Walden Federal Savings & Loan Mortgage Lending & HMDA Data, 2007
In 2007, Walden Federal Savings & Loan of Walden, NY reported 207 mortgage applications totaling $45.2 million, up 12% from 2006. The average application was for $218,449, and applicants reported an average income of $101,159. 74% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Poughkeepsie-Newburgh-Middletown, NY (145), Kingston, NY (26) and Newark-Union, NJ-PA (6) (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 | 207 |
| Total Mortgage Loan Application Amount | $45,219,000 |
| Average Mortgage Loan Application Amount | $218,449 |
| Highest Mortgage Loan Application Amount | $1,190,000 |
| Average Applicant Income | $101,159 |
| Highest Applicant Income | $450,000 |
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records Walden Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 145 | $ 33,210,000 | $ 229,034 | $ 102,000 |
| Kingston, NY | 26 | $ 5,872,000 | $ 225,846 | $ 106,000 |
| Newark-Union, NJ-PA | 6 | $ 1,194,000 | $ 199,000 | $ 96,000 |
| New York-White Plains-Wayne, NY-NJ | 4 | $ 850,000 | $ 212,500 | $ 109,250 |
| Glens Falls, NY | 1 | $ 450,000 | $ 450,000 | $ 185,000 |
| Wilmington, NC | 1 | $ 100,000 | $ 100,000 | $ 120,000 |
Mortgage Loan Application Detail Totals for Walden Federal Savings & Loan in 2007
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 | 127 | $29,556,000 | $232,000 | $1,190,000 | $98,000 | $400,000 |
| Refinancing | 62 | $14,941,000 | $240,000 | $800,000 | $110,000 | $450,000 |
| Home Improvement | 18 | $722,000 | $40,000 | $100,000 | $93,000 | $170,000 |
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 | 159 | $33,262,000 | $209,000 | $800,000 | $101,000 | $450,000 |
| Not Provided | 22 | $6,001,000 | $272,000 | $415,000 | $111,000 | $250,000 |
| Hispanic | 18 | $3,790,000 | $210,000 | $396,000 | $91,000 | $180,000 |
| Black or African American | 5 | $549,000 | $109,000 | $215,000 | $71,000 | $170,000 |
| Asian | 2 | $1,470,000 | $735,000 | $1,190,000 | $236,000 | $400,000 |
| American Indian or Alaskan Native | 1 | $147,000 | $147,000 | $147,000 | $60,000 | $60,000 |
| 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) | 206 | $44,989,000 | $218,000 | $1,190,000 | $101,000 | $450,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $230,000 | $230,000 | $230,000 | $54,000 | $54,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 154 | $33,317,000 | $216,000 | $800,000 | $104,000 | $450,000 |
| Application Denied By Financial Institution | 33 | $8,468,000 | $256,000 | $1,190,000 | $98,000 | $400,000 |
| Application Approved But Not Accepted | 12 | $2,148,000 | $179,000 | $337,000 | $88,000 | $141,000 |
| Application Withdrawn By Applicant | 8 | $1,286,000 | $160,000 | $364,000 | $78,000 | $138,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 9 | $2,524,000 | $280,000 | $580,000 | $115,000 | $200,000 |
| Debt-To-Income Ratio | 8 | $1,434,000 | $179,000 | $220,000 | $51,000 | $70,000 |
| Credit History | 7 | $2,846,000 | $406,000 | $1,190,000 | $144,000 | $400,000 |
| Credit Application Incomplete | 6 | $1,262,000 | $210,000 | $335,000 | $71,000 | $130,000 |
| Other | 3 | $402,000 | $134,000 | $240,000 | $119,000 | $200,000 |
| Unverifiable Information | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Walden Federal Savings & Loan's 2007 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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