American Foundations Mortgageb Mortgage Lending & HMDA Data, 2010
In 2010, American Foundations Mortgageb of Brookfield, WI reported 276 mortgage applications totaling $69.7 million, down 38% from 2009. The average application was for $252,358, and applicants reported an average income of $112,065. 1% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Chicago-Joliet-Naperville, IL (94), Milwaukee-Waukesha-West Allis, WI (92) and Cambridge-Newton-Framingham, MA (48) (applications in parentheses).
| Mortgage Company & Address | American Foundations Mortgageb 611 North Barker Road, Ste. 200 Brookfield, WI 53045 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 |
| Total Number of Mortgage Applications | 276 |
| Total Mortgage Loan Application Amount | $69,651,000 |
| Average Mortgage Loan Application Amount | $252,358 |
| Highest Mortgage Loan Application Amount | $1,071,000 |
| Average Applicant Income | $112,065 |
| Highest Applicant Income | $717,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records American Foundations Mortgageb filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Chicago-Joliet-Naperville, IL | 94 | $ 20,530,000 | $ 218,404 | $ 89,000 |
| Milwaukee-Waukesha-West Allis, WI | 92 | $ 20,554,000 | $ 223,413 | $ 119,000 |
| Cambridge-Newton-Framingham, MA | 48 | $ 15,528,000 | $ 323,500 | $ 131,000 |
| Boston-Quincy, MA | 15 | $ 4,770,000 | $ 318,000 | $ 100,000 |
| Lake County-Kenosha County, IL-WI | 12 | $ 3,887,000 | $ 323,916 | $ 125,000 |
| Peabody, MA | 5 | $ 1,563,000 | $ 312,600 | $ 135,000 |
| Barnstable Town, MA | 4 | $ 1,522,000 | $ 380,500 | $ 226,000 |
| Racine, WI | 2 | $ 603,000 | $ 301,500 | $ 175,000 |
| Janesville, WI | 1 | $ 143,000 | $ 143,000 | $ 50,000 |
| Rockford, IL | 1 | $ 116,000 | $ 116,000 | $ 52,000 |
| Springfield, MA | 1 | $ 215,000 | $ 215,000 | $ 78,000 |
| Worcester, MA | 1 | $ 220,000 | $ 220,000 | $ 54,000 |
Mortgage Loan Application Detail Totals for American Foundations Mortgageb in 2010
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 | 183 | $49,410,000 | $270,000 | $796,000 | $124,000 | $717,000 |
| Home Purchase | 92 | $19,884,000 | $216,000 | $1,071,000 | $88,000 | $432,000 |
| Home Improvement | 1 | $357,000 | $357,000 | $357,000 | $142,000 | $142,000 |
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 | 232 | $60,993,000 | $262,000 | $1,071,000 | $116,000 | $717,000 |
| Hispanic | 24 | $3,718,000 | $154,000 | $417,000 | $67,000 | $257,000 |
| Black or African American | 11 | $1,780,000 | $161,000 | $254,000 | $68,000 | $158,000 |
| Asian | 5 | $1,941,000 | $388,000 | $624,000 | $126,000 | $209,000 |
| Not Provided | 4 | $1,219,000 | $304,000 | $370,000 | $241,000 | $500,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 205 | $56,021,000 | $273,000 | $1,071,000 | $129,000 | $717,000 |
| FHA-insured (Federal Housing Administration) | 66 | $12,867,000 | $194,000 | $536,000 | $63,000 | $191,000 |
| VA-guaranteed (Veterans Administration) | 5 | $763,000 | $152,000 | $204,000 | $45,000 | $68,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 203 | $51,927,000 | $255,000 | $1,071,000 | $106,000 | $500,000 |
| Application Denied By Financial Institution | 45 | $10,950,000 | $243,000 | $796,000 | $110,000 | $340,000 |
| Loan Purchased By The Institution | 13 | $3,487,000 | $268,000 | $413,000 | $225,000 | $717,000 |
| File Closed For Incompleteness | 8 | $1,409,000 | $176,000 | $308,000 | $54,000 | $116,000 |
| Application Approved But Not Accepted | 5 | $1,159,000 | $231,000 | $417,000 | $138,000 | $213,000 |
| Loan Originated | 2 | $719,000 | $359,000 | $396,000 | $194,000 | $277,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 16 | $4,788,000 | $299,000 | $645,000 | $150,000 | $340,000 |
| Credit History | 8 | $1,456,000 | $182,000 | $260,000 | $72,000 | $115,000 |
| Debt-To-Income Ratio | 7 | $1,646,000 | $235,000 | $536,000 | $75,000 | $179,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $758,000 | $189,000 | $381,000 | $38,000 | $72,000 |
| Other | 4 | $1,514,000 | $378,000 | $796,000 | $183,000 | $224,000 |
| Unverifiable Information | 3 | $417,000 | $139,000 | $161,000 | $36,000 | $52,000 |
| Mortgage Insurance Denied | 1 | $75,000 | $75,000 | $75,000 | $34,000 | $34,000 |
| Credit Application Incomplete | 1 | $200,000 | $200,000 | $200,000 | $158,000 | $158,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into American Foundations Mortgageb's 2010 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 American Foundations Mortgageb'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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