Monroe Bank & Trust Mortgage Lending & HMDA Data, 2013
In 2013, Monroe Bank & Trust of Monroe, MI reported 690 mortgage applications totaling $84.4 million, up 37% from 2012. The average application was for $122,356, and applicants reported an average income of $52,930. 63% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Monroe, MI (498), Detroit-Livonia-Dearborn, MI (132) and Toledo, OH (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 | 690 |
| Total Mortgage Loan Application Amount | $84,426,000 |
| Average Mortgage Loan Application Amount | $122,356 |
| Highest Mortgage Loan Application Amount | $5,984,000 |
| Average Applicant Income | $52,930 |
| Highest Applicant Income | $637,000 |
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Act (HMDA) records Monroe Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Monroe, MI | 498 | $ 58,843,000 | $ 118,158 | $ 55,000 |
| Detroit-Livonia-Dearborn, MI | 132 | $ 14,805,000 | $ 112,159 | $ 39,000 |
| Toledo, OH | 16 | $ 1,394,000 | $ 87,125 | $ 36,000 |
| Ann Arbor, MI | 11 | $ 4,038,000 | $ 367,090 | $ 50,000 |
| Warren-Troy-Farmington Hills, MI | 6 | $ 432,000 | $ 72,000 | $ 18,000 |
| Jackson, MI | 4 | $ 671,000 | $ 167,750 | $ 206,000 |
| Lansing-East Lansing, MI | 2 | $ 101,000 | $ 50,500 | $ 13,000 |
| Las Vegas-Paradise, NV | 1 | $ 800,000 | $ 800,000 | $ 569,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 312,000 | $ 312,000 | $ 173,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 1 | $ 1,044,000 | $ 1,044,000 | $ 0 |
Mortgage Loan Application Detail Totals for Monroe Bank & Trust in 2013
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 | 362 | $57,768,000 | $159,000 | $5,984,000 | $51,000 | $385,000 |
| Home Purchase | 212 | $23,797,000 | $112,000 | $800,000 | $54,000 | $637,000 |
| Home Improvement | 116 | $2,861,000 | $24,000 | $320,000 | $57,000 | $354,000 |
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 | 495 | $46,266,000 | $93,000 | $1,241,000 | $62,000 | $637,000 |
| Not applicable | 121 | $30,135,000 | $249,000 | $5,984,000 | $0 | $0 |
| Not Provided | 54 | $6,684,000 | $123,000 | $400,000 | $87,000 | $385,000 |
| Hispanic | 12 | $607,000 | $50,000 | $117,000 | $49,000 | $116,000 |
| American Indian or Alaskan Native | 5 | $156,000 | $31,000 | $65,000 | $48,000 | $98,000 |
| Asian | 2 | $266,000 | $133,000 | $189,000 | $123,000 | $175,000 |
| Black or African American | 1 | $312,000 | $312,000 | $312,000 | $173,000 | $173,000 |
| 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) | 678 | $83,205,000 | $122,000 | $5,984,000 | $53,000 | $637,000 |
| FHA-insured (Federal Housing Administration) | 11 | $1,095,000 | $99,000 | $196,000 | $55,000 | $126,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $126,000 | $126,000 | $126,000 | $29,000 | $29,000 |
| 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 | 438 | $56,816,000 | $129,000 | $5,984,000 | $43,000 | $637,000 |
| Application Denied By Financial Institution | 153 | $14,326,000 | $93,000 | $417,000 | $63,000 | $236,000 |
| Application Approved But Not Accepted | 57 | $7,926,000 | $139,000 | $800,000 | $87,000 | $569,000 |
| File Closed For Incompleteness | 23 | $3,084,000 | $134,000 | $325,000 | $86,000 | $141,000 |
| Application Withdrawn By Applicant | 19 | $2,274,000 | $119,000 | $575,000 | $72,000 | $385,000 |
| 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 2013 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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