Bank Calument, NA Mortgage Lending & HMDA Data, 2005
In 2005, Bank Calument, NA of Hammond, IN reported 1,365 mortgage applications totaling $79.1 million, down 3% from 2004. The average application was for $57,934, and applicants reported an average income of $61,931. 40% of its applications resulted in an originated loan and 44% were denied. Its largest markets were Gary, IN (776), Chicago-Naperville-Joliet, IL (409) and Michigan City-La Porte, IN (6) (applications in parentheses).
| Mortgage Company & Address | Bank Calument, NA 5231 Hohman Avenue Hammond, IN 46320 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,365 |
| Total Mortgage Loan Application Amount | $79,081,000 |
| Average Mortgage Loan Application Amount | $57,934 |
| Highest Mortgage Loan Application Amount | $740,000 |
| Average Applicant Income | $61,931 |
| Highest Applicant Income | $907,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bank Calument, NA filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Gary, IN | 776 | $ 50,683,000 | $ 65,313 | $ 59,000 |
| Chicago-Naperville-Joliet, IL | 409 | $ 9,376,000 | $ 22,924 | $ 60,000 |
| Michigan City-La Porte, IN | 6 | $ 103,000 | $ 17,166 | $ 60,000 |
| Houston-Baytown-Sugar Land, TX | 1 | $ 355,000 | $ 355,000 | $ 380,000 |
| Kankakee-Bradley, IL | 1 | $ 12,000 | $ 12,000 | $ 90,000 |
Mortgage Loan Application Detail Totals for Bank Calument, NA in 2005
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 |
|---|---|---|---|---|---|---|
| Home Improvement | 724 | $7,328,000 | $9,500 | $638,000 | $55,500 | $232,000 |
| Home Purchase | 434 | $49,759,000 | $147,000 | $740,000 | $143,800 | $907,000 |
| Refinancing | 207 | $21,994,000 | $153,333 | $500,000 | $50,666 | $319,000 |
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 | 762 | $56,304,000 | $127,600 | $740,000 | $141,000 | $907,000 |
| Black or African American | 291 | $6,380,000 | $41,333 | $360,000 | $53,000 | $232,000 |
| Hispanic | 223 | $8,906,000 | $47,333 | $335,000 | $46,000 | $126,000 |
| Not Provided | 49 | $2,347,000 | $54,333 | $217,000 | $75,666 | $175,000 |
| Asian | 23 | $3,144,000 | $135,000 | $416,000 | $114,000 | $350,000 |
| Not applicable | 14 | $1,986,000 | $99,000 | $500,000 | $0 | $0 |
| American Indian or Alaskan Native | 3 | $14,000 | $5,500 | $9,000 | $57,500 | $91,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 1,365 | $79,081,000 | $122,000 | $740,000 | $141,400 | $907,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 596 | $12,314,000 | $35,000 | $431,000 | $41,666 | $232,000 |
| Loan Originated | 540 | $44,061,000 | $137,750 | $740,000 | $166,250 | $907,000 |
| Preapproval Denied by Financial Institution | 87 | $7,992,000 | $91,000 | $242,000 | $53,000 | $175,000 |
| Preapproval Approved but not Accepted | 75 | $9,535,000 | $127,000 | $650,000 | $120,000 | $425,000 |
| Application Approved But Not Accepted | 65 | $5,081,000 | $71,500 | $455,000 | $73,000 | $319,000 |
| Application Withdrawn By Applicant | 1 | $43,000 | $43,000 | $43,000 | $40,000 | $40,000 |
| File Closed For Incompleteness | 1 | $55,000 | $55,000 | $55,000 | $20,000 | $20,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 437 | $9,981,000 | $36,000 | $431,000 | $53,666 | $183,000 |
| Debt-To-Income Ratio | 186 | $7,779,000 | $53,000 | $242,000 | $46,000 | $232,000 |
| Collateral | 24 | $619,000 | $35,000 | $288,000 | $51,000 | $134,000 |
| Unverifiable Information | 12 | $668,000 | $61,666 | $188,000 | $53,000 | $105,000 |
| Other | 11 | $653,000 | $56,000 | $315,000 | $52,000 | $159,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $563,000 | $116,000 | $175,000 | $55,500 | $92,000 |
| Employment History | 5 | $29,000 | $6,000 | $9,000 | $57,000 | $86,000 |
| Credit Application Incomplete | 2 | $14,000 | $7,000 | $13,000 | $58,000 | $63,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bank Calument, NA's 2005 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 Bank Calument, NA'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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