Devon Bank Mortgage Lending & HMDA Data, 2011

In 2011, Devon Bank of Chicago, IL reported 452 mortgage applications totaling $68.7 million, up 8% from 2010. The average application was for $151,966, and applicants reported an average income of $95,042. 49% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Chicago-Joliet-Naperville, IL (107), Dallas-Plano-Irving, TX (19) and Minneapolis-St. Paul-Bloomington, MN-WI (17) (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 452
Total Mortgage Loan Application Amount $68,689,000
Average Mortgage Loan Application Amount $151,966
Highest Mortgage Loan Application Amount $2,039,000
Average Applicant Income $95,042
Highest Applicant Income $679,000

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Act (HMDA) records Devon Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Metropolitan Area in 2011

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Chicago-Joliet-Naperville, IL 107 $ 23,649,000 $ 221,018 $ 124,000
Dallas-Plano-Irving, TX 19 $ 3,230,000 $ 170,000 $ 95,000
Minneapolis-St. Paul-Bloomington, MN-WI 17 $ 1,975,000 $ 116,176 $ 85,000
Houston-Sugar Land-Baytown, TX 16 $ 2,458,000 $ 153,625 $ 95,000
Raleigh-Cary, NC 14 $ 2,488,000 $ 177,714 $ 105,000
Austin-Round Rock-San Marcos, TX 7 $ 1,203,000 $ 171,857 $ 95,000
Madison, WI 7 $ 1,019,000 $ 145,571 $ 66,000
New Orleans-Metairie-Kenner, LA 6 $ 750,000 $ 125,000 $ 128,000
Phoenix-Mesa-Glendale, AZ 6 $ 1,218,000 $ 203,000 $ 160,000
San Jose-Sunnyvale-Santa Clara, CA 6 $ 2,681,000 $ 446,833 $ 177,000
Baltimore-Towson, MD 4 $ 261,000 $ 65,250 $ 60,000
Boston-Quincy, MA 4 $ 1,091,000 $ 272,750 $ 141,000
Cambridge-Newton-Framingham, MA 4 $ 395,000 $ 98,750 $ 112,000
Indianapolis-Carmel, IN 4 $ 537,000 $ 134,250 $ 93,000
Lake County-Kenosha County, IL-WI 4 $ 1,267,000 $ 316,750 $ 123,000
Milwaukee-Waukesha-West Allis, WI 4 $ 944,000 $ 236,000 $ 239,000
Philadelphia, PA 4 $ 157,000 $ 39,250 $ 35,000
Riverside-San Bernardino-Ontario, CA 4 $ 1,042,000 $ 260,500 $ 97,000
San Diego-Carlsbad-San Marcos, CA 4 $ 1,276,000 $ 319,000 $ 108,000
Santa Ana-Anaheim-Irvine, CA 4 $ 663,000 $ 165,750 $ 215,000
Springfield, IL 4 $ 364,000 $ 91,000 $ 64,000
Detroit-Livonia-Dearborn, MI 3 $ 541,000 $ 180,333 $ 99,000
Fort Worth-Arlington, TX 3 $ 406,000 $ 135,333 $ 80,000
Lancaster, PA 3 $ 89,000 $ 29,666 $ 50,000
Nassau-Suffolk, NY 3 $ 799,000 $ 266,333 $ 93,000
Pittsburgh, PA 3 $ 125,000 $ 41,666 $ 57,000
Sacramento--Arden-Arcade--Roseville, CA 3 $ 511,000 $ 170,333 $ 111,000
Scranton--Wilkes-Barre, PA 3 $ 147,000 $ 49,000 $ 42,000
Seattle-Bellevue-Everett, WA 3 $ 534,000 $ 178,000 $ 96,000
South Bend-Mishawaka, IN-MI 3 $ 259,000 $ 86,333 $ 49,000
St. Louis, MO-IL 3 $ 194,000 $ 64,666 $ 34,000
Binghamton, NY 2 $ 61,000 $ 30,500 $ 39,000
Bloomington, IN 2 $ 51,000 $ 25,500 $ 78,000
Boise City-Nampa, ID 2 $ 102,000 $ 51,000 $ 34,000
Columbus, OH 2 $ 279,000 $ 139,500 $ 91,000
Durham-Chapel Hill, NC 2 $ 228,000 $ 114,000 $ 57,000
Elmira, NY 2 $ 81,000 $ 40,500 $ 46,000
Evansville, IN-KY 2 $ 198,000 $ 99,000 $ 118,000
Greensboro-High Point, NC 2 $ 183,000 $ 91,500 $ 82,000
Harrisburg-Carlisle, PA 2 $ 98,000 $ 49,000 $ 33,000
Los Angeles-Long Beach-Glendale, CA 2 $ 774,000 $ 387,000 $ 122,000
Manhattan, KS 2 $ 99,000 $ 49,500 $ 36,000
New York-White Plains-Wayne, NY-NJ 2 $ 733,000 $ 366,500 $ 99,000
Oakland-Fremont-Hayward, CA 2 $ 656,000 $ 328,000 $ 132,000
Peoria, IL 2 $ 175,000 $ 87,500 $ 59,000
Rockford, IL 2 $ 207,000 $ 103,500 $ 75,000
Rockingham County-Strafford County, NH 2 $ 163,000 $ 81,500 $ 42,000
Warren-Troy-Farmington Hills, MI 2 $ 212,000 $ 106,000 $ 85,000
Albany-Schenectady-Troy, NY 1 $ 28,000 $ 28,000 $ 31,000
Anderson, IN 1 $ 23,000 $ 23,000 $ 47,000
Atlanta-Sandy Springs-Marietta, GA 1 $ 182,000 $ 182,000 $ 177,000
Baton Rouge, LA 1 $ 350,000 $ 350,000 $ 534,000
Birmingham-Hoover, AL 1 $ 417,000 $ 417,000 $ 115,000
Bloomington-Normal, IL 1 $ 24,000 $ 24,000 $ 94,000
Burlington-South Burlington, VT 1 $ 59,000 $ 59,000 $ 76,000
Cincinnati-Middletown, OH-KY-IN 1 $ 34,000 $ 34,000 $ 18,000
College Station-Bryan, TX 1 $ 188,000 $ 188,000 $ 108,000
Dayton, OH 1 $ 19,000 $ 19,000 $ 53,000
Denver-Aurora-Broomfield, CO 1 $ 82,000 $ 82,000 $ 46,000
Fairbanks, AK 1 $ 182,000 $ 182,000 $ 65,000
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 1 $ 235,000 $ 235,000 $ 164,000
Fort Smith, AR-OK 1 $ 240,000 $ 240,000 $ 229,000
Fresno, CA 1 $ 235,000 $ 235,000 $ 96,000
Gary, IN 1 $ 417,000 $ 417,000 $ 485,000
Huntington-Ashland, WV-KY-OH 1 $ 56,000 $ 56,000 $ 137,000
Jacksonville, FL 1 $ 59,000 $ 59,000 $ 65,000
Kankakee-Bradley, IL 1 $ 36,000 $ 36,000 $ 61,000
Kansas City, MO-KS 1 $ 24,000 $ 24,000 $ 34,000
Kokomo, IN 1 $ 23,000 $ 23,000 $ 63,000
Lafayette, IN 1 $ 17,000 $ 17,000 $ 31,000
Lebanon, PA 1 $ 42,000 $ 42,000 $ 40,000
Lynchburg, VA 1 $ 50,000 $ 50,000 $ 28,000
Oklahoma City, OK 1 $ 168,000 $ 168,000 $ 90,000
Orlando-Kissimmee-Sanford, FL 1 $ 56,000 $ 56,000 $ 53,000
Oxnard-Thousand Oaks-Ventura, CA 1 $ 495,000 $ 495,000 $ 179,000
Portland-Vancouver-Hillsboro, OR-WA 1 $ 241,000 $ 241,000 $ 219,000
Richmond, VA 1 $ 100,000 $ 100,000 $ 28,000
Rochester, NY 1 $ 29,000 $ 29,000 $ 22,000
San Francisco-San Mateo-Redwood City, CA 1 $ 240,000 $ 240,000 $ 72,000
Santa Rosa-Petaluma, CA 1 $ 350,000 $ 350,000 $ 135,000
Springfield, OH 1 $ 31,000 $ 31,000 $ 60,000
Toledo, OH 1 $ 34,000 $ 34,000 $ 20,000
Topeka, KS 1 $ 51,000 $ 51,000 $ 51,000
Tulsa, OK 1 $ 85,000 $ 85,000 $ 80,000
Virginia Beach-Norfolk-Newport News, VA-NC 1 $ 56,000 $ 56,000 $ 49,000
Washington-Arlington-Alexandria, DC-VA-MD-WV 1 $ 302,000 $ 302,000 $ 87,000
Waterloo-Cedar Falls, IA 1 $ 18,000 $ 18,000 $ 32,000
Wichita, KS 1 $ 47,000 $ 47,000 $ 21,000
York-Hanover, PA 1 $ 23,000 $ 23,000 $ 54,000

Mortgage Loan Application Detail Totals for Devon Bank in 2011

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 307 $36,556,000 $119,000 $2,039,000 $85,000 $485,000
Refinancing 142 $31,621,000 $222,000 $1,500,000 $115,000 $679,000
Home Improvement 3 $512,000 $170,000 $350,000 $178,000 $534,000

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 206 $21,480,000 $104,000 $698,000 $76,000 $485,000
Asian 116 $22,815,000 $196,000 $1,500,000 $118,000 $679,000
Not Provided 105 $18,779,000 $178,000 $1,410,000 $116,000 $534,000
Black or African American 14 $1,520,000 $108,000 $200,000 $61,000 $165,000
Hispanic 5 $356,000 $71,000 $158,000 $53,000 $79,000
Not applicable 3 $3,576,000 $1,192,000 $2,039,000 $0 $0
American Indian or Alaskan Native 2 $107,000 $53,000 $89,000 $79,000 $125,000
Native Hawaiian or Other Pacific Islander 1 $56,000 $56,000 $56,000 $49,000 $49,000

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) 451 $68,542,000 $151,000 $2,039,000 $95,000 $679,000
FHA-insured (Federal Housing Administration) 1 $147,000 $147,000 $147,000 $33,000 $33,000
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 223 $34,899,000 $156,000 $2,039,000 $108,000 $679,000
Application Approved But Not Accepted 84 $9,816,000 $116,000 $520,000 $87,000 $291,000
Application Denied By Financial Institution 61 $8,595,000 $140,000 $1,410,000 $66,000 $233,000
Application Withdrawn By Applicant 55 $10,732,000 $195,000 $698,000 $90,000 $522,000
Preapproval Denied by Financial Institution 21 $3,072,000 $146,000 $416,000 $84,000 $274,000
File Closed For Incompleteness 8 $1,575,000 $196,000 $400,000 $94,000 $177,000
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 2011 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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