Icnb Mortgage Company LLC Mortgage Lending & HMDA Data, 2012
In 2012, Icnb Mortgage Company LLC of Ionia, MI reported 173 mortgage applications totaling $17.4 million, up 16% from 2011. The average application was for $100,537, and applicants reported an average income of $69,173. 66% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Grand Rapids-Wyoming, MI (142), Lansing-East Lansing, MI (6) and Holland-Grand Haven, MI (2) (applications in parentheses).
| Mortgage Company & Address | Icnb Mortgage Company LLC 302 W Main St Ionia, MI 48846 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 2010 |
| Total Number of Mortgage Applications | 173 |
| Total Mortgage Loan Application Amount | $17,393,000 |
| Average Mortgage Loan Application Amount | $100,537 |
| Highest Mortgage Loan Application Amount | $374,000 |
| Average Applicant Income | $69,173 |
| Highest Applicant Income | $326,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Icnb Mortgage Company LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Icnb Mortgage Company LLC 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 | 115 | $12,612,000 | $109,000 | $374,000 | $65,000 | $259,000 |
| Home Purchase | 46 | $4,292,000 | $93,000 | $228,000 | $82,000 | $326,000 |
| Home Improvement | 12 | $489,000 | $40,000 | $100,000 | $60,000 | $153,000 |
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 | 169 | $16,991,000 | $100,000 | $374,000 | $69,000 | $326,000 |
| Not Provided | 2 | $220,000 | $110,000 | $120,000 | $43,000 | $53,000 |
| Asian | 1 | $110,000 | $110,000 | $110,000 | $175,000 | $175,000 |
| Black or African American | 1 | $72,000 | $72,000 | $72,000 | $25,000 | $25,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 172 | $17,316,000 | $100,000 | $374,000 | $70,000 | $326,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $77,000 | $77,000 | $77,000 | $47,000 | $47,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 115 | $10,780,000 | $93,000 | $293,000 | $72,000 | $326,000 |
| Application Denied By Financial Institution | 38 | $4,520,000 | $118,000 | $374,000 | $58,000 | $237,000 |
| Application Approved But Not Accepted | 15 | $1,752,000 | $116,000 | $200,000 | $71,000 | $237,000 |
| Application Withdrawn By Applicant | 3 | $278,000 | $92,000 | $120,000 | $55,000 | $66,000 |
| File Closed For Incompleteness | 2 | $63,000 | $31,000 | $35,000 | $136,000 | $259,000 |
| 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 |
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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Icnb Mortgage Company LLC'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 Icnb Mortgage Company LLC'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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