Wallkill Valley Federal S&L A. Mortgage Lending & HMDA Data, 2006
In 2006, Wallkill Valley Federal S&L A. of Wallkill, NY reported 92 mortgage applications totaling $13.9 million, down 12% from 2005. The average application was for $150,750, and applicants reported an average income of $79,826. 95% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Kingston, NY (56) and Poughkeepsie-Newburgh-Middletown, NY (35).
| 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 | $13,869,000 |
| Average Mortgage Loan Application Amount | $150,750 |
| Highest Mortgage Loan Application Amount | $353,000 |
| Average Applicant Income | $79,826 |
| Highest Applicant Income | $263,000 |
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records Wallkill Valley Federal S&L A. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 56 | $ 7,828,000 | $ 139,785 | $ 69,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 35 | $ 5,991,000 | $ 171,171 | $ 97,000 |
Mortgage Loan Application Detail Totals for Wallkill Valley Federal S&L A. in 2006
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 | 72 | $10,596,000 | $147,000 | $353,000 | $79,000 | $263,000 |
| Home Purchase | 12 | $2,831,000 | $235,000 | $350,000 | $98,000 | $195,000 |
| Home Improvement | 8 | $442,000 | $55,000 | $150,000 | $60,000 | $89,000 |
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 | 87 | $12,566,000 | $144,000 | $350,000 | $80,000 | $263,000 |
| Hispanic | 3 | $943,000 | $314,000 | $353,000 | $86,000 | $113,000 |
| American Indian or Alaskan Native | 1 | $180,000 | $180,000 | $180,000 | $5,000 | $5,000 |
| Asian | 1 | $180,000 | $180,000 | $180,000 | $146,000 | $146,000 |
| Black or African American | 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 |
| 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 | $13,869,000 | $150,000 | $353,000 | $80,000 | $263,000 |
| 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 | 87 | $13,054,000 | $150,000 | $353,000 | $80,000 | $263,000 |
| Application Withdrawn By Applicant | 3 | $265,000 | $88,000 | $120,000 | $67,000 | $89,000 |
| Application Denied By Financial Institution | 2 | $550,000 | $275,000 | $350,000 | $69,000 | $111,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 1 | $350,000 | $350,000 | $350,000 | $28,000 | $28,000 |
| Collateral | 1 | $200,000 | $200,000 | $200,000 | $111,000 | $111,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 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 |
| Other | 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 2006 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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