Main Street Bank & Trust Mortgage Lending & HMDA Data, 2007
In 2007, Main Street Bank & Trust of Champaign, IL reported 866 mortgage applications totaling $100.1 million, down 15% from 2006. The average application was for $115,545, and applicants reported an average income of $79,118. 75% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Champaign-Urbana, IL (419), Decatur, IL (174) and Bloomington-Normal, IL (98) (applications in parentheses).
| Mortgage Company & Address | Main Street Bank & Trust 100 W. University Ave Champaign, IL 61820 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 866 |
| Total Mortgage Loan Application Amount | $100,062,000 |
| Average Mortgage Loan Application Amount | $115,545 |
| Highest Mortgage Loan Application Amount | $4,223,000 |
| Average Applicant Income | $79,118 |
| Highest Applicant Income | $1,661,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Main Street Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Champaign, Illinois | 388 | $ 51,285,000 | $ 132,177 | $ 79,000 |
| Macon, Illinois | 174 | $ 15,488,000 | $ 89,011 | $ 76,000 |
| McLean, Illinois | 98 | $ 11,137,000 | $ 113,642 | $ 87,000 |
| Shelby, Illinois | 41 | $ 2,952,000 | $ 72,000 | $ 59,000 |
| Piatt, Illinois | 29 | $ 3,072,000 | $ 105,931 | $ 67,000 |
| Douglas, Illinois | 17 | $ 1,308,000 | $ 76,941 | $ 44,000 |
| Livingston, Illinois | 10 | $ 734,000 | $ 73,400 | $ 55,000 |
| Vermilion, Illinois | 9 | $ 797,000 | $ 88,555 | $ 65,000 |
| Peoria, Illinois | 8 | $ 286,000 | $ 35,750 | $ 80,000 |
| Woodford, Illinois | 7 | $ 1,079,000 | $ 154,142 | $ 52,000 |
| Cook, Illinois | 6 | $ 3,084,000 | $ 514,000 | $ 190,000 |
| Christian, Illinois | 5 | $ 383,000 | $ 76,600 | $ 50,000 |
| De Witt, Illinois | 5 | $ 532,000 | $ 106,400 | $ 153,000 |
| Moultrie, Illinois | 5 | $ 451,000 | $ 90,200 | $ 46,000 |
| Tazewell, Illinois | 4 | $ 475,000 | $ 118,750 | $ 87,000 |
| Coles, Illinois | 3 | $ 156,000 | $ 52,000 | $ 57,000 |
| Effingham, Illinois | 3 | $ 863,000 | $ 287,666 | $ 192,000 |
| Sangamon, Illinois | 3 | $ 275,000 | $ 91,666 | $ 218,000 |
| Ford, Illinois | 2 | $ 199,000 | $ 99,500 | $ 56,000 |
| San Diego, California | 1 | $ 840,000 | $ 840,000 | $ 1,661,000 |
| Adams, Illinois | 1 | $ 61,000 | $ 61,000 | $ 29,000 |
| Cumberland, Illinois | 1 | $ 63,000 | $ 63,000 | $ 79,000 |
| Fayette, Illinois | 1 | $ 44,000 | $ 44,000 | $ 46,000 |
| Logan, Illinois | 1 | $ 15,000 | $ 15,000 | $ 160,000 |
| Wayne, Illinois | 1 | $ 175,000 | $ 175,000 | $ 130,000 |
| Will, Illinois | 1 | $ 132,000 | $ 132,000 | $ 94,000 |
| Scott, Iowa | 1 | $ 126,000 | $ 126,000 | $ 60,000 |
| McCracken, Kentucky | 1 | $ 86,000 | $ 86,000 | $ 38,000 |
| Camden, Missouri | 1 | $ 156,000 | $ 156,000 | $ 267,000 |
| Stone, Missouri | 1 | $ 134,000 | $ 134,000 | $ 142,000 |
| Clark, Nevada | 1 | $ 357,000 | $ 357,000 | $ 111,000 |
| Beaufort, South Carolina | 1 | $ 156,000 | $ 156,000 | $ 492,000 |
Mortgage Loan Application Detail Totals for Main Street Bank & Trust 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 | 453 | $53,140,000 | $117,000 | $840,000 | $77,000 | $1,661,000 |
| Refinancing | 325 | $43,994,000 | $135,000 | $4,223,000 | $84,000 | $756,000 |
| Home Improvement | 88 | $2,928,000 | $33,000 | $482,000 | $72,000 | $336,000 |
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 | 765 | $81,595,000 | $106,000 | $1,880,000 | $78,000 | $890,000 |
| Black or African American | 56 | $5,480,000 | $97,000 | $840,000 | $109,000 | $1,661,000 |
| Asian | 23 | $3,910,000 | $170,000 | $375,000 | $109,000 | $360,000 |
| Not applicable | 12 | $8,325,000 | $693,000 | $4,223,000 | $0 | $0 |
| Hispanic | 8 | $452,000 | $56,000 | $175,000 | $59,000 | $105,000 |
| American Indian or Alaskan Native | 2 | $300,000 | $150,000 | $164,000 | $59,000 | $78,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
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) | 824 | $95,444,000 | $115,000 | $4,223,000 | $81,000 | $1,661,000 |
| FHA-insured (Federal Housing Administration) | 40 | $4,300,000 | $107,000 | $191,000 | $47,000 | $255,000 |
| VA-guaranteed (Veterans Administration) | 2 | $318,000 | $159,000 | $160,000 | $61,000 | $69,000 |
| 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 | 647 | $77,977,000 | $120,000 | $4,223,000 | $83,000 | $1,661,000 |
| Application Denied By Financial Institution | 91 | $8,466,000 | $93,000 | $700,000 | $60,000 | $448,000 |
| Application Approved But Not Accepted | 49 | $7,505,000 | $153,000 | $600,000 | $94,000 | $360,000 |
| Application Withdrawn By Applicant | 45 | $3,048,000 | $67,000 | $212,000 | $75,000 | $492,000 |
| Preapproval Denied by Financial Institution | 33 | $2,949,000 | $89,000 | $200,000 | $37,000 | $136,000 |
| File Closed For Incompleteness | 1 | $117,000 | $117,000 | $117,000 | $61,000 | $61,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $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 | 68 | $6,704,000 | $98,000 | $700,000 | $56,000 | $288,000 |
| Debt-To-Income Ratio | 27 | $2,459,000 | $91,000 | $468,000 | $32,000 | $86,000 |
| Collateral | 13 | $931,000 | $71,000 | $206,000 | $79,000 | $448,000 |
| Other | 9 | $635,000 | $70,000 | $260,000 | $64,000 | $138,000 |
| Unverifiable Information | 4 | $432,000 | $108,000 | $148,000 | $31,000 | $47,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $254,000 | $84,000 | $114,000 | $76,000 | $97,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Main Street Bank & Trust'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 Main Street Bank & Trust'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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