Windsor Federal Savings & Loan Mortgage Lending & HMDA Data, 2003
In 2003, Windsor Federal Savings & Loan of Windsor, CT reported 525 mortgage applications totaling $77.3 million. The average application was for $147,217, and applicants reported an average income of $80,066. 90% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Hartford, CT (504), Springfield, MA (2) and Barnstable-Yarmouth, MA (1) (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 | 525 |
| Total Mortgage Loan Application Amount | $77,289,000 |
| Average Mortgage Loan Application Amount | $147,217 |
| Highest Mortgage Loan Application Amount | $747,000 |
| Average Applicant Income | $80,066 |
| Highest Applicant Income | $614,000 |
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records Windsor Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2003
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 (home purchase or home improvement, one-to-four family) | 380 | $51,284,000 | $131,000 | $593,000 | $86,500 | $500,000 |
| Home Purchase (one-to-four family) | 145 | $26,005,000 | $148,000 | $747,000 | $58,000 | $614,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 0 | $0 | $0 | $0 | $0 | $0 |
| Home Improvement (one-to-four family) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 461 | $68,999,000 | $136,500 | $747,000 | $81,500 | $614,000 |
| Black | 42 | $5,640,000 | $134,000 | $335,000 | $75,000 | $183,000 |
| Hispanic | 8 | $991,000 | $123,000 | $152,000 | $51,000 | $93,000 |
| Asian or Pacific Islander | 5 | $539,000 | $107,000 | $162,000 | $39,000 | $79,000 |
| Other | 4 | $380,000 | $95,000 | $159,000 | $48,000 | $56,000 |
| American Indian or Alaskan Native | 3 | $385,000 | $128,000 | $174,000 | $61,000 | $71,000 |
| Information not provided by applicant in mail or telephone application | 2 | $355,000 | $177,000 | $225,000 | $164,000 | $261,000 |
| Not applicable | 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) | 509 | $75,287,000 | $136,000 | $747,000 | $79,500 | $614,000 |
| FHA-insured (Federal Housing Administration) | 16 | $2,002,000 | $125,000 | $193,000 | $52,000 | $93,000 |
| 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 | 472 | $69,002,000 | $135,000 | $747,000 | $81,000 | $614,000 |
| Application Denied By Financial Institution | 25 | $3,753,000 | $150,000 | $490,000 | $81,000 | $190,000 |
| Application Withdrawn By Applicant | 17 | $2,737,000 | $161,000 | $356,000 | $62,000 | $203,000 |
| Application Approved But Not Accepted | 11 | $1,797,000 | $163,000 | $400,000 | $69,000 | $195,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 8 | $766,000 | $95,000 | $139,000 | $66,000 | $93,000 |
| Debt-To-Income Ratio | 6 | $1,331,000 | $221,000 | $490,000 | $93,000 | $190,000 |
| Collateral | 5 | $958,000 | $191,000 | $335,000 | $102,000 | $137,000 |
| Credit Application Incomplete | 4 | $512,000 | $128,000 | $200,000 | $82,000 | $153,000 |
| Other | 2 | $186,000 | $93,000 | $100,000 | $49,000 | $79,000 |
| Unverifiable Information | 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 2003 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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