Cu/America Financial Services, Inc. Mortgage Lending & HMDA Data, 2005
In 2005, Cu/America Financial Services, Inc. of Lombard, IL reported 647 mortgage applications totaling $102.0 million, up 54% from 2004. The average application was for $157,633, and applicants reported an average income of $56,074. 24% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Chicago-Naperville-Joliet, IL (333), Lake County-Kenosha County, IL-WI (24) and Gary, IN (9) (applications in parentheses).
| Mortgage Company & Address | Cu/America Financial Services, Inc. 200 W 22nd St, Ste 280 Lombard, IL 60148 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2005 2004 2003 |
| Total Number of Mortgage Applications | 647 |
| Total Mortgage Loan Application Amount | $101,989,000 |
| Average Mortgage Loan Application Amount | $157,633 |
| Highest Mortgage Loan Application Amount | $594,000 |
| Average Applicant Income | $56,074 |
| Highest Applicant Income | $630,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Cu/America Financial Services, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 212 | $ 35,682,000 | $ 168,311 | $ 60,000 |
| Kane, Illinois | 36 | $ 5,370,000 | $ 149,166 | $ 48,000 |
| DuPage, Illinois | 33 | $ 5,964,000 | $ 180,727 | $ 53,000 |
| Will, Illinois | 26 | $ 4,673,000 | $ 179,730 | $ 67,000 |
| Lake, Illinois | 24 | $ 5,511,000 | $ 229,625 | $ 65,000 |
| Kendall, Illinois | 16 | $ 2,321,000 | $ 145,062 | $ 60,000 |
| Sangamon, Illinois | 9 | $ 758,000 | $ 84,222 | $ 64,000 |
| Lake, Indiana | 8 | $ 860,000 | $ 107,500 | $ 52,000 |
| Kankakee, Illinois | 7 | $ 723,000 | $ 103,285 | $ 55,000 |
| McHenry, Illinois | 6 | $ 843,000 | $ 140,500 | $ 64,000 |
| Maricopa, Arizona | 5 | $ 787,000 | $ 157,400 | $ 100,000 |
| Winnebago, Illinois | 4 | $ 510,000 | $ 127,500 | $ 119,000 |
| Coles, Illinois | 3 | $ 168,000 | $ 56,000 | $ 49,000 |
| DeKalb, Illinois | 3 | $ 520,000 | $ 173,333 | $ 87,000 |
| LaSalle, Illinois | 3 | $ 195,000 | $ 65,000 | $ 62,000 |
| St. Johns, Florida | 2 | $ 183,000 | $ 91,500 | $ 31,000 |
| Champaign, Illinois | 2 | $ 154,000 | $ 77,000 | $ 43,000 |
| Cumberland, Illinois | 2 | $ 125,000 | $ 62,500 | $ 26,000 |
| Ford, Illinois | 2 | $ 275,000 | $ 137,500 | $ 44,000 |
| McLean, Illinois | 2 | $ 302,000 | $ 151,000 | $ 36,000 |
| Tazewell, Illinois | 2 | $ 324,000 | $ 162,000 | $ 64,000 |
| Marion, Indiana | 2 | $ 173,000 | $ 86,500 | $ 78,000 |
| Jefferson, Arkansas | 1 | $ 30,000 | $ 30,000 | $ 80,000 |
| Collier, Florida | 1 | $ 150,000 | $ 150,000 | $ 61,000 |
| Highlands, Florida | 1 | $ 48,000 | $ 48,000 | $ 105,000 |
| Lee, Florida | 1 | $ 150,000 | $ 150,000 | $ 52,000 |
| Palm Beach, Florida | 1 | $ 327,000 | $ 327,000 | $ 145,000 |
| Pinellas, Florida | 1 | $ 55,000 | $ 55,000 | $ 77,000 |
| Bureau, Illinois | 1 | $ 155,000 | $ 155,000 | $ 39,000 |
| Grundy, Illinois | 1 | $ 60,000 | $ 60,000 | $ 0 |
| Jo Daviess, Illinois | 1 | $ 190,000 | $ 190,000 | $ 78,000 |
| Madison, Illinois | 1 | $ 192,000 | $ 192,000 | $ 80,000 |
| Montgomery, Illinois | 1 | $ 85,000 | $ 85,000 | $ 43,000 |
| Whiteside, Illinois | 1 | $ 120,000 | $ 120,000 | $ 31,000 |
| Allen, Indiana | 1 | $ 35,000 | $ 35,000 | $ 0 |
| Porter, Indiana | 1 | $ 101,000 | $ 101,000 | $ 53,000 |
| Putnam, Indiana | 1 | $ 221,000 | $ 221,000 | $ 68,000 |
| White, Indiana | 1 | $ 72,000 | $ 72,000 | $ 31,000 |
| Sedgwick, Kansas | 1 | $ 20,000 | $ 20,000 | $ 108,000 |
| Adair, Kentucky | 1 | $ 43,000 | $ 43,000 | $ 18,000 |
| Allegan, Michigan | 1 | $ 50,000 | $ 50,000 | $ 24,000 |
| Mecosta, Michigan | 1 | $ 112,000 | $ 112,000 | $ 75,000 |
| Oakland, Michigan | 1 | $ 133,000 | $ 133,000 | $ 77,000 |
| Ramsey, Minnesota | 1 | $ 146,000 | $ 146,000 | $ 33,000 |
| Clay, Missouri | 1 | $ 128,000 | $ 128,000 | $ 45,000 |
| Camden, New Jersey | 1 | $ 50,000 | $ 50,000 | $ 43,000 |
| Morris, New Jersey | 1 | $ 100,000 | $ 100,000 | $ 0 |
| Union, New Jersey | 1 | $ 200,000 | $ 200,000 | $ 204,000 |
| York, South Carolina | 1 | $ 209,000 | $ 209,000 | $ 96,000 |
| Travis, Texas | 1 | $ 215,000 | $ 215,000 | $ 72,000 |
| Wasatch, Utah | 1 | $ 150,000 | $ 150,000 | $ 137,000 |
| Chippewa, Wisconsin | 1 | $ 123,000 | $ 123,000 | $ 56,000 |
| Kenosha, Wisconsin | 1 | $ 169,000 | $ 169,000 | $ 160,000 |
Mortgage Loan Application Detail Totals for Cu/America Financial Services, Inc. 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 403 | $63,017,000 | $157,625 | $519,000 | $81,625 | $630,000 |
| Refinancing | 241 | $38,569,000 | $129,200 | $594,000 | $84,300 | $226,000 |
| Home Improvement | 3 | $403,000 | $134,000 | $156,000 | $58,000 | $90,000 |
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 | 444 | $71,195,000 | $150,750 | $519,000 | $80,812 | $618,000 |
| Black or African American | 120 | $15,947,000 | $133,833 | $284,000 | $69,166 | $226,000 |
| Hispanic | 64 | $10,801,000 | $191,333 | $469,000 | $79,000 | $630,000 |
| Not Provided | 9 | $1,720,000 | $164,500 | $594,000 | $45,000 | $156,000 |
| Asian | 9 | $2,246,000 | $243,500 | $350,000 | $97,500 | $150,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $80,000 | $80,000 | $80,000 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 589 | $93,088,000 | $150,368 | $594,000 | $81,526 | $630,000 |
| FHA-insured (Federal Housing Administration) | 47 | $7,464,000 | $164,000 | $295,000 | $50,000 | $149,000 |
| VA-guaranteed (Veterans Administration) | 11 | $1,437,000 | $122,500 | $200,000 | $36,500 | $70,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Approved But Not Accepted | 409 | $62,153,000 | $163,846 | $594,000 | $76,923 | $630,000 |
| Loan Originated | 156 | $27,480,000 | $123,818 | $519,000 | $76,181 | $226,000 |
| Application Denied By Financial Institution | 78 | $11,447,000 | $101,600 | $425,000 | $55,800 | $140,000 |
| File Closed For Incompleteness | 4 | $909,000 | $242,000 | $350,000 | $77,000 | $129,000 |
| Application Withdrawn By Applicant | 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 | 27 | $3,467,000 | $98,666 | $260,000 | $31,666 | $99,000 |
| Debt-To-Income Ratio | 11 | $2,187,000 | $190,500 | $425,000 | $43,500 | $88,000 |
| Other | 9 | $551,000 | $59,000 | $158,000 | $66,333 | $108,000 |
| Collateral | 6 | $1,511,000 | $241,000 | $320,000 | $59,500 | $140,000 |
| Unverifiable Information | 3 | $536,000 | $178,000 | $250,000 | $81,000 | $107,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $393,000 | $119,000 | $230,000 | $43,500 | $55,000 |
| Credit Application Incomplete | 2 | $365,000 | $182,000 | $240,000 | $59,000 | $62,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cu/America Financial Services, Inc.'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 Cu/America Financial Services, Inc.'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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