Harris Bank Hoffman-Schaumburg Mortgage Lending & HMDA Data, 2004
In 2004, Harris Bank Hoffman-Schaumburg of Hoffman Estates, IL reported 60 mortgage applications totaling $10.2 million, down 63% from 2003. The average application was for $169,866, and applicants reported an average income of $65,150. 27% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Chicago-Naperville-Joliet, IL (53), Lake County-Kenosha County, IL-WI (2) and Naples-Marco Island, FL (1) (applications in parentheses).
| Mortgage Company & Address | Harris Bank Hoffman-Schaumburg 1100 N. Roselle Rd Hoffman Estates, IL 60195 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2004 2003 |
| Total Number of Mortgage Applications | 60 |
| Total Mortgage Loan Application Amount | $10,192,000 |
| Average Mortgage Loan Application Amount | $169,866 |
| Highest Mortgage Loan Application Amount | $430,000 |
| Average Applicant Income | $65,150 |
| Highest Applicant Income | $544,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Harris Bank Hoffman-Schaumburg filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Hoffman-Schaumburg in 2004
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 | 44 | $8,059,000 | $160,000 | $390,000 | $21,666 | $350,000 |
| Refinancing | 11 | $1,794,000 | $163,000 | $430,000 | $64,000 | $544,000 |
| Home Improvement | 5 | $339,000 | $67,000 | $213,000 | $121,000 | $371,000 |
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 | 41 | $8,474,000 | $168,666 | $382,000 | $0 | $0 |
| White | 10 | $1,054,000 | $105,000 | $430,000 | $138,000 | $544,000 |
| Not Provided | 6 | $188,000 | $31,000 | $60,000 | $139,000 | $371,000 |
| American Indian or Alaskan Native | 1 | $70,000 | $70,000 | $70,000 | $80,000 | $80,000 |
| Asian | 1 | $390,000 | $390,000 | $390,000 | $0 | $0 |
| Black or African American | 1 | $16,000 | $16,000 | $16,000 | $52,000 | $52,000 |
| Hispanic | 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) | 60 | $10,192,000 | $155,333 | $430,000 | $25,000 | $544,000 |
| 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 | 41 | $8,474,000 | $168,666 | $382,000 | $0 | $0 |
| Loan Originated | 16 | $1,642,000 | $102,000 | $430,000 | $139,000 | $544,000 |
| Application Denied By Financial Institution | 2 | $68,000 | $34,000 | $58,000 | $23,000 | $46,000 |
| Application Approved But Not Accepted | 1 | $8,000 | $8,000 | $8,000 | $73,000 | $73,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 2 | $68,000 | $34,000 | $58,000 | $23,000 | $46,000 |
| 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 Harris Bank Hoffman-Schaumburg's 2004 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 Hoffman-Schaumburg'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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