Wallkill Valley Federal S&L A. Mortgage Lending & HMDA Data, 2005
In 2005, Wallkill Valley Federal S&L A. of Wallkill, NY reported 104 mortgage applications totaling $13.9 million, up 14% from 2004. The average application was for $133,259, and applicants reported an average income of $108,932. 91% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Kingston, NY (61) and Poughkeepsie-Newburgh-Middletown, NY (40).
| 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 | 104 |
| Total Mortgage Loan Application Amount | $13,859,000 |
| Average Mortgage Loan Application Amount | $133,259 |
| Highest Mortgage Loan Application Amount | $804,000 |
| Average Applicant Income | $108,932 |
| Highest Applicant Income | $528,000 |
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records Wallkill Valley Federal S&L A. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Wallkill Valley Federal S&L A. in 2005
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 | 68 | $9,011,000 | $132,000 | $804,000 | $127,000 | $528,000 |
| Home Purchase | 25 | $4,545,000 | $181,000 | $600,000 | $80,000 | $177,000 |
| Home Improvement | 11 | $303,000 | $27,000 | $50,000 | $63,000 | $111,000 |
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 | 99 | $12,651,000 | $127,000 | $804,000 | $84,000 | $528,000 |
| Hispanic | 3 | $713,000 | $237,000 | $328,000 | $124,000 | $177,000 |
| American Indian or Alaskan Native | 1 | $300,000 | $300,000 | $300,000 | $264,000 | $264,000 |
| Asian | 1 | $195,000 | $195,000 | $195,000 | $42,000 | $42,000 |
| 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) | 104 | $13,859,000 | $133,000 | $804,000 | $96,000 | $528,000 |
| 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 | 95 | $11,988,000 | $126,000 | $804,000 | $83,000 | $528,000 |
| Application Denied By Financial Institution | 3 | $733,000 | $244,000 | $328,000 | $84,000 | $177,000 |
| Application Withdrawn By Applicant | 3 | $448,000 | $149,000 | $250,000 | $59,000 | $90,000 |
| File Closed For Incompleteness | 2 | $370,000 | $185,000 | $300,000 | $215,000 | $335,000 |
| Application Approved But Not Accepted | 1 | $320,000 | $320,000 | $320,000 | $131,000 | $131,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 1 | $328,000 | $328,000 | $328,000 | $177,000 | $177,000 |
| Debt-To-Income Ratio | 1 | $220,000 | $220,000 | $220,000 | $36,000 | $36,000 |
| Other | 1 | $185,000 | $185,000 | $185,000 | $39,000 | $39,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 Wallkill Valley Federal S&L A.'s 2005 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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