Geddes Federal Savings & Loan Mortgage Lending & HMDA Data, 2007
In 2007, Geddes Federal Savings & Loan of Syracuse, NY reported 382 mortgage applications totaling $55.3 million, down 6% from 2006. The average application was for $144,730, and applicants reported an average income of $121,183. 86% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Syracuse, NY (368) and Utica-Rome, NY (10).
| 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 | 382 |
| Total Mortgage Loan Application Amount | $55,287,000 |
| Average Mortgage Loan Application Amount | $144,730 |
| Highest Mortgage Loan Application Amount | $1,300,000 |
| Average Applicant Income | $121,183 |
| Highest Applicant Income | $6,000,000 |
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records Geddes Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 325 | $ 46,387,000 | $ 142,729 | $ 121,000 |
| Madison, New York | 31 | $ 5,526,000 | $ 178,258 | $ 122,000 |
| Oswego, New York | 12 | $ 1,158,000 | $ 96,500 | $ 104,000 |
| Oneida, New York | 10 | $ 1,169,000 | $ 116,900 | $ 86,000 |
| Cortland, New York | 2 | $ 223,000 | $ 111,500 | $ 80,000 |
| Cayuga, New York | 1 | $ 628,000 | $ 628,000 | $ 710,000 |
| Tompkins, New York | 1 | $ 196,000 | $ 196,000 | $ 145,000 |
Mortgage Loan Application Detail Totals for Geddes Federal Savings & Loan in 2007
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 | 207 | $32,654,000 | $157,000 | $1,250,000 | $114,000 | $838,000 |
| Refinancing | 163 | $22,340,000 | $137,000 | $1,300,000 | $134,000 | $6,000,000 |
| Home Improvement | 12 | $293,000 | $24,000 | $56,000 | $71,000 | $179,000 |
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 | 359 | $50,538,000 | $140,000 | $1,300,000 | $120,000 | $6,000,000 |
| Asian | 9 | $3,127,000 | $347,000 | $1,000,000 | $209,000 | $710,000 |
| Black or African American | 5 | $402,000 | $80,000 | $145,000 | $69,000 | $106,000 |
| Hispanic | 4 | $563,000 | $140,000 | $225,000 | $131,000 | $331,000 |
| American Indian or Alaskan Native | 3 | $301,000 | $100,000 | $140,000 | $86,000 | $165,000 |
| Not Provided | 2 | $356,000 | $178,000 | $248,000 | $117,000 | $188,000 |
| 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) | 382 | $55,287,000 | $144,000 | $1,300,000 | $121,000 | $6,000,000 |
| 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 | 330 | $45,439,000 | $137,000 | $1,250,000 | $125,000 | $6,000,000 |
| Application Denied By Financial Institution | 30 | $5,585,000 | $186,000 | $1,300,000 | $80,000 | $511,000 |
| Application Approved But Not Accepted | 15 | $3,534,000 | $235,000 | $1,000,000 | $134,000 | $387,000 |
| Application Withdrawn By Applicant | 7 | $729,000 | $104,000 | $245,000 | $68,000 | $133,000 |
| 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 | $3,671,000 | $166,000 | $1,000,000 | $86,000 | $511,000 |
| Credit History | 6 | $285,000 | $47,000 | $68,000 | $51,000 | $83,000 |
| Unverifiable Information | 2 | $1,629,000 | $814,000 | $1,300,000 | $105,000 | $210,000 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Geddes Federal Savings & Loan's 2007 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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