Union Federal Savings & Loan Mortgage Lending & HMDA Data, 2005
In 2005, Union Federal Savings & Loan of Kewanee, IL reported 164 mortgage applications totaling $20.9 million, down 1% from 2004. The average application was for $127,274, and applicants reported an average income of $59,652. 87% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Madison, WI (46), Davenport-Moline-Rock Island, IA-IL (8) and Peoria, IL (2) (applications in parentheses).
| Mortgage Company & Address | Union Federal Savings & Loan 104 N. Tremont St Kewanee, IL 61443 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 | 164 |
| Total Mortgage Loan Application Amount | $20,873,000 |
| Average Mortgage Loan Application Amount | $127,274 |
| Highest Mortgage Loan Application Amount | $1,400,000 |
| Average Applicant Income | $59,652 |
| Highest Applicant Income | $274,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Union Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Henry, Illinois | 79 | $ 3,344,000 | $ 42,329 | $ 53,000 |
| Dane, Wisconsin | 43 | $ 11,976,000 | $ 278,511 | $ 40,000 |
| Rock Island, Illinois | 14 | $ 985,000 | $ 70,357 | $ 51,000 |
| Scott, Iowa | 8 | $ 1,202,000 | $ 150,250 | $ 112,000 |
| Bureau, Illinois | 4 | $ 114,000 | $ 28,500 | $ 63,000 |
| Columbia, Wisconsin | 3 | $ 813,000 | $ 271,000 | $ 136,000 |
| Mercer, Illinois | 2 | $ 298,000 | $ 149,000 | $ 65,000 |
| Stark, Illinois | 2 | $ 59,000 | $ 29,500 | $ 71,000 |
| Knox, Illinois | 1 | $ 100,000 | $ 100,000 | $ 80,000 |
| Clinton, Iowa | 1 | $ 53,000 | $ 53,000 | $ 15,000 |
| Green, Wisconsin | 1 | $ 192,000 | $ 192,000 | $ 0 |
| Jefferson, Wisconsin | 1 | $ 106,000 | $ 106,000 | $ 0 |
| Monroe, Wisconsin | 1 | $ 640,000 | $ 640,000 | $ 0 |
| Sauk, Wisconsin | 1 | $ 250,000 | $ 250,000 | $ 0 |
| Vernon, Wisconsin | 1 | $ 76,000 | $ 76,000 | $ 0 |
| Waukesha, Wisconsin | 1 | $ 525,000 | $ 525,000 | $ 168,000 |
Mortgage Loan Application Detail Totals for Union Federal Savings & Loan 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 | 77 | $10,179,000 | $152,000 | $640,000 | $72,250 | $241,000 |
| Refinancing | 67 | $9,865,000 | $169,333 | $1,400,000 | $81,000 | $274,000 |
| Home Improvement | 20 | $829,000 | $47,000 | $220,000 | $39,500 | $88,000 |
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 | 124 | $11,079,000 | $143,000 | $525,000 | $91,750 | $274,000 |
| Not applicable | 29 | $8,926,000 | $307,000 | $1,400,000 | $0 | $0 |
| Hispanic | 8 | $303,000 | $37,000 | $76,000 | $54,000 | $80,000 |
| Not Provided | 2 | $496,000 | $248,000 | $250,000 | $0 | $0 |
| Black or African American | 1 | $69,000 | $69,000 | $69,000 | $35,000 | $35,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 164 | $20,873,000 | $151,750 | $1,400,000 | $73,250 | $274,000 |
| 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 | 142 | $19,261,000 | $147,333 | $1,400,000 | $58,666 | $274,000 |
| Application Denied By Financial Institution | 11 | $659,000 | $59,000 | $162,000 | $46,000 | $93,000 |
| Application Approved But Not Accepted | 5 | $536,000 | $185,000 | $315,000 | $104,500 | $157,000 |
| Application Withdrawn By Applicant | 3 | $117,000 | $39,000 | $78,000 | $27,000 | $42,000 |
| File Closed For Incompleteness | 2 | $160,000 | $80,000 | $100,000 | $94,000 | $116,000 |
| Preapproval Approved but not Accepted | 1 | $140,000 | $140,000 | $140,000 | $101,000 | $101,000 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 9 | $548,000 | $60,000 | $162,000 | $49,000 | $93,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $111,000 | $55,000 | $82,000 | $35,000 | $45,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 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 Union Federal Savings & Loan'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 Savings & 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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