Geddes Federal Savings & Loan Mortgage Lending & HMDA Data, 2010
In 2010, Geddes Federal Savings & Loan of Syracuse, NY reported 583 mortgage applications totaling $89.9 million, down 21% from 2009. The average application was for $154,207, and applicants reported an average income of $118,032. 86% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Syracuse, NY (559) and Utica-Rome, NY (11).
| 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 | 583 |
| Total Mortgage Loan Application Amount | $89,903,000 |
| Average Mortgage Loan Application Amount | $154,207 |
| Highest Mortgage Loan Application Amount | $1,850,000 |
| Average Applicant Income | $118,032 |
| Highest Applicant Income | $1,500,000 |
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records Geddes Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Syracuse, NY | 559 | $ 86,190,000 | $ 154,186 | $ 117,000 |
| Utica-Rome, NY | 11 | $ 1,413,000 | $ 128,454 | $ 105,000 |
Mortgage Loan Application Detail Totals for Geddes Federal Savings & Loan in 2010
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 | 341 | $55,848,000 | $163,000 | $1,850,000 | $123,000 | $1,500,000 |
| Home Purchase | 229 | $33,819,000 | $147,000 | $468,000 | $112,000 | $1,220,000 |
| Home Improvement | 13 | $236,000 | $18,000 | $95,000 | $94,000 | $194,000 |
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 | 549 | $85,071,000 | $154,000 | $1,850,000 | $118,000 | $1,500,000 |
| Asian | 17 | $2,168,000 | $127,000 | $395,000 | $111,000 | $464,000 |
| Hispanic | 7 | $829,000 | $118,000 | $420,000 | $134,000 | $657,000 |
| Black or African American | 5 | $535,000 | $107,000 | $239,000 | $90,000 | $212,000 |
| Not Provided | 5 | $1,300,000 | $260,000 | $750,000 | $123,000 | $155,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 583 | $89,903,000 | $154,000 | $1,850,000 | $118,000 | $1,500,000 |
| 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 | 503 | $76,451,000 | $151,000 | $1,850,000 | $121,000 | $1,500,000 |
| Application Denied By Financial Institution | 46 | $6,717,000 | $146,000 | $535,000 | $79,000 | $183,000 |
| Application Approved But Not Accepted | 20 | $3,743,000 | $187,000 | $354,000 | $129,000 | $520,000 |
| Application Withdrawn By Applicant | 13 | $2,827,000 | $217,000 | $750,000 | $105,000 | $237,000 |
| File Closed For Incompleteness | 1 | $165,000 | $165,000 | $165,000 | $193,000 | $193,000 |
| 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 | 27 | $4,154,000 | $153,000 | $535,000 | $69,000 | $183,000 |
| Employment History | 7 | $1,106,000 | $158,000 | $324,000 | $77,000 | $142,000 |
| Credit History | 7 | $524,000 | $74,000 | $100,000 | $61,000 | $125,000 |
| Collateral | 3 | $536,000 | $178,000 | $220,000 | $148,000 | $158,000 |
| Other | 2 | $397,000 | $198,000 | $260,000 | $173,000 | $175,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Geddes Federal Savings & Loan's 2010 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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