Washington Federal S&L Mortgage Lending & HMDA Data, 2009
In 2009, Washington Federal S&L of Seattle, WA reported 7,384 mortgage applications totaling $2.5 billion, down 4% from 2008. The average application was for $342,415, and applicants reported an average income of $141,746. 47% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Seattle-Bellevue-Everett, WA (1,373), Portland-Vancouver-Beaverton, OR-WA (657) and Phoenix-Mesa-Scottsdale, AZ (532) (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 | 7,384 |
| Total Mortgage Loan Application Amount | $2,528,398,000 |
| Average Mortgage Loan Application Amount | $342,415 |
| Highest Mortgage Loan Application Amount | $4,050,000 |
| Average Applicant Income | $141,746 |
| Highest Applicant Income | $6,357,000 |
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(HMDA) records Washington Federal S&L filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 1,373 | $ 590,931,000 | $ 430,394 | $ 143,000 |
| Portland-Vancouver-Beaverton, OR-WA | 657 | $ 291,098,000 | $ 443,071 | $ 144,277 |
| Phoenix-Mesa-Scottsdale, AZ | 532 | $ 132,563,000 | $ 249,178 | $ 171,000 |
| Salt Lake City, UT | 366 | $ 131,924,000 | $ 360,448 | $ 122,000 |
| Tacoma, WA | 274 | $ 98,520,000 | $ 359,562 | $ 178,000 |
| Dallas-Plano-Irving, TX | 259 | $ 120,819,000 | $ 466,482 | $ 218,000 |
| Tucson, AZ | 247 | $ 84,138,000 | $ 340,639 | $ 136,000 |
| Las Vegas-Paradise, NV | 221 | $ 74,670,000 | $ 337,873 | $ 250,000 |
| Albuquerque, NM | 189 | $ 62,794,000 | $ 332,243 | $ 136,000 |
| Boise City-Nampa, ID | 186 | $ 43,085,000 | $ 231,639 | $ 108,000 |
| Salem, OR | 151 | $ 49,726,000 | $ 329,311 | $ 91,000 |
| Bremerton-Silverdale, WA | 144 | $ 57,800,000 | $ 401,388 | $ 146,000 |
| Eugene-Springfield, OR | 144 | $ 41,813,000 | $ 290,368 | $ 95,000 |
| Bend, OR | 142 | $ 43,464,000 | $ 306,084 | $ 131,000 |
| Olympia, WA | 141 | $ 41,656,000 | $ 295,432 | $ 190,000 |
| Mount Vernon-Anacortes, WA | 132 | $ 33,482,000 | $ 253,651 | $ 88,000 |
| Ogden-Clearfield, UT | 96 | $ 33,167,000 | $ 345,489 | $ 154,000 |
| Provo-Orem, UT | 90 | $ 31,405,000 | $ 348,944 | $ 152,000 |
| Bellingham, WA | 84 | $ 26,194,000 | $ 311,833 | $ 135,000 |
| Fort Worth-Arlington, TX | 72 | $ 30,368,000 | $ 421,777 | $ 246,000 |
| Medford, OR | 63 | $ 20,795,000 | $ 330,079 | $ 128,000 |
| Corvallis, OR | 46 | $ 15,405,000 | $ 334,891 | $ 118,000 |
| Logan, UT-ID | 45 | $ 9,327,000 | $ 207,266 | $ 98,888 |
| Idaho Falls, ID | 33 | $ 6,763,000 | $ 204,939 | $ 76,000 |
| El Paso, TX | 31 | $ 6,007,000 | $ 193,774 | $ 123,000 |
| Farmington, NM | 31 | $ 7,249,000 | $ 233,838 | $ 80,000 |
| Santa Fe, NM | 30 | $ 13,515,000 | $ 450,500 | $ 143,000 |
| Las Cruces, NM | 26 | $ 6,953,000 | $ 267,423 | $ 88,000 |
| Pocatello, ID | 25 | $ 3,981,000 | $ 159,240 | $ 91,000 |
| Prescott, AZ | 13 | $ 2,692,000 | $ 207,076 | $ 127,000 |
| Longview, WA | 12 | $ 3,465,000 | $ 288,750 | $ 89,000 |
| St. George, UT | 6 | $ 2,229,000 | $ 371,500 | $ 417,000 |
| Flagstaff, AZ | 2 | $ 280,000 | $ 140,000 | $ 567,000 |
| Spokane, WA | 1 | $ 145,000 | $ 145,000 | $ 125,000 |
Mortgage Loan Application Detail Totals for Washington Federal S&L in 2009
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 | 4,627 | $1,533,731,000 | $331,000 | $4,050,000 | $141,000 | $3,255,000 |
| Refinancing | 2,373 | $857,734,000 | $361,000 | $3,500,000 | $143,000 | $6,204,000 |
| Home Improvement | 384 | $136,933,000 | $356,000 | $4,000,000 | $143,000 | $6,357,000 |
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 | 5,675 | $1,912,225,000 | $336,000 | $4,000,000 | $150,000 | $6,357,000 |
| Not Provided | 493 | $203,834,000 | $413,000 | $2,750,000 | $163,000 | $2,400,000 |
| Asian | 416 | $131,174,000 | $315,000 | $1,800,000 | $119,000 | $982,000 |
| Hispanic | 392 | $89,831,000 | $229,000 | $894,000 | $98,000 | $1,077,000 |
| Not applicable | 248 | $138,131,000 | $556,000 | $4,050,000 | $0 | $0 |
| Black or African American | 109 | $37,716,000 | $346,000 | $1,267,000 | $203,000 | $3,255,000 |
| American Indian or Alaskan Native | 29 | $7,183,000 | $247,000 | $1,323,000 | $95,000 | $540,000 |
| Native Hawaiian or Other Pacific Islander | 22 | $8,304,000 | $377,000 | $850,000 | $110,000 | $296,000 |
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) | 7,365 | $2,525,826,000 | $342,000 | $4,050,000 | $142,000 | $6,357,000 |
| FHA-insured (Federal Housing Administration) | 14 | $1,675,000 | $119,000 | $237,000 | $52,000 | $143,000 |
| VA-guaranteed (Veterans Administration) | 5 | $897,000 | $179,000 | $225,000 | $68,000 | $101,000 |
| 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 | 3,451 | $1,155,160,000 | $334,000 | $4,050,000 | $149,000 | $6,357,000 |
| Application Denied By Financial Institution | 1,611 | $579,796,000 | $359,000 | $3,000,000 | $129,000 | $6,204,000 |
| Application Withdrawn By Applicant | 762 | $258,186,000 | $338,000 | $3,500,000 | $143,000 | $2,400,000 |
| File Closed For Incompleteness | 520 | $175,375,000 | $337,000 | $2,000,000 | $135,000 | $5,038,000 |
| Preapproval Approved but not Accepted | 437 | $173,358,000 | $396,000 | $2,000,000 | $152,000 | $2,569,000 |
| Preapproval Denied by Financial Institution | 402 | $121,616,000 | $302,000 | $1,558,000 | $102,000 | $3,255,000 |
| Application Approved But Not Accepted | 201 | $64,907,000 | $322,000 | $1,150,000 | $193,000 | $1,505,000 |
| 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 | 931 | $348,906,000 | $374,000 | $2,300,000 | $110,000 | $6,204,000 |
| Other | 316 | $118,718,000 | $375,000 | $3,000,000 | $172,000 | $3,255,000 |
| Collateral | 289 | $89,148,000 | $308,000 | $1,398,000 | $147,000 | $1,413,000 |
| Credit History | 210 | $53,615,000 | $255,000 | $815,000 | $98,000 | $1,112,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 179 | $60,825,000 | $339,000 | $1,600,000 | $98,000 | $645,000 |
| Employment History | 58 | $17,543,000 | $302,000 | $1,340,000 | $137,000 | $2,340,000 |
| Unverifiable Information | 16 | $5,642,000 | $352,000 | $812,000 | $92,000 | $317,000 |
| Credit Application Incomplete | 12 | $6,256,000 | $521,000 | $1,558,000 | $128,000 | $587,000 |
| Mortgage Insurance Denied | 2 | $759,000 | $379,000 | $417,000 | $89,000 | $97,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Washington Federal S&L's 2009 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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