Windsor Federal Savings & Loan Mortgage Lending & HMDA Data, 2009
In 2009, Windsor Federal Savings & Loan of Windsor, CT reported 368 mortgage applications totaling $58.6 million, up 22% from 2008. The average application was for $159,233, and applicants reported an average income of $90,578. 80% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Hartford-West Hartford-East Hartford, CT (355), New Haven-Milford, CT (4) 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 | 368 |
| Total Mortgage Loan Application Amount | $58,598,000 |
| Average Mortgage Loan Application Amount | $159,233 |
| Highest Mortgage Loan Application Amount | $4,500,000 |
| Average Applicant Income | $90,578 |
| Highest Applicant Income | $383,000 |
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records Windsor Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2009
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 | 221 | $36,121,000 | $163,000 | $545,000 | $97,000 | $383,000 |
| Home Improvement | 76 | $3,979,000 | $52,000 | $300,000 | $93,000 | $229,000 |
| Home Purchase | 71 | $18,498,000 | $260,000 | $4,500,000 | $68,000 | $288,000 |
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 | 284 | $39,986,000 | $140,000 | $405,000 | $99,000 | $383,000 |
| Black or African American | 42 | $3,079,000 | $73,000 | $257,000 | $77,000 | $218,000 |
| Not applicable | 18 | $6,016,000 | $334,000 | $1,200,000 | $0 | $0 |
| Asian | 17 | $3,467,000 | $203,000 | $417,000 | $106,000 | $203,000 |
| Hispanic | 6 | $5,922,000 | $987,000 | $4,500,000 | $38,000 | $65,000 |
| American Indian or Alaskan Native | 1 | $128,000 | $128,000 | $128,000 | $80,000 | $80,000 |
| 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) | 357 | $56,848,000 | $159,000 | $4,500,000 | $92,000 | $383,000 |
| FHA-insured (Federal Housing Administration) | 11 | $1,750,000 | $159,000 | $197,000 | $59,000 | $79,000 |
| 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 | 296 | $43,925,000 | $148,000 | $918,000 | $93,000 | $383,000 |
| Application Denied By Financial Institution | 44 | $5,356,000 | $121,000 | $355,000 | $82,000 | $272,000 |
| Application Approved But Not Accepted | 15 | $2,355,000 | $157,000 | $417,000 | $93,000 | $182,000 |
| Application Withdrawn By Applicant | 12 | $6,852,000 | $571,000 | $4,500,000 | $74,000 | $183,000 |
| File Closed For Incompleteness | 1 | $110,000 | $110,000 | $110,000 | $74,000 | $74,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 22 | $3,270,000 | $148,000 | $355,000 | $102,000 | $272,000 |
| Debt-To-Income Ratio | 11 | $988,000 | $89,000 | $262,000 | $49,000 | $86,000 |
| Credit History | 7 | $214,000 | $30,000 | $60,000 | $81,000 | $165,000 |
| Credit Application Incomplete | 2 | $270,000 | $135,000 | $210,000 | $56,000 | $90,000 |
| Other | 2 | $614,000 | $307,000 | $314,000 | $62,000 | $124,000 |
| 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 2009 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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