Wings Financial Credit Union Mortgage Lending & HMDA Data, 2007

In 2007, Wings Financial Credit Union of Apple Valley, MN reported 681 mortgage applications totaling $153.0 million, up 36% from 2006. The average application was for $224,650, and applicants reported an average income of $85,292. 82% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (349), Detroit-Livonia-Dearborn, MI (21) and Seattle-Bellevue-Everett, WA (18) (applications in parentheses).

Mortgage Company & Address Wings Financial Credit Union
14985 Glazier Avenue
Apple Valley, MN 55124
Tel #: available with data download
Federal Regulator * available with data download
Years 2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 681
Total Mortgage Loan Application Amount $152,987,000
Average Mortgage Loan Application Amount $224,650
Highest Mortgage Loan Application Amount $1,075,000
Average Applicant Income $85,292
Highest Applicant Income $675,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Wings Financial Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Wings Financial Credit Union by County in 2007

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Dakota, Minnesota 143 $ 30,884,000 $ 215,972 $ 84,000
Hennepin, Minnesota 93 $ 19,421,000 $ 208,827 $ 84,000
Ramsey, Minnesota 29 $ 5,679,000 $ 195,827 $ 71,000
Scott, Minnesota 29 $ 7,046,000 $ 242,965 $ 80,000
Washington, Minnesota 22 $ 4,823,000 $ 219,227 $ 71,000
Wayne, Michigan 21 $ 3,071,000 $ 146,238 $ 62,000
King, Washington 16 $ 4,819,000 $ 301,187 $ 97,000
Shelby, Tennessee 14 $ 2,773,000 $ 198,071 $ 73,000
Maricopa, Arizona 10 $ 2,507,000 $ 250,700 $ 89,000
Wright, Minnesota 10 $ 2,390,000 $ 239,000 $ 80,000
Oakland, Michigan 8 $ 2,049,000 $ 256,125 $ 91,000
St. Louis, Minnesota 8 $ 1,528,000 $ 191,000 $ 65,000
Anchorage, Alaska 7 $ 2,076,000 $ 296,571 $ 109,000
Washtenaw, Michigan 7 $ 2,527,000 $ 361,000 $ 107,000
Anoka, Minnesota 7 $ 1,375,000 $ 196,428 $ 81,000
Rice, Minnesota 7 $ 1,255,000 $ 179,285 $ 50,000
St. Croix, Wisconsin 6 $ 1,379,000 $ 229,833 $ 61,000
Cobb, Georgia 5 $ 960,000 $ 192,000 $ 80,000
Pierce, Washington 5 $ 1,713,000 $ 342,600 $ 109,000
Lee, Florida 4 $ 857,000 $ 214,250 $ 85,000
Pinellas, Florida 4 $ 470,000 $ 117,500 $ 65,000
Carver, Minnesota 4 $ 936,000 $ 234,000 $ 130,000
Goodhue, Minnesota 4 $ 1,790,000 $ 447,500 $ 104,000
Polk, Wisconsin 4 $ 1,076,000 $ 269,000 $ 89,000
Pima, Arizona 3 $ 755,000 $ 251,666 $ 166,000
Los Angeles, California 3 $ 1,728,000 $ 576,000 $ 162,000
Sarasota, Florida 3 $ 961,000 $ 320,333 $ 155,000
Fayette, Georgia 3 $ 785,000 $ 261,666 $ 78,000
Honolulu, Hawaii 3 $ 625,000 $ 208,333 $ 64,000
Cook, Illinois 3 $ 919,000 $ 306,333 $ 115,000
Baltimore, Maryland 3 $ 973,000 $ 324,333 $ 79,000
Cass, Minnesota 3 $ 573,000 $ 191,000 $ 93,000
Chisago, Minnesota 3 $ 606,000 $ 202,000 $ 67,000
Milwaukee, Wisconsin 3 $ 445,000 $ 148,333 $ 93,000
Pinal, Arizona 2 $ 530,000 $ 265,000 $ 91,000
Yavapai, Arizona 2 $ 329,000 $ 164,500 $ 121,000
Orange, California 2 $ 955,000 $ 477,500 $ 143,000
San Diego, California 2 $ 883,000 $ 441,500 $ 181,000
Arapahoe, Colorado 2 $ 515,000 $ 257,500 $ 86,000
Broward, Florida 2 $ 451,000 $ 225,500 $ 136,000
Collier, Florida 2 $ 774,000 $ 387,000 $ 142,000
Walton, Florida 2 $ 335,000 $ 167,500 $ 66,000
Clayton, Georgia 2 $ 352,000 $ 176,000 $ 98,000
Fulton, Georgia 2 $ 456,000 $ 228,000 $ 68,000
Hendricks, Indiana 2 $ 239,000 $ 119,500 $ 39,000
Prince George's, Maryland 2 $ 560,000 $ 280,000 $ 51,000
Becker, Minnesota 2 $ 298,000 $ 149,000 $ 127,000
Crow Wing, Minnesota 2 $ 501,000 $ 250,500 $ 40,000
Douglas, Minnesota 2 $ 325,000 $ 162,500 $ 78,000
Le Sueur, Minnesota 2 $ 619,000 $ 309,500 $ 71,000
Nicollet, Minnesota 2 $ 603,000 $ 301,500 $ 125,000
Sherburne, Minnesota 2 $ 482,000 $ 241,000 $ 102,000
Camden, Missouri 2 $ 200,000 $ 100,000 $ 104,000
Gallatin, Montana 2 $ 263,000 $ 131,500 $ 167,000
Douglas, Nebraska 2 $ 286,000 $ 143,000 $ 101,000
Hamilton, Ohio 2 $ 450,000 $ 225,000 $ 115,000
Davidson, Tennessee 2 $ 524,000 $ 262,000 $ 115,000
Snohomish, Washington 2 $ 542,000 $ 271,000 $ 78,000
Barron, Wisconsin 2 $ 267,000 $ 133,500 $ 81,000
Waukesha, Wisconsin 2 $ 538,000 $ 269,000 $ 66,000
Madison, Alabama 1 $ 109,000 $ 109,000 $ 39,000
Morgan, Alabama 1 $ 103,000 $ 103,000 $ 49,000
Fairbanks North Star, Alaska 1 $ 97,000 $ 97,000 $ 69,000
Matanuska-Susitna, Alaska 1 $ 155,000 $ 155,000 $ 31,000
Navajo, Arizona 1 $ 201,000 $ 201,000 $ 79,000
Cleburne, Arkansas 1 $ 126,000 $ 126,000 $ 142,000
Craighead, Arkansas 1 $ 50,000 $ 50,000 $ 30,000
Alameda, California 1 $ 412,000 $ 412,000 $ 69,000
Riverside, California 1 $ 490,000 $ 490,000 $ 80,000
Boulder, Colorado 1 $ 416,000 $ 416,000 $ 119,000
Broomfield, Colorado 1 $ 234,000 $ 234,000 $ 32,000
Denver, Colorado 1 $ 261,000 $ 261,000 $ 83,000
Jefferson, Colorado 1 $ 200,000 $ 200,000 $ 133,000
Pueblo, Colorado 1 $ 100,000 $ 100,000 $ 48,000
New London, Connecticut 1 $ 321,000 $ 321,000 $ 165,000
Brevard, Florida 1 $ 50,000 $ 50,000 $ 48,000
Gulf, Florida 1 $ 257,000 $ 257,000 $ 83,000
Hillsborough, Florida 1 $ 204,000 $ 204,000 $ 38,000
Miami-Dade, Florida 1 $ 266,000 $ 266,000 $ 51,000
Osceola, Florida 1 $ 254,000 $ 254,000 $ 77,000
Palm Beach, Florida 1 $ 112,000 $ 112,000 $ 52,000
Pasco, Florida 1 $ 159,000 $ 159,000 $ 49,000
Seminole, Florida 1 $ 225,000 $ 225,000 $ 48,000
Volusia, Florida 1 $ 227,000 $ 227,000 $ 48,000
Coweta, Georgia 1 $ 465,000 $ 465,000 $ 192,000
Forsyth, Georgia 1 $ 330,000 $ 330,000 $ 88,000
Hall, Georgia 1 $ 160,000 $ 160,000 $ 36,000
Hancock, Georgia 1 $ 110,000 $ 110,000 $ 131,000
Henry, Georgia 1 $ 167,000 $ 167,000 $ 133,000
Paulding, Georgia 1 $ 146,000 $ 146,000 $ 110,000
Kauai, Hawaii 1 $ 900,000 $ 900,000 $ 190,000
Canyon, Idaho 1 $ 365,000 $ 365,000 $ 60,000
Kane, Illinois 1 $ 234,000 $ 234,000 $ 91,000
Whiteside, Illinois 1 $ 216,000 $ 216,000 $ 45,000
Monroe, Indiana 1 $ 159,000 $ 159,000 $ 177,000
Jones, Iowa 1 $ 159,000 $ 159,000 $ 50,000
Sedgwick, Kansas 1 $ 126,000 $ 126,000 $ 63,000
Anne Arundel, Maryland 1 $ 465,000 $ 465,000 $ 117,000
Dorchester, Maryland 1 $ 250,000 $ 250,000 $ 117,000
Howard, Maryland 1 $ 207,000 $ 207,000 $ 62,000
Middlesex, Massachusetts 1 $ 351,000 $ 351,000 $ 105,000
Calhoun, Michigan 1 $ 320,000 $ 320,000 $ 121,000
Genesee, Michigan 1 $ 79,000 $ 79,000 $ 45,000
Ingham, Michigan 1 $ 78,000 $ 78,000 $ 47,000
Kalamazoo, Michigan 1 $ 185,000 $ 185,000 $ 37,000
Kent, Michigan 1 $ 198,000 $ 198,000 $ 48,000
Livingston, Michigan 1 $ 209,000 $ 209,000 $ 134,000
Monroe, Michigan 1 $ 360,000 $ 360,000 $ 74,000
Ogemaw, Michigan 1 $ 59,000 $ 59,000 $ 45,000
Aitkin, Minnesota 1 $ 120,000 $ 120,000 $ 49,000
Blue Earth, Minnesota 1 $ 140,000 $ 140,000 $ 675,000
Cook, Minnesota 1 $ 107,000 $ 107,000 $ 78,000
Isanti, Minnesota 1 $ 194,000 $ 194,000 $ 56,000
Itasca, Minnesota 1 $ 330,000 $ 330,000 $ 125,000
Morrison, Minnesota 1 $ 200,000 $ 200,000 $ 83,000
Olmsted, Minnesota 1 $ 132,000 $ 132,000 $ 163,000
Pine, Minnesota 1 $ 189,000 $ 189,000 $ 76,000
Pope, Minnesota 1 $ 50,000 $ 50,000 $ 185,000
Steele, Minnesota 1 $ 163,000 $ 163,000 $ 53,000
Swift, Minnesota 1 $ 74,000 $ 74,000 $ 35,000
DeSoto, Mississippi 1 $ 200,000 $ 200,000 $ 70,000
Lafayette, Mississippi 1 $ 120,000 $ 120,000 $ 53,000
Clay, Missouri 1 $ 133,000 $ 133,000 $ 38,000
Pettis, Missouri 1 $ 89,000 $ 89,000 $ 187,000
Platte, Missouri 1 $ 100,000 $ 100,000 $ 58,000
Lewis and Clark, Montana 1 $ 90,000 $ 90,000 $ 37,000
Missoula, Montana 1 $ 200,000 $ 200,000 $ 51,000
Washoe, Nevada 1 $ 465,000 $ 465,000 $ 144,000
Eddy, New Mexico 1 $ 84,000 $ 84,000 $ 46,000
Columbia, New York 1 $ 163,000 $ 163,000 $ 58,000
Kings, New York 1 $ 380,000 $ 380,000 $ 150,000
New York, New York 1 $ 200,000 $ 200,000 $ 47,000
Onondaga, New York 1 $ 297,000 $ 297,000 $ 181,000
Oswego, New York 1 $ 119,000 $ 119,000 $ 60,000
Putnam, New York 1 $ 180,000 $ 180,000 $ 58,000
Queens, New York 1 $ 220,000 $ 220,000 $ 114,000
Carteret, North Carolina 1 $ 500,000 $ 500,000 $ 113,000
Duplin, North Carolina 1 $ 97,000 $ 97,000 $ 25,000
Forsyth, North Carolina 1 $ 52,000 $ 52,000 $ 71,000
Lincoln, North Carolina 1 $ 294,000 $ 294,000 $ 149,000
Mecklenburg, North Carolina 1 $ 113,000 $ 113,000 $ 20,000
Wake, North Carolina 1 $ 276,000 $ 276,000 $ 95,000
Grand Forks, North Dakota 1 $ 137,000 $ 137,000 $ 46,000
Ashtabula, Ohio 1 $ 121,000 $ 121,000 $ 22,000
Huron, Ohio 1 $ 200,000 $ 200,000 $ 150,000
Oklahoma, Oklahoma 1 $ 182,000 $ 182,000 $ 99,000
Roger Mills, Oklahoma 1 $ 115,000 $ 115,000 $ 74,000
Wagoner, Oklahoma 1 $ 101,000 $ 101,000 $ 52,000
Deschutes, Oregon 1 $ 175,000 $ 175,000 $ 53,000
Lane, Oregon 1 $ 265,000 $ 265,000 $ 125,000
Charleston, South Carolina 1 $ 134,000 $ 134,000 $ 99,000
Union, South Dakota 1 $ 450,000 $ 450,000 $ 175,000
Coffee, Tennessee 1 $ 93,000 $ 93,000 $ 44,000
Roane, Tennessee 1 $ 317,000 $ 317,000 $ 92,000
Williamson, Tennessee 1 $ 290,000 $ 290,000 $ 85,000
Wilson, Tennessee 1 $ 300,000 $ 300,000 $ 158,000
Bexar, Texas 1 $ 465,000 $ 465,000 $ 169,000
Brazoria, Texas 1 $ 106,000 $ 106,000 $ 40,000
Tarrant, Texas 1 $ 156,000 $ 156,000 $ 46,000
San Juan, Utah 1 $ 400,000 $ 400,000 $ 322,000
Loudoun, Virginia 1 $ 327,000 $ 327,000 $ 79,000
Prince William, Virginia 1 $ 300,000 $ 300,000 $ 126,000
Kitsap, Washington 1 $ 200,000 $ 200,000 $ 42,000
Walla Walla, Washington 1 $ 246,000 $ 246,000 $ 84,000
Bayfield, Wisconsin 1 $ 220,000 $ 220,000 $ 15,000
Dane, Wisconsin 1 $ 171,000 $ 171,000 $ 160,000
Dunn, Wisconsin 1 $ 90,000 $ 90,000 $ 102,000
Eau Claire, Wisconsin 1 $ 156,000 $ 156,000 $ 66,000
Ozaukee, Wisconsin 1 $ 165,000 $ 165,000 $ 50,000
Sawyer, Wisconsin 1 $ 527,000 $ 527,000 $ 0
Washburn, Wisconsin 1 $ 200,000 $ 200,000 $ 97,000
Winnebago, Wisconsin 1 $ 145,000 $ 145,000 $ 118,000

Mortgage Loan Application Detail Totals for Wings Financial Credit Union 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
Refinancing 407 $90,612,000 $222,000 $900,000 $82,000 $660,000
Home Purchase 266 $60,936,000 $229,000 $1,075,000 $91,000 $675,000
Home Improvement 8 $1,439,000 $179,000 $653,000 $63,000 $133,000

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 500 $114,449,000 $228,000 $1,075,000 $88,000 $675,000
Not Provided 138 $30,057,000 $217,000 $650,000 $82,000 $193,000
Black or African American 19 $3,801,000 $200,000 $438,000 $52,000 $138,000
Hispanic 15 $2,922,000 $194,000 $333,000 $67,000 $162,000
Asian 6 $1,103,000 $183,000 $324,000 $58,000 $89,000
Native Hawaiian or Other Pacific Islander 2 $517,000 $258,000 $364,000 $88,000 $145,000
American Indian or Alaskan Native 1 $138,000 $138,000 $138,000 $92,000 $92,000
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) 681 $152,987,000 $224,000 $1,075,000 $85,000 $675,000
FHA-insured (Federal Housing Administration) 0 $0 $0 $0 $0 $0
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 557 $124,116,000 $222,000 $1,075,000 $88,000 $675,000
Application Denied By Financial Institution 77 $17,650,000 $229,000 $650,000 $65,000 $135,000
Application Approved But Not Accepted 27 $6,437,000 $238,000 $484,000 $94,000 $495,000
Preapproval Denied by Financial Institution 20 $4,784,000 $239,000 $560,000 $70,000 $165,000
Application Withdrawn By Applicant 0 $0 $0 $0 $0 $0
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

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 45 $9,203,000 $204,000 $490,000 $69,000 $138,000
Debt-To-Income Ratio 30 $7,989,000 $266,000 $650,000 $59,000 $135,000
Collateral 14 $3,087,000 $220,000 $560,000 $75,000 $165,000
Insufficient Cash (Downpayment, Closing Cost) 3 $746,000 $248,000 $280,000 $65,000 $85,000
Other 1 $278,000 $278,000 $278,000 $83,000 $83,000
Unverifiable Information 1 $417,000 $417,000 $417,000 $36,000 $36,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Wings Financial Credit Union'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 Wings Financial Credit Union'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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