Mid-Wisconsin Bank Mortgage Lending & HMDA Data, 2006
In 2006, Mid-Wisconsin Bank of Medford, WI reported 920 mortgage applications totaling $85.8 million, up 28% from 2005. The average application was for $93,226, and applicants reported an average income of $56,191. 83% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Wausau, WI (163), Eau Claire, WI (10) and Minneapolis-St. Paul-Bloomington, MN-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 | 920 |
| Total Mortgage Loan Application Amount | $85,768,000 |
| Average Mortgage Loan Application Amount | $93,226 |
| Highest Mortgage Loan Application Amount | $2,150,000 |
| Average Applicant Income | $56,191 |
| Highest Applicant Income | $1,000,000 |
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Act (HMDA) records Mid-Wisconsin Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 | 552 | $53,129,000 | $96,000 | $1,500,000 | $57,000 | $1,000,000 |
| Home Purchase | 264 | $26,649,000 | $100,000 | $2,150,000 | $53,000 | $800,000 |
| Home Improvement | 104 | $5,990,000 | $57,000 | $430,000 | $60,000 | $995,000 |
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 | 843 | $71,849,000 | $85,000 | $2,150,000 | $60,000 | $1,000,000 |
| Not applicable | 50 | $10,748,000 | $214,000 | $1,500,000 | $5,000 | $144,000 |
| Hispanic | 11 | $549,000 | $49,000 | $180,000 | $47,000 | $118,000 |
| Not Provided | 10 | $2,220,000 | $222,000 | $1,200,000 | $37,000 | $86,000 |
| Asian | 3 | $319,000 | $106,000 | $139,000 | $53,000 | $86,000 |
| Black or African American | 2 | $78,000 | $39,000 | $63,000 | $44,000 | $44,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $5,000 | $5,000 | $5,000 | $39,000 | $39,000 |
| American Indian or Alaskan Native | 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) | 919 | $85,748,000 | $93,000 | $2,150,000 | $56,000 | $1,000,000 |
| FHA-insured (Federal Housing Administration) | 1 | $20,000 | $20,000 | $20,000 | $72,000 | $72,000 |
| 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 | 765 | $70,112,000 | $91,000 | $2,150,000 | $58,000 | $1,000,000 |
| Application Withdrawn By Applicant | 81 | $7,966,000 | $98,000 | $360,000 | $54,000 | $156,000 |
| Application Denied By Financial Institution | 70 | $6,383,000 | $91,000 | $510,000 | $39,000 | $144,000 |
| File Closed For Incompleteness | 3 | $1,280,000 | $426,000 | $1,200,000 | $31,000 | $55,000 |
| Application Approved But Not Accepted | 1 | $27,000 | $27,000 | $27,000 | $27,000 | $27,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 27 | $2,523,000 | $93,000 | $510,000 | $44,000 | $107,000 |
| Debt-To-Income Ratio | 26 | $2,546,000 | $97,000 | $280,000 | $37,000 | $144,000 |
| Collateral | 7 | $418,000 | $59,000 | $120,000 | $32,000 | $44,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $305,000 | $101,000 | $133,000 | $46,000 | $76,000 |
| Employment History | 2 | $111,000 | $55,000 | $63,000 | $31,000 | $33,000 |
| Unverifiable Information | 1 | $20,000 | $20,000 | $20,000 | $30,000 | $30,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 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 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 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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