 | $ 269,000 | $ 134,500 | $ 103,000 |
| Knoxville, TN | 2 | $ 147,000 | $ 73,500 | $ 97,000 |
| Lynchburg, VA | 2 | $ 256,000 | $ 128,000 | $ 90,000 |
| Miami-Miami Beach-Kendall, FL | 2 | $ 454,000 | $ 227,000 | $ 221,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 2 | $ 313,000 | $ 156,500 | $ 59,000 |
| Ocala, FL | 2 | $ 508,000 | $ 254,000 | $ 58,000 |
| Providence-New Bedford-Fall River, RI-MA | 2 | $ 851,000 | $ 425,500 | $ 131,000 |
| Raleigh-Cary, NC | 2 | $ 515,000 | $ 257,500 | $ 115,000 |
| Richmond, VA | 2 | $ 550,000 | $ 275,000 | $ 207,000 |
| York-Hanover, PA | 2 | $ 450,000 | $ 225,000 | $ 105,000 |
| Altoona, PA | 1 | $ 224,000 | $ 224,000 | $ 18,000 |
| Barnstable Town, MA | 1 | $ 318,000 | $ 318,000 | $ 95,000 |
| Bremerton-Silverdale, WA | 1 | $ 347,000 | $ 347,000 | $ 75,000 |
| Cambridge-Newton-Framingham, MA | 1 | $ 250,000 | $ 250,000 | $ 99,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 362,000 | $ 362,000 | $ 472,000 |
| Charleston, WV | 1 | $ 50,000 | $ 50,000 | $ 38,000 |
| Charleston-North Charleston, SC | 1 | $ 351,000 | $ 351,000 | $ 165,000 |
| Charlottesville, VA | 1 | $ 728,000 | $ 728,000 | $ 206,000 |
| Cleveland-Elyria-Mentor, OH | 1 | $ 148,000 | $ 148,000 | $ 60,000 |
| Dayton, OH | 1 | $ 157,000 | $ 157,000 | $ 68,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 180,000 | $ 180,000 | $ 29,000 |
| Fort Walton Beach-Crestview-Destin, FL | 1 | $ 320,000 | $ 320,000 | $ 171,000 |
| Fresno, CA | 1 | $ 508,000 | $ 508,000 | $ 228,000 |
| Greeley, CO | 1 | $ 140,000 | $ 140,000 | $ 58,000 |
| Greenville, NC | 1 | $ 77,000 | $ 77,000 | $ 44,000 |
| Houma-Bayou Cane-Thibodaux, LA | 1 | $ 232,000 | $ 232,000 | $ 150,000 |
| Huntsville, AL | 1 | $ 232,000 | $ 232,000 | $ 105,000 |
| Kokomo, IN | 1 | $ 94,000 | $ 94,000 | $ 71,000 |
| Lake Havasu City-Kingman, AZ | 1 | $ 396,000 | $ 396,000 | $ 636,000 |
| Laredo, TX | 1 | $ 119,000 | $ 119,000 | $ 62,000 |
| Las Cruces, NM | 1 | $ 537,000 | $ 537,000 | $ 168,000 |
| Las Vegas-Paradise, NV | 1 | $ 750,000 | $ 750,000 | $ 300,000 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 198,000 | $ 198,000 | $ 87,000 |
| Naples-Marco Island, FL | 1 | $ 100,000 | $ 100,000 | $ 98,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 164,000 | $ 164,000 | $ 180,000 |
| New Haven-Milford, CT | 1 | $ 235,000 | $ 235,000 | $ 85,000 |
| Ocean City, NJ | 1 | $ 335,000 | $ 335,000 | $ 62,000 |
| Oklahoma City, OK | 1 | $ 209,000 | $ 209,000 | $ 69,000 |
| Omaha-Council Bluffs, NE-IA | 1 | $ 153,000 | $ 153,000 | $ 40,000 |
| Pittsburgh, PA | 1 | $ 150,000 | $ 150,000 | $ 36,000 |
| Salt Lake City, UT | 1 | $ 390,000 | $ 390,000 | $ 132,000 |
| San Francisco-San Mateo-Redwood City, CA | 1 | $ 714,000 | $ 714,000 | $ 157,000 |
| San Luis Obispo-Paso Robles, CA | 1 | $ 417,000 | $ 417,000 | $ 247,000 |
| Sarasota-Bradenton-Venice, FL | 1 | $ 305,000 | $ 305,000 | $ 48,000 |
| St. George, UT | 1 | $ 328,000 | $ 328,000 | $ 448,000 |
| Stockton, CA | 1 | $ 283,000 | $ 283,000 | $ 86,000 |
| Trenton-Ewing, NJ | 1 | $ 259,000 | $ 259,000 | $ 105,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 216,000 | $ 216,000 | $ 94,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 1 | $ 301,000 | $ 301,000 | $ 258,000 |
| Wichita, KS | 1 | $ 334,000 | $ 334,000 | $ 357,000 |
| Worcester, MA | 1 | $ 346,000 | $ 346,000 | $ 98,000 |
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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