Union Federal C/O Sky Bank Mortgage Lending & HMDA Data, 2006
In 2006, Union Federal C/O Sky Bank of Bowling Green, OH reported 7,025 mortgage applications totaling $807.6 million, down 90% from 2005. The average application was for $114,965, and applicants reported an average income of $73,043. 38% of its applications resulted in an originated loan and 23% were denied. Its largest markets were Indianapolis-Carmel, IN (1,434), Atlanta-Sandy Springs-Marietta, GA (294) and Phoenix-Mesa-Scottsdale, AZ (242) (applications in parentheses).
| Mortgage Company & Address | Union Federal C/O Sky Bank 137 Clough St Bowling Green, OH 43402 |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 7,025 |
| Total Mortgage Loan Application Amount | $807,633,000 |
| Average Mortgage Loan Application Amount | $114,965 |
| Highest Mortgage Loan Application Amount | $1,900,000 |
| Average Applicant Income | $73,043 |
| Highest Applicant Income | $1,800,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Union Federal C/O Sky Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Union Federal C/O Sky Bank in 2006
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 | 3,375 | $448,496,000 | $132,000 | $1,500,000 | $70,000 | $1,800,000 |
| Refinancing | 2,346 | $295,449,000 | $125,000 | $1,900,000 | $73,000 | $1,236,000 |
| Home Improvement | 1,304 | $63,688,000 | $48,000 | $1,800,000 | $81,000 | $1,324,000 |
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 | 3,863 | $460,450,000 | $119,000 | $1,845,000 | $74,000 | $1,800,000 |
| Not Provided | 1,226 | $93,749,000 | $76,000 | $1,900,000 | $73,000 | $1,324,000 |
| Black or African American | 736 | $78,526,000 | $106,000 | $1,625,000 | $76,000 | $1,236,000 |
| Hispanic | 541 | $71,619,000 | $132,000 | $906,000 | $52,000 | $538,000 |
| Not applicable | 514 | $80,684,000 | $156,000 | $1,075,000 | $84,000 | $566,000 |
| Asian | 110 | $18,444,000 | $167,000 | $1,000,000 | $81,000 | $360,000 |
| American Indian or Alaskan Native | 20 | $2,099,000 | $104,000 | $368,000 | $67,000 | $312,000 |
| Native Hawaiian or Other Pacific Islander | 15 | $2,062,000 | $137,000 | $564,000 | $101,000 | $302,000 |
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) | 5,971 | $679,102,000 | $113,000 | $1,900,000 | $79,000 | $1,800,000 |
| FHA-insured (Federal Housing Administration) | 868 | $102,556,000 | $118,000 | $318,000 | $39,000 | $182,000 |
| VA-guaranteed (Veterans Administration) | 186 | $25,975,000 | $139,000 | $360,000 | $38,000 | $125,000 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 2,652 | $263,861,000 | $99,000 | $1,500,000 | $77,000 | $1,324,000 |
| Application Denied By Financial Institution | 1,596 | $174,327,000 | $109,000 | $1,900,000 | $73,000 | $1,236,000 |
| Application Approved But Not Accepted | 1,355 | $177,991,000 | $131,000 | $1,235,000 | $75,000 | $1,800,000 |
| Application Withdrawn By Applicant | 837 | $101,619,000 | $121,000 | $1,000,000 | $53,000 | $1,200,000 |
| Loan Purchased By The Institution | 519 | $81,639,000 | $157,000 | $1,075,000 | $84,000 | $566,000 |
| File Closed For Incompleteness | 45 | $5,475,000 | $121,000 | $324,000 | $46,000 | $260,000 |
| Preapproval Denied by Financial Institution | 21 | $2,721,000 | $129,000 | $190,000 | $37,000 | $150,000 |
| Preapproval 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 | 589 | $52,631,000 | $89,000 | $1,800,000 | $59,000 | $780,000 |
| Debt-To-Income Ratio | 364 | $32,971,000 | $90,000 | $650,000 | $54,000 | $420,000 |
| Other | 343 | $48,941,000 | $142,000 | $1,900,000 | $84,000 | $750,000 |
| Collateral | 204 | $24,390,000 | $119,000 | $1,000,000 | $107,000 | $550,000 |
| Unverifiable Information | 72 | $11,702,000 | $162,000 | $1,625,000 | $132,000 | $1,236,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 24 | $3,207,000 | $133,000 | $636,000 | $87,000 | $1,147,000 |
| Employment History | 21 | $3,206,000 | $152,000 | $900,000 | $60,000 | $404,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Union Federal C/O Sky Bank's 2006 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 Union Federal C/O Sky Bank'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 Ohio, download the full spreadsheet
with aggregated HMDA statistics today.
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