Walden Federal Savings & Loan Mortgage Lending & HMDA Data, 2010
In 2010, Walden Federal Savings & Loan of Walden, NY reported 263 mortgage applications totaling $53.6 million, down 11% from 2009. The average application was for $203,874, and applicants reported an average income of $119,581. 79% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Poughkeepsie-Newburgh-Middletown, NY (203), Kingston, NY (26) and New York-White Plains-Wayne, NY-NJ (10) (applications in parentheses).
| Mortgage Company & Address | Walden Federal Savings & Loan 12 Main Street Walden, NY 12586 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 | 263 |
| Total Mortgage Loan Application Amount | $53,619,000 |
| Average Mortgage Loan Application Amount | $203,874 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $119,581 |
| Highest Applicant Income | $1,447,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Walden Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Orange, New York | 200 | $ 40,571,000 | $ 202,855 | $ 115,000 |
| Ulster, New York | 26 | $ 5,344,000 | $ 205,538 | $ 142,000 |
| Sullivan, New York | 18 | $ 2,740,000 | $ 152,222 | $ 102,000 |
| Rockland, New York | 5 | $ 942,000 | $ 188,400 | $ 101,000 |
| Dutchess, New York | 3 | $ 660,000 | $ 220,000 | $ 117,000 |
| Westchester, New York | 3 | $ 1,214,000 | $ 404,666 | $ 314,000 |
| Suffolk, New York | 2 | $ 709,000 | $ 354,500 | $ 182,000 |
| Bergen, New Jersey | 1 | $ 328,000 | $ 328,000 | $ 99,000 |
| Ocean, New Jersey | 1 | $ 340,000 | $ 340,000 | $ 270,000 |
| Albany, New York | 1 | $ 134,000 | $ 134,000 | $ 116,000 |
| Delaware, New York | 1 | $ 210,000 | $ 210,000 | $ 71,000 |
| Greene, New York | 1 | $ 169,000 | $ 169,000 | $ 128,000 |
| Queens, New York | 1 | $ 258,000 | $ 258,000 | $ 62,000 |
Mortgage Loan Application Detail Totals for Walden Federal Savings & Loan in 2010
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 | 186 | $37,943,000 | $203,000 | $950,000 | $121,000 | $1,198,000 |
| Home Purchase | 65 | $15,224,000 | $234,000 | $1,000,000 | $116,000 | $1,447,000 |
| Home Improvement | 12 | $452,000 | $37,000 | $85,000 | $117,000 | $317,000 |
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 | 213 | $42,811,000 | $200,000 | $1,000,000 | $115,000 | $1,198,000 |
| Not Provided | 30 | $6,648,000 | $221,000 | $628,000 | $162,000 | $1,447,000 |
| Hispanic | 11 | $2,397,000 | $217,000 | $366,000 | $119,000 | $180,000 |
| Asian | 6 | $1,191,000 | $198,000 | $484,000 | $86,000 | $224,000 |
| Black or African American | 3 | $572,000 | $190,000 | $322,000 | $67,000 | $101,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 260 | $53,009,000 | $203,000 | $1,000,000 | $120,000 | $1,447,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $334,000 | $167,000 | $173,000 | $67,000 | $81,000 |
| FHA-insured (Federal Housing Administration) | 1 | $276,000 | $276,000 | $276,000 | $75,000 | $75,000 |
| 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 | 208 | $42,301,000 | $203,000 | $1,000,000 | $124,000 | $1,447,000 |
| Application Withdrawn By Applicant | 32 | $6,691,000 | $209,000 | $484,000 | $116,000 | $597,000 |
| Application Denied By Financial Institution | 20 | $3,926,000 | $196,000 | $417,000 | $81,000 | $184,000 |
| File Closed For Incompleteness | 3 | $701,000 | $233,000 | $366,000 | $113,000 | $156,000 |
| Application Approved But Not Accepted | 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 |
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 |
|---|---|---|---|---|---|---|
| Collateral | 9 | $2,070,000 | $230,000 | $417,000 | $101,000 | $184,000 |
| Debt-To-Income Ratio | 4 | $696,000 | $174,000 | $276,000 | $72,000 | $150,000 |
| Credit History | 3 | $470,000 | $156,000 | $200,000 | $65,000 | $93,000 |
| Other | 2 | $327,000 | $163,000 | $172,000 | $61,000 | $66,000 |
| Employment History | 1 | $190,000 | $190,000 | $190,000 | $54,000 | $54,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $173,000 | $173,000 | $173,000 | $54,000 | $54,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Walden Federal Savings & Loan's 2010 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 Walden 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.
For a list of all lenders in New York, download the full spreadsheet
with aggregated HMDA statistics today.
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