First Federal S&L of Lakewood Mortgage Lending & HMDA Data, 2012
In 2012, First Federal S&L of Lakewood of Lakewood, OH reported 5,623 mortgage applications totaling $1.0 billion, up 82% from 2011. The average application was for $180,876, and applicants reported an average income of $116,840. 89% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Cleveland-Elyria-Mentor, OH (3,131), Columbus, OH (1,118) and Akron, OH (632) (applications in parentheses).
| Mortgage Company & Address | First Federal S&L of Lakewood 14806 Detroit Ave Lakewood, OH 44107 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 5,623 |
| Total Mortgage Loan Application Amount | $1,017,069,000 |
| Average Mortgage Loan Application Amount | $180,876 |
| Highest Mortgage Loan Application Amount | $4,500,000 |
| Average Applicant Income | $116,840 |
| Highest Applicant Income | $3,269,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Federal S&L of Lakewood filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Cleveland-Elyria-Mentor, OH | 3,131 | $ 534,309,000 | $ 170,651 | $ 113,000 |
| Columbus, OH | 1,118 | $ 263,013,000 | $ 235,253 | $ 142,000 |
| Akron, OH | 632 | $ 110,909,000 | $ 175,488 | $ 110,000 |
| Toledo, OH | 264 | $ 36,512,000 | $ 138,303 | $ 85,000 |
| Canton-Massillon, OH | 142 | $ 17,319,000 | $ 121,964 | $ 76,000 |
| Monroe, MI | 36 | $ 5,452,000 | $ 151,444 | $ 110,000 |
| Sandusky, OH | 29 | $ 5,710,000 | $ 196,896 | $ 130,000 |
| Youngstown-Warren-Boardman, OH-PA | 10 | $ 2,690,000 | $ 269,000 | $ 708,000 |
| Cincinnati-Middletown, OH-KY-IN | 9 | $ 2,068,000 | $ 229,777 | $ 134,000 |
| Atlanta-Sandy Springs-Marietta, GA | 5 | $ 1,017,000 | $ 203,400 | $ 186,000 |
| Pittsburgh, PA | 5 | $ 1,061,000 | $ 212,200 | $ 104,000 |
| Dayton, OH | 4 | $ 992,000 | $ 248,000 | $ 125,000 |
| Lima, OH | 4 | $ 250,000 | $ 62,500 | $ 232,000 |
| Naples-Marco Island, FL | 4 | $ 1,149,000 | $ 287,250 | $ 369,000 |
| Phoenix-Mesa-Glendale, AZ | 4 | $ 851,000 | $ 212,750 | $ 196,000 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 3 | $ 638,000 | $ 212,666 | $ 63,666 |
| Mansfield, OH | 3 | $ 428,000 | $ 142,666 | $ 103,000 |
| Tampa-St. Petersburg-Clearwater, FL | 3 | $ 682,000 | $ 227,333 | $ 159,000 |
| Albany-Schenectady-Troy, NY | 2 | $ 415,000 | $ 207,500 | $ 203,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 85,000 | $ 42,500 | $ 59,000 |
| Colorado Springs, CO | 2 | $ 464,000 | $ 232,000 | $ 60,000 |
| Denver-Aurora-Broomfield, CO | 2 | $ 765,000 | $ 382,500 | $ 372,000 |
| Fort Worth-Arlington, TX | 2 | $ 528,000 | $ 264,000 | $ 154,000 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 2 | $ 240,000 | $ 120,000 | $ 82,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 2 | $ 389,000 | $ 194,500 | $ 61,000 |
| Springfield, OH | 2 | $ 715,000 | $ 357,500 | $ 159,000 |
| Warren-Troy-Farmington Hills, MI | 2 | $ 655,000 | $ 327,500 | $ 122,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 2 | $ 743,000 | $ 371,500 | $ 126,000 |
| Baltimore-Towson, MD | 1 | $ 399,000 | $ 399,000 | $ 215,000 |
| Birmingham-Hoover, AL | 1 | $ 168,000 | $ 168,000 | $ 270,000 |
| Chicago-Joliet-Naperville, IL | 1 | $ 290,000 | $ 290,000 | $ 215,000 |
| Clarksville, TN-KY | 1 | $ 191,000 | $ 191,000 | $ 66,000 |
| Cumberland, MD-WV | 1 | $ 63,000 | $ 63,000 | $ 146,000 |
| Detroit-Livonia-Dearborn, MI | 1 | $ 352,000 | $ 352,000 | $ 191,000 |
| Durham-Chapel Hill, NC | 1 | $ 210,000 | $ 210,000 | $ 220,000 |
| Jackson, MI | 1 | $ 147,000 | $ 147,000 | $ 77,000 |
| Jacksonville, FL | 1 | $ 48,000 | $ 48,000 | $ 60,000 |
| New York-White Plains-Wayne, NY-NJ | 1 | $ 397,000 | $ 397,000 | $ 108,000 |
| Punta Gorda, FL | 1 | $ 296,000 | $ 296,000 | $ 200,000 |
| Roanoke, VA | 1 | $ 168,000 | $ 168,000 | $ 110,000 |
| Seattle-Bellevue-Everett, WA | 1 | $ 336,000 | $ 336,000 | $ 150,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 1 | $ 385,000 | $ 385,000 | $ 206,000 |
Mortgage Loan Application Detail Totals for First Federal S&L of Lakewood in 2012
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 3,219 | $577,557,000 | $179,000 | $2,930,000 | $110,000 | $3,269,000 |
| Refinancing | 2,404 | $439,512,000 | $182,000 | $4,500,000 | $126,000 | $1,560,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 4,218 | $722,396,000 | $171,000 | $1,100,000 | $111,000 | $3,269,000 |
| Not Provided | 1,127 | $232,882,000 | $206,000 | $1,680,000 | $141,000 | $1,560,000 |
| Asian | 99 | $21,019,000 | $212,000 | $760,000 | $128,000 | $689,000 |
| Black or African American | 95 | $13,127,000 | $138,000 | $624,000 | $109,000 | $2,225,000 |
| Hispanic | 61 | $7,787,000 | $127,000 | $417,000 | $103,000 | $601,000 |
| Not applicable | 10 | $16,450,000 | $1,645,000 | $4,500,000 | $0 | $0 |
| American Indian or Alaskan Native | 7 | $1,401,000 | $200,000 | $450,000 | $85,000 | $202,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $2,007,000 | $334,000 | $932,000 | $121,000 | $315,000 |
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) | 4,694 | $902,403,000 | $192,000 | $4,500,000 | $129,000 | $3,269,000 |
| FHA-insured (Federal Housing Administration) | 784 | $91,188,000 | $116,000 | $347,000 | $53,000 | $331,000 |
| VA-guaranteed (Veterans Administration) | 109 | $19,360,000 | $177,000 | $1,022,000 | $79,000 | $217,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 36 | $4,118,000 | $114,000 | $189,000 | $48,000 | $86,000 |
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 | 5,025 | $905,655,000 | $180,000 | $2,930,000 | $118,000 | $3,269,000 |
| Application Denied By Financial Institution | 231 | $43,045,000 | $186,000 | $1,680,000 | $101,000 | $999,000 |
| Application Withdrawn By Applicant | 179 | $36,491,000 | $203,000 | $4,500,000 | $121,000 | $1,560,000 |
| Application Approved But Not Accepted | 178 | $29,285,000 | $164,000 | $830,000 | $102,000 | $900,000 |
| File Closed For Incompleteness | 10 | $2,593,000 | $259,000 | $532,000 | $159,000 | $325,000 |
| 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 | 96 | $18,450,000 | $192,000 | $1,095,000 | $119,000 | $717,000 |
| Debt-To-Income Ratio | 58 | $10,958,000 | $188,000 | $1,680,000 | $80,000 | $999,000 |
| Credit History | 30 | $4,107,000 | $136,000 | $359,000 | $67,000 | $186,000 |
| Other | 27 | $5,106,000 | $189,000 | $615,000 | $113,000 | $680,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $1,743,000 | $249,000 | $870,000 | $124,000 | $487,000 |
| Mortgage Insurance Denied | 7 | $1,209,000 | $172,000 | $408,000 | $97,000 | $192,000 |
| Employment History | 3 | $331,000 | $110,000 | $177,000 | $30,000 | $42,000 |
| Unverifiable Information | 2 | $732,000 | $366,000 | $415,000 | $160,000 | $177,000 |
| Credit Application Incomplete | 1 | $409,000 | $409,000 | $409,000 | $210,000 | $210,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Federal S&L of Lakewood's 2012 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 Federal S&L of Lakewood'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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