First Federal S&L of Newark Mortgage Lending & HMDA Data, 2009
In 2009, First Federal S&L of Newark of Newark, OH reported 652 mortgage applications totaling $80.5 million, up 66% from 2008. The average application was for $123,478, and applicants reported an average income of $81,085. 62% of its applications resulted in an originated loan and 21% were denied. Its largest market was Columbus, OH (609).
| 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 | 652 |
| Total Mortgage Loan Application Amount | $80,508,000 |
| Average Mortgage Loan Application Amount | $123,478 |
| Highest Mortgage Loan Application Amount | $563,000 |
| Average Applicant Income | $81,085 |
| Highest Applicant Income | $638,000 |
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records First Federal S&L of Newark filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 478 | $ 58,683,000 | $ 122,767 | $ 73,000 |
| Franklin, Ohio | 92 | $ 10,685,000 | $ 116,141 | $ 120,000 |
| Fairfield, Ohio | 27 | $ 3,721,000 | $ 137,814 | $ 95,000 |
| Perry, Ohio | 18 | $ 2,103,000 | $ 116,833 | $ 69,000 |
| Muskingum, Ohio | 15 | $ 1,576,000 | $ 105,066 | $ 54,000 |
| Delaware, Ohio | 11 | $ 2,423,000 | $ 220,272 | $ 109,000 |
| Knox, Ohio | 6 | $ 610,000 | $ 101,666 | $ 58,000 |
| Hocking, Ohio | 1 | $ 245,000 | $ 245,000 | $ 140,000 |
| Morrow, Ohio | 1 | $ 98,000 | $ 98,000 | $ 75,000 |
| Noble, Ohio | 1 | $ 60,000 | $ 60,000 | $ 141,000 |
| Ross, Ohio | 1 | $ 159,000 | $ 159,000 | $ 105,000 |
| Vinton, Ohio | 1 | $ 145,000 | $ 145,000 | $ 91,000 |
Mortgage Loan Application Detail Totals for First Federal S&L of Newark in 2009
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 | 400 | $55,832,000 | $139,000 | $518,000 | $80,000 | $638,000 |
| Home Purchase | 204 | $19,894,000 | $97,000 | $563,000 | $83,000 | $408,000 |
| Home Improvement | 48 | $4,782,000 | $99,000 | $272,000 | $82,000 | $536,000 |
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 | 598 | $75,567,000 | $126,000 | $563,000 | $78,000 | $638,000 |
| Not applicable | 32 | $2,281,000 | $71,000 | $195,000 | $148,000 | $536,000 |
| Black or African American | 7 | $505,000 | $72,000 | $109,000 | $65,000 | $118,000 |
| Asian | 6 | $1,366,000 | $227,000 | $417,000 | $108,000 | $178,000 |
| Not Provided | 6 | $578,000 | $96,000 | $212,000 | $52,000 | $110,000 |
| Hispanic | 3 | $211,000 | $70,000 | $110,000 | $93,000 | $129,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 642 | $79,601,000 | $123,000 | $563,000 | $82,000 | $638,000 |
| FHA-insured (Federal Housing Administration) | 10 | $907,000 | $90,000 | $195,000 | $35,000 | $82,000 |
| 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 | 407 | $50,079,000 | $123,000 | $563,000 | $86,000 | $638,000 |
| Application Denied By Financial Institution | 135 | $15,906,000 | $117,000 | $518,000 | $63,000 | $233,000 |
| File Closed For Incompleteness | 54 | $7,293,000 | $135,000 | $416,000 | $85,000 | $312,000 |
| Application Approved But Not Accepted | 39 | $5,136,000 | $131,000 | $382,000 | $88,000 | $251,000 |
| Application Withdrawn By Applicant | 17 | $2,094,000 | $123,000 | $341,000 | $81,000 | $187,000 |
| 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 | 50 | $6,745,000 | $134,000 | $518,000 | $59,000 | $211,000 |
| Collateral | 32 | $4,269,000 | $133,000 | $315,000 | $82,000 | $189,000 |
| Credit History | 29 | $2,364,000 | $81,000 | $160,000 | $41,000 | $91,000 |
| Other | 11 | $1,319,000 | $119,000 | $276,000 | $81,000 | $233,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 9 | $753,000 | $83,000 | $227,000 | $52,000 | $136,000 |
| Mortgage Insurance Denied | 3 | $439,000 | $146,000 | $216,000 | $103,000 | $164,000 |
| Employment History | 1 | $17,000 | $17,000 | $17,000 | $45,000 | $45,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Federal S&L of Newark's 2009 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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