Southwest Bank, An M&I Bank Mortgage Lending & HMDA Data, 2008
In 2008, Southwest Bank, An M&I Bank of West Allis, WI reported 890 mortgage applications totaling $183.3 million, up 2% from 2007. The average application was for $205,947, and applicants reported an average income of $71,392. 53% of its applications resulted in an originated loan and 20% were denied. Its largest markets were St. Louis, MO-IL (734), Chicago-Naperville-Joliet, IL (4) and Columbia, 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 | 890 |
| Total Mortgage Loan Application Amount | $183,293,000 |
| Average Mortgage Loan Application Amount | $205,947 |
| Highest Mortgage Loan Application Amount | $6,000,000 |
| Average Applicant Income | $71,392 |
| Highest Applicant Income | $2,049,000 |
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records Southwest Bank, An M&I Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2008
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 | 437 | $109,468,000 | $250,000 | $6,000,000 | $69,000 | $1,717,000 |
| Home Purchase | 419 | $66,634,000 | $159,000 | $2,400,000 | $74,000 | $2,049,000 |
| Home Improvement | 34 | $7,191,000 | $211,000 | $1,344,000 | $70,000 | $280,000 |
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 | 400 | $81,783,000 | $204,000 | $2,320,000 | $92,000 | $2,049,000 |
| Not applicable | 166 | $49,825,000 | $300,000 | $6,000,000 | $13,000 | $1,200,000 |
| Not Provided | 133 | $27,785,000 | $208,000 | $2,175,000 | $122,000 | $1,717,000 |
| Hispanic | 79 | $6,851,000 | $86,000 | $209,000 | $30,000 | $114,000 |
| Black or African American | 66 | $9,015,000 | $136,000 | $2,400,000 | $50,000 | $393,000 |
| Asian | 43 | $7,791,000 | $181,000 | $700,000 | $55,000 | $400,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $243,000 | $81,000 | $144,000 | $144,000 | $224,000 |
| 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) | 861 | $179,492,000 | $208,000 | $6,000,000 | $72,000 | $2,049,000 |
| FHA-insured (Federal Housing Administration) | 29 | $3,801,000 | $131,000 | $241,000 | $51,000 | $125,000 |
| 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 | 474 | $118,404,000 | $249,000 | $6,000,000 | $78,000 | $2,049,000 |
| Application Denied By Financial Institution | 177 | $35,678,000 | $201,000 | $2,400,000 | $76,000 | $1,717,000 |
| Preapproval Denied by Financial Institution | 112 | $5,258,000 | $46,000 | $450,000 | $29,000 | $154,000 |
| Application Withdrawn By Applicant | 81 | $15,885,000 | $196,000 | $1,002,000 | $78,000 | $410,000 |
| Application Approved But Not Accepted | 37 | $6,585,000 | $177,000 | $474,000 | $87,000 | $252,000 |
| File Closed For Incompleteness | 9 | $1,483,000 | $164,000 | $417,000 | $86,000 | $250,000 |
| 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 | 145 | $9,959,000 | $68,000 | $450,000 | $35,000 | $154,000 |
| Debt-To-Income Ratio | 79 | $14,960,000 | $189,000 | $975,000 | $48,000 | $262,000 |
| Collateral | 47 | $13,843,000 | $294,000 | $2,400,000 | $143,000 | $1,717,000 |
| Other | 10 | $977,000 | $97,000 | $304,000 | $76,000 | $200,000 |
| Unverifiable Information | 3 | $525,000 | $175,000 | $321,000 | $53,000 | $90,000 |
| Credit Application Incomplete | 3 | $151,000 | $50,000 | $100,000 | $26,000 | $53,000 |
| Employment History | 1 | $121,000 | $121,000 | $121,000 | $60,000 | $60,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $400,000 | $400,000 | $400,000 | $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 2008 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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