Harris Trust and Savings Bank Mortgage Lending & HMDA Data, 2004
In 2004, Harris Trust and Savings Bank of Chicago, IL reported 10,801 mortgage applications totaling $2.3 billion, down 41% from 2003. The average application was for $211,075, and applicants reported an average income of $96,275. 79% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Chicago-Naperville-Joliet, IL (7,862), Lake County-Kenosha County, IL-WI (996) and Phoenix-Mesa-Scottsdale, AZ (322) (applications in parentheses).
| Mortgage Company & Address | Harris Trust and Savings Bank 111 West Monroe Street Chicago, IL 60603 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2004 2003 |
| Total Number of Mortgage Applications | 10,801 |
| Total Mortgage Loan Application Amount | $2,279,829,000 |
| Average Mortgage Loan Application Amount | $211,075 |
| Highest Mortgage Loan Application Amount | $10,000,000 |
| Average Applicant Income | $96,275 |
| Highest Applicant Income | $7,764,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Harris Trust and Savings Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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-Naperville-Joliet, IL | 7,862 | $ 1,540,202,000 | $ 195,904 | $ 83,000 |
| Lake County-Kenosha County, IL-WI | 996 | $ 291,189,000 | $ 292,358 | $ 124,000 |
| Phoenix-Mesa-Scottsdale, AZ | 322 | $ 74,714,000 | $ 232,031 | $ 131,000 |
| Peoria, IL | 258 | $ 34,741,000 | $ 134,655 | $ 66,000 |
| Gary, IN | 106 | $ 17,088,000 | $ 161,207 | $ 102,000 |
| Sarasota-Bradenton-Venice, FL | 67 | $ 19,325,000 | $ 288,432 | $ 122,000 |
| Rockford, IL | 61 | $ 8,247,000 | $ 135,196 | $ 64,000 |
| Naples-Marco Island, FL | 49 | $ 23,590,000 | $ 481,428 | $ 247,000 |
| Cape Coral-Fort Myers, FL | 41 | $ 11,093,000 | $ 270,560 | $ 203,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 41 | $ 12,419,000 | $ 302,902 | $ 160,000 |
| Seattle-Bellevue-Everett, WA | 31 | $ 12,716,000 | $ 410,193 | $ 50,000 |
| Vero Beach, FL | 28 | $ 8,584,000 | $ 306,571 | $ 84,000 |
| Tucson, AZ | 22 | $ 5,280,000 | $ 240,000 | $ 41,000 |
| Tampa-St. Petersburg-Clearwater, FL | 21 | $ 5,446,000 | $ 259,333 | $ 201,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 19 | $ 4,713,000 | $ 248,052 | $ 916,000 |
| Davenport-Moline-Rock Island, IA-IL | 17 | $ 2,028,000 | $ 119,294 | $ 72,000 |
| Niles-Benton Harbor, MI | 17 | $ 6,329,000 | $ 372,294 | $ 382,000 |
| Kankakee-Bradley, IL | 15 | $ 2,160,000 | $ 144,000 | $ 61,000 |
| Bridgeport-Stamford-Norwalk, CT | 11 | $ 7,234,000 | $ 657,636 | $ 467,000 |
| Las Vegas-Paradise, NV | 11 | $ 3,435,000 | $ 312,272 | $ 136,000 |
| Michigan City-La Porte, IN | 11 | $ 3,428,000 | $ 311,636 | $ 241,000 |
| Los Angeles-Long Beach-Glendale, CA | 10 | $ 4,069,000 | $ 406,900 | $ 107,000 |
| Dallas-Plano-Irving, TX | 9 | $ 4,767,000 | $ 529,666 | $ 362,000 |
| Orlando, FL | 9 | $ 2,024,000 | $ 224,888 | $ 98,000 |
| Atlanta-Sandy Springs-Marietta, GA | 8 | $ 2,881,000 | $ 360,125 | $ 324,000 |
| Miami-Miami Beach-Kendall, FL | 8 | $ 2,832,000 | $ 354,000 | $ 137,000 |
| San Francisco-San Mateo-Redwood City, CA | 8 | $ 4,673,000 | $ 584,125 | $ 252,000 |
| Denver-Aurora, CO | 7 | $ 1,863,000 | $ 266,142 | $ 74,000 |
| Milwaukee-Waukesha-West Allis, WI | 7 | $ 1,270,000 | $ 181,428 | $ 125,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 7 | $ 2,030,000 | $ 290,000 | $ 115,000 |
| Newark-Union, NJ-PA | 7 | $ 3,473,000 | $ 496,142 | $ 285,000 |
| Kalamazoo-Portage, MI | 6 | $ 841,000 | $ 140,166 | $ 61,000 |
| Port St. Lucie-Fort Pierce, FL | 6 | $ 1,182,000 | $ 197,000 | $ 60,000 |
| Riverside-San Bernardino-Ontario, CA | 6 | $ 2,161,000 | $ 360,166 | $ 404,000 |
| Bethesda-Frederick-Gaithersburg, MD | 5 | $ 2,505,000 | $ 501,000 | $ 431,000 |
| Flagstaff, AZ | 5 | $ 708,000 | $ 141,600 | $ 0 |
| Houston-Baytown-Sugar Land, TX | 5 | $ 1,104,000 | $ 220,800 | $ 181,000 |
| Knoxville, TN | 5 | $ 1,188,000 | $ 237,600 | $ 140,000 |
| Palm Bay-Melbourne-Titusville, FL | 5 | $ 1,651,000 | $ 330,200 | $ 105,000 |
| Prescott, AZ | 5 | $ 1,204,000 | $ 240,800 | $ 85,000 |
| Albuquerque, NM | 4 | $ 465,000 | $ 116,250 | $ 39,000 |
| Bloomington-Normal, IL | 4 | $ 694,000 | $ 173,500 | $ 145,000 |
| Edison, NJ | 4 | $ 981,000 | $ 245,250 | $ 61,000 |
| Madison, WI | 4 | $ 677,000 | $ 169,250 | $ 128,000 |
| New York-Wayne-White Plains, NY-NJ | 4 | $ 2,010,000 | $ 502,500 | $ 236,000 |
| Philadelphia, PA | 4 | $ 710,000 | $ 177,500 | $ 35,000 |
| Racine, WI | 4 | $ 753,000 | $ 188,250 | $ 102,000 |
| Santa Ana-Anaheim-Irvine, CA | 4 | $ 11,100,000 | $ 2,775,000 | $ 242,000 |
| Sheboygan, WI | 4 | $ 1,011,000 | $ 252,750 | $ 81,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 4 | $ 1,921,000 | $ 480,250 | $ 160,000 |
| Akron, OH | 3 | $ 182,000 | $ 60,666 | $ 31,000 |
| Appleton, WI | 3 | $ 596,000 | $ 198,666 | $ 120,000 |
| Austin-Round Rock, TX | 3 | $ 987,000 | $ 329,000 | $ 61,000 |
| Champaign-Urbana, IL | 3 | $ 184,000 | $ 61,333 | $ 45,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 3 | $ 708,000 | $ 236,000 | $ 10,000 |
| Durham, NC | 3 | $ 1,070,000 | $ 356,666 | $ 112,000 |
| Essex County, MA | 3 | $ 1,085,000 | $ 361,666 | $ 218,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 3 | $ 434,000 | $ 144,666 | $ 91,000 |
| Nashville-Davidson--Murfreesboro, TN | 3 | $ 505,000 | $ 168,333 | $ 226,000 |
| Nassau-Suffolk, NY | 3 | $ 2,949,000 | $ 983,000 | $ 503,000 |
| Oakland-Fremont-Hayward, CA | 3 | $ 861,000 | $ 287,000 | $ 38,000 |
| Salt Lake City, UT | 3 | $ 1,183,000 | $ 394,333 | $ 105,000 |
| San Diego-Carlsbad-San Marcos, CA | 3 | $ 2,212,000 | $ 737,333 | $ 149,000 |
| St. Louis, MO-IL | 3 | $ 545,000 | $ 181,666 | $ 132,000 |
| Warren-Farmington Hills-Troy, MI | 3 | $ 690,000 | $ 230,000 | $ 72,000 |
| Ann Arbor, MI | 2 | $ 452,000 | $ 226,000 | $ 1,806,000 |
| Baltimore-Towson, MD | 2 | $ 287,000 | $ 143,500 | $ 196,000 |
| Bloomington, IN | 2 | $ 163,000 | $ 81,500 | $ 25,000 |
| Boston-Quincy, MA | 2 | $ 918,000 | $ 459,000 | $ 384,000 |
| Burlington-South Burlington, VT | 2 | $ 268,000 | $ 134,000 | $ 50,000 |
| Charleston-North Charleston, SC | 2 | $ 935,000 | $ 467,500 | $ 272,000 |
| Charlotte-Gastonia-Concord, NC-SC | 2 | $ 381,000 | $ 190,500 | $ 199,000 |
| Cleveland-Elyria-Mentor, OH | 2 | $ 297,000 | $ 148,500 | $ 63,000 |
| Columbus, OH | 2 | $ 280,000 | $ 140,000 | $ 58,000 |
| Danville, IL | 2 | $ 101,000 | $ 50,500 | $ 27,000 |
| Greeley, CO | 2 | $ 236,000 | $ 118,000 | $ 142,000 |
| Gulfport-Biloxi, MS | 2 | $ 306,000 | $ 153,000 | $ 0 |
| Holland-Grand Haven, MI | 2 | $ 2,128,000 | $ 1,064,000 | $ 461,000 |
| Indianapolis, IN | 2 | $ 261,000 | $ 130,500 | $ 77,000 |
| Janesville, WI | 2 | $ 192,000 | $ 96,000 | $ 41,000 |
| Lafayette, IN | 2 | $ 316,000 | $ 158,000 | $ 208,000 |
| McAllen-Edinburg-Pharr, TX | 2 | $ 205,000 | $ 102,500 | $ 45,000 |
| Omaha-Council Bluffs, NE-IA | 2 | $ 221,000 | $ 110,500 | $ 71,000 |
| Pensacola-Ferry Pass-Brent, FL | 2 | $ 190,000 | $ 95,000 | $ 46,000 |
| Raleigh-Cary, NC | 2 | $ 393,000 | $ 196,500 | $ 78,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 2 | $ 394,000 | $ 197,000 | $ 36,000 |
| San Antonio, TX | 2 | $ 241,000 | $ 120,500 | $ 52,000 |
| Springfield, MO | 2 | $ 183,000 | $ 91,500 | $ 28,000 |
| Tulsa, OK | 2 | $ 506,000 | $ 253,000 | $ 182,000 |
| Abilene, TX | 1 | $ 50,000 | $ 50,000 | $ 37,000 |
| Anderson, SC | 1 | $ 83,000 | $ 83,000 | $ 30,000 |
| Barnstable Town, MA | 1 | $ 200,000 | $ 200,000 | $ 0 |
| Bend, OR | 1 | $ 100,000 | $ 100,000 | $ 0 |
| Birmingham-Hoover, AL | 1 | $ 544,000 | $ 544,000 | $ 400,000 |
| Boise City-Nampa, ID | 1 | $ 300,000 | $ 300,000 | $ 100,000 |
| Boulder, CO | 1 | $ 490,000 | $ 490,000 | $ 240,000 |
| Bremerton-Silverdale, WA | 1 | $ 200,000 | $ 200,000 | $ 0 |
| Brunswick, GA | 1 | $ 928,000 | $ 928,000 | $ 0 |
| Cincinnati-Middletown, OH-KY-IN | 1 | $ 386,000 | $ 386,000 | $ 155,000 |
| Colorado Springs, CO | 1 | $ 127,000 | $ 127,000 | $ 0 |
| Decatur, AL | 1 | $ 92,000 | $ 92,000 | $ 133,000 |
| Des Moines, IA | 1 | $ 235,000 | $ 235,000 | $ 173,000 |
| Duluth, MN-WI | 1 | $ 406,000 | $ 406,000 | $ 0 |
| Fort Collins-Loveland, CO | 1 | $ 101,000 | $ 101,000 | $ 50,000 |
| Fort Walton Beach-Crestview-Destin, FL | 1 | $ 128,000 | $ 128,000 | $ 0 |
| Fort Worth-Arlington, TX | 1 | $ 65,000 | $ 65,000 | $ 40,000 |
| Fresno, CA | 1 | $ 145,000 | $ 145,000 | $ 0 |
| Grand Rapids-Wyoming, MI | 1 | $ 72,000 | $ 72,000 | $ 124,000 |
| Green Bay, WI | 1 | $ 87,000 | $ 87,000 | $ 64,000 |
| Hickory-Lenoir-Morganton, NC | 1 | $ 287,000 | $ 287,000 | $ 57,000 |
| Lakeland, FL | 1 | $ 146,000 | $ 146,000 | $ 44,000 |
| Laredo, TX | 1 | $ 30,000 | $ 30,000 | $ 90,000 |
| Louisville, KY-IN | 1 | $ 170,000 | $ 170,000 | $ 62,000 |
| Memphis, TN-MS-AR | 1 | $ 650,000 | $ 650,000 | $ 155,000 |
| Missoula, MT | 1 | $ 220,000 | $ 220,000 | $ 69,000 |
| Montgomery, AL | 1 | $ 79,000 | $ 79,000 | $ 64,000 |
| Mount Vernon-Anacortes, WA | 1 | $ 600,000 | $ 600,000 | $ 0 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 1 | $ 800,000 | $ 800,000 | $ 251,000 |
| Pascagoula, MS | 1 | $ 75,000 | $ 75,000 | $ 93,000 |
| Portland-Vancouver-Beaverton, OR-WA | 1 | $ 120,000 | $ 120,000 | $ 82,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 1 | $ 334,000 | $ 334,000 | $ 765,000 |
| Providence-New Bedford-Fall River, RI-MA | 1 | $ 1,000,000 | $ 1,000,000 | $ 550,000 |
| Punta Gorda, FL | 1 | $ 170,000 | $ 170,000 | $ 74,000 |
| Reno-Sparks, NV | 1 | $ 334,000 | $ 334,000 | $ 66,000 |
| Richmond, VA | 1 | $ 315,000 | $ 315,000 | $ 17,000 |
| Roanoke, VA | 1 | $ 334,000 | $ 334,000 | $ 111,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 1,000,000 | $ 1,000,000 | $ 311,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 1 | $ 1,000,000 | $ 1,000,000 | $ 807,000 |
| Santa Rosa-Petaluma, CA | 1 | $ 543,000 | $ 543,000 | $ 1,006,000 |
| Savannah, GA | 1 | $ 141,000 | $ 141,000 | $ 5,662,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 110,000 | $ 110,000 | $ 130,000 |
| Springfield, MA | 1 | $ 243,000 | $ 243,000 | $ 140,000 |
| Toledo, OH | 1 | $ 385,000 | $ 385,000 | $ 214,000 |
| Wichita, KS | 1 | $ 142,000 | $ 142,000 | $ 0 |
Mortgage Loan Application Detail Totals for Harris Trust and Savings Bank 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 |
|---|---|---|---|---|---|---|
| Refinancing | 5,389 | $1,099,761,000 | $320,083 | $10,000,000 | $196,777 | $7,764,000 |
| Home Purchase | 4,788 | $1,139,244,000 | $307,260 | $6,000,000 | $172,239 | $4,650,000 |
| Home Improvement | 624 | $40,824,000 | $81,666 | $650,000 | $232,000 | $1,020,000 |
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 |
|---|---|---|---|---|---|---|
| White | 6,314 | $1,351,633,000 | $352,444 | $10,000,000 | $210,600 | $7,764,000 |
| Not Provided | 1,587 | $422,288,000 | $320,277 | $2,400,000 | $255,222 | $5,662,000 |
| Hispanic | 1,472 | $193,315,000 | $144,111 | $1,000,000 | $82,888 | $540,000 |
| Not applicable | 562 | $179,627,000 | $402,000 | $6,000,000 | $2,666 | $207,000 |
| Black or African American | 502 | $58,574,000 | $130,400 | $980,000 | $84,500 | $500,000 |
| Asian | 307 | $64,531,000 | $238,153 | $2,000,000 | $103,461 | $3,080,000 |
| Native Hawaiian or Other Pacific Islander | 30 | $6,282,000 | $146,333 | $855,000 | $74,000 | $250,000 |
| American Indian or Alaskan Native | 27 | $3,579,000 | $147,500 | $287,000 | $60,250 | $167,000 |
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) | 10,801 | $2,279,829,000 | $316,666 | $10,000,000 | $184,604 | $7,764,000 |
| 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 | 8,559 | $1,781,706,000 | $302,347 | $6,000,000 | $205,086 | $7,764,000 |
| Application Denied By Financial Institution | 812 | $118,863,000 | $211,187 | $2,000,000 | $84,500 | $840,000 |
| Loan Purchased By The Institution | 526 | $139,607,000 | $369,000 | $2,000,000 | $0 | $0 |
| Application Approved But Not Accepted | 451 | $103,634,000 | $268,000 | $1,940,000 | $233,785 | $4,135,000 |
| Application Withdrawn By Applicant | 226 | $75,728,000 | $699,000 | $10,000,000 | $179,727 | $4,296,000 |
| File Closed For Incompleteness | 176 | $52,246,000 | $286,333 | $2,400,000 | $105,500 | $1,459,000 |
| Preapproval Denied by Financial Institution | 45 | $6,526,000 | $145,000 | $276,000 | $61,000 | $155,000 |
| Preapproval Approved but not Accepted | 6 | $1,519,000 | $253,000 | $500,000 | $103,000 | $135,000 |
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 | 505 | $74,650,000 | $202,250 | $2,000,000 | $71,500 | $840,000 |
| Credit History | 191 | $19,300,000 | $128,833 | $440,000 | $79,000 | $307,000 |
| Collateral | 82 | $14,087,000 | $174,571 | $790,000 | $60,428 | $266,000 |
| Other | 52 | $11,317,000 | $303,800 | $1,810,000 | $125,400 | $420,000 |
| Employment History | 20 | $4,987,000 | $245,500 | $1,700,000 | $128,750 | $440,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $747,000 | $170,333 | $224,000 | $87,333 | $130,000 |
| Credit Application Incomplete | 2 | $301,000 | $150,000 | $176,000 | $50,000 | $66,000 |
| Unverifiable Information | 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 Trust and Savings Bank'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 Trust and Savings Bank'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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