Millennium Bank Mortgage Lending & HMDA Data, 2016
In 2016, Millennium Bank of Desplaines, IL reported 340 mortgage applications totaling $106.4 million, down 17% from 2015. The average application was for $313,041, and applicants reported an average income of $165,294. 95% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Chicago-Naperville-Arlington Heights, IL (259), Lake County-Kenosha County, IL-WI (25) and Elgin, IL (6) (applications in parentheses).
| Mortgage Company & Address | Millennium Bank 2077 Miner Street Desplaines, IL 60016 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 2017 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 340 |
| Total Mortgage Loan Application Amount | $106,434,000 |
| Average Mortgage Loan Application Amount | $313,041 |
| Highest Mortgage Loan Application Amount | $1,200,000 |
| Average Applicant Income | $165,294 |
| Highest Applicant Income | $2,000,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Millennium Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Cook, Illinois | 218 | $ 69,142,000 | $ 317,165 | $ 168,000 |
| DuPage, Illinois | 28 | $ 8,857,000 | $ 316,321 | $ 157,000 |
| Lake, Illinois | 25 | $ 8,197,000 | $ 327,880 | $ 147,000 |
| McHenry, Illinois | 6 | $ 1,390,000 | $ 231,666 | $ 101,000 |
| Kane, Illinois | 5 | $ 1,261,000 | $ 252,200 | $ 207,000 |
| Will, Illinois | 4 | $ 807,000 | $ 201,750 | $ 87,000 |
| Kendall, Illinois | 3 | $ 678,000 | $ 226,000 | $ 73,000 |
| Hennepin, Minnesota | 3 | $ 943,000 | $ 314,333 | $ 91,000 |
| Los Angeles, California | 2 | $ 1,097,000 | $ 548,500 | $ 138,000 |
| Palm Beach, Florida | 2 | $ 564,000 | $ 282,000 | $ 119,000 |
| Chatham, Georgia | 2 | $ 800,000 | $ 400,000 | $ 162,000 |
| Fulton, Georgia | 2 | $ 353,000 | $ 176,500 | $ 214,000 |
| Ottawa, Michigan | 2 | $ 614,000 | $ 307,000 | $ 169,000 |
| Salt Lake, Utah | 2 | $ 507,000 | $ 253,500 | $ 78,000 |
| Milwaukee, Wisconsin | 2 | $ 1,073,000 | $ 536,500 | $ 93,000 |
| Maricopa, Arizona | 1 | $ 417,000 | $ 417,000 | $ 128,000 |
| Pulaski, Arkansas | 1 | $ 336,000 | $ 336,000 | $ 320,000 |
| Alameda, California | 1 | $ 595,000 | $ 595,000 | $ 340,000 |
| San Diego, California | 1 | $ 293,000 | $ 293,000 | $ 134,000 |
| San Francisco, California | 1 | $ 452,000 | $ 452,000 | $ 210,000 |
| Lake, Florida | 1 | $ 132,000 | $ 132,000 | $ 65,000 |
| Orange, Florida | 1 | $ 331,000 | $ 331,000 | $ 99,000 |
| Polk, Florida | 1 | $ 344,000 | $ 344,000 | $ 115,000 |
| DeKalb, Illinois | 1 | $ 99,000 | $ 99,000 | $ 148,000 |
| Lee, Illinois | 1 | $ 176,000 | $ 176,000 | $ 95,000 |
| McLean, Illinois | 1 | $ 244,000 | $ 244,000 | $ 134,000 |
| Ogle, Illinois | 1 | $ 208,000 | $ 208,000 | $ 489,000 |
| Hamilton, Indiana | 1 | $ 336,000 | $ 336,000 | $ 127,000 |
| Sedgwick, Kansas | 1 | $ 118,000 | $ 118,000 | $ 36,000 |
| Cumberland, Maine | 1 | $ 315,000 | $ 315,000 | $ 900,000 |
| Middlesex, Massachusetts | 1 | $ 391,000 | $ 391,000 | $ 115,000 |
| Oakland, Michigan | 1 | $ 301,000 | $ 301,000 | $ 250,000 |
| Oceana, Michigan | 1 | $ 235,000 | $ 235,000 | $ 118,000 |
| Ramsey, Minnesota | 1 | $ 275,000 | $ 275,000 | $ 569,000 |
| Camden, New Jersey | 1 | $ 408,000 | $ 408,000 | $ 191,000 |
| Albany, New York | 1 | $ 171,000 | $ 171,000 | $ 252,000 |
| Westchester, New York | 1 | $ 274,000 | $ 274,000 | $ 157,000 |
| Orange, North Carolina | 1 | $ 216,000 | $ 216,000 | $ 166,000 |
| Franklin, Ohio | 1 | $ 289,000 | $ 289,000 | $ 150,000 |
| Portage, Ohio | 1 | $ 223,000 | $ 223,000 | $ 91,000 |
| Warren, Ohio | 1 | $ 241,000 | $ 241,000 | $ 171,000 |
| Allegheny, Pennsylvania | 1 | $ 292,000 | $ 292,000 | $ 269,000 |
| Dyer, Tennessee | 1 | $ 160,000 | $ 160,000 | $ 30,000 |
| Dallas, Texas | 1 | $ 414,000 | $ 414,000 | $ 103,000 |
| Travis, Texas | 1 | $ 394,000 | $ 394,000 | $ 151,000 |
| Loudoun, Virginia | 1 | $ 541,000 | $ 541,000 | $ 147,000 |
| Benton, Washington | 1 | $ 264,000 | $ 264,000 | $ 598,000 |
| Dane, Wisconsin | 1 | $ 315,000 | $ 315,000 | $ 177,000 |
| Eau Claire, Wisconsin | 1 | $ 351,000 | $ 351,000 | $ 100,000 |
Mortgage Loan Application Detail Totals for Millennium Bank in 2016
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 | 210 | $67,896,000 | $323,000 | $656,000 | $166,000 | $2,000,000 |
| Home Purchase | 127 | $37,998,000 | $299,000 | $1,200,000 | $151,000 | $900,000 |
| Home Improvement | 3 | $540,000 | $180,000 | $270,000 | $721,000 | $2,000,000 |
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 | 275 | $85,454,000 | $310,000 | $568,000 | $165,000 | $2,000,000 |
| Asian | 43 | $15,036,000 | $349,000 | $1,200,000 | $202,000 | $2,000,000 |
| Hispanic | 14 | $3,904,000 | $278,000 | $417,000 | $97,000 | $186,000 |
| Black or African American | 3 | $860,000 | $286,000 | $391,000 | $173,000 | $330,000 |
| Not Provided | 3 | $720,000 | $240,000 | $351,000 | $84,000 | $108,000 |
| American Indian or Alaskan Native | 1 | $174,000 | $174,000 | $174,000 | $55,000 | $55,000 |
| Native Hawaiin or Other Pacific Islander | 1 | $286,000 | $286,000 | $286,000 | $120,000 | $120,000 |
| Not applicable | 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) | 340 | $106,434,000 | $313,000 | $1,200,000 | $165,000 | $2,000,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 324 | $102,103,000 | $315,000 | $1,200,000 | $166,000 | $2,000,000 |
| File Closed For Incompleteness | 13 | $3,661,000 | $281,000 | $417,000 | $160,000 | $698,000 |
| Application Denied By Financial Institution | 3 | $670,000 | $223,000 | $259,000 | $99,000 | $124,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $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 |
|---|---|---|---|---|---|---|
| Credit History | 1 | $207,000 | $207,000 | $207,000 | $85,000 | $85,000 |
| Debt-To-Income Ratio | 1 | $204,000 | $204,000 | $204,000 | $124,000 | $124,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $259,000 | $259,000 | $259,000 | $89,000 | $89,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Millennium Bank's 2016 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 Millennium 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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