Wallkill Valley Federal S&L A. Mortgage Lending & HMDA Data, 2010
In 2010, Wallkill Valley Federal S&L A. of Wallkill, NY reported 92 mortgage applications totaling $16.5 million, about the same as 2009. The average application was for $178,956, and applicants reported an average income of $88,945. 83% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Kingston, NY (66) and Poughkeepsie-Newburgh-Middletown, NY (26).
| Mortgage Company & Address | Wallkill Valley Federal S&L A. P.O. Box 290 Wallkill, NY 12589 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 92 |
| Total Mortgage Loan Application Amount | $16,464,000 |
| Average Mortgage Loan Application Amount | $178,956 |
| Highest Mortgage Loan Application Amount | $409,000 |
| Average Applicant Income | $88,945 |
| Highest Applicant Income | $450,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Wallkill Valley Federal S&L A. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Kingston, NY | 66 | $ 11,770,000 | $ 178,333 | $ 91,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 26 | $ 4,694,000 | $ 180,538 | $ 82,000 |
Mortgage Loan Application Detail Totals for Wallkill Valley Federal S&L A. 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 | 57 | $9,861,000 | $173,000 | $409,000 | $91,000 | $450,000 |
| Home Purchase | 34 | $6,485,000 | $190,000 | $391,000 | $85,000 | $215,000 |
| Home Improvement | 1 | $118,000 | $118,000 | $118,000 | $106,000 | $106,000 |
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 | 80 | $14,613,000 | $182,000 | $409,000 | $93,000 | $450,000 |
| Not applicable | 6 | $984,000 | $164,000 | $300,000 | $19,000 | $86,000 |
| Hispanic | 3 | $358,000 | $119,000 | $135,000 | $69,000 | $128,000 |
| Black or African American | 2 | $289,000 | $144,000 | $154,000 | $123,000 | $177,000 |
| Asian | 1 | $220,000 | $220,000 | $220,000 | $149,000 | $149,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not 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) | 92 | $16,464,000 | $178,000 | $409,000 | $89,000 | $450,000 |
| 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 | 76 | $12,809,000 | $168,000 | $409,000 | $88,000 | $450,000 |
| Application Withdrawn By Applicant | 7 | $1,503,000 | $214,000 | $393,000 | $87,000 | $141,000 |
| File Closed For Incompleteness | 4 | $1,004,000 | $251,000 | $350,000 | $97,000 | $177,000 |
| Application Denied By Financial Institution | 4 | $918,000 | $229,000 | $298,000 | $102,000 | $142,000 |
| Application Approved But Not Accepted | 1 | $230,000 | $230,000 | $230,000 | $104,000 | $104,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 2 | $588,000 | $294,000 | $298,000 | $93,000 | $108,000 |
| Collateral | 1 | $265,000 | $265,000 | $265,000 | $142,000 | $142,000 |
| Debt-To-Income Ratio | 1 | $65,000 | $65,000 | $65,000 | $81,000 | $81,000 |
| 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 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Wallkill Valley Federal S&L A.'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 Wallkill Valley Federal S&L A.'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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