Monroe Bank & Trust Mortgage Lending & HMDA Data, 2003
In 2003, Monroe Bank & Trust of Monroe, MI reported 422 mortgage applications totaling $20.2 million. The average application was for $47,824, and applicants reported an average income of $56,758. 69% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Detroit, MI (375), Ann Arbor, MI (31) and Kalamazoo-Battle Creek, MI (6) (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 | 422 |
| Total Mortgage Loan Application Amount | $20,182,000 |
| Average Mortgage Loan Application Amount | $47,824 |
| Highest Mortgage Loan Application Amount | $800,000 |
| Average Applicant Income | $56,758 |
| Highest Applicant Income | $619,000 |
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Act (HMDA) records Monroe Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Detroit, MI | 375 | $ 17,942,000 | $ 47,845 | $ 60,000 |
| Ann Arbor, MI | 31 | $ 1,625,000 | $ 52,419 | $ 54,000 |
| Kalamazoo-Battle Creek, MI | 6 | $ 14,000 | $ 2,333 | $ 11,000 |
| Toledo, OH | 3 | $ 221,000 | $ 73,666 | $ 74,000 |
| Columbus, OH | 1 | $ 67,000 | $ 67,000 | $ 78,000 |
| Hamilton-Middletown, OH | 1 | $ 20,000 | $ 20,000 | $ 110,000 |
| Knoxville, TN | 1 | $ 5,000 | $ 5,000 | $ 6,000 |
Mortgage Loan Application Detail Totals for Monroe Bank & Trust in 2003
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 (one-to-four family) | 246 | $12,491,000 | $44,500 | $350,000 | $71,500 | $284,000 |
| Home Improvement (one-to-four family) | 117 | $2,195,000 | $26,000 | $91,000 | $46,333 | $204,000 |
| Refinancing (home purchase or home improvement, one-to-four family) | 59 | $5,496,000 | $113,500 | $800,000 | $70,000 | $619,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 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 | 386 | $18,519,000 | $37,666 | $800,000 | $50,333 | $619,000 |
| Information not provided by applicant in mail or telephone application | 12 | $422,000 | $35,000 | $200,000 | $54,000 | $94,000 |
| Black | 11 | $482,000 | $43,000 | $100,000 | $39,000 | $60,000 |
| Hispanic | 9 | $465,000 | $51,000 | $200,000 | $36,000 | $50,000 |
| American Indian or Alaskan Native | 2 | $159,000 | $79,000 | $97,000 | $108,000 | $191,000 |
| Other | 2 | $135,000 | $67,000 | $83,000 | $91,000 | $94,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian or 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) | 421 | $20,130,000 | $37,666 | $800,000 | $49,000 | $619,000 |
| FHA-insured (Federal Housing Administration) | 1 | $52,000 | $52,000 | $52,000 | $55,000 | $55,000 |
| 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 | 290 | $13,531,000 | $28,666 | $800,000 | $53,333 | $619,000 |
| Application Denied By Financial Institution | 84 | $4,068,000 | $74,000 | $163,000 | $62,500 | $151,000 |
| Application Approved But Not Accepted | 47 | $2,396,000 | $50,000 | $92,000 | $51,000 | $132,000 |
| Application Withdrawn By Applicant | 1 | $187,000 | $187,000 | $187,000 | $35,000 | $35,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 2003 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