Union Federal C/O Sky Bank Mortgage Lending & HMDA Data, 2004
In 2004, Union Federal C/O Sky Bank of Bowling Green, OH reported 65,261 mortgage applications totaling $9.9 billion, down 16% from 2003. The average application was for $151,520, and applicants reported an average income of $51,856. 63% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Indianapolis, IN (3,717), Phoenix-Mesa-Scottsdale, AZ (2,419) and Houston-Baytown-Sugar Land, TX (1,528) (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 | 65,261 |
| Total Mortgage Loan Application Amount | $9,888,398,000 |
| Average Mortgage Loan Application Amount | $151,520 |
| Highest Mortgage Loan Application Amount | $9,000,000 |
| Average Applicant Income | $51,856 |
| Highest Applicant Income | $9,025,000 |
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records Union Federal C/O Sky Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2004
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 | 33,325 | $4,817,336,000 | $143,269 | $2,865,000 | $57,923 | $5,417,000 |
| Refinancing | 29,187 | $4,897,606,000 | $148,176 | $9,000,000 | $35,490 | $9,025,000 |
| Home Improvement | 2,749 | $173,456,000 | $68,772 | $1,500,000 | $67,340 | $880,000 |
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 | 43,250 | $6,644,381,000 | $149,346 | $9,000,000 | $52,884 | $9,025,000 |
| Hispanic | 6,398 | $951,321,000 | $137,920 | $1,000,000 | $38,560 | $5,417,000 |
| Not applicable | 5,426 | $799,593,000 | $133,509 | $2,000,000 | $31,862 | $2,601,000 |
| Black or African American | 4,585 | $615,393,000 | $144,711 | $1,000,000 | $39,355 | $660,000 |
| Not Provided | 3,636 | $503,129,000 | $131,102 | $1,700,000 | $38,387 | $600,000 |
| Asian | 1,536 | $300,643,000 | $168,292 | $1,485,000 | $56,170 | $480,000 |
| American Indian or Alaskan Native | 245 | $39,231,000 | $148,411 | $1,000,000 | $39,205 | $368,000 |
| Native Hawaiian or Other Pacific Islander | 185 | $34,707,000 | $151,653 | $805,000 | $43,076 | $474,000 |
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) | 45,746 | $7,567,359,000 | $149,980 | $9,000,000 | $58,019 | $9,025,000 |
| FHA-insured (Federal Housing Administration) | 15,191 | $1,780,737,000 | $120,666 | $409,000 | $25,529 | $593,000 |
| VA-guaranteed (Veterans Administration) | 4,320 | $540,028,000 | $121,862 | $321,000 | $15,352 | $240,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 4 | $274,000 | $74,000 | $96,000 | $26,500 | $31,000 |
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 | 41,344 | $6,470,143,000 | $146,117 | $9,000,000 | $49,784 | $9,025,000 |
| Application Withdrawn By Applicant | 6,423 | $910,299,000 | $136,720 | $1,320,000 | $39,200 | $2,400,000 |
| Application Denied By Financial Institution | 5,626 | $711,858,000 | $139,705 | $1,485,000 | $51,941 | $2,250,000 |
| Loan Purchased By The Institution | 5,139 | $731,932,000 | $127,020 | $2,000,000 | $25,041 | $2,601,000 |
| Application Approved But Not Accepted | 4,335 | $742,526,000 | $154,156 | $2,000,000 | $46,313 | $949,000 |
| Preapproval Denied by Financial Institution | 1,452 | $176,940,000 | $121,000 | $640,000 | $45,000 | $308,000 |
| File Closed For Incompleteness | 942 | $144,700,000 | $163,391 | $1,560,000 | $52,326 | $5,417,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 2,978 | $419,915,000 | $155,942 | $1,346,000 | $53,750 | $2,250,000 |
| Credit History | 2,444 | $234,399,000 | $112,306 | $970,000 | $50,632 | $1,752,000 |
| Debt-To-Income Ratio | 831 | $121,184,000 | $130,697 | $600,000 | $41,255 | $378,000 |
| Collateral | 364 | $49,361,000 | $161,300 | $1,485,000 | $60,175 | $450,000 |
| Unverifiable Information | 161 | $24,936,000 | $160,793 | $580,000 | $60,620 | $494,000 |
| Credit Application Incomplete | 122 | $15,212,000 | $122,000 | $397,000 | $24,666 | $196,000 |
| Employment History | 98 | $13,169,000 | $166,518 | $960,000 | $44,481 | $600,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 80 | $10,622,000 | $131,571 | $600,000 | $40,714 | $152,000 |
| 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 2004 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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