Geddes Federal Savings & Loan Mortgage Lending & HMDA Data, 2008
In 2008, Geddes Federal Savings & Loan of Syracuse, NY reported 415 mortgage applications totaling $62.4 million, up 9% from 2007. The average application was for $150,416, and applicants reported an average income of $126,542. 90% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Syracuse, NY (392), Utica-Rome, NY (3) and Rochester, NY (1) (applications in parentheses).
| 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 | 415 |
| Total Mortgage Loan Application Amount | $62,423,000 |
| Average Mortgage Loan Application Amount | $150,416 |
| Highest Mortgage Loan Application Amount | $1,876,000 |
| Average Applicant Income | $126,542 |
| Highest Applicant Income | $5,000,000 |
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records Geddes Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Geddes Federal Savings & Loan in 2008
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 | 213 | $36,097,000 | $169,000 | $1,126,000 | $141,000 | $5,000,000 |
| Refinancing | 189 | $26,062,000 | $137,000 | $1,876,000 | $114,000 | $1,063,000 |
| Home Improvement | 13 | $264,000 | $20,000 | $120,000 | $72,000 | $180,000 |
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 | 384 | $57,007,000 | $148,000 | $1,876,000 | $128,000 | $5,000,000 |
| Asian | 12 | $2,967,000 | $247,000 | $644,000 | $124,000 | $270,000 |
| Black or African American | 10 | $765,000 | $76,000 | $143,000 | $66,000 | $178,000 |
| Hispanic | 5 | $325,000 | $65,000 | $81,000 | $39,000 | $45,000 |
| American Indian or Alaskan Native | 2 | $903,000 | $451,000 | $768,000 | $196,000 | $300,000 |
| Not Provided | 2 | $456,000 | $228,000 | $374,000 | $214,000 | $315,000 |
| 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) | 415 | $62,423,000 | $150,000 | $1,876,000 | $126,000 | $5,000,000 |
| 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 | 374 | $55,478,000 | $148,000 | $1,876,000 | $131,000 | $5,000,000 |
| Application Approved But Not Accepted | 20 | $4,058,000 | $202,000 | $638,000 | $108,000 | $486,000 |
| Application Denied By Financial Institution | 19 | $2,648,000 | $139,000 | $644,000 | $60,000 | $178,000 |
| Application Withdrawn By Applicant | 2 | $239,000 | $119,000 | $142,000 | $86,000 | $101,000 |
| 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 | 12 | $2,022,000 | $168,000 | $644,000 | $67,000 | $178,000 |
| Employment History | 3 | $264,000 | $88,000 | $117,000 | $49,000 | $72,000 |
| Collateral | 2 | $225,000 | $112,000 | $135,000 | $53,000 | $68,000 |
| Credit History | 2 | $137,000 | $68,000 | $117,000 | $49,000 | $78,000 |
| 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 |
| Other | 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 2008 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.
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