Windsor Federal Savings & Loan Mortgage Lending & HMDA Data, 2007
In 2007, Windsor Federal Savings & Loan of Windsor, CT reported 376 mortgage applications totaling $35.7 million, down 3% from 2006. The average application was for $94,936, and applicants reported an average income of $92,345. 85% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Hartford-West Hartford-East Hartford, CT (361), Springfield, MA (4) and New Haven-Milford, CT (3) (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 | 376 |
| Total Mortgage Loan Application Amount | $35,696,000 |
| Average Mortgage Loan Application Amount | $94,936 |
| Highest Mortgage Loan Application Amount | $589,000 |
| Average Applicant Income | $92,345 |
| Highest Applicant Income | $440,000 |
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records Windsor Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2007
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 Improvement | 181 | $9,566,000 | $52,000 | $300,000 | $87,000 | $267,000 |
| Refinancing | 114 | $11,342,000 | $99,000 | $400,000 | $89,000 | $324,000 |
| Home Purchase | 81 | $14,788,000 | $182,000 | $589,000 | $109,000 | $440,000 |
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 | 290 | $27,876,000 | $96,000 | $589,000 | $98,000 | $440,000 |
| Black or African American | 50 | $3,063,000 | $61,000 | $241,000 | $72,000 | $369,000 |
| Asian | 18 | $2,316,000 | $128,000 | $406,000 | $94,000 | $187,000 |
| Hispanic | 8 | $695,000 | $86,000 | $270,000 | $87,000 | $171,000 |
| Not applicable | 8 | $1,664,000 | $208,000 | $445,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 1 | $12,000 | $12,000 | $12,000 | $92,000 | $92,000 |
| American Indian or Alaskan Native | 1 | $70,000 | $70,000 | $70,000 | $172,000 | $172,000 |
| 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) | 374 | $35,299,000 | $94,000 | $589,000 | $93,000 | $440,000 |
| FHA-insured (Federal Housing Administration) | 2 | $397,000 | $198,000 | $211,000 | $65,000 | $66,000 |
| 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 | 319 | $30,448,000 | $95,000 | $445,000 | $97,000 | $440,000 |
| Application Denied By Financial Institution | 35 | $2,603,000 | $74,000 | $249,000 | $51,000 | $158,000 |
| Application Withdrawn By Applicant | 12 | $1,549,000 | $129,000 | $589,000 | $105,000 | $316,000 |
| Application Approved But Not Accepted | 8 | $866,000 | $108,000 | $300,000 | $93,000 | $153,000 |
| File Closed For Incompleteness | 2 | $230,000 | $115,000 | $130,000 | $52,000 | $104,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 16 | $1,336,000 | $83,000 | $249,000 | $41,000 | $83,000 |
| Credit History | 9 | $456,000 | $50,000 | $155,000 | $56,000 | $97,000 |
| Collateral | 8 | $571,000 | $71,000 | $180,000 | $71,000 | $158,000 |
| Credit Application Incomplete | 2 | $240,000 | $120,000 | $160,000 | $31,000 | $62,000 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Windsor Federal Savings & Loan's 2007 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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