First Chicago Bank & Trust Mortgage Lending & HMDA Data, 2009
In 2009, First Chicago Bank & Trust of Itasca, IL reported 59 mortgage applications totaling $17.4 million, down 53% from 2008. The average application was for $294,779, and applicants reported an average income of $77,932. 37% of its applications resulted in an originated loan and 24% were denied. Its largest markets were Chicago-Naperville-Joliet, IL (54), Las Vegas-Paradise, NV (1) and Phoenix-Mesa-Scottsdale, AZ (1) (applications in parentheses).
| Mortgage Company & Address | First Chicago Bank & Trust 1145 N. Arlington Heights Rd Itasca, IL 60143 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 |
| Total Number of Mortgage Applications | 59 |
| Total Mortgage Loan Application Amount | $17,392,000 |
| Average Mortgage Loan Application Amount | $294,779 |
| Highest Mortgage Loan Application Amount | $3,115,000 |
| Average Applicant Income | $77,932 |
| Highest Applicant Income | $579,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Chicago Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Chicago-Naperville-Joliet, IL | 54 | $ 16,385,000 | $ 303,425 | $ 63,000 |
| Las Vegas-Paradise, NV | 1 | $ 250,000 | $ 250,000 | $ 300,000 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 417,000 | $ 417,000 | $ 579,000 |
Mortgage Loan Application Detail Totals for First Chicago Bank & Trust in 2009
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 | 46 | $12,483,000 | $271,000 | $1,973,000 | $83,000 | $579,000 |
| Home Purchase | 13 | $4,909,000 | $377,000 | $3,115,000 | $60,000 | $196,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not Provided | 25 | $5,714,000 | $228,000 | $416,000 | $76,000 | $300,000 |
| White | 25 | $5,225,000 | $209,000 | $580,000 | $97,000 | $579,000 |
| Hispanic | 4 | $875,000 | $218,000 | $350,000 | $28,000 | $90,000 |
| Asian | 2 | $320,000 | $160,000 | $192,000 | $57,000 | $59,000 |
| Not applicable | 2 | $5,088,000 | $2,544,000 | $3,115,000 | $0 | $0 |
| Black or African American | 1 | $170,000 | $170,000 | $170,000 | $60,000 | $60,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 59 | $17,392,000 | $294,000 | $3,115,000 | $78,000 | $579,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 22 | $8,321,000 | $378,000 | $3,115,000 | $55,000 | $196,000 |
| Application Approved But Not Accepted | 20 | $4,651,000 | $232,000 | $417,000 | $107,000 | $579,000 |
| Application Denied By Financial Institution | 14 | $3,296,000 | $235,000 | $416,000 | $51,000 | $105,000 |
| Application Withdrawn By Applicant | 3 | $1,124,000 | $374,000 | $580,000 | $180,000 | $275,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 7 | $2,170,000 | $310,000 | $416,000 | $48,000 | $90,000 |
| Collateral | 5 | $910,000 | $182,000 | $321,000 | $54,000 | $105,000 |
| Credit History | 1 | $109,000 | $109,000 | $109,000 | $67,000 | $67,000 |
| Unverifiable Information | 1 | $107,000 | $107,000 | $107,000 | $39,000 | $39,000 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Chicago Bank & Trust's 2009 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 First Chicago Bank & Trust'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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