Washington Federal S&L Mortgage Lending & HMDA Data, 2007
In 2007, Washington Federal S&L of Seattle, WA reported 6,835 mortgage applications totaling $1.9 billion, up 22% from 2006. The average application was for $271,873, and applicants reported an average income of $140,373. 69% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Seattle-Bellevue-Everett, WA (977), Portland-Vancouver-Beaverton, OR-WA (559) and Phoenix-Mesa-Scottsdale, AZ (396) (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 | 6,835 |
| Total Mortgage Loan Application Amount | $1,858,253,000 |
| Average Mortgage Loan Application Amount | $271,873 |
| Highest Mortgage Loan Application Amount | $3,500,000 |
| Average Applicant Income | $140,373 |
| Highest Applicant Income | $6,228,000 |
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(HMDA) records Washington Federal S&L filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 977 | $ 379,929,000 | $ 388,873 | $ 145,000 |
| Portland-Vancouver-Beaverton, OR-WA | 559 | $ 178,747,000 | $ 319,762 | $ 329,828 |
| Phoenix-Mesa-Scottsdale, AZ | 396 | $ 91,395,000 | $ 230,795 | $ 91,000 |
| Salt Lake City, UT | 343 | $ 111,588,000 | $ 325,329 | $ 133,000 |
| Salem, OR | 288 | $ 67,301,000 | $ 233,684 | $ 195,000 |
| Tacoma, WA | 283 | $ 83,325,000 | $ 294,434 | $ 148,000 |
| Boise City-Nampa, ID | 277 | $ 62,603,000 | $ 226,003 | $ 198,000 |
| Tucson, AZ | 246 | $ 61,652,000 | $ 250,617 | $ 109,000 |
| Olympia, WA | 230 | $ 58,853,000 | $ 255,882 | $ 100,000 |
| Eugene-Springfield, OR | 168 | $ 44,274,000 | $ 263,535 | $ 80,000 |
| Mount Vernon-Anacortes, WA | 162 | $ 40,561,000 | $ 250,376 | $ 97,000 |
| Bend, OR | 150 | $ 48,928,000 | $ 326,186 | $ 172,000 |
| Las Vegas-Paradise, NV | 144 | $ 40,365,000 | $ 280,312 | $ 113,000 |
| Bremerton-Silverdale, WA | 141 | $ 46,399,000 | $ 329,070 | $ 131,000 |
| Las Cruces, NM | 109 | $ 19,561,000 | $ 179,458 | $ 94,000 |
| Ogden-Clearfield, UT | 104 | $ 29,600,000 | $ 284,615 | $ 92,000 |
| Albuquerque, NM | 100 | $ 21,010,000 | $ 210,100 | $ 125,000 |
| Bellingham, WA | 90 | $ 26,024,000 | $ 289,155 | $ 77,000 |
| Logan, UT-ID | 87 | $ 16,825,000 | $ 193,390 | $ 108,896 |
| Corvallis, OR | 82 | $ 25,554,000 | $ 311,634 | $ 108,000 |
| Medford, OR | 79 | $ 22,436,000 | $ 284,000 | $ 119,000 |
| Provo-Orem, UT | 69 | $ 19,616,000 | $ 284,289 | $ 132,000 |
| Dallas-Plano-Irving, TX | 52 | $ 14,156,000 | $ 272,230 | $ 162,000 |
| Idaho Falls, ID | 43 | $ 8,210,000 | $ 190,930 | $ 81,000 |
| Pocatello, ID | 41 | $ 6,577,000 | $ 160,414 | $ 69,000 |
| Longview, WA | 17 | $ 3,752,000 | $ 220,705 | $ 100,000 |
| Prescott, AZ | 15 | $ 2,189,000 | $ 145,933 | $ 52,000 |
| Fort Worth-Arlington, TX | 13 | $ 2,952,000 | $ 227,076 | $ 130,000 |
| Farmington, NM | 12 | $ 2,196,000 | $ 183,000 | $ 120,000 |
| El Paso, TX | 11 | $ 1,487,000 | $ 135,181 | $ 675,000 |
| Santa Fe, NM | 9 | $ 2,682,000 | $ 298,000 | $ 413,000 |
| St. George, UT | 6 | $ 2,216,000 | $ 369,333 | $ 376,000 |
| Kennewick-Richland-Pasco, WA | 4 | $ 436,000 | $ 109,000 | $ 999,000 |
| Flagstaff, AZ | 2 | $ 322,000 | $ 161,000 | $ 56,000 |
| Lubbock, TX | 2 | $ 123,000 | $ 61,500 | $ 287,000 |
| Houston-Sugar Land-Baytown, TX | 1 | $ 60,000 | $ 60,000 | $ 131,000 |
| Sherman-Denison, TX | 1 | $ 62,000 | $ 62,000 | $ 50,000 |
| Yuma, AZ | 1 | $ 200,000 | $ 200,000 | $ 40,000 |
Mortgage Loan Application Detail Totals for Washington Federal S&L in 2007
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 | 3,688 | $1,101,940,000 | $298,000 | $3,440,000 | $116,000 | $4,810,000 |
| Refinancing | 2,783 | $677,464,000 | $243,000 | $2,925,000 | $179,000 | $6,228,000 |
| Home Improvement | 364 | $78,849,000 | $216,000 | $3,500,000 | $92,000 | $1,764,000 |
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 | 5,360 | $1,474,442,000 | $275,000 | $3,500,000 | $160,000 | $6,228,000 |
| Not applicable | 570 | $164,616,000 | $288,000 | $2,925,000 | $0 | $0 |
| Hispanic | 430 | $77,987,000 | $181,000 | $1,200,000 | $91,000 | $5,828,000 |
| Asian | 251 | $73,761,000 | $293,000 | $1,200,000 | $151,000 | $3,142,000 |
| Not Provided | 90 | $33,413,000 | $371,000 | $1,500,000 | $187,000 | $1,335,000 |
| Black or African American | 81 | $22,237,000 | $274,000 | $1,218,000 | $95,000 | $552,000 |
| American Indian or Alaskan Native | 38 | $7,854,000 | $206,000 | $700,000 | $77,000 | $165,000 |
| Native Hawaiian or Other Pacific Islander | 15 | $3,943,000 | $262,000 | $562,000 | $67,000 | $139,000 |
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) | 6,818 | $1,855,895,000 | $272,000 | $3,500,000 | $141,000 | $6,228,000 |
| FHA-insured (Federal Housing Administration) | 9 | $1,279,000 | $142,000 | $301,000 | $43,000 | $53,000 |
| VA-guaranteed (Veterans Administration) | 8 | $1,079,000 | $134,000 | $195,000 | $47,000 | $74,000 |
| 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 | 4,693 | $1,230,580,000 | $262,000 | $2,925,000 | $140,000 | $4,810,000 |
| Application Denied By Financial Institution | 917 | $266,641,000 | $290,000 | $3,500,000 | $158,000 | $3,983,000 |
| Application Withdrawn By Applicant | 591 | $164,821,000 | $278,000 | $1,788,000 | $152,000 | $6,228,000 |
| File Closed For Incompleteness | 253 | $71,695,000 | $283,000 | $1,120,000 | $95,000 | $1,134,000 |
| Application Approved But Not Accepted | 138 | $41,885,000 | $303,000 | $2,150,000 | $131,000 | $1,127,000 |
| Preapproval Approved but not Accepted | 129 | $46,539,000 | $360,000 | $1,615,000 | $133,000 | $2,113,000 |
| Preapproval Denied by Financial Institution | 114 | $36,092,000 | $316,000 | $1,173,000 | $95,000 | $475,000 |
| 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 | 345 | $115,001,000 | $333,000 | $1,578,000 | $108,000 | $3,983,000 |
| Credit History | 258 | $50,273,000 | $194,000 | $1,170,000 | $94,000 | $1,234,000 |
| Other | 200 | $72,083,000 | $360,000 | $3,500,000 | $237,000 | $1,946,000 |
| Collateral | 156 | $41,861,000 | $268,000 | $2,000,000 | $243,000 | $1,849,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 29 | $11,399,000 | $393,000 | $1,388,000 | $183,000 | $1,020,000 |
| Unverifiable Information | 18 | $6,235,000 | $346,000 | $1,000,000 | $110,000 | $360,000 |
| Employment History | 15 | $4,197,000 | $279,000 | $508,000 | $63,000 | $132,000 |
| Credit Application Incomplete | 8 | $1,488,000 | $186,000 | $316,000 | $83,000 | $152,000 |
| Mortgage Insurance Denied | 2 | $196,000 | $98,000 | $134,000 | $94,000 | $139,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Washington Federal S&L's 2007 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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