M&I Bank FSB Mortgage Lending & HMDA Data, 2003
In 2003, M&I Bank FSB of Cedarburg, WI reported 9,842 mortgage applications totaling $1.2 billion. The average application was for $122,770, and applicants reported an average income of $59,733. 35% of its applications resulted in an originated loan and 37% were denied. Its largest markets were Minneapolis-St. Paul, MN-WI (1,077), Cincinnati, OH-KY-IN (441) and Indianapolis, IN (404) (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 | 9,842 |
| Total Mortgage Loan Application Amount | $1,208,310,000 |
| Average Mortgage Loan Application Amount | $122,770 |
| Highest Mortgage Loan Application Amount | $4,300,000 |
| Average Applicant Income | $59,733 |
| Highest Applicant Income | $1,985,000 |
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Act (HMDA) records M&I Bank FSB filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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) | 9,064 | $1,141,583,000 | $142,309 | $2,625,000 | $69,523 | $1,985,000 |
| Home Purchase (one-to-four family) | 399 | $53,441,000 | $131,550 | $4,300,000 | $73,700 | $1,034,000 |
| Home Improvement (one-to-four family) | 379 | $13,286,000 | $47,565 | $230,000 | $70,956 | $679,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 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 | 7,089 | $871,613,000 | $148,289 | $4,300,000 | $68,236 | $1,034,000 |
| Information not provided by applicant in mail or telephone application | 2,056 | $255,309,000 | $139,853 | $2,625,000 | $71,731 | $1,985,000 |
| Black | 400 | $43,679,000 | $117,909 | $350,000 | $64,500 | $203,000 |
| Hispanic | 134 | $14,837,000 | $126,333 | $300,000 | $63,611 | $165,000 |
| Asian or Pacific Islander | 119 | $16,506,000 | $142,733 | $960,000 | $73,400 | $600,000 |
| Other | 31 | $4,455,000 | $159,307 | $350,000 | $59,769 | $204,000 |
| American Indian or Alaskan Native | 12 | $1,561,000 | $135,333 | $235,000 | $81,166 | $148,000 |
| Not applicable | 1 | $350,000 | $350,000 | $350,000 | $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) | 9,842 | $1,208,310,000 | $142,380 | $4,300,000 | $69,785 | $1,985,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 3,660 | $436,113,000 | $136,725 | $413,000 | $69,975 | $679,000 |
| Loan Originated | 3,405 | $440,504,000 | $160,388 | $4,300,000 | $75,361 | $1,985,000 |
| File Closed For Incompleteness | 2,249 | $264,511,000 | $138,117 | $350,000 | $66,235 | $629,000 |
| Application Withdrawn By Applicant | 328 | $41,870,000 | $142,304 | $800,000 | $76,304 | $306,000 |
| Application Approved But Not Accepted | 198 | $24,881,000 | $144,666 | $600,000 | $66,277 | $302,000 |
| Loan Purchased By The Institution | 2 | $431,000 | $215,500 | $266,000 | $117,500 | $161,000 |
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 | 1,373 | $171,097,000 | $140,966 | $394,000 | $56,900 | $220,000 |
| Credit History | 1,182 | $125,693,000 | $132,500 | $380,000 | $74,000 | $679,000 |
| Collateral | 701 | $86,102,000 | $141,103 | $413,000 | $78,448 | $448,000 |
| Other | 218 | $31,161,000 | $150,787 | $350,000 | $81,181 | $423,000 |
| Credit Application Incomplete | 124 | $14,877,000 | $124,400 | $375,000 | $71,500 | $256,000 |
| Employment History | 38 | $4,374,000 | $136,928 | $281,000 | $60,214 | $140,000 |
| Unverifiable Information | 23 | $2,723,000 | $131,833 | $316,000 | $59,916 | $132,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $86,000 | $86,000 | $86,000 | $20,000 | $20,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into M&I Bank FSB'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 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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