First Federal Savings Bank C-U Mortgage Lending & HMDA Data, 2003
In 2003, First Federal Savings Bank C-U of Champaign, IL reported 485 mortgage applications totaling $50.6 million. The average application was for $104,228, and applicants reported an average income of $61,991. 96% of its applications resulted in an originated loan and 2% were denied. Its largest market was Champaign-Urbana, IL (462).
| Mortgage Company & Address | First Federal Savings Bank C-U 1311 South Neil St. Champaign, IL 61820 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 | 485 |
| Total Mortgage Loan Application Amount | $50,551,000 |
| Average Mortgage Loan Application Amount | $104,228 |
| Highest Mortgage Loan Application Amount | $1,040,000 |
| Average Applicant Income | $61,991 |
| Highest Applicant Income | $242,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Federal Savings Bank C-U filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for First Federal Savings Bank C-U in 2003
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 (home purchase or home improvement, one-to-four family) | 387 | $37,879,000 | $90,000 | $323,000 | $64,000 | $242,000 |
| Home Purchase (one-to-four family) | 93 | $10,634,000 | $126,000 | $250,000 | $79,000 | $189,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 5 | $2,038,000 | $407,000 | $1,040,000 | $0 | $0 |
| Home Improvement (one-to-four family) | 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 | 434 | $44,128,000 | $97,000 | $450,000 | $62,000 | $242,000 |
| Black | 26 | $2,483,000 | $95,000 | $243,000 | $51,000 | $146,000 |
| Asian or Pacific Islander | 14 | $1,605,000 | $114,000 | $307,000 | $72,000 | $160,000 |
| Hispanic | 6 | $768,000 | $128,000 | $328,000 | $37,000 | $104,000 |
| Other | 4 | $527,000 | $131,000 | $232,000 | $109,000 | $195,000 |
| Not applicable | 1 | $1,040,000 | $1,040,000 | $1,040,000 | $0 | $0 |
| Information not provided by applicant in mail or telephone application | 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) | 485 | $50,551,000 | $98,000 | $1,040,000 | $67,500 | $242,000 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 465 | $48,326,000 | $98,000 | $1,040,000 | $70,000 | $242,000 |
| Application Withdrawn By Applicant | 12 | $1,137,000 | $94,000 | $232,000 | $57,000 | $132,000 |
| Application Denied By Financial Institution | 8 | $1,088,000 | $136,000 | $328,000 | $27,000 | $78,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 | 6 | $710,000 | $118,000 | $230,000 | $35,000 | $78,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $328,000 | $328,000 | $328,000 | $0 | $0 |
| Other | 1 | $50,000 | $50,000 | $50,000 | $31,000 | $31,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Federal Savings Bank C-U's 2003 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 Savings Bank C-U'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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