First Federal S & L of Lorain Mortgage Lending & HMDA Data, 2003
In 2003, First Federal S & L of Lorain of Lorain, OH reported 797 mortgage applications totaling $86.3 million. The average application was for $108,262, and applicants reported an average income of $63,966. 75% of its applications resulted in an originated loan and 4% were denied. Its largest market was Cleveland-Lorain-Elyria, OH (577).
| Mortgage Company & Address | First Federal S & L of Lorain 3721 Oberlin Ave Lorain, OH 44053 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 | 797 |
| Total Mortgage Loan Application Amount | $86,285,000 |
| Average Mortgage Loan Application Amount | $108,262 |
| Highest Mortgage Loan Application Amount | $950,000 |
| Average Applicant Income | $63,966 |
| Highest Applicant Income | $849,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Federal S & L of Lorain filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 S & L of Lorain in 2003
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 |
|---|---|---|---|---|---|---|
| Refinancing (home purchase or home improvement, one-to-four family) | 447 | $43,187,000 | $96,000 | $468,000 | $61,000 | $849,000 |
| Home Purchase (one-to-four family) | 334 | $37,193,000 | $111,000 | $325,000 | $71,000 | $510,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 16 | $5,905,000 | $369,000 | $950,000 | $0 | $0 |
| Home Improvement (one-to-four family) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 710 | $78,021,000 | $109,000 | $950,000 | $63,000 | $849,000 |
| Hispanic | 46 | $3,969,000 | $86,000 | $219,000 | $56,000 | $106,000 |
| Black | 19 | $1,549,000 | $81,000 | $209,000 | $60,000 | $141,000 |
| Not applicable | 15 | $2,167,000 | $144,000 | $425,000 | $65,000 | $318,000 |
| Other | 3 | $206,000 | $68,000 | $77,000 | $19,000 | $39,000 |
| American Indian or Alaskan Native | 2 | $245,000 | $122,000 | $185,000 | $97,000 | $135,000 |
| Asian or Pacific Islander | 2 | $128,000 | $64,000 | $64,000 | $103,000 | $103,000 |
| Information not provided by applicant in mail or telephone application | 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) | 797 | $86,285,000 | $108,000 | $950,000 | $63,000 | $849,000 |
| 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 | 596 | $63,027,000 | $105,000 | $950,000 | $70,000 | $849,000 |
| Application Withdrawn By Applicant | 114 | $11,744,000 | $103,000 | $425,000 | $55,000 | $218,000 |
| Application Approved But Not Accepted | 50 | $6,434,000 | $128,000 | $948,000 | $58,000 | $390,000 |
| Application Denied By Financial Institution | 35 | $4,832,000 | $138,000 | $315,000 | $64,000 | $305,000 |
| File Closed For Incompleteness | 2 | $248,000 | $124,000 | $163,000 | $0 | $0 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 14 | $2,267,000 | $161,000 | $315,000 | $50,000 | $305,000 |
| Credit History | 9 | $851,000 | $94,000 | $190,000 | $42,000 | $77,000 |
| Other | 6 | $961,000 | $160,000 | $309,000 | $96,000 | $129,000 |
| Collateral | 3 | $292,000 | $97,000 | $136,000 | $70,000 | $80,000 |
| Employment History | 2 | $371,000 | $185,000 | $231,000 | $76,000 | $88,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $90,000 | $90,000 | $90,000 | $63,000 | $63,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 S & L of Lorain's 2003 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 S & L of Lorain'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.
For a list of all lenders in Ohio, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About