The Members Group Mortgage Lending & HMDA Data, 2004
In 2004, The Members Group of Clive, IA reported 99 mortgage applications totaling $9.7 million, down 52% from 2003. The average application was for $97,656, and applicants reported an average income of $44,222. 1% of its applications resulted in an originated loan and 26% were denied. Its largest markets were Des Moines, IA (22), Sioux City, IA-NE-SD (5) and Waterloo-Cedar Falls, IA (5) (applications in parentheses).
| Mortgage Company & Address | The Members Group 1500 Nw 118th St Clive, IA 50325 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 99 |
| Total Mortgage Loan Application Amount | $9,668,000 |
| Average Mortgage Loan Application Amount | $97,656 |
| Highest Mortgage Loan Application Amount | $270,000 |
| Average Applicant Income | $44,222 |
| Highest Applicant Income | $140,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The Members Group filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Des Moines, IA | 22 | $ 2,353,000 | $ 106,954 | $ 50,000 |
| Sioux City, IA-NE-SD | 5 | $ 363,000 | $ 72,600 | $ 44,000 |
| Waterloo-Cedar Falls, IA | 5 | $ 441,000 | $ 88,200 | $ 53,000 |
| Ames, IA | 4 | $ 534,000 | $ 133,500 | $ 47,000 |
| Dubuque, IA | 4 | $ 344,000 | $ 86,000 | $ 42,000 |
| Davenport-Moline-Rock Island, IA-IL | 3 | $ 274,000 | $ 91,333 | $ 43,000 |
| Cedar Rapids, IA | 2 | $ 120,000 | $ 60,000 | $ 26,000 |
Mortgage Loan Application Detail Totals for The Members Group in 2004
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 | 62 | $6,123,000 | $89,000 | $270,000 | $38,833 | $140,000 |
| Refinancing | 37 | $3,545,000 | $99,500 | $220,000 | $46,000 | $83,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $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 | 76 | $7,548,000 | $100,800 | $270,000 | $53,800 | $140,000 |
| Not Provided | 15 | $1,446,000 | $70,666 | $241,000 | $22,333 | $75,000 |
| Black or African American | 3 | $297,000 | $99,000 | $140,000 | $53,000 | $62,000 |
| Hispanic | 3 | $255,000 | $85,000 | $95,000 | $32,666 | $44,000 |
| Asian | 2 | $122,000 | $61,000 | $77,000 | $49,000 | $54,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 98 | $9,542,000 | $89,333 | $270,000 | $40,666 | $140,000 |
| VA-guaranteed (Veterans Administration) | 1 | $126,000 | $126,000 | $126,000 | $64,000 | $64,000 |
| 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 |
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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 64 | $6,721,000 | $85,500 | $241,000 | $33,250 | $84,000 |
| Application Denied By Financial Institution | 26 | $1,938,000 | $88,666 | $200,000 | $49,000 | $76,000 |
| Preapproval Approved but not Accepted | 4 | $508,000 | $127,000 | $270,000 | $51,000 | $140,000 |
| Preapproval Denied by Financial Institution | 4 | $375,000 | $93,000 | $160,000 | $31,000 | $44,000 |
| Loan Originated | 1 | $126,000 | $126,000 | $126,000 | $64,000 | $64,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 18 | $1,408,000 | $83,750 | $200,000 | $46,000 | $76,000 |
| Debt-To-Income Ratio | 3 | $192,000 | $64,000 | $114,000 | $23,000 | $27,000 |
| Other | 1 | $65,000 | $65,000 | $65,000 | $30,000 | $30,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Members Group's 2004 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 Members Group'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 Iowa, download the full spreadsheet
with aggregated HMDA statistics today.
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