Washington Federal S&L Mortgage Lending & HMDA Data, 2010
In 2010, Washington Federal S&L of Seattle, WA reported 5,999 mortgage applications totaling $1.9 billion, down 19% from 2009. The average application was for $317,764, and applicants reported an average income of $132,817. 46% of its applications resulted in an originated loan and 23% were denied. Its largest markets were Seattle-Bellevue-Everett, WA (1,328), Portland-Vancouver-Hillsboro, OR-WA (374) and Phoenix-Mesa-Glendale, AZ (354) (applications in parentheses).
| Mortgage Company & Address | Washington Federal S&L 425 Pike Street Seattle, WA 98101 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 | 5,999 |
| Total Mortgage Loan Application Amount | $1,906,269,000 |
| Average Mortgage Loan Application Amount | $317,764 |
| Highest Mortgage Loan Application Amount | $3,800,000 |
| Average Applicant Income | $132,817 |
| Highest Applicant Income | $6,000,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Washington Federal S&L filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Washington Federal S&L 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 3,991 | $1,255,677,000 | $314,000 | $2,300,000 | $138,000 | $6,000,000 |
| Refinancing | 1,662 | $533,265,000 | $320,000 | $3,800,000 | $122,000 | $2,201,000 |
| Home Improvement | 346 | $117,327,000 | $339,000 | $1,600,000 | $125,000 | $921,000 |
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 | 4,656 | $1,470,536,000 | $315,000 | $2,500,000 | $138,000 | $4,454,000 |
| Not Provided | 437 | $153,445,000 | $351,000 | $1,755,000 | $159,000 | $6,000,000 |
| Asian | 382 | $117,602,000 | $307,000 | $2,600,000 | $129,000 | $2,460,000 |
| Hispanic | 230 | $48,675,000 | $211,000 | $904,000 | $86,000 | $487,000 |
| Not applicable | 176 | $84,713,000 | $481,000 | $3,800,000 | $0 | $0 |
| Black or African American | 58 | $16,019,000 | $276,000 | $750,000 | $145,000 | $1,771,000 |
| American Indian or Alaskan Native | 33 | $6,259,000 | $189,000 | $509,000 | $86,000 | $277,000 |
| Native Hawaiian or Other Pacific Islander | 27 | $9,020,000 | $334,000 | $692,000 | $127,000 | $337,000 |
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) | 5,998 | $1,906,009,000 | $317,000 | $3,800,000 | $133,000 | $6,000,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $260,000 | $260,000 | $260,000 | $62,000 | $62,000 |
| 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 | 2,787 | $830,101,000 | $297,000 | $3,800,000 | $128,000 | $1,637,000 |
| Application Denied By Financial Institution | 1,402 | $490,082,000 | $349,000 | $2,600,000 | $138,000 | $6,000,000 |
| Application Withdrawn By Applicant | 671 | $206,396,000 | $307,000 | $3,400,000 | $140,000 | $3,946,000 |
| File Closed For Incompleteness | 356 | $121,564,000 | $341,000 | $1,709,000 | $138,000 | $3,344,000 |
| Preapproval Approved but not Accepted | 322 | $104,254,000 | $323,000 | $1,300,000 | $123,000 | $1,547,000 |
| Preapproval Denied by Financial Institution | 309 | $101,294,000 | $327,000 | $1,300,000 | $128,000 | $3,508,000 |
| Application Approved But Not Accepted | 152 | $52,578,000 | $345,000 | $1,400,000 | $153,000 | $751,000 |
| Loan Purchased By The 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 | 615 | $241,474,000 | $392,000 | $2,300,000 | $172,000 | $2,460,000 |
| Debt-To-Income Ratio | 532 | $181,199,000 | $340,000 | $2,600,000 | $101,000 | $6,000,000 |
| Credit History | 182 | $41,305,000 | $226,000 | $900,000 | $107,000 | $1,594,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 158 | $53,693,000 | $339,000 | $1,400,000 | $111,000 | $3,508,000 |
| Collateral | 156 | $53,073,000 | $340,000 | $1,250,000 | $185,000 | $4,454,000 |
| Employment History | 38 | $11,319,000 | $297,000 | $939,000 | $105,000 | $432,000 |
| Unverifiable Information | 18 | $4,808,000 | $267,000 | $600,000 | $84,000 | $191,000 |
| Credit Application Incomplete | 9 | $3,454,000 | $383,000 | $750,000 | $153,000 | $600,000 |
| Mortgage Insurance Denied | 3 | $1,051,000 | $350,000 | $500,000 | $77,000 | $116,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Washington Federal S&L'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 Washington Federal S&L'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 Washington, download the full spreadsheet
with aggregated HMDA statistics today.
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