W/E Mortgage Services, Inc. Mortgage Lending & HMDA Data, 2006
In 2006, W/E Mortgage Services, Inc. of Dayton, OH reported 6 mortgage applications totaling $581,000. The average application was for $96,833, and applicants reported an average income of $64,500. 0% of its applications resulted in an originated loan and 67% were denied. Its largest markets were Cleveland-Elyria-Mentor, OH (2), Dayton, OH (2) and Cincinnati-Middletown, OH-KY-IN (1) (applications in parentheses).
| Mortgage Company & Address | W/E Mortgage Services, Inc. 8340 Yankee Street Dayton, OH 45458 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 |
| Total Number of Mortgage Applications | 6 |
| Total Mortgage Loan Application Amount | $581,000 |
| Average Mortgage Loan Application Amount | $96,833 |
| Highest Mortgage Loan Application Amount | $169,000 |
| Average Applicant Income | $64,500 |
| Highest Applicant Income | $128,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records W/E Mortgage Services, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Cleveland-Elyria-Mentor, OH | 2 | $ 145,000 | $ 72,500 | $ 49,000 |
| Dayton, OH | 2 | $ 165,000 | $ 82,500 | $ 63,000 |
| Cincinnati-Middletown, OH-KY-IN | 1 | $ 169,000 | $ 169,000 | $ 128,000 |
Mortgage Loan Application Detail Totals for W/E Mortgage Services, 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 | 3 | $267,000 | $89,000 | $102,000 | $54,000 | $99,000 |
| Refinancing | 3 | $314,000 | $104,000 | $169,000 | $75,000 | $128,000 |
| 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 | 6 | $581,000 | $96,000 | $169,000 | $64,000 | $128,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
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) | 3 | $214,000 | $71,000 | $116,000 | $65,000 | $99,000 |
| FHA-insured (Federal Housing Administration) | 3 | $367,000 | $122,000 | $169,000 | $64,000 | $128,000 |
| 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 | 4 | $416,000 | $104,000 | $169,000 | $65,000 | $128,000 |
| Application Withdrawn By Applicant | 2 | $165,000 | $82,000 | $96,000 | $63,000 | $99,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 2 | $145,000 | $72,000 | $116,000 | $49,000 | $51,000 |
| Credit History | 1 | $169,000 | $169,000 | $169,000 | $128,000 | $128,000 |
| Unverifiable Information | 1 | $102,000 | $102,000 | $102,000 | $37,000 | $37,000 |
| 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 W/E Mortgage Services, 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 Services, 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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