Walden Federal Savings & Loan Mortgage Lending & HMDA Data, 2008
In 2008, Walden Federal Savings & Loan of Walden, NY reported 173 mortgage applications totaling $41.4 million, down 16% from 2007. The average application was for $239,127, and applicants reported an average income of $109,884. 77% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Poughkeepsie-Newburgh-Middletown, NY (119), Kingston, NY (34) and Newark-Union, NJ-PA (1) (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 | 173 |
| Total Mortgage Loan Application Amount | $41,369,000 |
| Average Mortgage Loan Application Amount | $239,127 |
| Highest Mortgage Loan Application Amount | $930,000 |
| Average Applicant Income | $109,884 |
| Highest Applicant Income | $1,175,000 |
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records Walden Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 116 | $ 28,402,000 | $ 244,844 | $ 116,000 |
| Ulster, New York | 34 | $ 7,739,000 | $ 227,617 | $ 99,000 |
| Sullivan, New York | 10 | $ 1,985,000 | $ 198,500 | $ 76,000 |
| Dutchess, New York | 3 | $ 1,001,000 | $ 333,666 | $ 77,000 |
| Greene, New York | 1 | $ 240,000 | $ 240,000 | $ 455,000 |
| Pike, Pennsylvania | 1 | $ 190,000 | $ 190,000 | $ 45,000 |
Mortgage Loan Application Detail Totals for Walden Federal Savings & Loan in 2008
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 | 89 | $19,398,000 | $217,000 | $523,000 | $106,000 | $526,000 |
| Home Purchase | 84 | $21,971,000 | $261,000 | $930,000 | $114,000 | $1,175,000 |
| 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 | 141 | $33,276,000 | $236,000 | $930,000 | $109,000 | $1,175,000 |
| Not Provided | 16 | $4,270,000 | $266,000 | $865,000 | $135,000 | $549,000 |
| Black or African American | 6 | $1,677,000 | $279,000 | $320,000 | $104,000 | $185,000 |
| Hispanic | 6 | $1,333,000 | $222,000 | $360,000 | $73,000 | $101,000 |
| Asian | 2 | $441,000 | $220,000 | $289,000 | $69,000 | $100,000 |
| American Indian or Alaskan Native | 1 | $172,000 | $172,000 | $172,000 | $74,000 | $74,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $200,000 | $200,000 | $200,000 | $119,000 | $119,000 |
| Not applicable | 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) | 173 | $41,369,000 | $239,000 | $930,000 | $110,000 | $1,175,000 |
| 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 | 133 | $31,676,000 | $238,000 | $930,000 | $111,000 | $1,175,000 |
| Application Approved But Not Accepted | 11 | $3,051,000 | $277,000 | $450,000 | $129,000 | $455,000 |
| Application Denied By Financial Institution | 11 | $2,707,000 | $246,000 | $410,000 | $121,000 | $526,000 |
| Application Withdrawn By Applicant | 10 | $2,123,000 | $212,000 | $333,000 | $91,000 | $172,000 |
| Preapproval Approved but not Accepted | 6 | $1,318,000 | $219,000 | $320,000 | $86,000 | $138,000 |
| Preapproval Denied by Financial Institution | 2 | $494,000 | $247,000 | $300,000 | $45,000 | $60,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 5 | $1,283,000 | $256,000 | $410,000 | $51,000 | $81,000 |
| Credit History | 3 | $679,000 | $226,000 | $360,000 | $215,000 | $526,000 |
| Collateral | 2 | $510,000 | $255,000 | $266,000 | $166,000 | $207,000 |
| Unverifiable Information | 1 | $178,000 | $178,000 | $178,000 | $48,000 | $48,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $258,000 | $258,000 | $258,000 | $84,000 | $84,000 |
| Mortgage Insurance Denied | 1 | $293,000 | $293,000 | $293,000 | $60,000 | $60,000 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Walden Federal Savings & Loan's 2008 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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