Itasca Bank & Trust Co. Mortgage Lending & HMDA Data, 2007
In 2007, Itasca Bank & Trust Co. of Itasca, IL reported 67 mortgage applications totaling $22.2 million, up 29% from 2006. The average application was for $331,641, and applicants reported an average income of $82,208. 85% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Chicago-Naperville-Joliet, IL (63) and Lake County-Kenosha County, IL-WI (3).
| Mortgage Company & Address | Itasca Bank & Trust Co. 308 W. Irving Park Road Itasca, IL 60143 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 67 |
| Total Mortgage Loan Application Amount | $22,220,000 |
| Average Mortgage Loan Application Amount | $331,641 |
| Highest Mortgage Loan Application Amount | $1,500,000 |
| Average Applicant Income | $82,208 |
| Highest Applicant Income | $395,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Itasca Bank & Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 63 | $ 20,820,000 | $ 330,476 | $ 77,000 |
| Lake County-Kenosha County, IL-WI | 3 | $ 1,353,000 | $ 451,000 | $ 159,000 |
Mortgage Loan Application Detail Totals for Itasca Bank & Trust Co. in 2007
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 | 36 | $12,818,000 | $356,000 | $760,000 | $118,000 | $395,000 |
| Home Improvement | 19 | $7,203,000 | $379,000 | $1,500,000 | $0 | $0 |
| Home Purchase | 12 | $2,199,000 | $183,000 | $343,000 | $105,000 | $350,000 |
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 | 42 | $13,515,000 | $321,000 | $760,000 | $114,000 | $395,000 |
| Not applicable | 19 | $7,203,000 | $379,000 | $1,500,000 | $0 | $0 |
| Asian | 3 | $778,000 | $259,000 | $343,000 | $139,000 | $350,000 |
| Hispanic | 3 | $724,000 | $241,000 | $328,000 | $88,000 | $165,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 67 | $22,220,000 | $331,000 | $1,500,000 | $82,000 | $395,000 |
| 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 | 57 | $18,150,000 | $318,000 | $1,500,000 | $76,000 | $395,000 |
| Application Approved But Not Accepted | 7 | $3,050,000 | $435,000 | $760,000 | $123,000 | $233,000 |
| Application Denied By Financial Institution | 2 | $860,000 | $430,000 | $600,000 | $127,000 | $170,000 |
| Application Withdrawn By Applicant | 1 | $160,000 | $160,000 | $160,000 | $9,000 | $9,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 1 | $600,000 | $600,000 | $600,000 | $85,000 | $85,000 |
| Collateral | 1 | $260,000 | $260,000 | $260,000 | $170,000 | $170,000 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Itasca Bank & Trust Co.'s 2007 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 Itasca Bank & Trust Co.'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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