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records M&I Marshall & Ilsley Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
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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