American Trust & Savings Bank Mortgage Lending & HMDA Data, 2003
In 2003, American Trust & Savings Bank of Whiting, IN reported 310 mortgage applications totaling $32.0 million. The average application was for $103,309, and applicants reported an average income of $65,245. 93% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Gary, IN (291) and Chicago, IL (16).
| Mortgage Company & Address | American Trust & Savings Bank 1321 119th Street Whiting, IN 46394 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 310 |
| Total Mortgage Loan Application Amount | $32,026,000 |
| Average Mortgage Loan Application Amount | $103,309 |
| Highest Mortgage Loan Application Amount | $485,000 |
| Average Applicant Income | $65,245 |
| Highest Applicant Income | $811,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records American Trust & Savings Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Lake, Indiana | 235 | $ 22,636,000 | $ 96,323 | $ 58,000 |
| Porter, Indiana | 56 | $ 7,434,000 | $ 132,750 | $ 88,000 |
| Cook, Illinois | 16 | $ 1,614,000 | $ 100,875 | $ 104,000 |
| Newton, Indiana | 2 | $ 244,000 | $ 122,000 | $ 54,000 |
| Starke, Indiana | 1 | $ 98,000 | $ 98,000 | $ 71,000 |
Mortgage Loan Application Detail Totals for American Trust & Savings Bank 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) | 245 | $24,816,000 | $100,500 | $485,000 | $58,500 | $420,000 |
| Home Purchase (one-to-four family) | 65 | $7,210,000 | $107,500 | $275,000 | $183,000 | $811,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 0 | $0 | $0 | $0 | $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 | 277 | $28,835,000 | $102,000 | $485,000 | $96,000 | $811,000 |
| Hispanic | 24 | $2,306,000 | $97,000 | $205,000 | $65,000 | $125,000 |
| Other | 5 | $459,000 | $91,000 | $152,000 | $40,000 | $135,000 |
| Black | 3 | $244,000 | $88,500 | $110,000 | $60,000 | $81,000 |
| Asian or Pacific Islander | 1 | $182,000 | $182,000 | $182,000 | $119,000 | $119,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Information not provided by applicant in mail or telephone application | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 310 | $32,026,000 | $101,500 | $485,000 | $84,500 | $811,000 |
| 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 | 288 | $29,641,000 | $103,500 | $485,000 | $97,000 | $811,000 |
| Application Denied By Financial Institution | 13 | $1,337,000 | $71,500 | $240,000 | $27,500 | $104,000 |
| Application Withdrawn By Applicant | 8 | $848,000 | $106,000 | $200,000 | $62,000 | $124,000 |
| Application Approved But Not Accepted | 1 | $200,000 | $200,000 | $200,000 | $208,000 | $208,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $634,000 | $77,000 | $240,000 | $24,000 | $104,000 |
| Credit History | 3 | $275,000 | $91,000 | $132,000 | $68,000 | $81,000 |
| Collateral | 2 | $228,000 | $114,000 | $148,000 | $42,000 | $50,000 |
| Debt-To-Income Ratio | 1 | $120,000 | $120,000 | $120,000 | $21,000 | $21,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into American Trust & Savings Bank'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 American Trust & Savings Bank'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.
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