First Federal Savings & Loan Mortgage Lending & HMDA Data, 2006
In 2006, First Federal Savings & Loan of Kewanee, IL reported 180 mortgage applications totaling $10.3 million, down 18% from 2005. The average application was for $57,033, and applicants reported an average income of $52,977. 79% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Davenport-Moline-Rock Island, IA-IL (144), Phoenix-Mesa-Scottsdale, AZ (11) and Peoria, IL (5) (applications in parentheses).
| 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 | 180 |
| Total Mortgage Loan Application Amount | $10,266,000 |
| Average Mortgage Loan Application Amount | $57,033 |
| Highest Mortgage Loan Application Amount | $400,000 |
| Average Applicant Income | $52,977 |
| Highest Applicant Income | $624,000 |
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records First Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Henry, Illinois | 141 | $ 5,581,000 | $ 39,581 | $ 56,000 |
| Maricopa, Arizona | 11 | $ 2,970,000 | $ 270,000 | $ 0 |
| Bureau, Illinois | 11 | $ 769,000 | $ 69,909 | $ 66,000 |
| Knox, Illinois | 6 | $ 378,000 | $ 63,000 | $ 54,000 |
| Stark, Illinois | 4 | $ 194,000 | $ 48,500 | $ 51,000 |
| Whiteside, Illinois | 3 | $ 208,000 | $ 69,333 | $ 44,000 |
| Rock Island, Illinois | 2 | $ 86,000 | $ 43,000 | $ 44,000 |
| Mercer, Illinois | 1 | $ 30,000 | $ 30,000 | $ 70,000 |
| Peoria, Illinois | 1 | $ 50,000 | $ 50,000 | $ 96,000 |
Mortgage Loan Application Detail Totals for First Federal Savings & Loan in 2006
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 | 92 | $5,477,000 | $59,000 | $400,000 | $59,000 | $624,000 |
| Home Improvement | 54 | $1,635,000 | $30,000 | $117,000 | $49,000 | $133,000 |
| Refinancing | 34 | $3,154,000 | $92,000 | $400,000 | $43,000 | $96,000 |
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 | 148 | $6,944,000 | $46,000 | $245,000 | $59,000 | $624,000 |
| Hispanic | 17 | $256,000 | $15,000 | $45,000 | $35,000 | $67,000 |
| Not applicable | 13 | $3,021,000 | $232,000 | $400,000 | $13,000 | $86,000 |
| Black or African American | 2 | $45,000 | $22,000 | $40,000 | $30,000 | $37,000 |
| 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) | 180 | $10,266,000 | $57,000 | $400,000 | $53,000 | $624,000 |
| 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 | 143 | $6,390,000 | $44,000 | $245,000 | $59,000 | $624,000 |
| Application Denied By Financial Institution | 20 | $739,000 | $36,000 | $88,000 | $39,000 | $84,000 |
| Loan Purchased By The Institution | 11 | $2,970,000 | $270,000 | $400,000 | $0 | $0 |
| Application Approved But Not Accepted | 6 | $167,000 | $27,000 | $55,000 | $49,000 | $80,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 14 | $536,000 | $38,000 | $80,000 | $41,000 | $84,000 |
| Debt-To-Income Ratio | 3 | $145,000 | $48,000 | $88,000 | $34,000 | $40,000 |
| Employment History | 3 | $58,000 | $19,000 | $36,000 | $37,000 | $67,000 |
| 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 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Federal Savings & Loan's 2006 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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