Citizens Bank & Trust Mortgage Lending & HMDA Data, 2004
In 2004, Citizens Bank & Trust of Chicago, IL reported 37 mortgage applications totaling $12.3 million, up 106% from 2003. The average application was for $331,756, and applicants reported an average income of $64,459. 62% of its applications resulted in an originated loan and 24% were denied. Its largest markets were Chicago-Naperville-Joliet, IL (34), Lake County-Kenosha County, IL-WI (2) and Rockford, IL (1) (applications in parentheses).
| 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 | 37 |
| Total Mortgage Loan Application Amount | $12,275,000 |
| Average Mortgage Loan Application Amount | $331,756 |
| Highest Mortgage Loan Application Amount | $1,718,000 |
| Average Applicant Income | $64,459 |
| Highest Applicant Income | $393,000 |
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(HMDA) records Citizens Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Citizens Bank & Trust in 2004
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 | 19 | $6,060,000 | $318,000 | $1,200,000 | $99,000 | $265,000 |
| Home Purchase | 15 | $6,019,000 | $401,000 | $1,718,000 | $24,000 | $393,000 |
| Home Improvement | 3 | $196,000 | $65,000 | $116,000 | $48,000 | $68,000 |
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 | 28 | $7,603,000 | $271,000 | $1,200,000 | $68,000 | $393,000 |
| Not applicable | 4 | $3,736,000 | $934,000 | $1,718,000 | $0 | $0 |
| Hispanic | 3 | $810,000 | $270,000 | $400,000 | $36,000 | $110,000 |
| Black or African American | 2 | $126,000 | $63,000 | $101,000 | $151,000 | $162,000 |
| Not Provided | 0 | $0 | $0 | $0 | $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 |
| Asian | 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 | $12,275,000 | $331,000 | $1,718,000 | $62,000 | $393,000 |
| 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 | 23 | $6,947,000 | $302,000 | $825,000 | $92,000 | $393,000 |
| Application Denied By Financial Institution | 9 | $3,829,000 | $425,000 | $1,718,000 | $33,000 | $151,000 |
| Application Withdrawn By Applicant | 4 | $1,289,000 | $322,000 | $713,000 | $31,000 | $77,000 |
| File Closed For Incompleteness | 1 | $210,000 | $210,000 | $210,000 | $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 | 4 | $435,000 | $108,000 | $220,000 | $46,000 | $151,000 |
| Debt-To-Income Ratio | 3 | $476,000 | $158,000 | $300,000 | $47,000 | $68,000 |
| Collateral | 1 | $1,200,000 | $1,200,000 | $1,200,000 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $1,718,000 | $1,718,000 | $1,718,000 | $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 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Citizens Bank & Trust's 2004 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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