Charter National Bank & Trust Mortgage Lending & HMDA Data, 2011
In 2011, Charter National Bank & Trust of Hoffman Estates, IL reported 11 mortgage applications totaling $1.8 million. The average application was for $164,545, and applicants reported an average income of $92,818. 64% of its applications resulted in an originated loan and 27% were denied. Its largest markets were Chicago-Joliet-Naperville, IL (10) and Lake County-Kenosha County, IL-WI (1).
| 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 | 2011 |
| Total Number of Mortgage Applications | 11 |
| Total Mortgage Loan Application Amount | $1,810,000 |
| Average Mortgage Loan Application Amount | $164,545 |
| Highest Mortgage Loan Application Amount | $464,000 |
| Average Applicant Income | $92,818 |
| Highest Applicant Income | $267,000 |
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records Charter National Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 9 | $ 1,183,000 | $ 131,444 | $ 113,000 |
| Lake, Illinois | 1 | $ 464,000 | $ 464,000 | $ 0 |
| McHenry, Illinois | 1 | $ 163,000 | $ 163,000 | $ 0 |
Mortgage Loan Application Detail Totals for Charter National Bank & Trust in 2011
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 | 7 | $1,363,000 | $194,000 | $464,000 | $112,000 | $267,000 |
| Home Purchase | 3 | $438,000 | $146,000 | $185,000 | $58,000 | $117,000 |
| Home Improvement | 1 | $9,000 | $9,000 | $9,000 | $63,000 | $63,000 |
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 | 6 | $592,000 | $98,000 | $185,000 | $133,000 | $267,000 |
| Not applicable | 2 | $627,000 | $313,000 | $464,000 | $0 | $0 |
| Asian | 2 | $426,000 | $213,000 | $338,000 | $112,000 | $167,000 |
| Hispanic | 1 | $165,000 | $165,000 | $165,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 11 | $1,810,000 | $164,000 | $464,000 | $93,000 | $267,000 |
| 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 | 7 | $1,463,000 | $209,000 | $464,000 | $119,000 | $267,000 |
| Application Denied By Financial Institution | 3 | $262,000 | $87,000 | $165,000 | $40,000 | $63,000 |
| Application Approved But Not Accepted | 1 | $85,000 | $85,000 | $85,000 | $65,000 | $65,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 1 | $88,000 | $88,000 | $88,000 | $58,000 | $58,000 |
| Debt-To-Income Ratio | 1 | $9,000 | $9,000 | $9,000 | $63,000 | $63,000 |
| Other | 1 | $165,000 | $165,000 | $165,000 | $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 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Charter National Bank & Trust's 2011 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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