Monroe Bank & Trust Mortgage Lending & HMDA Data, 2012
In 2012, Monroe Bank & Trust of Monroe, MI reported 505 mortgage applications totaling $62.7 million, up 6% from 2011. The average application was for $124,211, and applicants reported an average income of $69,603. 46% of its applications resulted in an originated loan and 35% were denied. Its largest markets were Monroe, MI (344), Detroit-Livonia-Dearborn, MI (82) and Warren-Troy-Farmington Hills, MI (16) (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 | 505 |
| Total Mortgage Loan Application Amount | $62,727,000 |
| Average Mortgage Loan Application Amount | $124,211 |
| Highest Mortgage Loan Application Amount | $1,825,000 |
| Average Applicant Income | $69,603 |
| Highest Applicant Income | $711,000 |
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Act (HMDA) records Monroe Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 344 | $ 40,005,000 | $ 116,293 | $ 69,000 |
| Wayne, Michigan | 82 | $ 8,671,000 | $ 105,743 | $ 57,000 |
| Oakland, Michigan | 13 | $ 4,044,000 | $ 311,076 | $ 130,000 |
| Lucas, Ohio | 13 | $ 1,057,000 | $ 81,307 | $ 44,000 |
| Lenawee, Michigan | 10 | $ 996,000 | $ 99,600 | $ 71,000 |
| Washtenaw, Michigan | 8 | $ 3,029,000 | $ 378,625 | $ 45,000 |
| Benzie, Michigan | 2 | $ 336,000 | $ 168,000 | $ 110,000 |
| Jackson, Michigan | 2 | $ 768,000 | $ 384,000 | $ 374,000 |
| Macomb, Michigan | 2 | $ 206,000 | $ 103,000 | $ 76,000 |
| Lee, Florida | 1 | $ 138,000 | $ 138,000 | $ 240,000 |
| Branch, Michigan | 1 | $ 80,000 | $ 80,000 | $ 52,000 |
| Gladwin, Michigan | 1 | $ 165,000 | $ 165,000 | $ 225,000 |
| Kent, Michigan | 1 | $ 120,000 | $ 120,000 | $ 216,000 |
| Livingston, Michigan | 1 | $ 179,000 | $ 179,000 | $ 165,000 |
| Manistee, Michigan | 1 | $ 311,000 | $ 311,000 | $ 0 |
| Montmorency, Michigan | 1 | $ 80,000 | $ 80,000 | $ 0 |
| Oceana, Michigan | 1 | $ 112,000 | $ 112,000 | $ 155,000 |
| Oscoda, Michigan | 1 | $ 173,000 | $ 173,000 | $ 360,000 |
| Roscommon, Michigan | 1 | $ 65,000 | $ 65,000 | $ 44,000 |
| Fulton, Ohio | 1 | $ 152,000 | $ 152,000 | $ 0 |
Mortgage Loan Application Detail Totals for Monroe Bank & Trust in 2012
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 | 241 | $38,804,000 | $161,000 | $1,611,000 | $72,000 | $711,000 |
| Home Purchase | 161 | $21,092,000 | $131,000 | $1,825,000 | $76,000 | $509,000 |
| Home Improvement | 103 | $2,831,000 | $27,000 | $1,200,000 | $54,000 | $482,000 |
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 | 310 | $31,824,000 | $102,000 | $965,000 | $74,000 | $489,000 |
| Not Provided | 131 | $18,602,000 | $142,000 | $1,200,000 | $79,000 | $509,000 |
| Not applicable | 46 | $10,177,000 | $221,000 | $1,825,000 | $0 | $0 |
| Black or African American | 8 | $570,000 | $71,000 | $245,000 | $47,000 | $103,000 |
| Hispanic | 6 | $541,000 | $90,000 | $447,000 | $82,000 | $261,000 |
| American Indian or Alaskan Native | 3 | $161,000 | $53,000 | $122,000 | $110,000 | $180,000 |
| Asian | 1 | $852,000 | $852,000 | $852,000 | $711,000 | $711,000 |
| 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) | 488 | $60,618,000 | $124,000 | $1,825,000 | $70,000 | $711,000 |
| FHA-insured (Federal Housing Administration) | 17 | $2,109,000 | $124,000 | $297,000 | $65,000 | $126,000 |
| 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 | 234 | $31,517,000 | $134,000 | $1,825,000 | $67,000 | $509,000 |
| Application Denied By Financial Institution | 177 | $18,414,000 | $104,000 | $852,000 | $69,000 | $711,000 |
| Application Approved But Not Accepted | 48 | $6,692,000 | $139,000 | $1,200,000 | $90,000 | $482,000 |
| Preapproval Denied by Financial Institution | 18 | $2,040,000 | $113,000 | $398,000 | $53,000 | $120,000 |
| Application Withdrawn By Applicant | 14 | $1,942,000 | $138,000 | $266,000 | $65,000 | $158,000 |
| File Closed For Incompleteness | 12 | $1,979,000 | $164,000 | $294,000 | $81,000 | $164,000 |
| Loan Purchased By The Institution | 2 | $143,000 | $71,000 | $75,000 | $35,000 | $70,000 |
| 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 |
|---|---|---|---|---|---|---|
| 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 2012 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.
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