Minnesota Bank & Trust Mortgage Lending & HMDA Data, 2014
In 2014, Minnesota Bank & Trust of Edina, MN reported 64 mortgage applications totaling $19.1 million, down 38% from 2013. The average application was for $298,437, and applicants reported an average income of $216,062. 23% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (44), Augusta-Richmond County, GA-SC (1) and Cape Coral-Fort Myers, FL (1) (applications in parentheses).
| Mortgage Company & Address | Minnesota Bank & Trust 7701 France Ave S Suite 110 Edina, MN 55435 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2021 2020 2019 2018 2016 2015 2014 2013 2012 2011 2010 |
| Total Number of Mortgage Applications | 64 |
| Total Mortgage Loan Application Amount | $19,100,000 |
| Average Mortgage Loan Application Amount | $298,437 |
| Highest Mortgage Loan Application Amount | $1,800,000 |
| Average Applicant Income | $216,062 |
| Highest Applicant Income | $2,425,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Minnesota Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Minnesota Bank & Trust in 2014
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 | 42 | $10,980,000 | $261,000 | $920,000 | $115,000 | $340,000 |
| Refinancing | 22 | $8,120,000 | $369,000 | $1,800,000 | $409,000 | $2,425,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 53 | $16,368,000 | $308,000 | $1,800,000 | $242,000 | $2,425,000 |
| Not Provided | 4 | $967,000 | $241,000 | $309,000 | $126,000 | $179,000 |
| Black or African American | 3 | $893,000 | $297,000 | $379,000 | $108,000 | $180,000 |
| Not applicable | 2 | $751,000 | $375,000 | $553,000 | $0 | $0 |
| American Indian or Alaskan Native | 1 | $20,000 | $20,000 | $20,000 | $79,000 | $79,000 |
| Asian | 1 | $101,000 | $101,000 | $101,000 | $84,000 | $84,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 52 | $16,947,000 | $325,000 | $1,800,000 | $248,000 | $2,425,000 |
| FHA-insured (Federal Housing Administration) | 8 | $1,367,000 | $170,000 | $253,000 | $82,000 | $179,000 |
| VA-guaranteed (Veterans Administration) | 3 | $676,000 | $225,000 | $335,000 | $72,000 | $103,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $110,000 | $110,000 | $110,000 | $50,000 | $50,000 |
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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 34 | $8,093,000 | $238,000 | $920,000 | $119,000 | $365,000 |
| Loan Originated | 15 | $7,589,000 | $505,000 | $1,800,000 | $502,000 | $2,425,000 |
| File Closed For Incompleteness | 14 | $3,398,000 | $242,000 | $417,000 | $153,000 | $484,000 |
| Application Approved But Not Accepted | 1 | $20,000 | $20,000 | $20,000 | $79,000 | $79,000 |
| Application Denied By Financial Institution | 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Minnesota Bank & Trust's 2014 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 Minnesota 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 Minnesota, download the full spreadsheet
with aggregated HMDA statistics today.
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