Charter National Bank & Trust Mortgage Lending & HMDA Data, 2009
In 2009, Charter National Bank & Trust of Hoffman Estates, IL reported 37 mortgage applications totaling $10.1 million, down 5% from 2008. The average application was for $273,135, and applicants reported an average income of $107,675. 51% of its applications resulted in an originated loan and 30% were denied. Its largest markets were Chicago-Naperville-Joliet, IL (34) and Lake County-Kenosha County, IL-WI (2).
| Mortgage Company & Address | Charter National Bank & Trust 2200 W. Higgins Road Hoffman Estates, IL 60169 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 | 37 |
| Total Mortgage Loan Application Amount | $10,106,000 |
| Average Mortgage Loan Application Amount | $273,135 |
| Highest Mortgage Loan Application Amount | $2,000,000 |
| Average Applicant Income | $107,675 |
| Highest Applicant Income | $857,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Charter National Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 26 | $ 7,702,000 | $ 296,230 | $ 130,000 |
| DuPage, Illinois | 3 | $ 1,175,000 | $ 391,666 | $ 0 |
| Kane, Illinois | 3 | $ 642,000 | $ 214,000 | $ 54,000 |
| Lake, Illinois | 2 | $ 271,000 | $ 135,500 | $ 121,000 |
| McHenry, Illinois | 2 | $ 86,000 | $ 43,000 | $ 55,000 |
| Waushara, Wisconsin | 1 | $ 230,000 | $ 230,000 | $ 95,000 |
Mortgage Loan Application Detail Totals for Charter National Bank & Trust in 2009
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 | 25 | $8,727,000 | $349,000 | $2,000,000 | $108,000 | $857,000 |
| Home Improvement | 6 | $149,000 | $24,000 | $50,000 | $78,000 | $117,000 |
| Home Purchase | 6 | $1,230,000 | $205,000 | $289,000 | $136,000 | $238,000 |
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 | 19 | $5,005,000 | $263,000 | $2,000,000 | $126,000 | $857,000 |
| Not applicable | 7 | $3,344,000 | $477,000 | $1,000,000 | $25,000 | $178,000 |
| Hispanic | 7 | $1,034,000 | $147,000 | $230,000 | $113,000 | $236,000 |
| Asian | 2 | $363,000 | $181,000 | $315,000 | $90,000 | $117,000 |
| Not Provided | 2 | $360,000 | $180,000 | $289,000 | $223,000 | $238,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 37 | $10,106,000 | $273,000 | $2,000,000 | $108,000 | $857,000 |
| 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 | 19 | $3,147,000 | $165,000 | $750,000 | $130,000 | $857,000 |
| Application Denied By Financial Institution | 11 | $4,749,000 | $431,000 | $2,000,000 | $106,000 | $362,000 |
| Application Withdrawn By Applicant | 5 | $1,714,000 | $342,000 | $1,000,000 | $39,000 | $119,000 |
| Application Approved But Not Accepted | 2 | $496,000 | $248,000 | $280,000 | $81,000 | $116,000 |
| 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 | 3 | $2,431,000 | $810,000 | $2,000,000 | $56,000 | $90,000 |
| Collateral | 3 | $975,000 | $325,000 | $800,000 | $54,000 | $117,000 |
| Other | 2 | $830,000 | $415,000 | $600,000 | $228,000 | $362,000 |
| Credit History | 2 | $224,000 | $112,000 | $218,000 | $69,000 | $82,000 |
| Employment History | 1 | $289,000 | $289,000 | $289,000 | $238,000 | $238,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Charter National Bank & Trust's 2009 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 Charter National Bank & Trust'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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