Shore to Shore Cfcu Mortgage Lending & HMDA Data, 2012
In 2012, Shore to Shore Cfcu of Trenton, MI reported 26 mortgage applications totaling $2.5 million, up 8% from 2011. The average application was for $97,038, and applicants reported an average income of $64,846. 23% of its applications resulted in an originated loan and 23% were denied. Its largest markets were Detroit-Livonia-Dearborn, MI (17), Bay City, MI (1) and Monroe, MI (1) (applications in parentheses).
| Mortgage Company & Address | Shore to Shore Cfcu 4550 Division Trenton, MI 48183 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2005 |
| Total Number of Mortgage Applications | 26 |
| Total Mortgage Loan Application Amount | $2,523,000 |
| Average Mortgage Loan Application Amount | $97,038 |
| Highest Mortgage Loan Application Amount | $395,000 |
| Average Applicant Income | $64,846 |
| Highest Applicant Income | $350,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Shore to Shore Cfcu filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Detroit-Livonia-Dearborn, MI | 17 | $ 1,797,000 | $ 105,705 | $ 73,000 |
| Bay City, MI | 1 | $ 23,000 | $ 23,000 | $ 28,000 |
| Monroe, MI | 1 | $ 156,000 | $ 156,000 | $ 59,000 |
| Toledo, OH | 1 | $ 79,000 | $ 79,000 | $ 62,000 |
Mortgage Loan Application Detail Totals for Shore to Shore Cfcu in 2012
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 | $1,795,000 | $119,000 | $395,000 | $75,000 | $350,000 |
| Home Purchase | 11 | $728,000 | $66,000 | $130,000 | $51,000 | $119,000 |
| 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 | 23 | $2,016,000 | $87,000 | $166,000 | $54,000 | $119,000 |
| Not Provided | 2 | $449,000 | $224,000 | $395,000 | $186,000 | $350,000 |
| Black or African American | 1 | $58,000 | $58,000 | $58,000 | $57,000 | $57,000 |
| Hispanic | 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 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 18 | $1,873,000 | $104,000 | $395,000 | $74,000 | $350,000 |
| FHA-insured (Federal Housing Administration) | 6 | $567,000 | $94,000 | $165,000 | $38,000 | $57,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $83,000 | $41,000 | $65,000 | $61,000 | $109,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 6 | $682,000 | $113,000 | $166,000 | $47,000 | $72,000 |
| File Closed For Incompleteness | 6 | $634,000 | $105,000 | $395,000 | $98,000 | $350,000 |
| Loan Originated | 6 | $515,000 | $85,000 | $154,000 | $60,000 | $109,000 |
| Preapproval Denied by Financial Institution | 4 | $287,000 | $71,000 | $130,000 | $58,000 | $109,000 |
| Preapproval Approved but not Accepted | 2 | $181,000 | $90,000 | $116,000 | $31,000 | $48,000 |
| Application Withdrawn By Applicant | 2 | $224,000 | $112,000 | $156,000 | $77,000 | $95,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application 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 |
|---|---|---|---|---|---|---|
| Credit History | 7 | $607,000 | $86,000 | $165,000 | $59,000 | $109,000 |
| Debt-To-Income Ratio | 3 | $362,000 | $120,000 | $166,000 | $35,000 | $49,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Shore to Shore Cfcu's 2012 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 Shore to Shore Cfcu'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 Michigan, download the full spreadsheet
with aggregated HMDA statistics today.
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