Lafayette Bank & Trust NA Mortgage Lending & HMDA Data, 2008
In 2008, Lafayette Bank & Trust NA of Lafayette, IN reported 440 mortgage applications totaling $44.2 million, down 20% from 2007. The average application was for $100,438, and applicants reported an average income of $74,131. 77% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Lafayette, IN (276), Gary, IN (42) and Indianapolis-Carmel, IN (16) (applications in parentheses).
| Mortgage Company & Address | Lafayette Bank & Trust NA 250 Main St Lafayette, IN 47901 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 440 |
| Total Mortgage Loan Application Amount | $44,193,000 |
| Average Mortgage Loan Application Amount | $100,438 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $74,131 |
| Highest Applicant Income | $1,911,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Lafayette Bank & Trust NA filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Lafayette Bank & Trust NA in 2008
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 | 192 | $21,997,000 | $114,000 | $1,000,000 | $74,000 | $1,911,000 |
| Refinancing | 183 | $21,077,000 | $115,000 | $956,000 | $80,000 | $725,000 |
| Home Improvement | 65 | $1,119,000 | $17,000 | $100,000 | $58,000 | $230,000 |
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 | 416 | $42,113,000 | $101,000 | $1,000,000 | $76,000 | $1,911,000 |
| Black or African American | 9 | $826,000 | $91,000 | $139,000 | $37,000 | $64,000 |
| Hispanic | 7 | $495,000 | $70,000 | $119,000 | $50,000 | $99,000 |
| Not Provided | 6 | $719,000 | $119,000 | $340,000 | $37,000 | $70,000 |
| American Indian or Alaskan Native | 2 | $40,000 | $20,000 | $30,000 | $43,000 | $68,000 |
| Asian | 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 |
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) | 366 | $36,990,000 | $101,000 | $1,000,000 | $81,000 | $1,911,000 |
| FHA-insured (Federal Housing Administration) | 66 | $6,321,000 | $95,000 | $203,000 | $39,000 | $89,000 |
| VA-guaranteed (Veterans Administration) | 8 | $882,000 | $110,000 | $228,000 | $37,000 | $62,000 |
| 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 | 338 | $31,478,000 | $93,000 | $956,000 | $78,000 | $1,911,000 |
| Application Denied By Financial Institution | 48 | $5,331,000 | $111,000 | $352,000 | $52,000 | $150,000 |
| Application Withdrawn By Applicant | 27 | $4,396,000 | $162,000 | $1,000,000 | $73,000 | $639,000 |
| Application Approved But Not Accepted | 14 | $1,847,000 | $131,000 | $388,000 | $88,000 | $224,000 |
| Preapproval Denied by Financial Institution | 12 | $1,069,000 | $89,000 | $133,000 | $44,000 | $75,000 |
| File Closed For Incompleteness | 1 | $72,000 | $72,000 | $72,000 | $43,000 | $43,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval 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 |
|---|---|---|---|---|---|---|
| Collateral | 21 | $2,247,000 | $107,000 | $219,000 | $58,000 | $133,000 |
| Credit History | 16 | $1,405,000 | $87,000 | $203,000 | $42,000 | $72,000 |
| Debt-To-Income Ratio | 13 | $1,634,000 | $125,000 | $352,000 | $47,000 | $123,000 |
| Other | 5 | $633,000 | $126,000 | $200,000 | $67,000 | $150,000 |
| Employment History | 4 | $393,000 | $98,000 | $137,000 | $36,000 | $64,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $88,000 | $88,000 | $88,000 | $20,000 | $20,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Lafayette Bank & Trust NA's 2008 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 Lafayette Bank & Trust NA'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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