Aig Federal Savings Bank Mortgage Lending & HMDA Data, 2012
In 2012, Aig Federal Savings Bank of Wilmington, DE reported 134 mortgage applications totaling $46.5 million, down 70% from 2011. The average application was for $346,828, and applicants reported an average income of $231,641. 0% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Wilmington, DE-MD-NJ (91), Philadelphia, PA (16) and Trenton-Ewing, NJ (6) (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 | 2012 2011 |
| Total Number of Mortgage Applications | 134 |
| Total Mortgage Loan Application Amount | $46,475,000 |
| Average Mortgage Loan Application Amount | $346,828 |
| Highest Mortgage Loan Application Amount | $1,389,000 |
| Average Applicant Income | $231,641 |
| Highest Applicant Income | $7,504,000 |
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(HMDA) records Aig Federal Savings Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 70 | $ 13,512,000 | $ 193,028 | $ 75,000 |
| Cecil, Maryland | 14 | $ 2,046,000 | $ 146,142 | $ 67,000 |
| Salem, New Jersey | 7 | $ 990,000 | $ 141,428 | $ 67,000 |
| Mercer, New Jersey | 6 | $ 3,760,000 | $ 626,666 | $ 361,000 |
| Essex, New Jersey | 4 | $ 2,940,000 | $ 735,000 | $ 421,000 |
| Bucks, Pennsylvania | 4 | $ 2,489,000 | $ 622,250 | $ 308,000 |
| Philadelphia, Pennsylvania | 4 | $ 2,824,000 | $ 706,000 | $ 419,000 |
| Delaware, Pennsylvania | 3 | $ 1,942,000 | $ 647,333 | $ 222,000 |
| Montgomery, Pennsylvania | 3 | $ 2,142,000 | $ 714,000 | $ 443,000 |
| Chester, Pennsylvania | 2 | $ 1,130,000 | $ 565,000 | $ 180,000 |
| Maricopa, Arizona | 1 | $ 580,000 | $ 580,000 | $ 317,000 |
| Los Angeles, California | 1 | $ 1,000,000 | $ 1,000,000 | $ 332,000 |
| Fairfield, Connecticut | 1 | $ 478,000 | $ 478,000 | $ 325,000 |
| Middlesex, Connecticut | 1 | $ 525,000 | $ 525,000 | $ 162,000 |
| Essex, Massachusetts | 1 | $ 550,000 | $ 550,000 | $ 213,000 |
| Atlantic, New Jersey | 1 | $ 994,000 | $ 994,000 | $ 388,000 |
| Camden, New Jersey | 1 | $ 549,000 | $ 549,000 | $ 485,000 |
| Gloucester, New Jersey | 1 | $ 451,000 | $ 451,000 | $ 215,000 |
| Monmouth, New Jersey | 1 | $ 972,000 | $ 972,000 | $ 516,000 |
| Somerset, New Jersey | 1 | $ 1,389,000 | $ 1,389,000 | $ 430,000 |
| New York, New York | 1 | $ 444,000 | $ 444,000 | $ 1,163,000 |
| Allegheny, Pennsylvania | 1 | $ 1,350,000 | $ 1,350,000 | $ 7,504,000 |
| Lehigh, Pennsylvania | 1 | $ 482,000 | $ 482,000 | $ 212,000 |
| Grayson, Texas | 1 | $ 446,000 | $ 446,000 | $ 684,000 |
| Travis, Texas | 1 | $ 628,000 | $ 628,000 | $ 571,000 |
| Fairfax, Virginia | 1 | $ 588,000 | $ 588,000 | $ 145,000 |
| King, Washington | 1 | $ 1,274,000 | $ 1,274,000 | $ 1,626,000 |
Mortgage Loan Application Detail Totals for Aig Federal Savings Bank in 2012
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 | 71 | $26,313,000 | $370,000 | $1,389,000 | $226,000 | $1,626,000 |
| Home Purchase | 63 | $20,162,000 | $320,000 | $1,350,000 | $238,000 | $7,504,000 |
| 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 | 97 | $31,153,000 | $321,000 | $1,274,000 | $174,000 | $1,626,000 |
| Not Provided | 21 | $7,501,000 | $357,000 | $1,389,000 | $190,000 | $684,000 |
| Asian | 8 | $5,421,000 | $677,000 | $1,000,000 | $286,000 | $551,000 |
| Black or African American | 6 | $2,089,000 | $348,000 | $1,350,000 | $1,295,000 | $7,504,000 |
| Hispanic | 1 | $199,000 | $199,000 | $199,000 | $58,000 | $58,000 |
| American Indian or Alaskan Native | 1 | $112,000 | $112,000 | $112,000 | $22,000 | $22,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 104 | $41,588,000 | $399,000 | $1,389,000 | $285,000 | $7,504,000 |
| FHA-insured (Federal Housing Administration) | 29 | $4,649,000 | $160,000 | $250,000 | $48,000 | $103,000 |
| VA-guaranteed (Veterans Administration) | 1 | $238,000 | $238,000 | $238,000 | $46,000 | $46,000 |
| 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 | 134 | $46,475,000 | $346,000 | $1,389,000 | $232,000 | $7,504,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Denied By Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Originated | 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Aig Federal Savings Bank's 2012 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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