Morgan Stanley Credit Corp
Mortgage Loan Application
Totals and Details
for 2008

Find mortgage loan statistics, lending data, and loan application totals for Illinois.
The mortgage statistics and data below are specific to mortgage loan applications for Morgan Stanley Credit Corp.
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and explore the loan application details and stats broken down by several loan categories from 2003-2020.

Mortgage Company & Address Morgan Stanley Credit Corp
75 N. Fairway Drive
Vernon Hills, IL 60061
Tel #: available with data download
Federal Regulator * available with data download
Years 2008  2007  2006  2005  2004  
Total Number of Mortgage Applications 2,081
Total Mortgage Loan Application Amount $672,544,000
Average Mortgage Loan Application Amount $282,333
Highest Mortgage Loan Application Amount $3,000,000
Average Applicant Income $149,666
Highest Applicant Income $4,630,000

Overall mortgage application loan totals and averages for this lender are provided for each year by county, metro area, and the entire US.
The loan data is broken down by loan purpose, loan type, applicant race, application outcome, and denial reason. With this information, you can get a detailed view of locations where the mortgage lender is actively processing applications as well as the types and outcomes of loans from these applications.
As you search for mortgage loan stats and lending data in IL, the totals and averages will help you understand where the lender does business as well as the volume of business they do.

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The mortgage data stats below are displayed in sortable categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.
Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, the highest mortgage loan applied for within that category, the average income of the mortgage applicants, and the highest income of the mortgage applicants.
You can also download the entire list of mortgage lenders along with their aggregated lending data for the state of Illinois, and search the same numbers and information back through 2003.

Mortgage Loan Application Detail Totals for Morgan Stanley Credit Corp in 2008

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 1,280 $466,795,000 $364,000 $3,000,000 $190,000 $4,630,000
Refinancing 771 $198,983,000 $258,000 $2,000,000 $139,000 $1,518,000
Home Improvement 30 $6,766,000 $225,000 $417,000 $120,000 $480,000

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 1,299 $398,426,000 $306,000 $2,000,000 $164,000 $3,800,000
Not Provided 613 $215,627,000 $351,000 $3,000,000 $186,000 $4,630,000
Asian 68 $26,504,000 $389,000 $1,800,000 $181,000 $1,250,000
Hispanic 48 $15,099,000 $314,000 $1,920,000 $124,000 $540,000
Black or African American 41 $13,033,000 $317,000 $1,000,000 $143,000 $500,000
American Indian or Alaskan Native 10 $3,170,000 $317,000 $1,325,000 $258,000 $1,160,000
Native Hawaiian or Other Pacific Islander 2 $685,000 $342,000 $525,000 $98,000 $138,000
Not applicable 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) 2,081 $672,544,000 $323,000 $3,000,000 $170,000 $4,630,000
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
Preapproval Approved but not Accepted 760 $285,173,000 $375,000 $2,000,000 $191,000 $3,800,000
Loan Originated 469 $125,229,000 $267,000 $1,920,000 $155,000 $1,518,000
Application Withdrawn By Applicant 342 $121,388,000 $354,000 $3,000,000 $197,000 $4,630,000
Application Denied By Financial Institution 268 $66,521,000 $248,000 $2,000,000 $114,000 $3,440,000
Application Approved But Not Accepted 151 $51,370,000 $340,000 $2,000,000 $198,000 $1,518,000
Preapproval Denied by Financial Institution 91 $22,863,000 $251,000 $1,100,000 $94,000 $710,000
Loan Purchased By The 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
Debt-To-Income Ratio 125 $31,013,000 $248,000 $1,160,000 $64,000 $405,000
Credit History 114 $25,296,000 $221,000 $1,100,000 $86,000 $450,000
Collateral 53 $15,674,000 $295,000 $1,600,000 $260,000 $3,440,000
Other 36 $10,246,000 $284,000 $2,000,000 $87,000 $357,000
Credit Application Incomplete 9 $2,213,000 $245,000 $664,000 $178,000 $626,000
Employment History 8 $1,344,000 $168,000 $268,000 $48,000 $60,000
Insufficient Cash (Downpayment, Closing Cost) 8 $991,000 $123,000 $213,000 $61,000 $117,000
Unverifiable Information 6 $2,607,000 $434,000 $1,500,000 $329,000 $1,600,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

These totals and details for mortgage applications will give you a better idea of what to expect when researching mortgage lenders. Whether you are looking for a home loan, for home refinancing, or for home improvement loan statistics, we have the information you need. This mortgage loan data gives you everything you need to know as you start your search for the best lenders in IL, and gives you an idea of what the best mortgage lenders really are.

If you prefer, you can download a copy of the entire list of mortgage lenders in Illinois, and search similar information at your convenience.

Download the Illinois Lender List