First Chicago Bank & Trust Mortgage Lending & HMDA Data, 2007
In 2007, First Chicago Bank & Trust of Itasca, IL reported 49 mortgage applications totaling $51.2 million, down 22% from 2006. The average application was for $1,045,551, and applicants reported an average income of $74,693. 90% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Chicago-Naperville-Joliet, IL (43) and Lake County-Kenosha County, IL-WI (6).
| 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 | 49 |
| Total Mortgage Loan Application Amount | $51,232,000 |
| Average Mortgage Loan Application Amount | $1,045,551 |
| Highest Mortgage Loan Application Amount | $10,000,000 |
| Average Applicant Income | $74,693 |
| Highest Applicant Income | $915,000 |
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records First Chicago Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for First Chicago Bank & Trust in 2007
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 | 21 | $20,232,000 | $963,000 | $10,000,000 | $100,000 | $915,000 |
| Home Improvement | 15 | $20,969,000 | $1,397,000 | $7,013,000 | $39,000 | $260,000 |
| Home Purchase | 13 | $10,031,000 | $771,000 | $1,720,000 | $75,000 | $307,000 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 21 | $35,812,000 | $1,705,000 | $10,000,000 | $0 | $0 |
| White | 19 | $9,219,000 | $485,000 | $1,720,000 | $161,000 | $915,000 |
| Hispanic | 5 | $4,171,000 | $834,000 | $2,146,000 | $61,000 | $306,000 |
| Asian | 2 | $1,273,000 | $636,000 | $913,000 | $39,000 | $56,000 |
| Black or African American | 1 | $340,000 | $340,000 | $340,000 | $143,000 | $143,000 |
| Not Provided | 1 | $417,000 | $417,000 | $417,000 | $97,000 | $97,000 |
| 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) | 49 | $51,232,000 | $1,045,000 | $10,000,000 | $75,000 | $915,000 |
| 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 | 44 | $45,029,000 | $1,023,000 | $10,000,000 | $81,000 | $915,000 |
| Application Approved But Not Accepted | 4 | $5,786,000 | $1,446,000 | $2,146,000 | $0 | $0 |
| Application Denied By Financial Institution | 1 | $417,000 | $417,000 | $417,000 | $97,000 | $97,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 1 | $417,000 | $417,000 | $417,000 | $97,000 | $97,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Chicago Bank & Trust's 2007 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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