M&I Bank FSB Mortgage Lending & HMDA Data, 2010
In 2010, M&I Bank FSB of Cedarburg, WI reported 7,096 mortgage applications totaling $1.2 billion, up 1% from 2009. The average application was for $170,385, and applicants reported an average income of $65,826. 52% of its applications resulted in an originated loan and 34% were denied. Its largest markets were Milwaukee-Waukesha-West Allis, WI (459), Chicago-Joliet-Naperville, IL (441) and Kansas City, MO-KS (365) (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 | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 7,096 |
| Total Mortgage Loan Application Amount | $1,209,055,000 |
| Average Mortgage Loan Application Amount | $170,385 |
| Highest Mortgage Loan Application Amount | $1,060,000 |
| Average Applicant Income | $65,826 |
| Highest Applicant Income | $1,987,000 |
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Act (HMDA) records M&I Bank FSB filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2010
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 | 3,988 | $734,705,000 | $184,000 | $1,060,000 | $69,000 | $708,000 |
| Home Purchase | 2,955 | $452,159,000 | $153,000 | $900,000 | $62,000 | $1,987,000 |
| Home Improvement | 153 | $22,191,000 | $145,000 | $426,000 | $57,000 | $177,000 |
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 | 5,104 | $871,667,000 | $170,000 | $1,060,000 | $66,000 | $895,000 |
| Black or African American | 767 | $124,058,000 | $161,000 | $694,000 | $57,000 | $539,000 |
| Not Provided | 596 | $105,939,000 | $177,000 | $735,000 | $81,000 | $590,000 |
| Hispanic | 456 | $68,562,000 | $150,000 | $721,000 | $53,000 | $539,000 |
| Asian | 131 | $30,243,000 | $230,000 | $701,000 | $71,000 | $234,000 |
| American Indian or Alaskan Native | 27 | $4,700,000 | $174,000 | $416,000 | $74,000 | $210,000 |
| Native Hawaiian or Other Pacific Islander | 13 | $3,069,000 | $236,000 | $800,000 | $209,000 | $1,987,000 |
| Not applicable | 2 | $817,000 | $408,000 | $417,000 | $245,000 | $305,000 |
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) | 6,511 | $1,093,786,000 | $167,000 | $746,000 | $61,000 | $635,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 319 | $64,799,000 | $203,000 | $1,060,000 | $167,000 | $1,987,000 |
| VA-guaranteed (Veterans Administration) | 253 | $48,934,000 | $193,000 | $620,000 | $65,000 | $187,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 13 | $1,536,000 | $118,000 | $173,000 | $39,000 | $73,000 |
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 | 3,671 | $633,088,000 | $172,000 | $1,060,000 | $69,000 | $1,987,000 |
| Application Denied By Financial Institution | 2,421 | $404,751,000 | $167,000 | $746,000 | $59,000 | $603,000 |
| Application Withdrawn By Applicant | 569 | $97,625,000 | $171,000 | $735,000 | $68,000 | $710,000 |
| File Closed For Incompleteness | 400 | $67,669,000 | $169,000 | $687,000 | $73,000 | $519,000 |
| Application Approved But Not Accepted | 30 | $5,286,000 | $176,000 | $417,000 | $65,000 | $340,000 |
| Preapproval Denied by Financial Institution | 5 | $636,000 | $127,000 | $172,000 | $40,000 | $62,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $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 | 723 | $116,910,000 | $161,000 | $719,000 | $60,000 | $539,000 |
| Collateral | 673 | $114,692,000 | $170,000 | $701,000 | $67,000 | $603,000 |
| Debt-To-Income Ratio | 571 | $90,776,000 | $158,000 | $743,000 | $43,000 | $286,000 |
| Unverifiable Information | 171 | $28,315,000 | $165,000 | $534,000 | $56,000 | $293,000 |
| Other | 115 | $24,831,000 | $215,000 | $690,000 | $77,000 | $435,000 |
| Credit Application Incomplete | 82 | $13,883,000 | $169,000 | $473,000 | $68,000 | $480,000 |
| Employment History | 71 | $12,505,000 | $176,000 | $746,000 | $74,000 | $249,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 20 | $3,475,000 | $173,000 | $454,000 | $62,000 | $152,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into M&I Bank FSB's 2010 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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