Community Bank of Oak Park River Forest Mortgage Lending & HMDA Data, 2008
In 2008, Community Bank of Oak Park River Forest of Oak Park, IL reported 359 mortgage applications totaling $98.2 million, up 42% from 2007. The average application was for $273,540, and applicants reported an average income of $139,161. 78% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Chicago-Naperville-Joliet, IL (323), Lake County-Kenosha County, IL-WI (6) and Niles-Benton Harbor, MI (4) (applications in parentheses).
| Mortgage Company & Address | Community Bank of Oak Park River Forest 1001 Lake Street Oak Park, IL 60301 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 359 |
| Total Mortgage Loan Application Amount | $98,201,000 |
| Average Mortgage Loan Application Amount | $273,540 |
| Highest Mortgage Loan Application Amount | $2,100,000 |
| Average Applicant Income | $139,161 |
| Highest Applicant Income | $965,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Community Bank of Oak Park River Forest filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 323 | $ 89,845,000 | $ 278,157 | $ 140,000 |
| Lake County-Kenosha County, IL-WI | 6 | $ 1,409,000 | $ 234,833 | $ 71,000 |
| Niles-Benton Harbor, MI | 4 | $ 1,030,000 | $ 257,500 | $ 368,000 |
| Phoenix-Mesa-Scottsdale, AZ | 3 | $ 676,000 | $ 225,333 | $ 105,000 |
| Milwaukee-Waukesha-West Allis, WI | 2 | $ 452,000 | $ 226,000 | $ 120,000 |
| Bend, OR | 1 | $ 350,000 | $ 350,000 | $ 50,000 |
| Bloomington-Normal, IL | 1 | $ 108,000 | $ 108,000 | $ 87,000 |
| Cleveland-Elyria-Mentor, OH | 1 | $ 209,000 | $ 209,000 | $ 98,000 |
| Denver-Aurora, CO | 1 | $ 540,000 | $ 540,000 | $ 285,000 |
| Gary, IN | 1 | $ 340,000 | $ 340,000 | $ 96,000 |
| Kankakee-Bradley, IL | 1 | $ 202,000 | $ 202,000 | $ 89,000 |
| Lebanon, PA | 1 | $ 126,000 | $ 126,000 | $ 30,000 |
| Michigan City-La Porte, IN | 1 | $ 375,000 | $ 375,000 | $ 247,000 |
| Naples-Marco Island, FL | 1 | $ 145,000 | $ 145,000 | $ 100,000 |
| Orlando-Kissimmee, FL | 1 | $ 210,000 | $ 210,000 | $ 84,000 |
| Prescott, AZ | 1 | $ 173,000 | $ 173,000 | $ 35,000 |
| San Francisco-San Mateo-Redwood City, CA | 1 | $ 278,000 | $ 278,000 | $ 66,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 168,000 | $ 168,000 | $ 65,000 |
Mortgage Loan Application Detail Totals for Community Bank of Oak Park River Forest in 2008
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 | 176 | $52,577,000 | $298,000 | $2,100,000 | $129,000 | $650,000 |
| Home Purchase | 118 | $34,510,000 | $292,000 | $1,925,000 | $150,000 | $965,000 |
| Home Improvement | 65 | $11,114,000 | $170,000 | $1,350,000 | $147,000 | $826,000 |
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 | 310 | $82,133,000 | $264,000 | $2,100,000 | $146,000 | $965,000 |
| Not applicable | 20 | $7,542,000 | $377,000 | $1,350,000 | $0 | $0 |
| Asian | 8 | $2,644,000 | $330,000 | $498,000 | $199,000 | $480,000 |
| Hispanic | 8 | $2,160,000 | $270,000 | $417,000 | $170,000 | $408,000 |
| Black or African American | 7 | $2,443,000 | $349,000 | $776,000 | $110,000 | $298,000 |
| Not Provided | 5 | $1,029,000 | $205,000 | $315,000 | $154,000 | $292,000 |
| American Indian or Alaskan Native | 1 | $250,000 | $250,000 | $250,000 | $112,000 | $112,000 |
| 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) | 357 | $97,700,000 | $273,000 | $2,100,000 | $139,000 | $965,000 |
| FHA-insured (Federal Housing Administration) | 2 | $501,000 | $250,000 | $368,000 | $57,000 | $99,000 |
| 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 | 281 | $72,109,000 | $256,000 | $2,100,000 | $140,000 | $965,000 |
| Application Withdrawn By Applicant | 35 | $12,303,000 | $351,000 | $1,925,000 | $162,000 | $900,000 |
| Application Denied By Financial Institution | 28 | $9,831,000 | $351,000 | $1,332,000 | $117,000 | $680,000 |
| Application Approved But Not Accepted | 9 | $2,530,000 | $281,000 | $461,000 | $154,000 | $480,000 |
| File Closed For Incompleteness | 2 | $740,000 | $370,000 | $500,000 | $46,000 | $93,000 |
| Loan Purchased By The Institution | 2 | $270,000 | $135,000 | $149,000 | $52,000 | $78,000 |
| Preapproval Approved but not Accepted | 1 | $285,000 | $285,000 | $285,000 | $91,000 | $91,000 |
| Preapproval Denied by Financial Institution | 1 | $133,000 | $133,000 | $133,000 | $15,000 | $15,000 |
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 | 14 | $5,529,000 | $394,000 | $1,332,000 | $112,000 | $680,000 |
| Collateral | 6 | $2,073,000 | $345,000 | $776,000 | $164,000 | $298,000 |
| Credit History | 6 | $1,799,000 | $299,000 | $640,000 | $67,000 | $120,000 |
| Unverifiable Information | 2 | $263,000 | $131,000 | $163,000 | $124,000 | $188,000 |
| Employment History | 1 | $300,000 | $300,000 | $300,000 | $88,000 | $88,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Community Bank of Oak Park River Forest's 2008 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 Community Bank of Oak Park River Forest'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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