M&I Marshall & Ilsley Bank Mortgage Lending & HMDA Data, 2010
In 2010, M&I Marshall & Ilsley Bank of Cedarburg, WI reported 19,608 mortgage applications totaling $3.3 billion, down 26% from 2009. The average application was for $167,725, and applicants reported an average income of $99,548. 55% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Milwaukee-Waukesha-West Allis, WI (2,906), Madison, WI (1,630) and Minneapolis-St. Paul-Bloomington, MN-WI (1,393) (applications in parentheses).
| Mortgage Company & Address | M&I Marshall & Ilsley Bank W57n14280 Doerr Way Cedarburg, WI 53012 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 19,608 |
| Total Mortgage Loan Application Amount | $3,288,753,000 |
| Average Mortgage Loan Application Amount | $167,725 |
| Highest Mortgage Loan Application Amount | $9,415,000 |
| Average Applicant Income | $99,548 |
| Highest Applicant Income | $5,059,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records M&I Marshall & Ilsley Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 M&I Marshall & Ilsley Bank 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 | 12,092 | $2,210,305,000 | $182,000 | $3,646,000 | $111,000 | $5,059,000 |
| Home Purchase | 6,459 | $943,519,000 | $146,000 | $3,900,000 | $80,000 | $2,853,000 |
| Home Improvement | 1,057 | $134,929,000 | $127,000 | $9,415,000 | $88,000 | $1,967,000 |
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 | 16,525 | $2,731,284,000 | $165,000 | $3,646,000 | $100,000 | $4,850,000 |
| Hispanic | 894 | $88,640,000 | $99,000 | $909,000 | $46,000 | $987,000 |
| Not Provided | 735 | $141,638,000 | $192,000 | $3,000,000 | $115,000 | $1,191,000 |
| Not applicable | 554 | $192,818,000 | $348,000 | $9,415,000 | $158,000 | $5,059,000 |
| Black or African American | 409 | $47,473,000 | $116,000 | $1,102,000 | $62,000 | $1,013,000 |
| Asian | 397 | $71,454,000 | $179,000 | $2,179,000 | $123,000 | $3,000,000 |
| Native Hawaiian or Other Pacific Islander | 49 | $9,372,000 | $191,000 | $1,000,000 | $163,000 | $1,526,000 |
| American Indian or Alaskan Native | 45 | $6,074,000 | $134,000 | $800,000 | $86,000 | $422,000 |
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) | 16,770 | $2,880,478,000 | $171,000 | $9,415,000 | $107,000 | $5,059,000 |
| FHA-insured (Federal Housing Administration) | 2,565 | $367,710,000 | $143,000 | $417,000 | $55,000 | $1,260,000 |
| VA-guaranteed (Veterans Administration) | 273 | $40,565,000 | $148,000 | $417,000 | $60,000 | $603,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 10,852 | $1,902,045,000 | $175,000 | $9,415,000 | $112,000 | $5,059,000 |
| Application Denied By Financial Institution | 3,897 | $659,516,000 | $169,000 | $3,000,000 | $85,000 | $3,000,000 |
| Application Withdrawn By Applicant | 1,804 | $333,882,000 | $185,000 | $3,900,000 | $105,000 | $1,800,000 |
| Preapproval Denied by Financial Institution | 1,722 | $146,174,000 | $84,000 | $1,280,000 | $43,000 | $740,000 |
| Application Approved But Not Accepted | 762 | $142,186,000 | $186,000 | $2,250,000 | $104,000 | $2,872,000 |
| File Closed For Incompleteness | 556 | $103,692,000 | $186,000 | $1,500,000 | $111,000 | $1,850,000 |
| Loan Purchased By The Institution | 15 | $1,258,000 | $83,000 | $450,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 | 2,251 | $216,160,000 | $96,000 | $1,324,000 | $57,000 | $3,000,000 |
| Collateral | 1,481 | $267,278,000 | $180,000 | $3,000,000 | $107,000 | $1,978,000 |
| Debt-To-Income Ratio | 1,364 | $229,568,000 | $168,000 | $2,700,000 | $52,000 | $772,000 |
| Other | 219 | $41,397,000 | $189,000 | $3,000,000 | $98,000 | $1,191,000 |
| Unverifiable Information | 100 | $15,800,000 | $158,000 | $578,000 | $96,000 | $1,726,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 97 | $20,930,000 | $215,000 | $1,362,000 | $108,000 | $657,000 |
| Employment History | 72 | $9,826,000 | $136,000 | $938,000 | $50,000 | $430,000 |
| Credit Application Incomplete | 23 | $2,663,000 | $115,000 | $350,000 | $74,000 | $294,000 |
| Mortgage Insurance Denied | 12 | $2,068,000 | $172,000 | $417,000 | $89,000 | $302,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into M&I Marshall & Ilsley Bank'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 M&I Marshall & Ilsley Bank'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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with aggregated HMDA statistics today.
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