The Equitable Bank SSB Mortgage Lending & HMDA Data, 2017

In 2017, The Equitable Bank SSB of Wauwatosa, WI reported 830 mortgage applications totaling $183.0 million, down 26% from 2016. The average application was for $220,422, and applicants reported an average income of $108,959. 77% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Milwaukee-Waukesha-West Allis, WI (667), Racine, WI (54) and Lake County-Kenosha County, IL-WI (22) (applications in parentheses).

Mortgage Company & Address The Equitable Bank SSB
2290 North Mayfair Road
Wauwatosa, WI 53226
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 830
Total Mortgage Loan Application Amount $182,951,000
Average Mortgage Loan Application Amount $220,422
Highest Mortgage Loan Application Amount $2,330,000
Average Applicant Income $108,959
Highest Applicant Income $988,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The Equitable Bank SSB filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for The Equitable Bank SSB in 2017

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 583 $127,665,000 $218,000 $1,000,000 $111,000 $988,000
Refinancing 240 $53,555,000 $223,000 $2,330,000 $104,000 $504,000
Home Improvement 7 $1,731,000 $247,000 $461,000 $109,000 $226,000

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 628 $139,766,000 $222,000 $846,000 $119,000 $988,000
Black or African American 73 $9,711,000 $133,000 $677,000 $72,000 $330,000
Asian 48 $12,056,000 $251,000 $749,000 $146,000 $487,000
Hispanic 39 $5,968,000 $153,000 $424,000 $68,000 $325,000
Not applicable 27 $12,908,000 $478,000 $2,330,000 $0 $0
Not Provided 13 $2,082,000 $160,000 $445,000 $65,000 $116,000
Native Hawaiian or Other Pacific Islander 1 $190,000 $190,000 $190,000 $126,000 $126,000
American Indian or Alaskan Native 1 $270,000 $270,000 $270,000 $119,000 $119,000

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) 718 $161,456,000 $224,000 $2,330,000 $115,000 $988,000
FHA-insured (Federal Housing Administration) 73 $12,274,000 $168,000 $349,000 $64,000 $168,000
VA-guaranteed (Veterans Administration) 39 $9,221,000 $236,000 $445,000 $86,000 $235,000
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 642 $145,058,000 $225,000 $2,330,000 $111,000 $988,000
Application Withdrawn By Applicant 51 $12,268,000 $240,000 $920,000 $160,000 $768,000
Preapproval Denied by Financial Institution 46 $7,148,000 $155,000 $424,000 $55,000 $151,000
Application Approved But Not Accepted 44 $8,801,000 $200,000 $632,000 $114,000 $381,000
Application Denied By Financial Institution 36 $7,176,000 $199,000 $1,000,000 $81,000 $504,000
File Closed For Incompleteness 11 $2,500,000 $227,000 $400,000 $110,000 $281,000
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
Collateral 0 $0 $0 $0 $0 $0
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 The Equitable Bank SSB's 2017 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 The Equitable Bank SSB'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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