Klamath First Federal S & L Mortgage Lending & HMDA Data, 2003
In 2003, Klamath First Federal S & L of Klamath Falls, OR reported 1,845 mortgage applications totaling $198.5 million. The average application was for $107,575, and applicants reported an average income of $58,892. 77% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Medford-Ashland, OR (320), Richland-Kennewick-Pasco, WA (89) and Eugene-Springfield, OR (57) (applications in parentheses).
| Mortgage Company & Address | Klamath First Federal S & L 540 Main Street Klamath Falls, OR 97601 |
| Federal Regulator | * available with data download |
| Years | 2003 |
| Total Number of Mortgage Applications | 1,845 |
| Total Mortgage Loan Application Amount | $198,476,000 |
| Average Mortgage Loan Application Amount | $107,575 |
| Highest Mortgage Loan Application Amount | $1,400,000 |
| Average Applicant Income | $58,892 |
| Highest Applicant Income | $872,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Klamath First Federal S & L filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Klamath First Federal S & L in 2003
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 (home purchase or home improvement, one-to-four family) | 1,374 | $153,460,000 | $121,000 | $1,400,000 | $60,000 | $872,000 |
| Home Purchase (one-to-four family) | 354 | $37,418,000 | $91,500 | $650,000 | $47,750 | $377,000 |
| Home Improvement (one-to-four family) | 102 | $3,501,000 | $27,666 | $190,000 | $37,333 | $692,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 15 | $4,097,000 | $242,000 | $846,000 | $0 | $0 |
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 | 1,704 | $184,979,000 | $109,500 | $1,400,000 | $56,000 | $872,000 |
| Hispanic | 72 | $5,329,000 | $65,000 | $233,000 | $37,250 | $160,000 |
| American Indian or Alaskan Native | 24 | $2,247,000 | $93,000 | $170,000 | $57,000 | $198,000 |
| Other | 12 | $1,394,000 | $116,000 | $228,000 | $41,000 | $109,000 |
| Not applicable | 11 | $1,313,000 | $158,500 | $250,000 | $20,000 | $103,000 |
| Asian or Pacific Islander | 11 | $2,025,000 | $198,500 | $340,000 | $105,500 | $158,000 |
| Information not provided by applicant in mail or telephone application | 7 | $989,000 | $145,000 | $165,000 | $45,000 | $79,000 |
| Black | 4 | $200,000 | $50,000 | $83,000 | $29,000 | $58,000 |
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) | 1,815 | $196,218,000 | $106,500 | $1,400,000 | $52,750 | $872,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 30 | $2,258,000 | $75,000 | $195,000 | $29,000 | $50,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 1,425 | $151,701,000 | $112,500 | $1,032,000 | $53,500 | $858,000 |
| Application Denied By Financial Institution | 341 | $38,754,000 | $118,000 | $1,400,000 | $51,000 | $872,000 |
| Application Approved But Not Accepted | 61 | $5,960,000 | $57,000 | $650,000 | $42,500 | $377,000 |
| Application Withdrawn By Applicant | 18 | $2,061,000 | $108,333 | $341,000 | $73,000 | $259,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 | 178 | $17,038,000 | $74,333 | $400,000 | $53,000 | $294,000 |
| Debt-To-Income Ratio | 111 | $13,950,000 | $135,500 | $660,000 | $44,000 | $203,000 |
| Collateral | 26 | $2,991,000 | $112,333 | $450,000 | $40,666 | $251,000 |
| Other | 11 | $2,621,000 | $238,000 | $1,400,000 | $161,000 | $872,000 |
| Unverifiable Information | 7 | $963,000 | $88,500 | $400,000 | $46,000 | $199,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $754,000 | $125,000 | $224,000 | $58,000 | $121,000 |
| Credit Application Incomplete | 2 | $437,000 | $218,000 | $323,000 | $147,000 | $294,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Klamath First Federal S & L's 2003 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 Klamath First Federal S & L'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.
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