Hyde Park Bank Mortgage Lending & HMDA Data, 2012
In 2012, Hyde Park Bank of Chicago, IL reported 76 mortgage applications totaling $33.4 million, up 27% from 2011. The average application was for $440,000, and applicants reported an average income of $60,131. 54% of its applications resulted in an originated loan and 21% were denied. Its largest markets were Chicago-Joliet-Naperville, IL (65), Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (1) and Gary, IN (1) (applications in parentheses).
| Mortgage Company & Address | Hyde Park Bank 1525 E 53rd Street Chicago, IL 60615 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 76 |
| Total Mortgage Loan Application Amount | $33,440,000 |
| Average Mortgage Loan Application Amount | $440,000 |
| Highest Mortgage Loan Application Amount | $2,700,000 |
| Average Applicant Income | $60,131 |
| Highest Applicant Income | $342,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Hyde Park Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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-Joliet-Naperville, IL | 65 | $ 30,972,000 | $ 476,492 | $ 56,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 138,000 | $ 138,000 | $ 63,000 |
| Gary, IN | 1 | $ 250,000 | $ 250,000 | $ 0 |
| Lake County-Kenosha County, IL-WI | 1 | $ 100,000 | $ 100,000 | $ 178,000 |
Mortgage Loan Application Detail Totals for Hyde Park Bank in 2012
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 | 46 | $26,142,000 | $568,000 | $2,700,000 | $49,000 | $255,000 |
| Home Purchase | 24 | $5,877,000 | $244,000 | $910,000 | $66,000 | $208,000 |
| Home Improvement | 6 | $1,421,000 | $236,000 | $410,000 | $122,000 | $342,000 |
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 | 34 | $11,121,000 | $327,000 | $950,000 | $91,000 | $342,000 |
| Not applicable | 20 | $14,020,000 | $701,000 | $1,650,000 | $0 | $0 |
| Not Provided | 10 | $6,732,000 | $673,000 | $2,700,000 | $62,000 | $194,000 |
| Black or African American | 10 | $1,282,000 | $128,000 | $235,000 | $83,000 | $147,000 |
| Hispanic | 1 | $160,000 | $160,000 | $160,000 | $0 | $0 |
| Asian | 1 | $125,000 | $125,000 | $125,000 | $54,000 | $54,000 |
| American Indian or Alaskan Native | 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) | 75 | $33,365,000 | $444,000 | $2,700,000 | $61,000 | $342,000 |
| VA-guaranteed (Veterans Administration) | 1 | $75,000 | $75,000 | $75,000 | $39,000 | $39,000 |
| 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 |
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 | 41 | $18,834,000 | $459,000 | $1,650,000 | $48,000 | $187,000 |
| Application Denied By Financial Institution | 16 | $8,669,000 | $541,000 | $2,700,000 | $45,000 | $194,000 |
| Application Withdrawn By Applicant | 7 | $2,891,000 | $413,000 | $900,000 | $116,000 | $342,000 |
| Preapproval Approved but not Accepted | 6 | $1,745,000 | $290,000 | $825,000 | $106,000 | $208,000 |
| Application Approved But Not Accepted | 3 | $656,000 | $218,000 | $300,000 | $91,000 | $147,000 |
| Preapproval Denied by Financial Institution | 2 | $235,000 | $117,000 | $160,000 | $33,000 | $39,000 |
| File Closed For Incompleteness | 1 | $410,000 | $410,000 | $410,000 | $136,000 | $136,000 |
| Loan Purchased By The 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 | 8 | $1,310,000 | $163,000 | $400,000 | $35,000 | $61,000 |
| Collateral | 5 | $2,609,000 | $521,000 | $950,000 | $70,000 | $194,000 |
| Other | 5 | $4,985,000 | $997,000 | $2,700,000 | $31,000 | $157,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Hyde Park Bank's 2012 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 Hyde Park 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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