The Members Group Mortgage Lending & HMDA Data, 2003
In 2003, The Members Group of Clive, IA reported 208 mortgage applications totaling $17.8 million. The average application was for $85,432, and applicants reported an average income of $50,980. 0% of its applications resulted in an originated loan and 39% were denied. Its largest markets were Des Moines, IA (43), Sioux City, IA-NE (26) and Davenport-Moline-Rock Island, IA-IL (17) (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 | 208 |
| Total Mortgage Loan Application Amount | $17,770,000 |
| Average Mortgage Loan Application Amount | $85,432 |
| Highest Mortgage Loan Application Amount | $220,000 |
| Average Applicant Income | $50,980 |
| Highest Applicant Income | $182,000 |
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Act (HMDA) records The Members Group filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for The Members Group in 2003
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 (home purchase or home improvement, one-to-four family) | 160 | $13,935,000 | $92,800 | $220,000 | $77,000 | $182,000 |
| Home Purchase (one-to-four family) | 48 | $3,835,000 | $91,500 | $184,000 | $46,000 | $130,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 0 | $0 | $0 | $0 | $0 | $0 |
| Home Improvement (one-to-four family) | 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 | 161 | $13,859,000 | $95,400 | $220,000 | $78,800 | $182,000 |
| Information not provided by applicant in mail or telephone application | 41 | $3,398,000 | $86,000 | $153,000 | $42,500 | $130,000 |
| Asian or Pacific Islander | 3 | $203,000 | $67,000 | $109,000 | $40,000 | $53,000 |
| Black | 1 | $166,000 | $166,000 | $166,000 | $75,000 | $75,000 |
| Hispanic | 1 | $62,000 | $62,000 | $62,000 | $40,000 | $40,000 |
| American Indian or Alaskan Native | 1 | $82,000 | $82,000 | $82,000 | $63,000 | $63,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 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) | 204 | $17,371,000 | $95,400 | $220,000 | $77,400 | $182,000 |
| VA-guaranteed (Veterans Administration) | 4 | $399,000 | $99,000 | $143,000 | $40,000 | $63,000 |
| 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 | 127 | $11,113,000 | $96,800 | $220,000 | $79,200 | $182,000 |
| Application Denied By Financial Institution | 81 | $6,657,000 | $79,500 | $196,000 | $35,500 | $130,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Originated | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 46 | $3,664,000 | $78,000 | $180,000 | $34,000 | $101,000 |
| Other | 14 | $1,291,000 | $92,000 | $166,000 | $55,000 | $89,000 |
| Collateral | 13 | $1,036,000 | $79,000 | $138,000 | $49,000 | $130,000 |
| Debt-To-Income Ratio | 7 | $576,000 | $82,000 | $196,000 | $45,000 | $70,000 |
| Employment History | 1 | $90,000 | $90,000 | $90,000 | $30,000 | $30,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Members Group's 2003 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.
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