Greenchoice Bank, FSB Mortgage Lending & HMDA Data, 2013
In 2013, Greenchoice Bank, FSB of Cicero, IL reported 663 mortgage applications totaling $205.0 million, up 29% from 2012. The average application was for $309,221, and applicants reported an average income of $184,764. 70% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Chicago-Joliet-Naperville, IL (478), Lake County-Kenosha County, IL-WI (65) and Milwaukee-Waukesha-West Allis, WI (14) (applications in parentheses).
| Mortgage Company & Address | Greenchoice Bank, FSB 5225 W. 25th St Cicero, IL 60804 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2013 2012 2011 |
| Total Number of Mortgage Applications | 663 |
| Total Mortgage Loan Application Amount | $205,014,000 |
| Average Mortgage Loan Application Amount | $309,221 |
| Highest Mortgage Loan Application Amount | $1,650,000 |
| Average Applicant Income | $184,764 |
| Highest Applicant Income | $2,587,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Greenchoice Bank, FSB filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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-Joliet-Naperville, IL | 478 | $ 146,696,000 | $ 306,895 | $ 176,000 |
| Lake County-Kenosha County, IL-WI | 65 | $ 22,517,000 | $ 346,415 | $ 207,000 |
| Milwaukee-Waukesha-West Allis, WI | 14 | $ 4,690,000 | $ 335,000 | $ 295,000 |
| Los Angeles-Long Beach-Glendale, CA | 7 | $ 2,562,000 | $ 366,000 | $ 246,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 5 | $ 1,634,000 | $ 326,800 | $ 200,000 |
| Warren-Troy-Farmington Hills, MI | 5 | $ 1,289,000 | $ 257,800 | $ 203,000 |
| Gary, IN | 4 | $ 876,000 | $ 219,000 | $ 121,000 |
| Houston-Sugar Land-Baytown, TX | 4 | $ 533,000 | $ 133,250 | $ 74,000 |
| Phoenix-Mesa-Glendale, AZ | 4 | $ 1,053,000 | $ 263,250 | $ 162,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 4 | $ 1,259,000 | $ 314,750 | $ 371,000 |
| Cincinnati-Middletown, OH-KY-IN | 3 | $ 616,000 | $ 205,333 | $ 141,000 |
| Seattle-Bellevue-Everett, WA | 3 | $ 1,147,000 | $ 382,333 | $ 211,000 |
| South Bend-Mishawaka, IN-MI | 3 | $ 425,000 | $ 141,666 | $ 200,333 |
| Bethesda-Rockville-Frederick, MD | 2 | $ 490,000 | $ 245,000 | $ 105,000 |
| Boston-Quincy, MA | 2 | $ 538,000 | $ 269,000 | $ 219,000 |
| Camden, NJ | 2 | $ 671,000 | $ 335,500 | $ 130,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 412,000 | $ 206,000 | $ 401,000 |
| Dallas-Plano-Irving, TX | 2 | $ 546,000 | $ 273,000 | $ 265,000 |
| Denver-Aurora-Broomfield, CO | 2 | $ 480,000 | $ 240,000 | $ 119,000 |
| Edison-New Brunswick, NJ | 2 | $ 855,000 | $ 427,500 | $ 156,000 |
| Grand Rapids-Wyoming, MI | 2 | $ 565,000 | $ 282,500 | $ 208,000 |
| Las Vegas-Paradise, NV | 2 | $ 561,000 | $ 280,500 | $ 113,000 |
| Madison, WI | 2 | $ 582,000 | $ 291,000 | $ 86,000 |
| San Diego-Carlsbad-San Marcos, CA | 2 | $ 940,000 | $ 470,000 | $ 179,000 |
| San Francisco-San Mateo-Redwood City, CA | 2 | $ 1,146,000 | $ 573,000 | $ 273,000 |
| Santa Ana-Anaheim-Irvine, CA | 2 | $ 1,036,000 | $ 518,000 | $ 192,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 2 | $ 949,000 | $ 474,500 | $ 161,000 |
| Ann Arbor, MI | 1 | $ 390,000 | $ 390,000 | $ 117,000 |
| Atlanta-Sandy Springs-Marietta, GA | 1 | $ 302,000 | $ 302,000 | $ 108,000 |
| Atlantic City-Hammonton, NJ | 1 | $ 275,000 | $ 275,000 | $ 271,000 |
| Austin-Round Rock-San Marcos, TX | 1 | $ 325,000 | $ 325,000 | $ 187,000 |
| Beaumont-Port Arthur, TX | 1 | $ 147,000 | $ 147,000 | $ 80,000 |
| Bloomington, IN | 1 | $ 278,000 | $ 278,000 | $ 173,000 |
| Boise City-Nampa, ID | 1 | $ 395,000 | $ 395,000 | $ 431,000 |
| Bridgeport-Stamford-Norwalk, CT | 1 | $ 340,000 | $ 340,000 | $ 226,000 |
| Detroit-Livonia-Dearborn, MI | 1 | $ 116,000 | $ 116,000 | $ 33,000 |
| Greeley, CO | 1 | $ 297,000 | $ 297,000 | $ 90,000 |
| Greensboro-High Point, NC | 1 | $ 102,000 | $ 102,000 | $ 95,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 411,000 | $ 411,000 | $ 382,000 |
| Indianapolis-Carmel, IN | 1 | $ 184,000 | $ 184,000 | $ 53,000 |
| Lakeland-Winter Haven, FL | 1 | $ 354,000 | $ 354,000 | $ 114,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 316,000 | $ 316,000 | $ 255,000 |
| Michigan City-La Porte, IN | 1 | $ 264,000 | $ 264,000 | $ 173,000 |
| Newark-Union, NJ-PA | 1 | $ 144,000 | $ 144,000 | $ 160,000 |
| Omaha-Council Bluffs, NE-IA | 1 | $ 135,000 | $ 135,000 | $ 253,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 395,000 | $ 395,000 | $ 200,000 |
| Portland-South Portland-Biddeford, ME | 1 | $ 400,000 | $ 400,000 | $ 170,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 1 | $ 399,000 | $ 399,000 | $ 116,000 |
| Racine, WI | 1 | $ 331,000 | $ 331,000 | $ 117,000 |
| Raleigh-Cary, NC | 1 | $ 126,000 | $ 126,000 | $ 50,000 |
| Riverside-San Bernardino-Ontario, CA | 1 | $ 352,000 | $ 352,000 | $ 348,000 |
| Savannah, GA | 1 | $ 85,000 | $ 85,000 | $ 108,000 |
| St. Louis, MO-IL | 1 | $ 311,000 | $ 311,000 | $ 114,000 |
| Wilmington, DE-MD-NJ | 1 | $ 398,000 | $ 398,000 | $ 190,000 |
Mortgage Loan Application Detail Totals for Greenchoice Bank, FSB 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 |
|---|---|---|---|---|---|---|
| Refinancing | 507 | $160,460,000 | $316,000 | $1,650,000 | $193,000 | $2,587,000 |
| Home Purchase | 156 | $44,554,000 | $285,000 | $920,000 | $158,000 | $1,020,000 |
| 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 | 597 | $186,503,000 | $312,000 | $1,650,000 | $187,000 | $2,587,000 |
| Asian | 35 | $9,789,000 | $279,000 | $520,000 | $170,000 | $427,000 |
| Hispanic | 15 | $5,100,000 | $340,000 | $1,087,000 | $201,000 | $758,000 |
| Black or African American | 10 | $2,186,000 | $218,000 | $417,000 | $89,000 | $166,000 |
| Not Provided | 4 | $1,148,000 | $287,000 | $417,000 | $145,000 | $192,000 |
| American Indian or Alaskan Native | 1 | $250,000 | $250,000 | $250,000 | $51,000 | $51,000 |
| Not applicable | 1 | $38,000 | $38,000 | $38,000 | $250,000 | $250,000 |
| 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) | 663 | $205,014,000 | $309,000 | $1,650,000 | $184,000 | $2,587,000 |
| 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 | 464 | $143,809,000 | $309,000 | $1,163,000 | $187,000 | $2,587,000 |
| Application Withdrawn By Applicant | 131 | $40,702,000 | $310,000 | $1,650,000 | $189,000 | $1,725,000 |
| File Closed For Incompleteness | 47 | $14,431,000 | $307,000 | $517,000 | $164,000 | $479,000 |
| Application Approved But Not Accepted | 16 | $4,822,000 | $301,000 | $433,000 | $142,000 | $391,000 |
| Application Denied By Financial Institution | 5 | $1,250,000 | $250,000 | $324,000 | $176,000 | $514,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 2 | $547,000 | $273,000 | $324,000 | $100,000 | $130,000 |
| Credit History | 1 | $245,000 | $245,000 | $245,000 | $514,000 | $514,000 |
| Debt-To-Income Ratio | 1 | $228,000 | $228,000 | $228,000 | $68,000 | $68,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $230,000 | $230,000 | $230,000 | $101,000 | $101,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Greenchoice Bank, FSB'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 Greenchoice Bank, FSB'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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