Lifetime Financial Partners Mortgage Lending & HMDA Data, 2007
In 2007, Lifetime Financial Partners of Bloomingdale, IL reported 3,138 mortgage applications totaling $683.3 million. The average application was for $217,750, and applicants reported an average income of $60,905. 10% of its applications resulted in an originated loan and 40% were denied. Its largest markets were Chicago-Naperville-Joliet, IL (1,115), Lake County-Kenosha County, IL-WI (137) and St. Louis, MO-IL (55) (applications in parentheses).
| Mortgage Company & Address | Lifetime Financial Partners 121 Fairfield Way Suite 300 Bloomingdale, IL 60108 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 |
| Total Number of Mortgage Applications | 3,138 |
| Total Mortgage Loan Application Amount | $683,302,000 |
| Average Mortgage Loan Application Amount | $217,750 |
| Highest Mortgage Loan Application Amount | $3,000,000 |
| Average Applicant Income | $60,905 |
| Highest Applicant Income | $7,230,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Lifetime Financial Partners filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Cook, Illinois | 560 | $ 134,708,000 | $ 240,550 | $ 83,000 |
| Will, Illinois | 150 | $ 32,212,000 | $ 214,746 | $ 82,000 |
| DuPage, Illinois | 147 | $ 39,346,000 | $ 267,659 | $ 98,000 |
| Lake, Illinois | 137 | $ 33,545,000 | $ 244,854 | $ 88,000 |
| McHenry, Illinois | 107 | $ 23,575,000 | $ 220,327 | $ 85,000 |
| Kane, Illinois | 87 | $ 18,498,000 | $ 212,620 | $ 98,000 |
| Kendall, Illinois | 36 | $ 8,039,000 | $ 223,305 | $ 74,000 |
| St. Clair, Illinois | 29 | $ 4,683,000 | $ 161,482 | $ 67,000 |
| Winnebago, Illinois | 28 | $ 3,938,000 | $ 140,642 | $ 70,000 |
| Madison, Illinois | 20 | $ 3,114,000 | $ 155,700 | $ 86,000 |
| DeKalb, Illinois | 18 | $ 2,905,000 | $ 161,388 | $ 78,000 |
| LaSalle, Illinois | 18 | $ 2,791,000 | $ 155,055 | $ 67,000 |
| McLean, Illinois | 14 | $ 2,206,000 | $ 157,571 | $ 63,000 |
| Boone, Illinois | 11 | $ 1,957,000 | $ 177,909 | $ 58,000 |
| Ogle, Illinois | 11 | $ 1,539,000 | $ 139,909 | $ 69,000 |
| Grundy, Illinois | 10 | $ 2,372,000 | $ 237,200 | $ 97,000 |
| Peoria, Illinois | 9 | $ 1,178,000 | $ 130,888 | $ 62,000 |
| Kankakee, Illinois | 8 | $ 988,000 | $ 123,500 | $ 70,000 |
| Sangamon, Illinois | 8 | $ 1,132,000 | $ 141,500 | $ 50,000 |
| Tazewell, Illinois | 8 | $ 1,208,000 | $ 151,000 | $ 92,000 |
| Jo Daviess, Illinois | 6 | $ 937,000 | $ 156,166 | $ 49,000 |
| Lee, Illinois | 6 | $ 1,022,000 | $ 170,333 | $ 50,000 |
| Rock Island, Illinois | 6 | $ 900,000 | $ 150,000 | $ 77,000 |
| Bureau, Illinois | 5 | $ 749,000 | $ 149,800 | $ 70,000 |
| Livingston, Illinois | 5 | $ 769,000 | $ 153,800 | $ 86,000 |
| Stephenson, Illinois | 5 | $ 846,000 | $ 169,200 | $ 66,000 |
| Champaign, Illinois | 4 | $ 740,000 | $ 185,000 | $ 65,000 |
| Christian, Illinois | 4 | $ 532,000 | $ 133,000 | $ 47,000 |
| Marion, Illinois | 4 | $ 681,000 | $ 170,250 | $ 43,000 |
| Woodford, Illinois | 4 | $ 657,000 | $ 164,250 | $ 57,000 |
| Henry, Illinois | 3 | $ 432,000 | $ 144,000 | $ 92,000 |
| Jackson, Illinois | 3 | $ 429,000 | $ 143,000 | $ 122,000 |
| Macoupin, Illinois | 3 | $ 440,000 | $ 146,666 | $ 68,000 |
| Putnam, Illinois | 3 | $ 497,000 | $ 165,666 | $ 51,000 |
| Randolph, Illinois | 3 | $ 306,000 | $ 102,000 | $ 30,000 |
| Union, Illinois | 3 | $ 516,000 | $ 172,000 | $ 69,000 |
| Carroll, Illinois | 2 | $ 143,000 | $ 71,500 | $ 61,000 |
| Franklin, Illinois | 2 | $ 332,000 | $ 166,000 | $ 58,000 |
| Fulton, Illinois | 2 | $ 306,000 | $ 153,000 | $ 59,000 |
| Jefferson, Illinois | 2 | $ 358,000 | $ 179,000 | $ 94,000 |
| Macon, Illinois | 2 | $ 185,000 | $ 92,500 | $ 62,000 |
| Perry, Illinois | 2 | $ 168,000 | $ 84,000 | $ 32,000 |
| Whiteside, Illinois | 2 | $ 226,000 | $ 113,000 | $ 71,000 |
| Williamson, Illinois | 2 | $ 345,000 | $ 172,500 | $ 27,000 |
| Bond, Illinois | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Clay, Illinois | 1 | $ 90,000 | $ 90,000 | $ 43,000 |
| Clinton, Illinois | 1 | $ 178,000 | $ 178,000 | $ 72,000 |
| Fayette, Illinois | 1 | $ 221,000 | $ 221,000 | $ 0 |
| Greene, Illinois | 1 | $ 45,000 | $ 45,000 | $ 38,000 |
| Hamilton, Illinois | 1 | $ 156,000 | $ 156,000 | $ 36,000 |
| Hancock, Illinois | 1 | $ 224,000 | $ 224,000 | $ 53,000 |
| Henderson, Illinois | 1 | $ 340,000 | $ 340,000 | $ 180,000 |
| Iroquois, Illinois | 1 | $ 126,000 | $ 126,000 | $ 26,000 |
| Jasper, Illinois | 1 | $ 215,000 | $ 215,000 | $ 55,000 |
| Knox, Illinois | 1 | $ 334,000 | $ 334,000 | $ 348,000 |
| Logan, Illinois | 1 | $ 134,000 | $ 134,000 | $ 50,000 |
| McDonough, Illinois | 1 | $ 159,000 | $ 159,000 | $ 0 |
| Monroe, Illinois | 1 | $ 289,000 | $ 289,000 | $ 200,000 |
| Morgan, Illinois | 1 | $ 221,000 | $ 221,000 | $ 19,000 |
| Vermilion, Illinois | 1 | $ 138,000 | $ 138,000 | $ 120,000 |
| Wabash, Illinois | 1 | $ 230,000 | $ 230,000 | $ 82,000 |
| Warren, Illinois | 1 | $ 169,000 | $ 169,000 | $ 101,000 |
Mortgage Loan Application Detail Totals for Lifetime Financial Partners in 2007
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 | 2,154 | $476,876,000 | $221,000 | $3,000,000 | $64,000 | $1,005,000 |
| Home Purchase | 976 | $204,267,000 | $209,000 | $1,000,000 | $54,000 | $7,230,000 |
| Home Improvement | 8 | $2,159,000 | $269,000 | $600,000 | $70,000 | $198,000 |
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 | 2,211 | $483,610,000 | $218,000 | $3,000,000 | $67,000 | $7,230,000 |
| Black or African American | 458 | $94,927,000 | $207,000 | $531,000 | $40,000 | $601,000 |
| Hispanic | 351 | $76,998,000 | $219,000 | $648,000 | $45,000 | $638,000 |
| Asian | 81 | $20,597,000 | $254,000 | $910,000 | $70,000 | $420,000 |
| Not Provided | 30 | $5,428,000 | $180,000 | $315,000 | $68,000 | $240,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $1,286,000 | $257,000 | $728,000 | $161,000 | $600,000 |
| American Indian or Alaskan Native | 2 | $456,000 | $228,000 | $235,000 | $46,000 | $93,000 |
| 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) | 3,004 | $658,731,000 | $219,000 | $3,000,000 | $61,000 | $7,230,000 |
| FHA-insured (Federal Housing Administration) | 133 | $24,481,000 | $184,000 | $435,000 | $65,000 | $180,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $90,000 | $90,000 | $90,000 | $60,000 | $60,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 1,565 | $340,321,000 | $217,000 | $3,000,000 | $54,000 | $7,230,000 |
| Application Denied By Financial Institution | 1,251 | $272,146,000 | $217,000 | $1,100,000 | $59,000 | $601,000 |
| Loan Originated | 316 | $68,957,000 | $218,000 | $785,000 | $97,000 | $401,000 |
| File Closed For Incompleteness | 3 | $1,339,000 | $446,000 | $535,000 | $148,000 | $172,000 |
| Application Approved But Not Accepted | 2 | $385,000 | $192,000 | $285,000 | $160,000 | $225,000 |
| Loan Purchased By The Institution | 1 | $154,000 | $154,000 | $154,000 | $91,000 | $91,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 1,210 | $262,867,000 | $217,000 | $1,100,000 | $59,000 | $601,000 |
| Unverifiable Information | 1 | $138,000 | $138,000 | $138,000 | $83,000 | $83,000 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Lifetime Financial Partners's 2007 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 Lifetime Financial Partners'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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