Yakima Federal S and L Mortgage Lending & HMDA Data, 2007
In 2007, Yakima Federal S and L of Yakima, WA reported 1,048 mortgage applications totaling $173.0 million, up 2% from 2006. The average application was for $165,037, and applicants reported an average income of $195,145. 81% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Yakima, WA (467), Kennewick-Richland-Pasco, WA (304) and Portland-Vancouver-Beaverton, OR-WA (60) (applications in parentheses).
| Mortgage Company & Address | Yakima Federal S and L 118 E Yakima Ave Yakima, WA 98901 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 | 1,048 |
| Total Mortgage Loan Application Amount | $172,959,000 |
| Average Mortgage Loan Application Amount | $165,037 |
| Highest Mortgage Loan Application Amount | $1,500,000 |
| Average Applicant Income | $195,145 |
| Highest Applicant Income | $5,663,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Yakima Federal S and L filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Yakima, WA | 467 | $ 67,693,000 | $ 144,952 | $ 239,000 |
| Kennewick-Richland-Pasco, WA | 304 | $ 46,976,000 | $ 154,526 | $ 144,000 |
| Portland-Vancouver-Beaverton, OR-WA | 60 | $ 22,579,000 | $ 376,316 | $ 287,000 |
| Bend, OR | 1 | $ 236,000 | $ 236,000 | $ 68,000 |
| Salem, OR | 1 | $ 224,000 | $ 224,000 | $ 72,000 |
Mortgage Loan Application Detail Totals for Yakima Federal S and L 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 Purchase | 669 | $129,624,000 | $193,000 | $1,500,000 | $244,000 | $5,663,000 |
| Refinancing | 241 | $32,455,000 | $134,000 | $684,000 | $110,000 | $913,000 |
| Home Improvement | 138 | $10,880,000 | $78,000 | $625,000 | $107,000 | $1,413,000 |
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 | 657 | $109,468,000 | $166,000 | $1,000,000 | $109,000 | $3,000,000 |
| Not applicable | 257 | $46,868,000 | $182,000 | $1,500,000 | $481,000 | $5,663,000 |
| Hispanic | 115 | $13,348,000 | $116,000 | $360,000 | $59,000 | $414,000 |
| Asian | 8 | $2,145,000 | $268,000 | $651,000 | $161,000 | $429,000 |
| Black or African American | 5 | $203,000 | $40,000 | $106,000 | $89,000 | $129,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $306,000 | $102,000 | $160,000 | $110,000 | $174,000 |
| American Indian or Alaskan Native | 3 | $621,000 | $207,000 | $321,000 | $89,000 | $112,000 |
| 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) | 1,041 | $172,198,000 | $165,000 | $1,500,000 | $196,000 | $5,663,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 7 | $761,000 | $108,000 | $165,000 | $49,000 | $78,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 848 | $143,344,000 | $169,000 | $1,500,000 | $224,000 | $5,663,000 |
| Preapproval Approved but not Accepted | 78 | $13,119,000 | $168,000 | $370,000 | $65,000 | $203,000 |
| Application Denied By Financial Institution | 58 | $7,224,000 | $124,000 | $398,000 | $50,000 | $170,000 |
| Application Withdrawn By Applicant | 33 | $5,412,000 | $164,000 | $640,000 | $119,000 | $674,000 |
| Application Approved But Not Accepted | 16 | $1,983,000 | $123,000 | $244,000 | $87,000 | $356,000 |
| Preapproval Denied by Financial Institution | 14 | $1,768,000 | $126,000 | $223,000 | $42,000 | $76,000 |
| File Closed For Incompleteness | 1 | $109,000 | $109,000 | $109,000 | $55,000 | $55,000 |
| 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 | 21 | $2,152,000 | $102,000 | $202,000 | $46,000 | $98,000 |
| Debt-To-Income Ratio | 21 | $2,404,000 | $114,000 | $240,000 | $36,000 | $98,000 |
| Collateral | 12 | $1,655,000 | $137,000 | $398,000 | $73,000 | $170,000 |
| Other | 10 | $1,455,000 | $145,000 | $320,000 | $45,000 | $111,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $713,000 | $237,000 | $335,000 | $72,000 | $86,000 |
| Mortgage Insurance Denied | 3 | $315,000 | $105,000 | $112,000 | $42,000 | $57,000 |
| Unverifiable Information | 1 | $220,000 | $220,000 | $220,000 | $76,000 | $76,000 |
| Credit Application Incomplete | 1 | $78,000 | $78,000 | $78,000 | $39,000 | $39,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Yakima Federal S and L'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 Yakima Federal S and L'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.
For a list of all lenders in Washington, download the full spreadsheet
with aggregated HMDA statistics today.
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