Harris Bank Arlington-Meadows Mortgage Lending & HMDA Data, 2003
In 2003, Harris Bank Arlington-Meadows of Rolling Meadows, IL reported 112 mortgage applications totaling $17.5 million. The average application was for $156,303, and applicants reported an average income of $57,464. 38% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Chicago, IL (104) and Appleton-Oshkosh-Neenah, WI (1).
| Mortgage Company & Address | Harris Bank Arlington-Meadows 3225 Kirchoff Road Rolling Meadows, IL 60008 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2004 2003 |
| Total Number of Mortgage Applications | 112 |
| Total Mortgage Loan Application Amount | $17,506,000 |
| Average Mortgage Loan Application Amount | $156,303 |
| Highest Mortgage Loan Application Amount | $950,000 |
| Average Applicant Income | $57,464 |
| Highest Applicant Income | $440,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Harris Bank Arlington-Meadows filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Harris Bank Arlington-Meadows in 2003
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 (home purchase or home improvement, one-to-four family) | 63 | $10,617,000 | $385,500 | $950,000 | $151,750 | $306,000 |
| Home Purchase (one-to-four family) | 33 | $5,607,000 | $264,000 | $638,000 | $65,500 | $440,000 |
| Home Improvement (one-to-four family) | 14 | $829,000 | $59,000 | $350,000 | $61,000 | $211,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 2 | $453,000 | $226,000 | $378,000 | $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 applicable | 64 | $11,185,000 | $200,666 | $700,000 | $0 | $0 |
| White | 33 | $4,393,000 | $181,000 | $638,000 | $133,000 | $260,000 |
| Information not provided by applicant in mail or telephone application | 10 | $1,734,000 | $518,500 | $950,000 | $187,500 | $306,000 |
| Hispanic | 3 | $36,000 | $12,000 | $20,000 | $33,000 | $47,000 |
| Black | 1 | $95,000 | $95,000 | $95,000 | $440,000 | $440,000 |
| Other | 1 | $63,000 | $63,000 | $63,000 | $46,000 | $46,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian or 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) | 112 | $17,506,000 | $408,500 | $950,000 | $122,750 | $440,000 |
| 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 Purchased By The Institution | 58 | $9,496,000 | $196,666 | $700,000 | $0 | $0 |
| Loan Originated | 42 | $7,074,000 | $444,333 | $950,000 | $194,000 | $440,000 |
| Application Denied By Financial Institution | 10 | $883,000 | $88,000 | $217,000 | $41,000 | $86,000 |
| Application Approved But Not Accepted | 2 | $53,000 | $26,000 | $47,000 | $79,000 | $98,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 5 | $586,000 | $117,000 | $205,000 | $47,000 | $74,000 |
| Credit History | 3 | $51,000 | $17,000 | $35,000 | $52,000 | $86,000 |
| Employment History | 1 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 |
| Other | 1 | $217,000 | $217,000 | $217,000 | $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 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Harris Bank Arlington-Meadows's 2003 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 Harris Bank Arlington-Meadows'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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