Northwest Bank & Trust Company Mortgage Lending & HMDA Data, 2005
In 2005, Northwest Bank & Trust Company of Davenport, IA reported 490 mortgage applications totaling $32.7 million, down 18% from 2004. The average application was for $66,746, and applicants reported an average income of $55,900. 57% of its applications resulted in an originated loan and 12% were denied. Its largest market was Davenport-Moline-Rock Island, IA-IL (276).
| 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 | 490 |
| Total Mortgage Loan Application Amount | $32,706,000 |
| Average Mortgage Loan Application Amount | $66,746 |
| Highest Mortgage Loan Application Amount | $600,000 |
| Average Applicant Income | $55,900 |
| Highest Applicant Income | $713,000 |
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records Northwest Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2005
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 | 199 | $16,490,000 | $84,000 | $600,000 | $52,000 | $713,000 |
| Home Improvement | 159 | $3,583,000 | $22,000 | $174,000 | $56,000 | $380,000 |
| Home Purchase | 132 | $12,633,000 | $96,333 | $360,000 | $56,666 | $420,000 |
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 | 413 | $26,446,000 | $60,333 | $600,000 | $56,000 | $713,000 |
| Not applicable | 23 | $2,362,000 | $93,500 | $190,000 | $0 | $28,000 |
| Not Provided | 18 | $1,337,000 | $71,666 | $360,000 | $63,666 | $420,000 |
| Black or African American | 18 | $916,000 | $50,500 | $240,000 | $52,500 | $107,000 |
| Hispanic | 9 | $397,000 | $69,333 | $146,000 | $68,666 | $120,000 |
| Asian | 9 | $1,248,000 | $253,000 | $400,000 | $94,500 | $151,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 490 | $32,706,000 | $62,333 | $600,000 | $54,333 | $713,000 |
| 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 | 281 | $17,343,000 | $58,666 | $600,000 | $54,666 | $230,000 |
| Application Approved But Not Accepted | 125 | $11,471,000 | $87,000 | $360,000 | $69,000 | $713,000 |
| Application Denied By Financial Institution | 59 | $2,833,000 | $41,666 | $256,000 | $43,000 | $139,000 |
| Application Withdrawn By Applicant | 23 | $915,000 | $42,333 | $118,000 | $45,333 | $120,000 |
| File Closed For Incompleteness | 1 | $69,000 | $69,000 | $69,000 | $46,000 | $46,000 |
| Preapproval Approved but not Accepted | 1 | $75,000 | $75,000 | $75,000 | $65,000 | $65,000 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 | 46 | $2,422,000 | $44,000 | $256,000 | $36,000 | $139,000 |
| Debt-To-Income Ratio | 5 | $159,000 | $41,000 | $80,000 | $67,000 | $80,000 |
| Collateral | 5 | $186,000 | $37,000 | $79,000 | $50,000 | $60,000 |
| Other | 2 | $58,000 | $29,000 | $53,000 | $47,000 | $75,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $8,000 | $8,000 | $8,000 | $19,000 | $19,000 |
| 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 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Northwest Bank & Trust Company's 2005 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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