Washington Federal S&L Mortgage Lending & HMDA Data, 2005
In 2005, Washington Federal S&L of Seattle, WA reported 7,350 mortgage applications totaling $1.7 billion, down 5% from 2004. The average application was for $235,137, and applicants reported an average income of $74,920. 78% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Seattle-Bellevue-Everett, WA (1,033), Phoenix-Mesa-Scottsdale, AZ (658) and Boise City-Nampa, ID (494) (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 | 7,350 |
| Total Mortgage Loan Application Amount | $1,728,262,000 |
| Average Mortgage Loan Application Amount | $235,137 |
| Highest Mortgage Loan Application Amount | $5,500,000 |
| Average Applicant Income | $74,920 |
| Highest Applicant Income | $3,565,000 |
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(HMDA) records Washington Federal S&L filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Seattle-Bellevue-Everett, WA | 1,033 | $ 321,564,000 | $ 311,291 | $ 78,000 |
| Phoenix-Mesa-Scottsdale, AZ | 658 | $ 153,639,000 | $ 233,493 | $ 66,000 |
| Boise City-Nampa, ID | 494 | $ 95,840,000 | $ 194,008 | $ 85,000 |
| Salt Lake City, UT | 404 | $ 92,779,000 | $ 229,650 | $ 88,000 |
| Portland-Vancouver-Beaverton, OR-WA | 392 | $ 132,035,000 | $ 336,823 | $ 89,000 |
| Tacoma, WA | 364 | $ 91,070,000 | $ 250,192 | $ 83,000 |
| Salem, OR | 355 | $ 68,807,000 | $ 193,822 | $ 58,000 |
| Tucson, AZ | 295 | $ 62,648,000 | $ 212,366 | $ 69,000 |
| Eugene-Springfield, OR | 272 | $ 60,302,000 | $ 221,698 | $ 64,000 |
| Bremerton-Silverdale, WA | 200 | $ 51,987,000 | $ 259,935 | $ 70,000 |
| Mount Vernon-Anacortes, WA | 196 | $ 41,204,000 | $ 210,224 | $ 51,000 |
| Ogden-Clearfield, UT | 149 | $ 34,391,000 | $ 230,812 | $ 93,000 |
| Bend, OR | 146 | $ 37,994,000 | $ 260,232 | $ 86,000 |
| Las Vegas-Paradise, NV | 146 | $ 29,237,000 | $ 200,253 | $ 62,000 |
| Olympia, WA | 144 | $ 31,423,000 | $ 218,215 | $ 91,000 |
| Dallas-Plano-Irving, TX | 125 | $ 24,089,000 | $ 192,712 | $ 104,000 |
| Bellingham, WA | 101 | $ 22,488,000 | $ 222,653 | $ 63,000 |
| Logan, UT-ID | 90 | $ 15,950,000 | $ 177,222 | $ 50,000 |
| Corvallis, OR | 89 | $ 23,103,000 | $ 259,584 | $ 58,000 |
| Idaho Falls, ID | 82 | $ 12,760,000 | $ 155,609 | $ 91,000 |
| Provo-Orem, UT | 53 | $ 11,216,000 | $ 211,622 | $ 74,000 |
| Pocatello, ID | 39 | $ 4,763,000 | $ 122,128 | $ 51,000 |
| Fort Worth-Arlington, TX | 30 | $ 3,850,000 | $ 128,333 | $ 66,000 |
| Medford, OR | 29 | $ 6,684,000 | $ 230,482 | $ 72,000 |
| St. George, UT | 19 | $ 3,729,000 | $ 196,263 | $ 112,000 |
| Prescott, AZ | 18 | $ 3,954,000 | $ 219,666 | $ 45,000 |
| Longview, WA | 11 | $ 3,273,000 | $ 297,545 | $ 60,000 |
| Denver-Aurora, CO | 8 | $ 3,161,000 | $ 395,125 | $ 0 |
| Boulder, CO | 5 | $ 725,000 | $ 145,000 | $ 69,000 |
| Flagstaff, AZ | 2 | $ 395,000 | $ 197,500 | $ 62,000 |
| Reno-Sparks, NV | 2 | $ 1,100,000 | $ 550,000 | $ 0 |
| Houston-Baytown-Sugar Land, TX | 1 | $ 674,000 | $ 674,000 | $ 171,000 |
| Kennewick-Richland-Pasco, WA | 1 | $ 1,910,000 | $ 1,910,000 | $ 0 |
| Wenatchee, WA | 1 | $ 199,000 | $ 199,000 | $ 151,000 |
Mortgage Loan Application Detail Totals for Washington Federal S&L 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 4,724 | $1,178,733,000 | $229,750 | $5,500,000 | $69,250 | $1,193,000 |
| Refinancing | 2,108 | $430,358,000 | $240,625 | $2,760,000 | $65,750 | $3,565,000 |
| Home Improvement | 518 | $119,171,000 | $227,000 | $1,700,000 | $78,142 | $937,000 |
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 | 5,973 | $1,364,306,000 | $220,125 | $2,730,000 | $77,250 | $3,565,000 |
| Not applicable | 511 | $164,141,000 | $315,625 | $5,500,000 | $0 | $0 |
| Asian | 326 | $86,365,000 | $271,142 | $2,500,000 | $114,428 | $762,000 |
| Hispanic | 248 | $50,017,000 | $202,857 | $840,000 | $62,428 | $494,000 |
| Black or African American | 137 | $25,450,000 | $197,000 | $575,000 | $85,500 | $282,000 |
| Not Provided | 106 | $26,809,000 | $213,000 | $1,000,000 | $90,857 | $426,000 |
| American Indian or Alaskan Native | 27 | $5,861,000 | $182,000 | $390,000 | $82,833 | $309,000 |
| Native Hawaiian or Other Pacific Islander | 22 | $5,313,000 | $197,600 | $675,000 | $65,000 | $197,000 |
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) | 7,339 | $1,726,753,000 | $224,875 | $5,500,000 | $68,000 | $3,565,000 |
| VA-guaranteed (Veterans Administration) | 10 | $1,402,000 | $140,000 | $208,000 | $54,000 | $112,000 |
| FHA-insured (Federal Housing Administration) | 1 | $107,000 | $107,000 | $107,000 | $32,000 | $32,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 5,718 | $1,333,945,000 | $226,250 | $5,500,000 | $63,375 | $3,565,000 |
| Application Withdrawn By Applicant | 794 | $194,425,000 | $217,500 | $1,700,000 | $70,000 | $960,000 |
| Application Denied By Financial Institution | 347 | $80,652,000 | $206,500 | $1,220,000 | $66,250 | $718,000 |
| File Closed For Incompleteness | 200 | $45,328,000 | $205,000 | $1,500,000 | $79,000 | $561,000 |
| Preapproval Approved but not Accepted | 139 | $36,150,000 | $217,000 | $1,384,000 | $85,833 | $690,000 |
| Application Approved But Not Accepted | 80 | $21,739,000 | $261,000 | $1,199,000 | $133,285 | $432,000 |
| Preapproval Denied by Financial Institution | 72 | $16,023,000 | $205,800 | $707,000 | $73,200 | $436,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 147 | $38,555,000 | $248,833 | $1,200,000 | $62,500 | $525,000 |
| Credit History | 115 | $22,079,000 | $186,142 | $1,000,000 | $58,857 | $288,000 |
| Collateral | 76 | $17,510,000 | $189,750 | $992,000 | $90,250 | $436,000 |
| Other | 50 | $11,439,000 | $176,600 | $1,220,000 | $60,000 | $384,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 18 | $4,040,000 | $300,666 | $525,000 | $150,333 | $718,000 |
| Unverifiable Information | 6 | $1,383,000 | $205,500 | $625,000 | $93,500 | $168,000 |
| Employment History | 6 | $1,314,000 | $219,000 | $386,000 | $50,333 | $81,000 |
| Credit Application Incomplete | 1 | $355,000 | $355,000 | $355,000 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Washington Federal S&L'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 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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