Libertyville Bank & Trust Company Mortgage Lending & HMDA Data, 2008
In 2008, Libertyville Bank & Trust Company of Libertyville, IL reported 70 mortgage applications totaling $18.5 million, up 11% from 2007. The average application was for $263,614, and applicants reported an average income of $144,042. 74% of its applications resulted in an originated loan and 23% were denied. Its largest markets were Lake County-Kenosha County, IL-WI (43), Chicago-Naperville-Joliet, IL (21) and Tuscaloosa, AL (2) (applications in parentheses).
| Mortgage Company & Address | Libertyville Bank & Trust Company 507 N. Milwaukee Ave. Libertyville, IL 60048 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 70 |
| Total Mortgage Loan Application Amount | $18,453,000 |
| Average Mortgage Loan Application Amount | $263,614 |
| Highest Mortgage Loan Application Amount | $1,393,000 |
| Average Applicant Income | $144,042 |
| Highest Applicant Income | $1,278,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Libertyville Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Libertyville Bank & Trust Company 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 |
|---|---|---|---|---|---|---|
| Refinancing | 33 | $10,530,000 | $319,000 | $1,393,000 | $121,000 | $1,278,000 |
| Home Purchase | 31 | $7,850,000 | $253,000 | $1,100,000 | $174,000 | $1,030,000 |
| Home Improvement | 6 | $73,000 | $12,000 | $28,000 | $116,000 | $227,000 |
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 | 39 | $7,386,000 | $189,000 | $844,000 | $157,000 | $892,000 |
| Not applicable | 19 | $6,452,000 | $339,000 | $1,393,000 | $0 | $0 |
| Black or African American | 4 | $1,754,000 | $438,000 | $1,100,000 | $17,000 | $69,000 |
| Hispanic | 4 | $1,016,000 | $254,000 | $400,000 | $659,000 | $1,278,000 |
| Not Provided | 3 | $745,000 | $248,000 | $376,000 | $70,000 | $76,000 |
| Asian | 1 | $1,100,000 | $1,100,000 | $1,100,000 | $1,030,000 | $1,030,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 70 | $18,453,000 | $263,000 | $1,393,000 | $144,000 | $1,278,000 |
| 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 | 52 | $15,443,000 | $296,000 | $1,393,000 | $168,000 | $1,278,000 |
| Application Denied By Financial Institution | 16 | $2,358,000 | $147,000 | $464,000 | $75,000 | $186,000 |
| Application Approved But Not Accepted | 2 | $652,000 | $326,000 | $417,000 | $61,000 | $123,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 12 | $2,118,000 | $176,000 | $464,000 | $86,000 | $186,000 |
| Credit History | 3 | $30,000 | $10,000 | $20,000 | $38,000 | $72,000 |
| Other | 1 | $210,000 | $210,000 | $210,000 | $61,000 | $61,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 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 Libertyville Bank & Trust Company'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 Libertyville Bank & Trust Company'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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