Columbia Mortgage & Funding Co Mortgage Lending & HMDA Data, 2005
In 2005, Columbia Mortgage & Funding Co of Chicago, IL reported 1,126 mortgage applications totaling $149.6 million, down 27% from 2004. The average application was for $132,901, and applicants reported an average income of $33,727. 53% of its applications resulted in an originated loan and 31% were denied. Its largest markets were Chicago-Naperville-Joliet, IL (1,007), Gary, IN (62) and Lake County-Kenosha County, IL-WI (39) (applications in parentheses).
| Mortgage Company & Address | Columbia Mortgage & Funding Co 3445 N. Central Ave. Chicago, IL 60634 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,126 |
| Total Mortgage Loan Application Amount | $149,647,000 |
| Average Mortgage Loan Application Amount | $132,901 |
| Highest Mortgage Loan Application Amount | $442,000 |
| Average Applicant Income | $33,727 |
| Highest Applicant Income | $125,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Columbia Mortgage & Funding Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Columbia Mortgage & Funding Co in 2005
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 | 1,103 | $145,862,000 | $136,333 | $442,000 | $39,666 | $125,000 |
| Home Purchase | 23 | $3,785,000 | $180,000 | $353,000 | $49,333 | $120,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $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 |
|---|---|---|---|---|---|---|
| Hispanic | 629 | $90,308,000 | $142,333 | $442,000 | $38,666 | $120,000 |
| Black or African American | 442 | $52,138,000 | $90,000 | $269,000 | $34,000 | $125,000 |
| White | 44 | $5,904,000 | $117,000 | $390,000 | $38,000 | $107,000 |
| American Indian or Alaskan Native | 6 | $735,000 | $99,500 | $202,000 | $31,000 | $75,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $471,000 | $117,000 | $222,000 | $26,000 | $45,000 |
| Not Provided | 1 | $91,000 | $91,000 | $91,000 | $53,000 | $53,000 |
| Not applicable | 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) | 1,126 | $149,647,000 | $137,333 | $442,000 | $40,666 | $125,000 |
| 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 | 601 | $78,181,000 | $130,000 | $441,000 | $38,666 | $125,000 |
| Application Denied By Financial Institution | 348 | $46,473,000 | $116,000 | $442,000 | $33,500 | $116,000 |
| Application Approved But Not Accepted | 105 | $15,009,000 | $106,500 | $320,000 | $27,500 | $92,000 |
| Application Withdrawn By Applicant | 72 | $9,984,000 | $105,000 | $318,000 | $38,000 | $120,000 |
| 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 | 154 | $20,485,000 | $125,500 | $442,000 | $42,000 | $116,000 |
| Collateral | 90 | $12,607,000 | $118,500 | $390,000 | $31,000 | $85,000 |
| Debt-To-Income Ratio | 39 | $5,730,000 | $111,000 | $324,000 | $34,500 | $82,000 |
| Credit History | 28 | $3,155,000 | $112,000 | $192,000 | $27,000 | $68,000 |
| Unverifiable Information | 16 | $1,791,000 | $111,000 | $180,000 | $33,000 | $52,000 |
| Employment History | 12 | $1,503,000 | $91,000 | $247,000 | $34,000 | $102,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $838,000 | $116,000 | $192,000 | $32,000 | $76,000 |
| Credit Application Incomplete | 1 | $123,000 | $123,000 | $123,000 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Columbia Mortgage & Funding Co's 2005 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 Columbia Mortgage & Funding Co'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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