Bankfinancial F.S.B Mortgage Lending & HMDA Data, 2005
In 2005, Bankfinancial F.S.B of Burr Ridge, IL reported 1,122 mortgage applications totaling $260.9 million, down 34% from 2004. The average application was for $232,518, and applicants reported an average income of $67,058. 60% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Chicago-Naperville-Joliet, IL (1,018), Lake County-Kenosha County, IL-WI (53) and Gary, IN (9) (applications in parentheses).
| Mortgage Company & Address | Bankfinancial F.S.B 15w060 North Frontage Rd Burr Ridge, IL 60527 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,122 |
| Total Mortgage Loan Application Amount | $260,886,000 |
| Average Mortgage Loan Application Amount | $232,518 |
| Highest Mortgage Loan Application Amount | $16,000,000 |
| Average Applicant Income | $67,058 |
| Highest Applicant Income | $1,200,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bankfinancial F.S.B filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Chicago-Naperville-Joliet, IL | 1,018 | $ 233,700,000 | $ 229,567 | $ 60,000 |
| Lake County-Kenosha County, IL-WI | 53 | $ 16,495,000 | $ 311,226 | $ 120,000 |
| Gary, IN | 9 | $ 2,003,000 | $ 222,555 | $ 51,000 |
| Kankakee-Bradley, IL | 5 | $ 964,000 | $ 192,800 | $ 80,000 |
| Rockford, IL | 5 | $ 819,000 | $ 163,800 | $ 34,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 2 | $ 1,733,000 | $ 866,500 | $ 0 |
| Niles-Benton Harbor, MI | 2 | $ 482,000 | $ 241,000 | $ 165,000 |
| Bloomington, IN | 1 | $ 165,000 | $ 165,000 | $ 41,000 |
| Iowa City, IA | 1 | $ 194,000 | $ 194,000 | $ 124,000 |
| Michigan City-La Porte, IN | 1 | $ 344,000 | $ 344,000 | $ 309,000 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 416,000 | $ 416,000 | $ 144,000 |
| Muskegon-Norton Shores, MI | 1 | $ 140,000 | $ 140,000 | $ 219,000 |
Mortgage Loan Application Detail Totals for Bankfinancial F.S.B 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 |
|---|---|---|---|---|---|---|
| Refinancing | 557 | $132,581,000 | $385,600 | $16,000,000 | $83,400 | $1,200,000 |
| Home Purchase | 505 | $124,961,000 | $190,800 | $6,000,000 | $110,600 | $748,000 |
| Home Improvement | 60 | $3,344,000 | $55,000 | $869,000 | $61,000 | $166,000 |
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 | 696 | $146,258,000 | $201,000 | $2,880,000 | $114,000 | $1,200,000 |
| Black or African American | 133 | $19,523,000 | $151,333 | $1,400,000 | $51,000 | $333,000 |
| Not Provided | 96 | $16,493,000 | $127,000 | $2,080,000 | $58,666 | $1,162,000 |
| Not applicable | 74 | $47,215,000 | $723,500 | $16,000,000 | $4,000 | $89,000 |
| Hispanic | 70 | $15,902,000 | $196,500 | $2,300,000 | $48,500 | $210,000 |
| Asian | 44 | $12,942,000 | $566,000 | $949,000 | $28,000 | $122,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $2,128,000 | $425,000 | $663,000 | $25,000 | $76,000 |
| American Indian or Alaskan Native | 4 | $425,000 | $106,000 | $159,000 | $45,000 | $66,000 |
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) | 1,122 | $260,886,000 | $299,428 | $16,000,000 | $90,571 | $1,200,000 |
| 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 | 677 | $161,399,000 | $366,000 | $16,000,000 | $104,166 | $1,200,000 |
| Loan Purchased By The Institution | 283 | $63,368,000 | $162,500 | $603,000 | $91,000 | $414,000 |
| Application Denied By Financial Institution | 48 | $10,433,000 | $217,000 | $2,880,000 | $54,000 | $305,000 |
| Application Withdrawn By Applicant | 43 | $14,582,000 | $339,000 | $2,300,000 | $100,000 | $1,162,000 |
| Application Approved But Not Accepted | 36 | $6,095,000 | $169,000 | $619,000 | $70,000 | $207,000 |
| File Closed For Incompleteness | 21 | $3,167,000 | $169,000 | $500,000 | $74,000 | $289,000 |
| Preapproval Denied by Financial Institution | 14 | $1,842,000 | $131,000 | $212,000 | $41,000 | $68,000 |
| 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 | 27 | $3,808,000 | $135,000 | $985,000 | $68,500 | $305,000 |
| Debt-To-Income Ratio | 21 | $2,621,000 | $126,500 | $212,000 | $39,500 | $134,000 |
| Other | 6 | $697,000 | $116,000 | $397,000 | $77,000 | $149,000 |
| Collateral | 5 | $4,521,000 | $904,000 | $2,880,000 | $9,000 | $49,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $628,000 | $275,500 | $475,000 | $16,000 | $48,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bankfinancial F.S.B'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 Bankfinancial F.S.B'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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