Belmont Bank & Trust Company Mortgage Lending & HMDA Data, 2008
In 2008, Belmont Bank & Trust Company of Chicago, IL reported 63 mortgage applications totaling $31.4 million. The average application was for $499,095, and applicants reported an average income of $116,650. 70% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Chicago-Naperville-Joliet, IL (59), Lake County-Kenosha County, IL-WI (1) and Niles-Benton Harbor, MI (1) (applications in parentheses).
| Mortgage Company & Address | Belmont Bank & Trust Company 8250 W Belmont Ave Chicago, IL 60634 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 |
| Total Number of Mortgage Applications | 63 |
| Total Mortgage Loan Application Amount | $31,443,000 |
| Average Mortgage Loan Application Amount | $499,095 |
| Highest Mortgage Loan Application Amount | $4,000,000 |
| Average Applicant Income | $116,650 |
| Highest Applicant Income | $1,045,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Belmont Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Cook, Illinois | 54 | $ 28,473,000 | $ 527,277 | $ 90,000 |
| DuPage, Illinois | 2 | $ 918,000 | $ 459,000 | $ 132,000 |
| Will, Illinois | 2 | $ 403,000 | $ 201,500 | $ 428,000 |
| DeKalb, Illinois | 1 | $ 250,000 | $ 250,000 | $ 94,000 |
| Lake, Illinois | 1 | $ 110,000 | $ 110,000 | $ 45,000 |
| Berrien, Michigan | 1 | $ 403,000 | $ 403,000 | $ 710,000 |
| Leelanau, Michigan | 1 | $ 446,000 | $ 446,000 | $ 264,000 |
| Walworth, Wisconsin | 1 | $ 440,000 | $ 440,000 | $ 273,000 |
Mortgage Loan Application Detail Totals for Belmont Bank & Trust Company 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 33 | $17,312,000 | $524,000 | $4,000,000 | $138,000 | $1,045,000 |
| Refinancing | 25 | $11,256,000 | $450,000 | $1,641,000 | $108,000 | $710,000 |
| Home Improvement | 5 | $2,875,000 | $575,000 | $1,080,000 | $19,000 | $97,000 |
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 | 36 | $14,148,000 | $393,000 | $1,668,000 | $191,000 | $1,045,000 |
| Not applicable | 13 | $9,446,000 | $726,000 | $1,500,000 | $0 | $0 |
| Hispanic | 8 | $2,212,000 | $276,000 | $759,000 | $52,000 | $116,000 |
| Asian | 3 | $1,328,000 | $442,000 | $600,000 | $7,000 | $22,000 |
| Not Provided | 2 | $4,184,000 | $2,092,000 | $4,000,000 | $32,000 | $65,000 |
| Black or African American | 1 | $125,000 | $125,000 | $125,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 63 | $31,443,000 | $499,000 | $4,000,000 | $117,000 | $1,045,000 |
| 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 | 44 | $22,311,000 | $507,000 | $1,668,000 | $146,000 | $1,045,000 |
| Application Denied By Financial Institution | 14 | $7,580,000 | $541,000 | $4,000,000 | $46,000 | $102,000 |
| Application Approved But Not Accepted | 3 | $1,249,000 | $416,000 | $500,000 | $70,000 | $115,000 |
| Application Withdrawn By Applicant | 2 | $303,000 | $151,000 | $176,000 | $37,000 | $65,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 8 | $2,449,000 | $306,000 | $759,000 | $52,000 | $102,000 |
| Credit History | 4 | $1,072,000 | $268,000 | $364,000 | $39,000 | $65,000 |
| Employment History | 1 | $59,000 | $59,000 | $59,000 | $71,000 | $71,000 |
| Other | 1 | $4,000,000 | $4,000,000 | $4,000,000 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Belmont Bank & Trust Company's 2008 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 Belmont Bank & Trust Company'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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