W/E Mortgage, Inc. Mortgage Lending & HMDA Data, 2006
In 2006, W/E Mortgage, Inc. of Cincinnati, OH reported 8 mortgage applications totaling $883,000, up 100% from 2005. The average application was for $110,375, and applicants reported an average income of $51,375. 0% of its applications resulted in an originated loan and 62% were denied. Its largest markets were Cincinnati-Middletown, OH-KY-IN (7) and Columbus, OH (1).
| Mortgage Company & Address | W/E Mortgage, Inc. 11176 N Main Street Cincinnati, OH 45241 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 8 |
| Total Mortgage Loan Application Amount | $883,000 |
| Average Mortgage Loan Application Amount | $110,375 |
| Highest Mortgage Loan Application Amount | $166,000 |
| Average Applicant Income | $51,375 |
| Highest Applicant Income | $84,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records W/E Mortgage, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 W/E Mortgage, Inc. 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 | 5 | $460,000 | $92,000 | $138,000 | $51,000 | $84,000 |
| Refinancing | 3 | $423,000 | $141,000 | $166,000 | $52,000 | $72,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 4 | $449,000 | $112,000 | $166,000 | $54,000 | $84,000 |
| Black or African American | 3 | $343,000 | $114,000 | $138,000 | $53,000 | $77,000 |
| Hispanic | 1 | $91,000 | $91,000 | $91,000 | $39,000 | $39,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 6 | $728,000 | $121,000 | $166,000 | $59,000 | $84,000 |
| FHA-insured (Federal Housing Administration) | 2 | $155,000 | $77,000 | $81,000 | $29,000 | $31,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 5 | $560,000 | $112,000 | $138,000 | $45,000 | $77,000 |
| Application Withdrawn By Applicant | 2 | $157,000 | $78,000 | $81,000 | $57,000 | $84,000 |
| File Closed For Incompleteness | 1 | $166,000 | $166,000 | $166,000 | $72,000 | $72,000 |
| Loan Originated | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application 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 | 2 | $271,000 | $135,000 | $138,000 | $55,000 | $77,000 |
| Employment History | 2 | $165,000 | $82,000 | $91,000 | $33,000 | $39,000 |
| Other | 1 | $124,000 | $124,000 | $124,000 | $51,000 | $51,000 |
| Unverifiable Information | 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 |
| Debt-To-Income Ratio | 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 W/E Mortgage, Inc.'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 W/E Mortgage, Inc.'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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