Chicago-Naperville-Joliet, IL Metro Area Mortgage Lenders & HMDA Data, 2008
In 2008, lenders reported 509,666 mortgage applications in Chicago-Naperville-Joliet, IL metro area totaling $120.2 billion, down 35% from 2007. The average application was for $235,776, and applicants reported an average income of $94,000. 42% of applications resulted in an originated loan and 22% were denied. The most active lender was JPMorgan Chase Bank, NA, with 61,010 applications, followed by Countrywide Bank FSB and Citimortgage, Inc.
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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 | 509,666 |
| Total Mortgage Loan Application Amount | $120,167,365,000 |
| Average Mortgage Loan Application Amount | $235,776 |
| Highest Mortgage Loan Application Amount | $53,655,000 |
| Average Applicant Income | $94,000 |
| Highest Applicant Income | $9,999,000 |
Top Mortgage Lenders in Chicago-Naperville-Joliet, IL Metro Area (2008)
Ranked by the number of mortgage applications each lender reported in Chicago-Naperville-Joliet, IL metro area in 2008.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | JPMorgan Chase Bank, NA Columbus, OH |
61,010 | $14,961,401,000 | $245,000 | $87,000 |
| 2 | Countrywide Bank FSB Westlake Village, CA |
49,441 | $11,401,947,000 | $230,000 | $94,000 |
| 3 | Citimortgage, Inc New York, NY |
32,393 | $7,964,493,000 | $245,000 | $105,000 |
| 4 | Wells Fargo Bank, NA Des Moines, IA |
28,666 | $7,002,934,000 | $244,000 | $106,000 |
| 5 | Bank of America, N.A. Calabasas, CA |
14,218 | $3,176,858,000 | $223,000 | $129,000 |
| 6 | Gmac Mortgage LLC Ft. Washington, PA |
13,202 | $3,076,238,000 | $233,000 | $38,000 |
| 7 | Harris N.A. Chicago, IL |
11,939 | $2,363,594,000 | $197,000 | $123,000 |
| 8 | Hfc Company LLC Mettawa, IL |
11,372 | $2,406,855,000 | $211,000 | $81,000 |
| 9 | National City Bank Cleveland, OH |
10,468 | $2,330,917,000 | $222,000 | $102,000 |
| 10 | Fifth Third Mortgage Company Cincinnati, OH |
10,428 | $2,610,206,000 | $250,000 | $101,000 |
See every lender active in Chicago-Naperville-Joliet, IL metro area in 2008 »
The tables below break down 2008 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 2008
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 | 327,418 | $79,580,059,000 | $243,000 | $53,655,000 | $92,000 | $9,999,000 |
| Home Purchase | 151,919 | $37,519,775,000 | $246,000 | $17,700,000 | $102,000 | $9,999,000 |
| Home Improvement | 30,329 | $3,067,531,000 | $101,000 | $14,400,000 | $79,000 | $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 | 272,034 | $67,500,580,000 | $248,000 | $8,500,000 | $110,000 | $9,999,000 |
| Black or African American | 63,909 | $10,933,467,000 | $171,000 | $3,300,000 | $69,000 | $9,999,000 |
| Hispanic | 62,074 | $12,250,397,000 | $197,000 | $5,150,000 | $67,000 | $6,047,000 |
| Not applicable | 42,602 | $12,748,892,000 | $299,000 | $53,655,000 | $41,000 | $7,132,000 |
| Not Provided | 41,245 | $9,417,135,000 | $228,000 | $14,000,000 | $110,000 | $9,999,000 |
| Asian | 25,363 | $6,747,830,000 | $266,000 | $3,543,000 | $113,000 | $6,295,000 |
| Native Hawaiian or Other Pacific Islander | 1,462 | $363,429,000 | $248,000 | $1,613,000 | $103,000 | $1,300,000 |
| American Indian or Alaskan Native | 977 | $205,635,000 | $210,000 | $1,250,000 | $97,000 | $3,500,000 |
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) | 425,685 | $102,803,487,000 | $241,000 | $53,655,000 | $101,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) | 81,138 | $16,762,683,000 | $206,000 | $13,345,000 | $62,000 | $6,047,000 |
| VA-guaranteed (Veterans Administration) | 2,658 | $571,337,000 | $214,000 | $690,000 | $50,000 | $330,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 185 | $29,858,000 | $161,000 | $372,000 | $38,000 | $127,000 |
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 | 212,896 | $52,048,333,000 | $244,000 | $53,655,000 | $107,000 | $9,999,000 |
| Application Denied By Financial Institution | 111,434 | $23,897,414,000 | $214,000 | $19,000,000 | $88,000 | $9,999,000 |
| Loan Purchased By The Institution | 103,000 | $25,008,761,000 | $242,000 | $26,144,000 | $66,000 | $6,442,000 |
| Application Withdrawn By Applicant | 36,395 | $8,530,928,000 | $234,000 | $14,500,000 | $101,000 | $9,999,000 |
| Application Approved But Not Accepted | 30,697 | $7,146,729,000 | $232,000 | $12,350,000 | $109,000 | $9,999,000 |
| File Closed For Incompleteness | 15,128 | $3,513,218,000 | $232,000 | $7,500,000 | $106,000 | $9,999,000 |
| Preapproval Denied by Financial Institution | 115 | $21,814,000 | $189,000 | $492,000 | $62,000 | $265,000 |
| Preapproval Approved but not Accepted | 1 | $168,000 | $168,000 | $168,000 | $85,000 | $85,000 |
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 |
|---|---|---|---|---|---|---|
| Collateral | 21,027 | $4,953,323,000 | $235,000 | $6,560,000 | $107,000 | $9,999,000 |
| Debt-To-Income Ratio | 19,212 | $4,258,140,000 | $221,000 | $6,672,000 | $68,000 | $2,097,000 |
| Credit History | 17,622 | $2,650,205,000 | $150,000 | $8,200,000 | $80,000 | $9,900,000 |
| Other | 8,915 | $2,152,552,000 | $241,000 | $11,037,000 | $109,000 | $4,200,000 |
| Credit Application Incomplete | 8,594 | $2,017,806,000 | $234,000 | $3,300,000 | $102,000 | $3,000,000 |
| Unverifiable Information | 5,459 | $1,373,553,000 | $251,000 | $13,400,000 | $106,000 | $9,999,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1,212 | $297,441,000 | $245,000 | $2,400,000 | $94,000 | $1,000,000 |
| Employment History | 734 | $170,451,000 | $232,000 | $2,150,000 | $85,000 | $1,886,000 |
| Mortgage Insurance Denied | 457 | $103,520,000 | $226,000 | $828,000 | $83,000 | $552,000 |
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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