Marquette Bank Mortgage Lending & HMDA Data, 2009

In 2009, Marquette Bank of Chicago, IL reported 2,263 mortgage applications totaling $462.6 million, up 27% from 2008. The average application was for $204,399, and applicants reported an average income of $82,862. 85% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Chicago-Naperville-Joliet, IL (2,138), Gary, IN (33) and Lake County-Kenosha County, IL-WI (21) (applications in parentheses).

Mortgage Company & Address Marquette Bank
6316 S Western Ave
Chicago, IL 60636
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 2,263
Total Mortgage Loan Application Amount $462,557,000
Average Mortgage Loan Application Amount $204,399
Highest Mortgage Loan Application Amount $3,699,000
Average Applicant Income $82,862
Highest Applicant Income $2,429,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Marquette Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Marquette 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 1,523 $332,930,000 $218,000 $3,699,000 $85,000 $603,000
Home Purchase 497 $96,246,000 $193,000 $2,100,000 $87,000 $2,429,000
Home Improvement 243 $33,381,000 $137,000 $1,600,000 $61,000 $400,000

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 1,746 $361,684,000 $207,000 $2,500,000 $89,000 $2,429,000
Hispanic 225 $31,747,000 $141,000 $533,000 $55,000 $251,000
Black or African American 156 $18,408,000 $118,000 $417,000 $68,000 $197,000
Asian 67 $18,237,000 $272,000 $1,400,000 $117,000 $425,000
Not applicable 60 $31,488,000 $524,000 $3,699,000 $0 $0
American Indian or Alaskan Native 5 $736,000 $147,000 $308,000 $82,000 $141,000
Not Provided 3 $145,000 $48,000 $125,000 $49,000 $79,000
Native Hawaiian or Other Pacific Islander 1 $112,000 $112,000 $112,000 $43,000 $43,000

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) 2,041 $420,481,000 $206,000 $3,699,000 $85,000 $2,429,000
FHA-insured (Federal Housing Administration) 222 $42,076,000 $189,000 $430,000 $62,000 $315,000
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 1,933 $401,946,000 $207,000 $3,699,000 $84,000 $2,429,000
Application Denied By Financial Institution 138 $21,607,000 $156,000 $665,000 $59,000 $222,000
Application Approved But Not Accepted 97 $18,961,000 $195,000 $600,000 $101,000 $1,028,000
Application Withdrawn By Applicant 93 $17,563,000 $188,000 $505,000 $81,000 $585,000
File Closed For Incompleteness 2 $2,480,000 $1,240,000 $1,500,000 $0 $0
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial 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
Collateral 47 $7,696,000 $163,000 $500,000 $69,000 $154,000
Debt-To-Income Ratio 45 $7,113,000 $158,000 $650,000 $44,000 $119,000
Credit History 24 $2,217,000 $92,000 $381,000 $52,000 $127,000
Other 10 $1,869,000 $186,000 $405,000 $65,000 $164,000
Employment History 3 $287,000 $95,000 $131,000 $160,000 $222,000
Insufficient Cash (Downpayment, Closing Cost) 3 $449,000 $149,000 $173,000 $60,000 $89,000
Mortgage Insurance Denied 3 $606,000 $202,000 $285,000 $102,000 $188,000
Unverifiable Information 1 $40,000 $40,000 $40,000 $19,000 $19,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Marquette 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 Marquette 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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