First Federal Savings & Loan Mortgage Lending & HMDA Data, 2004
In 2004, First Federal Savings & Loan of Kewanee, IL reported 277 mortgage applications totaling $14.6 million, down 18% from 2003. The average application was for $52,747, and applicants reported an average income of $62,129. 87% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (16) 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 | 277 |
| Total Mortgage Loan Application Amount | $14,611,000 |
| Average Mortgage Loan Application Amount | $52,747 |
| Highest Mortgage Loan Application Amount | $386,000 |
| Average Applicant Income | $62,129 |
| Highest Applicant Income | $492,000 |
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records First Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Phoenix-Mesa-Scottsdale, AZ | 16 | $ 3,260,000 | $ 203,750 | $ 0 |
| Peoria, IL | 5 | $ 248,000 | $ 49,600 | $ 90,000 |
Mortgage Loan Application Detail Totals for First Federal Savings & Loan 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 | 121 | $6,598,000 | $113,000 | $386,000 | $26,000 | $492,000 |
| Refinancing | 79 | $5,475,000 | $144,500 | $308,000 | $26,500 | $132,000 |
| Home Improvement | 77 | $2,538,000 | $32,000 | $122,000 | $99,000 | $324,000 |
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 | 237 | $10,140,000 | $42,000 | $250,000 | $66,000 | $492,000 |
| Not applicable | 19 | $3,810,000 | $165,000 | $386,000 | $0 | $0 |
| Hispanic | 19 | $492,000 | $25,000 | $62,000 | $35,000 | $57,000 |
| American Indian or Alaskan Native | 1 | $47,000 | $47,000 | $47,000 | $21,000 | $21,000 |
| Asian | 1 | $122,000 | $122,000 | $122,000 | $324,000 | $324,000 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 277 | $14,611,000 | $125,500 | $386,000 | $31,000 | $492,000 |
| 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 | 240 | $10,186,000 | $42,000 | $250,000 | $73,000 | $492,000 |
| Loan Purchased By The Institution | 17 | $3,568,000 | $209,000 | $386,000 | $0 | $0 |
| Application Approved But Not Accepted | 8 | $415,000 | $51,000 | $175,000 | $23,000 | $60,000 |
| Application Denied By Financial Institution | 7 | $237,000 | $33,000 | $62,000 | $42,000 | $90,000 |
| Application Withdrawn By Applicant | 5 | $205,000 | $41,000 | $75,000 | $87,000 | $115,000 |
| 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 |
|---|---|---|---|---|---|---|
| Employment History | 3 | $105,000 | $35,000 | $62,000 | $41,000 | $48,000 |
| Credit History | 2 | $64,000 | $32,000 | $52,000 | $35,000 | $36,000 |
| Debt-To-Income Ratio | 1 | $32,000 | $32,000 | $32,000 | $11,000 | $11,000 |
| Other | 1 | $36,000 | $36,000 | $36,000 | $90,000 | $90,000 |
| Unverifiable Information | 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 |
| 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 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'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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