Citizens Bank & Trust Mortgage Lending & HMDA Data, 2009
In 2009, Citizens Bank & Trust of Chicago, IL reported 15 mortgage applications totaling $3.2 million, up 36% from 2008. The average application was for $213,533, and applicants reported an average income of $79,066. 47% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Chicago-Naperville-Joliet, IL (14) and Tampa-St. Petersburg-Clearwater, FL (1).
| Mortgage Company & Address | Citizens Bank & Trust 5700 N Central Avenue Chicago, IL 60646 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 15 |
| Total Mortgage Loan Application Amount | $3,203,000 |
| Average Mortgage Loan Application Amount | $213,533 |
| Highest Mortgage Loan Application Amount | $745,000 |
| Average Applicant Income | $79,066 |
| Highest Applicant Income | $286,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Citizens Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| 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 | 14 | $ 2,997,000 | $ 214,071 | $ 80,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 206,000 | $ 206,000 | $ 58,000 |
Mortgage Loan Application Detail Totals for Citizens 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 10 | $1,713,000 | $171,000 | $350,000 | $68,000 | $212,000 |
| Refinancing | 4 | $1,090,000 | $272,000 | $745,000 | $55,000 | $183,000 |
| Home Improvement | 1 | $400,000 | $400,000 | $400,000 | $286,000 | $286,000 |
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 | 9 | $1,848,000 | $205,000 | $745,000 | $81,000 | $212,000 |
| Not applicable | 2 | $290,000 | $145,000 | $240,000 | $0 | $0 |
| Black or African American | 2 | $315,000 | $157,000 | $215,000 | $55,000 | $65,000 |
| Asian | 1 | $350,000 | $350,000 | $350,000 | $62,000 | $62,000 |
| Not Provided | 1 | $400,000 | $400,000 | $400,000 | $286,000 | $286,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 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) | 15 | $3,203,000 | $213,000 | $745,000 | $79,000 | $286,000 |
| 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 | $866,000 | $123,000 | $240,000 | $36,000 | $212,000 |
| Application Approved But Not Accepted | 3 | $617,000 | $205,000 | $311,000 | $111,000 | $211,000 |
| Application Denied By Financial Institution | 3 | $1,240,000 | $413,000 | $745,000 | $169,000 | $286,000 |
| Application Withdrawn By Applicant | 2 | $480,000 | $240,000 | $350,000 | $44,000 | $62,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 2 | $495,000 | $247,000 | $400,000 | $162,000 | $286,000 |
| Credit History | 1 | $745,000 | $745,000 | $745,000 | $183,000 | $183,000 |
| Debt-To-Income Ratio | 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 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Citizens 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 Citizens 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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with aggregated HMDA statistics today.
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