Belmont Bank & Trust Company Mortgage Lending & HMDA Data, 2012
In 2012, Belmont Bank & Trust Company of Chicago, IL reported 19 mortgage applications totaling $4.8 million, down 47% from 2011. The average application was for $254,421, and applicants reported an average income of $68,842. 84% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Chicago-Joliet-Naperville, IL (18) and Niles-Benton Harbor, MI (1).
| 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 | 19 |
| Total Mortgage Loan Application Amount | $4,834,000 |
| Average Mortgage Loan Application Amount | $254,421 |
| Highest Mortgage Loan Application Amount | $750,000 |
| Average Applicant Income | $68,842 |
| Highest Applicant Income | $484,000 |
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records Belmont Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 17 | $ 4,236,000 | $ 249,176 | $ 56,000 |
| DuPage, Illinois | 1 | $ 310,000 | $ 310,000 | $ 91,000 |
| Berrien, Michigan | 1 | $ 288,000 | $ 288,000 | $ 254,000 |
Mortgage Loan Application Detail Totals for Belmont Bank & Trust Company in 2012
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 | 7 | $1,798,000 | $256,000 | $310,000 | $150,000 | $484,000 |
| Refinancing | 6 | $2,106,000 | $351,000 | $750,000 | $43,000 | $142,000 |
| Home Improvement | 6 | $930,000 | $155,000 | $260,000 | $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 | 13 | $2,334,000 | $179,000 | $310,000 | $65,000 | $484,000 |
| Not applicable | 3 | $1,566,000 | $522,000 | $750,000 | $0 | $0 |
| Hispanic | 2 | $788,000 | $394,000 | $500,000 | $198,000 | $254,000 |
| Not Provided | 1 | $146,000 | $146,000 | $146,000 | $64,000 | $64,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 19 | $4,834,000 | $254,000 | $750,000 | $69,000 | $484,000 |
| 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 | 16 | $3,798,000 | $237,000 | $550,000 | $77,000 | $484,000 |
| Application Denied By Financial Institution | 3 | $1,036,000 | $345,000 | $750,000 | $25,000 | $54,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Credit History | 1 | $750,000 | $750,000 | $750,000 | $0 | $0 |
| Debt-To-Income Ratio | 1 | $220,000 | $220,000 | $220,000 | $23,000 | $23,000 |
| Collateral | 1 | $66,000 | $66,000 | $66,000 | $54,000 | $54,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Belmont Bank & Trust Company's 2012 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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