Northwest Bank & Trust Company Mortgage Lending & HMDA Data, 2004
In 2004, Northwest Bank & Trust Company of Davenport, IA reported 596 mortgage applications totaling $34.1 million, up 33% from 2003. The average application was for $57,263, and applicants reported an average income of $48,827. 62% of its applications resulted in an originated loan and 15% were denied. Its largest market was Davenport-Moline-Rock Island, IA-IL (311).
| Mortgage Company & Address | Northwest Bank & Trust Company 100 E Kimberly Rd Davenport, IA 52806 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 | 596 |
| Total Mortgage Loan Application Amount | $34,129,000 |
| Average Mortgage Loan Application Amount | $57,263 |
| Highest Mortgage Loan Application Amount | $600,000 |
| Average Applicant Income | $48,827 |
| Highest Applicant Income | $250,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Northwest Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Northwest Bank & Trust Company in 2004
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 | 276 | $20,019,000 | $70,333 | $600,000 | $56,000 | $209,000 |
| Home Improvement | 211 | $4,273,000 | $19,666 | $136,000 | $39,333 | $250,000 |
| Home Purchase | 109 | $9,837,000 | $93,666 | $392,000 | $52,333 | $184,000 |
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 | 518 | $28,242,000 | $52,333 | $600,000 | $51,666 | $250,000 |
| Not applicable | 24 | $2,548,000 | $80,000 | $392,000 | $2,666 | $44,000 |
| Hispanic | 23 | $1,169,000 | $42,666 | $176,000 | $52,666 | $115,000 |
| Not Provided | 12 | $1,160,000 | $102,000 | $236,000 | $48,666 | $80,000 |
| Black or African American | 12 | $566,000 | $38,000 | $236,000 | $43,500 | $112,000 |
| Asian | 6 | $433,000 | $87,500 | $200,000 | $58,500 | $150,000 |
| American Indian or Alaskan Native | 1 | $11,000 | $11,000 | $11,000 | $82,000 | $82,000 |
| 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) | 596 | $34,129,000 | $54,333 | $600,000 | $49,000 | $250,000 |
| 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 | 372 | $21,043,000 | $53,666 | $600,000 | $57,666 | $250,000 |
| Application Approved But Not Accepted | 100 | $5,995,000 | $59,333 | $248,000 | $51,000 | $184,000 |
| Application Denied By Financial Institution | 87 | $4,330,000 | $45,333 | $392,000 | $37,000 | $120,000 |
| Application Withdrawn By Applicant | 36 | $2,680,000 | $68,333 | $245,000 | $51,666 | $176,000 |
| File Closed For Incompleteness | 1 | $81,000 | $81,000 | $81,000 | $49,000 | $49,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 65 | $3,266,000 | $43,333 | $392,000 | $35,666 | $120,000 |
| Debt-To-Income Ratio | 12 | $505,000 | $41,000 | $158,000 | $28,333 | $50,000 |
| Collateral | 5 | $384,000 | $51,333 | $135,000 | $67,000 | $118,000 |
| Other | 3 | $38,000 | $13,500 | $20,000 | $23,000 | $29,000 |
| Employment History | 2 | $137,000 | $68,000 | $117,000 | $60,000 | $70,000 |
| 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 Northwest Bank & Trust Company's 2004 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 Northwest Bank & Trust Company'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.
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