Yakima Federal S and L Mortgage Lending & HMDA Data, 2003
In 2003, Yakima Federal S and L of Yakima, WA reported 1,779 mortgage applications totaling $227.4 million. The average application was for $127,840, and applicants reported an average income of $78,668. 87% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Yakima, WA (798), Richland-Kennewick-Pasco, WA (674) and Portland-Vancouver, OR-WA (42) (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 | 1,779 |
| Total Mortgage Loan Application Amount | $227,428,000 |
| Average Mortgage Loan Application Amount | $127,840 |
| Highest Mortgage Loan Application Amount | $500,000 |
| Average Applicant Income | $78,668 |
| Highest Applicant Income | $673,000 |
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(HMDA) records Yakima Federal S and L filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Yakima Federal S and L 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) | 1,211 | $142,946,000 | $176,500 | $500,000 | $131,500 | $673,000 |
| Home Purchase (one-to-four family) | 565 | $83,485,000 | $189,000 | $500,000 | $104,000 | $600,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 3 | $997,000 | $332,000 | $470,000 | $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 | 1,497 | $194,460,000 | $182,500 | $500,000 | $118,000 | $673,000 |
| Hispanic | 165 | $14,567,000 | $88,000 | $279,000 | $38,000 | $221,000 |
| Not applicable | 78 | $12,801,000 | $164,000 | $470,000 | $208,000 | $600,000 |
| Asian or Pacific Islander | 19 | $2,370,000 | $124,000 | $238,000 | $74,000 | $167,000 |
| American Indian or Alaskan Native | 9 | $1,355,000 | $150,000 | $314,000 | $75,000 | $200,000 |
| Other | 8 | $1,466,000 | $183,000 | $353,000 | $86,000 | $250,000 |
| Black | 3 | $409,000 | $136,000 | $180,000 | $95,000 | $142,000 |
| Information not provided by applicant in mail or telephone application | 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) | 1,779 | $227,428,000 | $181,500 | $500,000 | $121,000 | $673,000 |
| 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 | 1,547 | $198,493,000 | $183,500 | $500,000 | $123,500 | $673,000 |
| Application Denied By Financial Institution | 127 | $15,226,000 | $119,000 | $300,000 | $52,000 | $195,000 |
| Application Withdrawn By Applicant | 71 | $8,882,000 | $142,000 | $302,000 | $155,000 | $598,000 |
| Application Approved But Not Accepted | 30 | $3,957,000 | $131,000 | $270,000 | $72,000 | $186,000 |
| File Closed For Incompleteness | 4 | $870,000 | $217,000 | $300,000 | $81,000 | $175,000 |
| 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 | 52 | $5,686,000 | $109,000 | $288,000 | $49,000 | $195,000 |
| Debt-To-Income Ratio | 33 | $3,879,000 | $117,000 | $290,000 | $32,000 | $65,000 |
| Collateral | 29 | $3,856,000 | $132,000 | $300,000 | $56,000 | $127,000 |
| Unverifiable Information | 4 | $533,000 | $133,000 | $264,000 | $52,000 | $155,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $321,000 | $107,000 | $125,000 | $87,000 | $121,000 |
| Mortgage Insurance Denied | 2 | $451,000 | $225,000 | $296,000 | $78,000 | $108,000 |
| Other | 2 | $340,000 | $170,000 | $300,000 | $78,000 | $126,000 |
| Credit Application Incomplete | 1 | $95,000 | $95,000 | $95,000 | $50,000 | $50,000 |
| Employment History | 1 | $65,000 | $65,000 | $65,000 | $33,000 | $33,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Yakima Federal S and L'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 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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