Union Federal C/O Sky Bank Mortgage Lending & HMDA Data, 2005
In 2005, Union Federal C/O Sky Bank of Bowling Green, OH reported 73,905 mortgage applications totaling $10.6 billion, up 13% from 2004. The average application was for $143,304, and applicants reported an average income of $57,560. 61% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Indianapolis, IN (3,840), Phoenix-Mesa-Scottsdale, AZ (3,766) and Chicago-Naperville-Joliet, IL (1,486) (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 | 73,905 |
| Total Mortgage Loan Application Amount | $10,590,892,000 |
| Average Mortgage Loan Application Amount | $143,304 |
| Highest Mortgage Loan Application Amount | $2,500,000 |
| Average Applicant Income | $57,560 |
| Highest Applicant Income | $9,740,000 |
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records Union Federal C/O Sky Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2005
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 | 48,601 | $6,590,024,000 | $132,230 | $2,500,000 | $64,442 | $5,010,000 |
| Refinancing | 22,363 | $3,811,661,000 | $155,865 | $2,210,000 | $43,846 | $9,740,000 |
| Home Improvement | 2,941 | $189,207,000 | $90,181 | $1,925,000 | $71,522 | $5,480,000 |
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 | 47,110 | $6,720,362,000 | $141,326 | $2,500,000 | $58,634 | $3,158,000 |
| Hispanic | 7,577 | $1,088,587,000 | $137,021 | $1,625,000 | $50,106 | $1,200,000 |
| Not applicable | 7,047 | $1,109,859,000 | $146,254 | $1,820,000 | $61,764 | $5,010,000 |
| Black or African American | 5,508 | $714,768,000 | $132,822 | $2,000,000 | $45,711 | $5,480,000 |
| Not Provided | 4,583 | $591,584,000 | $132,020 | $2,210,000 | $50,708 | $9,740,000 |
| Asian | 1,653 | $291,281,000 | $153,512 | $1,703,000 | $65,333 | $1,158,000 |
| Native Hawaiian or Other Pacific Islander | 216 | $42,522,000 | $166,074 | $1,000,000 | $62,185 | $380,000 |
| American Indian or Alaskan Native | 211 | $31,929,000 | $139,454 | $1,100,000 | $56,939 | $748,000 |
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) | 56,040 | $8,402,397,000 | $139,846 | $2,500,000 | $64,846 | $9,740,000 |
| FHA-insured (Federal Housing Administration) | 14,132 | $1,657,094,000 | $126,687 | $436,000 | $30,291 | $5,010,000 |
| VA-guaranteed (Veterans Administration) | 3,727 | $530,892,000 | $140,540 | $367,000 | $26,540 | $829,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 6 | $509,000 | $89,500 | $119,000 | $32,500 | $83,000 |
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 | 45,190 | $6,566,140,000 | $140,176 | $2,000,000 | $60,196 | $9,740,000 |
| Application Denied By Financial Institution | 7,870 | $957,678,000 | $126,653 | $2,000,000 | $47,442 | $3,000,000 |
| Application Approved But Not Accepted | 7,178 | $1,109,965,000 | $142,058 | $2,210,000 | $54,235 | $3,158,000 |
| Loan Purchased By The Institution | 7,113 | $1,112,286,000 | $140,897 | $1,820,000 | $61,714 | $5,010,000 |
| Application Withdrawn By Applicant | 5,920 | $764,697,000 | $141,920 | $2,500,000 | $45,140 | $1,001,000 |
| File Closed For Incompleteness | 341 | $40,986,000 | $137,533 | $729,000 | $48,000 | $600,000 |
| Preapproval Denied by Financial Institution | 293 | $39,140,000 | $133,000 | $900,000 | $40,000 | $282,000 |
| 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 | 3,840 | $389,111,000 | $114,416 | $1,690,000 | $41,000 | $3,000,000 |
| Other | 1,723 | $252,614,000 | $136,395 | $2,000,000 | $54,041 | $813,000 |
| Debt-To-Income Ratio | 1,047 | $141,113,000 | $123,674 | $803,000 | $40,744 | $587,000 |
| Collateral | 857 | $119,048,000 | $145,829 | $1,645,000 | $53,191 | $816,000 |
| Unverifiable Information | 362 | $54,692,000 | $157,147 | $928,000 | $63,941 | $524,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 185 | $22,678,000 | $125,888 | $863,000 | $45,555 | $480,000 |
| Employment History | 149 | $17,562,000 | $111,964 | $400,000 | $32,535 | $300,000 |
| 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 2005 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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