First Federal Savings & Loan Mortgage Lending & HMDA Data, 2010
In 2010, First Federal Savings & Loan of Kewanee, IL reported 142 mortgage applications totaling $8.3 million, down 4% from 2009. The average application was for $58,556, and applicants reported an average income of $59,190. 81% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Davenport-Moline-Rock Island, IA-IL (120) and Peoria, IL (5).
| Mortgage Company & Address | First Federal Savings & Loan 101 West Central Blvd Kewanee, IL 61443 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 | 142 |
| Total Mortgage Loan Application Amount | $8,315,000 |
| Average Mortgage Loan Application Amount | $58,556 |
| Highest Mortgage Loan Application Amount | $417,000 |
| Average Applicant Income | $59,190 |
| Highest Applicant Income | $283,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 |
|---|---|---|---|---|---|---|
| Home Improvement | 51 | $2,099,000 | $41,000 | $156,000 | $55,000 | $132,000 |
| Refinancing | 49 | $4,226,000 | $86,000 | $417,000 | $68,000 | $283,000 |
| Home Purchase | 42 | $1,990,000 | $47,000 | $198,000 | $54,000 | $187,000 |
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 | 135 | $8,121,000 | $60,000 | $417,000 | $61,000 | $283,000 |
| Hispanic | 4 | $72,000 | $18,000 | $37,000 | $29,000 | $43,000 |
| Black or African American | 2 | $92,000 | $46,000 | $70,000 | $43,000 | $58,000 |
| Not applicable | 1 | $30,000 | $30,000 | $30,000 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 142 | $8,315,000 | $58,000 | $417,000 | $59,000 | $283,000 |
| 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 | 115 | $6,923,000 | $60,000 | $417,000 | $62,000 | $283,000 |
| Application Denied By Financial Institution | 15 | $741,000 | $49,000 | $108,000 | $44,000 | $92,000 |
| Application Approved But Not Accepted | 9 | $485,000 | $53,000 | $150,000 | $52,000 | $91,000 |
| Application Withdrawn By Applicant | 3 | $166,000 | $55,000 | $76,000 | $46,000 | $58,000 |
| File Closed For Incompleteness | 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 | 7 | $425,000 | $60,000 | $100,000 | $39,000 | $62,000 |
| Debt-To-Income Ratio | 5 | $151,000 | $30,000 | $38,000 | $41,000 | $64,000 |
| Employment History | 1 | $35,000 | $35,000 | $35,000 | $36,000 | $36,000 |
| Collateral | 1 | $108,000 | $108,000 | $108,000 | $92,000 | $92,000 |
| Unverifiable Information | 1 | $22,000 | $22,000 | $22,000 | $67,000 | $67,000 |
| Credit Application Incomplete | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Federal Savings & Loan'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 Savings & Loan'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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