Union Federal Savings & Loan Mortgage Lending & HMDA Data, 2009
In 2009, Union Federal Savings & Loan of Kewanee, IL reported 151 mortgage applications totaling $18.2 million, down 11% from 2008. The average application was for $120,291, and applicants reported an average income of $68,695. 87% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Davenport-Moline-Rock Island, IA-IL (73), Madison, WI (64) and La Crosse, WI-MN (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 | 151 |
| Total Mortgage Loan Application Amount | $18,164,000 |
| Average Mortgage Loan Application Amount | $120,291 |
| Highest Mortgage Loan Application Amount | $556,000 |
| Average Applicant Income | $68,695 |
| Highest Applicant Income | $888,000 |
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records Union Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 69 | $ 2,600,000 | $ 37,681 | $ 68,000 |
| Dane, Wisconsin | 62 | $ 13,552,000 | $ 218,580 | $ 76,000 |
| Bureau, Illinois | 6 | $ 350,000 | $ 58,333 | $ 33,000 |
| Rock Island, Illinois | 2 | $ 136,000 | $ 68,000 | $ 74,000 |
| Columbia, Wisconsin | 2 | $ 236,000 | $ 118,000 | $ 54,000 |
| La Crosse, Wisconsin | 2 | $ 436,000 | $ 218,000 | $ 56,000 |
| Mercer, Illinois | 1 | $ 168,000 | $ 168,000 | $ 79,000 |
| Scott, Iowa | 1 | $ 27,000 | $ 27,000 | $ 79,000 |
| Dodge, Wisconsin | 1 | $ 90,000 | $ 90,000 | $ 32,000 |
| Sauk, Wisconsin | 1 | $ 192,000 | $ 192,000 | $ 0 |
Mortgage Loan Application Detail Totals for Union Federal Savings & Loan in 2009
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 |
|---|---|---|---|---|---|---|
| Refinancing | 68 | $9,676,000 | $142,000 | $556,000 | $75,000 | $466,000 |
| Home Purchase | 52 | $6,999,000 | $134,000 | $406,000 | $71,000 | $888,000 |
| Home Improvement | 31 | $1,489,000 | $48,000 | $275,000 | $51,000 | $231,000 |
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 | 121 | $12,634,000 | $104,000 | $538,000 | $80,000 | $888,000 |
| Not applicable | 20 | $4,403,000 | $220,000 | $556,000 | $0 | $0 |
| Hispanic | 6 | $229,000 | $38,000 | $66,000 | $65,000 | $100,000 |
| Asian | 2 | $242,000 | $121,000 | $136,000 | $39,000 | $47,000 |
| Black or African American | 1 | $125,000 | $125,000 | $125,000 | $38,000 | $38,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $531,000 | $531,000 | $531,000 | $165,000 | $165,000 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 151 | $18,164,000 | $120,000 | $556,000 | $69,000 | $888,000 |
| 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 | 132 | $15,020,000 | $113,000 | $556,000 | $72,000 | $888,000 |
| Application Denied By Financial Institution | 11 | $2,265,000 | $205,000 | $440,000 | $47,000 | $155,000 |
| Application Withdrawn By Applicant | 3 | $436,000 | $145,000 | $266,000 | $45,000 | $84,000 |
| Preapproval Denied by Financial Institution | 3 | $257,000 | $85,000 | $165,000 | $50,000 | $72,000 |
| Application Approved But Not Accepted | 1 | $66,000 | $66,000 | $66,000 | $44,000 | $44,000 |
| Preapproval Approved but not Accepted | 1 | $120,000 | $120,000 | $120,000 | $59,000 | $59,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Other | 6 | $1,685,000 | $280,000 | $406,000 | $35,000 | $74,000 |
| Credit History | 4 | $155,000 | $38,000 | $75,000 | $41,000 | $72,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $517,000 | $172,000 | $440,000 | $80,000 | $155,000 |
| Debt-To-Income Ratio | 1 | $165,000 | $165,000 | $165,000 | $56,000 | $56,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Union Federal Savings & Loan's 2009 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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