Windsor Federal Savings & Loan Mortgage Lending & HMDA Data, 2010
In 2010, Windsor Federal Savings & Loan of Windsor, CT reported 446 mortgage applications totaling $60.3 million, up 21% from 2009. The average application was for $135,197, and applicants reported an average income of $97,461. 85% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Hartford-West Hartford-East Hartford, CT (429), Springfield, MA (5) and Norwich-New London, CT (4) (applications in parentheses).
| Mortgage Company & Address | Windsor Federal Savings & Loan 250 Broad Street Windsor, CT 06095 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 | 446 |
| Total Mortgage Loan Application Amount | $60,298,000 |
| Average Mortgage Loan Application Amount | $135,197 |
| Highest Mortgage Loan Application Amount | $3,661,000 |
| Average Applicant Income | $97,461 |
| Highest Applicant Income | $609,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Windsor Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Windsor Federal Savings & Loan in 2010
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 | 278 | $40,955,000 | $147,000 | $440,000 | $107,000 | $609,000 |
| Home Improvement | 114 | $7,386,000 | $64,000 | $557,000 | $82,000 | $344,000 |
| Home Purchase | 54 | $11,957,000 | $221,000 | $3,661,000 | $81,000 | $417,000 |
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 | 356 | $48,849,000 | $137,000 | $3,661,000 | $105,000 | $609,000 |
| Black or African American | 51 | $4,629,000 | $90,000 | $275,000 | $73,000 | $186,000 |
| Hispanic | 17 | $1,554,000 | $91,000 | $340,000 | $82,000 | $170,000 |
| Not applicable | 12 | $3,849,000 | $320,000 | $983,000 | $0 | $0 |
| Asian | 9 | $1,348,000 | $149,000 | $312,000 | $96,000 | $189,000 |
| American Indian or Alaskan Native | 1 | $69,000 | $69,000 | $69,000 | $168,000 | $168,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
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) | 437 | $58,808,000 | $134,000 | $3,661,000 | $98,000 | $609,000 |
| FHA-insured (Federal Housing Administration) | 9 | $1,490,000 | $165,000 | $190,000 | $60,000 | $89,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 | 380 | $52,180,000 | $137,000 | $3,661,000 | $100,000 | $609,000 |
| Application Denied By Financial Institution | 47 | $5,149,000 | $109,000 | $405,000 | $83,000 | $225,000 |
| Application Approved But Not Accepted | 11 | $1,203,000 | $109,000 | $300,000 | $112,000 | $417,000 |
| Application Withdrawn By Applicant | 8 | $1,766,000 | $220,000 | $557,000 | $60,000 | $135,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial 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 |
|---|---|---|---|---|---|---|
| Collateral | 26 | $3,274,000 | $125,000 | $405,000 | $111,000 | $225,000 |
| Debt-To-Income Ratio | 16 | $1,408,000 | $88,000 | $266,000 | $54,000 | $127,000 |
| Credit History | 3 | $61,000 | $20,000 | $35,000 | $46,000 | $69,000 |
| Other | 2 | $406,000 | $203,000 | $400,000 | $9,000 | $19,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Windsor Federal Savings & Loan's 2010 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 Windsor Federal Savings & Loan'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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