Geddes Federal Savings & Loan Mortgage Lending & HMDA Data, 2004
In 2004, Geddes Federal Savings & Loan of Syracuse, NY reported 589 mortgage applications totaling $71.9 million, up 20% from 2003. The average application was for $122,098, and applicants reported an average income of $90,685. 88% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Syracuse, NY (572) and Utica-Rome, NY (3).
| Mortgage Company & Address | Geddes Federal Savings & Loan 2208 West Genesee Street Syracuse, NY 13219 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 | 589 |
| Total Mortgage Loan Application Amount | $71,916,000 |
| Average Mortgage Loan Application Amount | $122,098 |
| Highest Mortgage Loan Application Amount | $1,040,000 |
| Average Applicant Income | $90,685 |
| Highest Applicant Income | $1,293,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Geddes Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Onondaga, New York | 510 | $ 61,184,000 | $ 119,968 | $ 92,000 |
| Madison, New York | 40 | $ 6,018,000 | $ 150,450 | $ 83,000 |
| Oswego, New York | 22 | $ 2,201,000 | $ 100,045 | $ 73,000 |
| Cayuga, New York | 8 | $ 1,487,000 | $ 185,875 | $ 115,000 |
| Cortland, New York | 5 | $ 601,000 | $ 120,200 | $ 73,000 |
| Oneida, New York | 3 | $ 320,000 | $ 106,666 | $ 110,000 |
| Seneca, New York | 1 | $ 105,000 | $ 105,000 | $ 54,000 |
Mortgage Loan Application Detail Totals for Geddes 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 |
|---|---|---|---|---|---|---|
| Refinancing | 299 | $33,581,000 | $112,000 | $1,035,000 | $88,000 | $1,293,000 |
| Home Purchase | 274 | $38,154,000 | $139,000 | $1,040,000 | $95,000 | $1,179,000 |
| Home Improvement | 16 | $181,000 | $11,000 | $23,000 | $67,000 | $177,000 |
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 | 546 | $66,409,000 | $121,000 | $1,040,000 | $86,000 | $1,179,000 |
| Not Provided | 22 | $2,836,000 | $128,000 | $308,000 | $104,000 | $1,293,000 |
| Asian | 9 | $1,660,000 | $184,000 | $374,000 | $155,000 | $505,000 |
| Black or African American | 5 | $428,000 | $85,000 | $189,000 | $70,000 | $93,000 |
| American Indian or Alaskan Native | 4 | $305,000 | $76,000 | $116,000 | $60,000 | $91,000 |
| Hispanic | 3 | $278,000 | $92,000 | $153,000 | $51,000 | $85,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 589 | $71,916,000 | $122,000 | $1,040,000 | $89,000 | $1,293,000 |
| 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 | 519 | $59,455,000 | $114,000 | $1,040,000 | $93,000 | $1,293,000 |
| Application Denied By Financial Institution | 40 | $6,243,000 | $156,000 | $1,035,000 | $76,000 | $272,000 |
| Application Approved But Not Accepted | 21 | $4,534,000 | $215,000 | $900,000 | $117,000 | $546,000 |
| Application Withdrawn By Applicant | 9 | $1,684,000 | $187,000 | $800,000 | $84,000 | $212,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 22 | $4,526,000 | $205,000 | $1,035,000 | $85,000 | $272,000 |
| Credit History | 12 | $1,207,000 | $100,000 | $240,000 | $63,000 | $112,000 |
| Collateral | 3 | $138,000 | $46,000 | $76,000 | $52,000 | $85,000 |
| Employment History | 3 | $372,000 | $124,000 | $180,000 | $86,000 | $143,000 |
| 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 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Geddes 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 Geddes 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.
For a list of all lenders in New York, download the full spreadsheet
with aggregated HMDA statistics today.
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