M&I Marshall & Ilsley Bank Mortgage Lending & HMDA Data, 2003
In 2003, M&I Marshall & Ilsley Bank of Cedarburg, WI reported 25,343 mortgage applications totaling $3.8 billion. The average application was for $151,538, and applicants reported an average income of $66,252. 80% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Milwaukee-Waukesha, WI (4,175), Madison, WI (3,017) and Phoenix-Mesa, AZ (2,479) (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 | 25,343 |
| Total Mortgage Loan Application Amount | $3,840,439,000 |
| Average Mortgage Loan Application Amount | $151,538 |
| Highest Mortgage Loan Application Amount | $16,400,000 |
| Average Applicant Income | $66,252 |
| Highest Applicant Income | $5,903,000 |
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records M&I Marshall & Ilsley Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Milwaukee-Waukesha, WI | 4,175 | $ 600,711,000 | $ 143,882 | $ 63,000 |
| Madison, WI | 3,017 | $ 600,790,000 | $ 199,134 | $ 72,000 |
| Phoenix-Mesa, AZ | 2,479 | $ 677,313,000 | $ 273,220 | $ 67,000 |
| Appleton-Oshkosh-Neenah, WI | 1,546 | $ 167,538,000 | $ 108,368 | $ 58,000 |
| Green Bay, WI | 1,166 | $ 145,329,000 | $ 124,638 | $ 55,000 |
| Janesville-Beloit, WI | 928 | $ 92,802,000 | $ 100,002 | $ 65,000 |
| Wausau, WI | 678 | $ 53,150,000 | $ 78,392 | $ 59,000 |
| Racine, WI | 676 | $ 88,124,000 | $ 130,360 | $ 51,000 |
| Minneapolis-St. Paul, MN-WI | 569 | $ 116,556,000 | $ 204,843 | $ 75,000 |
| Kenosha, WI | 521 | $ 73,806,000 | $ 141,662 | $ 67,000 |
| Sheboygan, WI | 442 | $ 46,638,000 | $ 105,515 | $ 61,000 |
| Tucson, AZ | 439 | $ 105,693,000 | $ 240,758 | $ 67,000 |
| Eau Claire, WI | 358 | $ 39,637,000 | $ 110,717 | $ 54,000 |
| La Crosse, WI-MN | 177 | $ 15,439,000 | $ 87,225 | $ 53,000 |
| Flagstaff, AZ-UT | 110 | $ 28,462,000 | $ 258,745 | $ 80,000 |
| Chicago, IL | 76 | $ 21,589,000 | $ 284,065 | $ 113,000 |
| Duluth-Superior, MN-WI | 43 | $ 6,898,000 | $ 160,418 | $ 50,000 |
| Rockford, IL | 31 | $ 4,256,000 | $ 137,290 | $ 88,000 |
| Las Vegas, NV-AZ | 17 | $ 3,723,000 | $ 219,000 | $ 89,000 |
| Rochester, MN | 15 | $ 1,681,000 | $ 112,066 | $ 262,000 |
| Fort Myers-Cape Coral, FL | 13 | $ 4,002,000 | $ 307,846 | $ 154,000 |
| Tampa-St. Petersburg-Clearwater, FL | 10 | $ 1,755,000 | $ 175,500 | $ 157,000 |
| Naples, FL | 9 | $ 3,426,000 | $ 380,666 | $ 250,000 |
| Orlando, FL | 7 | $ 773,000 | $ 110,428 | $ 66,000 |
| Sarasota-Bradenton, FL | 7 | $ 26,449,000 | $ 3,778,428 | $ 411,000 |
| St. Cloud, MN | 7 | $ 2,814,000 | $ 402,000 | $ 44,000 |
| Des Moines, IA | 4 | $ 10,690,000 | $ 2,672,500 | $ 0 |
| Punta Gorda, FL | 4 | $ 447,000 | $ 111,750 | $ 110,000 |
| West Palm Beach-Boca Raton, FL | 3 | $ 1,858,000 | $ 619,333 | $ 312,000 |
| Yuma, AZ | 3 | $ 559,000 | $ 186,333 | $ 217,000 |
| Daytona Beach, FL | 2 | $ 518,000 | $ 259,000 | $ 360,000 |
| Fort Lauderdale, FL | 2 | $ 312,000 | $ 156,000 | $ 119,000 |
| Fort Walton Beach, FL | 2 | $ 355,000 | $ 177,500 | $ 107,000 |
| St. Louis, MO-IL | 2 | $ 551,000 | $ 275,500 | $ 0 |
| Ann Arbor, MI | 1 | $ 245,000 | $ 245,000 | $ 177,000 |
| Cincinnati, OH-KY-IN | 1 | $ 9,440,000 | $ 9,440,000 | $ 0 |
| Detroit, MI | 1 | $ 145,000 | $ 145,000 | $ 47,000 |
| Fargo-Moorhead, ND-MN | 1 | $ 1,112,000 | $ 1,112,000 | $ 0 |
| Gainesville, FL | 1 | $ 50,000 | $ 50,000 | $ 164,000 |
| Lakeland-Winter Haven, FL | 1 | $ 68,000 | $ 68,000 | $ 370,000 |
| Lansing-East Lansing, MI | 1 | $ 94,000 | $ 94,000 | $ 82,000 |
| Melbourne-Titusville-Palm Bay, FL | 1 | $ 510,000 | $ 510,000 | $ 0 |
| Rochester, NY | 1 | $ 65,000 | $ 65,000 | $ 300,000 |
| San Luis Obispo-Atascadero-Paso Robles, CA | 1 | $ 1,100,000 | $ 1,100,000 | $ 0 |
| South Bend, IN | 1 | $ 72,000 | $ 72,000 | $ 242,000 |
| St. Joseph, MO | 1 | $ 1,000 | $ 1,000 | $ 0 |
Mortgage Loan Application Detail Totals for M&I Marshall & Ilsley Bank in 2003
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 (home purchase or home improvement, one-to-four family) | 15,235 | $1,565,822,000 | $207,700 | $3,250,000 | $82,200 | $3,096,000 |
| Home Purchase (one-to-four family) | 8,279 | $1,456,911,000 | $266,166 | $3,492,000 | $99,250 | $5,903,000 |
| Home Improvement (one-to-four family) | 1,177 | $33,094,000 | $41,285 | $800,000 | $119,571 | $2,004,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 652 | $784,612,000 | $2,809,000 | $16,400,000 | $0 | $0 |
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 | 22,189 | $2,891,743,000 | $899,461 | $9,440,000 | $96,538 | $5,903,000 |
| Information not provided by applicant in mail or telephone application | 965 | $186,058,000 | $256,375 | $3,000,000 | $103,500 | $2,000,000 |
| Not applicable | 657 | $588,722,000 | $1,375,545 | $16,400,000 | $1,636 | $840,000 |
| Hispanic | 647 | $69,718,000 | $106,166 | $937,000 | $83,000 | $501,000 |
| Black | 366 | $30,216,000 | $154,500 | $1,839,000 | $66,500 | $779,000 |
| Asian or Pacific Islander | 354 | $50,815,000 | $189,000 | $1,951,000 | $84,500 | $650,000 |
| Other | 90 | $17,356,000 | $219,333 | $1,500,000 | $124,000 | $1,108,000 |
| American Indian or Alaskan Native | 75 | $5,811,000 | $180,500 | $490,000 | $93,500 | $430,000 |
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) | 25,343 | $3,840,439,000 | $987,117 | $16,400,000 | $79,411 | $5,903,000 |
| 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 | 20,183 | $3,186,977,000 | $651,214 | $16,400,000 | $81,571 | $5,903,000 |
| Application Denied By Financial Institution | 2,736 | $240,143,000 | $132,000 | $5,600,000 | $78,636 | $849,000 |
| Application Approved But Not Accepted | 1,072 | $161,671,000 | $188,000 | $10,200,000 | $112,833 | $2,641,000 |
| Application Withdrawn By Applicant | 935 | $187,704,000 | $1,349,666 | $9,440,000 | $55,333 | $2,000,000 |
| File Closed For Incompleteness | 381 | $61,926,000 | $126,800 | $3,250,000 | $70,000 | $660,000 |
| Loan Purchased By The Institution | 36 | $2,018,000 | $98,800 | $254,000 | $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 | 1,110 | $74,919,000 | $91,375 | $2,300,000 | $108,750 | $533,000 |
| Debt-To-Income Ratio | 969 | $86,705,000 | $168,000 | $4,000,000 | $42,125 | $430,000 |
| Collateral | 337 | $34,085,000 | $79,857 | $1,864,000 | $60,571 | $849,000 |
| Other | 179 | $19,671,000 | $77,200 | $935,000 | $68,200 | $840,000 |
| Unverifiable Information | 47 | $7,797,000 | $187,500 | $980,000 | $72,000 | $322,000 |
| Credit Application Incomplete | 40 | $2,666,000 | $50,000 | $321,000 | $72,666 | $264,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 35 | $12,038,000 | $243,666 | $5,600,000 | $57,333 | $250,000 |
| Employment History | 14 | $1,171,000 | $132,000 | $406,000 | $43,000 | $86,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into M&I Marshall & Ilsley Bank's 2003 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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