Loomis Fed Sav & Loan Assn Mortgage Lending & HMDA Data, 2003
In 2003, Loomis Fed Sav & Loan Assn of Chicago, IL reported 85 mortgage applications totaling $11.3 million. The average application was for $133,364, and applicants reported an average income of $72,941. 94% of its applications resulted in an originated loan and 4% were denied. Its largest market was Chicago, IL (85).
| Mortgage Company & Address | Loomis Fed Sav & Loan Assn 6350 W 63rd Street Chicago, IL 60638 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 | 85 |
| Total Mortgage Loan Application Amount | $11,336,000 |
| Average Mortgage Loan Application Amount | $133,364 |
| Highest Mortgage Loan Application Amount | $410,000 |
| Average Applicant Income | $72,941 |
| Highest Applicant Income | $290,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Loomis Fed Sav & Loan Assn filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Loomis Fed Sav & Loan Assn 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) | 59 | $8,038,000 | $136,000 | $282,000 | $75,000 | $290,000 |
| Home Purchase (one-to-four family) | 25 | $2,888,000 | $115,000 | $234,000 | $71,000 | $136,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 1 | $410,000 | $410,000 | $410,000 | $0 | $0 |
| Home Improvement (one-to-four family) | 0 | $0 | $0 | $0 | $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 | 68 | $9,121,000 | $134,000 | $410,000 | $67,000 | $290,000 |
| Hispanic | 15 | $1,921,000 | $128,000 | $200,000 | $71,000 | $131,000 |
| Asian or Pacific Islander | 1 | $135,000 | $135,000 | $135,000 | $78,000 | $78,000 |
| Black | 1 | $159,000 | $159,000 | $159,000 | $66,000 | $66,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Information not provided by applicant in mail or telephone application | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 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) | 85 | $11,336,000 | $133,000 | $410,000 | $68,000 | $290,000 |
| 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 | 80 | $10,617,000 | $132,000 | $410,000 | $64,000 | $290,000 |
| Application Denied By Financial Institution | 3 | $460,000 | $153,000 | $183,000 | $78,000 | $103,000 |
| Application Approved But Not Accepted | 1 | $84,000 | $84,000 | $84,000 | $40,000 | $40,000 |
| File Closed For Incompleteness | 1 | $175,000 | $175,000 | $175,000 | $105,000 | $105,000 |
| Application Withdrawn By Applicant | 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 | 1 | $102,000 | $102,000 | $102,000 | $103,000 | $103,000 |
| Debt-To-Income Ratio | 1 | $175,000 | $175,000 | $175,000 | $75,000 | $75,000 |
| Collateral | 1 | $183,000 | $183,000 | $183,000 | $58,000 | $58,000 |
| 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 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Loomis Fed Sav & Loan Assn'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 Loomis Fed Sav & Loan 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.
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