Walden Federal Savings & Loan Mortgage Lending & HMDA Data, 2004
In 2004, Walden Federal Savings & Loan of Walden, NY reported 161 mortgage applications totaling $28.0 million, down 60% from 2003. The average application was for $174,099, and applicants reported an average income of $88,385. 87% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Poughkeepsie-Newburgh-Middletown, NY (112), Kingston, NY (34) and Albany-Schenectady-Troy, NY (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 | 161 |
| Total Mortgage Loan Application Amount | $28,030,000 |
| Average Mortgage Loan Application Amount | $174,099 |
| Highest Mortgage Loan Application Amount | $700,000 |
| Average Applicant Income | $88,385 |
| Highest Applicant Income | $352,000 |
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records Walden Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Poughkeepsie-Newburgh-Middletown, NY | 112 | $ 19,516,000 | $ 174,250 | $ 83,000 |
| Kingston, NY | 34 | $ 5,869,000 | $ 172,617 | $ 82,000 |
| Albany-Schenectady-Troy, NY | 1 | $ 200,000 | $ 200,000 | $ 136,000 |
| Newark-Union, NJ-PA | 1 | $ 320,000 | $ 320,000 | $ 150,000 |
Mortgage Loan Application Detail Totals for Walden Federal Savings & Loan in 2004
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 | $14,101,000 | $238,000 | $400,000 | $117,500 | $324,000 |
| Home Purchase | 68 | $13,695,000 | $174,000 | $700,000 | $71,000 | $352,000 |
| Home Improvement | 4 | $234,000 | $58,000 | $160,000 | $59,000 | $77,000 |
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 | 135 | $23,721,000 | $213,333 | $700,000 | $97,333 | $352,000 |
| Not Provided | 10 | $1,572,000 | $157,000 | $310,000 | $77,000 | $118,000 |
| Black or African American | 8 | $1,319,000 | $164,000 | $300,000 | $77,000 | $96,000 |
| Hispanic | 7 | $1,269,000 | $181,000 | $295,000 | $77,000 | $88,000 |
| Asian | 1 | $149,000 | $149,000 | $149,000 | $37,000 | $37,000 |
| American Indian or Alaskan Native | 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 |
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) | 161 | $28,030,000 | $212,666 | $700,000 | $95,333 | $352,000 |
| 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 | 140 | $24,056,000 | $171,000 | $700,000 | $89,000 | $352,000 |
| Application Denied By Financial Institution | 13 | $2,355,000 | $181,000 | $369,000 | $83,000 | $175,000 |
| Application Withdrawn By Applicant | 6 | $1,105,000 | $209,666 | $320,000 | $87,666 | $150,000 |
| Application Approved But Not Accepted | 2 | $514,000 | $257,000 | $334,000 | $150,000 | $224,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Credit History | 6 | $853,000 | $142,000 | $369,000 | $78,000 | $120,000 |
| Credit Application Incomplete | 4 | $906,000 | $226,000 | $325,000 | $77,000 | $144,000 |
| Collateral | 2 | $301,000 | $150,000 | $158,000 | $40,000 | $41,000 |
| Debt-To-Income Ratio | 1 | $295,000 | $295,000 | $295,000 | $175,000 | $175,000 |
| 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 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Walden Federal Savings & Loan's 2004 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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