Washington Mutual Bank, FSB Mortgage Lending & HMDA Data, 2005
In 2005, Washington Mutual Bank, FSB of Albion, NY reported 3,016 mortgage applications totaling $704.1 million, down 25% from 2004. The average application was for $233,468, and applicants reported an average income of $54,076. 58% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Salt Lake City, UT (871), Boise City-Nampa, ID (272) and Ogden-Clearfield, UT (238) (applications in parentheses).
| Mortgage Company & Address | Washington Mutual Bank, FSB 227 East Avenue Albion, NY 14411 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 3,016 |
| Total Mortgage Loan Application Amount | $704,142,000 |
| Average Mortgage Loan Application Amount | $233,468 |
| Highest Mortgage Loan Application Amount | $18,850,000 |
| Average Applicant Income | $54,076 |
| Highest Applicant Income | $3,994,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Washington Mutual Bank, FSB filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Salt Lake City, UT | 871 | $ 143,335,000 | $ 164,563 | $ 89,000 |
| Boise City-Nampa, ID | 272 | $ 31,383,000 | $ 115,378 | $ 58,000 |
| Ogden-Clearfield, UT | 238 | $ 32,635,000 | $ 137,121 | $ 61,000 |
| Provo-Orem, UT | 231 | $ 33,049,000 | $ 143,069 | $ 69,000 |
| St. George, UT | 112 | $ 15,451,000 | $ 137,955 | $ 63,000 |
| Logan, UT-ID | 67 | $ 7,998,000 | $ 119,373 | $ 47,000 |
| Los Angeles-Long Beach-Glendale, CA | 59 | $ 46,317,000 | $ 785,033 | $ 23,000 |
| Idaho Falls, ID | 57 | $ 5,220,000 | $ 91,578 | $ 54,000 |
| Billings, MT | 40 | $ 4,561,000 | $ 114,025 | $ 39,000 |
| Coeur D'Alene, ID | 39 | $ 5,025,000 | $ 128,846 | $ 80,000 |
| New York-Wayne-White Plains, NY-NJ | 34 | $ 89,497,000 | $ 2,632,264 | $ 0 |
| Missoula, MT | 31 | $ 5,223,000 | $ 168,483 | $ 291,000 |
| Chicago-Naperville-Joliet, IL | 23 | $ 7,679,000 | $ 333,869 | $ 0 |
| Great Falls, MT | 22 | $ 2,094,000 | $ 95,181 | $ 29,000 |
| San Francisco-San Mateo-Redwood City, CA | 13 | $ 17,915,000 | $ 1,378,076 | $ 0 |
| Houston-Baytown-Sugar Land, TX | 11 | $ 27,024,000 | $ 2,456,727 | $ 0 |
| Seattle-Bellevue-Everett, WA | 11 | $ 2,730,000 | $ 248,181 | $ 86,000 |
| Denver-Aurora, CO | 9 | $ 3,052,000 | $ 339,111 | $ 0 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 9 | $ 2,009,000 | $ 223,222 | $ 0 |
| Pocatello, ID | 9 | $ 703,000 | $ 78,111 | $ 28,000 |
| Dallas-Plano-Irving, TX | 8 | $ 9,183,000 | $ 1,147,875 | $ 0 |
| Riverside-San Bernardino-Ontario, CA | 8 | $ 2,032,000 | $ 254,000 | $ 0 |
| San Diego-Carlsbad-San Marcos, CA | 8 | $ 2,608,000 | $ 326,000 | $ 13,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 8 | $ 9,962,000 | $ 1,245,250 | $ 0 |
| Oakland-Fremont-Hayward, CA | 7 | $ 2,309,000 | $ 329,857 | $ 0 |
| Austin-Round Rock, TX | 6 | $ 5,150,000 | $ 858,333 | $ 0 |
| Bridgeport-Stamford-Norwalk, CT | 6 | $ 1,499,000 | $ 249,833 | $ 0 |
| Lewiston, ID-WA | 6 | $ 448,000 | $ 74,666 | $ 14,000 |
| Phoenix-Mesa-Scottsdale, AZ | 6 | $ 1,277,000 | $ 212,833 | $ 0 |
| Sacramento--Arden-Arcade--Roseville, CA | 6 | $ 2,958,000 | $ 493,000 | $ 0 |
| Philadelphia, PA | 5 | $ 1,162,000 | $ 232,400 | $ 0 |
| Portland-Vancouver-Beaverton, OR-WA | 5 | $ 3,627,000 | $ 725,400 | $ 24,000 |
| Santa Ana-Anaheim-Irvine, CA | 5 | $ 3,418,000 | $ 683,600 | $ 0 |
| Cambridge-Newton-Framingham, MA | 4 | $ 868,000 | $ 217,000 | $ 0 |
| Detroit-Livonia-Dearborn, MI | 4 | $ 808,000 | $ 202,000 | $ 0 |
| Newark-Union, NJ-PA | 4 | $ 1,570,000 | $ 392,500 | $ 0 |
| Reno-Sparks, NV | 4 | $ 910,000 | $ 227,500 | $ 0 |
| Baltimore-Towson, MD | 3 | $ 671,000 | $ 223,666 | $ 0 |
| Boston-Quincy, MA | 3 | $ 19,226,000 | $ 6,408,666 | $ 0 |
| Hartford-West Hartford-East Hartford, CT | 3 | $ 596,000 | $ 198,666 | $ 0 |
| Lake County-Kenosha County, IL-WI | 3 | $ 717,000 | $ 239,000 | $ 0 |
| Modesto, CA | 3 | $ 794,000 | $ 264,666 | $ 0 |
| New Haven-Milford, CT | 3 | $ 786,000 | $ 262,000 | $ 0 |
| Stockton, CA | 3 | $ 4,605,000 | $ 1,535,000 | $ 46,000 |
| Tacoma, WA | 3 | $ 402,000 | $ 134,000 | $ 392,000 |
| Atlanta-Sandy Springs-Marietta, GA | 2 | $ 322,000 | $ 161,000 | $ 0 |
| Camden, NJ | 2 | $ 404,000 | $ 202,000 | $ 0 |
| Cleveland-Elyria-Mentor, OH | 2 | $ 302,000 | $ 151,000 | $ 0 |
| Columbus, OH | 2 | $ 949,000 | $ 474,500 | $ 0 |
| Corpus Christi, TX | 2 | $ 12,781,000 | $ 6,390,500 | $ 0 |
| Edison, NJ | 2 | $ 534,000 | $ 267,000 | $ 0 |
| Fresno, CA | 2 | $ 951,000 | $ 475,500 | $ 0 |
| Olympia, WA | 2 | $ 431,000 | $ 215,500 | $ 60,000 |
| Salem, OR | 2 | $ 950,000 | $ 475,000 | $ 0 |
| Salinas, CA | 2 | $ 1,460,000 | $ 730,000 | $ 0 |
| Santa Barbara-Santa Maria-Goleta, CA | 2 | $ 3,803,000 | $ 1,901,500 | $ 0 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 2 | $ 464,000 | $ 232,000 | $ 0 |
| Albuquerque, NM | 1 | $ 274,000 | $ 274,000 | $ 0 |
| Ann Arbor, MI | 1 | $ 252,000 | $ 252,000 | $ 0 |
| Bakersfield, CA | 1 | $ 440,000 | $ 440,000 | $ 0 |
| Barnstable Town, MA | 1 | $ 305,000 | $ 305,000 | $ 0 |
| Bethesda-Frederick-Gaithersburg, MD | 1 | $ 265,000 | $ 265,000 | $ 0 |
| Boulder, CO | 1 | $ 131,000 | $ 131,000 | $ 0 |
| Cincinnati-Middletown, OH-KY-IN | 1 | $ 244,000 | $ 244,000 | $ 0 |
| Corvallis, OR | 1 | $ 2,663,000 | $ 2,663,000 | $ 0 |
| Dayton, OH | 1 | $ 143,000 | $ 143,000 | $ 0 |
| Fayetteville-Springdale-Rogers, AR-MO | 1 | $ 160,000 | $ 160,000 | $ 0 |
| Fort Collins-Loveland, CO | 1 | $ 209,000 | $ 209,000 | $ 0 |
| Fort Worth-Arlington, TX | 1 | $ 130,000 | $ 130,000 | $ 0 |
| Grand Rapids-Wyoming, MI | 1 | $ 200,000 | $ 200,000 | $ 0 |
| Green Bay, WI | 1 | $ 129,000 | $ 129,000 | $ 0 |
| Indianapolis, IN | 1 | $ 217,000 | $ 217,000 | $ 0 |
| Kalamazoo-Portage, MI | 1 | $ 146,000 | $ 146,000 | $ 0 |
| Kennewick-Richland-Pasco, WA | 1 | $ 227,000 | $ 227,000 | $ 83,000 |
| Las Vegas-Paradise, NV | 1 | $ 165,000 | $ 165,000 | $ 0 |
| Lexington-Fayette, KY | 1 | $ 334,000 | $ 334,000 | $ 0 |
| Merced, CA | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 180,000 | $ 180,000 | $ 0 |
| Norwich-New London, CT | 1 | $ 137,000 | $ 137,000 | $ 0 |
| Providence-New Bedford-Fall River, RI-MA | 1 | $ 236,000 | $ 236,000 | $ 0 |
| Roanoke, VA | 1 | $ 167,000 | $ 167,000 | $ 0 |
| Salisbury, MD | 1 | $ 10,395,000 | $ 10,395,000 | $ 0 |
| San Antonio, TX | 1 | $ 202,000 | $ 202,000 | $ 0 |
| Santa Rosa-Petaluma, CA | 1 | $ 229,000 | $ 229,000 | $ 0 |
| South Bend-Mishawaka, IN-MI | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Springfield, OH | 1 | $ 132,000 | $ 132,000 | $ 0 |
| Trenton-Ewing, NJ | 1 | $ 140,000 | $ 140,000 | $ 0 |
| Tucson, AZ | 1 | $ 165,000 | $ 165,000 | $ 0 |
| Tyler, TX | 1 | $ 151,000 | $ 151,000 | $ 0 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 3,000,000 | $ 3,000,000 | $ 0 |
| Warren-Farmington Hills-Troy, MI | 1 | $ 192,000 | $ 192,000 | $ 0 |
| Worcester, MA | 1 | $ 268,000 | $ 268,000 | $ 0 |
Mortgage Loan Application Detail Totals for Washington Mutual Bank, FSB 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 |
|---|---|---|---|---|---|---|
| Refinancing | 2,163 | $401,213,000 | $531,629 | $18,850,000 | $13,555 | $1,200,000 |
| Home Purchase | 792 | $277,953,000 | $630,769 | $12,000,000 | $20,269 | $3,994,000 |
| Home Improvement | 61 | $24,976,000 | $884,454 | $8,000,000 | $22,454 | $240,000 |
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 | 2,126 | $303,885,000 | $327,571 | $2,415,000 | $81,714 | $3,994,000 |
| Not Provided | 363 | $80,416,000 | $452,285 | $2,740,000 | $58,714 | $1,200,000 |
| Not applicable | 326 | $287,236,000 | $628,518 | $18,850,000 | $0 | $0 |
| Hispanic | 137 | $19,677,000 | $404,800 | $3,820,000 | $48,200 | $159,000 |
| Asian | 35 | $9,050,000 | $448,166 | $2,415,000 | $32,333 | $394,000 |
| Native Hawaiian or Other Pacific Islander | 10 | $1,605,000 | $192,000 | $268,000 | $76,750 | $113,000 |
| American Indian or Alaskan Native | 10 | $1,016,000 | $98,000 | $208,000 | $44,333 | $116,000 |
| Black or African American | 9 | $1,257,000 | $130,000 | $270,000 | $76,000 | $263,000 |
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) | 2,976 | $701,447,000 | $509,500 | $18,850,000 | $14,466 | $3,994,000 |
| FHA-insured (Federal Housing Administration) | 24 | $1,268,000 | $52,000 | $97,000 | $4,000 | $40,000 |
| VA-guaranteed (Veterans Administration) | 16 | $1,427,000 | $89,000 | $175,000 | $21,000 | $128,000 |
| 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 | 1,747 | $484,899,000 | $3,375,500 | $18,850,000 | $16,285 | $2,359,000 |
| Application Denied By Financial Institution | 588 | $86,777,000 | $238,500 | $2,000,000 | $124,333 | $564,000 |
| Application Approved But Not Accepted | 291 | $54,569,000 | $1,186,571 | $4,830,000 | $45,285 | $3,994,000 |
| Loan Purchased By The Institution | 231 | $51,394,000 | $212,384 | $334,000 | $0 | $0 |
| Preapproval Denied by Financial Institution | 77 | $13,149,000 | $170,000 | $580,000 | $74,000 | $200,000 |
| Application Withdrawn By Applicant | 64 | $11,407,000 | $545,000 | $2,000,000 | $116,166 | $784,000 |
| File Closed For Incompleteness | 18 | $1,947,000 | $109,333 | $210,000 | $50,333 | $240,000 |
| Preapproval Approved but not Accepted | 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 |
|---|---|---|---|---|---|---|
| Other | 153 | $21,308,000 | $135,000 | $975,000 | $57,400 | $474,000 |
| Unverifiable Information | 150 | $27,875,000 | $293,400 | $1,900,000 | $179,200 | $564,000 |
| Credit History | 145 | $19,051,000 | $205,600 | $800,000 | $53,600 | $216,000 |
| Debt-To-Income Ratio | 91 | $15,981,000 | $198,000 | $2,000,000 | $54,000 | $357,000 |
| Credit Application Incomplete | 80 | $8,950,000 | $123,500 | $528,000 | $99,000 | $480,000 |
| Collateral | 32 | $5,078,000 | $170,000 | $650,000 | $82,333 | $184,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 9 | $1,269,000 | $161,000 | $288,000 | $44,500 | $85,000 |
| Employment History | 5 | $414,000 | $87,750 | $135,000 | $94,250 | $205,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Washington Mutual Bank, FSB'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 Mutual Bank, FSB'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.
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