Southwest Bank, An M&I Bank Mortgage Lending & HMDA Data, 2003
In 2003, Southwest Bank, An M&I Bank of West Allis, WI reported 216 mortgage applications totaling $47.7 million. The average application was for $220,620, and applicants reported an average income of $40,203. 71% of its applications resulted in an originated loan and 18% were denied. Its largest markets were St. Louis, MO-IL (179), Columbia, MO (1) and Fort Myers-Cape Coral, 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 | 216 |
| Total Mortgage Loan Application Amount | $47,654,000 |
| Average Mortgage Loan Application Amount | $220,620 |
| Highest Mortgage Loan Application Amount | $4,880,000 |
| Average Applicant Income | $40,203 |
| Highest Applicant Income | $676,000 |
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records Southwest Bank, An M&I Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2003
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 (home purchase or home improvement, one-to-four family) | 141 | $17,904,000 | $162,666 | $975,000 | $29,666 | $676,000 |
| Home Improvement (one-to-four family) | 29 | $689,000 | $23,500 | $60,000 | $42,500 | $435,000 |
| Home Purchase (one-to-four family) | 28 | $3,785,000 | $254,000 | $872,000 | $31,600 | $133,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 18 | $25,276,000 | $793,333 | $4,880,000 | $0 | $0 |
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 | 156 | $18,436,000 | $76,666 | $975,000 | $51,666 | $676,000 |
| Not applicable | 35 | $26,859,000 | $483,600 | $4,880,000 | $0 | $0 |
| Other | 10 | $813,000 | $111,500 | $150,000 | $84,500 | $133,000 |
| Black | 7 | $329,000 | $47,000 | $136,000 | $43,000 | $89,000 |
| Asian or Pacific Islander | 5 | $742,000 | $148,000 | $300,000 | $50,000 | $82,000 |
| Information not provided by applicant in mail or telephone application | 2 | $325,000 | $162,500 | $285,000 | $37,000 | $74,000 |
| American Indian or Alaskan Native | 1 | $150,000 | $150,000 | $150,000 | $64,000 | $64,000 |
| Hispanic | 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) | 216 | $47,654,000 | $282,428 | $4,880,000 | $20,714 | $676,000 |
| 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 | 154 | $42,773,000 | $348,400 | $4,880,000 | $14,800 | $676,000 |
| Application Denied By Financial Institution | 39 | $2,915,000 | $109,500 | $422,000 | $34,500 | $125,000 |
| Application Withdrawn By Applicant | 12 | $1,405,000 | $76,500 | $490,000 | $42,000 | $80,000 |
| Application Approved But Not Accepted | 6 | $283,000 | $47,000 | $115,000 | $37,000 | $52,000 |
| File Closed For Incompleteness | 5 | $278,000 | $57,000 | $100,000 | $55,500 | $95,000 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 20 | $1,710,000 | $114,500 | $422,000 | $32,250 | $71,000 |
| Credit History | 9 | $482,000 | $45,500 | $144,000 | $39,000 | $89,000 |
| Credit Application Incomplete | 4 | $171,000 | $42,000 | $50,000 | $60,000 | $125,000 |
| Other | 4 | $137,000 | $34,000 | $48,000 | $25,000 | $53,000 |
| Unverifiable Information | 1 | $148,000 | $148,000 | $148,000 | $43,000 | $43,000 |
| Collateral | 1 | $267,000 | $267,000 | $267,000 | $0 | $0 |
| 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 2003 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