Geddes Federal Savings & Loan Mortgage Lending & HMDA Data, 2009
In 2009, Geddes Federal Savings & Loan of Syracuse, NY reported 736 mortgage applications totaling $109.0 million, up 77% from 2008. The average application was for $148,100, and applicants reported an average income of $122,016. 85% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Syracuse, NY (709) and Utica-Rome, NY (6).
| 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 | 736 |
| Total Mortgage Loan Application Amount | $109,002,000 |
| Average Mortgage Loan Application Amount | $148,100 |
| Highest Mortgage Loan Application Amount | $1,140,000 |
| Average Applicant Income | $122,016 |
| Highest Applicant Income | $2,752,000 |
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records Geddes Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 709 | $ 104,688,000 | $ 147,655 | $ 122,000 |
| Utica-Rome, NY | 6 | $ 815,000 | $ 135,833 | $ 109,000 |
Mortgage Loan Application Detail Totals for Geddes Federal Savings & Loan in 2009
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 | 500 | $74,703,000 | $149,000 | $1,120,000 | $121,000 | $2,752,000 |
| Home Purchase | 220 | $34,066,000 | $154,000 | $1,140,000 | $126,000 | $1,400,000 |
| Home Improvement | 16 | $233,000 | $14,000 | $35,000 | $99,000 | $333,000 |
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 | 693 | $102,519,000 | $147,000 | $1,140,000 | $122,000 | $2,752,000 |
| Asian | 14 | $2,095,000 | $149,000 | $343,000 | $95,000 | $200,000 |
| Hispanic | 10 | $1,048,000 | $104,000 | $256,000 | $152,000 | $783,000 |
| Not Provided | 9 | $1,824,000 | $202,000 | $416,000 | $188,000 | $548,000 |
| Black or African American | 8 | $832,000 | $104,000 | $198,000 | $73,000 | $165,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $684,000 | $342,000 | $611,000 | $111,000 | $200,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 736 | $109,002,000 | $148,000 | $1,140,000 | $122,000 | $2,752,000 |
| 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 | 627 | $94,807,000 | $151,000 | $1,140,000 | $128,000 | $2,752,000 |
| Application Denied By Financial Institution | 65 | $8,400,000 | $129,000 | $405,000 | $69,000 | $410,000 |
| Application Approved But Not Accepted | 27 | $3,916,000 | $145,000 | $360,000 | $121,000 | $392,000 |
| Application Withdrawn By Applicant | 17 | $1,879,000 | $110,000 | $218,000 | $95,000 | $175,000 |
| 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 | 35 | $3,980,000 | $113,000 | $338,000 | $50,000 | $138,000 |
| Credit History | 18 | $2,467,000 | $137,000 | $375,000 | $89,000 | $410,000 |
| Other | 6 | $1,283,000 | $213,000 | $405,000 | $129,000 | $246,000 |
| Collateral | 2 | $259,000 | $129,000 | $135,000 | $70,000 | $75,000 |
| Employment History | 2 | $216,000 | $108,000 | $162,000 | $59,000 | $91,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $195,000 | $97,000 | $132,000 | $60,000 | $70,000 |
| 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 Geddes Federal Savings & Loan's 2009 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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