Northern Trust, NA Mortgage Lending & HMDA Data, 2008
In 2008, Northern Trust, NA of Miami, FL reported 1,931 mortgage applications totaling $1.2 billion, up 21% from 2007. The average application was for $612,064, and applicants reported an average income of $432,161. 65% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (317), Miami-Miami Beach-Kendall, FL (190) and Houston-Sugar Land-Baytown, TX (159) (applications in parentheses).
| Mortgage Company & Address | Northern Trust, NA 700 Brickell Ave Miami, FL 33131 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,931 |
| Total Mortgage Loan Application Amount | $1,181,896,000 |
| Average Mortgage Loan Application Amount | $612,064 |
| Highest Mortgage Loan Application Amount | $18,000,000 |
| Average Applicant Income | $432,161 |
| Highest Applicant Income | $9,999,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Northern Trust, NA filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Northern Trust, NA 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 | 1,349 | $721,303,000 | $534,000 | $18,000,000 | $409,000 | $9,999,000 |
| Refinancing | 510 | $397,602,000 | $779,000 | $13,600,000 | $495,000 | $7,448,000 |
| Home Improvement | 72 | $62,991,000 | $874,000 | $8,000,000 | $421,000 | $4,748,000 |
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 | 939 | $834,077,000 | $888,000 | $18,000,000 | $744,000 | $9,999,000 |
| Not applicable | 523 | $167,874,000 | $320,000 | $8,000,000 | $39,000 | $1,000,000 |
| Hispanic | 198 | $61,105,000 | $308,000 | $4,650,000 | $226,000 | $7,506,000 |
| Black or African American | 188 | $38,869,000 | $206,000 | $3,500,000 | $124,000 | $3,200,000 |
| Not Provided | 47 | $55,909,000 | $1,189,000 | $6,300,000 | $734,000 | $3,566,000 |
| Asian | 34 | $23,838,000 | $701,000 | $3,080,000 | $399,000 | $2,169,000 |
| American Indian or Alaskan Native | 1 | $125,000 | $125,000 | $125,000 | $36,000 | $36,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $99,000 | $99,000 | $99,000 | $38,000 | $38,000 |
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) | 1,931 | $1,181,896,000 | $612,000 | $18,000,000 | $432,000 | $9,999,000 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 1,255 | $943,822,000 | $752,000 | $18,000,000 | $571,000 | $9,999,000 |
| Loan Purchased By The Institution | 416 | $59,270,000 | $142,000 | $646,000 | $46,000 | $270,000 |
| Application Approved But Not Accepted | 91 | $55,081,000 | $605,000 | $3,500,000 | $575,000 | $9,999,000 |
| Application Denied By Financial Institution | 82 | $56,156,000 | $684,000 | $13,600,000 | $202,000 | $2,919,000 |
| Application Withdrawn By Applicant | 82 | $66,303,000 | $808,000 | $5,460,000 | $339,000 | $2,214,000 |
| File Closed For Incompleteness | 5 | $1,264,000 | $252,000 | $375,000 | $449,000 | $1,140,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 43 | $44,049,000 | $1,024,000 | $13,600,000 | $291,000 | $2,919,000 |
| Credit History | 18 | $3,347,000 | $185,000 | $440,000 | $54,000 | $74,000 |
| Collateral | 15 | $5,698,000 | $379,000 | $1,715,000 | $178,000 | $1,419,000 |
| Other | 4 | $2,057,000 | $514,000 | $1,610,000 | $100,000 | $240,000 |
| Unverifiable Information | 1 | $900,000 | $900,000 | $900,000 | $0 | $0 |
| Employment History | 1 | $105,000 | $105,000 | $105,000 | $30,000 | $30,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Northern Trust, NA's 2008 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 Northern Trust, NA'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 Florida, 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