Bank Mutual Mortgage Lending & HMDA Data, 2005
In 2005, Bank Mutual of Milwaukee, WI reported 4,364 mortgage applications totaling $642.7 million, down 15% from 2004. The average application was for $147,263, and applicants reported an average income of $62,412. 78% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Milwaukee-Waukesha-West Allis, WI (1,539), Green Bay, WI (449) and Eau Claire, WI (373) (applications in parentheses).
| Mortgage Company & Address | Bank Mutual 4949 W Brown Deer Road Milwaukee, WI 53224 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 | 4,364 |
| Total Mortgage Loan Application Amount | $642,658,000 |
| Average Mortgage Loan Application Amount | $147,263 |
| Highest Mortgage Loan Application Amount | $12,700,000 |
| Average Applicant Income | $62,412 |
| Highest Applicant Income | $1,653,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bank Mutual filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Milwaukee, Wisconsin | 746 | $ 123,998,000 | $ 166,217 | $ 65,000 |
| Waukesha, Wisconsin | 574 | $ 146,520,000 | $ 255,261 | $ 85,000 |
| Brown, Wisconsin | 409 | $ 45,868,000 | $ 112,146 | $ 48,000 |
| Eau Claire, Wisconsin | 226 | $ 23,691,000 | $ 104,827 | $ 72,000 |
| Marinette, Wisconsin | 206 | $ 15,775,000 | $ 76,577 | $ 72,000 |
| Chippewa, Wisconsin | 147 | $ 13,310,000 | $ 90,544 | $ 42,000 |
| Washington, Wisconsin | 129 | $ 27,592,000 | $ 213,891 | $ 54,000 |
| Pierce, Wisconsin | 117 | $ 11,860,000 | $ 101,367 | $ 58,000 |
| Ozaukee, Wisconsin | 90 | $ 22,479,000 | $ 249,766 | $ 92,000 |
| Dane, Wisconsin | 89 | $ 13,978,000 | $ 157,056 | $ 63,000 |
| Shawano, Wisconsin | 83 | $ 6,640,000 | $ 80,000 | $ 54,000 |
| Barron, Wisconsin | 78 | $ 5,482,000 | $ 70,282 | $ 53,000 |
| Racine, Wisconsin | 77 | $ 13,615,000 | $ 176,818 | $ 76,000 |
| Dunn, Wisconsin | 73 | $ 8,872,000 | $ 121,534 | $ 75,000 |
| Outagamie, Wisconsin | 70 | $ 7,530,000 | $ 107,571 | $ 57,000 |
| Door, Wisconsin | 69 | $ 8,399,000 | $ 121,724 | $ 68,000 |
| Rock, Wisconsin | 63 | $ 6,765,000 | $ 107,380 | $ 50,000 |
| Washburn, Wisconsin | 56 | $ 3,903,000 | $ 69,696 | $ 46,000 |
| Calumet, Wisconsin | 54 | $ 4,316,000 | $ 79,925 | $ 44,000 |
| St. Croix, Wisconsin | 54 | $ 6,670,000 | $ 123,518 | $ 48,000 |
| Dodge, Wisconsin | 52 | $ 5,713,000 | $ 109,865 | $ 53,000 |
| Manitowoc, Wisconsin | 43 | $ 6,959,000 | $ 161,837 | $ 58,000 |
| Sawyer, Wisconsin | 40 | $ 3,624,000 | $ 90,600 | $ 55,000 |
| Waupaca, Wisconsin | 38 | $ 3,244,000 | $ 85,368 | $ 51,000 |
| Washington, Minnesota | 37 | $ 5,333,000 | $ 144,135 | $ 50,000 |
| Fond du Lac, Wisconsin | 37 | $ 4,069,000 | $ 109,972 | $ 39,000 |
| Jefferson, Wisconsin | 37 | $ 7,170,000 | $ 193,783 | $ 60,000 |
| Oconto, Wisconsin | 34 | $ 2,341,000 | $ 68,852 | $ 78,000 |
| Menominee, Michigan | 32 | $ 2,323,000 | $ 72,593 | $ 49,000 |
| Sheboygan, Wisconsin | 32 | $ 3,647,000 | $ 113,968 | $ 72,000 |
| Polk, Wisconsin | 31 | $ 2,681,000 | $ 86,483 | $ 48,000 |
| Winnebago, Wisconsin | 25 | $ 5,133,000 | $ 205,320 | $ 29,000 |
| Columbia, Wisconsin | 24 | $ 3,115,000 | $ 129,791 | $ 61,000 |
| Walworth, Wisconsin | 21 | $ 4,126,000 | $ 196,476 | $ 68,000 |
| Ramsey, Minnesota | 16 | $ 2,451,000 | $ 153,187 | $ 78,000 |
| Kenosha, Wisconsin | 16 | $ 4,648,000 | $ 290,500 | $ 71,000 |
| Burnett, Wisconsin | 14 | $ 1,260,000 | $ 90,000 | $ 65,000 |
| Green Lake, Wisconsin | 12 | $ 2,007,000 | $ 167,250 | $ 118,000 |
| Rusk, Wisconsin | 11 | $ 1,178,000 | $ 107,090 | $ 62,000 |
| Bayfield, Wisconsin | 10 | $ 741,000 | $ 74,100 | $ 69,000 |
| Sauk, Wisconsin | 9 | $ 1,840,000 | $ 204,444 | $ 109,000 |
| Forest, Wisconsin | 7 | $ 535,000 | $ 76,428 | $ 67,000 |
| Juneau, Wisconsin | 6 | $ 741,000 | $ 123,500 | $ 99,000 |
| Kewaunee, Wisconsin | 6 | $ 684,000 | $ 114,000 | $ 52,000 |
| Trempealeau, Wisconsin | 6 | $ 1,244,000 | $ 207,333 | $ 83,000 |
| Waushara, Wisconsin | 5 | $ 633,000 | $ 126,600 | $ 80,000 |
| Marathon, Wisconsin | 4 | $ 427,000 | $ 106,750 | $ 61,000 |
| Gogebic, Michigan | 3 | $ 453,000 | $ 151,000 | $ 108,000 |
| Chisago, Minnesota | 3 | $ 315,000 | $ 105,000 | $ 82,000 |
| Goodhue, Minnesota | 3 | $ 825,000 | $ 275,000 | $ 80,000 |
| Hennepin, Minnesota | 3 | $ 409,000 | $ 136,333 | $ 84,000 |
| Adams, Wisconsin | 3 | $ 261,000 | $ 87,000 | $ 92,000 |
| Langlade, Wisconsin | 3 | $ 266,000 | $ 88,666 | $ 55,000 |
| Oneida, Wisconsin | 3 | $ 1,037,000 | $ 345,666 | $ 214,000 |
| Vilas, Wisconsin | 3 | $ 593,000 | $ 197,666 | $ 99,000 |
| Cook, Illinois | 2 | $ 251,000 | $ 125,500 | $ 30,000 |
| Kent, Michigan | 2 | $ 328,000 | $ 164,000 | $ 75,000 |
| Anoka, Minnesota | 2 | $ 285,000 | $ 142,500 | $ 53,000 |
| Crow Wing, Minnesota | 2 | $ 1,750,000 | $ 875,000 | $ 0 |
| Dakota, Minnesota | 2 | $ 513,000 | $ 256,500 | $ 89,000 |
| Buffalo, Wisconsin | 2 | $ 238,000 | $ 119,000 | $ 59,000 |
| Clark, Wisconsin | 2 | $ 168,000 | $ 84,000 | $ 57,000 |
| Douglas, Wisconsin | 2 | $ 81,000 | $ 40,500 | $ 19,000 |
| Grant, Wisconsin | 2 | $ 210,000 | $ 105,000 | $ 76,000 |
| Green, Wisconsin | 2 | $ 152,000 | $ 76,000 | $ 46,000 |
| Jackson, Wisconsin | 2 | $ 359,000 | $ 179,500 | $ 68,000 |
| La Crosse, Wisconsin | 2 | $ 427,000 | $ 213,500 | $ 49,000 |
| Marquette, Wisconsin | 2 | $ 225,000 | $ 112,500 | $ 78,000 |
| Pepin, Wisconsin | 2 | $ 205,000 | $ 102,500 | $ 66,000 |
| Portage, Wisconsin | 2 | $ 140,000 | $ 70,000 | $ 42,000 |
| Richland, Wisconsin | 2 | $ 232,000 | $ 116,000 | $ 50,000 |
| Lake, Illinois | 1 | $ 93,000 | $ 93,000 | $ 42,000 |
| McHenry, Illinois | 1 | $ 155,000 | $ 155,000 | $ 62,000 |
| Winnebago, Illinois | 1 | $ 84,000 | $ 84,000 | $ 64,000 |
| Iron, Michigan | 1 | $ 84,000 | $ 84,000 | $ 57,000 |
| Cass, Minnesota | 1 | $ 230,000 | $ 230,000 | $ 148,000 |
| Olmsted, Minnesota | 1 | $ 99,000 | $ 99,000 | $ 73,000 |
| Pine, Minnesota | 1 | $ 155,000 | $ 155,000 | $ 138,000 |
| Sherburne, Minnesota | 1 | $ 61,000 | $ 61,000 | $ 49,000 |
| Ashland, Wisconsin | 1 | $ 60,000 | $ 60,000 | $ 124,000 |
| Lincoln, Wisconsin | 1 | $ 147,000 | $ 147,000 | $ 118,000 |
| Monroe, Wisconsin | 1 | $ 120,000 | $ 120,000 | $ 20,000 |
| Price, Wisconsin | 1 | $ 39,000 | $ 39,000 | $ 60,000 |
| Taylor, Wisconsin | 1 | $ 72,000 | $ 72,000 | $ 26,000 |
| Wood, Wisconsin | 1 | $ 400,000 | $ 400,000 | $ 155,000 |
Mortgage Loan Application Detail Totals for Bank Mutual in 2005
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 | 1,813 | $244,226,000 | $124,500 | $12,700,000 | $57,250 | $1,195,000 |
| Home Purchase | 1,807 | $348,432,000 | $160,000 | $2,840,000 | $61,200 | $1,358,000 |
| Home Improvement | 744 | $50,000,000 | $78,500 | $1,500,000 | $59,250 | $1,653,000 |
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 | 4,041 | $566,771,000 | $125,000 | $2,840,000 | $59,000 | $1,653,000 |
| Not Provided | 91 | $6,417,000 | $56,333 | $336,000 | $69,000 | $712,000 |
| Black or African American | 77 | $7,862,000 | $95,000 | $500,000 | $53,333 | $642,000 |
| Hispanic | 76 | $11,265,000 | $165,500 | $888,000 | $68,250 | $346,000 |
| Asian | 47 | $11,353,000 | $169,500 | $992,000 | $50,000 | $437,000 |
| Not applicable | 22 | $36,792,000 | $1,313,500 | $12,700,000 | $4,000 | $67,000 |
| American Indian or Alaskan Native | 5 | $624,000 | $124,000 | $204,000 | $64,000 | $78,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $1,574,000 | $314,000 | $692,000 | $61,000 | $303,000 |
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) | 4,364 | $642,658,000 | $129,600 | $12,700,000 | $58,200 | $1,653,000 |
| 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 | 3,384 | $452,363,000 | $127,250 | $2,980,000 | $64,000 | $1,653,000 |
| Loan Purchased By The Institution | 478 | $103,462,000 | $260,500 | $708,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 204 | $26,988,000 | $132,000 | $380,000 | $47,000 | $184,000 |
| Application Denied By Financial Institution | 97 | $32,558,000 | $156,333 | $12,700,000 | $31,333 | $1,092,000 |
| Application Withdrawn By Applicant | 77 | $8,775,000 | $66,500 | $2,480,000 | $74,000 | $245,000 |
| Preapproval Denied by Financial Institution | 75 | $9,018,000 | $120,000 | $261,000 | $50,000 | $346,000 |
| Application Approved But Not Accepted | 49 | $9,494,000 | $141,666 | $2,840,000 | $70,666 | $1,358,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 79 | $8,983,000 | $90,250 | $760,000 | $27,000 | $120,000 |
| Credit History | 51 | $4,994,000 | $96,000 | $200,000 | $61,500 | $1,092,000 |
| Other | 15 | $24,394,000 | $1,064,000 | $12,700,000 | $62,500 | $286,000 |
| Collateral | 13 | $1,408,000 | $108,000 | $186,000 | $73,000 | $229,000 |
| Employment History | 10 | $1,073,000 | $107,000 | $261,000 | $37,500 | $80,000 |
| Mortgage Insurance Denied | 2 | $359,000 | $179,500 | $243,000 | $94,500 | $123,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $185,000 | $185,000 | $185,000 | $81,000 | $81,000 |
| Credit Application Incomplete | 1 | $180,000 | $180,000 | $180,000 | $58,000 | $58,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bank Mutual's 2005 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 Bank Mutual'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 Wisconsin, download the full spreadsheet
with aggregated HMDA statistics today.
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