Mb Financial Bank NA Mortgage Lending & HMDA Data, 2011
In 2011, Mb Financial Bank NA of Rosemont, IL reported 1,166 mortgage applications totaling $270.0 million, down 14% from 2010. The average application was for $231,550, and applicants reported an average income of $132,945. 47% of its applications resulted in an originated loan and 27% were denied. Its largest markets were Chicago-Joliet-Naperville, IL (1,016), Lake County-Kenosha County, IL-WI (47) and Gary, IN (26) (applications in parentheses).
| Mortgage Company & Address | Mb Financial Bank NA 6111 N. River Road Rosemont, IL 60018 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,166 |
| Total Mortgage Loan Application Amount | $269,988,000 |
| Average Mortgage Loan Application Amount | $231,550 |
| Highest Mortgage Loan Application Amount | $4,125,000 |
| Average Applicant Income | $132,945 |
| Highest Applicant Income | $4,307,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mb Financial Bank NA filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Cook, Illinois | 759 | $ 167,669,000 | $ 220,907 | $ 118,000 |
| DuPage, Illinois | 145 | $ 37,132,000 | $ 256,082 | $ 154,000 |
| Will, Illinois | 62 | $ 13,512,000 | $ 217,935 | $ 140,000 |
| Lake, Illinois | 47 | $ 15,313,000 | $ 325,808 | $ 284,000 |
| Kane, Illinois | 31 | $ 4,933,000 | $ 159,129 | $ 153,000 |
| Lake, Indiana | 22 | $ 3,066,000 | $ 139,363 | $ 55,000 |
| Kendall, Illinois | 9 | $ 1,622,000 | $ 180,222 | $ 67,000 |
| McHenry, Illinois | 8 | $ 1,206,000 | $ 150,750 | $ 119,000 |
| LaSalle, Illinois | 5 | $ 452,000 | $ 90,400 | $ 77,000 |
| Porter, Indiana | 4 | $ 1,003,000 | $ 250,750 | $ 129,000 |
| Philadelphia, Pennsylvania | 4 | $ 234,000 | $ 58,500 | $ 48,000 |
| Walworth, Wisconsin | 4 | $ 497,000 | $ 124,250 | $ 136,000 |
| Clark, Nevada | 3 | $ 1,953,000 | $ 651,000 | $ 365,000 |
| Maricopa, Arizona | 2 | $ 584,000 | $ 292,000 | $ 93,000 |
| Riverside, California | 2 | $ 609,000 | $ 304,500 | $ 150,000 |
| Broward, Florida | 2 | $ 1,160,000 | $ 580,000 | $ 2,221,000 |
| DeKalb, Illinois | 2 | $ 273,000 | $ 136,500 | $ 79,000 |
| Bucks, Pennsylvania | 2 | $ 419,000 | $ 209,500 | $ 57,000 |
| Montgomery, Pennsylvania | 2 | $ 311,000 | $ 155,500 | $ 37,000 |
| Denton, Texas | 2 | $ 466,000 | $ 233,000 | $ 92,000 |
| Pima, Arizona | 1 | $ 298,000 | $ 298,000 | $ 210,000 |
| Marin, California | 1 | $ 539,000 | $ 539,000 | $ 909,000 |
| Boulder, Colorado | 1 | $ 183,000 | $ 183,000 | $ 0 |
| Brevard, Florida | 1 | $ 75,000 | $ 75,000 | $ 75,000 |
| Collier, Florida | 1 | $ 54,000 | $ 54,000 | $ 128,000 |
| Lee, Florida | 1 | $ 420,000 | $ 420,000 | $ 1,196,000 |
| Manatee, Florida | 1 | $ 30,000 | $ 30,000 | $ 100,000 |
| Sarasota, Florida | 1 | $ 600,000 | $ 600,000 | $ 511,000 |
| Kankakee, Illinois | 1 | $ 90,000 | $ 90,000 | $ 109,000 |
| Spencer, Kentucky | 1 | $ 200,000 | $ 200,000 | $ 100,000 |
| Berrien, Michigan | 1 | $ 270,000 | $ 270,000 | $ 138,000 |
| Kalamazoo, Michigan | 1 | $ 4,000,000 | $ 4,000,000 | $ 0 |
| Kent, Michigan | 1 | $ 4,125,000 | $ 4,125,000 | $ 0 |
| Macomb, Michigan | 1 | $ 60,000 | $ 60,000 | $ 70,000 |
| St. Louis, Minnesota | 1 | $ 231,000 | $ 231,000 | $ 103,000 |
| St. Charles, Missouri | 1 | $ 100,000 | $ 100,000 | $ 88,000 |
| Ocean, New Jersey | 1 | $ 100,000 | $ 100,000 | $ 30,000 |
| Williams, North Dakota | 1 | $ 79,000 | $ 79,000 | $ 159,000 |
| Delaware, Pennsylvania | 1 | $ 125,000 | $ 125,000 | $ 130,000 |
| Sevier, Tennessee | 1 | $ 150,000 | $ 150,000 | $ 259,000 |
| Hopkins, Texas | 1 | $ 35,000 | $ 35,000 | $ 47,000 |
| Tarrant, Texas | 1 | $ 326,000 | $ 326,000 | $ 194,000 |
| Racine, Wisconsin | 1 | $ 328,000 | $ 328,000 | $ 143,000 |
Mortgage Loan Application Detail Totals for Mb Financial Bank NA in 2011
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 | 885 | $209,892,000 | $237,000 | $3,640,000 | $143,000 | $4,307,000 |
| Home Purchase | 211 | $50,258,000 | $238,000 | $4,125,000 | $109,000 | $2,119,000 |
| Home Improvement | 70 | $9,838,000 | $140,000 | $4,000,000 | $78,000 | $630,000 |
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 | 723 | $165,826,000 | $229,000 | $2,800,000 | $159,000 | $4,307,000 |
| Asian | 115 | $23,552,000 | $204,000 | $580,000 | $99,000 | $523,000 |
| Hispanic | 106 | $14,205,000 | $134,000 | $540,000 | $52,000 | $175,000 |
| Not Provided | 106 | $28,938,000 | $273,000 | $2,559,000 | $162,000 | $1,196,000 |
| Black or African American | 86 | $9,489,000 | $110,000 | $800,000 | $69,000 | $410,000 |
| Not applicable | 25 | $27,134,000 | $1,085,000 | $4,125,000 | $0 | $0 |
| American Indian or Alaskan Native | 3 | $414,000 | $138,000 | $290,000 | $75,000 | $104,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $430,000 | $215,000 | $290,000 | $172,000 | $235,000 |
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) | 1,161 | $268,963,000 | $231,000 | $4,125,000 | $133,000 | $4,307,000 |
| FHA-insured (Federal Housing Administration) | 5 | $1,025,000 | $205,000 | $320,000 | $54,000 | $79,000 |
| 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 | 545 | $147,738,000 | $271,000 | $4,125,000 | $159,000 | $4,307,000 |
| Application Denied By Financial Institution | 317 | $58,457,000 | $184,000 | $1,800,000 | $95,000 | $1,442,000 |
| Application Withdrawn By Applicant | 163 | $33,891,000 | $207,000 | $1,928,000 | $125,000 | $1,740,000 |
| Application Approved But Not Accepted | 58 | $12,434,000 | $214,000 | $580,000 | $130,000 | $883,000 |
| File Closed For Incompleteness | 57 | $12,312,000 | $216,000 | $1,300,000 | $168,000 | $1,269,000 |
| Preapproval Denied by Financial Institution | 26 | $5,156,000 | $198,000 | $900,000 | $46,000 | $190,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 205 | $37,108,000 | $181,000 | $1,075,000 | $52,000 | $207,000 |
| Collateral | 67 | $16,662,000 | $248,000 | $1,800,000 | $195,000 | $1,442,000 |
| Credit History | 64 | $9,033,000 | $141,000 | $860,000 | $106,000 | $551,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $268,000 | $134,000 | $208,000 | $159,000 | $288,000 |
| Other | 2 | $188,000 | $94,000 | $113,000 | $95,000 | $139,000 |
| Mortgage Insurance Denied | 1 | $80,000 | $80,000 | $80,000 | $22,000 | $22,000 |
| Credit Application Incomplete | 1 | $150,000 | $150,000 | $150,000 | $62,000 | $62,000 |
| Employment History | 1 | $124,000 | $124,000 | $124,000 | $30,000 | $30,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mb Financial Bank NA's 2011 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 Mb Financial Bank NA'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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