M&I Marshall & Ilsley Bank Mortgage Lending & HMDA Data, 2004
In 2004, M&I Marshall & Ilsley Bank of Cedarburg, WI reported 17,714 mortgage applications totaling $3.1 billion, down 30% from 2003. The average application was for $176,681, and applicants reported an average income of $66,929. 79% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (2,752), Madison, WI (2,395) and Milwaukee-Waukesha-West Allis, WI (2,184) (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 | 17,714 |
| Total Mortgage Loan Application Amount | $3,129,744,000 |
| Average Mortgage Loan Application Amount | $176,681 |
| Highest Mortgage Loan Application Amount | $11,087,000 |
| Average Applicant Income | $66,929 |
| Highest Applicant Income | $1,740,000 |
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records M&I Marshall & Ilsley Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2004
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 10,334 | $2,156,236,000 | $522,153 | $9,140,000 | $55,615 | $1,740,000 |
| Refinancing | 6,024 | $832,362,000 | $412,777 | $11,087,000 | $60,555 | $1,200,000 |
| Home Improvement | 1,356 | $141,146,000 | $139,400 | $6,289,000 | $67,600 | $882,000 |
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 | 14,125 | $2,254,646,000 | $160,555 | $7,896,000 | $88,222 | $1,740,000 |
| Not Provided | 1,322 | $271,928,000 | $193,125 | $2,775,000 | $185,375 | $1,722,000 |
| Not applicable | 823 | $424,249,000 | $784,230 | $11,087,000 | $1,076 | $190,000 |
| Hispanic | 755 | $92,565,000 | $115,200 | $1,295,000 | $61,600 | $445,000 |
| Black or African American | 321 | $35,999,000 | $127,600 | $3,150,000 | $87,600 | $903,000 |
| Asian | 272 | $40,143,000 | $160,400 | $1,146,000 | $50,800 | $588,000 |
| American Indian or Alaskan Native | 57 | $5,150,000 | $78,666 | $319,000 | $48,000 | $141,000 |
| Native Hawaiian or Other Pacific Islander | 39 | $5,064,000 | $222,750 | $481,000 | $129,000 | $324,000 |
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) | 17,663 | $3,127,197,000 | $553,769 | $11,087,000 | $53,230 | $1,740,000 |
| FHA-insured (Federal Housing Administration) | 37 | $1,771,000 | $48,000 | $75,000 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 14 | $776,000 | $58,000 | $116,000 | $0 | $0 |
| 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 | 14,038 | $2,602,643,000 | $731,800 | $11,087,000 | $74,300 | $1,740,000 |
| Application Denied By Financial Institution | 1,735 | $206,792,000 | $139,142 | $3,440,000 | $43,571 | $996,000 |
| Application Approved But Not Accepted | 865 | $140,859,000 | $192,000 | $2,800,000 | $77,500 | $1,105,000 |
| Application Withdrawn By Applicant | 650 | $135,012,000 | $170,125 | $5,025,000 | $51,875 | $903,000 |
| File Closed For Incompleteness | 165 | $33,209,000 | $133,750 | $1,245,000 | $98,000 | $540,000 |
| Preapproval Denied by Financial Institution | 164 | $6,317,000 | $38,000 | $209,000 | $33,000 | $150,000 |
| Loan Purchased By The Institution | 97 | $4,912,000 | $65,250 | $358,000 | $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 | 757 | $51,010,000 | $91,200 | $995,000 | $49,600 | $581,000 |
| Debt-To-Income Ratio | 583 | $66,400,000 | $142,000 | $3,440,000 | $31,142 | $288,000 |
| Collateral | 203 | $18,893,000 | $92,500 | $835,000 | $71,000 | $490,000 |
| Other | 124 | $18,729,000 | $124,250 | $1,630,000 | $54,000 | $318,000 |
| Credit Application Incomplete | 118 | $30,604,000 | $127,000 | $1,800,000 | $65,000 | $996,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 70 | $20,316,000 | $243,000 | $1,146,000 | $56,000 | $840,000 |
| Unverifiable Information | 39 | $6,695,000 | $137,500 | $1,000,000 | $72,250 | $311,000 |
| Employment History | 5 | $462,000 | $77,000 | $221,000 | $28,333 | $69,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into M&I Marshall & Ilsley Bank's 2004 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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