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records Southwest Bank, An M&I Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| 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 | 784 | $ 156,576,000 | $ 199,714 | $ 99,996 |
| Kansas City, MO-KS | 4 | $ 342,000 | $ 85,500 | $ 83,500 |
| Springfield, MO | 3 | $ 170,000 | $ 56,666 | $ 38,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 260,000 | $ 130,000 | $ 37,000 |
| Madison, WI | 2 | $ 1,126,000 | $ 563,000 | $ 0 |
| Milwaukee-Waukesha-West Allis, WI | 2 | $ 450,000 | $ 225,000 | $ 0 |
| Chicago-Naperville-Joliet, IL | 1 | $ 850,000 | $ 850,000 | $ 0 |
| Columbia, MO | 1 | $ 80,000 | $ 80,000 | $ 64,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 295,000 | $ 295,000 | $ 48,000 |
| Jefferson City, MO | 1 | $ 96,000 | $ 96,000 | $ 30,000 |
| Lansing-East Lansing, MI | 1 | $ 112,000 | $ 112,000 | $ 72,000 |
| Orlando-Kissimmee, FL | 1 | $ 338,000 | $ 338,000 | $ 0 |
| Palm Coast, FL | 1 | $ 732,000 | $ 732,000 | $ 531,000 |
| Topeka, KS | 1 | $ 157,000 | $ 157,000 | $ 29,000 |
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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About