Midwest Family Lending Corp. Mortgage Lending & HMDA Data, 2006
In 2006, Midwest Family Lending Corp. of Urbandale, IA reported 1,905 mortgage applications totaling $186.7 million, up 54% from 2005. The average application was for $98,006, and applicants reported an average income of $47,229. 25% of its applications resulted in an originated loan and 39% were denied. Its largest markets were Sioux City, IA-NE-SD (394), Des Moines-West Des Moines, IA (317) and Sioux Falls, SD (124) (applications in parentheses).
| Mortgage Company & Address | Midwest Family Lending Corp. 2753 99th Street Urbandale, IA 50322 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 2010 2009 2006 2005 |
| Total Number of Mortgage Applications | 1,905 |
| Total Mortgage Loan Application Amount | $186,702,000 |
| Average Mortgage Loan Application Amount | $98,006 |
| Highest Mortgage Loan Application Amount | $800,000 |
| Average Applicant Income | $47,229 |
| Highest Applicant Income | $903,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Midwest Family Lending Corp. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Woodbury, Iowa | 318 | $ 25,290,000 | $ 79,528 | $ 44,000 |
| Polk, Iowa | 250 | $ 28,641,000 | $ 114,564 | $ 52,000 |
| Lancaster, Nebraska | 113 | $ 13,844,000 | $ 122,513 | $ 52,000 |
| Minnehaha, South Dakota | 90 | $ 10,064,000 | $ 111,822 | $ 64,000 |
| Dakota, Nebraska | 49 | $ 4,178,000 | $ 85,265 | $ 46,000 |
| Boone, Iowa | 45 | $ 3,390,000 | $ 75,333 | $ 45,000 |
| Plymouth, Iowa | 36 | $ 3,302,000 | $ 91,722 | $ 47,000 |
| Dallas, Iowa | 31 | $ 3,849,000 | $ 124,161 | $ 53,000 |
| Lincoln, South Dakota | 28 | $ 3,493,000 | $ 124,750 | $ 51,000 |
| Sioux, Iowa | 24 | $ 1,621,000 | $ 67,541 | $ 34,000 |
| Monona, Iowa | 22 | $ 1,354,000 | $ 61,545 | $ 40,000 |
| Union, South Dakota | 22 | $ 1,938,000 | $ 88,090 | $ 50,000 |
| Story, Iowa | 21 | $ 2,612,000 | $ 124,380 | $ 54,000 |
| Warren, Iowa | 18 | $ 1,975,000 | $ 109,722 | $ 58,000 |
| Douglas, Nebraska | 17 | $ 2,624,000 | $ 154,352 | $ 63,000 |
| Gage, Nebraska | 15 | $ 1,875,000 | $ 125,000 | $ 64,000 |
| Monroe, Iowa | 13 | $ 1,124,000 | $ 86,461 | $ 49,000 |
| Chickasaw, Iowa | 12 | $ 1,685,000 | $ 140,416 | $ 57,000 |
| Marshall, Iowa | 12 | $ 1,341,000 | $ 111,750 | $ 46,000 |
| Cherokee, Iowa | 11 | $ 625,000 | $ 56,818 | $ 31,000 |
| Madison, Iowa | 11 | $ 1,289,000 | $ 117,181 | $ 50,000 |
| Hardin, Iowa | 10 | $ 584,000 | $ 58,400 | $ 41,000 |
| Jasper, Iowa | 10 | $ 1,081,000 | $ 108,100 | $ 39,000 |
| Colfax, Nebraska | 8 | $ 576,000 | $ 72,000 | $ 30,000 |
| Lincoln, Nebraska | 8 | $ 755,000 | $ 94,375 | $ 46,000 |
| Clay, Iowa | 7 | $ 485,000 | $ 69,285 | $ 40,000 |
| Guthrie, Iowa | 7 | $ 907,000 | $ 129,571 | $ 77,000 |
| Marion, Iowa | 7 | $ 782,000 | $ 111,714 | $ 75,000 |
| Poweshiek, Iowa | 7 | $ 654,000 | $ 93,428 | $ 93,000 |
| Dawson, Nebraska | 7 | $ 848,000 | $ 121,142 | $ 75,000 |
| Saunders, Nebraska | 7 | $ 581,000 | $ 83,000 | $ 36,000 |
| Antelope, Nebraska | 6 | $ 818,000 | $ 136,333 | $ 69,000 |
| Cass, Nebraska | 6 | $ 596,000 | $ 99,333 | $ 33,000 |
| Johnson, Nebraska | 6 | $ 380,000 | $ 63,333 | $ 29,000 |
| Madison, Nebraska | 6 | $ 760,000 | $ 126,666 | $ 60,000 |
| Haakon, South Dakota | 6 | $ 381,000 | $ 63,500 | $ 49,000 |
| Yankton, South Dakota | 6 | $ 479,000 | $ 79,833 | $ 62,000 |
| Clarke, Iowa | 5 | $ 374,000 | $ 74,800 | $ 50,000 |
| Linn, Iowa | 5 | $ 564,000 | $ 112,800 | $ 34,000 |
| Lucas, Iowa | 5 | $ 355,000 | $ 71,000 | $ 32,000 |
| Union, Iowa | 5 | $ 387,000 | $ 77,400 | $ 32,000 |
| Pipestone, Minnesota | 5 | $ 156,000 | $ 31,200 | $ 18,000 |
| Dixon, Nebraska | 5 | $ 873,000 | $ 174,600 | $ 72,000 |
| Otoe, Nebraska | 5 | $ 485,000 | $ 97,000 | $ 50,000 |
| Hughes, South Dakota | 5 | $ 576,000 | $ 115,200 | $ 35,000 |
| Adair, Iowa | 4 | $ 158,000 | $ 39,500 | $ 25,000 |
| Black Hawk, Iowa | 4 | $ 386,000 | $ 96,500 | $ 39,000 |
| Carroll, Iowa | 4 | $ 245,000 | $ 61,250 | $ 52,000 |
| Ida, Iowa | 4 | $ 471,000 | $ 117,750 | $ 41,000 |
| O'Brien, Iowa | 4 | $ 208,000 | $ 52,000 | $ 39,000 |
| Page, Iowa | 4 | $ 243,000 | $ 60,750 | $ 48,000 |
| Taylor, Iowa | 4 | $ 266,000 | $ 66,500 | $ 44,000 |
| Van Buren, Iowa | 4 | $ 1,099,000 | $ 274,750 | $ 104,000 |
| Knox, Nebraska | 4 | $ 227,000 | $ 56,750 | $ 46,000 |
| Appanoose, Iowa | 3 | $ 188,000 | $ 62,666 | $ 34,000 |
| Cerro Gordo, Iowa | 3 | $ 313,000 | $ 104,333 | $ 55,000 |
| Davis, Iowa | 3 | $ 321,000 | $ 107,000 | $ 51,000 |
| Decatur, Iowa | 3 | $ 221,000 | $ 73,666 | $ 28,000 |
| Pottawattamie, Iowa | 3 | $ 244,000 | $ 81,333 | $ 48,000 |
| Webster, Iowa | 3 | $ 208,000 | $ 69,333 | $ 29,000 |
| Nobles, Minnesota | 3 | $ 202,000 | $ 67,333 | $ 46,000 |
| Cedar, Nebraska | 3 | $ 207,000 | $ 69,000 | $ 55,000 |
| Platte, Nebraska | 3 | $ 216,000 | $ 72,000 | $ 45,000 |
| Bon Homme, South Dakota | 3 | $ 235,000 | $ 78,333 | $ 34,000 |
| Brown, South Dakota | 3 | $ 308,000 | $ 102,666 | $ 47,000 |
| McCook, South Dakota | 3 | $ 304,000 | $ 101,333 | $ 14,000 |
| Meade, South Dakota | 3 | $ 374,000 | $ 124,666 | $ 49,000 |
| Turner, South Dakota | 3 | $ 365,000 | $ 121,666 | $ 100,000 |
| Buena Vista, Iowa | 2 | $ 138,000 | $ 69,000 | $ 34,000 |
| Cass, Iowa | 2 | $ 164,000 | $ 82,000 | $ 56,000 |
| Clayton, Iowa | 2 | $ 151,000 | $ 75,500 | $ 31,000 |
| Delaware, Iowa | 2 | $ 149,000 | $ 74,500 | $ 37,000 |
| Dickinson, Iowa | 2 | $ 180,000 | $ 90,000 | $ 27,000 |
| Fayette, Iowa | 2 | $ 112,000 | $ 56,000 | $ 53,000 |
| Fremont, Iowa | 2 | $ 144,000 | $ 72,000 | $ 31,000 |
| Greene, Iowa | 2 | $ 216,000 | $ 108,000 | $ 79,000 |
| Hancock, Iowa | 2 | $ 164,000 | $ 82,000 | $ 66,000 |
| Jefferson, Iowa | 2 | $ 153,000 | $ 76,500 | $ 30,000 |
| Johnson, Iowa | 2 | $ 204,000 | $ 102,000 | $ 41,000 |
| Mahaska, Iowa | 2 | $ 354,000 | $ 177,000 | $ 86,000 |
| Montgomery, Iowa | 2 | $ 105,000 | $ 52,500 | $ 47,000 |
| Muscatine, Iowa | 2 | $ 222,000 | $ 111,000 | $ 41,000 |
| Scott, Iowa | 2 | $ 387,000 | $ 193,500 | $ 50,000 |
| Wapello, Iowa | 2 | $ 86,000 | $ 43,000 | $ 50,000 |
| Rock, Minnesota | 2 | $ 78,000 | $ 39,000 | $ 27,000 |
| Burt, Nebraska | 2 | $ 82,000 | $ 41,000 | $ 23,000 |
| Butler, Nebraska | 2 | $ 153,000 | $ 76,500 | $ 39,000 |
| Pawnee, Nebraska | 2 | $ 137,000 | $ 68,500 | $ 53,000 |
| Sarpy, Nebraska | 2 | $ 351,000 | $ 175,500 | $ 108,000 |
| Seward, Nebraska | 2 | $ 210,000 | $ 105,000 | $ 46,000 |
| Wayne, Nebraska | 2 | $ 85,000 | $ 42,500 | $ 38,000 |
| Codington, South Dakota | 2 | $ 483,000 | $ 241,500 | $ 129,000 |
| Kingsbury, South Dakota | 2 | $ 210,000 | $ 105,000 | $ 54,000 |
| Roberts, South Dakota | 2 | $ 94,000 | $ 47,000 | $ 36,000 |
| Boulder, Colorado | 1 | $ 252,000 | $ 252,000 | $ 109,000 |
| Summit, Colorado | 1 | $ 750,000 | $ 750,000 | $ 236,000 |
| Orange, Florida | 1 | $ 479,000 | $ 479,000 | $ 258,000 |
| Adams, Iowa | 1 | $ 58,000 | $ 58,000 | $ 25,000 |
| Audubon, Iowa | 1 | $ 50,000 | $ 50,000 | $ 40,000 |
| Benton, Iowa | 1 | $ 106,000 | $ 106,000 | $ 62,000 |
| Bremer, Iowa | 1 | $ 68,000 | $ 68,000 | $ 68,000 |
| Buchanan, Iowa | 1 | $ 40,000 | $ 40,000 | $ 19,000 |
| Cedar, Iowa | 1 | $ 56,000 | $ 56,000 | $ 36,000 |
| Crawford, Iowa | 1 | $ 33,000 | $ 33,000 | $ 30,000 |
| Des Moines, Iowa | 1 | $ 55,000 | $ 55,000 | $ 32,000 |
| Hamilton, Iowa | 1 | $ 115,000 | $ 115,000 | $ 31,000 |
| Harrison, Iowa | 1 | $ 89,000 | $ 89,000 | $ 36,000 |
| Henry, Iowa | 1 | $ 66,000 | $ 66,000 | $ 32,000 |
| Iowa, Iowa | 1 | $ 60,000 | $ 60,000 | $ 49,000 |
| Jones, Iowa | 1 | $ 177,000 | $ 177,000 | $ 0 |
| Keokuk, Iowa | 1 | $ 44,000 | $ 44,000 | $ 13,000 |
| Lee, Iowa | 1 | $ 98,000 | $ 98,000 | $ 42,000 |
| Louisa, Iowa | 1 | $ 60,000 | $ 60,000 | $ 50,000 |
| Lyon, Iowa | 1 | $ 50,000 | $ 50,000 | $ 22,000 |
| Osceola, Iowa | 1 | $ 51,000 | $ 51,000 | $ 34,000 |
| Palo Alto, Iowa | 1 | $ 188,000 | $ 188,000 | $ 49,000 |
| Shelby, Iowa | 1 | $ 95,000 | $ 95,000 | $ 33,000 |
| Washington, Iowa | 1 | $ 94,000 | $ 94,000 | $ 138,000 |
| Winneshiek, Iowa | 1 | $ 205,000 | $ 205,000 | $ 67,000 |
| Marshall, Minnesota | 1 | $ 25,000 | $ 25,000 | $ 18,000 |
| Traverse, Minnesota | 1 | $ 130,000 | $ 130,000 | $ 150,000 |
| Boone, Nebraska | 1 | $ 110,000 | $ 110,000 | $ 110,000 |
| Dodge, Nebraska | 1 | $ 92,000 | $ 92,000 | $ 55,000 |
| Kearney, Nebraska | 1 | $ 100,000 | $ 100,000 | $ 51,000 |
| Nemaha, Nebraska | 1 | $ 50,000 | $ 50,000 | $ 48,000 |
| Nuckolls, Nebraska | 1 | $ 34,000 | $ 34,000 | $ 42,000 |
| Richardson, Nebraska | 1 | $ 60,000 | $ 60,000 | $ 53,000 |
| Saline, Nebraska | 1 | $ 180,000 | $ 180,000 | $ 17,000 |
| Thayer, Nebraska | 1 | $ 24,000 | $ 24,000 | $ 31,000 |
| Ward, North Dakota | 1 | $ 101,000 | $ 101,000 | $ 46,000 |
| Butte, South Dakota | 1 | $ 41,000 | $ 41,000 | $ 30,000 |
| Charles Mix, South Dakota | 1 | $ 130,000 | $ 130,000 | $ 164,000 |
| Clay, South Dakota | 1 | $ 94,000 | $ 94,000 | $ 27,000 |
| Grant, South Dakota | 1 | $ 54,000 | $ 54,000 | $ 37,000 |
| Hanson, South Dakota | 1 | $ 76,000 | $ 76,000 | $ 29,000 |
| Pennington, South Dakota | 1 | $ 265,000 | $ 265,000 | $ 110,000 |
| Spink, South Dakota | 1 | $ 60,000 | $ 60,000 | $ 48,000 |
Mortgage Loan Application Detail Totals for Midwest Family Lending Corp. 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 | 989 | $103,524,000 | $104,000 | $750,000 | $53,000 | $450,000 |
| Home Purchase | 916 | $83,178,000 | $90,000 | $800,000 | $41,000 | $903,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $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 | 1,500 | $148,950,000 | $99,000 | $750,000 | $49,000 | $480,000 |
| Not Provided | 195 | $20,637,000 | $105,000 | $800,000 | $41,000 | $903,000 |
| Hispanic | 137 | $9,826,000 | $71,000 | $215,000 | $36,000 | $86,000 |
| Black or African American | 46 | $4,846,000 | $105,000 | $350,000 | $48,000 | $408,000 |
| Asian | 16 | $1,574,000 | $98,000 | $180,000 | $54,000 | $92,000 |
| American Indian or Alaskan Native | 6 | $533,000 | $88,000 | $145,000 | $48,000 | $89,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $336,000 | $67,000 | $76,000 | $23,000 | $37,000 |
| Not applicable | 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) | 1,852 | $180,991,000 | $97,000 | $800,000 | $48,000 | $903,000 |
| FHA-insured (Federal Housing Administration) | 34 | $3,618,000 | $106,000 | $207,000 | $48,000 | $132,000 |
| VA-guaranteed (Veterans Administration) | 19 | $2,093,000 | $110,000 | $170,000 | $45,000 | $82,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 743 | $64,279,000 | $86,000 | $310,000 | $39,000 | $480,000 |
| Application Withdrawn By Applicant | 487 | $55,690,000 | $114,000 | $800,000 | $56,000 | $903,000 |
| Loan Originated | 482 | $45,456,000 | $94,000 | $632,000 | $52,000 | $271,000 |
| Application Approved But Not Accepted | 121 | $13,388,000 | $110,000 | $383,000 | $52,000 | $150,000 |
| File Closed For Incompleteness | 72 | $7,889,000 | $109,000 | $325,000 | $40,000 | $103,000 |
| 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 | 540 | $46,902,000 | $86,000 | $270,000 | $38,000 | $408,000 |
| Other | 70 | $5,471,000 | $78,000 | $252,000 | $43,000 | $150,000 |
| Debt-To-Income Ratio | 51 | $4,556,000 | $89,000 | $310,000 | $31,000 | $74,000 |
| Collateral | 36 | $3,542,000 | $98,000 | $240,000 | $50,000 | $85,000 |
| Employment History | 21 | $1,976,000 | $94,000 | $275,000 | $48,000 | $480,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 17 | $1,177,000 | $69,000 | $169,000 | $52,000 | $335,000 |
| Unverifiable Information | 6 | $530,000 | $88,000 | $137,000 | $30,000 | $48,000 |
| Credit Application Incomplete | 1 | $65,000 | $65,000 | $65,000 | $31,000 | $31,000 |
| Mortgage Insurance Denied | 1 | $60,000 | $60,000 | $60,000 | $11,000 | $11,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Midwest Family Lending Corp.'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 Midwest Family Lending Corp.'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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