First Federal Savings & Loan Mortgage Lending & HMDA Data, 2005
In 2005, First Federal Savings & Loan of Kewanee, IL reported 220 mortgage applications totaling $12.6 million, down 21% from 2004. The average application was for $57,118, and applicants reported an average income of $45,654. 79% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (15) and Peoria, IL (10).
| 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 | 220 |
| Total Mortgage Loan Application Amount | $12,566,000 |
| Average Mortgage Loan Application Amount | $57,118 |
| Highest Mortgage Loan Application Amount | $395,000 |
| Average Applicant Income | $45,654 |
| Highest Applicant Income | $240,000 |
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records First Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 | 91 | $6,064,000 | $136,000 | $395,000 | $25,000 | $181,000 |
| Home Improvement | 71 | $2,656,000 | $117,500 | $234,000 | $23,500 | $133,000 |
| Refinancing | 58 | $3,846,000 | $161,500 | $395,000 | $25,500 | $240,000 |
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 | 192 | $8,451,000 | $44,000 | $237,000 | $51,000 | $240,000 |
| Not applicable | 16 | $3,801,000 | $237,000 | $395,000 | $0 | $0 |
| Hispanic | 12 | $314,000 | $26,000 | $62,000 | $40,000 | $66,000 |
| 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 |
| Black or African American | 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) | 220 | $12,566,000 | $139,500 | $395,000 | $25,000 | $240,000 |
| 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 | 174 | $6,963,000 | $40,000 | $234,000 | $60,000 | $240,000 |
| Application Denied By Financial Institution | 17 | $1,043,000 | $61,000 | $237,000 | $43,000 | $91,000 |
| Loan Purchased By The Institution | 16 | $3,801,000 | $237,000 | $395,000 | $0 | $0 |
| Application Approved But Not Accepted | 7 | $383,000 | $54,000 | $121,000 | $45,000 | $67,000 |
| Application Withdrawn By Applicant | 6 | $376,000 | $62,000 | $96,000 | $36,000 | $108,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 8 | $514,000 | $64,000 | $169,000 | $45,000 | $73,000 |
| Employment History | 7 | $252,000 | $36,000 | $53,000 | $31,000 | $60,000 |
| Debt-To-Income Ratio | 1 | $237,000 | $237,000 | $237,000 | $91,000 | $91,000 |
| Collateral | 1 | $40,000 | $40,000 | $40,000 | $34,000 | $34,000 |
| 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 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Federal Savings & Loan'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'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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