Monroe Bank & Trust Mortgage Lending & HMDA Data, 2018
In 2018, Monroe Bank & Trust of Monroe, MI reported 1,042 mortgage applications totaling $120.9 million, up 82% from 2017. The average application was for $116,055, and applicants reported an average income of $98,442. 74% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Monroe, MI (641), Detroit-Dearborn-Livonia, MI (257) and Toledo, OH (59) (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 | 1,042 |
| Total Mortgage Loan Application Amount | $120,930,000 |
| Average Mortgage Loan Application Amount | $116,055 |
| Highest Mortgage Loan Application Amount | $5,095,000 |
| Average Applicant Income | $98,442 |
| Highest Applicant Income | $880,000 |
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Act (HMDA) records Monroe Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 641 | $ 70,165,000 | $ 109,461 | $ 94,000 |
| Detroit-Dearborn-Livonia, MI | 257 | $ 32,775,000 | $ 127,529 | $ 106,000 |
| Toledo, OH | 59 | $ 5,215,000 | $ 88,389 | $ 53,000 |
| Warren-Troy-Farmington Hills, MI | 35 | $ 4,315,000 | $ 123,285 | $ 138,000 |
| Outside any metro area | 26 | $ 3,100,000 | $ 119,230 | $ 132,000 |
| Ann Arbor, MI | 17 | $ 2,855,000 | $ 167,941 | $ 133,000 |
| Salt Lake City, UT | 2 | $ 1,600,000 | $ 800,000 | $ 0 |
| Cape Coral-Fort Myers, FL | 1 | $ 435,000 | $ 435,000 | $ 225,000 |
| Grand Rapids-Wyoming, MI | 1 | $ 25,000 | $ 25,000 | $ 47,000 |
| Madison, WI | 1 | $ 265,000 | $ 265,000 | $ 386,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 135,000 | $ 135,000 | $ 175,000 |
Mortgage Loan Application Detail Totals for Monroe Bank & Trust in 2018
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 | 321 | $38,025,000 | $118,000 | $5,095,000 | $94,000 | $880,000 |
| Home Purchase | 313 | $53,295,000 | $170,000 | $725,000 | $109,000 | $803,000 |
| Home Improvement | 191 | $10,915,000 | $57,000 | $1,705,000 | $85,000 | $364,000 |
| Other Purpose | 165 | $11,695,000 | $70,000 | $405,000 | $103,000 | $386,000 |
| Cash-out Refinancing | 50 | $6,780,000 | $135,000 | $455,000 | $99,000 | $809,000 |
| Not Applicable | 2 | $220,000 | $110,000 | $185,000 | $53,000 | $53,000 |
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 | 852 | $86,840,000 | $101,000 | $995,000 | $98,000 | $880,000 |
| Not applicable | 142 | $29,130,000 | $205,000 | $5,095,000 | $0 | $0 |
| Hispanic | 14 | $1,790,000 | $127,000 | $365,000 | $113,000 | $246,000 |
| Not Provided | 13 | $1,545,000 | $118,000 | $385,000 | $101,000 | $210,000 |
| Asian | 9 | $635,000 | $70,000 | $165,000 | $126,000 | $268,000 |
| Black or African American | 8 | $330,000 | $41,000 | $75,000 | $72,000 | $129,000 |
| American Indian or Alaskan Native | 2 | $590,000 | $295,000 | $355,000 | $91,000 | $130,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $15,000 | $15,000 | $15,000 | $101,000 | $101,000 |
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) | 1,039 | $120,565,000 | $116,000 | $5,095,000 | $99,000 | $880,000 |
| FHA-insured (Federal Housing Administration) | 2 | $180,000 | $90,000 | $115,000 | $46,000 | $51,000 |
| VA-guaranteed (Veterans Administration) | 1 | $185,000 | $185,000 | $185,000 | $97,000 | $97,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 773 | $95,275,000 | $123,000 | $5,095,000 | $107,000 | $880,000 |
| Application Denied By Financial Institution | 136 | $9,890,000 | $72,000 | $505,000 | $70,000 | $279,000 |
| Application Approved But Not Accepted | 115 | $13,545,000 | $117,000 | $535,000 | $93,000 | $364,000 |
| Application Withdrawn By Applicant | 16 | $1,830,000 | $114,000 | $425,000 | $58,000 | $146,000 |
| Loan Purchased By The Institution | 2 | $390,000 | $195,000 | $205,000 | $62,000 | $62,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Not applicable | 906 | $111,040,000 | $122,000 | $5,095,000 | $104,000 | $880,000 |
| Credit History | 55 | $3,085,000 | $56,000 | $205,000 | $71,000 | $231,000 |
| Debt-To-Income Ratio | 53 | $5,235,000 | $98,000 | $505,000 | $59,000 | $162,000 |
| Collateral | 23 | $1,225,000 | $53,000 | $175,000 | $91,000 | $279,000 |
| Other | 3 | $255,000 | $85,000 | $125,000 | $69,000 | $83,000 |
| Employment History | 2 | $90,000 | $45,000 | $65,000 | $43,000 | $52,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Monroe Bank & Trust's 2018 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