M&I Marshall & Ilsley Bank Mortgage Lending & HMDA Data, 2009
In 2009, M&I Marshall & Ilsley Bank of Cedarburg, WI reported 26,399 mortgage applications totaling $4.8 billion, up 13% from 2008. The average application was for $181,592, and applicants reported an average income of $100,879. 54% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Milwaukee-Waukesha-West Allis, WI (4,132), Madison, WI (2,710) and Minneapolis-St. Paul-Bloomington, MN-WI (2,012) (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 | 26,399 |
| Total Mortgage Loan Application Amount | $4,793,858,000 |
| Average Mortgage Loan Application Amount | $181,592 |
| Highest Mortgage Loan Application Amount | $10,500,000 |
| Average Applicant Income | $100,879 |
| Highest Applicant Income | $5,562,000 |
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records M&I Marshall & Ilsley Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2009
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 | 17,642 | $3,427,841,000 | $194,000 | $4,400,000 | $110,000 | $5,562,000 |
| Home Purchase | 7,873 | $1,245,844,000 | $158,000 | $10,500,000 | $82,000 | $5,206,000 |
| Home Improvement | 884 | $120,173,000 | $135,000 | $5,022,000 | $87,000 | $1,104,000 |
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 | 20,654 | $3,677,030,000 | $178,000 | $3,384,000 | $102,000 | $5,206,000 |
| Not Provided | 2,609 | $510,657,000 | $195,000 | $5,063,000 | $119,000 | $5,495,000 |
| Hispanic | 1,262 | $141,260,000 | $111,000 | $1,174,000 | $51,000 | $623,000 |
| Not applicable | 761 | $295,603,000 | $388,000 | $10,500,000 | $130,000 | $2,172,000 |
| Black or African American | 543 | $67,263,000 | $123,000 | $1,275,000 | $66,000 | $1,384,000 |
| Asian | 457 | $84,587,000 | $185,000 | $1,670,000 | $115,000 | $5,562,000 |
| American Indian or Alaskan Native | 58 | $6,953,000 | $119,000 | $417,000 | $104,000 | $986,000 |
| Native Hawaiian or Other Pacific Islander | 55 | $10,505,000 | $191,000 | $417,000 | $130,000 | $467,000 |
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) | 22,714 | $4,237,638,000 | $186,000 | $10,500,000 | $109,000 | $5,562,000 |
| FHA-insured (Federal Housing Administration) | 3,388 | $506,596,000 | $149,000 | $402,000 | $53,000 | $686,000 |
| VA-guaranteed (Veterans Administration) | 297 | $49,624,000 | $167,000 | $873,000 | $65,000 | $367,000 |
| 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 | 14,336 | $2,666,519,000 | $186,000 | $10,500,000 | $111,000 | $5,495,000 |
| Application Denied By Financial Institution | 5,393 | $1,029,287,000 | $190,000 | $5,063,000 | $88,000 | $1,949,000 |
| Application Withdrawn By Applicant | 2,745 | $553,708,000 | $201,000 | $8,200,000 | $108,000 | $5,562,000 |
| Preapproval Denied by Financial Institution | 1,999 | $165,183,000 | $82,000 | $1,225,000 | $44,000 | $1,020,000 |
| Application Approved But Not Accepted | 1,341 | $265,010,000 | $197,000 | $6,000,000 | $115,000 | $2,002,000 |
| File Closed For Incompleteness | 565 | $113,433,000 | $200,000 | $4,400,000 | $117,000 | $4,337,000 |
| Loan Purchased By The Institution | 20 | $718,000 | $35,000 | $209,000 | $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 |
|---|---|---|---|---|---|---|
| Collateral | 2,462 | $509,202,000 | $206,000 | $1,540,000 | $109,000 | $1,949,000 |
| Credit History | 2,198 | $204,972,000 | $93,000 | $706,000 | $53,000 | $1,125,000 |
| Debt-To-Income Ratio | 1,826 | $321,768,000 | $176,000 | $5,063,000 | $53,000 | $1,181,000 |
| Other | 535 | $97,624,000 | $182,000 | $3,384,000 | $99,000 | $1,350,000 |
| Unverifiable Information | 142 | $22,795,000 | $160,000 | $997,000 | $78,000 | $1,273,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 125 | $24,870,000 | $198,000 | $590,000 | $95,000 | $385,000 |
| Employment History | 67 | $9,031,000 | $134,000 | $400,000 | $56,000 | $384,000 |
| Credit Application Incomplete | 21 | $1,944,000 | $92,000 | $432,000 | $73,000 | $360,000 |
| Mortgage Insurance Denied | 16 | $2,264,000 | $141,000 | $245,000 | $72,000 | $154,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into M&I Marshall & Ilsley Bank's 2009 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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with aggregated HMDA statistics today.
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