Devon Bank Mortgage Lending & HMDA Data, 2013

In 2013, Devon Bank of Chicago, IL reported 693 mortgage applications totaling $119.0 million, down 10% from 2012. The average application was for $171,721, and applicants reported an average income of $87,142. 61% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Chicago-Joliet-Naperville, IL (318), Houston-Sugar Land-Baytown, TX (33) and Minneapolis-St. Paul-Bloomington, MN-WI (32) (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 693
Total Mortgage Loan Application Amount $119,003,000
Average Mortgage Loan Application Amount $171,721
Highest Mortgage Loan Application Amount $865,000
Average Applicant Income $87,142
Highest Applicant Income $364,000

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Act (HMDA) records Devon Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2013

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Cook, Illinois 192 $ 33,439,000 $ 174,161 $ 80,000
Kane, Illinois 44 $ 7,834,000 $ 178,045 $ 75,000
DuPage, Illinois 32 $ 6,470,000 $ 202,187 $ 89,000
Kendall, Illinois 24 $ 3,974,000 $ 165,583 $ 73,000
Lake, Illinois 23 $ 5,704,000 $ 248,000 $ 99,000
Wake, North Carolina 23 $ 4,108,000 $ 178,608 $ 96,000
Maricopa, Arizona 18 $ 4,020,000 $ 223,333 $ 124,000
Will, Illinois 15 $ 2,606,000 $ 173,733 $ 75,000
Fort Bend, Texas 14 $ 2,203,000 $ 157,357 $ 93,000
Harris, Texas 14 $ 2,089,000 $ 149,214 $ 123,000
Anoka, Minnesota 13 $ 1,360,000 $ 104,615 $ 133,000
Orange, California 11 $ 3,046,000 $ 276,909 $ 137,000
Sacramento, California 9 $ 1,679,000 $ 186,555 $ 111,000
Hennepin, Minnesota 8 $ 872,000 $ 109,000 $ 166,000
Tarrant, Texas 8 $ 784,000 $ 98,000 $ 82,000
Collin, Texas 7 $ 1,369,000 $ 195,571 $ 90,000
Arapahoe, Colorado 6 $ 969,000 $ 161,500 $ 93,000
DeKalb, Illinois 6 $ 803,000 $ 133,833 $ 69,000
Dakota, Minnesota 6 $ 1,203,000 $ 200,500 $ 85,000
Travis, Texas 6 $ 779,000 $ 129,833 $ 84,000
Santa Clara, California 5 $ 2,456,000 $ 491,200 $ 154,000
McHenry, Illinois 5 $ 1,036,000 $ 207,200 $ 128,000
Mecklenburg, North Carolina 5 $ 390,000 $ 78,000 $ 126,000
Dallas, Texas 5 $ 639,000 $ 127,800 $ 83,000
Los Angeles, California 4 $ 1,171,000 $ 292,750 $ 107,000
Montgomery, Texas 4 $ 903,000 $ 225,750 $ 185,000
Milwaukee, Wisconsin 4 $ 524,000 $ 131,000 $ 103,000
Madison, Illinois 3 $ 217,000 $ 72,333 $ 69,000
Middlesex, Massachusetts 3 $ 642,000 $ 214,000 $ 137,000
Davidson, Tennessee 3 $ 425,000 $ 141,666 $ 63,000
Jefferson, Alabama 2 $ 561,000 $ 280,500 $ 98,000
Alameda, California 2 $ 780,000 $ 390,000 $ 109,000
Riverside, California 2 $ 451,000 $ 225,500 $ 74,000
San Joaquin, California 2 $ 484,000 $ 242,000 $ 87,000
El Paso, Colorado 2 $ 302,000 $ 151,000 $ 93,000
Larimer, Colorado 2 $ 410,000 $ 205,000 $ 125,000
Champaign, Illinois 2 $ 427,000 $ 213,500 $ 60,000
Winnebago, Illinois 2 $ 161,000 $ 80,500 $ 90,000
Linn, Iowa 2 $ 70,000 $ 35,000 $ 44,000
Cowley, Kansas 2 $ 110,000 $ 55,000 $ 46,000
Sedgwick, Kansas 2 $ 82,000 $ 41,000 $ 29,000
Ramsey, Minnesota 2 $ 177,000 $ 88,500 $ 72,000
Scott, Minnesota 2 $ 217,000 $ 108,500 $ 127,000
St. Louis, Missouri 2 $ 394,000 $ 197,000 $ 206,000
Guilford, North Carolina 2 $ 188,000 $ 94,000 $ 38,000
Washington, Oregon 2 $ 625,000 $ 312,500 $ 105,000
Shelby, Tennessee 2 $ 315,000 $ 157,500 $ 82,000
Williamson, Texas 2 $ 355,000 $ 177,500 $ 137,000
Fairfax, Virginia 2 $ 304,000 $ 152,000 $ 150,000
Loudoun, Virginia 2 $ 414,000 $ 207,000 $ 97,000
Kenosha, Wisconsin 2 $ 461,000 $ 230,500 $ 145,000
Pima, Arizona 1 $ 126,000 $ 126,000 $ 87,000
Marin, California 1 $ 318,000 $ 318,000 $ 107,000
Monterey, California 1 $ 357,000 $ 357,000 $ 68,000
San Bernardino, California 1 $ 98,000 $ 98,000 $ 112,000
San Diego, California 1 $ 546,000 $ 546,000 $ 188,000
Ventura, California 1 $ 250,000 $ 250,000 $ 105,000
Hillsborough, Florida 1 $ 100,000 $ 100,000 $ 38,000
Orange, Florida 1 $ 199,000 $ 199,000 $ 111,000
Canyon, Idaho 1 $ 21,000 $ 21,000 $ 60,000
Boone, Illinois 1 $ 231,000 $ 231,000 $ 90,000
Lee, Illinois 1 $ 121,000 $ 121,000 $ 37,000
Ogle, Illinois 1 $ 93,000 $ 93,000 $ 42,000
Peoria, Illinois 1 $ 203,000 $ 203,000 $ 88,000
Hamilton, Indiana 1 $ 230,000 $ 230,000 $ 190,000
Lake, Indiana 1 $ 226,000 $ 226,000 $ 79,000
Marion, Indiana 1 $ 258,000 $ 258,000 $ 192,000
Starke, Indiana 1 $ 108,000 $ 108,000 $ 50,000
Geary, Kansas 1 $ 30,000 $ 30,000 $ 49,000
Laurel, Kentucky 1 $ 26,000 $ 26,000 $ 11,000
Pulaski, Kentucky 1 $ 28,000 $ 28,000 $ 32,000
Essex, Massachusetts 1 $ 195,000 $ 195,000 $ 46,000
Livingston, Michigan 1 $ 14,000 $ 14,000 $ 24,000
St. Joseph, Michigan 1 $ 180,000 $ 180,000 $ 111,000
Wayne, Michigan 1 $ 158,000 $ 158,000 $ 76,000
Washington, Minnesota 1 $ 43,000 $ 43,000 $ 36,000
Greene, Missouri 1 $ 17,000 $ 17,000 $ 44,000
Webster, Missouri 1 $ 27,000 $ 27,000 $ 32,000
Gallatin, Montana 1 $ 48,000 $ 48,000 $ 60,000
Prairie, Montana 1 $ 32,000 $ 32,000 $ 50,000
Richland, Montana 1 $ 59,000 $ 59,000 $ 35,000
Douglas, Nebraska 1 $ 34,000 $ 34,000 $ 21,000
Rockingham, New Hampshire 1 $ 222,000 $ 222,000 $ 109,000
Ontario, New York 1 $ 55,000 $ 55,000 $ 29,000
Durham, North Carolina 1 $ 262,000 $ 262,000 $ 142,000
Orange, North Carolina 1 $ 107,000 $ 107,000 $ 38,000
Rockingham, North Carolina 1 $ 215,000 $ 215,000 $ 160,000
Cuyahoga, Ohio 1 $ 188,000 $ 188,000 $ 169,000
Licking, Ohio 1 $ 235,000 $ 235,000 $ 93,000
Tuscarawas, Ohio 1 $ 23,000 $ 23,000 $ 62,000
Clackamas, Oregon 1 $ 234,000 $ 234,000 $ 91,000
Deschutes, Oregon 1 $ 102,000 $ 102,000 $ 154,000
Beaver, Pennsylvania 1 $ 42,000 $ 42,000 $ 16,000
Bucks, Pennsylvania 1 $ 26,000 $ 26,000 $ 24,000
Cumberland, Pennsylvania 1 $ 34,000 $ 34,000 $ 41,000
Erie, Pennsylvania 1 $ 38,000 $ 38,000 $ 71,000
Lackawanna, Pennsylvania 1 $ 42,000 $ 42,000 $ 79,000
Montgomery, Pennsylvania 1 $ 34,000 $ 34,000 $ 25,000
Northumberland, Pennsylvania 1 $ 68,000 $ 68,000 $ 42,000
Bexar, Texas 1 $ 166,000 $ 166,000 $ 70,000
Brazoria, Texas 1 $ 204,000 $ 204,000 $ 119,000
Denton, Texas 1 $ 103,000 $ 103,000 $ 185,000
Windsor, Vermont 1 $ 64,000 $ 64,000 $ 54,000
Henrico, Virginia 1 $ 112,000 $ 112,000 $ 131,000
Poquoson, Virginia 1 $ 77,000 $ 77,000 $ 47,000
Prince William, Virginia 1 $ 235,000 $ 235,000 $ 18,000
Mercer, West Virginia 1 $ 38,000 $ 38,000 $ 16,000
Dane, Wisconsin 1 $ 149,000 $ 149,000 $ 89,000
Fond du Lac, Wisconsin 1 $ 102,000 $ 102,000 $ 46,000
Waukesha, Wisconsin 1 $ 282,000 $ 282,000 $ 167,000
Wood, Wisconsin 1 $ 172,000 $ 172,000 $ 257,000
Albany, Wyoming 1 $ 53,000 $ 53,000 $ 31,000

Mortgage Loan Application Detail Totals for Devon Bank in 2013

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 363 $54,495,000 $150,000 $625,000 $86,000 $364,000
Refinancing 328 $64,364,000 $196,000 $865,000 $88,000 $364,000
Home Improvement 2 $144,000 $72,000 $100,000 $154,000 $176,000

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 313 $51,633,000 $164,000 $544,000 $76,000 $364,000
Asian 170 $29,392,000 $172,000 $420,000 $98,000 $356,000
Not Provided 156 $28,675,000 $183,000 $625,000 $104,000 $342,000
Hispanic 24 $3,731,000 $155,000 $322,000 $57,000 $101,000
Black or African American 23 $3,603,000 $156,000 $376,000 $106,000 $364,000
Not applicable 7 $1,969,000 $281,000 $865,000 $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) 686 $118,170,000 $172,000 $865,000 $88,000 $364,000
FHA-insured (Federal Housing Administration) 5 $563,000 $112,000 $147,000 $38,000 $45,000
VA-guaranteed (Veterans Administration) 2 $270,000 $135,000 $170,000 $36,000 $37,000
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 422 $73,335,000 $173,000 $865,000 $94,000 $364,000
Application Approved But Not Accepted 89 $15,844,000 $178,000 $544,000 $91,000 $323,000
Application Denied By Financial Institution 84 $13,780,000 $164,000 $417,000 $72,000 $342,000
Preapproval Denied by Financial Institution 66 $9,810,000 $148,000 $625,000 $57,000 $217,000
Application Withdrawn By Applicant 17 $3,476,000 $204,000 $450,000 $92,000 $241,000
File Closed For Incompleteness 15 $2,758,000 $183,000 $508,000 $99,000 $228,000
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Preapproval Approved but not Accepted 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 2013 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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