M&I Marshall & Ilsley Bank Mortgage Lending & HMDA Data, 2006
In 2006, M&I Marshall & Ilsley Bank of Cedarburg, WI reported 17,504 mortgage applications totaling $3.8 billion, up 15% from 2005. The average application was for $219,666, and applicants reported an average income of $93,004. 75% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (2,810), Milwaukee-Waukesha-West Allis, WI (2,132) and Madison, WI (2,041) (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 | 17,504 |
| Total Mortgage Loan Application Amount | $3,845,042,000 |
| Average Mortgage Loan Application Amount | $219,666 |
| Highest Mortgage Loan Application Amount | $17,132,000 |
| Average Applicant Income | $93,004 |
| Highest Applicant Income | $6,565,000 |
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records M&I Marshall & Ilsley Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2006
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 | 9,697 | $2,538,717,000 | $261,000 | $17,132,000 | $107,000 | $6,565,000 |
| Refinancing | 6,324 | $1,102,250,000 | $174,000 | $9,070,000 | $76,000 | $2,400,000 |
| Home Improvement | 1,483 | $204,075,000 | $137,000 | $3,800,000 | $74,000 | $3,426,000 |
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 | 12,501 | $2,398,246,000 | $191,000 | $17,132,000 | $95,000 | $6,565,000 |
| Not Provided | 2,466 | $711,719,000 | $288,000 | $10,000,000 | $117,000 | $3,762,000 |
| Hispanic | 1,017 | $175,468,000 | $172,000 | $3,600,000 | $50,000 | $1,794,000 |
| Not applicable | 919 | $453,675,000 | $493,000 | $12,760,000 | $42,000 | $6,565,000 |
| Black or African American | 329 | $45,100,000 | $137,000 | $1,755,000 | $112,000 | $4,767,000 |
| Asian | 201 | $50,130,000 | $249,000 | $5,600,000 | $105,000 | $2,472,000 |
| American Indian or Alaskan Native | 45 | $4,478,000 | $99,000 | $970,000 | $57,000 | $212,000 |
| Native Hawaiian or Other Pacific Islander | 26 | $6,226,000 | $239,000 | $1,820,000 | $144,000 | $804,000 |
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) | 17,471 | $3,841,193,000 | $219,000 | $17,132,000 | $93,000 | $6,565,000 |
| FHA-insured (Federal Housing Administration) | 18 | $1,568,000 | $87,000 | $140,000 | $35,000 | $74,000 |
| VA-guaranteed (Veterans Administration) | 15 | $2,281,000 | $152,000 | $360,000 | $50,000 | $112,000 |
| 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 | 13,139 | $2,910,280,000 | $221,000 | $17,132,000 | $96,000 | $6,565,000 |
| Application Denied By Financial Institution | 2,055 | $391,411,000 | $190,000 | $8,570,000 | $66,000 | $6,565,000 |
| Application Approved But Not Accepted | 1,050 | $242,047,000 | $230,000 | $10,000,000 | $107,000 | $5,087,000 |
| Application Withdrawn By Applicant | 786 | $196,351,000 | $249,000 | $6,000,000 | $110,000 | $3,762,000 |
| File Closed For Incompleteness | 256 | $80,724,000 | $315,000 | $2,800,000 | $100,000 | $1,225,000 |
| Loan Purchased By The Institution | 119 | $18,422,000 | $154,000 | $2,629,000 | $0 | $0 |
| Preapproval Denied by Financial Institution | 99 | $5,807,000 | $58,000 | $430,000 | $40,000 | $144,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 737 | $99,994,000 | $135,000 | $2,427,000 | $50,000 | $456,000 |
| Credit History | 661 | $57,121,000 | $86,000 | $2,855,000 | $56,000 | $1,029,000 |
| Collateral | 373 | $78,043,000 | $209,000 | $8,570,000 | $90,000 | $3,910,000 |
| Other | 235 | $70,434,000 | $299,000 | $3,600,000 | $83,000 | $6,565,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 48 | $66,179,000 | $1,378,000 | $5,600,000 | $73,000 | $1,794,000 |
| Credit Application Incomplete | 42 | $17,229,000 | $410,000 | $2,000,000 | $76,000 | $474,000 |
| Unverifiable Information | 38 | $6,020,000 | $158,000 | $1,480,000 | $94,000 | $790,000 |
| Employment History | 9 | $1,224,000 | $136,000 | $480,000 | $67,000 | $150,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into M&I Marshall & Ilsley Bank's 2006 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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