M&I Bank FSB Mortgage Lending & HMDA Data, 2011
In 2011, M&I Bank FSB of Cedarburg, WI reported 3,445 mortgage applications totaling $573.6 million. The average application was for $166,490, and applicants reported an average income of $51,946. 46% of its applications resulted in an originated loan and 38% were denied. Its largest markets were Milwaukee-Waukesha-West Allis, WI (224), Chicago-Joliet-Naperville, IL (219) and Kansas City, MO-KS (172) (applications in parentheses).
| Mortgage Company & Address | M&I Bank FSB W57n14280 Doerr Way Cedarburg, WI 53012 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2011 |
| Total Number of Mortgage Applications | 3,445 |
| Total Mortgage Loan Application Amount | $573,561,000 |
| Average Mortgage Loan Application Amount | $166,490 |
| Highest Mortgage Loan Application Amount | $731,000 |
| Average Applicant Income | $51,946 |
| Highest Applicant Income | $1,061,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records M&I Bank FSB filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 M&I Bank FSB in 2011
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 | 1,740 | $320,079,000 | $183,000 | $700,000 | $43,000 | $1,061,000 |
| Home Purchase | 1,662 | $246,918,000 | $148,000 | $731,000 | $61,000 | $897,000 |
| Home Improvement | 43 | $6,564,000 | $152,000 | $668,000 | $64,000 | $138,000 |
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 | 2,700 | $451,146,000 | $167,000 | $700,000 | $54,000 | $1,061,000 |
| Black or African American | 249 | $40,833,000 | $163,000 | $571,000 | $44,000 | $216,000 |
| Hispanic | 237 | $34,778,000 | $146,000 | $629,000 | $41,000 | $220,000 |
| Not Provided | 173 | $29,069,000 | $168,000 | $569,000 | $49,000 | $197,000 |
| Asian | 67 | $14,376,000 | $214,000 | $731,000 | $69,000 | $296,000 |
| American Indian or Alaskan Native | 9 | $1,589,000 | $176,000 | $294,000 | $36,000 | $77,000 |
| Native Hawaiian or Other Pacific Islander | 8 | $1,193,000 | $149,000 | $313,000 | $68,000 | $190,000 |
| Not applicable | 2 | $577,000 | $288,000 | $300,000 | $264,000 | $529,000 |
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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 2,662 | $454,288,000 | $170,000 | $731,000 | $47,000 | $1,061,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 474 | $57,281,000 | $120,000 | $396,000 | $43,000 | $125,000 |
| VA-guaranteed (Veterans Administration) | 213 | $40,558,000 | $190,000 | $670,000 | $69,000 | $217,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 96 | $21,434,000 | $223,000 | $700,000 | $198,000 | $897,000 |
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 | 1,590 | $264,098,000 | $166,000 | $731,000 | $54,000 | $1,061,000 |
| Application Denied By Financial Institution | 1,316 | $219,057,000 | $166,000 | $695,000 | $51,000 | $516,000 |
| Application Withdrawn By Applicant | 334 | $56,234,000 | $168,000 | $629,000 | $50,000 | $676,000 |
| File Closed For Incompleteness | 161 | $28,786,000 | $178,000 | $501,000 | $52,000 | $190,000 |
| Preapproval Denied by Financial Institution | 32 | $3,171,000 | $99,000 | $208,000 | $51,000 | $135,000 |
| Application Approved But Not Accepted | 11 | $1,938,000 | $176,000 | $264,000 | $56,000 | $395,000 |
| Loan Purchased By The Institution | 1 | $277,000 | $277,000 | $277,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 | 377 | $56,211,000 | $149,000 | $571,000 | $50,000 | $516,000 |
| Collateral | 375 | $63,491,000 | $169,000 | $497,000 | $63,000 | $299,000 |
| Debt-To-Income Ratio | 308 | $50,684,000 | $164,000 | $695,000 | $42,000 | $248,000 |
| Other | 124 | $25,032,000 | $201,000 | $670,000 | $45,000 | $240,000 |
| Unverifiable Information | 67 | $11,070,000 | $165,000 | $407,000 | $55,000 | $217,000 |
| Employment History | 44 | $6,652,000 | $151,000 | $584,000 | $37,000 | $181,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 31 | $5,541,000 | $178,000 | $343,000 | $36,000 | $175,000 |
| Credit Application Incomplete | 22 | $3,547,000 | $161,000 | $345,000 | $56,000 | $192,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into M&I Bank FSB's 2011 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 M&I Bank FSB'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 Wisconsin, download the full spreadsheet
with aggregated HMDA statistics today.
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