Third Federal Savings and Loan Mortgage Lending & HMDA Data, 2007

In 2007, Third Federal Savings and Loan of Cleveland, OH reported 24,361 mortgage applications totaling $3.8 billion, down 9% from 2006. The average application was for $154,490, and applicants reported an average income of $85,852. 48% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Cleveland-Elyria-Mentor, OH (7,246), Cincinnati-Middletown, OH-KY-IN (2,536) and Columbus, OH (1,886) (applications in parentheses).

Mortgage Company & Address Third Federal Savings and Loan
7007 Broadway Avenue
Cleveland, OH 44105
Tel #: available with data download
Federal Regulator * available with data download
Years 2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 24,361
Total Mortgage Loan Application Amount $3,763,551,000
Average Mortgage Loan Application Amount $154,490
Highest Mortgage Loan Application Amount $2,000,000
Average Applicant Income $85,852
Highest Applicant Income $6,068,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Third Federal Savings and Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Third Federal Savings and Loan by County in 2007

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Cuyahoga, Ohio 4,469 $ 532,775,000 $ 119,215 $ 79,000
Franklin, Ohio 1,288 $ 204,149,000 $ 158,500 $ 95,000
Summit, Ohio 1,230 $ 179,182,000 $ 145,676 $ 87,000
Hamilton, Ohio 1,202 $ 198,265,000 $ 164,945 $ 97,000
Lorain, Ohio 904 $ 134,091,000 $ 148,330 $ 85,000
Medina, Ohio 822 $ 129,269,000 $ 157,261 $ 92,000
Lake, Ohio 795 $ 114,636,000 $ 144,196 $ 85,000
Pinellas, Florida 470 $ 69,455,000 $ 147,776 $ 93,000
Palm Beach, Florida 405 $ 79,013,000 $ 195,093 $ 113,000
Butler, Ohio 392 $ 65,030,000 $ 165,892 $ 100,000
Warren, Ohio 332 $ 64,997,000 $ 195,774 $ 109,000
Delaware, Ohio 327 $ 74,019,000 $ 226,357 $ 133,000
Geauga, Ohio 258 $ 52,329,000 $ 202,825 $ 104,000
Hillsborough, Florida 250 $ 34,521,000 $ 138,084 $ 89,000
Clermont, Ohio 245 $ 38,609,000 $ 157,587 $ 98,000
Portage, Ohio 245 $ 38,379,000 $ 156,648 $ 86,000
Lee, Florida 217 $ 45,769,000 $ 210,917 $ 126,000
Pasco, Florida 179 $ 24,037,000 $ 134,284 $ 70,000
Broward, Florida 149 $ 24,702,000 $ 165,785 $ 107,000
Kenton, Kentucky 127 $ 21,390,000 $ 168,425 $ 98,000
Boone, Kentucky 126 $ 21,712,000 $ 172,317 $ 97,000
Collier, Florida 123 $ 27,367,000 $ 222,495 $ 116,000
Sarasota, Florida 122 $ 19,216,000 $ 157,508 $ 107,000
Stark, Ohio 112 $ 12,960,000 $ 115,714 $ 76,000
Campbell, Kentucky 103 $ 14,800,000 $ 143,689 $ 87,000
Fairfield, Ohio 86 $ 15,651,000 $ 181,988 $ 105,000
Licking, Ohio 80 $ 12,449,000 $ 155,612 $ 91,000
Manatee, Florida 72 $ 13,964,000 $ 193,944 $ 129,000
Union, Ohio 64 $ 13,095,000 $ 204,609 $ 116,000
Hernando, Florida 58 $ 8,371,000 $ 144,327 $ 66,000
Montgomery, Ohio 53 $ 9,070,000 $ 171,132 $ 96,000
Ashtabula, Ohio 52 $ 5,254,000 $ 101,038 $ 74,000
Wayne, Ohio 51 $ 7,503,000 $ 147,117 $ 141,000
Miami-Dade, Florida 43 $ 8,604,000 $ 200,093 $ 102,000
Erie, Ohio 38 $ 6,170,000 $ 162,368 $ 109,000
Orange, Florida 36 $ 4,754,000 $ 132,055 $ 85,000
Charlotte, Florida 31 $ 4,165,000 $ 134,354 $ 116,000
Los Angeles, California 29 $ 2,226,000 $ 76,758 $ 106,000
Ottawa, Ohio 28 $ 5,091,000 $ 181,821 $ 198,000
Polk, Florida 24 $ 3,643,000 $ 151,791 $ 92,000
Greene, Ohio 21 $ 2,195,000 $ 104,523 $ 83,000
Martin, Florida 19 $ 4,215,000 $ 221,842 $ 129,000
Ashland, Ohio 17 $ 1,624,000 $ 95,529 $ 62,000
Knox, Ohio 17 $ 2,380,000 $ 140,000 $ 83,000
Madison, Ohio 17 $ 3,200,000 $ 188,235 $ 92,000
Pickaway, Ohio 17 $ 2,913,000 $ 171,352 $ 83,000
Cook, Illinois 16 $ 822,000 $ 51,375 $ 86,000
Lucas, Ohio 16 $ 2,109,000 $ 131,812 $ 83,000
Lake, Florida 14 $ 1,317,000 $ 94,071 $ 86,000
St. Lucie, Florida 14 $ 3,002,000 $ 214,428 $ 116,000
Volusia, Florida 14 $ 1,530,000 $ 109,285 $ 77,000
Clark, Ohio 12 $ 1,413,000 $ 117,750 $ 58,000
Mahoning, Ohio 12 $ 1,618,000 $ 134,833 $ 88,000
Brown, Ohio 11 $ 1,580,000 $ 143,636 $ 98,000
Citrus, Florida 10 $ 1,582,000 $ 158,200 $ 93,000
Osceola, Florida 10 $ 1,428,000 $ 142,800 $ 58,000
Seminole, Florida 10 $ 1,423,000 $ 142,300 $ 112,000
Perry, Ohio 10 $ 2,284,000 $ 228,400 $ 149,000
Riverside, California 9 $ 527,000 $ 58,555 $ 91,000
Clinton, Ohio 9 $ 1,555,000 $ 172,777 $ 80,000
Huron, Ohio 9 $ 1,090,000 $ 121,111 $ 102,000
Logan, Ohio 9 $ 1,121,000 $ 124,555 $ 79,000
Bucks, Pennsylvania 9 $ 656,000 $ 72,888 $ 185,000
Duval, Florida 8 $ 448,000 $ 56,000 $ 83,000
DuPage, Illinois 8 $ 421,000 $ 52,625 $ 115,000
Miami, Ohio 8 $ 786,000 $ 98,250 $ 48,000
Montgomery, Pennsylvania 8 $ 332,000 $ 41,500 $ 94,000
Contra Costa, California 7 $ 516,000 $ 73,714 $ 153,000
San Bernardino, California 7 $ 427,000 $ 61,000 $ 86,000
Plymouth, Massachusetts 7 $ 274,000 $ 39,142 $ 78,000
Hocking, Ohio 7 $ 1,436,000 $ 205,142 $ 177,000
Morrow, Ohio 7 $ 1,453,000 $ 207,571 $ 148,000
Preble, Ohio 7 $ 1,051,000 $ 150,142 $ 92,000
Trumbull, Ohio 7 $ 573,000 $ 81,857 $ 72,000
Tuscarawas, Ohio 7 $ 1,173,000 $ 167,571 $ 67,000
Chester, Pennsylvania 7 $ 389,000 $ 55,571 $ 91,000
Delaware, Pennsylvania 7 $ 498,000 $ 71,142 $ 162,000
Santa Clara, California 6 $ 606,000 $ 101,000 $ 139,000
Leon, Florida 6 $ 400,000 $ 66,666 $ 80,000
Will, Illinois 6 $ 287,000 $ 47,833 $ 124,000
Athens, Ohio 6 $ 945,000 $ 157,500 $ 128,000
Champaign, Ohio 6 $ 511,000 $ 85,166 $ 85,000
Hancock, Ohio 6 $ 677,000 $ 112,833 $ 110,000
Ross, Ohio 6 $ 783,000 $ 130,500 $ 69,000
Alameda, California 5 $ 298,000 $ 59,600 $ 96,000
Orange, California 5 $ 409,000 $ 81,800 $ 94,000
Lake, Illinois 5 $ 312,000 $ 62,400 $ 91,000
Carroll, Ohio 5 $ 431,000 $ 86,200 $ 114,000
Columbiana, Ohio 5 $ 773,000 $ 154,600 $ 76,000
Richland, Ohio 5 $ 627,000 $ 125,400 $ 114,000
Sandusky, Ohio 5 $ 734,000 $ 146,800 $ 91,000
Philadelphia, Pennsylvania 5 $ 304,000 $ 60,800 $ 144,000
San Francisco, California 4 $ 766,000 $ 191,500 $ 266,000
Ventura, California 4 $ 255,000 $ 63,750 $ 142,000
Fayette, Ohio 4 $ 597,000 $ 149,250 $ 107,000
Jackson, Ohio 4 $ 355,000 $ 88,750 $ 82,000
Marion, Ohio 4 $ 356,000 $ 89,000 $ 65,000
Kern, California 3 $ 145,000 $ 48,333 $ 86,000
Sacramento, California 3 $ 215,000 $ 71,666 $ 128,000
San Diego, California 3 $ 225,000 $ 75,000 $ 150,000
Brevard, Florida 3 $ 113,000 $ 37,666 $ 67,000
Okaloosa, Florida 3 $ 219,000 $ 73,000 $ 55,000
Kane, Illinois 3 $ 116,000 $ 38,666 $ 97,000
McHenry, Illinois 3 $ 139,000 $ 46,333 $ 92,000
Middlesex, Massachusetts 3 $ 95,000 $ 31,666 $ 62,000
Worcester, Massachusetts 3 $ 220,000 $ 73,333 $ 69,000
Allen, Ohio 3 $ 305,000 $ 101,666 $ 166,000
Crawford, Ohio 3 $ 487,000 $ 162,333 $ 62,000
Highland, Ohio 3 $ 320,000 $ 106,666 $ 148,000
Holmes, Ohio 3 $ 493,000 $ 164,333 $ 146,000
Meigs, Ohio 3 $ 272,000 $ 90,666 $ 101,000
Wood, Ohio 3 $ 519,000 $ 173,000 $ 108,000
Dauphin, Pennsylvania 3 $ 108,000 $ 36,000 $ 80,000
Napa, California 2 $ 133,000 $ 66,500 $ 175,000
Placer, California 2 $ 100,000 $ 50,000 $ 204,000
Sonoma, California 2 $ 80,000 $ 40,000 $ 72,000
Bay, Florida 2 $ 65,000 $ 32,500 $ 21,000
Clay, Florida 2 $ 73,000 $ 36,500 $ 64,000
Escambia, Florida 2 $ 74,000 $ 37,000 $ 35,000
Hardee, Florida 2 $ 131,000 $ 65,500 $ 72,000
Highlands, Florida 2 $ 40,000 $ 20,000 $ 43,000
Jackson, Florida 2 $ 105,000 $ 52,500 $ 51,000
Marion, Florida 2 $ 65,000 $ 32,500 $ 70,000
Kendall, Illinois 2 $ 68,000 $ 34,000 $ 76,000
Peoria, Illinois 2 $ 80,000 $ 40,000 $ 34,000
Belmont, Ohio 2 $ 164,000 $ 82,000 $ 59,000
Coshocton, Ohio 2 $ 382,000 $ 191,000 $ 71,000
Darke, Ohio 2 $ 226,000 $ 113,000 $ 89,000
Gallia, Ohio 2 $ 480,000 $ 240,000 $ 145,000
Lawrence, Ohio 2 $ 280,000 $ 140,000 $ 81,000
Seneca, Ohio 2 $ 292,000 $ 146,000 $ 106,000
Washington, Ohio 2 $ 107,000 $ 53,500 $ 97,000
Berks, Pennsylvania 2 $ 85,000 $ 42,500 $ 75,000
Lancaster, Pennsylvania 2 $ 90,000 $ 45,000 $ 73,000
Monroe, Pennsylvania 2 $ 250,000 $ 125,000 $ 20,000
El Dorado, California 1 $ 50,000 $ 50,000 $ 83,000
Fresno, California 1 $ 16,000 $ 16,000 $ 0
Imperial, California 1 $ 71,000 $ 71,000 $ 77,000
Mono, California 1 $ 100,000 $ 100,000 $ 180,000
Monterey, California 1 $ 50,000 $ 50,000 $ 97,000
San Joaquin, California 1 $ 46,000 $ 46,000 $ 126,000
San Mateo, California 1 $ 250,000 $ 250,000 $ 200,000
Solano, California 1 $ 85,000 $ 85,000 $ 193,000
Tehama, California 1 $ 150,000 $ 150,000 $ 90,000
Tulare, California 1 $ 168,000 $ 168,000 $ 183,000
Alachua, Florida 1 $ 30,000 $ 30,000 $ 60,000
Baker, Florida 1 $ 5,000 $ 5,000 $ 5,000
Indian River, Florida 1 $ 165,000 $ 165,000 $ 287,000
Monroe, Florida 1 $ 417,000 $ 417,000 $ 210,000
Nassau, Florida 1 $ 30,000 $ 30,000 $ 100,000
St. Johns, Florida 1 $ 85,000 $ 85,000 $ 74,000
Walton, Florida 1 $ 55,000 $ 55,000 $ 68,000
DeKalb, Illinois 1 $ 45,000 $ 45,000 $ 165,000
Tazewell, Illinois 1 $ 38,000 $ 38,000 $ 146,000
Winnebago, Illinois 1 $ 40,000 $ 40,000 $ 60,000
Fayette, Kentucky 1 $ 197,000 $ 197,000 $ 177,000
Grant, Kentucky 1 $ 38,000 $ 38,000 $ 110,000
Harrison, Kentucky 1 $ 60,000 $ 60,000 $ 75,000
Berkshire, Massachusetts 1 $ 50,000 $ 50,000 $ 140,000
Bristol, Massachusetts 1 $ 20,000 $ 20,000 $ 68,000
Essex, Massachusetts 1 $ 150,000 $ 150,000 $ 271,000
Hampden, Massachusetts 1 $ 40,000 $ 40,000 $ 60,000
Hampshire, Massachusetts 1 $ 22,000 $ 22,000 $ 85,000
Suffolk, Massachusetts 1 $ 50,000 $ 50,000 $ 96,000
Fulton, Ohio 1 $ 156,000 $ 156,000 $ 133,000
Guernsey, Ohio 1 $ 30,000 $ 30,000 $ 624,000
Hardin, Ohio 1 $ 65,000 $ 65,000 $ 63,000
Muskingum, Ohio 1 $ 155,000 $ 155,000 $ 83,000
Noble, Ohio 1 $ 25,000 $ 25,000 $ 32,000
Shelby, Ohio 1 $ 214,000 $ 214,000 $ 94,000
Allegheny, Pennsylvania 1 $ 52,000 $ 52,000 $ 79,000
Cambria, Pennsylvania 1 $ 30,000 $ 30,000 $ 15,000
Erie, Pennsylvania 1 $ 33,000 $ 33,000 $ 68,000
Lackawanna, Pennsylvania 1 $ 20,000 $ 20,000 $ 120,000
Northampton, Pennsylvania 1 $ 60,000 $ 60,000 $ 314,000
Pike, Pennsylvania 1 $ 20,000 $ 20,000 $ 143,000
Susquehanna, Pennsylvania 1 $ 3,000 $ 3,000 $ 14,000
Tioga, Pennsylvania 1 $ 30,000 $ 30,000 $ 27,000
Washington, Pennsylvania 1 $ 36,000 $ 36,000 $ 100,000
York, Pennsylvania 1 $ 31,000 $ 31,000 $ 58,000

Mortgage Loan Application Detail Totals for Third Federal Savings and Loan in 2007

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 15,860 $2,742,584,000 $172,000 $2,000,000 $85,000 $6,068,000
Refinancing 6,903 $945,238,000 $136,000 $1,530,000 $85,000 $4,098,000
Home Improvement 1,598 $75,729,000 $47,000 $692,000 $98,000 $3,354,000

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 18,909 $3,028,725,000 $160,000 $2,000,000 $89,000 $6,068,000
Black or African American 2,039 $224,144,000 $109,000 $650,000 $57,000 $2,110,000
Not Provided 1,814 $256,161,000 $141,000 $1,530,000 $95,000 $1,440,000
Asian 745 $142,262,000 $190,000 $650,000 $99,000 $1,850,000
Hispanic 664 $85,399,000 $128,000 $770,000 $71,000 $659,000
American Indian or Alaskan Native 102 $13,639,000 $133,000 $650,000 $77,000 $1,188,000
Native Hawaiian or Other Pacific Islander 78 $12,934,000 $165,000 $650,000 $84,000 $378,000
Not applicable 10 $287,000 $28,000 $61,000 $73,000 $198,000

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) 24,361 $3,763,551,000 $154,000 $2,000,000 $86,000 $6,068,000
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 11,703 $1,813,245,000 $154,000 $1,596,000 $94,000 $2,976,000
Preapproval Approved but not Accepted 4,255 $774,601,000 $182,000 $2,000,000 $87,000 $4,028,000
Preapproval Denied by Financial Institution 3,826 $575,637,000 $150,000 $1,395,000 $63,000 $6,068,000
Application Denied By Financial Institution 2,750 $329,697,000 $119,000 $873,000 $75,000 $3,354,000
Application Approved But Not Accepted 1,272 $179,705,000 $141,000 $1,000,000 $103,000 $1,714,000
Application Withdrawn By Applicant 434 $71,764,000 $165,000 $1,000,000 $93,000 $4,098,000
File Closed For Incompleteness 121 $18,902,000 $156,000 $725,000 $80,000 $600,000
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 3,971 $506,930,000 $127,000 $1,395,000 $68,000 $3,354,000
Debt-To-Income Ratio 1,786 $285,155,000 $159,000 $895,000 $51,000 $545,000
Collateral 409 $45,921,000 $112,000 $873,000 $107,000 $1,260,000
Unverifiable Information 180 $36,466,000 $202,000 $1,000,000 $121,000 $6,068,000
Other 139 $18,246,000 $131,000 $417,000 $93,000 $435,000
Employment History 53 $8,233,000 $155,000 $398,000 $50,000 $154,000
Insufficient Cash (Downpayment, Closing Cost) 20 $2,712,000 $135,000 $290,000 $58,000 $134,000
Credit Application Incomplete 18 $1,671,000 $92,000 $295,000 $105,000 $258,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Third Federal Savings and Loan's 2007 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 Third Federal Savings and Loan'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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