Lake Forest Bank & Trust Co Mortgage Lending & HMDA Data, 2010
In 2010, Lake Forest Bank & Trust Co of Lake Forest, IL reported 1,523 mortgage applications totaling $362.9 million, up 8% from 2009. The average application was for $238,264, and applicants reported an average income of $180,952. 88% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Lake County-Kenosha County, IL-WI (1,141), Chicago-Joliet-Naperville, IL (296) and Los Angeles-Long Beach-Glendale, CA (5) (applications in parentheses).
| Mortgage Company & Address | Lake Forest Bank & Trust Co 727 N. Bank Lane Lake Forest, IL 60045 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,523 |
| Total Mortgage Loan Application Amount | $362,877,000 |
| Average Mortgage Loan Application Amount | $238,264 |
| Highest Mortgage Loan Application Amount | $2,450,000 |
| Average Applicant Income | $180,952 |
| Highest Applicant Income | $1,783,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Lake Forest Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Lake Forest Bank & Trust Co in 2010
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 | 1,217 | $305,838,000 | $251,000 | $1,253,000 | $191,000 | $1,783,000 |
| Home Purchase | 281 | $56,940,000 | $202,000 | $2,450,000 | $149,000 | $1,724,000 |
| Home Improvement | 25 | $99,000 | $3,000 | $5,000 | $51,000 | $98,000 |
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 | 1,221 | $313,746,000 | $256,000 | $2,450,000 | $198,000 | $1,783,000 |
| Hispanic | 110 | $9,239,000 | $83,000 | $373,000 | $53,000 | $251,000 |
| Not Provided | 81 | $21,295,000 | $262,000 | $581,000 | $211,000 | $1,519,000 |
| Black or African American | 58 | $5,616,000 | $96,000 | $417,000 | $105,000 | $792,000 |
| Asian | 38 | $6,981,000 | $183,000 | $417,000 | $131,000 | $702,000 |
| Not applicable | 13 | $5,701,000 | $438,000 | $1,253,000 | $0 | $0 |
| American Indian or Alaskan Native | 2 | $299,000 | $149,000 | $265,000 | $61,000 | $80,000 |
| 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) | 1,523 | $362,877,000 | $238,000 | $2,450,000 | $181,000 | $1,783,000 |
| 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 | 1,338 | $345,520,000 | $258,000 | $2,450,000 | $197,000 | $1,783,000 |
| Loan Purchased By The Institution | 99 | $2,993,000 | $30,000 | $35,000 | $42,000 | $64,000 |
| Application Denied By Financial Institution | 62 | $9,451,000 | $152,000 | $405,000 | $67,000 | $283,000 |
| Application Approved But Not Accepted | 13 | $2,923,000 | $224,000 | $417,000 | $190,000 | $1,011,000 |
| Application Withdrawn By Applicant | 11 | $1,990,000 | $180,000 | $417,000 | $78,000 | $218,000 |
| File Closed For Incompleteness | 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 | 28 | $3,821,000 | $136,000 | $382,000 | $46,000 | $124,000 |
| Collateral | 19 | $3,648,000 | $192,000 | $405,000 | $79,000 | $188,000 |
| Credit History | 13 | $1,623,000 | $124,000 | $294,000 | $77,000 | $177,000 |
| Credit Application Incomplete | 1 | $317,000 | $317,000 | $317,000 | $60,000 | $60,000 |
| Other | 1 | $42,000 | $42,000 | $42,000 | $283,000 | $283,000 |
| Unverifiable Information | 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 Lake Forest Bank & Trust Co's 2010 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 Lake Forest 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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