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Act (HMDA) records Devon Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Metropolitan Area in 2012

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 371 $ 86,215,000 $ 232,385 $ 96,000
Dallas-Plano-Irving, TX 27 $ 5,187,000 $ 192,111 $ 106,000
Lake County-Kenosha County, IL-WI 20 $ 4,697,000 $ 234,850 $ 106,050
Raleigh-Cary, NC 18 $ 3,303,000 $ 183,500 $ 82,000
Austin-Round Rock-San Marcos, TX 17 $ 3,066,000 $ 180,352 $ 107,000
Minneapolis-St. Paul-Bloomington, MN-WI 15 $ 2,203,000 $ 146,866 $ 80,000
Phoenix-Mesa-Glendale, AZ 13 $ 2,591,000 $ 199,307 $ 133,000
Houston-Sugar Land-Baytown, TX 12 $ 1,815,000 $ 151,250 $ 111,000
Riverside-San Bernardino-Ontario, CA 9 $ 1,810,000 $ 201,111 $ 89,000
Fort Worth-Arlington, TX 7 $ 981,000 $ 140,142 $ 180,000
Washington-Arlington-Alexandria, DC-VA-MD-WV 7 $ 1,262,000 $ 180,285 $ 98,000
Sacramento--Arden-Arcade--Roseville, CA 6 $ 939,000 $ 156,500 $ 92,000
San Jose-Sunnyvale-Santa Clara, CA 6 $ 2,630,000 $ 438,333 $ 141,000
Santa Ana-Anaheim-Irvine, CA 6 $ 1,938,000 $ 323,000 $ 216,000
St. Louis, MO-IL 6 $ 449,000 $ 74,833 $ 83,333
Indianapolis-Carmel, IN 5 $ 853,000 $ 170,600 $ 140,000
Kansas City, MO-KS 5 $ 1,284,000 $ 256,800 $ 288,000
Los Angeles-Long Beach-Glendale, CA 5 $ 1,135,000 $ 227,000 $ 97,000
Madison, WI 5 $ 1,409,000 $ 281,800 $ 98,000
Oakland-Fremont-Hayward, CA 5 $ 1,358,000 $ 271,600 $ 121,000
Champaign-Urbana, IL 4 $ 586,000 $ 146,500 $ 146,000
Greensboro-High Point, NC 4 $ 446,000 $ 111,500 $ 57,000
Milwaukee-Waukesha-West Allis, WI 4 $ 657,000 $ 164,250 $ 86,000
Portland-Vancouver-Hillsboro, OR-WA 4 $ 848,000 $ 212,000 $ 117,000
San Diego-Carlsbad-San Marcos, CA 4 $ 1,083,000 $ 270,750 $ 127,000
York-Hanover, PA 4 $ 465,000 $ 116,250 $ 121,000
Gary, IN 3 $ 631,000 $ 210,333 $ 63,000
Lancaster, PA 3 $ 191,000 $ 63,666 $ 60,000
Philadelphia, PA 3 $ 177,000 $ 59,000 $ 73,000
Allentown-Bethlehem-Easton, PA-NJ 2 $ 325,000 $ 162,500 $ 70,000
Baltimore-Towson, MD 2 $ 103,000 $ 51,500 $ 62,000
Charlotte-Gastonia-Rock Hill, NC-SC 2 $ 268,000 $ 134,000 $ 82,000
Columbus, OH 2 $ 154,000 $ 77,000 $ 31,000
Fort Collins-Loveland, CO 2 $ 340,000 $ 170,000 $ 142,000
Fresno, CA 2 $ 239,000 $ 119,500 $ 120,000
Manhattan, KS 2 $ 76,000 $ 38,000 $ 24,000
Memphis, TN-MS-AR 2 $ 138,000 $ 69,000 $ 74,000
Nashville-Davidson--Murfreesboro--Franklin, TN 2 $ 114,000 $ 57,000 $ 68,000
Pittsburgh, PA 2 $ 117,000 $ 58,500 $ 56,000
Richmond, VA 2 $ 171,000 $ 85,500 $ 45,000
Rochester, NY 2 $ 60,000 $ 30,000 $ 29,000
Rockford, IL 2 $ 246,000 $ 123,000 $ 59,000
San Francisco-San Mateo-Redwood City, CA 2 $ 340,000 $ 170,000 $ 66,000
Anniston-Oxford, AL 1 $ 126,000 $ 126,000 $ 282,000
Atlanta-Sandy Springs-Marietta, GA 1 $ 226,000 $ 226,000 $ 132,000
Baton Rouge, LA 1 $ 241,000 $ 241,000 $ 98,000
Billings, MT 1 $ 50,000 $ 50,000 $ 58,000
Birmingham-Hoover, AL 1 $ 307,000 $ 307,000 $ 71,000
Bloomington, IN 1 $ 13,000 $ 13,000 $ 27,000
Boston-Quincy, MA 1 $ 173,000 $ 173,000 $ 96,000
Cambridge-Newton-Framingham, MA 1 $ 403,000 $ 403,000 $ 264,000
Canton-Massillon, OH 1 $ 60,000 $ 60,000 $ 37,000
Cape Girardeau-Jackson, MO-IL 1 $ 26,000 $ 26,000 $ 30,000
Cincinnati-Middletown, OH-KY-IN 1 $ 19,000 $ 19,000 $ 28,000
College Station-Bryan, TX 1 $ 195,000 $ 195,000 $ 97,000
Columbus, IN 1 $ 84,000 $ 84,000 $ 53,000
Cumberland, MD-WV 1 $ 32,000 $ 32,000 $ 23,000
Denver-Aurora-Broomfield, CO 1 $ 263,000 $ 263,000 $ 118,000
Des Moines-West Des Moines, IA 1 $ 41,000 $ 41,000 $ 34,000
Detroit-Livonia-Dearborn, MI 1 $ 183,000 $ 183,000 $ 101,000
Dover, DE 1 $ 20,000 $ 20,000 $ 35,000
Durham-Chapel Hill, NC 1 $ 76,000 $ 76,000 $ 84,000
Eau Claire, WI 1 $ 35,000 $ 35,000 $ 17,000
El Paso, TX 1 $ 94,000 $ 94,000 $ 46,000
Elmira, NY 1 $ 42,000 $ 42,000 $ 30,000
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 1 $ 304,000 $ 304,000 $ 105,000
Harrisburg-Carlisle, PA 1 $ 139,000 $ 139,000 $ 103,000
Kankakee-Bradley, IL 1 $ 58,000 $ 58,000 $ 16,000
Knoxville, TN 1 $ 270,000 $ 270,000 $ 275,000
Lafayette, IN 1 $ 32,000 $ 32,000 $ 40,000
Lexington-Fayette, KY 1 $ 204,000 $ 204,000 $ 119,000
Morgantown, WV 1 $ 36,000 $ 36,000 $ 42,000
Nassau-Suffolk, NY 1 $ 197,000 $ 197,000 $ 79,000
New Haven-Milford, CT 1 $ 273,000 $ 273,000 $ 263,000
Oxnard-Thousand Oaks-Ventura, CA 1 $ 422,000 $ 422,000 $ 89,000
Peabody, MA 1 $ 337,000 $ 337,000 $ 56,000
Peoria, IL 1 $ 160,000 $ 160,000 $ 85,000
Salt Lake City, UT 1 $ 213,000 $ 213,000 $ 92,000
San Antonio-New Braunfels, TX 1 $ 186,000 $ 186,000 $ 73,000
Santa Rosa-Petaluma, CA 1 $ 350,000 $ 350,000 $ 137,000
Syracuse, NY 1 $ 52,000 $ 52,000 $ 53,000
Terre Haute, IN 1 $ 115,000 $ 115,000 $ 81,000
Wichita, KS 1 $ 32,000 $ 32,000 $ 26,000

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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