Monroe Bank & Trust Mortgage Lending & HMDA Data, 2009
In 2009, Monroe Bank & Trust of Monroe, MI reported 239 mortgage applications totaling $27.3 million, down 29% from 2008. The average application was for $114,330, and applicants reported an average income of $54,815. 83% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Monroe, MI (192), Detroit-Livonia-Dearborn, MI (33) and Toledo, OH (7) (applications in parentheses).
| Mortgage Company & Address | Monroe Bank & Trust 102 E Front St Monroe, MI 48161 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 239 |
| Total Mortgage Loan Application Amount | $27,325,000 |
| Average Mortgage Loan Application Amount | $114,330 |
| Highest Mortgage Loan Application Amount | $2,400,000 |
| Average Applicant Income | $54,815 |
| Highest Applicant Income | $753,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Monroe Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Monroe, Michigan | 192 | $ 22,223,000 | $ 115,744 | $ 56,000 |
| Wayne, Michigan | 33 | $ 1,682,000 | $ 50,969 | $ 52,000 |
| Lucas, Ohio | 5 | $ 386,000 | $ 77,200 | $ 71,000 |
| Lenawee, Michigan | 2 | $ 36,000 | $ 18,000 | $ 46,000 |
| Oakland, Michigan | 2 | $ 108,000 | $ 54,000 | $ 63,000 |
| Washtenaw, Michigan | 2 | $ 175,000 | $ 87,500 | $ 0 |
| Antrim, Michigan | 1 | $ 2,400,000 | $ 2,400,000 | $ 0 |
| Ottawa, Ohio | 1 | $ 300,000 | $ 300,000 | $ 0 |
| Wood, Ohio | 1 | $ 15,000 | $ 15,000 | $ 0 |
Mortgage Loan Application Detail Totals for Monroe Bank & Trust 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 | 162 | $25,448,000 | $157,000 | $2,400,000 | $52,000 | $753,000 |
| Home Improvement | 51 | $802,000 | $15,000 | $70,000 | $55,000 | $203,000 |
| Home Purchase | 26 | $1,075,000 | $41,000 | $201,000 | $72,000 | $294,000 |
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 | 172 | $9,440,000 | $54,000 | $720,000 | $62,000 | $300,000 |
| Not applicable | 43 | $15,031,000 | $349,000 | $2,400,000 | $10,000 | $294,000 |
| Not Provided | 14 | $2,098,000 | $149,000 | $1,272,000 | $94,000 | $753,000 |
| Hispanic | 5 | $124,000 | $24,000 | $72,000 | $41,000 | $46,000 |
| American Indian or Alaskan Native | 2 | $95,000 | $47,000 | $50,000 | $16,000 | $32,000 |
| Black or African American | 2 | $462,000 | $231,000 | $395,000 | $186,000 | $373,000 |
| Asian | 1 | $75,000 | $75,000 | $75,000 | $38,000 | $38,000 |
| 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) | 239 | $27,325,000 | $114,000 | $2,400,000 | $55,000 | $753,000 |
| 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 | 198 | $26,291,000 | $132,000 | $2,400,000 | $56,000 | $753,000 |
| Application Denied By Financial Institution | 36 | $844,000 | $23,000 | $126,000 | $45,000 | $195,000 |
| Application Approved But Not Accepted | 3 | $145,000 | $48,000 | $100,000 | $49,000 | $77,000 |
| Application Withdrawn By Applicant | 2 | $45,000 | $22,000 | $30,000 | $41,000 | $64,000 |
| File Closed For Incompleteness | 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 Monroe Bank & Trust'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 Monroe 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 Michigan, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About