M&I Marshall & Ilsley Bank Mortgage Lending & HMDA Data, 2008
In 2008, M&I Marshall & Ilsley Bank of Cedarburg, WI reported 23,390 mortgage applications totaling $5.5 billion, down 1% from 2007. The average application was for $236,448, and applicants reported an average income of $109,112. 60% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Milwaukee-Waukesha-West Allis, WI (3,087), Madison, WI (2,813) and Phoenix-Mesa-Scottsdale, AZ (1,695) (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 | 23,390 |
| Total Mortgage Loan Application Amount | $5,530,533,000 |
| Average Mortgage Loan Application Amount | $236,448 |
| Highest Mortgage Loan Application Amount | $27,200,000 |
| Average Applicant Income | $109,112 |
| Highest Applicant Income | $9,999,000 |
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records M&I Marshall & Ilsley Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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-West Allis, WI | 3,087 | $ 678,457,000 | $ 219,778 | $ 97,000 |
| Madison, WI | 2,813 | $ 667,937,000 | $ 237,446 | $ 122,000 |
| Phoenix-Mesa-Scottsdale, AZ | 1,695 | $ 742,071,000 | $ 437,800 | $ 196,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1,393 | $ 404,991,000 | $ 290,732 | $ 117,382 |
| Green Bay, WI | 755 | $ 172,491,000 | $ 228,464 | $ 115,000 |
| Indianapolis-Carmel, IN | 730 | $ 181,836,000 | $ 249,090 | $ 90,000 |
| Appleton, WI | 612 | $ 111,618,000 | $ 182,382 | $ 96,000 |
| Janesville, WI | 572 | $ 86,275,000 | $ 150,830 | $ 72,000 |
| Racine, WI | 536 | $ 91,673,000 | $ 171,031 | $ 79,000 |
| Lake County-Kenosha County, IL-WI | 422 | $ 77,673,000 | $ 184,059 | $ 73,526 |
| Oshkosh-Neenah, WI | 387 | $ 85,831,000 | $ 221,785 | $ 93,000 |
| Tucson, AZ | 386 | $ 145,086,000 | $ 375,870 | $ 151,000 |
| Tampa-St. Petersburg-Clearwater, FL | 372 | $ 134,089,000 | $ 360,454 | $ 175,000 |
| Prescott, AZ | 353 | $ 114,320,000 | $ 323,852 | $ 126,000 |
| Kansas City, MO-KS | 331 | $ 94,967,000 | $ 286,909 | $ 80,770 |
| Eau Claire, WI | 317 | $ 69,647,000 | $ 219,706 | $ 92,000 |
| Fond Du Lac, WI | 300 | $ 57,944,000 | $ 193,146 | $ 82,000 |
| Wausau, WI | 290 | $ 52,675,000 | $ 181,637 | $ 69,000 |
| Sheboygan, WI | 255 | $ 46,738,000 | $ 183,286 | $ 80,000 |
| Bradenton-Sarasota-Venice, FL | 243 | $ 95,820,000 | $ 394,320 | $ 165,000 |
| Duluth, MN-WI | 167 | $ 28,467,000 | $ 170,461 | $ 80,580 |
| Chicago-Naperville-Joliet, IL | 138 | $ 82,984,000 | $ 601,333 | $ 197,000 |
| La Crosse, WI-MN | 134 | $ 22,119,000 | $ 165,067 | $ 92,156 |
| Cape Coral-Fort Myers, FL | 130 | $ 43,071,000 | $ 331,315 | $ 259,000 |
| Orlando-Kissimmee, FL | 99 | $ 33,334,000 | $ 336,707 | $ 184,000 |
| Naples-Marco Island, FL | 98 | $ 53,700,000 | $ 547,959 | $ 463,000 |
| St. Joseph, MO-KS | 93 | $ 13,907,000 | $ 149,537 | $ 63,161 |
| Flagstaff, AZ | 63 | $ 23,363,000 | $ 370,841 | $ 299,000 |
| Rockford, IL | 32 | $ 6,054,000 | $ 189,187 | $ 71,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 18 | $ 5,475,000 | $ 304,166 | $ 134,000 |
| Punta Gorda, FL | 18 | $ 2,841,000 | $ 157,833 | $ 108,000 |
| Lake Havasu City-Kingman, AZ | 17 | $ 3,333,000 | $ 196,058 | $ 95,000 |
| St. Louis, MO-IL | 14 | $ 1,152,000 | $ 82,285 | $ 46,285 |
| Anderson, IN | 13 | $ 2,568,000 | $ 197,538 | $ 125,000 |
| Miami-Miami Beach-Kendall, FL | 12 | $ 7,602,000 | $ 633,500 | $ 1,661,000 |
| Rochester, MN | 12 | $ 1,979,000 | $ 164,916 | $ 72,000 |
| St. Cloud, MN | 8 | $ 8,048,000 | $ 1,006,000 | $ 65,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 8 | $ 3,952,000 | $ 494,000 | $ 301,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 7 | $ 3,600,000 | $ 514,285 | $ 1,621,000 |
| Lakeland-Winter Haven, FL | 7 | $ 4,444,000 | $ 634,857 | $ 171,000 |
| Ocala, FL | 7 | $ 1,268,000 | $ 181,142 | $ 180,000 |
| Jacksonville, FL | 6 | $ 2,130,000 | $ 355,000 | $ 192,000 |
| Las Vegas-Paradise, NV | 6 | $ 4,053,000 | $ 675,500 | $ 11,000 |
| Columbus, IN | 5 | $ 603,000 | $ 120,600 | $ 34,000 |
| Palm Bay-Melbourne-Titusville, FL | 5 | $ 2,601,000 | $ 520,200 | $ 200,000 |
| Gary, IN | 4 | $ 454,000 | $ 113,500 | $ 51,000 |
| Lafayette, IN | 4 | $ 294,000 | $ 73,500 | $ 31,000 |
| Louisville-Jefferson County, KY-IN | 4 | $ 160,000 | $ 40,000 | $ 13,250 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 4 | $ 4,000 | $ 1,000 | $ 0 |
| Topeka, KS | 4 | $ 632,000 | $ 158,000 | $ 55,000 |
| Des Moines-West Des Moines, IA | 3 | $ 16,480,000 | $ 5,493,333 | $ 0 |
| Evansville, IN-KY | 3 | $ 390,000 | $ 130,000 | $ 103,000 |
| Kokomo, IN | 3 | $ 210,000 | $ 70,000 | $ 56,000 |
| Pensacola-Ferry Pass-Brent, FL | 3 | $ 637,000 | $ 212,333 | $ 79,000 |
| Port St. Lucie, FL | 3 | $ 2,083,000 | $ 694,333 | $ 414,000 |
| Bloomington, IN | 2 | $ 180,000 | $ 90,000 | $ 129,000 |
| Champaign-Urbana, IL | 2 | $ 306,000 | $ 153,000 | $ 117,000 |
| Fargo, ND-MN | 2 | $ 5,273,000 | $ 2,636,500 | $ 25,000 |
| Fort Walton Beach-Crestview-Destin, FL | 2 | $ 380,000 | $ 190,000 | $ 262,000 |
| Grand Rapids-Wyoming, MI | 2 | $ 264,000 | $ 132,000 | $ 97,000 |
| Lawrence, KS | 2 | $ 595,000 | $ 297,500 | $ 189,000 |
| South Bend-Mishawaka, IN-MI | 2 | $ 149,000 | $ 74,500 | $ 53,000 |
| Yuma, AZ | 2 | $ 438,000 | $ 219,000 | $ 71,000 |
| Billings, MT | 1 | $ 11,440,000 | $ 11,440,000 | $ 0 |
| Bismarck, ND | 1 | $ 2,100,000 | $ 2,100,000 | $ 0 |
| Casper, WY | 1 | $ 12,400,000 | $ 12,400,000 | $ 0 |
| Charlotte-Gastonia-Concord, NC-SC | 1 | $ 23,000,000 | $ 23,000,000 | $ 0 |
| Danville, IL | 1 | $ 122,000 | $ 122,000 | $ 44,000 |
| Detroit-Livonia-Dearborn, MI | 1 | $ 16,000 | $ 16,000 | $ 591,000 |
| Elkhart-Goshen, IN | 1 | $ 144,000 | $ 144,000 | $ 51,000 |
| Iowa City, IA | 1 | $ 10,980,000 | $ 10,980,000 | $ 0 |
| Joplin, MO | 1 | $ 67,000 | $ 67,000 | $ 49,000 |
| Michigan City-La Porte, IN | 1 | $ 164,000 | $ 164,000 | $ 75,000 |
| Muncie, IN | 1 | $ 29,000 | $ 29,000 | $ 63,000 |
| Palm Coast, FL | 1 | $ 417,000 | $ 417,000 | $ 224,000 |
| Panama City-Lynn Haven, FL | 1 | $ 327,000 | $ 327,000 | $ 178,000 |
| San Luis Obispo-Paso Robles, CA | 1 | $ 379,000 | $ 379,000 | $ 0 |
| Springfield, IL | 1 | $ 48,000 | $ 48,000 | $ 0 |
| Springfield, MO | 1 | $ 197,000 | $ 197,000 | $ 97,000 |
| Terre Haute, IN | 1 | $ 54,000 | $ 54,000 | $ 30,000 |
| Vallejo-Fairfield, CA | 1 | $ 75,000 | $ 75,000 | $ 58,000 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 67,000 | $ 67,000 | $ 0 |
Mortgage Loan Application Detail Totals for M&I Marshall & Ilsley Bank 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 | 11,892 | $2,866,230,000 | $241,000 | $16,500,000 | $105,000 | $7,996,000 |
| Home Purchase | 10,245 | $2,391,155,000 | $233,000 | $27,200,000 | $115,000 | $9,999,000 |
| Home Improvement | 1,253 | $273,148,000 | $217,000 | $21,600,000 | $100,000 | $5,938,000 |
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 | 16,555 | $3,504,726,000 | $211,000 | $13,824,000 | $112,000 | $9,999,000 |
| Not Provided | 2,898 | $712,397,000 | $245,000 | $4,000,000 | $151,000 | $9,999,000 |
| Hispanic | 1,631 | $194,569,000 | $119,000 | $1,038,000 | $47,000 | $1,094,000 |
| Not applicable | 1,456 | $979,997,000 | $673,000 | $27,200,000 | $66,000 | $8,259,000 |
| Black or African American | 424 | $58,390,000 | $137,000 | $2,510,000 | $85,000 | $6,117,000 |
| Asian | 336 | $63,656,000 | $189,000 | $2,630,000 | $94,000 | $1,682,000 |
| American Indian or Alaskan Native | 49 | $8,244,000 | $168,000 | $1,467,000 | $102,000 | $793,000 |
| Native Hawaiian or Other Pacific Islander | 41 | $8,554,000 | $208,000 | $1,400,000 | $115,000 | $872,000 |
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) | 21,789 | $5,286,189,000 | $242,000 | $27,200,000 | $112,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) | 1,449 | $218,720,000 | $150,000 | $370,000 | $60,000 | $292,000 |
| VA-guaranteed (Veterans Administration) | 152 | $25,624,000 | $168,000 | $470,000 | $66,000 | $360,000 |
| 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 | 14,015 | $3,594,300,000 | $256,000 | $27,200,000 | $118,000 | $9,999,000 |
| Application Denied By Financial Institution | 3,788 | $889,624,000 | $234,000 | $4,378,000 | $98,000 | $9,999,000 |
| Preapproval Denied by Financial Institution | 2,006 | $127,717,000 | $63,000 | $1,161,000 | $38,000 | $1,209,000 |
| Application Withdrawn By Applicant | 1,851 | $502,977,000 | $271,000 | $13,824,000 | $134,000 | $9,999,000 |
| Application Approved But Not Accepted | 1,352 | $330,692,000 | $244,000 | $10,640,000 | $122,000 | $4,058,000 |
| File Closed For Incompleteness | 302 | $84,146,000 | $278,000 | $4,261,000 | $120,000 | $1,148,000 |
| Loan Purchased By The Institution | 76 | $1,077,000 | $14,000 | $370,000 | $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 | 2,453 | $203,840,000 | $83,000 | $3,570,000 | $47,000 | $1,945,000 |
| Debt-To-Income Ratio | 1,497 | $303,184,000 | $202,000 | $4,378,000 | $57,000 | $1,029,000 |
| Collateral | 1,345 | $388,136,000 | $288,000 | $4,000,000 | $139,000 | $9,999,000 |
| Other | 215 | $65,854,000 | $306,000 | $3,200,000 | $152,000 | $3,618,000 |
| Unverifiable Information | 138 | $27,611,000 | $200,000 | $2,310,000 | $109,000 | $3,458,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 64 | $17,897,000 | $279,000 | $1,380,000 | $95,000 | $555,000 |
| Employment History | 56 | $7,426,000 | $132,000 | $744,000 | $50,000 | $300,000 |
| Credit Application Incomplete | 25 | $2,988,000 | $119,000 | $484,000 | $69,000 | $300,000 |
| Mortgage Insurance Denied | 1 | $405,000 | $405,000 | $405,000 | $173,000 | $173,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into M&I Marshall & Ilsley Bank'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 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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