Kentucky Federal S & L Assn Mortgage Lending & HMDA Data, 2007
In 2007, Kentucky Federal S & L Assn of Covington, KY reported 66 mortgage applications totaling $9.5 million, up 20% from 2006. The average application was for $143,727, and applicants reported an average income of $139,651. 92% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Cincinnati-Middletown, OH-KY-IN (44) and Lexington-Fayette, KY (14).
| 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 | 66 |
| Total Mortgage Loan Application Amount | $9,486,000 |
| Average Mortgage Loan Application Amount | $143,727 |
| Highest Mortgage Loan Application Amount | $500,000 |
| Average Applicant Income | $139,651 |
| Highest Applicant Income | $367,000 |
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records Kentucky Federal S & L Assn filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Kenton, Kentucky | 16 | $ 1,687,000 | $ 105,437 | $ 100,000 |
| Boone, Kentucky | 15 | $ 2,231,000 | $ 148,733 | $ 198,000 |
| Fayette, Kentucky | 12 | $ 2,098,000 | $ 174,833 | $ 211,000 |
| Campbell, Kentucky | 4 | $ 868,000 | $ 217,000 | $ 144,000 |
| Grant, Kentucky | 4 | $ 852,000 | $ 213,000 | $ 61,000 |
| Mercer, Kentucky | 4 | $ 434,000 | $ 108,500 | $ 49,000 |
| Anderson, Kentucky | 2 | $ 178,000 | $ 89,000 | $ 56,000 |
| Bracken, Kentucky | 2 | $ 103,000 | $ 51,500 | $ 52,000 |
| Clermont, Ohio | 2 | $ 310,000 | $ 155,000 | $ 187,000 |
| Lincoln, Kentucky | 1 | $ 166,000 | $ 166,000 | $ 82,000 |
| Scott, Kentucky | 1 | $ 261,000 | $ 261,000 | $ 188,000 |
| Woodford, Kentucky | 1 | $ 148,000 | $ 148,000 | $ 73,000 |
| Hamilton, Ohio | 1 | $ 20,000 | $ 20,000 | $ 65,000 |
| Highland, Ohio | 1 | $ 130,000 | $ 130,000 | $ 78,000 |
Mortgage Loan Application Detail Totals for Kentucky Federal S & L Assn 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 |
|---|---|---|---|---|---|---|
| Refinancing | 33 | $4,613,000 | $139,000 | $500,000 | $167,000 | $367,000 |
| Home Purchase | 31 | $4,839,000 | $156,000 | $415,000 | $116,000 | $264,000 |
| Home Improvement | 2 | $34,000 | $17,000 | $20,000 | $55,000 | $65,000 |
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 | 62 | $9,019,000 | $145,000 | $500,000 | $143,000 | $367,000 |
| Black or African American | 4 | $467,000 | $116,000 | $258,000 | $89,000 | $156,000 |
| Hispanic | 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 |
| 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) | 65 | $9,422,000 | $144,000 | $500,000 | $141,000 | $367,000 |
| FHA-insured (Federal Housing Administration) | 1 | $64,000 | $64,000 | $64,000 | $54,000 | $54,000 |
| 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 | 61 | $8,825,000 | $144,000 | $500,000 | $148,000 | $367,000 |
| Application Denied By Financial Institution | 2 | $315,000 | $157,000 | $251,000 | $32,000 | $51,000 |
| Application Withdrawn By Applicant | 1 | $90,000 | $90,000 | $90,000 | $19,000 | $19,000 |
| File Closed For Incompleteness | 1 | $240,000 | $240,000 | $240,000 | $62,000 | $62,000 |
| Application Approved But Not Accepted | 1 | $16,000 | $16,000 | $16,000 | $51,000 | $51,000 |
| 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 | 2 | $315,000 | $157,000 | $251,000 | $32,000 | $51,000 |
| 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 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Kentucky Federal S & L Assn'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 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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