Southwest Bank, An M&I Bank Mortgage Lending & HMDA Data, 2006
In 2006, Southwest Bank, An M&I Bank of West Allis, WI reported 495 mortgage applications totaling $90.8 million, up 662% from 2005. The average application was for $183,480, and applicants reported an average income of $72,040. 72% of its applications resulted in an originated loan and 15% were denied. Its largest markets were St. Louis, MO-IL (457), Kansas City, MO-KS (4) and Chicago-Naperville-Joliet, IL (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 | 495 |
| Total Mortgage Loan Application Amount | $90,823,000 |
| Average Mortgage Loan Application Amount | $183,480 |
| Highest Mortgage Loan Application Amount | $1,260,000 |
| Average Applicant Income | $72,040 |
| Highest Applicant Income | $1,252,000 |
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records Southwest Bank, An M&I Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 457 | $ 81,548,000 | $ 178,442 | $ 71,091 |
| Kansas City, MO-KS | 4 | $ 230,000 | $ 57,500 | $ 39,000 |
| Chicago-Naperville-Joliet, IL | 3 | $ 1,523,000 | $ 507,666 | $ 80,000 |
| Columbia, MO | 2 | $ 200,000 | $ 100,000 | $ 50,000 |
| Santa Ana-Anaheim-Irvine, CA | 2 | $ 982,000 | $ 491,000 | $ 0 |
| St. Joseph, MO-KS | 2 | $ 147,000 | $ 73,500 | $ 3,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 600,000 | $ 600,000 | $ 0 |
| Indianapolis-Carmel, IN | 1 | $ 250,000 | $ 250,000 | $ 0 |
| Jefferson City, MO | 1 | $ 774,000 | $ 774,000 | $ 0 |
| Lakeland, FL | 1 | $ 388,000 | $ 388,000 | $ 0 |
| Naples-Marco Island, FL | 1 | $ 1,120,000 | $ 1,120,000 | $ 172,000 |
| Port St. Lucie-Fort Pierce, FL | 1 | $ 297,000 | $ 297,000 | $ 276,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 175,000 | $ 175,000 | $ 0 |
Mortgage Loan Application Detail Totals for Southwest Bank, An M&I Bank 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 250 | $49,476,000 | $197,000 | $1,260,000 | $75,000 | $1,237,000 |
| Refinancing | 197 | $34,447,000 | $174,000 | $1,198,000 | $70,000 | $1,252,000 |
| Home Improvement | 48 | $6,900,000 | $143,000 | $1,250,000 | $65,000 | $576,000 |
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 | 318 | $53,410,000 | $167,000 | $1,260,000 | $94,000 | $1,252,000 |
| Not applicable | 94 | $22,247,000 | $236,000 | $1,250,000 | $9,000 | $705,000 |
| Not Provided | 45 | $8,687,000 | $193,000 | $1,120,000 | $43,000 | $180,000 |
| Black or African American | 24 | $3,777,000 | $157,000 | $600,000 | $72,000 | $312,000 |
| Asian | 12 | $2,506,000 | $208,000 | $500,000 | $58,000 | $198,000 |
| Hispanic | 2 | $196,000 | $98,000 | $100,000 | $315,000 | $576,000 |
| 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) | 495 | $90,823,000 | $183,000 | $1,260,000 | $72,000 | $1,252,000 |
| 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 | 356 | $68,923,000 | $193,000 | $1,260,000 | $77,000 | $1,252,000 |
| Application Denied By Financial Institution | 74 | $9,842,000 | $133,000 | $1,120,000 | $47,000 | $235,000 |
| Application Withdrawn By Applicant | 35 | $8,083,000 | $230,000 | $1,000,000 | $81,000 | $348,000 |
| Application Approved But Not Accepted | 26 | $3,444,000 | $132,000 | $512,000 | $73,000 | $240,000 |
| File Closed For Incompleteness | 2 | $180,000 | $90,000 | $120,000 | $33,000 | $50,000 |
| Loan Purchased By The Institution | 1 | $191,000 | $191,000 | $191,000 | $0 | $0 |
| Preapproval Denied by Financial Institution | 1 | $160,000 | $160,000 | $160,000 | $39,000 | $39,000 |
| 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 | 29 | $3,254,000 | $112,000 | $600,000 | $58,000 | $235,000 |
| Debt-To-Income Ratio | 22 | $4,080,000 | $185,000 | $1,120,000 | $41,000 | $172,000 |
| Collateral | 17 | $2,135,000 | $125,000 | $264,000 | $38,000 | $155,000 |
| Other | 4 | $239,000 | $59,000 | $122,000 | $64,000 | $93,000 |
| Unverifiable Information | 1 | $173,000 | $173,000 | $173,000 | $0 | $0 |
| Credit Application Incomplete | 1 | $6,000 | $6,000 | $6,000 | $27,000 | $27,000 |
| 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 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 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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with aggregated HMDA statistics today.
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