Bank CMG Mortgage Lending & HMDA Data, 2022

In 2022, Bank CMG of Madison, WI reported 183 mortgage applications totaling $77.3 million, down 63% from 2021. The average application was for $422,267, and applicants reported an average income of $206,748. 83% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Racine, WI (20), Milwaukee-Waukesha-West Allis, WI (19) and Madison, WI (16) (applications in parentheses).

Mortgage Company & Address Bank CMG
8020 Excelsior Dr Ste 100
Madison, WI 53717
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  
Total Number of Mortgage Applications 183
Total Mortgage Loan Application Amount $77,275,000
Average Mortgage Loan Application Amount $422,267
Highest Mortgage Loan Application Amount $7,975,000
Average Applicant Income $206,748
Highest Applicant Income $4,172,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bank CMG filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Bank CMG by County in 2022

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Walworth, Wisconsin 50 $ 16,050,000 $ 321,000 $ 206,000
Jefferson, Wisconsin 27 $ 4,965,000 $ 183,888 $ 259,000
Racine, Wisconsin 20 $ 13,490,000 $ 674,500 $ 137,000
Rock, Wisconsin 14 $ 2,720,000 $ 194,285 $ 149,000
Waukesha, Wisconsin 13 $ 4,595,000 $ 353,461 $ 155,000
Green, Wisconsin 8 $ 1,610,000 $ 201,250 $ 81,000
Kenosha, Wisconsin 8 $ 2,130,000 $ 266,250 $ 134,000
Dane, Wisconsin 7 $ 1,445,000 $ 206,428 $ 128,000
Milwaukee, Wisconsin 3 $ 335,000 $ 111,666 $ 181,000
Washington, Wisconsin 3 $ 715,000 $ 238,333 $ 302,000
Cook, Illinois 2 $ 1,690,000 $ 845,000 $ 0
Lyon, Minnesota 2 $ 2,890,000 $ 1,445,000 $ 0
Osage, Oklahoma 2 $ 3,260,000 $ 1,630,000 $ 0
Dunn, Wisconsin 2 $ 200,000 $ 100,000 $ 0
Lafayette, Wisconsin 2 $ 460,000 $ 230,000 $ 90,000
Pulaski, Arkansas 1 $ 4,005,000 $ 4,005,000 $ 4,172,000
Darke, Ohio 1 $ 3,605,000 $ 3,605,000 $ 0
Henry, Ohio 1 $ 3,605,000 $ 3,605,000 $ 0
Richland, Ohio 1 $ 4,805,000 $ 4,805,000 $ 0
Adams, Wisconsin 1 $ 175,000 $ 175,000 $ 113,000
Columbia, Wisconsin 1 $ 155,000 $ 155,000 $ 87,000
Grant, Wisconsin 1 $ 75,000 $ 75,000 $ 0
Green Lake, Wisconsin 1 $ 105,000 $ 105,000 $ 191,000
Jackson, Wisconsin 1 $ 255,000 $ 255,000 $ 98,000
Monroe, Wisconsin 1 $ 95,000 $ 95,000 $ 138,000
Oconto, Wisconsin 1 $ 225,000 $ 225,000 $ 96,000
Richland, Wisconsin 1 $ 215,000 $ 215,000 $ 148,000
Vilas, Wisconsin 1 $ 435,000 $ 435,000 $ 608,000
Winnebago, Wisconsin 1 $ 145,000 $ 145,000 $ 191,000
Wood, Wisconsin 1 $ 1,355,000 $ 1,355,000 $ 0

Mortgage Loan Application Detail Totals for Bank CMG in 2022

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 95 $48,355,000 $509,000 $7,975,000 $225,000 $3,033,000
Refinancing 46 $16,100,000 $350,000 $4,805,000 $132,000 $446,000
Cash-out Refinancing 28 $6,980,000 $249,000 $555,000 $122,000 $217,000
Other Purpose 10 $5,350,000 $535,000 $4,005,000 $646,000 $4,172,000
Home Improvement 4 $490,000 $122,000 $275,000 $128,000 $181,000
Not Applicable 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 131 $40,245,000 $307,000 $4,005,000 $224,000 $4,172,000
Not applicable 35 $33,655,000 $961,000 $7,975,000 $106,000 $106,000
Not Provided 11 $2,225,000 $202,000 $305,000 $129,000 $195,000
Hispanic 6 $1,150,000 $191,000 $285,000 $106,000 $196,000
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
Asian 0 $0 $0 $0 $0 $0
Black or African American 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) 183 $77,275,000 $422,000 $7,975,000 $211,000 $4,172,000
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 151 $68,895,000 $456,000 $7,975,000 $226,000 $4,172,000
Application Denied By Financial Institution 15 $4,455,000 $297,000 $635,000 $127,000 $250,000
Application Approved But Not Accepted 10 $2,660,000 $266,000 $515,000 $141,000 $252,000
Application Withdrawn By Applicant 6 $1,130,000 $188,000 $285,000 $90,000 $90,000
File Closed For Incompleteness 1 $135,000 $135,000 $135,000 $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
Not applicable 168 $72,820,000 $433,000 $7,975,000 $218,000 $4,172,000
Debt-To-Income Ratio 5 $1,725,000 $345,000 $635,000 $88,000 $163,000
Credit History 3 $315,000 $105,000 $195,000 $92,000 $92,000
Unverifiable Information 2 $1,060,000 $530,000 $555,000 $180,000 $180,000
Collateral 2 $630,000 $315,000 $375,000 $142,000 $176,000
Credit Application Incomplete 2 $500,000 $250,000 $285,000 $138,000 $250,000
Employment History 1 $225,000 $225,000 $225,000 $217,000 $217,000
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 Bank CMG's 2022 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 Bank CMG'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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