Southwest Bank, An M&I Bank Mortgage Lending & HMDA Data, 2009
In 2009, Southwest Bank, An M&I Bank of West Allis, WI reported 930 mortgage applications totaling $164.6 million, up 4% from 2008. The average application was for $177,027, and applicants reported an average income of $93,706. 46% of its applications resulted in an originated loan and 26% were denied. Its largest markets were St. Louis, MO-IL (782), Columbia, MO (3) and Cape Coral-Fort Myers, FL (2) (applications in parentheses).
| Mortgage Company & Address | Southwest Bank, An M&I Bank 11548 W Theodore Trecker Way West Allis, WI 53214 |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 930 |
| Total Mortgage Loan Application Amount | $164,636,000 |
| Average Mortgage Loan Application Amount | $177,027 |
| Highest Mortgage Loan Application Amount | $2,800,000 |
| Average Applicant Income | $93,706 |
| Highest Applicant Income | $2,355,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Southwest Bank, An M&I Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Southwest Bank, An M&I Bank in 2009
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 | 564 | $110,067,000 | $195,000 | $1,475,000 | $115,000 | $2,355,000 |
| Home Purchase | 341 | $49,635,000 | $145,000 | $2,800,000 | $57,000 | $607,000 |
| Home Improvement | 25 | $4,934,000 | $197,000 | $1,000,000 | $114,000 | $325,000 |
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 | 570 | $101,318,000 | $177,000 | $1,718,000 | $90,000 | $801,000 |
| Not Provided | 128 | $24,832,000 | $194,000 | $1,100,000 | $123,000 | $2,355,000 |
| Black or African American | 71 | $6,173,000 | $86,000 | $480,000 | $48,000 | $335,000 |
| Asian | 62 | $14,642,000 | $236,000 | $1,569,000 | $122,000 | $684,000 |
| Not applicable | 53 | $13,022,000 | $245,000 | $2,800,000 | $133,000 | $2,001,000 |
| Hispanic | 44 | $4,435,000 | $100,000 | $417,000 | $39,000 | $235,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $90,000 | $90,000 | $90,000 | $41,000 | $41,000 |
| American Indian or Alaskan Native | 1 | $124,000 | $124,000 | $124,000 | $75,000 | $75,000 |
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) | 844 | $151,652,000 | $179,000 | $2,800,000 | $97,000 | $2,355,000 |
| FHA-insured (Federal Housing Administration) | 80 | $11,719,000 | $146,000 | $286,000 | $54,000 | $162,000 |
| VA-guaranteed (Veterans Administration) | 6 | $1,265,000 | $210,000 | $293,000 | $106,000 | $303,000 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 426 | $85,528,000 | $200,000 | $1,718,000 | $123,000 | $2,355,000 |
| Application Denied By Financial Institution | 240 | $42,262,000 | $176,000 | $1,200,000 | $72,000 | $531,000 |
| Preapproval Denied by Financial Institution | 108 | $7,190,000 | $66,000 | $504,000 | $36,000 | $575,000 |
| Application Withdrawn By Applicant | 103 | $20,228,000 | $196,000 | $2,800,000 | $87,000 | $391,000 |
| Application Approved But Not Accepted | 43 | $6,964,000 | $161,000 | $417,000 | $96,000 | $452,000 |
| File Closed For Incompleteness | 10 | $2,464,000 | $246,000 | $1,100,000 | $70,000 | $369,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 127 | $10,109,000 | $79,000 | $504,000 | $43,000 | $575,000 |
| Collateral | 95 | $16,910,000 | $178,000 | $1,200,000 | $83,000 | $341,000 |
| Debt-To-Income Ratio | 85 | $16,134,000 | $189,000 | $1,200,000 | $50,000 | $326,000 |
| Other | 28 | $4,266,000 | $152,000 | $417,000 | $101,000 | $531,000 |
| Unverifiable Information | 6 | $696,000 | $116,000 | $208,000 | $42,000 | $79,000 |
| Employment History | 4 | $558,000 | $139,000 | $206,000 | $47,000 | $85,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $427,000 | $213,000 | $285,000 | $93,000 | $131,000 |
| Credit Application Incomplete | 1 | $352,000 | $352,000 | $352,000 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Southwest Bank, An M&I Bank's 2009 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 Southwest Bank, An M&I 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.
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