First Federal Savings & Loan A Mortgage Lending & HMDA Data, 2005
In 2005, First Federal Savings & Loan A of McMinnville, OR reported 393 mortgage applications totaling $60.4 million, up 3% from 2004. The average application was for $153,656, and applicants reported an average income of $77,498. 75% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Portland-Vancouver-Beaverton, OR-WA (349), Salem, OR (35) and Corvallis, OR (1) (applications in parentheses).
| 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 | 393 |
| Total Mortgage Loan Application Amount | $60,387,000 |
| Average Mortgage Loan Application Amount | $153,656 |
| Highest Mortgage Loan Application Amount | $800,000 |
| Average Applicant Income | $77,498 |
| Highest Applicant Income | $374,000 |
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records First Federal Savings & Loan A filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2005
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 | 221 | $37,944,000 | $171,000 | $800,000 | $93,000 | $374,000 |
| Refinancing | 142 | $21,386,000 | $150,000 | $800,000 | $67,000 | $349,000 |
| Home Improvement | 30 | $1,057,000 | $35,000 | $186,000 | $13,000 | $122,000 |
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 | 367 | $57,701,000 | $157,000 | $800,000 | $67,000 | $370,000 |
| Hispanic | 19 | $1,591,000 | $83,000 | $202,000 | $55,000 | $284,000 |
| Asian | 3 | $263,000 | $87,000 | $135,000 | $98,000 | $134,000 |
| American Indian or Alaskan Native | 2 | $207,000 | $103,000 | $132,000 | $36,000 | $47,000 |
| Not Provided | 1 | $595,000 | $595,000 | $595,000 | $374,000 | $374,000 |
| Black or African American | 1 | $30,000 | $30,000 | $30,000 | $78,000 | $78,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 393 | $60,387,000 | $153,000 | $800,000 | $71,000 | $374,000 |
| 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 | 296 | $45,760,000 | $154,000 | $800,000 | $78,000 | $349,000 |
| Application Denied By Financial Institution | 57 | $8,610,000 | $151,000 | $750,000 | $39,000 | $166,000 |
| Application Withdrawn By Applicant | 34 | $5,415,000 | $159,000 | $595,000 | $116,000 | $374,000 |
| File Closed For Incompleteness | 6 | $602,000 | $100,000 | $150,000 | $84,000 | $370,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 26 | $3,315,000 | $127,000 | $326,000 | $39,000 | $142,000 |
| Collateral | 19 | $3,769,000 | $198,000 | $750,000 | $58,000 | $166,000 |
| Debt-To-Income Ratio | 10 | $1,346,000 | $134,000 | $220,000 | $24,000 | $53,000 |
| Other | 2 | $180,000 | $90,000 | $150,000 | $15,000 | $31,000 |
| 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 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Federal Savings & Loan A's 2005 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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