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| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
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MIDWEST BANK & TRUST CO
Mortgage Loans and Application Details
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| Mortgage Company Name |
MIDWEST BANK & TRUST CO |
| Address | 501 W NORTH AVE
MELROSE PARK, IL 60160 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 798 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $191,617,000 |
| Average Mortgage Loan Amount Applied For | $335,514 |
| Highest Mortgage Loan Amount Applied For | $2,200,000 |
| Average Applicant Income | $215,657 |
| Highest Applicant Income | $2,025,000 |
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| Home Improvement |
92 | $11,680,000 |
$126,000 | $660,000 |
$89,000 | $475,000 |
| Home Purchase |
349 | $84,849,000 |
$243,000 | $2,000,000 |
$127,000 | $2,025,000 |
| Refinancing |
401 | $103,888,000 |
$259,000 | $2,200,000 |
$141,000 | $1,382,000 |
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| American Indian or Alaskan Native |
7 | $1,277,000 |
$182,000 | $266,000 |
$61,000 | $72,000 |
| Asian |
28 | $6,933,000 |
$247,000 | $1,400,000 |
$112,000 | $581,000 |
| Black or African American |
30 | $3,830,000 |
$127,000 | $600,000 |
$50,000 | $183,000 |
| Hispanic |
88 | $17,409,000 |
$197,000 | $665,000 |
$111,000 | $1,366,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $209,000 |
$209,000 | $209,000 |
$93,000 | $93,000 |
| Not applicable |
28 | $9,096,000 |
$324,000 | $956,000 |
$3,000 | $45,000 |
| Not Provided |
90 | $32,633,000 |
$362,000 | $2,200,000 |
$216,000 | $1,045,000 |
| White |
570 | $129,030,000 |
$226,000 | $2,000,000 |
$131,000 | $2,025,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
842 | $200,417,000 |
$238,000 | $2,200,000 |
$129,000 | $2,025,000 |
| 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 |
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| Application Approved But Not Accepted |
61 | $19,584,000 |
$321,000 | $2,200,000 |
$159,000 | $1,500,000 |
| Application Denied By Financial Institution |
119 | $32,676,000 |
$274,000 | $1,550,000 |
$182,000 | $1,366,000 |
| Application Withdrawn By Applicant |
9 | $2,687,000 |
$298,000 | $1,462,000 |
$184,000 | $366,000 |
| File Closed For Incompleteness |
8 | $1,807,000 |
$225,000 | $350,000 |
$59,000 | $120,000 |
| Loan Originated |
532 | $124,891,000 |
$234,000 | $2,000,000 |
$131,000 | $2,025,000 |
| Loan Purchased By The Institution |
69 | $9,972,000 |
$144,000 | $315,000 |
$44,000 | $57,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
44 | $8,800,000 |
$200,000 | $470,000 |
$58,000 | $187,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
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 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MIDWEST BANK & TRUST CO by:
Metropolitan Area And
County
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