Chicago-Naperville-Joliet, IL Metro Area Mortgage Lenders & HMDA Data, 2004
In 2004, lenders reported 984,954 mortgage applications in Chicago-Naperville-Joliet, IL metro area totaling $178.1 billion. The average application was for $180,853, and applicants reported an average income of $74,000. 47% of applications resulted in an originated loan and 17% were denied. The most active lender was Countrywide Home Loans, with 61,879 applications, followed by Ameriquest Mortgage Company and Washington Mutual Bank.
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| Years | 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 984,954 |
| Total Mortgage Loan Application Amount | $178,132,714,000 |
| Average Mortgage Loan Application Amount | $180,853 |
| Highest Mortgage Loan Application Amount | $99,999,000 |
| Average Applicant Income | $74,000 |
| Highest Applicant Income | $9,999,000 |
Top Mortgage Lenders in Chicago-Naperville-Joliet, IL Metro Area (2004)
Ranked by the number of mortgage applications each lender reported in Chicago-Naperville-Joliet, IL metro area in 2004.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Countrywide Home Loans Westlake Village, CA |
61,879 | $11,960,370,000 | $193,000 | $71,000 |
| 2 | Ameriquest Mortgage Company Orange, CA |
52,922 | $8,738,906,000 | $165,000 | $88,000 |
| 3 | Washington Mutual Bank Albion, NY |
47,052 | $9,816,703,000 | $208,000 | $66,000 |
| 4 | Argent Mortgage Company Orange, CA |
34,029 | $5,576,816,000 | $163,000 | $73,000 |
| 5 | Wells Fargo Bank, NA Des Moines, IA |
29,532 | $6,232,169,000 | $211,000 | $71,000 |
| 6 | National City Bank of Indiana Cleveland, OH |
24,222 | $4,539,209,000 | $187,000 | $63,000 |
| 7 | Lasalle Bank NA Chicago, IL |
24,008 | $4,637,559,000 | $193,000 | $68,000 |
| 8 | Aurora Bank FSB New York, NY |
23,710 | $4,233,058,000 | $178,000 | $61,000 |
| 9 | Citimortgage, Inc. Long Island City, NY |
20,858 | $4,195,662,000 | $201,000 | $79,000 |
| 10 | Gmac Mortgage LLC Ft. Washington, PA |
20,306 | $3,329,638,000 | $163,000 | $82,000 |
See every lender active in Chicago-Naperville-Joliet, IL metro area in 2004 »
The tables below break down 2004 mortgage applications in Chicago-Naperville-Joliet, IL metro area by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
Mortgage Loan Application Detail Totals for Chicago-Naperville-Joliet, IL in 2004
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 | 575,180 | $105,747,035,000 | $183,000 | $47,862,000 | $71,000 | $9,999,000 |
| Home Purchase | 356,654 | $68,090,221,000 | $190,000 | $99,999,000 | $77,000 | $9,999,000 |
| Home Improvement | 53,120 | $4,295,458,000 | $80,000 | $9,290,000 | $77,000 | $9,999,000 |
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 | 456,032 | $88,880,499,000 | $194,000 | $11,050,000 | $84,000 | $9,999,000 |
| Black or African American | 135,037 | $17,438,648,000 | $129,000 | $3,500,000 | $67,000 | $9,999,000 |
| Hispanic | 133,848 | $21,409,968,000 | $159,000 | $4,240,000 | $58,000 | $9,999,000 |
| Not Provided | 123,200 | $20,805,527,000 | $168,000 | $47,862,000 | $79,000 | $9,999,000 |
| Not applicable | 88,590 | $19,506,742,000 | $220,000 | $99,999,000 | $27,000 | $9,999,000 |
| Asian | 41,857 | $8,969,483,000 | $214,000 | $7,500,000 | $91,000 | $9,999,000 |
| American Indian or Alaskan Native | 3,267 | $531,176,000 | $162,000 | $1,934,000 | $76,000 | $2,400,000 |
| Native Hawaiian or Other Pacific Islander | 3,123 | $590,671,000 | $189,000 | $4,250,000 | $81,000 | $1,989,000 |
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) | 936,055 | $170,808,933,000 | $182,000 | $99,999,000 | $79,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) | 44,418 | $6,657,877,000 | $149,000 | $27,590,000 | $43,000 | $9,999,000 |
| VA-guaranteed (Veterans Administration) | 4,312 | $647,075,000 | $150,000 | $584,000 | $35,000 | $335,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 169 | $18,829,000 | $111,000 | $340,000 | $42,000 | $136,000 |
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 | 460,797 | $87,038,061,000 | $188,000 | $99,999,000 | $81,000 | $9,999,000 |
| Loan Purchased By The Institution | 170,462 | $33,209,376,000 | $194,000 | $3,500,000 | $52,000 | $9,999,000 |
| Application Denied By Financial Institution | 163,805 | $24,984,177,000 | $152,000 | $6,000,000 | $71,000 | $9,999,000 |
| Application Withdrawn By Applicant | 86,868 | $15,283,248,000 | $175,000 | $47,862,000 | $75,000 | $6,890,000 |
| Application Approved But Not Accepted | 72,909 | $12,253,615,000 | $168,000 | $8,000,000 | $75,000 | $4,167,000 |
| File Closed For Incompleteness | 30,113 | $5,364,237,000 | $178,000 | $5,200,000 | $74,000 | $9,708,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 45,679 | $7,464,261,000 | $163,000 | $4,240,000 | $78,000 | $8,000,000 |
| Credit History | 33,240 | $4,303,674,000 | $129,000 | $5,500,000 | $68,000 | $3,509,000 |
| Debt-To-Income Ratio | 19,103 | $2,906,568,000 | $152,000 | $4,000,000 | $58,000 | $9,999,000 |
| Collateral | 13,306 | $2,155,965,000 | $162,000 | $6,000,000 | $80,000 | $3,337,000 |
| Credit Application Incomplete | 13,016 | $2,193,038,000 | $168,000 | $4,000,000 | $77,000 | $9,999,000 |
| Unverifiable Information | 6,902 | $1,187,768,000 | $172,000 | $4,388,000 | $80,000 | $8,000,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1,775 | $329,507,000 | $185,000 | $3,350,000 | $72,000 | $2,400,000 |
| Employment History | 1,230 | $194,725,000 | $158,000 | $1,700,000 | $69,000 | $780,000 |
| Mortgage Insurance Denied | 80 | $18,168,000 | $227,000 | $825,000 | $80,000 | $564,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
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