Mid-Wisconsin Bank Mortgage Lending & HMDA Data, 2003
In 2003, Mid-Wisconsin Bank of Medford, WI reported 557 mortgage applications totaling $37.5 million. The average application was for $67,303, and applicants reported an average income of $51,484. 79% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Wausau, WI (85), Eau Claire, WI (13) and Milwaukee-Waukesha, WI (4) (applications in parentheses).
| Mortgage Company & Address | Mid-Wisconsin Bank 134 S 8th St Medford, WI 54451 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 557 |
| Total Mortgage Loan Application Amount | $37,488,000 |
| Average Mortgage Loan Application Amount | $67,303 |
| Highest Mortgage Loan Application Amount | $505,000 |
| Average Applicant Income | $51,484 |
| Highest Applicant Income | $691,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mid-Wisconsin Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Mid-Wisconsin Bank 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) | 220 | $14,597,000 | $66,000 | $450,000 | $64,000 | $450,000 |
| Home Purchase (one-to-four family) | 209 | $15,779,000 | $103,000 | $505,000 | $65,666 | $691,000 |
| Home Improvement (one-to-four family) | 124 | $6,667,000 | $90,000 | $226,000 | $46,000 | $605,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 4 | $445,000 | $111,000 | $162,000 | $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 | 531 | $35,146,000 | $106,000 | $450,000 | $63,666 | $691,000 |
| Not applicable | 11 | $1,472,000 | $133,000 | $505,000 | $0 | $0 |
| Hispanic | 6 | $224,000 | $37,000 | $75,000 | $34,000 | $78,000 |
| Information not provided by applicant in mail or telephone application | 4 | $227,000 | $45,500 | $104,000 | $46,000 | $61,000 |
| American Indian or Alaskan Native | 3 | $111,000 | $37,000 | $58,000 | $37,000 | $59,000 |
| Asian or Pacific Islander | 2 | $308,000 | $154,000 | $168,000 | $21,000 | $29,000 |
| Black | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $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) | 556 | $37,478,000 | $96,333 | $505,000 | $60,333 | $691,000 |
| FHA-insured (Federal Housing Administration) | 1 | $10,000 | $10,000 | $10,000 | $20,000 | $20,000 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 441 | $29,217,000 | $102,333 | $505,000 | $58,333 | $691,000 |
| Application Denied By Financial Institution | 82 | $5,792,000 | $81,000 | $450,000 | $63,666 | $95,000 |
| Application Withdrawn By Applicant | 34 | $2,479,000 | $72,000 | $276,000 | $42,000 | $103,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application 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 | 42 | $2,926,000 | $69,000 | $180,000 | $34,000 | $72,000 |
| Debt-To-Income Ratio | 25 | $1,624,000 | $105,500 | $220,000 | $65,000 | $95,000 |
| Employment History | 6 | $785,000 | $130,000 | $450,000 | $47,000 | $90,000 |
| Collateral | 6 | $232,000 | $32,000 | $68,000 | $48,500 | $61,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $208,000 | $104,000 | $140,000 | $21,000 | $34,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mid-Wisconsin Bank'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 Mid-Wisconsin Bank'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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