First Federal Savings & Loan A Mortgage Lending & HMDA Data, 2004
In 2004, First Federal Savings & Loan A of McMinnville, OR reported 380 mortgage applications totaling $54.0 million, down 11% from 2003. The average application was for $142,036, and applicants reported an average income of $70,252. 78% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Portland-Vancouver-Beaverton, OR-WA (343) and Salem, OR (20).
| Mortgage Company & Address | First Federal Savings & Loan A 140 3rd St McMinnville, OR 97128 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 | 380 |
| Total Mortgage Loan Application Amount | $53,974,000 |
| Average Mortgage Loan Application Amount | $142,036 |
| Highest Mortgage Loan Application Amount | $1,022,000 |
| Average Applicant Income | $70,252 |
| Highest Applicant Income | $991,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Federal Savings & Loan A filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for First Federal Savings & Loan A in 2004
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 | 194 | $31,304,000 | $137,500 | $1,022,000 | $55,000 | $343,000 |
| Refinancing | 161 | $21,731,000 | $134,000 | $465,000 | $80,000 | $991,000 |
| Home Improvement | 25 | $939,000 | $37,000 | $125,000 | $44,000 | $180,000 |
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 | 348 | $48,686,000 | $127,000 | $673,000 | $56,500 | $991,000 |
| Not applicable | 14 | $3,015,000 | $215,000 | $1,022,000 | $109,000 | $201,000 |
| Hispanic | 11 | $1,284,000 | $123,500 | $157,000 | $48,000 | $125,000 |
| Asian | 4 | $478,000 | $111,000 | $150,000 | $60,000 | $175,000 |
| American Indian or Alaskan Native | 2 | $277,000 | $138,000 | $169,000 | $73,000 | $116,000 |
| Black or African American | 1 | $234,000 | $234,000 | $234,000 | $71,000 | $71,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 380 | $53,974,000 | $127,500 | $1,022,000 | $56,000 | $991,000 |
| 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 | 298 | $42,262,000 | $141,000 | $1,022,000 | $81,000 | $991,000 |
| Application Denied By Financial Institution | 48 | $7,033,000 | $146,000 | $325,000 | $46,000 | $236,000 |
| Application Withdrawn By Applicant | 26 | $3,527,000 | $135,000 | $300,000 | $60,000 | $183,000 |
| Preapproval Denied by Financial Institution | 3 | $368,000 | $122,000 | $141,000 | $32,000 | $52,000 |
| Application Approved But Not Accepted | 2 | $301,000 | $150,000 | $185,000 | $79,000 | $92,000 |
| File Closed For Incompleteness | 2 | $396,000 | $198,000 | $280,000 | $104,000 | $156,000 |
| Preapproval Approved but not Accepted | 1 | $87,000 | $87,000 | $87,000 | $80,000 | $80,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 24 | $3,694,000 | $137,500 | $325,000 | $32,000 | $236,000 |
| Credit History | 15 | $2,197,000 | $146,000 | $325,000 | $54,000 | $121,000 |
| Debt-To-Income Ratio | 9 | $1,067,000 | $124,000 | $176,000 | $45,500 | $80,000 |
| Employment History | 1 | $70,000 | $70,000 | $70,000 | $37,000 | $37,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $193,000 | $193,000 | $193,000 | $52,000 | $52,000 |
| Unverifiable Information | 1 | $180,000 | $180,000 | $180,000 | $51,000 | $51,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Federal Savings & Loan A's 2004 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 & Loan 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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