Southwest Bank, An M&I Bank Mortgage Lending & HMDA Data, 2004
In 2004, Southwest Bank, An M&I Bank of West Allis, WI reported 123 mortgage applications totaling $39.1 million, down 43% from 2003. The average application was for $317,731, and applicants reported an average income of $43,926. 60% of its applications resulted in an originated loan and 27% were denied. Its largest markets were St. Louis, MO-IL (100), Lake County-Kenosha County, IL-WI (1) and Naples-Marco Island, FL (1) (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 | 123 |
| Total Mortgage Loan Application Amount | $39,081,000 |
| Average Mortgage Loan Application Amount | $317,731 |
| Highest Mortgage Loan Application Amount | $11,700,000 |
| Average Applicant Income | $43,926 |
| Highest Applicant Income | $395,000 |
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records Southwest Bank, An M&I Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| St. Louis, MO-IL | 100 | $ 32,666,000 | $ 326,660 | $ 40,000 |
| Lake County-Kenosha County, IL-WI | 1 | $ 61,000 | $ 61,000 | $ 337,000 |
| Naples-Marco Island, FL | 1 | $ 192,000 | $ 192,000 | $ 0 |
Mortgage Loan Application Detail Totals for Southwest Bank, An M&I Bank in 2004
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 | 79 | $24,646,000 | $204,000 | $11,700,000 | $54,500 | $139,000 |
| Home Purchase | 29 | $13,535,000 | $661,000 | $2,328,000 | $14,750 | $395,000 |
| Home Improvement | 15 | $900,000 | $55,000 | $120,000 | $99,500 | $337,000 |
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 | 61 | $5,154,000 | $72,500 | $425,000 | $81,500 | $395,000 |
| Not applicable | 39 | $31,927,000 | $812,500 | $11,700,000 | $0 | $0 |
| Black or African American | 13 | $733,000 | $54,500 | $126,000 | $39,000 | $78,000 |
| Asian | 7 | $1,067,000 | $157,500 | $408,000 | $19,500 | $141,000 |
| Not Provided | 3 | $200,000 | $66,000 | $92,000 | $24,000 | $50,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 123 | $39,081,000 | $589,250 | $11,700,000 | $28,250 | $395,000 |
| 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 | 74 | $22,337,000 | $591,250 | $2,328,000 | $24,250 | $395,000 |
| Application Denied By Financial Institution | 33 | $2,969,000 | $74,000 | $400,000 | $71,500 | $337,000 |
| Application Withdrawn By Applicant | 7 | $12,946,000 | $1,849,000 | $11,700,000 | $20,000 | $120,000 |
| Application Approved But Not Accepted | 6 | $660,000 | $110,000 | $425,000 | $38,000 | $55,000 |
| File Closed For Incompleteness | 3 | $169,000 | $63,500 | $85,000 | $60,500 | $92,000 |
| 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 | 10 | $677,000 | $62,000 | $130,000 | $38,500 | $64,000 |
| Debt-To-Income Ratio | 10 | $1,310,000 | $131,000 | $400,000 | $31,000 | $105,000 |
| Collateral | 7 | $444,000 | $62,000 | $165,000 | $141,000 | $337,000 |
| Credit Application Incomplete | 2 | $75,000 | $37,500 | $38,000 | $85,500 | $114,000 |
| Other | 2 | $300,000 | $150,000 | $270,000 | $14,000 | $29,000 |
| Unverifiable Information | 2 | $163,000 | $81,000 | $103,000 | $18,000 | $36,000 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Southwest Bank, An M&I Bank's 2004 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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