Southwest Bank, An M&I Bank Mortgage Lending & HMDA Data, 2007
In 2007, Southwest Bank, An M&I Bank of West Allis, WI reported 873 mortgage applications totaling $173.8 million, up 76% from 2006. The average application was for $199,087, and applicants reported an average income of $96,877. 68% of its applications resulted in an originated loan and 18% were denied. Its largest markets were St. Louis, MO-IL (784), Kansas City, MO-KS (4) and Springfield, MO (3) (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 | 873 |
| Total Mortgage Loan Application Amount | $173,803,000 |
| Average Mortgage Loan Application Amount | $199,087 |
| Highest Mortgage Loan Application Amount | $2,050,000 |
| Average Applicant Income | $96,877 |
| Highest Applicant Income | $3,120,000 |
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records Southwest Bank, An M&I Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| St. Louis, Missouri | 353 | $ 88,746,000 | $ 251,405 | $ 152,000 |
| St. Louis City, Missouri | 196 | $ 28,257,000 | $ 144,168 | $ 40,000 |
| Jefferson, Missouri | 64 | $ 8,558,000 | $ 133,718 | $ 86,000 |
| St. Charles, Missouri | 63 | $ 11,955,000 | $ 189,761 | $ 67,000 |
| St. Clair, Illinois | 51 | $ 4,870,000 | $ 95,490 | $ 50,000 |
| Franklin, Missouri | 16 | $ 4,711,000 | $ 294,437 | $ 75,000 |
| Madison, Illinois | 14 | $ 5,263,000 | $ 375,928 | $ 85,000 |
| St. Francois, Missouri | 12 | $ 3,185,000 | $ 265,416 | $ 61,000 |
| Warren, Missouri | 8 | $ 1,673,000 | $ 209,125 | $ 68,000 |
| Lincoln, Missouri | 7 | $ 1,082,000 | $ 154,571 | $ 60,000 |
| Camden, Missouri | 6 | $ 2,267,000 | $ 377,833 | $ 176,000 |
| Jersey, Illinois | 4 | $ 683,000 | $ 170,750 | $ 96,000 |
| Reynolds, Missouri | 4 | $ 347,000 | $ 86,750 | $ 46,000 |
| Washington, Missouri | 4 | $ 292,000 | $ 73,000 | $ 45,000 |
| Crawford, Missouri | 3 | $ 203,000 | $ 67,666 | $ 70,000 |
| Phelps, Missouri | 3 | $ 352,000 | $ 117,333 | $ 180,000 |
| Lee, Florida | 2 | $ 260,000 | $ 130,000 | $ 37,000 |
| Macoupin, Illinois | 2 | $ 60,000 | $ 30,000 | $ 0 |
| Randolph, Illinois | 2 | $ 207,000 | $ 103,500 | $ 99,000 |
| Johnson, Kansas | 2 | $ 171,000 | $ 85,500 | $ 87,000 |
| Butler, Missouri | 2 | $ 95,000 | $ 47,500 | $ 52,000 |
| Dent, Missouri | 2 | $ 216,000 | $ 108,000 | $ 54,000 |
| Jackson, Missouri | 2 | $ 171,000 | $ 85,500 | $ 80,000 |
| Lawrence, Missouri | 2 | $ 112,000 | $ 56,000 | $ 60,000 |
| Morgan, Missouri | 2 | $ 627,000 | $ 313,500 | $ 299,000 |
| Pike, Missouri | 2 | $ 282,000 | $ 141,000 | $ 67,000 |
| Polk, Missouri | 2 | $ 82,000 | $ 41,000 | $ 28,000 |
| Ste. Genevieve, Missouri | 2 | $ 91,000 | $ 45,500 | $ 29,000 |
| Stone, Missouri | 2 | $ 251,000 | $ 125,500 | $ 63,000 |
| Dane, Wisconsin | 2 | $ 1,126,000 | $ 563,000 | $ 0 |
| Broward, Florida | 1 | $ 295,000 | $ 295,000 | $ 48,000 |
| Flagler, Florida | 1 | $ 732,000 | $ 732,000 | $ 531,000 |
| Lake, Florida | 1 | $ 338,000 | $ 338,000 | $ 0 |
| Walton, Florida | 1 | $ 409,000 | $ 409,000 | $ 0 |
| Bond, Illinois | 1 | $ 147,000 | $ 147,000 | $ 60,000 |
| Clinton, Illinois | 1 | $ 279,000 | $ 279,000 | $ 264,000 |
| Cook, Illinois | 1 | $ 850,000 | $ 850,000 | $ 0 |
| Cumberland, Illinois | 1 | $ 84,000 | $ 84,000 | $ 61,000 |
| Franklin, Illinois | 1 | $ 100,000 | $ 100,000 | $ 42,000 |
| Jefferson, Illinois | 1 | $ 105,000 | $ 105,000 | $ 73,000 |
| Williamson, Illinois | 1 | $ 1,196,000 | $ 1,196,000 | $ 0 |
| Shawnee, Kansas | 1 | $ 157,000 | $ 157,000 | $ 29,000 |
| Ingham, Michigan | 1 | $ 112,000 | $ 112,000 | $ 72,000 |
| Brown, Minnesota | 1 | $ 266,000 | $ 266,000 | $ 0 |
| Boone, Missouri | 1 | $ 80,000 | $ 80,000 | $ 64,000 |
| Christian, Missouri | 1 | $ 88,000 | $ 88,000 | $ 59,000 |
| Gasconade, Missouri | 1 | $ 46,000 | $ 46,000 | $ 24,000 |
| Iron, Missouri | 1 | $ 71,000 | $ 71,000 | $ 5,000 |
| Knox, Missouri | 1 | $ 160,000 | $ 160,000 | $ 95,000 |
| Osage, Missouri | 1 | $ 96,000 | $ 96,000 | $ 30,000 |
| Perry, Missouri | 1 | $ 101,000 | $ 101,000 | $ 310,000 |
| Scott, Missouri | 1 | $ 74,000 | $ 74,000 | $ 31,000 |
| Wayne, Missouri | 1 | $ 52,000 | $ 52,000 | $ 33,000 |
| Milwaukee, Wisconsin | 1 | $ 220,000 | $ 220,000 | $ 0 |
| Ozaukee, Wisconsin | 1 | $ 230,000 | $ 230,000 | $ 0 |
Mortgage Loan Application Detail Totals for Southwest Bank, An M&I 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 | 434 | $85,210,000 | $196,000 | $2,050,000 | $100,000 | $3,120,000 |
| Refinancing | 375 | $73,442,000 | $195,000 | $1,750,000 | $90,000 | $1,321,000 |
| Home Improvement | 64 | $15,151,000 | $236,000 | $1,400,000 | $116,000 | $2,500,000 |
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 | 411 | $81,737,000 | $198,000 | $1,640,000 | $124,000 | $3,120,000 |
| Not applicable | 172 | $40,271,000 | $234,000 | $2,050,000 | $34,000 | $2,500,000 |
| Not Provided | 169 | $31,733,000 | $187,000 | $1,750,000 | $101,000 | $1,321,000 |
| Black or African American | 51 | $6,986,000 | $136,000 | $592,000 | $70,000 | $436,000 |
| Asian | 40 | $8,720,000 | $218,000 | $824,000 | $143,000 | $824,000 |
| Hispanic | 30 | $4,356,000 | $145,000 | $997,000 | $48,000 | $160,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 873 | $173,803,000 | $199,000 | $2,050,000 | $97,000 | $3,120,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 592 | $124,531,000 | $210,000 | $2,050,000 | $99,000 | $2,500,000 |
| Application Denied By Financial Institution | 157 | $22,698,000 | $144,000 | $1,000,000 | $59,000 | $377,000 |
| Application Withdrawn By Applicant | 59 | $15,601,000 | $264,000 | $1,750,000 | $192,000 | $3,120,000 |
| Application Approved But Not Accepted | 37 | $6,662,000 | $180,000 | $600,000 | $102,000 | $420,000 |
| File Closed For Incompleteness | 15 | $2,866,000 | $191,000 | $960,000 | $78,000 | $310,000 |
| Preapproval Denied by Financial Institution | 13 | $1,445,000 | $111,000 | $362,000 | $36,000 | $78,000 |
| 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 | 66 | $8,405,000 | $127,000 | $1,000,000 | $69,000 | $377,000 |
| Debt-To-Income Ratio | 64 | $10,420,000 | $162,000 | $640,000 | $44,000 | $156,000 |
| Collateral | 14 | $2,027,000 | $144,000 | $295,000 | $70,000 | $146,000 |
| Other | 12 | $2,207,000 | $183,000 | $615,000 | $52,000 | $135,000 |
| Unverifiable Information | 5 | $417,000 | $83,000 | $107,000 | $46,000 | $135,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $341,000 | $85,000 | $125,000 | $52,000 | $75,000 |
| Credit Application Incomplete | 4 | $280,000 | $70,000 | $183,000 | $79,000 | $142,000 |
| Employment History | 0 | $0 | $0 | $0 | $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 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 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.
For a list of all lenders in Wisconsin, download the full spreadsheet
with aggregated HMDA statistics today.
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