Hometown America Mortgage Lending & HMDA Data, 2006
In 2006, Hometown America of Chicago, IL reported 614 mortgage applications totaling $25.3 million, down 81% from 2005. The average application was for $41,252, and applicants reported an average income of $44,000. 38% of its applications resulted in an originated loan and 62% were denied. Its largest markets were Warren-Troy-Farmington Hills, MI (137), Denver-Aurora, CO (44) and Austin-Round Rock, TX (34) (applications in parentheses).
| Mortgage Company & Address | Hometown America 150 N. Wacker Dr., Ste. 2800 Chicago, IL 60606 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 |
| Total Number of Mortgage Applications | 614 |
| Total Mortgage Loan Application Amount | $25,329,000 |
| Average Mortgage Loan Application Amount | $41,252 |
| Highest Mortgage Loan Application Amount | $160,000 |
| Average Applicant Income | $44,000 |
| Highest Applicant Income | $263,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Hometown America filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Macomb, Michigan | 89 | $ 3,810,000 | $ 42,808 | $ 42,000 |
| Adams, Colorado | 44 | $ 1,215,000 | $ 27,613 | $ 43,000 |
| Travis, Texas | 34 | $ 777,000 | $ 22,852 | $ 38,000 |
| Tarrant, Texas | 32 | $ 1,594,000 | $ 49,812 | $ 41,000 |
| Genesee, Michigan | 29 | $ 1,143,000 | $ 39,413 | $ 42,000 |
| Palm Beach, Florida | 23 | $ 1,620,000 | $ 70,434 | $ 59,000 |
| Maricopa, Arizona | 22 | $ 1,204,000 | $ 54,727 | $ 49,000 |
| Oakland, Michigan | 22 | $ 896,000 | $ 40,727 | $ 39,000 |
| St. Clair, Michigan | 22 | $ 744,000 | $ 33,818 | $ 40,000 |
| Pima, Arizona | 20 | $ 723,000 | $ 36,150 | $ 41,000 |
| Kent, Michigan | 17 | $ 512,000 | $ 30,117 | $ 28,000 |
| Marion, Indiana | 16 | $ 374,000 | $ 23,375 | $ 35,000 |
| Weld, Colorado | 15 | $ 567,000 | $ 37,800 | $ 46,000 |
| Hillsborough, Florida | 15 | $ 878,000 | $ 58,533 | $ 41,000 |
| Dallas, Texas | 15 | $ 486,000 | $ 32,400 | $ 38,000 |
| Denton, Texas | 15 | $ 433,000 | $ 28,866 | $ 42,000 |
| Orange, Florida | 14 | $ 541,000 | $ 38,642 | $ 40,000 |
| Wayne, Michigan | 13 | $ 600,000 | $ 46,153 | $ 48,000 |
| Niagara, New York | 13 | $ 365,000 | $ 28,076 | $ 46,000 |
| Broward, Florida | 11 | $ 599,000 | $ 54,454 | $ 55,000 |
| Riverside, California | 9 | $ 714,000 | $ 79,333 | $ 54,000 |
| Johnson, Kansas | 9 | $ 296,000 | $ 32,888 | $ 43,000 |
| Monroe, Michigan | 9 | $ 365,000 | $ 40,555 | $ 41,000 |
| Hamilton, Indiana | 8 | $ 223,000 | $ 27,875 | $ 46,000 |
| Frederick, Virginia | 8 | $ 564,000 | $ 70,500 | $ 45,000 |
| Cass, North Dakota | 7 | $ 203,000 | $ 29,000 | $ 39,000 |
| Northampton, Pennsylvania | 6 | $ 298,000 | $ 49,666 | $ 47,000 |
| Boulder, Colorado | 5 | $ 89,000 | $ 17,800 | $ 30,000 |
| Boone, Indiana | 5 | $ 96,000 | $ 19,200 | $ 31,000 |
| Ionia, Michigan | 5 | $ 139,000 | $ 27,800 | $ 36,000 |
| Dakota, Minnesota | 5 | $ 181,000 | $ 36,200 | $ 61,000 |
| Washington, Minnesota | 5 | $ 224,000 | $ 44,800 | $ 47,000 |
| Lee, Florida | 4 | $ 444,000 | $ 111,000 | $ 100,000 |
| Seminole, Florida | 4 | $ 148,000 | $ 37,000 | $ 74,000 |
| Prince George's, Maryland | 4 | $ 345,000 | $ 86,250 | $ 71,000 |
| Barry, Michigan | 4 | $ 130,000 | $ 32,500 | $ 32,000 |
| Livingston, Michigan | 4 | $ 147,000 | $ 36,750 | $ 27,000 |
| Polk, Florida | 3 | $ 164,000 | $ 54,666 | $ 56,000 |
| Washtenaw, Michigan | 3 | $ 117,000 | $ 39,000 | $ 71,000 |
| Cumberland, New Jersey | 3 | $ 295,000 | $ 98,333 | $ 63,000 |
| Ocean, New Jersey | 3 | $ 53,000 | $ 17,666 | $ 28,000 |
| San Bernardino, California | 2 | $ 129,000 | $ 64,500 | $ 63,000 |
| Charlotte, Florida | 2 | $ 204,000 | $ 102,000 | $ 62,000 |
| Lake, Florida | 2 | $ 42,000 | $ 21,000 | $ 23,000 |
| Ada, Idaho | 2 | $ 87,000 | $ 43,500 | $ 37,000 |
| Kalamazoo, Michigan | 2 | $ 94,000 | $ 47,000 | $ 26,000 |
| Muskegon, Michigan | 2 | $ 51,000 | $ 25,500 | $ 32,000 |
| Clark, Nevada | 2 | $ 112,000 | $ 56,000 | $ 72,000 |
| Lehigh, Pennsylvania | 2 | $ 94,000 | $ 47,000 | $ 67,000 |
| Manatee, Florida | 1 | $ 28,000 | $ 28,000 | $ 24,000 |
| Pinellas, Florida | 1 | $ 78,000 | $ 78,000 | $ 40,000 |
| Ottawa, Michigan | 1 | $ 26,000 | $ 26,000 | $ 30,000 |
| Fairfax, Virginia | 1 | $ 68,000 | $ 68,000 | $ 88,000 |
Mortgage Loan Application Detail Totals for Hometown America in 2006
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 | 614 | $25,329,000 | $41,000 | $160,000 | $44,000 | $263,000 |
| Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 385 | $16,561,000 | $43,000 | $160,000 | $44,000 | $263,000 |
| Hispanic | 170 | $5,933,000 | $34,000 | $85,000 | $40,000 | $127,000 |
| Black or African American | 33 | $1,603,000 | $48,000 | $112,000 | $46,000 | $96,000 |
| American Indian or Alaskan Native | 15 | $681,000 | $45,000 | $129,000 | $44,000 | $92,000 |
| Not Provided | 8 | $430,000 | $53,000 | $105,000 | $57,000 | $88,000 |
| Asian | 2 | $97,000 | $48,000 | $55,000 | $37,000 | $38,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $24,000 | $24,000 | $24,000 | $76,000 | $76,000 |
| Not applicable | 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) | 614 | $25,329,000 | $41,000 | $160,000 | $44,000 | $263,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 378 | $15,937,000 | $42,000 | $160,000 | $39,000 | $132,000 |
| Loan Originated | 236 | $9,392,000 | $39,000 | $145,000 | $50,000 | $263,000 |
| 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 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 | 149 | $6,012,000 | $40,000 | $160,000 | $29,000 | $104,000 |
| Credit History | 90 | $3,726,000 | $41,000 | $86,000 | $43,000 | $107,000 |
| Other | 87 | $4,075,000 | $46,000 | $138,000 | $50,000 | $130,000 |
| Employment History | 48 | $1,956,000 | $40,000 | $112,000 | $40,000 | $77,000 |
| Unverifiable Information | 2 | $44,000 | $22,000 | $32,000 | $84,000 | $132,000 |
| Credit Application Incomplete | 2 | $124,000 | $62,000 | $72,000 | $61,000 | $65,000 |
| Collateral | 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 Hometown America's 2006 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 Hometown America'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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