Ozaukee Bank Mortgage Lending & HMDA Data, 2007
In 2007, Ozaukee Bank of Cedarburg, WI reported 640 mortgage applications totaling $139.5 million, down 10% from 2006. The average application was for $217,978, and applicants reported an average income of $103,309. 75% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Milwaukee-Waukesha-West Allis, WI (520), Sheboygan, WI (16) and Fond Du Lac, WI (6) (applications in parentheses).
| Mortgage Company & Address | Ozaukee Bank N69w5269 Columbia Road Cedarburg, WI 53012 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 640 |
| Total Mortgage Loan Application Amount | $139,506,000 |
| Average Mortgage Loan Application Amount | $217,978 |
| Highest Mortgage Loan Application Amount | $3,258,000 |
| Average Applicant Income | $103,309 |
| Highest Applicant Income | $2,000,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Ozaukee Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Milwaukee-Waukesha-West Allis, WI | 520 | $ 117,007,000 | $ 225,013 | $ 106,000 |
| Sheboygan, WI | 16 | $ 2,210,000 | $ 138,125 | $ 75,000 |
| Fond Du Lac, WI | 6 | $ 560,000 | $ 93,333 | $ 32,000 |
| Green Bay, WI | 6 | $ 1,183,000 | $ 197,166 | $ 109,000 |
| Madison, WI | 6 | $ 737,000 | $ 122,833 | $ 97,000 |
| Lake County-Kenosha County, IL-WI | 3 | $ 500,000 | $ 166,666 | $ 60,333 |
| Cape Coral-Fort Myers, FL | 2 | $ 1,064,000 | $ 532,000 | $ 88,000 |
| Duluth, MN-WI | 1 | $ 251,000 | $ 251,000 | $ 119,000 |
| Grand Junction, CO | 1 | $ 128,000 | $ 128,000 | $ 45,000 |
| Janesville, WI | 1 | $ 144,000 | $ 144,000 | $ 57,000 |
| Oshkosh-Neenah, WI | 1 | $ 70,000 | $ 70,000 | $ 130,000 |
| Racine, WI | 1 | $ 88,000 | $ 88,000 | $ 0 |
| San Diego-Carlsbad-San Marcos, CA | 1 | $ 420,000 | $ 420,000 | $ 165,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 1 | $ 166,000 | $ 166,000 | $ 17,000 |
Mortgage Loan Application Detail Totals for Ozaukee Bank in 2007
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 325 | $66,386,000 | $204,000 | $1,700,000 | $99,000 | $2,000,000 |
| Refinancing | 287 | $66,152,000 | $230,000 | $3,258,000 | $109,000 | $1,500,000 |
| Home Improvement | 28 | $6,968,000 | $248,000 | $1,900,000 | $95,000 | $260,000 |
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 | 511 | $108,543,000 | $212,000 | $3,258,000 | $99,000 | $2,000,000 |
| Not Provided | 96 | $22,100,000 | $230,000 | $1,410,000 | $140,000 | $1,500,000 |
| Not applicable | 18 | $5,434,000 | $301,000 | $1,900,000 | $0 | $0 |
| Black or African American | 8 | $1,369,000 | $171,000 | $224,000 | $120,000 | $222,000 |
| Hispanic | 2 | $314,000 | $157,000 | $174,000 | $56,000 | $74,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $1,230,000 | $615,000 | $1,000,000 | $239,000 | $395,000 |
| American Indian or Alaskan Native | 2 | $356,000 | $178,000 | $230,000 | $82,000 | $104,000 |
| Asian | 1 | $160,000 | $160,000 | $160,000 | $218,000 | $218,000 |
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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 636 | $138,709,000 | $218,000 | $3,258,000 | $103,000 | $2,000,000 |
| VA-guaranteed (Veterans Administration) | 3 | $594,000 | $198,000 | $225,000 | $60,000 | $73,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $203,000 | $203,000 | $203,000 | $53,000 | $53,000 |
| FHA-insured (Federal Housing 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 | 482 | $105,038,000 | $217,000 | $3,258,000 | $107,000 | $1,500,000 |
| Application Withdrawn By Applicant | 39 | $8,020,000 | $205,000 | $610,000 | $95,000 | $349,000 |
| Preapproval Denied by Financial Institution | 38 | $7,635,000 | $200,000 | $1,410,000 | $60,000 | $222,000 |
| Application Denied By Financial Institution | 35 | $5,818,000 | $166,000 | $371,000 | $65,000 | $151,000 |
| Application Approved But Not Accepted | 25 | $6,801,000 | $272,000 | $1,700,000 | $155,000 | $2,000,000 |
| File Closed For Incompleteness | 21 | $6,194,000 | $294,000 | $925,000 | $105,000 | $260,000 |
| 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 | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 Ozaukee Bank's 2007 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 Ozaukee 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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