Main Street Bank & Trust Mortgage Lending & HMDA Data, 2006
In 2006, Main Street Bank & Trust of Champaign, IL reported 1,013 mortgage applications totaling $109.2 million, down 22% from 2005. The average application was for $107,753, and applicants reported an average income of $78,454. 76% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Champaign-Urbana, IL (460), Decatur, IL (254) and Bloomington-Normal, IL (114) (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 | 1,013 |
| Total Mortgage Loan Application Amount | $109,154,000 |
| Average Mortgage Loan Application Amount | $107,753 |
| Highest Mortgage Loan Application Amount | $1,700,000 |
| Average Applicant Income | $78,454 |
| Highest Applicant Income | $1,676,000 |
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(HMDA) records Main Street Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 460 | $ 55,379,000 | $ 120,389 | $ 83,000 |
| Decatur, IL | 254 | $ 24,013,000 | $ 94,539 | $ 73,000 |
| Bloomington-Normal, IL | 114 | $ 13,499,000 | $ 118,412 | $ 80,000 |
| Peoria, IL | 15 | $ 911,000 | $ 60,733 | $ 84,000 |
| Chicago-Naperville-Joliet, IL | 9 | $ 2,061,000 | $ 229,000 | $ 284,000 |
| Danville, IL | 5 | $ 406,000 | $ 81,200 | $ 107,000 |
| St. Louis, MO-IL | 3 | $ 218,000 | $ 72,666 | $ 50,000 |
| Bakersfield, CA | 1 | $ 38,000 | $ 38,000 | $ 122,000 |
| Denver-Aurora, CO | 1 | $ 260,000 | $ 260,000 | $ 102,000 |
| Naples-Marco Island, FL | 1 | $ 975,000 | $ 975,000 | $ 1,554,000 |
| Nashville-Davidson--Murfreesboro, TN | 1 | $ 185,000 | $ 185,000 | $ 101,000 |
| Saginaw-Saginaw Township North, MI | 1 | $ 4,000 | $ 4,000 | $ 15,000 |
| Sarasota-Bradenton-Venice, FL | 1 | $ 572,000 | $ 572,000 | $ 0 |
| Sebastian-Vero Beach, FL | 1 | $ 500,000 | $ 500,000 | $ 206,000 |
| Springfield, IL | 1 | $ 87,000 | $ 87,000 | $ 52,000 |
| Tallahassee, FL | 1 | $ 175,000 | $ 175,000 | $ 192,000 |
Mortgage Loan Application Detail Totals for Main Street Bank & Trust in 2006
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 | 572 | $63,887,000 | $111,000 | $1,700,000 | $75,000 | $1,554,000 |
| Refinancing | 334 | $38,597,000 | $115,000 | $685,000 | $89,000 | $1,676,000 |
| Home Improvement | 107 | $6,670,000 | $62,000 | $1,600,000 | $64,000 | $275,000 |
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 | 860 | $91,086,000 | $105,000 | $1,600,000 | $80,000 | $935,000 |
| Black or African American | 57 | $4,111,000 | $72,000 | $520,000 | $87,000 | $1,676,000 |
| Not applicable | 37 | $6,917,000 | $186,000 | $1,700,000 | $0 | $0 |
| Asian | 27 | $3,989,000 | $147,000 | $600,000 | $100,000 | $256,000 |
| Hispanic | 17 | $1,431,000 | $84,000 | $268,000 | $65,000 | $153,000 |
| Not Provided | 13 | $1,522,000 | $117,000 | $975,000 | $159,000 | $1,554,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $98,000 | $49,000 | $53,000 | $25,000 | $40,000 |
| 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) | 980 | $105,714,000 | $107,000 | $1,700,000 | $80,000 | $1,676,000 |
| FHA-insured (Federal Housing Administration) | 33 | $3,440,000 | $104,000 | $166,000 | $41,000 | $95,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 | 773 | $88,037,000 | $113,000 | $1,700,000 | $83,000 | $1,676,000 |
| Application Denied By Financial Institution | 109 | $7,301,000 | $66,000 | $685,000 | $42,000 | $249,000 |
| Application Withdrawn By Applicant | 77 | $9,541,000 | $123,000 | $975,000 | $107,000 | $1,554,000 |
| Preapproval Denied by Financial Institution | 35 | $2,615,000 | $74,000 | $256,000 | $34,000 | $154,000 |
| Application Approved But Not Accepted | 16 | $1,595,000 | $99,000 | $417,000 | $63,000 | $175,000 |
| File Closed For Incompleteness | 3 | $65,000 | $21,000 | $30,000 | $60,000 | $127,000 |
| 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 | 71 | $4,085,000 | $57,000 | $256,000 | $39,000 | $154,000 |
| Debt-To-Income Ratio | 51 | $4,386,000 | $86,000 | $685,000 | $32,000 | $231,000 |
| Collateral | 8 | $637,000 | $79,000 | $185,000 | $57,000 | $101,000 |
| Other | 6 | $296,000 | $49,000 | $90,000 | $96,000 | $249,000 |
| Employment History | 4 | $219,000 | $54,000 | $64,000 | $29,000 | $74,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $170,000 | $56,000 | $67,000 | $61,000 | $77,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 2006 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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