M&I Bank FSB Mortgage Lending & HMDA Data, 2006
In 2006, M&I Bank FSB of Cedarburg, WI reported 28,012 mortgage applications totaling $4.0 billion, up 17% from 2005. The average application was for $143,165, and applicants reported an average income of $72,242. 31% of its applications resulted in an originated loan and 38% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (1,574), St. Louis, MO-IL (1,416) and Kansas City, MO-KS (1,371) (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 | 28,012 |
| Total Mortgage Loan Application Amount | $4,010,352,000 |
| Average Mortgage Loan Application Amount | $143,165 |
| Highest Mortgage Loan Application Amount | $6,406,000 |
| Average Applicant Income | $72,242 |
| Highest Applicant Income | $3,226,000 |
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Act (HMDA) records M&I Bank FSB filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2006
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 | 20,639 | $3,046,584,000 | $147,000 | $1,520,000 | $73,000 | $1,749,000 |
| Home Purchase | 4,494 | $663,997,000 | $147,000 | $6,406,000 | $67,000 | $3,226,000 |
| Home Improvement | 2,879 | $299,771,000 | $104,000 | $1,600,000 | $75,000 | $732,000 |
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 | 17,842 | $2,509,982,000 | $140,000 | $6,406,000 | $74,000 | $3,226,000 |
| Not Provided | 5,231 | $753,133,000 | $143,000 | $1,584,000 | $71,000 | $996,000 |
| Black or African American | 3,367 | $479,276,000 | $142,000 | $800,000 | $64,000 | $936,000 |
| Hispanic | 1,123 | $187,036,000 | $166,000 | $1,200,000 | $69,000 | $1,592,000 |
| Asian | 290 | $49,403,000 | $170,000 | $548,000 | $80,000 | $522,000 |
| American Indian or Alaskan Native | 76 | $9,102,000 | $119,000 | $290,000 | $66,000 | $159,000 |
| Native Hawaiian or Other Pacific Islander | 73 | $11,634,000 | $159,000 | $552,000 | $89,000 | $420,000 |
| Not applicable | 10 | $10,786,000 | $1,078,000 | $4,574,000 | $156,000 | $608,000 |
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) | 28,012 | $4,010,352,000 | $143,000 | $6,406,000 | $72,000 | $3,226,000 |
| 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 | 10,712 | $1,560,760,000 | $145,000 | $6,406,000 | $68,000 | $936,000 |
| Loan Originated | 8,665 | $1,158,766,000 | $133,000 | $4,574,000 | $77,000 | $3,226,000 |
| Application Withdrawn By Applicant | 4,999 | $758,748,000 | $151,000 | $1,310,000 | $72,000 | $1,200,000 |
| File Closed For Incompleteness | 3,316 | $481,033,000 | $145,000 | $990,000 | $71,000 | $732,000 |
| Application Approved But Not Accepted | 320 | $51,045,000 | $159,000 | $2,437,000 | $82,000 | $1,749,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 3,722 | $549,007,000 | $147,000 | $1,500,000 | $57,000 | $540,000 |
| Credit History | 3,342 | $434,113,000 | $129,000 | $1,200,000 | $68,000 | $498,000 |
| Collateral | 2,471 | $382,105,000 | $154,000 | $3,520,000 | $77,000 | $909,000 |
| Unverifiable Information | 362 | $62,919,000 | $173,000 | $1,000,000 | $98,000 | $610,000 |
| Other | 320 | $48,292,000 | $150,000 | $694,000 | $85,000 | $936,000 |
| Employment History | 258 | $38,742,000 | $150,000 | $670,000 | $76,000 | $910,000 |
| Credit Application Incomplete | 228 | $35,510,000 | $155,000 | $877,000 | $63,000 | $432,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 9 | $10,072,000 | $1,119,000 | $6,406,000 | $66,000 | $175,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into M&I Bank FSB's 2006 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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