First American Bank, N.A. Mortgage Lending & HMDA Data, 2010
In 2010, First American Bank, N.A. of Hudson, WI reported 93 mortgage applications totaling $20.6 million, down 53% from 2009. The average application was for $221,634, and applicants reported an average income of $88,430. 27% of its applications resulted in an originated loan and 37% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (82), Atlanta-Sandy Springs-Marietta, GA (1) and Greeley, CO (1) (applications in parentheses).
| Mortgage Company & Address | First American Bank, N.A. 2424 Monetary Blvd Suite 107 Hudson, WI 54016 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 |
| Total Number of Mortgage Applications | 93 |
| Total Mortgage Loan Application Amount | $20,612,000 |
| Average Mortgage Loan Application Amount | $221,634 |
| Highest Mortgage Loan Application Amount | $1,950,000 |
| Average Applicant Income | $88,430 |
| Highest Applicant Income | $879,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First American Bank, N.A. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Ramsey, Minnesota | 16 | $ 3,036,000 | $ 189,750 | $ 93,000 |
| Hennepin, Minnesota | 14 | $ 3,634,000 | $ 259,571 | $ 85,000 |
| Dakota, Minnesota | 13 | $ 1,985,000 | $ 152,692 | $ 56,000 |
| St. Croix, Wisconsin | 12 | $ 2,880,000 | $ 240,000 | $ 80,000 |
| Washington, Minnesota | 10 | $ 2,133,000 | $ 213,300 | $ 74,000 |
| Anoka, Minnesota | 9 | $ 1,225,000 | $ 136,111 | $ 90,000 |
| Scott, Minnesota | 3 | $ 731,000 | $ 243,666 | $ 69,000 |
| Pierce, Wisconsin | 3 | $ 356,000 | $ 118,666 | $ 46,000 |
| Chisago, Minnesota | 2 | $ 340,000 | $ 170,000 | $ 51,000 |
| Barron, Wisconsin | 2 | $ 2,113,000 | $ 1,056,500 | $ 475,000 |
| Weld, Colorado | 1 | $ 140,000 | $ 140,000 | $ 166,000 |
| District of Columbia, District Of Columbia | 1 | $ 417,000 | $ 417,000 | $ 79,000 |
| Collier, Florida | 1 | $ 175,000 | $ 175,000 | $ 68,000 |
| Fulton, Georgia | 1 | $ 250,000 | $ 250,000 | $ 72,000 |
| Kanabec, Minnesota | 1 | $ 344,000 | $ 344,000 | $ 0 |
| Rice, Minnesota | 1 | $ 308,000 | $ 308,000 | $ 81,000 |
| Bayfield, Wisconsin | 1 | $ 260,000 | $ 260,000 | $ 71,000 |
| Dunn, Wisconsin | 1 | $ 120,000 | $ 120,000 | $ 66,000 |
| Grant, Wisconsin | 1 | $ 165,000 | $ 165,000 | $ 320,000 |
Mortgage Loan Application Detail Totals for First American Bank, N.A. in 2010
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 | 47 | $12,270,000 | $261,000 | $1,950,000 | $112,000 | $879,000 |
| Home Purchase | 40 | $7,865,000 | $196,000 | $1,000,000 | $71,000 | $272,000 |
| Home Improvement | 6 | $477,000 | $79,000 | $125,000 | $20,000 | $124,000 |
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 | 75 | $16,902,000 | $225,000 | $1,950,000 | $106,000 | $879,000 |
| Not applicable | 13 | $2,930,000 | $225,000 | $860,000 | $0 | $0 |
| Asian | 3 | $415,000 | $138,000 | $175,000 | $57,000 | $72,000 |
| Black or African American | 1 | $216,000 | $216,000 | $216,000 | $88,000 | $88,000 |
| Hispanic | 1 | $149,000 | $149,000 | $149,000 | $49,000 | $49,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 77 | $17,546,000 | $227,000 | $1,950,000 | $90,000 | $879,000 |
| FHA-insured (Federal Housing Administration) | 16 | $3,066,000 | $191,000 | $253,000 | $81,000 | $240,000 |
| 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 | 34 | $8,666,000 | $254,000 | $1,950,000 | $125,000 | $879,000 |
| Application Withdrawn By Applicant | 32 | $6,217,000 | $194,000 | $421,000 | $82,000 | $166,000 |
| Loan Originated | 25 | $4,786,000 | $191,000 | $1,000,000 | $49,000 | $272,000 |
| Application Approved But Not Accepted | 2 | $943,000 | $471,000 | $790,000 | $55,000 | $110,000 |
| 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 | 12 | $4,192,000 | $349,000 | $1,950,000 | $185,000 | $879,000 |
| Debt-To-Income Ratio | 10 | $2,242,000 | $224,000 | $363,000 | $47,000 | $72,000 |
| Collateral | 8 | $1,467,000 | $183,000 | $400,000 | $141,000 | $387,000 |
| Unverifiable Information | 2 | $612,000 | $306,000 | $352,000 | $173,000 | $250,000 |
| Employment History | 1 | $105,000 | $105,000 | $105,000 | $72,000 | $72,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $48,000 | $48,000 | $48,000 | $24,000 | $24,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First American Bank, N.A.'s 2010 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 First American Bank, N.A.'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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