Washington Federal S&L Mortgage Lending & HMDA Data, 2006
In 2006, Washington Federal S&L of Seattle, WA reported 5,610 mortgage applications totaling $1.5 billion, down 24% from 2005. The average application was for $269,390, and applicants reported an average income of $117,379. 75% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Seattle-Bellevue-Everett, WA (834), Phoenix-Mesa-Scottsdale, AZ (371) and Portland-Vancouver-Beaverton, OR-WA (363) (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 | 5,610 |
| Total Mortgage Loan Application Amount | $1,511,278,000 |
| Average Mortgage Loan Application Amount | $269,390 |
| Highest Mortgage Loan Application Amount | $3,850,000 |
| Average Applicant Income | $117,379 |
| Highest Applicant Income | $6,293,000 |
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(HMDA) records Washington Federal S&L filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 834 | $ 308,765,000 | $ 370,221 | $ 112,000 |
| Phoenix-Mesa-Scottsdale, AZ | 371 | $ 84,547,000 | $ 227,889 | $ 69,000 |
| Portland-Vancouver-Beaverton, OR-WA | 363 | $ 130,804,000 | $ 360,341 | $ 207,462 |
| Boise City-Nampa, ID | 334 | $ 74,657,000 | $ 223,523 | $ 92,000 |
| Salt Lake City, UT | 321 | $ 88,659,000 | $ 276,196 | $ 117,000 |
| Salem, OR | 245 | $ 60,081,000 | $ 245,228 | $ 339,000 |
| Tacoma, WA | 232 | $ 68,448,000 | $ 295,034 | $ 111,000 |
| Tucson, AZ | 195 | $ 56,041,000 | $ 287,389 | $ 94,000 |
| Mount Vernon-Anacortes, WA | 166 | $ 38,190,000 | $ 230,060 | $ 93,000 |
| Dallas-Plano-Irving, TX | 154 | $ 25,018,000 | $ 162,454 | $ 128,000 |
| Bremerton-Silverdale, WA | 149 | $ 47,683,000 | $ 320,020 | $ 105,000 |
| Eugene-Springfield, OR | 148 | $ 38,849,000 | $ 262,493 | $ 82,000 |
| Olympia, WA | 132 | $ 33,022,000 | $ 250,166 | $ 124,000 |
| Las Vegas-Paradise, NV | 115 | $ 30,913,000 | $ 268,808 | $ 101,000 |
| Ogden-Clearfield, UT | 105 | $ 25,138,000 | $ 239,409 | $ 97,000 |
| Bend, OR | 95 | $ 31,284,000 | $ 329,305 | $ 115,000 |
| Corvallis, OR | 84 | $ 26,256,000 | $ 312,571 | $ 176,000 |
| Logan, UT-ID | 82 | $ 17,228,000 | $ 210,097 | $ 71,841 |
| Bellingham, WA | 73 | $ 17,886,000 | $ 245,013 | $ 89,000 |
| Idaho Falls, ID | 54 | $ 10,724,000 | $ 198,592 | $ 89,000 |
| Provo-Orem, UT | 48 | $ 12,158,000 | $ 253,291 | $ 73,000 |
| Medford, OR | 43 | $ 11,819,000 | $ 274,860 | $ 155,000 |
| Fort Worth-Arlington, TX | 38 | $ 6,048,000 | $ 159,157 | $ 127,000 |
| Pocatello, ID | 35 | $ 5,108,000 | $ 145,942 | $ 74,000 |
| Prescott, AZ | 17 | $ 7,098,000 | $ 417,529 | $ 69,000 |
| St. George, UT | 11 | $ 2,662,000 | $ 242,000 | $ 111,000 |
| Longview, WA | 9 | $ 2,055,000 | $ 228,333 | $ 59,000 |
| Denver-Aurora, CO | 7 | $ 2,866,000 | $ 409,428 | $ 20,000 |
| Sherman-Denison, TX | 6 | $ 1,172,000 | $ 195,333 | $ 104,000 |
| Flagstaff, AZ | 3 | $ 973,000 | $ 324,333 | $ 117,000 |
| Reno-Sparks, NV | 2 | $ 1,280,000 | $ 640,000 | $ 0 |
Mortgage Loan Application Detail Totals for Washington Federal S&L 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 3,461 | $1,001,515,000 | $289,000 | $3,850,000 | $100,000 | $2,105,000 |
| Refinancing | 1,655 | $382,042,000 | $230,000 | $3,420,000 | $161,000 | $6,293,000 |
| Home Improvement | 494 | $127,721,000 | $258,000 | $1,105,000 | $93,000 | $822,000 |
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 | 4,548 | $1,197,686,000 | $263,000 | $2,328,000 | $128,000 | $4,216,000 |
| Not applicable | 430 | $148,056,000 | $344,000 | $3,850,000 | $0 | $0 |
| Asian | 209 | $56,965,000 | $272,000 | $800,000 | $112,000 | $933,000 |
| Hispanic | 183 | $42,363,000 | $231,000 | $988,000 | $72,000 | $409,000 |
| Not Provided | 108 | $31,595,000 | $292,000 | $1,800,000 | $228,000 | $6,293,000 |
| Black or African American | 77 | $20,956,000 | $272,000 | $2,008,000 | $106,000 | $679,000 |
| American Indian or Alaskan Native | 33 | $8,890,000 | $269,000 | $674,000 | $93,000 | $278,000 |
| Native Hawaiian or Other Pacific Islander | 22 | $4,767,000 | $216,000 | $675,000 | $123,000 | $636,000 |
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) | 5,607 | $1,510,901,000 | $269,000 | $3,850,000 | $117,000 | $6,293,000 |
| VA-guaranteed (Veterans Administration) | 3 | $377,000 | $125,000 | $176,000 | $45,000 | $67,000 |
| 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 |
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 | 4,196 | $1,105,242,000 | $263,000 | $3,850,000 | $118,000 | $4,216,000 |
| Application Withdrawn By Applicant | 583 | $158,915,000 | $272,000 | $2,008,000 | $105,000 | $1,159,000 |
| Application Denied By Financial Institution | 348 | $105,596,000 | $303,000 | $3,420,000 | $160,000 | $6,293,000 |
| File Closed For Incompleteness | 187 | $43,123,000 | $230,000 | $900,000 | $91,000 | $636,000 |
| Preapproval Approved but not Accepted | 147 | $53,787,000 | $365,000 | $2,065,000 | $112,000 | $819,000 |
| Preapproval Denied by Financial Institution | 84 | $25,377,000 | $302,000 | $1,000,000 | $87,000 | $450,000 |
| Application Approved But Not Accepted | 65 | $19,238,000 | $295,000 | $900,000 | $122,000 | $824,000 |
| 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 | 159 | $51,192,000 | $321,000 | $1,106,000 | $75,000 | $425,000 |
| Collateral | 90 | $25,740,000 | $286,000 | $1,400,000 | $131,000 | $1,645,000 |
| Credit History | 88 | $22,339,000 | $253,000 | $1,700,000 | $93,000 | $784,000 |
| Other | 72 | $22,961,000 | $318,000 | $3,420,000 | $282,000 | $6,293,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 10 | $5,154,000 | $515,000 | $1,200,000 | $101,000 | $200,000 |
| Unverifiable Information | 8 | $2,073,000 | $259,000 | $780,000 | $1,170,000 | $2,280,000 |
| Employment History | 5 | $1,514,000 | $302,000 | $594,000 | $89,000 | $176,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $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 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 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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