Main Street Bank & Trust Mortgage Lending & HMDA Data, 2004
In 2004, Main Street Bank & Trust of Champaign, IL reported 745 mortgage applications totaling $102.6 million, down 43% from 2003. The average application was for $137,655, and applicants reported an average income of $75,456. 93% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Champaign-Urbana, IL (627), Danville, IL (10) and Chicago-Naperville-Joliet, IL (8) (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 | 745 |
| Total Mortgage Loan Application Amount | $102,553,000 |
| Average Mortgage Loan Application Amount | $137,655 |
| Highest Mortgage Loan Application Amount | $9,300,000 |
| Average Applicant Income | $75,456 |
| Highest Applicant Income | $7,710,000 |
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(HMDA) records Main Street Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Champaign-Urbana, IL | 627 | $ 83,778,000 | $ 133,617 | $ 78,000 |
| Danville, IL | 10 | $ 972,000 | $ 97,200 | $ 61,000 |
| Chicago-Naperville-Joliet, IL | 8 | $ 7,645,000 | $ 955,625 | $ 48,000 |
| Decatur, IL | 3 | $ 262,000 | $ 87,333 | $ 55,000 |
| Bloomington-Normal, IL | 2 | $ 228,000 | $ 114,000 | $ 60,000 |
| Cincinnati-Middletown, OH-KY-IN | 2 | $ 172,000 | $ 86,000 | $ 65,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 1,650,000 | $ 1,650,000 | $ 7,710,000 |
| Denver-Aurora, CO | 1 | $ 129,000 | $ 129,000 | $ 95,000 |
| Jacksonville, FL | 1 | $ 176,000 | $ 176,000 | $ 153,000 |
Mortgage Loan Application Detail Totals for Main Street Bank & Trust in 2004
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 | 428 | $54,949,000 | $238,833 | $2,876,000 | $710,833 | $7,710,000 |
| Refinancing | 252 | $32,173,000 | $127,000 | $3,407,000 | $80,000 | $868,000 |
| Home Improvement | 65 | $15,431,000 | $237,000 | $9,300,000 | $66,000 | $439,000 |
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 | 606 | $67,237,000 | $236,000 | $3,407,000 | $712,500 | $7,710,000 |
| Not applicable | 44 | $24,293,000 | $552,000 | $9,300,000 | $0 | $0 |
| Asian | 39 | $5,011,000 | $128,000 | $356,000 | $61,000 | $254,000 |
| Black or African American | 38 | $4,232,000 | $111,000 | $600,000 | $97,000 | $868,000 |
| Hispanic | 15 | $1,668,000 | $111,000 | $317,000 | $102,000 | $201,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $58,000 | $58,000 | $58,000 | $44,000 | $44,000 |
| Not Provided | 1 | $52,000 | $52,000 | $52,000 | $46,000 | $46,000 |
| American Indian or Alaskan Native | 1 | $2,000 | $2,000 | $2,000 | $12,000 | $12,000 |
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) | 718 | $99,858,000 | $240,833 | $9,300,000 | $712,666 | $7,710,000 |
| FHA-insured (Federal Housing Administration) | 22 | $2,308,000 | $104,000 | $161,000 | $53,000 | $162,000 |
| VA-guaranteed (Veterans Administration) | 3 | $234,000 | $78,000 | $128,000 | $56,000 | $80,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $153,000 | $76,000 | $88,000 | $42,000 | $49,000 |
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 | 694 | $97,426,000 | $316,500 | $9,300,000 | $1,039,750 | $7,710,000 |
| Application Denied By Financial Institution | 28 | $2,401,000 | $90,500 | $265,000 | $63,000 | $98,000 |
| Application Approved But Not Accepted | 10 | $1,288,000 | $128,000 | $300,000 | $75,000 | $224,000 |
| Application Withdrawn By Applicant | 6 | $488,000 | $81,000 | $106,000 | $55,000 | $78,000 |
| File Closed For Incompleteness | 5 | $782,000 | $156,000 | $280,000 | $79,000 | $165,000 |
| Preapproval Denied by Financial Institution | 2 | $168,000 | $84,000 | $120,000 | $40,000 | $55,000 |
| 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 | 20 | $1,381,000 | $75,500 | $142,000 | $44,000 | $98,000 |
| Debt-To-Income Ratio | 4 | $600,000 | $150,000 | $248,000 | $48,000 | $81,000 |
| Collateral | 3 | $396,000 | $123,000 | $265,000 | $71,500 | $92,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $152,000 | $76,000 | $92,000 | $42,000 | $55,000 |
| Other | 1 | $40,000 | $40,000 | $40,000 | $20,000 | $20,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 2004 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.
For a list of all lenders in Illinois, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About