T&I Credit Union Mortgage Lending & HMDA Data, 2016
In 2016, T&I Credit Union of Clawson, MI reported 60 mortgage applications totaling $8.5 million, up 28% from 2015. The average application was for $141,366, and applicants reported an average income of $90,833. 98% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Warren-Troy-Farmington Hills, MI (52) and Detroit-Dearborn-Livonia, MI (1).
| Mortgage Company & Address | T&I Credit Union 600 N Main St Clawson, MI 48017 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 60 |
| Total Mortgage Loan Application Amount | $8,482,000 |
| Average Mortgage Loan Application Amount | $141,366 |
| Highest Mortgage Loan Application Amount | $386,000 |
| Average Applicant Income | $90,833 |
| Highest Applicant Income | $240,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records T&I Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Oakland, Michigan | 42 | $ 6,291,000 | $ 149,785 | $ 93,000 |
| Macomb, Michigan | 10 | $ 1,277,000 | $ 127,700 | $ 114,000 |
| Benzie, Michigan | 1 | $ 60,000 | $ 60,000 | $ 12,000 |
| Cheboygan, Michigan | 1 | $ 182,000 | $ 182,000 | $ 61,000 |
| Gratiot, Michigan | 1 | $ 148,000 | $ 148,000 | $ 74,000 |
| Leelanau, Michigan | 1 | $ 130,000 | $ 130,000 | $ 48,000 |
| Manistee, Michigan | 1 | $ 60,000 | $ 60,000 | $ 36,000 |
| Sanilac, Michigan | 1 | $ 147,000 | $ 147,000 | $ 70,000 |
| Tuscola, Michigan | 1 | $ 185,000 | $ 185,000 | $ 50,000 |
| Wayne, Michigan | 1 | $ 2,000 | $ 2,000 | $ 31,000 |
Mortgage Loan Application Detail Totals for T&I Credit Union in 2016
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 | 47 | $7,121,000 | $151,000 | $386,000 | $96,000 | $240,000 |
| Home Improvement | 12 | $1,305,000 | $108,000 | $326,000 | $71,000 | $198,000 |
| Home Purchase | 1 | $56,000 | $56,000 | $56,000 | $86,000 | $86,000 |
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 | 54 | $7,728,000 | $143,000 | $386,000 | $92,000 | $240,000 |
| Asian | 3 | $745,000 | $248,000 | $294,000 | $125,000 | $179,000 |
| Black or African American | 3 | $9,000 | $3,000 | $4,000 | $36,000 | $42,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiin 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 |
| 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) | 60 | $8,482,000 | $141,000 | $386,000 | $91,000 | $240,000 |
| 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 | 59 | $8,374,000 | $141,000 | $386,000 | $91,000 | $240,000 |
| Application Denied By Financial Institution | 1 | $108,000 | $108,000 | $108,000 | $48,000 | $48,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial 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 |
|---|---|---|---|---|---|---|
| Collateral | 1 | $108,000 | $108,000 | $108,000 | $48,000 | $48,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into T&I Credit Union's 2016 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 T&I Credit Union'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 Michigan, download the full spreadsheet
with aggregated HMDA statistics today.
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