M&I Marshall & Ilsley Bank Mortgage Lending & HMDA Data, 2007
In 2007, M&I Marshall & Ilsley Bank of Cedarburg, WI reported 23,618 mortgage applications totaling $5.3 billion, up 35% from 2006. The average application was for $226,052, and applicants reported an average income of $102,289. 71% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Milwaukee-Waukesha-West Allis, WI (3,458), Madison, WI (3,061) and Phoenix-Mesa-Scottsdale, AZ (2,702) (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 | 23,618 |
| Total Mortgage Loan Application Amount | $5,338,902,000 |
| Average Mortgage Loan Application Amount | $226,052 |
| Highest Mortgage Loan Application Amount | $24,000,000 |
| Average Applicant Income | $102,289 |
| Highest Applicant Income | $7,145,000 |
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records M&I Marshall & Ilsley Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2007
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 | 11,838 | $2,968,466,000 | $250,000 | $24,000,000 | $113,000 | $7,138,000 |
| Refinancing | 10,043 | $2,082,123,000 | $207,000 | $9,545,000 | $93,000 | $7,145,000 |
| Home Improvement | 1,737 | $288,313,000 | $165,000 | $6,000,000 | $83,000 | $1,800,000 |
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 | 16,556 | $3,332,224,000 | $201,000 | $6,120,000 | $104,000 | $6,795,000 |
| Not Provided | 3,494 | $944,353,000 | $270,000 | $6,520,000 | $134,000 | $6,208,000 |
| Hispanic | 1,413 | $240,446,000 | $170,000 | $2,722,000 | $56,000 | $1,100,000 |
| Not applicable | 1,369 | $677,954,000 | $495,000 | $24,000,000 | $51,000 | $7,138,000 |
| Black or African American | 406 | $63,514,000 | $156,000 | $2,000,000 | $100,000 | $7,145,000 |
| Asian | 314 | $68,113,000 | $216,000 | $3,693,000 | $103,000 | $954,000 |
| American Indian or Alaskan Native | 47 | $5,864,000 | $124,000 | $680,000 | $56,000 | $263,000 |
| Native Hawaiian or Other Pacific Islander | 19 | $6,434,000 | $338,000 | $2,626,000 | $147,000 | $648,000 |
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) | 23,504 | $5,323,135,000 | $226,000 | $24,000,000 | $103,000 | $7,145,000 |
| VA-guaranteed (Veterans Administration) | 101 | $13,846,000 | $137,000 | $305,000 | $58,000 | $191,000 |
| FHA-insured (Federal Housing Administration) | 13 | $1,921,000 | $147,000 | $265,000 | $88,000 | $346,000 |
| 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 | 16,661 | $3,885,101,000 | $233,000 | $11,200,000 | $110,000 | $7,145,000 |
| Application Denied By Financial Institution | 3,118 | $621,288,000 | $199,000 | $6,120,000 | $75,000 | $3,252,000 |
| Application Withdrawn By Applicant | 1,282 | $375,402,000 | $292,000 | $24,000,000 | $121,000 | $2,916,000 |
| Application Approved But Not Accepted | 1,275 | $305,116,000 | $239,000 | $9,100,000 | $104,000 | $1,956,000 |
| Preapproval Denied by Financial Institution | 686 | $41,386,000 | $60,000 | $1,260,000 | $43,000 | $372,000 |
| Loan Purchased By The Institution | 318 | $17,568,000 | $55,000 | $470,000 | $0 | $0 |
| File Closed For Incompleteness | 278 | $93,041,000 | $334,000 | $6,000,000 | $118,000 | $2,472,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 1,393 | $136,084,000 | $97,000 | $1,840,000 | $59,000 | $855,000 |
| Debt-To-Income Ratio | 1,300 | $227,768,000 | $175,000 | $6,120,000 | $58,000 | $473,000 |
| Collateral | 637 | $150,759,000 | $236,000 | $3,269,000 | $101,000 | $3,252,000 |
| Other | 260 | $77,790,000 | $299,000 | $4,075,000 | $89,000 | $1,414,000 |
| Unverifiable Information | 91 | $20,547,000 | $225,000 | $1,388,000 | $101,000 | $629,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 56 | $32,757,000 | $584,000 | $3,371,000 | $100,000 | $2,753,000 |
| Employment History | 36 | $5,790,000 | $160,000 | $2,000,000 | $61,000 | $400,000 |
| Credit Application Incomplete | 30 | $11,005,000 | $366,000 | $3,560,000 | $102,000 | $993,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into M&I Marshall & Ilsley Bank's 2007 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.
For a list of all lenders in Wisconsin, download the full spreadsheet
with aggregated HMDA statistics today.
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