M&I Bank FSB Mortgage Lending & HMDA Data, 2009
In 2009, M&I Bank FSB of Cedarburg, WI reported 7,045 mortgage applications totaling $1.2 billion, down 32% from 2008. The average application was for $177,261, and applicants reported an average income of $59,996. 46% of its applications resulted in an originated loan and 28% were denied. Its largest markets were Denver-Aurora-Broomfield, CO (421), Kansas City, MO-KS (382) and Minneapolis-St. Paul-Bloomington, MN-WI (351) (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 | 7,045 |
| Total Mortgage Loan Application Amount | $1,248,809,000 |
| Average Mortgage Loan Application Amount | $177,261 |
| Highest Mortgage Loan Application Amount | $3,900,000 |
| Average Applicant Income | $59,996 |
| Highest Applicant Income | $1,500,000 |
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Act (HMDA) records M&I Bank FSB filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2009
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 | 4,804 | $892,904,000 | $185,000 | $3,900,000 | $60,000 | $1,500,000 |
| Home Purchase | 2,018 | $314,317,000 | $155,000 | $1,050,000 | $58,000 | $815,000 |
| Home Improvement | 223 | $41,588,000 | $186,000 | $2,000,000 | $78,000 | $1,236,000 |
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 | $906,705,000 | $177,000 | $3,900,000 | $62,000 | $1,500,000 |
| Black or African American | 706 | $120,572,000 | $170,000 | $717,000 | $50,000 | $370,000 |
| Not Provided | 704 | $127,577,000 | $181,000 | $707,000 | $63,000 | $1,000,000 |
| Hispanic | 388 | $66,603,000 | $171,000 | $1,050,000 | $52,000 | $444,000 |
| Asian | 112 | $21,062,000 | $188,000 | $555,000 | $70,000 | $290,000 |
| American Indian or Alaskan Native | 20 | $3,781,000 | $189,000 | $393,000 | $57,000 | $117,000 |
| Native Hawaiian or Other Pacific Islander | 10 | $2,092,000 | $209,000 | $348,000 | $57,000 | $128,000 |
| Not applicable | 1 | $417,000 | $417,000 | $417,000 | $203,000 | $203,000 |
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) | 6,548 | $1,148,032,000 | $175,000 | $741,000 | $54,000 | $815,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 496 | $100,471,000 | $202,000 | $3,900,000 | $149,000 | $1,500,000 |
| VA-guaranteed (Veterans Administration) | 1 | $306,000 | $306,000 | $306,000 | $99,000 | $99,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 3,211 | $554,788,000 | $172,000 | $715,000 | $58,000 | $815,000 |
| Application Denied By Financial Institution | 1,995 | $358,121,000 | $179,000 | $2,000,000 | $61,000 | $1,236,000 |
| Application Withdrawn By Applicant | 1,440 | $267,885,000 | $186,000 | $3,900,000 | $58,000 | $1,500,000 |
| File Closed For Incompleteness | 370 | $62,853,000 | $169,000 | $935,000 | $80,000 | $600,000 |
| Application Approved But Not Accepted | 18 | $3,257,000 | $180,000 | $369,000 | $79,000 | $479,000 |
| Preapproval Denied by Financial Institution | 11 | $1,905,000 | $173,000 | $396,000 | $93,000 | $465,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 746 | $138,869,000 | $186,000 | $1,950,000 | $71,000 | $1,000,000 |
| Credit History | 531 | $86,298,000 | $162,000 | $669,000 | $52,000 | $465,000 |
| Debt-To-Income Ratio | 475 | $82,986,000 | $174,000 | $1,330,000 | $52,000 | $595,000 |
| Unverifiable Information | 110 | $18,361,000 | $166,000 | $1,505,000 | $69,000 | $342,000 |
| Other | 89 | $23,793,000 | $267,000 | $2,000,000 | $89,000 | $1,236,000 |
| Employment History | 28 | $4,604,000 | $164,000 | $500,000 | $69,000 | $191,000 |
| Credit Application Incomplete | 24 | $4,702,000 | $195,000 | $512,000 | $45,000 | $157,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $413,000 | $137,000 | $167,000 | $43,000 | $81,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into M&I Bank FSB's 2009 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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