Midland Federal Savings & Loan Mortgage Lending & HMDA Data, 2010
In 2010, Midland Federal Savings & Loan of Bridgeview, IL reported 72 mortgage applications totaling $10.4 million, down 52% from 2009. The average application was for $144,611, and applicants reported an average income of $93,625. 75% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Chicago-Joliet-Naperville, IL (66) and Kankakee-Bradley, IL (1).
| Mortgage Company & Address | Midland Federal Savings & Loan 8929 S. Harlem Ave. Bridgeview, IL 60455 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 | 72 |
| Total Mortgage Loan Application Amount | $10,412,000 |
| Average Mortgage Loan Application Amount | $144,611 |
| Highest Mortgage Loan Application Amount | $416,000 |
| Average Applicant Income | $93,625 |
| Highest Applicant Income | $1,106,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Midland Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Midland Federal Savings & Loan in 2010
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 | 53 | $7,086,000 | $133,000 | $296,000 | $99,000 | $1,106,000 |
| Home Purchase | 18 | $2,976,000 | $165,000 | $416,000 | $76,000 | $205,000 |
| Home Improvement | 1 | $350,000 | $350,000 | $350,000 | $126,000 | $126,000 |
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 | 68 | $9,920,000 | $145,000 | $416,000 | $80,000 | $205,000 |
| Black or African American | 3 | $380,000 | $126,000 | $154,000 | $424,000 | $1,106,000 |
| Hispanic | 1 | $112,000 | $112,000 | $112,000 | $31,000 | $31,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 71 | $10,216,000 | $143,000 | $416,000 | $94,000 | $1,106,000 |
| FHA-insured (Federal Housing Administration) | 1 | $196,000 | $196,000 | $196,000 | $46,000 | $46,000 |
| 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 | 54 | $7,269,000 | $134,000 | $245,000 | $101,000 | $1,106,000 |
| Application Withdrawn By Applicant | 6 | $702,000 | $117,000 | $296,000 | $61,000 | $94,000 |
| Application Denied By Financial Institution | 5 | $619,000 | $123,000 | $244,000 | $58,000 | $74,000 |
| Preapproval Approved but not Accepted | 4 | $1,172,000 | $293,000 | $416,000 | $108,000 | $205,000 |
| File Closed For Incompleteness | 3 | $650,000 | $216,000 | $350,000 | $77,000 | $126,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 | 2 | $80,000 | $40,000 | $53,000 | $74,000 | $74,000 |
| Collateral | 2 | $295,000 | $147,000 | $154,000 | $50,000 | $55,000 |
| Credit History | 1 | $244,000 | $244,000 | $244,000 | $44,000 | $44,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Midland Federal Savings & Loan's 2010 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 Midland Federal Savings & Loan'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.
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