Union Federal Savings & Loan Mortgage Lending & HMDA Data, 2006
In 2006, Union Federal Savings & Loan of Kewanee, IL reported 193 mortgage applications totaling $18.9 million, up 18% from 2005. The average application was for $97,870, and applicants reported an average income of $46,305. 88% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Davenport-Moline-Rock Island, IA-IL (119), Madison, WI (54) and Peoria, IL (3) (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 | 193 |
| Total Mortgage Loan Application Amount | $18,889,000 |
| Average Mortgage Loan Application Amount | $97,870 |
| Highest Mortgage Loan Application Amount | $610,000 |
| Average Applicant Income | $46,305 |
| Highest Applicant Income | $225,000 |
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records Union Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 95 | $ 4,146,000 | $ 43,642 | $ 45,000 |
| Dane, Wisconsin | 54 | $ 11,119,000 | $ 205,907 | $ 35,000 |
| Rock Island, Illinois | 18 | $ 1,183,000 | $ 65,722 | $ 70,000 |
| Bureau, Illinois | 4 | $ 151,000 | $ 37,750 | $ 45,000 |
| Mercer, Illinois | 3 | $ 114,000 | $ 38,000 | $ 66,000 |
| Stark, Illinois | 3 | $ 196,000 | $ 65,333 | $ 64,000 |
| Scott, Iowa | 3 | $ 351,000 | $ 117,000 | $ 60,000 |
| DeKalb, Illinois | 2 | $ 223,000 | $ 111,500 | $ 89,000 |
| Knox, Illinois | 2 | $ 125,000 | $ 62,500 | $ 69,000 |
| Lee, Illinois | 2 | $ 110,000 | $ 55,000 | $ 64,000 |
| Jefferson, Wisconsin | 1 | $ 189,000 | $ 189,000 | $ 88,000 |
| Monroe, Wisconsin | 1 | $ 472,000 | $ 472,000 | $ 0 |
| Waukesha, Wisconsin | 1 | $ 284,000 | $ 284,000 | $ 103,000 |
Mortgage Loan Application Detail Totals for Union Federal Savings & Loan 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 | 85 | $10,634,000 | $125,000 | $610,000 | $45,000 | $132,000 |
| Refinancing | 63 | $6,347,000 | $100,000 | $385,000 | $44,000 | $225,000 |
| Home Improvement | 45 | $1,908,000 | $42,000 | $248,000 | $52,000 | $170,000 |
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 | 152 | $10,893,000 | $71,000 | $505,000 | $57,000 | $225,000 |
| Not applicable | 32 | $7,431,000 | $232,000 | $610,000 | $0 | $0 |
| Hispanic | 5 | $193,000 | $38,000 | $72,000 | $32,000 | $52,000 |
| Black or African American | 2 | $257,000 | $128,000 | $224,000 | $38,000 | $54,000 |
| Not Provided | 1 | $46,000 | $46,000 | $46,000 | $54,000 | $54,000 |
| American Indian or Alaskan Native | 1 | $69,000 | $69,000 | $69,000 | $78,000 | $78,000 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 193 | $18,889,000 | $97,000 | $610,000 | $46,000 | $225,000 |
| 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 | 169 | $17,620,000 | $104,000 | $610,000 | $47,000 | $225,000 |
| Application Denied By Financial Institution | 12 | $533,000 | $44,000 | $143,000 | $34,000 | $95,000 |
| Application Approved But Not Accepted | 6 | $295,000 | $49,000 | $82,000 | $46,000 | $73,000 |
| Preapproval Denied by Financial Institution | 3 | $181,000 | $60,000 | $110,000 | $45,000 | $63,000 |
| Preapproval Approved but not Accepted | 1 | $45,000 | $45,000 | $45,000 | $40,000 | $40,000 |
| Application Withdrawn By Applicant | 1 | $200,000 | $200,000 | $200,000 | $88,000 | $88,000 |
| File Closed For Incompleteness | 1 | $15,000 | $15,000 | $15,000 | $72,000 | $72,000 |
| 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 | $278,000 | $30,000 | $104,000 | $30,000 | $48,000 |
| Debt-To-Income Ratio | 5 | $293,000 | $58,000 | $110,000 | $45,000 | $95,000 |
| Unverifiable Information | 1 | $143,000 | $143,000 | $143,000 | $43,000 | $43,000 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Union Federal Savings & Loan'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 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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with aggregated HMDA statistics today.
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