B&W Federal Credit Union Mortgage Lending & HMDA Data, 2004
In 2004, B&W Federal Credit Union of Louisville, KY reported 61 mortgage applications totaling $5.1 million, down 37% from 2003. The average application was for $83,377, and applicants reported an average income of $73,836. 97% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Macon, GA (24), Louisville, KY-IN (13) and Warner Robins, GA (6) (applications in parentheses).
| Mortgage Company & Address | B&W Federal Credit Union Po Box 18630 Louisville, KY 40261 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2005 2004 2003 |
| Total Number of Mortgage Applications | 61 |
| Total Mortgage Loan Application Amount | $5,086,000 |
| Average Mortgage Loan Application Amount | $83,377 |
| Highest Mortgage Loan Application Amount | $375,000 |
| Average Applicant Income | $73,836 |
| Highest Applicant Income | $250,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records B&W Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Macon, GA | 24 | $ 1,624,000 | $ 67,666 | $ 62,000 |
| Louisville, KY-IN | 13 | $ 900,000 | $ 69,230 | $ 82,000 |
| Warner Robins, GA | 6 | $ 457,000 | $ 76,166 | $ 66,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 2 | $ 361,000 | $ 180,500 | $ 142,000 |
| Altoona, PA | 1 | $ 10,000 | $ 10,000 | $ 36,000 |
| Atlanta-Sandy Springs-Marietta, GA | 1 | $ 61,000 | $ 61,000 | $ 53,000 |
| Chicago-Naperville-Joliet, IL | 1 | $ 285,000 | $ 285,000 | $ 95,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 375,000 | $ 375,000 | $ 250,000 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 173,000 | $ 173,000 | $ 90,000 |
Mortgage Loan Application Detail Totals for B&W Federal Credit Union 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 | 45 | $3,017,000 | $47,600 | $196,000 | $66,800 | $129,000 |
| Home Purchase | 9 | $1,903,000 | $201,833 | $375,000 | $102,333 | $250,000 |
| Home Improvement | 7 | $166,000 | $22,000 | $65,000 | $68,333 | $103,000 |
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 | 51 | $3,903,000 | $88,000 | $285,000 | $72,166 | $129,000 |
| Black or African American | 6 | $283,000 | $43,000 | $99,000 | $69,500 | $90,000 |
| Hispanic | 2 | $717,000 | $358,000 | $375,000 | $235,000 | $250,000 |
| Not Provided | 1 | $10,000 | $10,000 | $10,000 | $36,000 | $36,000 |
| Asian | 1 | $173,000 | $173,000 | $173,000 | $90,000 | $90,000 |
| 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) | 61 | $5,086,000 | $116,000 | $375,000 | $83,875 | $250,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 59 | $4,834,000 | $114,625 | $375,000 | $84,625 | $250,000 |
| Application Approved But Not Accepted | 1 | $52,000 | $52,000 | $52,000 | $58,000 | $58,000 |
| Application Withdrawn By Applicant | 1 | $200,000 | $200,000 | $200,000 | $74,000 | $74,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Denied By Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 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 B&W Federal Credit Union'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 B&W Federal Credit Union'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 Kentucky, download the full spreadsheet
with aggregated HMDA statistics today.
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