Associated Mortgage Co, Inc Mortgage Lending & HMDA Data, 2004

In 2004, Associated Mortgage Co, Inc of Depere, WI reported 14,119 mortgage applications totaling $1.7 billion, down 67% from 2003. The average application was for $119,558, and applicants reported an average income of $71,600. 45% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Milwaukee-Waukesha-West Allis, WI (1,419), Green Bay, WI (1,190) and Appleton, WI (944) (applications in parentheses).

Mortgage Company & Address Associated Mortgage Co, Inc
301 N Broadway St
Depere, WI 54115
Tel #: available with data download
Federal Regulator * available with data download
Years 2004  2003  
Total Number of Mortgage Applications 14,119
Total Mortgage Loan Application Amount $1,688,052,000
Average Mortgage Loan Application Amount $119,558
Highest Mortgage Loan Application Amount $1,540,000
Average Applicant Income $71,600
Highest Applicant Income $9,999,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Associated Mortgage Co, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Associated Mortgage Co, Inc in 2004

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 9,521 $1,128,555,000 $128,090 $1,540,000 $108,181 $9,999,000
Home Purchase 4,560 $555,867,000 $127,083 $731,000 $75,333 $1,760,000
Home Improvement 38 $3,630,000 $93,200 $334,000 $49,800 $461,000

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 13,549 $1,626,853,000 $124,714 $1,540,000 $78,785 $1,760,000
Black or African American 201 $20,104,000 $158,666 $355,000 $83,333 $432,000
Hispanic 201 $20,498,000 $112,800 $300,000 $47,600 $158,000
Asian 110 $13,583,000 $128,600 $300,000 $65,200 $350,000
American Indian or Alaskan Native 34 $3,646,000 $112,400 $228,000 $103,600 $292,000
Native Hawaiian or Other Pacific Islander 10 $1,258,000 $131,000 $245,000 $58,000 $99,000
Not Provided 9 $1,093,000 $140,750 $230,000 $46,250 $115,000
Not applicable 5 $1,017,000 $186,000 $237,000 $1,781,500 $9,999,000

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) 13,775 $1,655,211,000 $125,615 $1,540,000 $87,769 $9,999,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 242 $21,040,000 $77,200 $180,000 $33,400 $93,000
VA-guaranteed (Veterans Administration) 86 $10,202,000 $119,000 $284,000 $51,800 $106,000
FHA-insured (Federal Housing Administration) 16 $1,599,000 $102,000 $178,000 $35,333 $67,000

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 6,339 $781,040,000 $144,125 $991,000 $121,250 $9,999,000
Loan Purchased By The Institution 5,843 $670,038,000 $123,636 $731,000 $97,090 $1,490,000
Application Denied By Financial Institution 568 $69,736,000 $109,625 $1,540,000 $59,625 $1,585,000
Preapproval Approved but not Accepted 528 $68,543,000 $129,000 $355,000 $55,000 $246,000
Application Approved But Not Accepted 360 $42,527,000 $105,428 $645,000 $68,714 $910,000
Preapproval Denied by Financial Institution 265 $29,932,000 $112,000 $705,000 $43,000 $452,000
Application Withdrawn By Applicant 216 $26,236,000 $134,000 $1,435,000 $75,000 $572,000
File Closed For Incompleteness 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 428 $42,862,000 $85,571 $416,000 $46,857 $293,000
Debt-To-Income Ratio 118 $14,149,000 $99,000 $949,000 $44,666 $301,000
Credit Application Incomplete 109 $19,664,000 $189,750 $1,540,000 $83,750 $452,000
Other 100 $12,479,000 $99,142 $733,000 $51,142 $1,585,000
Collateral 61 $8,191,000 $144,142 $650,000 $88,857 $353,000
Unverifiable Information 7 $890,000 $105,000 $238,000 $25,000 $73,000
Insufficient Cash (Downpayment, Closing Cost) 6 $769,000 $149,750 $334,000 $50,000 $100,000
Employment History 4 $664,000 $167,333 $260,000 $27,000 $54,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Associated Mortgage Co, Inc's 2004 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 Associated Mortgage Co, Inc'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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