Kentucky Federal S & L Assn Mortgage Lending & HMDA Data, 2006
In 2006, Kentucky Federal S & L Assn of Covington, KY reported 55 mortgage applications totaling $5.5 million, down 14% from 2005. The average application was for $100,381, and applicants reported an average income of $137,054. 84% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Cincinnati-Middletown, OH-KY-IN (42) and Lexington-Fayette, KY (6).
| Mortgage Company & Address | Kentucky Federal S & L Assn 1050 Scott Street Covington, KY 41011 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 55 |
| Total Mortgage Loan Application Amount | $5,521,000 |
| Average Mortgage Loan Application Amount | $100,381 |
| Highest Mortgage Loan Application Amount | $450,000 |
| Average Applicant Income | $137,054 |
| Highest Applicant Income | $711,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Kentucky Federal S & L Assn filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Boone, Kentucky | 17 | $ 1,334,000 | $ 78,470 | $ 201,000 |
| Kenton, Kentucky | 15 | $ 1,223,000 | $ 81,533 | $ 87,000 |
| Anderson, Kentucky | 5 | $ 800,000 | $ 160,000 | $ 70,000 |
| Fayette, Kentucky | 3 | $ 194,000 | $ 64,666 | $ 39,000 |
| Pendleton, Kentucky | 3 | $ 283,000 | $ 94,333 | $ 67,000 |
| Scott, Kentucky | 3 | $ 295,000 | $ 98,333 | $ 48,000 |
| Clermont, Ohio | 3 | $ 298,000 | $ 99,333 | $ 484,000 |
| Owen, Kentucky | 2 | $ 312,000 | $ 156,000 | $ 98,000 |
| Hamilton, Ohio | 2 | $ 538,000 | $ 269,000 | $ 131,000 |
| Campbell, Kentucky | 1 | $ 6,000 | $ 6,000 | $ 27,000 |
| Grant, Kentucky | 1 | $ 238,000 | $ 238,000 | $ 79,000 |
Mortgage Loan Application Detail Totals for Kentucky Federal S & L Assn in 2006
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 | 33 | $3,243,000 | $98,000 | $450,000 | $144,000 | $340,000 |
| Refinancing | 18 | $2,232,000 | $124,000 | $238,000 | $145,000 | $711,000 |
| Home Improvement | 4 | $46,000 | $11,000 | $22,000 | $44,000 | $86,000 |
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 | 49 | $5,210,000 | $106,000 | $450,000 | $150,000 | $711,000 |
| Black or African American | 5 | $223,000 | $44,000 | $78,000 | $29,000 | $36,000 |
| Hispanic | 1 | $88,000 | $88,000 | $88,000 | $25,000 | $25,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 55 | $5,521,000 | $100,000 | $450,000 | $137,000 | $711,000 |
| 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 | 46 | $4,621,000 | $100,000 | $450,000 | $153,000 | $711,000 |
| Application Denied By Financial Institution | 6 | $515,000 | $85,000 | $181,000 | $43,000 | $75,000 |
| Application Withdrawn By Applicant | 3 | $385,000 | $128,000 | $238,000 | $87,000 | $160,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Credit History | 3 | $166,000 | $55,000 | $78,000 | $33,000 | $36,000 |
| Debt-To-Income Ratio | 1 | $181,000 | $181,000 | $181,000 | $75,000 | $75,000 |
| Collateral | 1 | $80,000 | $80,000 | $80,000 | $59,000 | $59,000 |
| Unverifiable Information | 1 | $88,000 | $88,000 | $88,000 | $25,000 | $25,000 |
| 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 Kentucky Federal S & L Assn's 2006 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 Kentucky Federal S & L Assn'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 Kentucky, download the full spreadsheet
with aggregated HMDA statistics today.
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