Bank Mutual Mortgage Lending & HMDA Data, 2016
In 2016, Bank Mutual of Milwaukee, WI reported 1,972 mortgage applications totaling $560.8 million, up 11% from 2015. The average application was for $284,360, and applicants reported an average income of $93,980. 82% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Milwaukee-Waukesha-West Allis, WI (581), Green Bay, WI (304) and Eau Claire, WI (201) (applications in parentheses).
| Mortgage Company & Address | Bank Mutual 4949 W Brown Deer Rd Milwaukee, WI 53224 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 2017 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 1,972 |
| Total Mortgage Loan Application Amount | $560,758,000 |
| Average Mortgage Loan Application Amount | $284,360 |
| Highest Mortgage Loan Application Amount | $29,380,000 |
| Average Applicant Income | $93,980 |
| Highest Applicant Income | $3,682,000 |
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Act (HMDA) records Bank Mutual filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Brown, Wisconsin | 277 | $ 39,117,000 | $ 141,216 | $ 81,000 |
| Milwaukee, Wisconsin | 224 | $ 86,751,000 | $ 387,281 | $ 92,000 |
| Waukesha, Wisconsin | 210 | $ 97,893,000 | $ 466,157 | $ 154,000 |
| Washington, Wisconsin | 103 | $ 34,564,000 | $ 335,572 | $ 123,000 |
| Eau Claire, Wisconsin | 102 | $ 14,076,000 | $ 138,000 | $ 65,000 |
| Chippewa, Wisconsin | 99 | $ 11,401,000 | $ 115,161 | $ 73,000 |
| Marinette, Wisconsin | 74 | $ 5,717,000 | $ 77,256 | $ 70,000 |
| Pierce, Wisconsin | 59 | $ 8,594,000 | $ 145,661 | $ 86,000 |
| Racine, Wisconsin | 48 | $ 18,604,000 | $ 387,583 | $ 104,000 |
| Ozaukee, Wisconsin | 44 | $ 19,625,000 | $ 446,022 | $ 112,000 |
| Dane, Wisconsin | 40 | $ 49,873,000 | $ 1,246,825 | $ 96,000 |
| Outagamie, Wisconsin | 37 | $ 6,530,000 | $ 176,486 | $ 83,000 |
| Shawano, Wisconsin | 35 | $ 4,124,000 | $ 117,828 | $ 94,000 |
| St. Croix, Wisconsin | 33 | $ 6,262,000 | $ 189,757 | $ 99,000 |
| Kenosha, Wisconsin | 32 | $ 7,917,000 | $ 247,406 | $ 138,000 |
| Calumet, Wisconsin | 31 | $ 3,804,000 | $ 122,709 | $ 75,000 |
| Door, Wisconsin | 31 | $ 4,438,000 | $ 143,161 | $ 124,000 |
| Dodge, Wisconsin | 30 | $ 5,439,000 | $ 181,300 | $ 68,000 |
| Barron, Wisconsin | 26 | $ 2,973,000 | $ 114,346 | $ 81,000 |
| Washburn, Wisconsin | 25 | $ 4,257,000 | $ 170,280 | $ 85,000 |
| Manitowoc, Wisconsin | 23 | $ 3,016,000 | $ 131,130 | $ 102,000 |
| Waupaca, Wisconsin | 22 | $ 1,839,000 | $ 83,590 | $ 51,000 |
| Oconto, Wisconsin | 21 | $ 3,116,000 | $ 148,380 | $ 76,000 |
| Washington, Minnesota | 19 | $ 23,043,000 | $ 1,212,789 | $ 102,000 |
| Dunn, Wisconsin | 17 | $ 1,600,000 | $ 94,117 | $ 75,000 |
| Sheboygan, Wisconsin | 17 | $ 2,394,000 | $ 140,823 | $ 70,000 |
| Ramsey, Minnesota | 15 | $ 2,975,000 | $ 198,333 | $ 95,000 |
| Rock, Wisconsin | 14 | $ 1,713,000 | $ 122,357 | $ 78,000 |
| Sawyer, Wisconsin | 13 | $ 2,133,000 | $ 164,076 | $ 106,000 |
| Polk, Wisconsin | 11 | $ 2,578,000 | $ 234,363 | $ 108,000 |
| Columbia, Wisconsin | 10 | $ 939,000 | $ 93,900 | $ 62,000 |
| Winnebago, Wisconsin | 9 | $ 1,931,000 | $ 214,555 | $ 99,000 |
| Fond du Lac, Wisconsin | 8 | $ 680,000 | $ 85,000 | $ 57,000 |
| Walworth, Wisconsin | 8 | $ 1,617,000 | $ 202,125 | $ 93,000 |
| Dakota, Minnesota | 7 | $ 1,804,000 | $ 257,714 | $ 124,000 |
| Hennepin, Minnesota | 6 | $ 1,101,000 | $ 183,500 | $ 92,000 |
| Jefferson, Wisconsin | 6 | $ 1,363,000 | $ 227,166 | $ 157,000 |
| Kewaunee, Wisconsin | 6 | $ 823,000 | $ 137,166 | $ 118,000 |
| Lincoln, Wisconsin | 5 | $ 566,000 | $ 113,200 | $ 170,000 |
| Vilas, Wisconsin | 5 | $ 1,555,000 | $ 311,000 | $ 167,000 |
| Menominee, Michigan | 4 | $ 301,000 | $ 75,250 | $ 72,000 |
| Adams, Wisconsin | 4 | $ 685,000 | $ 171,250 | $ 75,000 |
| Green Lake, Wisconsin | 4 | $ 260,000 | $ 65,000 | $ 27,000 |
| La Crosse, Wisconsin | 4 | $ 20,849,000 | $ 5,212,250 | $ 7,000 |
| Oneida, Wisconsin | 4 | $ 6,268,000 | $ 1,567,000 | $ 134,000 |
| Portage, Wisconsin | 4 | $ 470,000 | $ 117,500 | $ 66,000 |
| Rusk, Wisconsin | 4 | $ 419,000 | $ 104,750 | $ 160,000 |
| Waushara, Wisconsin | 4 | $ 1,682,000 | $ 420,500 | $ 143,000 |
| Crow Wing, Minnesota | 3 | $ 6,300,000 | $ 2,100,000 | $ 0 |
| Goodhue, Minnesota | 3 | $ 338,000 | $ 112,666 | $ 80,000 |
| Scott, Minnesota | 3 | $ 727,000 | $ 242,333 | $ 107,000 |
| Burnett, Wisconsin | 3 | $ 323,000 | $ 107,666 | $ 123,000 |
| Marathon, Wisconsin | 3 | $ 343,000 | $ 114,333 | $ 77,000 |
| Rice, Minnesota | 2 | $ 288,000 | $ 144,000 | $ 23,000 |
| Florence, Wisconsin | 2 | $ 204,000 | $ 102,000 | $ 109,000 |
| Juneau, Wisconsin | 2 | $ 292,000 | $ 146,000 | $ 88,000 |
| Pepin, Wisconsin | 2 | $ 356,000 | $ 178,000 | $ 77,000 |
| McHenry, Illinois | 1 | $ 162,000 | $ 162,000 | $ 118,000 |
| Black Hawk, Iowa | 1 | $ 13,688,000 | $ 13,688,000 | $ 0 |
| Anoka, Minnesota | 1 | $ 117,000 | $ 117,000 | $ 139,000 |
| Isanti, Minnesota | 1 | $ 82,000 | $ 82,000 | $ 62,000 |
| Mower, Minnesota | 1 | $ 125,000 | $ 125,000 | $ 100,000 |
| Nicollet, Minnesota | 1 | $ 221,000 | $ 221,000 | $ 159,000 |
| St. Louis, Minnesota | 1 | $ 3,200,000 | $ 3,200,000 | $ 0 |
| Buffalo, Wisconsin | 1 | $ 87,000 | $ 87,000 | $ 68,000 |
| Clark, Wisconsin | 1 | $ 21,000 | $ 21,000 | $ 20,000 |
| Douglas, Wisconsin | 1 | $ 109,000 | $ 109,000 | $ 97,000 |
| Jackson, Wisconsin | 1 | $ 152,000 | $ 152,000 | $ 102,000 |
| Langlade, Wisconsin | 1 | $ 32,000 | $ 32,000 | $ 92,000 |
| Marquette, Wisconsin | 1 | $ 72,000 | $ 72,000 | $ 43,000 |
| Price, Wisconsin | 1 | $ 232,000 | $ 232,000 | $ 197,000 |
| Trempealeau, Wisconsin | 1 | $ 129,000 | $ 129,000 | $ 149,000 |
Mortgage Loan Application Detail Totals for Bank Mutual in 2016
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 | 962 | $225,406,000 | $234,000 | $16,000,000 | $94,000 | $1,150,000 |
| Home Purchase | 798 | $288,726,000 | $361,000 | $29,380,000 | $99,000 | $3,682,000 |
| Home Improvement | 212 | $46,626,000 | $219,000 | $16,073,000 | $75,000 | $485,000 |
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 | 1,768 | $341,944,000 | $193,000 | $29,100,000 | $97,000 | $3,682,000 |
| Not applicable | 49 | $189,600,000 | $3,869,000 | $29,380,000 | $0 | $0 |
| Hispanic | 49 | $6,496,000 | $132,000 | $325,000 | $61,000 | $138,000 |
| Asian | 47 | $14,475,000 | $307,000 | $1,250,000 | $129,000 | $593,000 |
| Black or African American | 30 | $2,948,000 | $98,000 | $225,000 | $46,000 | $112,000 |
| Not Provided | 22 | $4,239,000 | $192,000 | $459,000 | $135,000 | $315,000 |
| American Indian or Alaskan Native | 6 | $768,000 | $128,000 | $400,000 | $68,000 | $148,000 |
| Native Hawaiin or Other Pacific Islander | 1 | $288,000 | $288,000 | $288,000 | $105,000 | $105,000 |
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) | 1,972 | $560,758,000 | $284,000 | $29,380,000 | $94,000 | $3,682,000 |
| 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 | 1,618 | $500,903,000 | $309,000 | $29,380,000 | $98,000 | $3,682,000 |
| Application Denied By Financial Institution | 169 | $27,287,000 | $161,000 | $1,950,000 | $74,000 | $561,000 |
| Preapproval Denied by Financial Institution | 84 | $11,097,000 | $132,000 | $713,000 | $56,000 | $250,000 |
| Application Withdrawn By Applicant | 57 | $9,274,000 | $162,000 | $660,000 | $117,000 | $1,201,000 |
| Application Approved But Not Accepted | 27 | $9,805,000 | $363,000 | $5,175,000 | $103,000 | $700,000 |
| Preapproval Approved but not Accepted | 16 | $2,382,000 | $148,000 | $400,000 | $54,000 | $168,000 |
| File Closed For Incompleteness | 1 | $10,000 | $10,000 | $10,000 | $33,000 | $33,000 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Credit History | 122 | $14,864,000 | $121,000 | $713,000 | $60,000 | $250,000 |
| Collateral | 62 | $11,593,000 | $186,000 | $565,000 | $104,000 | $561,000 |
| Debt-To-Income Ratio | 51 | $7,729,000 | $151,000 | $680,000 | $50,000 | $133,000 |
| Employment History | 8 | $766,000 | $95,000 | $260,000 | $56,000 | $204,000 |
| Other | 7 | $2,871,000 | $410,000 | $1,950,000 | $57,000 | $164,000 |
| Credit Application Incomplete | 1 | $145,000 | $145,000 | $145,000 | $81,000 | $81,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $318,000 | $318,000 | $318,000 | $0 | $0 |
| Mortgage Insurance Denied | 1 | $98,000 | $98,000 | $98,000 | $45,000 | $45,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bank Mutual's 2016 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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