State Central Credit Unuin Mortgage Lending & HMDA Data, 2005
In 2005, State Central Credit Unuin of Milwaukee, WI reported 351 mortgage applications totaling $43.1 million, down 30% from 2004. The average application was for $122,814, and applicants reported an average income of $63,780. 70% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Milwaukee-Waukesha-West Allis, WI (237), Racine, WI (7) and Sheboygan, WI (4) (applications in parentheses).
| Mortgage Company & Address | State Central Credit Unuin 10015 W. Greenfield Ave Milwaukee, WI 53214 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 351 |
| Total Mortgage Loan Application Amount | $43,108,000 |
| Average Mortgage Loan Application Amount | $122,814 |
| Highest Mortgage Loan Application Amount | $470,000 |
| Average Applicant Income | $63,780 |
| Highest Applicant Income | $264,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records State Central Credit Unuin filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Milwaukee, Wisconsin | 109 | $ 10,286,000 | $ 94,366 | $ 58,000 |
| Waukesha, Wisconsin | 97 | $ 13,451,000 | $ 138,670 | $ 80,000 |
| Washington, Wisconsin | 22 | $ 2,569,000 | $ 116,772 | $ 64,000 |
| Ozaukee, Wisconsin | 9 | $ 1,761,000 | $ 195,666 | $ 106,000 |
| Racine, Wisconsin | 7 | $ 1,100,000 | $ 157,142 | $ 54,000 |
| Sheboygan, Wisconsin | 4 | $ 444,000 | $ 111,000 | $ 54,000 |
| Jefferson, Wisconsin | 2 | $ 137,000 | $ 68,500 | $ 60,000 |
| Walworth, Wisconsin | 2 | $ 273,000 | $ 136,500 | $ 58,000 |
| Winnebago, Wisconsin | 2 | $ 210,000 | $ 105,000 | $ 75,000 |
| Dane, Wisconsin | 1 | $ 223,000 | $ 223,000 | $ 95,000 |
| Dodge, Wisconsin | 1 | $ 75,000 | $ 75,000 | $ 67,000 |
| Green Lake, Wisconsin | 1 | $ 157,000 | $ 157,000 | $ 67,000 |
| Vilas, Wisconsin | 1 | $ 165,000 | $ 165,000 | $ 159,000 |
Mortgage Loan Application Detail Totals for State Central Credit Unuin in 2005
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 | 162 | $24,025,000 | $148,000 | $360,000 | $65,000 | $210,000 |
| Refinancing | 142 | $18,248,000 | $118,000 | $470,000 | $50,500 | $264,000 |
| Home Improvement | 47 | $835,000 | $17,000 | $53,000 | $60,000 | $140,000 |
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 | 296 | $38,051,000 | $135,500 | $470,000 | $64,000 | $264,000 |
| Black or African American | 32 | $2,534,000 | $76,500 | $344,000 | $48,000 | $101,000 |
| Hispanic | 15 | $1,417,000 | $93,000 | $272,000 | $53,500 | $100,000 |
| Asian | 6 | $917,000 | $152,500 | $224,000 | $57,500 | $98,000 |
| American Indian or Alaskan Native | 2 | $189,000 | $94,000 | $139,000 | $77,000 | $77,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 347 | $42,326,000 | $124,500 | $470,000 | $59,000 | $264,000 |
| VA-guaranteed (Veterans Administration) | 3 | $622,000 | $201,500 | $223,000 | $65,000 | $72,000 |
| FHA-insured (Federal Housing Administration) | 1 | $160,000 | $160,000 | $160,000 | $91,000 | $91,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 245 | $29,240,000 | $119,000 | $470,000 | $68,000 | $264,000 |
| Application Withdrawn By Applicant | 54 | $7,253,000 | $142,500 | $350,000 | $76,000 | $230,000 |
| Application Denied By Financial Institution | 20 | $1,857,000 | $82,000 | $243,000 | $45,500 | $126,000 |
| Preapproval Approved but not Accepted | 14 | $2,351,000 | $167,000 | $359,000 | $55,000 | $144,000 |
| Application Approved But Not Accepted | 11 | $1,742,000 | $160,000 | $360,000 | $72,500 | $102,000 |
| File Closed For Incompleteness | 5 | $551,000 | $110,000 | $216,000 | $30,000 | $60,000 |
| Preapproval Denied by Financial Institution | 2 | $114,000 | $57,000 | $100,000 | $31,000 | $35,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 12 | $820,000 | $42,500 | $130,000 | $46,500 | $78,000 |
| Debt-To-Income Ratio | 5 | $503,000 | $105,000 | $165,000 | $32,000 | $45,000 |
| Unverifiable Information | 3 | $334,000 | $95,000 | $243,000 | $63,000 | $126,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $90,000 | $90,000 | $90,000 | $34,000 | $34,000 |
| Collateral | 1 | $224,000 | $224,000 | $224,000 | $49,000 | $49,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into State Central Credit Unuin's 2005 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 State Central Credit Unuin'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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