Third Federal Savings and Loan Mortgage Lending & HMDA Data, 2009

In 2009, Third Federal Savings and Loan of Cleveland, OH reported 29,842 mortgage applications totaling $5.1 billion, up 15% from 2008. The average application was for $169,424, and applicants reported an average income of $98,577. 51% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Cleveland-Elyria-Mentor, OH (9,131), Cincinnati-Middletown, OH-KY-IN (3,643) and Columbus, OH (2,806) (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 29,842
Total Mortgage Loan Application Amount $5,055,952,000
Average Mortgage Loan Application Amount $169,424
Highest Mortgage Loan Application Amount $1,520,000
Average Applicant Income $98,577
Highest Applicant Income $7,316,000

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records Third Federal Savings and Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2009

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Cuyahoga, Ohio 5,381 $ 762,289,000 $ 141,663 $ 96,000
Franklin, Ohio 1,722 $ 326,109,000 $ 189,378 $ 121,000
Hamilton, Ohio 1,642 $ 332,152,000 $ 202,285 $ 122,000
Summit, Ohio 1,599 $ 255,440,000 $ 159,749 $ 101,000
Medina, Ohio 1,161 $ 191,888,000 $ 165,278 $ 96,000
Lake, Ohio 1,088 $ 167,548,000 $ 153,996 $ 91,000
Lorain, Ohio 1,056 $ 164,559,000 $ 155,832 $ 95,000
Delaware, Ohio 666 $ 162,972,000 $ 244,702 $ 146,000
Palm Beach, Florida 606 $ 114,538,000 $ 189,006 $ 105,000
Pinellas, Florida 604 $ 101,605,000 $ 168,220 $ 93,000
Butler, Ohio 559 $ 104,724,000 $ 187,341 $ 109,000
Warren, Ohio 537 $ 114,315,000 $ 212,877 $ 121,000
Geauga, Ohio 459 $ 95,038,000 $ 207,054 $ 121,000
Clermont, Ohio 383 $ 74,566,000 $ 194,689 $ 109,000
Portage, Ohio 303 $ 50,355,000 $ 166,188 $ 101,000
Lee, Florida 296 $ 59,419,000 $ 200,739 $ 139,000
Broward, Florida 219 $ 46,358,000 $ 211,680 $ 110,000
Collier, Florida 215 $ 48,474,000 $ 225,460 $ 110,000
Sarasota, Florida 210 $ 40,110,000 $ 191,000 $ 104,000
Boone, Kentucky 196 $ 38,058,000 $ 194,173 $ 112,000
Kenton, Kentucky 179 $ 32,507,000 $ 181,603 $ 99,000
Stark, Ohio 176 $ 25,704,000 $ 146,045 $ 86,000
Hillsborough, Florida 166 $ 34,697,000 $ 209,018 $ 117,000
Pasco, Florida 157 $ 24,252,000 $ 154,471 $ 79,000
Campbell, Kentucky 139 $ 25,672,000 $ 184,690 $ 101,000
Licking, Ohio 133 $ 23,965,000 $ 180,187 $ 102,000
Fairfield, Ohio 129 $ 22,709,000 $ 176,038 $ 103,000
Miami-Dade, Florida 89 $ 19,991,000 $ 224,617 $ 124,000
Union, Ohio 88 $ 21,688,000 $ 246,454 $ 130,000
Manatee, Florida 84 $ 16,134,000 $ 192,071 $ 112,000
Montgomery, Ohio 76 $ 13,267,000 $ 174,565 $ 150,000
Ashtabula, Ohio 69 $ 9,274,000 $ 134,405 $ 72,000
Wayne, Ohio 61 $ 8,912,000 $ 146,098 $ 80,000
Hernando, Florida 50 $ 7,782,000 $ 155,640 $ 60,000
Erie, Ohio 49 $ 9,719,000 $ 198,346 $ 135,000
Greene, Ohio 47 $ 8,727,000 $ 185,680 $ 96,000
Martin, Florida 42 $ 9,768,000 $ 232,571 $ 103,000
Trumbull, Ohio 37 $ 4,736,000 $ 128,000 $ 74,000
Madison, Ohio 36 $ 6,583,000 $ 182,861 $ 87,000
Ottawa, Ohio 30 $ 5,809,000 $ 193,633 $ 190,000
Charlotte, Florida 28 $ 5,245,000 $ 187,321 $ 84,000
Orange, Florida 25 $ 6,419,000 $ 256,760 $ 133,000
Lucas, Ohio 25 $ 3,859,000 $ 154,360 $ 123,000
Pickaway, Ohio 24 $ 3,899,000 $ 162,458 $ 91,000
Knox, Ohio 23 $ 4,535,000 $ 197,173 $ 111,000
Mahoning, Ohio 20 $ 3,205,000 $ 160,250 $ 104,000
Huron, Ohio 18 $ 3,088,000 $ 171,555 $ 134,000
Polk, Florida 14 $ 1,963,000 $ 140,214 $ 90,000
Richland, Ohio 14 $ 1,772,000 $ 126,571 $ 69,000
Seminole, Florida 13 $ 2,241,000 $ 172,384 $ 94,000
Ashland, Ohio 13 $ 1,682,000 $ 129,384 $ 68,000
Morrow, Ohio 13 $ 3,145,000 $ 241,923 $ 96,000
Miami, Ohio 12 $ 1,971,000 $ 164,250 $ 88,000
Wood, Ohio 12 $ 2,301,000 $ 191,750 $ 105,000
Brown, Ohio 11 $ 1,298,000 $ 118,000 $ 74,000
Carroll, Ohio 11 $ 1,260,000 $ 114,545 $ 62,000
Lake, Florida 10 $ 1,646,000 $ 164,600 $ 152,000
Marion, Ohio 10 $ 1,850,000 $ 185,000 $ 89,000
Perry, Ohio 10 $ 1,884,000 $ 188,400 $ 83,000
St. Lucie, Florida 9 $ 1,277,000 $ 141,888 $ 68,000
Clark, Ohio 9 $ 1,197,000 $ 133,000 $ 139,000
Tuscarawas, Ohio 9 $ 1,461,000 $ 162,333 $ 106,000
Citrus, Florida 8 $ 1,739,000 $ 217,375 $ 76,000
Clinton, Ohio 8 $ 1,470,000 $ 183,750 $ 59,000
Hocking, Ohio 8 $ 2,002,000 $ 250,250 $ 189,000
Muskingum, Ohio 8 $ 985,000 $ 123,125 $ 72,000
Athens, Ohio 7 $ 734,000 $ 104,857 $ 75,000
Columbiana, Ohio 7 $ 597,000 $ 85,285 $ 54,000
Scioto, Ohio 7 $ 1,109,000 $ 158,428 $ 113,000
Osceola, Florida 6 $ 1,392,000 $ 232,000 $ 199,000
Cook, Illinois 6 $ 238,000 $ 39,666 $ 99,000
Holmes, Ohio 6 $ 961,000 $ 160,166 $ 146,000
Logan, Ohio 6 $ 772,000 $ 128,666 $ 72,000
Washington, Ohio 6 $ 909,000 $ 151,500 $ 98,000
Coshocton, Ohio 5 $ 925,000 $ 185,000 $ 169,000
Volusia, Florida 4 $ 490,000 $ 122,500 $ 96,000
Middlesex, New Jersey 4 $ 300,000 $ 75,000 $ 123,000
Mecklenburg, North Carolina 4 $ 155,000 $ 38,750 $ 86,000
Champaign, Ohio 4 $ 680,000 $ 170,000 $ 57,000
Highland, Ohio 4 $ 905,000 $ 226,250 $ 92,000
Preble, Ohio 4 $ 433,000 $ 108,250 $ 64,000
Fairfield, Connecticut 3 $ 201,000 $ 67,000 $ 140,000
Bergen, New Jersey 3 $ 119,000 $ 39,666 $ 93,000
Burlington, New Jersey 3 $ 61,000 $ 20,333 $ 28,000
Belmont, Ohio 3 $ 480,000 $ 160,000 $ 82,000
Crawford, Ohio 3 $ 322,000 $ 107,333 $ 59,000
Fayette, Ohio 3 $ 199,000 $ 66,333 $ 50,000
Jackson, Ohio 3 $ 237,000 $ 79,000 $ 101,000
Ross, Ohio 3 $ 354,000 $ 118,000 $ 66,000
Jefferson, Alabama 2 $ 27,000 $ 13,500 $ 70,000
Douglas, Colorado 2 $ 51,000 $ 25,500 $ 102,000
Larimer, Colorado 2 $ 157,000 $ 78,500 $ 36,000
Monroe, Florida 2 $ 60,000 $ 30,000 $ 155,000
Essex, Massachusetts 2 $ 155,000 $ 77,500 $ 255,000
Norfolk, Massachusetts 2 $ 47,000 $ 23,500 $ 122,000
Camden, New Jersey 2 $ 80,000 $ 40,000 $ 104,000
Essex, New Jersey 2 $ 150,000 $ 75,000 $ 69,000
Somerset, New Jersey 2 $ 135,000 $ 67,500 $ 78,000
Adams, Ohio 2 $ 348,000 $ 174,000 $ 256,000
Darke, Ohio 2 $ 313,000 $ 156,500 $ 98,000
Guernsey, Ohio 2 $ 170,000 $ 85,000 $ 36,000
Hardin, Ohio 2 $ 385,000 $ 192,500 $ 123,000
Jefferson, Ohio 2 $ 393,000 $ 196,500 $ 91,000
Shelby, Ohio 2 $ 261,000 $ 130,500 $ 144,000
Wyandot, Ohio 2 $ 442,000 $ 221,000 $ 144,000
Clackamas, Oregon 2 $ 64,000 $ 32,000 $ 89,000
Washington, Oregon 2 $ 240,000 $ 120,000 $ 199,000
Montgomery, Pennsylvania 2 $ 83,000 $ 41,500 $ 92,000
Sumner, Tennessee 2 $ 56,000 $ 28,000 $ 69,000
Clark, Washington 2 $ 87,000 $ 43,500 $ 32,000
Milwaukee, Wisconsin 2 $ 60,000 $ 30,000 $ 126,000
Baldwin, Alabama 1 $ 40,000 $ 40,000 $ 78,000
Marshall, Alabama 1 $ 50,000 $ 50,000 $ 45,000
Montgomery, Alabama 1 $ 7,000 $ 7,000 $ 44,000
Arapahoe, Colorado 1 $ 5,000 $ 5,000 $ 68,000
El Paso, Colorado 1 $ 5,000 $ 5,000 $ 24,000
New Haven, Connecticut 1 $ 30,000 $ 30,000 $ 109,000
Alachua, Florida 1 $ 25,000 $ 25,000 $ 39,000
Duval, Florida 1 $ 130,000 $ 130,000 $ 120,000
Indian River, Florida 1 $ 100,000 $ 100,000 $ 65,000
Marion, Florida 1 $ 55,000 $ 55,000 $ 46,000
Franklin, Illinois 1 $ 25,000 $ 25,000 $ 14,000
Lake, Illinois 1 $ 150,000 $ 150,000 $ 109,000
St. Clair, Illinois 1 $ 5,000 $ 5,000 $ 58,000
Union, Illinois 1 $ 25,000 $ 25,000 $ 80,000
Will, Illinois 1 $ 15,000 $ 15,000 $ 101,000
Winnebago, Illinois 1 $ 20,000 $ 20,000 $ 65,000
Black Hawk, Iowa 1 $ 30,000 $ 30,000 $ 14,000
Clinton, Iowa 1 $ 25,000 $ 25,000 $ 22,000
Bourbon, Kentucky 1 $ 130,000 $ 130,000 $ 60,000
Hampden, Massachusetts 1 $ 40,000 $ 40,000 $ 29,000
Plymouth, Massachusetts 1 $ 40,000 $ 40,000 $ 132,000
Suffolk, Massachusetts 1 $ 25,000 $ 25,000 $ 63,000
Worcester, Massachusetts 1 $ 10,000 $ 10,000 $ 75,000
Cass, Minnesota 1 $ 5,000 $ 5,000 $ 19,000
Ray, Missouri 1 $ 50,000 $ 50,000 $ 21,000
St. Charles, Missouri 1 $ 62,000 $ 62,000 $ 0
Hudson, New Jersey 1 $ 35,000 $ 35,000 $ 36,000
Passaic, New Jersey 1 $ 75,000 $ 75,000 $ 97,000
Carteret, North Carolina 1 $ 20,000 $ 20,000 $ 69,000
Haywood, North Carolina 1 $ 65,000 $ 65,000 $ 68,000
Iredell, North Carolina 1 $ 26,000 $ 26,000 $ 75,000
Johnston, North Carolina 1 $ 25,000 $ 25,000 $ 51,000
Pitt, North Carolina 1 $ 20,000 $ 20,000 $ 43,000
Stanly, North Carolina 1 $ 50,000 $ 50,000 $ 18,000
Wake, North Carolina 1 $ 25,000 $ 25,000 $ 107,000
Auglaize, Ohio 1 $ 152,000 $ 152,000 $ 387,000
Hancock, Ohio 1 $ 146,000 $ 146,000 $ 80,000
Harrison, Ohio 1 $ 129,000 $ 129,000 $ 83,000
Mercer, Ohio 1 $ 185,000 $ 185,000 $ 358,000
Noble, Ohio 1 $ 132,000 $ 132,000 $ 72,000
Sandusky, Ohio 1 $ 172,000 $ 172,000 $ 138,000
Seneca, Ohio 1 $ 68,000 $ 68,000 $ 40,000
Van Wert, Ohio 1 $ 56,000 $ 56,000 $ 49,000
Douglas, Oregon 1 $ 60,000 $ 60,000 $ 49,000
Multnomah, Oregon 1 $ 24,000 $ 24,000 $ 38,000
Polk, Oregon 1 $ 100,000 $ 100,000 $ 163,000
Allegheny, Pennsylvania 1 $ 15,000 $ 15,000 $ 74,000
Bucks, Pennsylvania 1 $ 15,000 $ 15,000 $ 54,000
Chester, Pennsylvania 1 $ 13,000 $ 13,000 $ 128,000
Columbia, Pennsylvania 1 $ 15,000 $ 15,000 $ 26,000
Cumberland, Pennsylvania 1 $ 110,000 $ 110,000 $ 153,000
Erie, Pennsylvania 1 $ 5,000 $ 5,000 $ 36,000
Indiana, Pennsylvania 1 $ 10,000 $ 10,000 $ 26,000
Lancaster, Pennsylvania 1 $ 50,000 $ 50,000 $ 133,000
Philadelphia, Pennsylvania 1 $ 5,000 $ 5,000 $ 40,000
Davidson, Tennessee 1 $ 20,000 $ 20,000 $ 36,000
Hawkins, Tennessee 1 $ 10,000 $ 10,000 $ 8,000
Knox, Tennessee 1 $ 48,000 $ 48,000 $ 138,000
Shelby, Tennessee 1 $ 30,000 $ 30,000 $ 109,000
Williamson, Tennessee 1 $ 35,000 $ 35,000 $ 125,000
Henry, Virginia 1 $ 65,000 $ 65,000 $ 58,000
Manassas, Virginia 1 $ 20,000 $ 20,000 $ 78,000
King, Washington 1 $ 30,000 $ 30,000 $ 0
Pacific, Washington 1 $ 8,000 $ 8,000 $ 221,000
Snohomish, Washington 1 $ 68,000 $ 68,000 $ 173,000
Calumet, Wisconsin 1 $ 70,000 $ 70,000 $ 40,000
Jackson, Wisconsin 1 $ 15,000 $ 15,000 $ 39,000

Mortgage Loan Application Detail Totals for Third Federal Savings and Loan in 2009

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 15,070 $2,609,117,000 $173,000 $1,480,000 $108,000 $7,316,000
Home Purchase 14,267 $2,407,179,000 $168,000 $1,520,000 $89,000 $4,160,000
Home Improvement 505 $39,656,000 $78,000 $941,000 $88,000 $943,000

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 24,106 $4,060,342,000 $168,000 $1,480,000 $99,000 $7,316,000
Not Provided 2,704 $506,576,000 $187,000 $800,000 $112,000 $1,221,000
Asian 1,129 $236,858,000 $209,000 $1,520,000 $112,000 $1,789,000
Black or African American 990 $107,445,000 $108,000 $625,000 $60,000 $440,000
Hispanic 792 $124,646,000 $157,000 $1,230,000 $88,000 $1,285,000
American Indian or Alaskan Native 88 $13,545,000 $153,000 $417,000 $92,000 $507,000
Native Hawaiian or Other Pacific Islander 33 $6,540,000 $198,000 $450,000 $90,000 $228,000
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) 29,842 $5,055,952,000 $169,000 $1,520,000 $99,000 $7,316,000
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 15,164 $2,591,628,000 $170,000 $1,360,000 $108,000 $7,316,000
Preapproval Approved but not Accepted 4,628 $840,158,000 $181,000 $1,520,000 $94,000 $3,829,000
Preapproval Denied by Financial Institution 3,894 $550,155,000 $141,000 $1,000,000 $71,000 $4,160,000
Application Denied By Financial Institution 3,569 $610,651,000 $171,000 $1,230,000 $91,000 $3,320,000
Application Withdrawn By Applicant 1,201 $217,476,000 $181,000 $941,000 $101,000 $1,135,000
Application Approved But Not Accepted 1,122 $198,281,000 $176,000 $1,000,000 $115,000 $1,138,000
File Closed For Incompleteness 264 $47,603,000 $180,000 $1,480,000 $112,000 $4,562,000
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 4,102 $560,250,000 $136,000 $1,230,000 $76,000 $4,160,000
Debt-To-Income Ratio 1,499 $264,217,000 $176,000 $1,000,000 $57,000 $640,000
Collateral 1,213 $228,987,000 $188,000 $985,000 $110,000 $1,030,000
Other 256 $34,964,000 $136,000 $625,000 $124,000 $1,221,000
Unverifiable Information 170 $33,963,000 $199,000 $683,000 $119,000 $1,124,000
Mortgage Insurance Denied 104 $20,433,000 $196,000 $417,000 $96,000 $397,000
Insufficient Cash (Downpayment, Closing Cost) 81 $11,729,000 $144,000 $384,000 $72,000 $234,000
Employment History 32 $5,247,000 $163,000 $408,000 $49,000 $218,000
Credit Application Incomplete 6 $1,016,000 $169,000 $480,000 $96,000 $278,000

Our comprehensive HMDA mortgage statistics provide invaluable insights into Third Federal Savings and Loan's 2009 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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