Main Street Bank & Trust Mortgage Lending & HMDA Data, 2003
In 2003, Main Street Bank & Trust of Champaign, IL reported 1,297 mortgage applications totaling $159.3 million. The average application was for $122,788, and applicants reported an average income of $87,902. 94% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Champaign-Urbana, IL (1,050), Chicago, IL (8) and Bloomington-Normal, IL (5) (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 | 1,297 |
| Total Mortgage Loan Application Amount | $159,257,000 |
| Average Mortgage Loan Application Amount | $122,788 |
| Highest Mortgage Loan Application Amount | $6,400,000 |
| Average Applicant Income | $87,902 |
| Highest Applicant Income | $895,000 |
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(HMDA) records Main Street Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 1,050 | $ 120,987,000 | $ 115,225 | $ 82,000 |
| Shelby, Illinois | 105 | $ 8,039,000 | $ 76,561 | $ 53,000 |
| Piatt, Illinois | 40 | $ 4,830,000 | $ 120,750 | $ 84,000 |
| Douglas, Illinois | 24 | $ 1,564,000 | $ 65,166 | $ 43,000 |
| Vermilion, Illinois | 14 | $ 7,419,000 | $ 529,928 | $ 43,000 |
| Ford, Illinois | 12 | $ 794,000 | $ 66,166 | $ 93,000 |
| Cook, Illinois | 8 | $ 8,946,000 | $ 1,118,250 | $ 0 |
| Christian, Illinois | 7 | $ 756,000 | $ 108,000 | $ 69,000 |
| McLean, Illinois | 5 | $ 732,000 | $ 146,400 | $ 107,000 |
| De Witt, Illinois | 4 | $ 341,000 | $ 85,250 | $ 60,000 |
| Effingham, Illinois | 4 | $ 1,596,000 | $ 399,000 | $ 281,000 |
| Maricopa, Arizona | 3 | $ 597,000 | $ 199,000 | $ 458,000 |
| Coles, Illinois | 3 | $ 194,000 | $ 64,666 | $ 56,000 |
| Macon, Illinois | 3 | $ 1,037,000 | $ 345,666 | $ 288,000 |
| Sangamon, Illinois | 2 | $ 131,000 | $ 65,500 | $ 40,000 |
| Mohave, Arizona | 1 | $ 64,000 | $ 64,000 | $ 164,000 |
| Lee, Florida | 1 | $ 107,000 | $ 107,000 | $ 53,000 |
| Cumberland, Illinois | 1 | $ 60,000 | $ 60,000 | $ 34,000 |
| Edgar, Illinois | 1 | $ 32,000 | $ 32,000 | $ 38,000 |
| Iroquois, Illinois | 1 | $ 23,000 | $ 23,000 | $ 29,000 |
| Jasper, Illinois | 1 | $ 35,000 | $ 35,000 | $ 81,000 |
| Peoria, Illinois | 1 | $ 201,000 | $ 201,000 | $ 139,000 |
| Stark, Illinois | 1 | $ 32,000 | $ 32,000 | $ 65,000 |
| Williamson, Illinois | 1 | $ 92,000 | $ 92,000 | $ 96,000 |
| Monroe, Indiana | 1 | $ 240,000 | $ 240,000 | $ 176,000 |
| Camden, Missouri | 1 | $ 89,000 | $ 89,000 | $ 81,000 |
| St. Charles, Missouri | 1 | $ 162,000 | $ 162,000 | $ 70,000 |
| Hampton, Virginia | 1 | $ 157,000 | $ 157,000 | $ 60,000 |
Mortgage Loan Application Detail Totals for Main Street Bank & Trust in 2003
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 (home purchase or home improvement, one-to-four family) | 933 | $101,192,000 | $158,800 | $1,000,000 | $143,600 | $895,000 |
| Home Purchase (one-to-four family) | 320 | $37,717,000 | $112,000 | $1,323,000 | $61,500 | $567,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 31 | $20,065,000 | $647,000 | $6,400,000 | $0 | $0 |
| Home Improvement (one-to-four family) | 13 | $283,000 | $21,000 | $90,000 | $92,000 | $491,000 |
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 | 1,135 | $124,999,000 | $150,500 | $1,376,000 | $126,166 | $895,000 |
| Asian or Pacific Islander | 56 | $6,913,000 | $123,000 | $288,000 | $79,000 | $305,000 |
| Not applicable | 46 | $20,791,000 | $451,000 | $6,400,000 | $28,000 | $315,000 |
| Black | 38 | $3,814,000 | $100,000 | $420,000 | $74,000 | $270,000 |
| Hispanic | 10 | $950,000 | $95,000 | $230,000 | $96,000 | $395,000 |
| Information not provided by applicant in mail or telephone application | 7 | $1,079,000 | $154,000 | $274,000 | $129,000 | $229,000 |
| Other | 5 | $711,000 | $142,000 | $320,000 | $100,000 | $127,000 |
| American Indian or Alaskan Native | 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) | 1,282 | $157,874,000 | $152,666 | $6,400,000 | $126,000 | $895,000 |
| FHA-insured (Federal Housing Administration) | 13 | $1,166,000 | $89,000 | $129,000 | $48,000 | $80,000 |
| VA-guaranteed (Veterans Administration) | 2 | $217,000 | $108,000 | $148,000 | $49,000 | $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 | 1,215 | $149,095,000 | $152,666 | $6,400,000 | $125,166 | $895,000 |
| Application Denied By Financial Institution | 49 | $5,402,000 | $110,000 | $1,000,000 | $99,000 | $756,000 |
| Application Withdrawn By Applicant | 21 | $3,276,000 | $156,000 | $535,000 | $81,000 | $238,000 |
| Application Approved But Not Accepted | 10 | $1,178,000 | $117,000 | $280,000 | $57,000 | $132,000 |
| File Closed For Incompleteness | 2 | $306,000 | $153,000 | $219,000 | $63,000 | $77,000 |
| Loan Purchased By The Institution | 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 | 24 | $1,521,000 | $63,000 | $130,000 | $36,000 | $192,000 |
| Collateral | 12 | $2,325,000 | $193,000 | $1,000,000 | $206,000 | $756,000 |
| Debt-To-Income Ratio | 7 | $1,039,000 | $148,000 | $295,000 | $160,000 | $434,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $182,000 | $91,000 | $133,000 | $51,000 | $63,000 |
| Other | 1 | $112,000 | $112,000 | $112,000 | $62,000 | $62,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Main Street Bank & Trust's 2003 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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