First Federal S&L of Newark Mortgage Lending & HMDA Data, 2010
In 2010, First Federal S&L of Newark of Newark, OH reported 532 mortgage applications totaling $65.7 million, down 18% from 2009. The average application was for $123,447, and applicants reported an average income of $84,669. 67% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Columbus, OH (510) and Canton-Massillon, OH (1).
| Mortgage Company & Address | First Federal S&L of Newark 2 North Second Street Newark, OH 43055 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 | 532 |
| Total Mortgage Loan Application Amount | $65,674,000 |
| Average Mortgage Loan Application Amount | $123,447 |
| Highest Mortgage Loan Application Amount | $740,000 |
| Average Applicant Income | $84,669 |
| Highest Applicant Income | $526,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Federal S&L of Newark filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Licking, Ohio | 407 | $ 46,749,000 | $ 114,862 | $ 73,000 |
| Franklin, Ohio | 66 | $ 8,559,000 | $ 129,681 | $ 142,000 |
| Delaware, Ohio | 18 | $ 3,887,000 | $ 215,944 | $ 126,000 |
| Fairfield, Ohio | 18 | $ 2,719,000 | $ 151,055 | $ 82,000 |
| Perry, Ohio | 13 | $ 2,386,000 | $ 183,538 | $ 114,000 |
| Knox, Ohio | 4 | $ 542,000 | $ 135,500 | $ 58,000 |
| Muskingum, Ohio | 3 | $ 305,000 | $ 101,666 | $ 59,000 |
| Holmes, Ohio | 1 | $ 118,000 | $ 118,000 | $ 125,000 |
| Stark, Ohio | 1 | $ 80,000 | $ 80,000 | $ 64,000 |
| Union, Ohio | 1 | $ 329,000 | $ 329,000 | $ 141,000 |
Mortgage Loan Application Detail Totals for First Federal S&L of Newark 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 | 312 | $42,214,000 | $135,000 | $417,000 | $84,000 | $526,000 |
| Home Purchase | 186 | $19,676,000 | $105,000 | $393,000 | $85,000 | $376,000 |
| Home Improvement | 34 | $3,784,000 | $111,000 | $740,000 | $89,000 | $372,000 |
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 | 498 | $61,484,000 | $123,000 | $417,000 | $81,000 | $526,000 |
| Not applicable | 22 | $2,400,000 | $109,000 | $740,000 | $174,000 | $376,000 |
| Asian | 6 | $1,215,000 | $202,000 | $409,000 | $84,000 | $181,000 |
| Black or African American | 3 | $130,000 | $43,000 | $63,000 | $78,000 | $109,000 |
| Not Provided | 2 | $395,000 | $197,000 | $289,000 | $116,000 | $141,000 |
| American Indian or Alaskan Native | 1 | $50,000 | $50,000 | $50,000 | $46,000 | $46,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 528 | $65,221,000 | $123,000 | $740,000 | $85,000 | $526,000 |
| FHA-insured (Federal Housing Administration) | 4 | $453,000 | $113,000 | $143,000 | $53,000 | $73,000 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 359 | $44,930,000 | $125,000 | $740,000 | $93,000 | $526,000 |
| Application Denied By Financial Institution | 80 | $9,056,000 | $113,000 | $417,000 | $53,000 | $228,000 |
| File Closed For Incompleteness | 52 | $7,520,000 | $144,000 | $376,000 | $82,000 | $500,000 |
| Application Withdrawn By Applicant | 22 | $2,319,000 | $105,000 | $200,000 | $77,000 | $198,000 |
| Application Approved But Not Accepted | 19 | $1,849,000 | $97,000 | $268,000 | $69,000 | $168,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 36 | $3,595,000 | $99,000 | $270,000 | $40,000 | $159,000 |
| Collateral | 19 | $2,946,000 | $155,000 | $417,000 | $69,000 | $121,000 |
| Credit History | 17 | $1,549,000 | $91,000 | $155,000 | $59,000 | $228,000 |
| Other | 4 | $520,000 | $130,000 | $204,000 | $69,000 | $139,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $257,000 | $128,000 | $144,000 | $67,000 | $68,000 |
| Mortgage Insurance Denied | 2 | $189,000 | $94,000 | $110,000 | $47,000 | $62,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Federal S&L of Newark'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 Federal S&L of Newark'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 Ohio, download the full spreadsheet
with aggregated HMDA statistics today.
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