Lake Forest Bank & Trust Co Mortgage Lending & HMDA Data, 2012
In 2012, Lake Forest Bank & Trust Co of Lake Forest, IL reported 1,797 mortgage applications totaling $407.5 million, up 57% from 2011. The average application was for $226,744, and applicants reported an average income of $190,012. 89% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Lake County-Kenosha County, IL-WI (1,268), Chicago-Joliet-Naperville, IL (400) and Phoenix-Mesa-Glendale, AZ (16) (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 | 1,797 |
| Total Mortgage Loan Application Amount | $407,459,000 |
| Average Mortgage Loan Application Amount | $226,744 |
| Highest Mortgage Loan Application Amount | $10,140,000 |
| Average Applicant Income | $190,012 |
| Highest Applicant Income | $2,500,000 |
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records Lake Forest Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 | 1,394 | $340,645,000 | $244,000 | $3,500,000 | $189,000 | $2,500,000 |
| Home Purchase | 234 | $64,807,000 | $276,000 | $10,140,000 | $165,000 | $1,498,000 |
| Home Improvement | 169 | $2,007,000 | $11,000 | $350,000 | $233,000 | $994,000 |
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 | 1,409 | $334,775,000 | $237,000 | $3,500,000 | $211,000 | $2,500,000 |
| Not Provided | 160 | $38,987,000 | $243,000 | $1,683,000 | $175,000 | $1,056,000 |
| Hispanic | 105 | $9,900,000 | $94,000 | $398,000 | $62,000 | $193,000 |
| Black or African American | 72 | $2,848,000 | $39,000 | $196,000 | $74,000 | $128,000 |
| Asian | 32 | $7,053,000 | $220,000 | $590,000 | $139,000 | $653,000 |
| Not applicable | 17 | $13,547,000 | $796,000 | $10,140,000 | $0 | $0 |
| American Indian or Alaskan Native | 1 | $169,000 | $169,000 | $169,000 | $75,000 | $75,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $180,000 | $180,000 | $180,000 | $88,000 | $88,000 |
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) | 1,797 | $407,459,000 | $226,000 | $10,140,000 | $190,000 | $2,500,000 |
| 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 | 1,605 | $370,036,000 | $230,000 | $10,140,000 | $200,000 | $2,500,000 |
| Application Denied By Financial Institution | 142 | $25,119,000 | $176,000 | $605,000 | $98,000 | $566,000 |
| Application Withdrawn By Applicant | 34 | $10,113,000 | $297,000 | $1,493,000 | $147,000 | $563,000 |
| Application Approved But Not Accepted | 16 | $2,191,000 | $136,000 | $417,000 | $132,000 | $530,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 79 | $15,940,000 | $201,000 | $417,000 | $124,000 | $566,000 |
| Debt-To-Income Ratio | 41 | $5,937,000 | $144,000 | $417,000 | $51,000 | $120,000 |
| Credit History | 16 | $2,331,000 | $145,000 | $605,000 | $84,000 | $184,000 |
| Other | 6 | $911,000 | $151,000 | $398,000 | $106,000 | $154,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 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 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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