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(HMDA) records Washington Federal S&L filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
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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