Cu/America Financial Services Mortgage Lending & HMDA Data, 2009
In 2009, Cu/America Financial Services of Lombard, IL reported 754 mortgage applications totaling $135.3 million, up 346% from 2008. The average application was for $179,444, and applicants reported an average income of $84,907. 62% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Chicago-Naperville-Joliet, IL (618), Lake County-Kenosha County, IL-WI (31) and St. Louis, MO-IL (16) (applications in parentheses).
| Mortgage Company & Address | Cu/America Financial Services 450 E 22nd Street Lombard, IL 60148 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 |
| Total Number of Mortgage Applications | 754 |
| Total Mortgage Loan Application Amount | $135,301,000 |
| Average Mortgage Loan Application Amount | $179,444 |
| Highest Mortgage Loan Application Amount | $999,000 |
| Average Applicant Income | $84,907 |
| Highest Applicant Income | $1,149,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Cu/America Financial Services filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 380 | $ 70,072,000 | $ 184,400 | $ 86,000 |
| DuPage, Illinois | 105 | $ 21,246,000 | $ 202,342 | $ 87,000 |
| Kane, Illinois | 51 | $ 8,793,000 | $ 172,411 | $ 77,000 |
| Will, Illinois | 32 | $ 5,733,000 | $ 179,156 | $ 77,000 |
| Lake, Illinois | 29 | $ 5,387,000 | $ 185,758 | $ 89,000 |
| McHenry, Illinois | 24 | $ 4,205,000 | $ 175,208 | $ 77,000 |
| Kendall, Illinois | 20 | $ 3,795,000 | $ 189,750 | $ 89,000 |
| Winnebago, Illinois | 10 | $ 1,231,000 | $ 123,100 | $ 69,000 |
| Sangamon, Illinois | 8 | $ 1,275,000 | $ 159,375 | $ 94,000 |
| Lake, Indiana | 8 | $ 971,000 | $ 121,375 | $ 67,000 |
| Madison, Illinois | 7 | $ 685,000 | $ 97,857 | $ 81,000 |
| St. Clair, Illinois | 6 | $ 822,000 | $ 137,000 | $ 70,000 |
| Champaign, Illinois | 5 | $ 571,000 | $ 114,200 | $ 114,000 |
| DeKalb, Illinois | 5 | $ 650,000 | $ 130,000 | $ 56,000 |
| LaSalle, Illinois | 5 | $ 890,000 | $ 178,000 | $ 75,000 |
| Porter, Indiana | 5 | $ 932,000 | $ 186,400 | $ 77,000 |
| Coles, Illinois | 4 | $ 307,000 | $ 76,750 | $ 83,000 |
| Kankakee, Illinois | 3 | $ 486,000 | $ 162,000 | $ 67,000 |
| Hendricks, Indiana | 3 | $ 257,000 | $ 85,666 | $ 76,000 |
| Marion, Indiana | 3 | $ 305,000 | $ 101,666 | $ 53,000 |
| Walworth, Wisconsin | 3 | $ 945,000 | $ 315,000 | $ 147,000 |
| Wabash, Illinois | 2 | $ 158,000 | $ 79,000 | $ 82,000 |
| Huron, Michigan | 2 | $ 779,000 | $ 389,500 | $ 349,000 |
| Kenosha, Wisconsin | 2 | $ 334,000 | $ 167,000 | $ 70,000 |
| Broward, Florida | 1 | $ 103,000 | $ 103,000 | $ 46,000 |
| Manatee, Florida | 1 | $ 145,000 | $ 145,000 | $ 239,000 |
| Volusia, Florida | 1 | $ 315,000 | $ 315,000 | $ 67,000 |
| Boone, Illinois | 1 | $ 152,000 | $ 152,000 | $ 57,000 |
| Bureau, Illinois | 1 | $ 110,000 | $ 110,000 | $ 52,000 |
| Clark, Illinois | 1 | $ 72,000 | $ 72,000 | $ 45,000 |
| Cumberland, Illinois | 1 | $ 153,000 | $ 153,000 | $ 68,000 |
| Grundy, Illinois | 1 | $ 175,000 | $ 175,000 | $ 25,000 |
| Henderson, Illinois | 1 | $ 130,000 | $ 130,000 | $ 89,000 |
| Iroquois, Illinois | 1 | $ 138,000 | $ 138,000 | $ 83,000 |
| Jackson, Illinois | 1 | $ 88,000 | $ 88,000 | $ 134,000 |
| Jefferson, Illinois | 1 | $ 47,000 | $ 47,000 | $ 35,000 |
| Jersey, Illinois | 1 | $ 90,000 | $ 90,000 | $ 52,000 |
| Macoupin, Illinois | 1 | $ 38,000 | $ 38,000 | $ 84,000 |
| Morgan, Illinois | 1 | $ 78,000 | $ 78,000 | $ 37,000 |
| Stephenson, Illinois | 1 | $ 59,000 | $ 59,000 | $ 121,000 |
| Tazewell, Illinois | 1 | $ 268,000 | $ 268,000 | $ 140,000 |
| Vermilion, Illinois | 1 | $ 125,000 | $ 125,000 | $ 67,000 |
| Hamilton, Indiana | 1 | $ 124,000 | $ 124,000 | $ 75,000 |
| LaPorte, Indiana | 1 | $ 148,000 | $ 148,000 | $ 60,000 |
| Berrien, Michigan | 1 | $ 100,000 | $ 100,000 | $ 119,000 |
| Cass, Michigan | 1 | $ 104,000 | $ 104,000 | $ 31,000 |
| Gogebic, Michigan | 1 | $ 297,000 | $ 297,000 | $ 113,000 |
| Kalamazoo, Michigan | 1 | $ 158,000 | $ 158,000 | $ 65,000 |
| Ottawa, Michigan | 1 | $ 219,000 | $ 219,000 | $ 83,000 |
| St. Joseph, Michigan | 1 | $ 135,000 | $ 135,000 | $ 118,000 |
| St. Louis City, Missouri | 1 | $ 61,000 | $ 61,000 | $ 15,000 |
| Clark, Nevada | 1 | $ 169,000 | $ 169,000 | $ 62,000 |
| Madison, North Carolina | 1 | $ 403,000 | $ 403,000 | $ 228,000 |
| Philadelphia, Pennsylvania | 1 | $ 61,000 | $ 61,000 | $ 18,000 |
| Adams, Wisconsin | 1 | $ 65,000 | $ 65,000 | $ 15,000 |
| Waukesha, Wisconsin | 1 | $ 142,000 | $ 142,000 | $ 42,000 |
Mortgage Loan Application Detail Totals for Cu/America Financial Services 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 |
|---|---|---|---|---|---|---|
| Refinancing | 498 | $92,412,000 | $185,000 | $999,000 | $90,000 | $1,149,000 |
| Home Purchase | 256 | $42,889,000 | $167,000 | $630,000 | $75,000 | $763,000 |
| 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 |
|---|---|---|---|---|---|---|
| White | 512 | $94,478,000 | $184,000 | $999,000 | $90,000 | $1,149,000 |
| Hispanic | 92 | $16,400,000 | $178,000 | $710,000 | $59,000 | $249,000 |
| Black or African American | 64 | $10,023,000 | $156,000 | $399,000 | $71,000 | $149,000 |
| Not Provided | 62 | $9,601,000 | $154,000 | $800,000 | $90,000 | $209,000 |
| Asian | 23 | $4,712,000 | $204,000 | $417,000 | $97,000 | $310,000 |
| American Indian or Alaskan Native | 1 | $87,000 | $87,000 | $87,000 | $63,000 | $63,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 567 | $104,268,000 | $183,000 | $999,000 | $92,000 | $1,149,000 |
| FHA-insured (Federal Housing Administration) | 181 | $30,118,000 | $166,000 | $414,000 | $61,000 | $150,000 |
| VA-guaranteed (Veterans Administration) | 6 | $915,000 | $152,000 | $191,000 | $70,000 | $95,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 464 | $83,754,000 | $180,000 | $710,000 | $89,000 | $763,000 |
| Application Denied By Financial Institution | 143 | $26,126,000 | $182,000 | $999,000 | $75,000 | $275,000 |
| Application Withdrawn By Applicant | 137 | $23,396,000 | $170,000 | $800,000 | $82,000 | $1,149,000 |
| Application Approved But Not Accepted | 6 | $1,197,000 | $199,000 | $417,000 | $75,000 | $148,000 |
| File Closed For Incompleteness | 4 | $828,000 | $207,000 | $260,000 | $55,000 | $70,000 |
| 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 | 58 | $12,220,000 | $210,000 | $999,000 | $87,000 | $275,000 |
| Credit History | 20 | $2,887,000 | $144,000 | $311,000 | $72,000 | $168,000 |
| Collateral | 16 | $2,431,000 | $151,000 | $295,000 | $62,000 | $131,000 |
| Debt-To-Income Ratio | 8 | $1,404,000 | $175,000 | $370,000 | $60,000 | $102,000 |
| Employment History | 2 | $344,000 | $172,000 | $180,000 | $61,000 | $80,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $214,000 | $107,000 | $138,000 | $72,000 | $83,000 |
| Unverifiable Information | 2 | $270,000 | $135,000 | $150,000 | $53,000 | $77,000 |
| Mortgage Insurance Denied | 1 | $30,000 | $30,000 | $30,000 | $183,000 | $183,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cu/America Financial Services'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 Cu/America Financial Services'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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