Fifth Third Bank Michigan Mortgage Lending & HMDA Data, 2008
In 2008, Fifth Third Bank Michigan of Cincinnati, OH reported 11,480 mortgage applications totaling $1.1 billion, down 30% from 2007. The average application was for $93,401, and applicants reported an average income of $77,033. 35% of its applications resulted in an originated loan and 54% were denied. Its largest markets were Chicago-Naperville-Joliet, IL (1,884), Grand Rapids-Wyoming, MI (905) and Louisville-Jefferson County, KY-IN (720) (applications in parentheses).
| Mortgage Company & Address | Fifth Third Bank Michigan 5001 Kingsley Drive MD 1mob2w Cincinnati, OH 45227 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 11,480 |
| Total Mortgage Loan Application Amount | $1,072,246,000 |
| Average Mortgage Loan Application Amount | $93,401 |
| Highest Mortgage Loan Application Amount | $10,000,000 |
| Average Applicant Income | $77,033 |
| Highest Applicant Income | $9,999,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Fifth Third Bank Michigan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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-Naperville-Joliet, IL | 1,884 | $ 241,516,000 | $ 128,193 | $ 84,000 |
| Grand Rapids-Wyoming, MI | 905 | $ 78,867,000 | $ 87,145 | $ 76,000 |
| Louisville-Jefferson County, KY-IN | 720 | $ 56,120,000 | $ 77,944 | $ 70,244 |
| Cincinnati-Middletown, OH-KY-IN | 653 | $ 54,615,000 | $ 83,637 | $ 72,869 |
| Warren-Troy-Farmington Hills, MI | 452 | $ 37,252,000 | $ 82,415 | $ 83,000 |
| Lexington-Fayette, KY | 440 | $ 43,513,000 | $ 98,893 | $ 82,000 |
| Indianapolis-Carmel, IN | 422 | $ 27,887,000 | $ 66,082 | $ 85,000 |
| Gary, IN | 345 | $ 26,613,000 | $ 77,139 | $ 70,000 |
| Evansville, IN-KY | 304 | $ 19,797,000 | $ 65,121 | $ 53,684 |
| Detroit-Livonia-Dearborn, MI | 294 | $ 24,231,000 | $ 82,418 | $ 73,000 |
| Tampa-St. Petersburg-Clearwater, FL | 258 | $ 30,900,000 | $ 119,767 | $ 94,000 |
| Holland-Grand Haven, MI | 254 | $ 20,399,000 | $ 80,311 | $ 72,000 |
| Kalamazoo-Portage, MI | 250 | $ 16,583,000 | $ 66,332 | $ 67,000 |
| Lansing-East Lansing, MI | 244 | $ 18,730,000 | $ 76,762 | $ 82,000 |
| Orlando-Kissimmee, FL | 204 | $ 28,462,000 | $ 139,519 | $ 88,000 |
| Muskegon-Norton Shores, MI | 176 | $ 11,298,000 | $ 64,193 | $ 59,000 |
| Niles-Benton Harbor, MI | 148 | $ 10,393,000 | $ 70,222 | $ 60,000 |
| South Bend-Mishawaka, IN-MI | 117 | $ 9,093,000 | $ 77,717 | $ 62,692 |
| Lake County-Kenosha County, IL-WI | 112 | $ 13,181,000 | $ 117,687 | $ 93,607 |
| Jacksonville, FL | 107 | $ 15,243,000 | $ 142,457 | $ 91,000 |
| Flint, MI | 106 | $ 7,111,000 | $ 67,084 | $ 65,000 |
| Cape Coral-Fort Myers, FL | 97 | $ 11,669,000 | $ 120,298 | $ 72,000 |
| Naples-Marco Island, FL | 88 | $ 10,710,000 | $ 121,704 | $ 93,000 |
| Terre Haute, IN | 84 | $ 4,575,000 | $ 54,464 | $ 56,000 |
| Fort Wayne, IN | 80 | $ 5,517,000 | $ 68,962 | $ 75,000 |
| St. Louis, MO-IL | 80 | $ 6,703,000 | $ 83,787 | $ 83,150 |
| Deltona-Daytona Beach-Ormond Beach, FL | 71 | $ 8,670,000 | $ 122,112 | $ 80,000 |
| Michigan City-La Porte, IN | 65 | $ 4,412,000 | $ 67,876 | $ 63,000 |
| Rockford, IL | 63 | $ 5,621,000 | $ 89,222 | $ 68,000 |
| Jackson, MI | 61 | $ 4,621,000 | $ 75,754 | $ 57,000 |
| Battle Creek, MI | 58 | $ 3,250,000 | $ 56,034 | $ 61,000 |
| Bradenton-Sarasota-Venice, FL | 56 | $ 6,974,000 | $ 124,535 | $ 76,000 |
| Saginaw-Saginaw Township North, MI | 50 | $ 4,410,000 | $ 88,200 | $ 63,000 |
| Elkhart-Goshen, IN | 42 | $ 4,177,000 | $ 99,452 | $ 57,000 |
| Lafayette, IN | 40 | $ 2,387,000 | $ 59,675 | $ 67,000 |
| Lakeland-Winter Haven, FL | 37 | $ 3,448,000 | $ 93,189 | $ 77,000 |
| Bloomington, IN | 35 | $ 2,330,000 | $ 66,571 | $ 67,000 |
| Owensboro, KY | 28 | $ 1,776,000 | $ 63,428 | $ 58,000 |
| Bay City, MI | 27 | $ 1,555,000 | $ 57,592 | $ 67,000 |
| Ann Arbor, MI | 21 | $ 1,814,000 | $ 86,380 | $ 94,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 20 | $ 3,061,000 | $ 153,050 | $ 257,000 |
| Kankakee-Bradley, IL | 14 | $ 1,368,000 | $ 97,714 | $ 51,000 |
| Columbus, IN | 13 | $ 1,084,000 | $ 83,384 | $ 64,000 |
| Punta Gorda, FL | 13 | $ 1,069,000 | $ 82,230 | $ 56,000 |
| Davenport-Moline-Rock Island, IA-IL | 11 | $ 741,000 | $ 67,363 | $ 72,000 |
| Monroe, MI | 11 | $ 512,000 | $ 46,545 | $ 72,000 |
| Columbus, OH | 10 | $ 1,182,000 | $ 118,200 | $ 112,000 |
| Atlanta-Sandy Springs-Marietta, GA | 9 | $ 748,000 | $ 83,111 | $ 138,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 9 | $ 1,522,000 | $ 169,111 | $ 140,000 |
| Danville, IL | 7 | $ 324,000 | $ 46,285 | $ 62,000 |
| Palm Bay-Melbourne-Titusville, FL | 7 | $ 718,000 | $ 102,571 | $ 70,000 |
| Anderson, IN | 6 | $ 446,000 | $ 74,333 | $ 73,000 |
| Palm Coast, FL | 6 | $ 982,000 | $ 163,666 | $ 71,000 |
| Cleveland-Elyria-Mentor, OH | 5 | $ 622,000 | $ 124,400 | $ 107,000 |
| Kokomo, IN | 5 | $ 247,000 | $ 49,400 | $ 127,000 |
| Elizabethtown, KY | 4 | $ 306,000 | $ 76,500 | $ 59,000 |
| Miami-Miami Beach-Kendall, FL | 3 | $ 472,000 | $ 157,333 | $ 56,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 3 | $ 335,000 | $ 111,666 | $ 102,000 |
| Peoria, IL | 3 | $ 298,000 | $ 99,333 | $ 138,000 |
| Springfield, IL | 3 | $ 222,000 | $ 74,000 | $ 68,000 |
| Toledo, OH | 3 | $ 228,000 | $ 76,000 | $ 75,000 |
| Champaign-Urbana, IL | 2 | $ 106,000 | $ 53,000 | $ 50,000 |
| Clarksville, TN-KY | 2 | $ 180,000 | $ 90,000 | $ 60,000 |
| Huntington-Ashland, WV-KY-OH | 2 | $ 101,000 | $ 50,500 | $ 46,000 |
| Joplin, MO | 2 | $ 87,000 | $ 43,500 | $ 21,000 |
| Ocala, FL | 2 | $ 379,000 | $ 189,500 | $ 87,000 |
| Philadelphia, PA | 2 | $ 240,000 | $ 120,000 | $ 77,000 |
| Sheboygan, WI | 2 | $ 57,000 | $ 28,500 | $ 162,000 |
| Akron, OH | 1 | $ 74,000 | $ 74,000 | $ 71,000 |
| Ames, IA | 1 | $ 3,600,000 | $ 3,600,000 | $ 0 |
| Anderson, SC | 1 | $ 145,000 | $ 145,000 | $ 0 |
| Augusta-Richmond County, GA-SC | 1 | $ 400,000 | $ 400,000 | $ 280,000 |
| Blacksburg-Christiansburg-Radford, VA | 1 | $ 19,000 | $ 19,000 | $ 31,000 |
| Bowling Green, KY | 1 | $ 194,000 | $ 194,000 | $ 248,000 |
| Charlotte-Gastonia-Concord, NC-SC | 1 | $ 10,000 | $ 10,000 | $ 110,000 |
| Columbus, GA-AL | 1 | $ 53,000 | $ 53,000 | $ 115,000 |
| Dayton, OH | 1 | $ 83,000 | $ 83,000 | $ 82,000 |
| Decatur, IL | 1 | $ 52,000 | $ 52,000 | $ 170,000 |
| Fort Walton Beach-Crestview-Destin, FL | 1 | $ 100,000 | $ 100,000 | $ 189,000 |
| Greenville-Mauldin-Easley, SC | 1 | $ 10,000 | $ 10,000 | $ 78,000 |
| Houston-Sugar Land-Baytown, TX | 1 | $ 55,000 | $ 55,000 | $ 234,000 |
| Kansas City, MO-KS | 1 | $ 180,000 | $ 180,000 | $ 70,000 |
| Knoxville, TN | 1 | $ 421,000 | $ 421,000 | $ 256,000 |
| Las Vegas-Paradise, NV | 1 | $ 4,200,000 | $ 4,200,000 | $ 9,999,000 |
| Memphis, TN-MS-AR | 1 | $ 26,000 | $ 26,000 | $ 92,000 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 17,000 | $ 17,000 | $ 52,000 |
| Muncie, IN | 1 | $ 33,000 | $ 33,000 | $ 58,000 |
| Pittsburgh, PA | 1 | $ 83,000 | $ 83,000 | $ 86,000 |
| Port St. Lucie, FL | 1 | $ 116,000 | $ 116,000 | $ 80,000 |
| Raleigh-Cary, NC | 1 | $ 47,000 | $ 47,000 | $ 0 |
| Sebastian-Vero Beach, FL | 1 | $ 280,000 | $ 280,000 | $ 778,000 |
| Tallahassee, FL | 1 | $ 97,000 | $ 97,000 | $ 54,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 78,000 | $ 78,000 | $ 69,000 |
| Weirton-Steubenville, WV-OH | 1 | $ 43,000 | $ 43,000 | $ 214,000 |
| Youngstown-Warren-Boardman, OH-PA | 1 | $ 41,000 | $ 41,000 | $ 114,000 |
Mortgage Loan Application Detail Totals for Fifth Third Bank Michigan in 2008
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 | 8,134 | $886,828,000 | $109,000 | $1,000,000 | $74,000 | $3,000,000 |
| Home Improvement | 2,685 | $106,691,000 | $39,000 | $1,000,000 | $69,000 | $2,303,000 |
| Home Purchase | 661 | $78,727,000 | $119,000 | $10,000,000 | $147,000 | $9,999,000 |
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 | 8,271 | $730,053,000 | $88,000 | $10,000,000 | $77,000 | $9,999,000 |
| Not Provided | 1,337 | $121,840,000 | $91,000 | $1,000,000 | $91,000 | $2,810,000 |
| Hispanic | 865 | $103,915,000 | $120,000 | $477,000 | $64,000 | $2,172,000 |
| Black or African American | 615 | $52,529,000 | $85,000 | $429,000 | $64,000 | $540,000 |
| Asian | 221 | $26,202,000 | $118,000 | $700,000 | $86,000 | $428,000 |
| American Indian or Alaskan Native | 104 | $10,042,000 | $96,000 | $327,000 | $78,000 | $325,000 |
| Not applicable | 52 | $25,924,000 | $498,000 | $4,950,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 15 | $1,741,000 | $116,000 | $224,000 | $90,000 | $300,000 |
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) | 11,480 | $1,072,246,000 | $93,000 | $10,000,000 | $77,000 | $9,999,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 6,230 | $600,585,000 | $96,000 | $1,000,000 | $70,000 | $3,000,000 |
| Loan Originated | 4,050 | $345,642,000 | $85,000 | $10,000,000 | $81,000 | $5,500,000 |
| Application Withdrawn By Applicant | 871 | $98,217,000 | $112,000 | $4,200,000 | $101,000 | $9,999,000 |
| Application Approved But Not Accepted | 329 | $27,802,000 | $84,000 | $323,000 | $82,000 | $538,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Credit History | 1,965 | $165,804,000 | $84,000 | $1,000,000 | $65,000 | $779,000 |
| Debt-To-Income Ratio | 1,579 | $175,600,000 | $111,000 | $740,000 | $54,000 | $650,000 |
| Collateral | 1,273 | $118,519,000 | $93,000 | $480,000 | $82,000 | $824,000 |
| Other | 531 | $51,521,000 | $97,000 | $505,000 | $83,000 | $3,000,000 |
| Unverifiable Information | 420 | $37,678,000 | $89,000 | $500,000 | $83,000 | $400,000 |
| Credit Application Incomplete | 405 | $46,231,000 | $114,000 | $500,000 | $92,000 | $983,000 |
| Employment History | 53 | $4,626,000 | $87,000 | $400,000 | $59,000 | $216,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $606,000 | $151,000 | $280,000 | $72,000 | $119,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Fifth Third Bank Michigan's 2008 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 Fifth Third Bank Michigan'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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