Lake Forest Bank & Trust Company, N.A. Mortgage Lending & HMDA Data, 2017
In 2017, Lake Forest Bank & Trust Company, N.A. of Lake Forest, IL reported 35 mortgage applications totaling $28.9 million. The average application was for $825,628, and applicants reported an average income of $315,857. 100% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Lake County-Kenosha County, IL-WI (18), Chicago-Naperville-Arlington Heights, IL (12) and Miami-Miami Beach-Kendall, FL (1) (applications in parentheses).
| Mortgage Company & Address | Lake Forest Bank & Trust Company, N.A. 727 N. Bank Lane Lake Forest, IL 60045 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 |
| Total Number of Mortgage Applications | 35 |
| Total Mortgage Loan Application Amount | $28,897,000 |
| Average Mortgage Loan Application Amount | $825,628 |
| Highest Mortgage Loan Application Amount | $8,500,000 |
| Average Applicant Income | $315,857 |
| Highest Applicant Income | $3,330,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Lake Forest Bank & Trust Company, N.A. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Company, N.A. in 2017
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 | 15 | $21,277,000 | $1,418,000 | $8,500,000 | $543,000 | $3,330,000 |
| Home Purchase | 13 | $5,230,000 | $402,000 | $1,151,000 | $142,000 | $852,000 |
| Home Improvement | 7 | $2,390,000 | $341,000 | $836,000 | $152,000 | $305,000 |
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 | 16 | $10,033,000 | $627,000 | $2,345,000 | $482,000 | $3,330,000 |
| Not applicable | 10 | $12,641,000 | $1,264,000 | $8,500,000 | $0 | $0 |
| Asian | 4 | $1,268,000 | $317,000 | $910,000 | $233,000 | $912,000 |
| Not Provided | 3 | $4,770,000 | $1,590,000 | $3,500,000 | $780,000 | $1,921,000 |
| Black or African American | 1 | $2,000 | $2,000 | $2,000 | $18,000 | $18,000 |
| Hispanic | 1 | $183,000 | $183,000 | $183,000 | $62,000 | $62,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 35 | $28,897,000 | $825,000 | $8,500,000 | $316,000 | $3,330,000 |
| 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 | 35 | $28,897,000 | $825,000 | $8,500,000 | $316,000 | $3,330,000 |
| 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 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Denied By Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 Lake Forest Bank & Trust Company, N.A.'s 2017 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 Company, N.A.'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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