Davenport-Moline-Rock Island, IA-IL Metro Area Mortgage Lenders & HMDA Data, 2009

In 2009, lenders reported 31,779 mortgage applications in Davenport-Moline-Rock Island, IA-IL metro area totaling $3.9 billion, up 24% from 2008. The average application was for $121,669, and applicants reported an average income of $65,195. 56% of applications resulted in an originated loan and 11% were denied. The most active lender was Wells Fargo Bank, NA, with 2,102 applications, followed by Wells Fargo Bank, NA and Valley Bank.

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Total Number of Mortgage Applications 31,779
Total Mortgage Loan Application Amount $3,866,528,000
Average Mortgage Loan Application Amount $121,669
Highest Mortgage Loan Application Amount $34,531,000
Average Applicant Income $65,195
Highest Applicant Income $9,999,000
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Top Mortgage Lenders in Davenport-Moline-Rock Island, IA-IL Metro Area (2009)

Ranked by the number of mortgage applications each lender reported in Davenport-Moline-Rock Island, IA-IL metro area in 2009.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Wells Fargo Bank, NA
Des Moines, IA
2,102 $346,989,000 $165,000 $83,000
2 Wells Fargo Bank, NA
Des Moines, IA
1,533 $171,107,000 $111,000 $65,000
3 Valley Bank
Moline, IL
1,150 $168,524,000 $146,000 $72,000
4 Vibrant Credit Union
Moline, IL
1,144 $89,283,000 $78,000 $71,000
5 I H Mississippi Valley Credit Union
Moline, IL
1,090 $74,988,000 $68,000 $59,000
6 Bank of America, N.A.
Calabasas, CA
1,025 $139,409,000 $136,000 $61,000
7 US Bank, N.A.
Milwaukee, WI
932 $142,494,000 $152,000 $63,000
8 Bank of America, N.A.
Calabasas, CA
891 $101,790,000 $114,000 $55,000
9 Triumph Community Bank NA
Moline, IL
684 $103,102,000 $150,000 $77,000
10 Ally Bank F/K/A/ Gmac Bank
Ft. Washington, PA
640 $100,494,000 $157,000 $16,000

See every lender active in Davenport-Moline-Rock Island, IA-IL metro area in 2009 »

The tables below break down 2009 mortgage applications in Davenport-Moline-Rock Island, IA-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 Davenport-Moline-Rock Island, IA-IL in 2009

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 20,405 $2,681,287,000 $131,000 $2,475,000 $69,000 $4,657,000
Home Purchase 8,765 $1,077,369,000 $122,000 $34,531,000 $57,000 $9,999,000
Home Improvement 2,609 $107,872,000 $41,000 $752,000 $63,000 $956,000

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 24,325 $2,905,294,000 $119,000 $1,521,000 $71,000 $9,999,000
Not applicable 3,807 $552,031,000 $145,000 $34,531,000 $29,000 $1,233,000
Not Provided 1,574 $198,962,000 $126,000 $612,000 $71,000 $742,000
Hispanic 1,075 $95,103,000 $88,000 $417,000 $53,000 $600,000
Black or African American 650 $65,091,000 $100,000 $878,000 $54,000 $750,000
Asian 256 $39,945,000 $156,000 $585,000 $90,000 $729,000
American Indian or Alaskan Native 64 $6,082,000 $95,000 $315,000 $64,000 $312,000
Native Hawaiian or Other Pacific Islander 28 $4,020,000 $143,000 $417,000 $73,000 $282,000

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) 22,635 $2,734,166,000 $120,000 $3,360,000 $74,000 $4,657,000
FHA-insured (Federal Housing Administration) 7,763 $939,733,000 $121,000 $34,531,000 $44,000 $9,999,000
VA-guaranteed (Veterans Administration) 992 $154,830,000 $156,000 $445,000 $43,000 $279,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 389 $37,799,000 $97,000 $275,000 $28,000 $239,000

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 17,679 $2,102,510,000 $118,000 $3,360,000 $73,000 $9,999,000
Loan Purchased By The Institution 6,677 $886,984,000 $132,000 $650,000 $43,000 $720,000
Application Denied By Financial Institution 3,400 $387,113,000 $113,000 $34,531,000 $59,000 $1,233,000
Application Withdrawn By Applicant 2,315 $292,205,000 $126,000 $5,088,000 $73,000 $1,333,000
Application Approved But Not Accepted 1,296 $148,130,000 $114,000 $970,000 $71,000 $780,000
File Closed For Incompleteness 411 $49,306,000 $119,000 $417,000 $66,000 $956,000
Preapproval Denied by Financial Institution 1 $280,000 $280,000 $280,000 $76,000 $76,000
Preapproval Approved but not Accepted 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 800 $58,058,000 $72,000 $1,495,000 $54,000 $840,000
Collateral 630 $85,265,000 $135,000 $1,500,000 $79,000 $656,000
Debt-To-Income Ratio 489 $51,335,000 $104,000 $1,370,000 $48,000 $956,000
Other 169 $50,984,000 $301,000 $34,531,000 $67,000 $497,000
Credit Application Incomplete 112 $14,186,000 $126,000 $972,000 $66,000 $510,000
Employment History 57 $5,688,000 $99,000 $320,000 $44,000 $145,000
Unverifiable Information 56 $6,694,000 $119,000 $417,000 $54,000 $260,000
Insufficient Cash (Downpayment, Closing Cost) 53 $7,088,000 $133,000 $420,000 $73,000 $204,000
Mortgage Insurance Denied 3 $356,000 $118,000 $162,000 $55,000 $65,000

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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