Devon Bank Mortgage Lending & HMDA Data, 2012

In 2012, Devon Bank of Chicago, IL reported 769 mortgage applications totaling $149.0 million, up 70% from 2011. The average application was for $193,728, and applicants reported an average income of $93,981. 56% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Chicago-Joliet-Naperville, IL (371), Dallas-Plano-Irving, TX (27) and Lake County-Kenosha County, IL-WI (20) (applications in parentheses).

Mortgage Company & Address Devon Bank
6445 N Western Avenue
Chicago, IL 60645
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 769
Total Mortgage Loan Application Amount $148,977,000
Average Mortgage Loan Application Amount $193,728
Highest Mortgage Loan Application Amount $2,590,000
Average Applicant Income $93,981
Highest Applicant Income $600,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Devon Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Devon Bank by County in 2012

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Cook, Illinois 261 $ 63,424,000 $ 243,003 $ 89,000
DuPage, Illinois 38 $ 9,633,000 $ 253,500 $ 128,000
Will, Illinois 27 $ 4,246,000 $ 157,259 $ 111,000
Kane, Illinois 24 $ 4,626,000 $ 192,750 $ 98,000
Lake, Illinois 19 $ 4,599,000 $ 242,052 $ 109,000
Wake, North Carolina 17 $ 3,019,000 $ 177,588 $ 83,000
Collin, Texas 15 $ 2,704,000 $ 180,266 $ 106,000
Maricopa, Arizona 13 $ 2,591,000 $ 199,307 $ 133,000
Kendall, Illinois 12 $ 2,668,000 $ 222,333 $ 111,000
Dallas, Texas 12 $ 2,483,000 $ 206,916 $ 105,000
Travis, Texas 11 $ 1,825,000 $ 165,909 $ 109,000
Anoka, Minnesota 10 $ 1,466,000 $ 146,600 $ 89,000
Fort Bend, Texas 7 $ 990,000 $ 141,428 $ 105,000
Tarrant, Texas 7 $ 981,000 $ 140,142 $ 180,000
Orange, California 6 $ 1,938,000 $ 323,000 $ 216,000
Riverside, California 6 $ 1,214,000 $ 202,333 $ 74,000
Sacramento, California 6 $ 939,000 $ 156,500 $ 92,000
Santa Clara, California 6 $ 2,630,000 $ 438,333 $ 141,000
Williamson, Texas 6 $ 1,241,000 $ 206,833 $ 105,000
Los Angeles, California 5 $ 1,135,000 $ 227,000 $ 97,000
McHenry, Illinois 5 $ 883,000 $ 176,600 $ 78,000
Dane, Wisconsin 5 $ 1,409,000 $ 281,800 $ 98,000
San Diego, California 4 $ 1,083,000 $ 270,750 $ 127,000
Hamilton, Indiana 4 $ 755,000 $ 188,750 $ 167,000
Hennepin, Minnesota 4 $ 588,000 $ 147,000 $ 66,000
Guilford, North Carolina 4 $ 446,000 $ 111,500 $ 57,000
Washington, Oregon 4 $ 848,000 $ 212,000 $ 117,000
York, Pennsylvania 4 $ 465,000 $ 116,250 $ 121,000
Harris, Texas 4 $ 565,000 $ 141,250 $ 119,000
Fairfax, Virginia 4 $ 960,000 $ 240,000 $ 119,000
Milwaukee, Wisconsin 4 $ 657,000 $ 164,250 $ 86,000
Contra Costa, California 3 $ 758,000 $ 252,666 $ 121,000
San Bernardino, California 3 $ 596,000 $ 198,666 $ 119,000
Champaign, Illinois 3 $ 545,000 $ 181,666 $ 187,000
DeKalb, Illinois 3 $ 473,000 $ 157,666 $ 89,000
Lake, Indiana 3 $ 631,000 $ 210,333 $ 63,000
Jackson, Missouri 3 $ 805,000 $ 268,333 $ 294,000
St. Louis, Missouri 3 $ 263,000 $ 87,666 $ 62,000
Lancaster, Pennsylvania 3 $ 191,000 $ 63,666 $ 60,000
Alameda, California 2 $ 600,000 $ 300,000 $ 120,000
Fresno, California 2 $ 239,000 $ 119,500 $ 120,000
Marin, California 2 $ 340,000 $ 170,000 $ 66,000
Larimer, Colorado 2 $ 340,000 $ 170,000 $ 142,000
Williamson, Illinois 2 $ 487,000 $ 243,500 $ 211,000
Winnebago, Illinois 2 $ 246,000 $ 123,000 $ 59,000
St. Joseph, Michigan 2 $ 177,000 $ 88,500 $ 103,000
Otter Tail, Minnesota 2 $ 108,000 $ 54,000 $ 117,000
Clay, Missouri 2 $ 479,000 $ 239,500 $ 280,000
Dunklin, Missouri 2 $ 62,000 $ 31,000 $ 60,000
Ontario, New York 2 $ 60,000 $ 30,000 $ 29,000
Franklin, Ohio 2 $ 154,000 $ 77,000 $ 31,000
Bucks, Pennsylvania 2 $ 108,000 $ 54,000 $ 65,000
Northampton, Pennsylvania 2 $ 325,000 $ 162,500 $ 70,000
Cheatham, Tennessee 2 $ 114,000 $ 57,000 $ 68,000
Shelby, Tennessee 2 $ 138,000 $ 69,000 $ 74,000
Loudoun, Virginia 2 $ 279,000 $ 139,500 $ 89,000
Calhoun, Alabama 1 $ 126,000 $ 126,000 $ 282,000
Shelby, Alabama 1 $ 307,000 $ 307,000 $ 71,000
Sonoma, California 1 $ 350,000 $ 350,000 $ 137,000
Ventura, California 1 $ 422,000 $ 422,000 $ 89,000
Arapahoe, Colorado 1 $ 263,000 $ 263,000 $ 118,000
New Haven, Connecticut 1 $ 273,000 $ 273,000 $ 263,000
Kent, Delaware 1 $ 20,000 $ 20,000 $ 35,000
Broward, Florida 1 $ 304,000 $ 304,000 $ 105,000
DeKalb, Georgia 1 $ 226,000 $ 226,000 $ 132,000
Ford, Illinois 1 $ 41,000 $ 41,000 $ 24,000
Grundy, Illinois 1 $ 262,000 $ 262,000 $ 94,000
Jefferson, Illinois 1 $ 39,000 $ 39,000 $ 29,000
Kankakee, Illinois 1 $ 58,000 $ 58,000 $ 16,000
Lee, Illinois 1 $ 201,000 $ 201,000 $ 37,000
Madison, Illinois 1 $ 112,000 $ 112,000 $ 140,000
Peoria, Illinois 1 $ 160,000 $ 160,000 $ 85,000
Bartholomew, Indiana 1 $ 84,000 $ 84,000 $ 53,000
Marion, Indiana 1 $ 98,000 $ 98,000 $ 29,000
Owen, Indiana 1 $ 13,000 $ 13,000 $ 27,000
Tippecanoe, Indiana 1 $ 32,000 $ 32,000 $ 40,000
Vigo, Indiana 1 $ 115,000 $ 115,000 $ 81,000
Dallas, Iowa 1 $ 41,000 $ 41,000 $ 34,000
Tama, Iowa 1 $ 40,000 $ 40,000 $ 31,000
Cowley, Kansas 1 $ 60,000 $ 60,000 $ 48,000
Crawford, Kansas 1 $ 31,000 $ 31,000 $ 21,000
Pottawatomie, Kansas 1 $ 39,000 $ 39,000 $ 25,000
Riley, Kansas 1 $ 37,000 $ 37,000 $ 24,000
Sedgwick, Kansas 1 $ 32,000 $ 32,000 $ 26,000
Breathitt, Kentucky 1 $ 22,000 $ 22,000 $ 34,000
Fayette, Kentucky 1 $ 204,000 $ 204,000 $ 119,000
Knott, Kentucky 1 $ 25,000 $ 25,000 $ 33,000
Magoffin, Kentucky 1 $ 86,000 $ 86,000 $ 58,000
East Baton Rouge, Louisiana 1 $ 241,000 $ 241,000 $ 98,000
Allegany, Maryland 1 $ 32,000 $ 32,000 $ 23,000
Anne Arundel, Maryland 1 $ 69,000 $ 69,000 $ 39,000
Baltimore, Maryland 1 $ 34,000 $ 34,000 $ 85,000
Essex, Massachusetts 1 $ 337,000 $ 337,000 $ 56,000
Middlesex, Massachusetts 1 $ 403,000 $ 403,000 $ 264,000
Norfolk, Massachusetts 1 $ 173,000 $ 173,000 $ 96,000
Wayne, Michigan 1 $ 183,000 $ 183,000 $ 101,000
Dakota, Minnesota 1 $ 149,000 $ 149,000 $ 51,000
Cape Girardeau, Missouri 1 $ 26,000 $ 26,000 $ 30,000
Franklin, Missouri 1 $ 33,000 $ 33,000 $ 103,000
Laclede, Missouri 1 $ 23,000 $ 23,000 $ 53,000
Madison, Missouri 1 $ 50,000 $ 50,000 $ 33,000
Saline, Missouri 1 $ 47,000 $ 47,000 $ 63,000
St. Charles, Missouri 1 $ 41,000 $ 41,000 $ 70,000
Wayne, Missouri 1 $ 36,000 $ 36,000 $ 84,000
Lewis and Clark, Montana 1 $ 36,000 $ 36,000 $ 59,000
Park, Montana 1 $ 77,000 $ 77,000 $ 46,000
Richland, Montana 1 $ 51,000 $ 51,000 $ 70,000
Yellowstone, Montana 1 $ 50,000 $ 50,000 $ 58,000
Allegany, New York 1 $ 33,000 $ 33,000 $ 50,000
Cattaraugus, New York 1 $ 18,000 $ 18,000 $ 31,000
Chemung, New York 1 $ 42,000 $ 42,000 $ 30,000
Columbia, New York 1 $ 61,000 $ 61,000 $ 37,000
Oswego, New York 1 $ 52,000 $ 52,000 $ 53,000
Steuben, New York 1 $ 49,000 $ 49,000 $ 40,000
Suffolk, New York 1 $ 197,000 $ 197,000 $ 79,000
Durham, North Carolina 1 $ 76,000 $ 76,000 $ 84,000
Gaston, North Carolina 1 $ 148,000 $ 148,000 $ 102,000
Johnston, North Carolina 1 $ 284,000 $ 284,000 $ 64,000
Mecklenburg, North Carolina 1 $ 120,000 $ 120,000 $ 63,000
Renville, North Dakota 1 $ 71,000 $ 71,000 $ 40,000
Athens, Ohio 1 $ 28,000 $ 28,000 $ 46,000
Carroll, Ohio 1 $ 60,000 $ 60,000 $ 37,000
Hamilton, Ohio 1 $ 19,000 $ 19,000 $ 28,000
Tuscarawas, Ohio 1 $ 18,000 $ 18,000 $ 15,000
Armstrong, Pennsylvania 1 $ 45,000 $ 45,000 $ 35,000
Bradford, Pennsylvania 1 $ 47,000 $ 47,000 $ 114,000
Butler, Pennsylvania 1 $ 72,000 $ 72,000 $ 77,000
Clearfield, Pennsylvania 1 $ 34,000 $ 34,000 $ 34,000
Cumberland, Pennsylvania 1 $ 139,000 $ 139,000 $ 103,000
Franklin, Pennsylvania 1 $ 36,000 $ 36,000 $ 50,000
Indiana, Pennsylvania 1 $ 39,000 $ 39,000 $ 28,000
Montgomery, Pennsylvania 1 $ 69,000 $ 69,000 $ 89,000
Schuylkill, Pennsylvania 1 $ 23,000 $ 23,000 $ 18,000
Blount, Tennessee 1 $ 270,000 $ 270,000 $ 275,000
Bexar, Texas 1 $ 186,000 $ 186,000 $ 73,000
Brazos, Texas 1 $ 195,000 $ 195,000 $ 97,000
El Paso, Texas 1 $ 94,000 $ 94,000 $ 46,000
Montgomery, Texas 1 $ 260,000 $ 260,000 $ 123,000
Salt Lake, Utah 1 $ 213,000 $ 213,000 $ 92,000
Chesterfield, Virginia 1 $ 131,000 $ 131,000 $ 48,000
Prince George, Virginia 1 $ 40,000 $ 40,000 $ 42,000
Spotsylvania, Virginia 1 $ 23,000 $ 23,000 $ 36,000
Monongalia, West Virginia 1 $ 36,000 $ 36,000 $ 42,000
Dodge, Wisconsin 1 $ 178,000 $ 178,000 $ 40,000
Eau Claire, Wisconsin 1 $ 35,000 $ 35,000 $ 17,000
Kenosha, Wisconsin 1 $ 98,000 $ 98,000 $ 50,000
Richland, Wisconsin 1 $ 233,000 $ 233,000 $ 16,000
Sauk, Wisconsin 1 $ 276,000 $ 276,000 $ 234,000
Vernon, Wisconsin 1 $ 37,000 $ 37,000 $ 33,000
Waushara, Wisconsin 1 $ 33,000 $ 33,000 $ 37,000
Platte, Wyoming 1 $ 60,000 $ 60,000 $ 42,000

Mortgage Loan Application Detail Totals for Devon Bank in 2012

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 460 $109,188,000 $237,000 $2,590,000 $98,000 $600,000
Home Purchase 309 $39,789,000 $128,000 $801,000 $88,000 $439,000
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 382 $62,606,000 $163,000 $1,400,000 $84,000 $485,000
Asian 183 $43,134,000 $235,000 $2,538,000 $112,000 $600,000
Not Provided 133 $31,710,000 $238,000 $2,590,000 $107,000 $441,000
Black or African American 40 $5,968,000 $149,000 $361,000 $83,000 $240,000
Hispanic 27 $4,343,000 $160,000 $325,000 $80,000 $280,000
Not applicable 4 $1,216,000 $304,000 $481,000 $0 $0
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
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) 765 $148,309,000 $193,000 $2,590,000 $94,000 $600,000
FHA-insured (Federal Housing Administration) 4 $668,000 $167,000 $208,000 $58,000 $138,000
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 430 $81,330,000 $189,000 $1,409,000 $101,000 $485,000
Application Denied By Financial Institution 129 $29,053,000 $225,000 $2,538,000 $80,000 $600,000
Application Approved But Not Accepted 75 $8,886,000 $118,000 $408,000 $77,000 $260,000
Application Withdrawn By Applicant 71 $15,913,000 $224,000 $2,590,000 $101,000 $280,000
Preapproval Denied by Financial Institution 38 $5,701,000 $150,000 $440,000 $56,000 $138,000
File Closed For Incompleteness 25 $7,969,000 $318,000 $1,500,000 $138,000 $441,000
Preapproval Approved but not Accepted 1 $125,000 $125,000 $125,000 $57,000 $57,000
Loan Purchased By The 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
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0
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
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Devon Bank's 2012 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 Devon Bank'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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