Northwest Bank & Trust Company Mortgage Lending & HMDA Data, 2010
In 2010, Northwest Bank & Trust Company of Davenport, IA reported 440 mortgage applications totaling $35.4 million, down 23% from 2009. The average application was for $80,404, and applicants reported an average income of $67,515. 65% of its applications resulted in an originated loan and 25% were denied. Its largest market was Davenport-Moline-Rock Island, IA-IL (385).
| 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 | 440 |
| Total Mortgage Loan Application Amount | $35,378,000 |
| Average Mortgage Loan Application Amount | $80,404 |
| Highest Mortgage Loan Application Amount | $956,000 |
| Average Applicant Income | $67,515 |
| Highest Applicant Income | $970,000 |
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records Northwest Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2010
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 | 259 | $25,652,000 | $99,000 | $491,000 | $70,000 | $317,000 |
| Home Improvement | 111 | $1,522,000 | $13,000 | $130,000 | $57,000 | $334,000 |
| Home Purchase | 70 | $8,204,000 | $117,000 | $956,000 | $75,000 | $970,000 |
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 | 306 | $26,712,000 | $87,000 | $417,000 | $70,000 | $266,000 |
| Not Provided | 92 | $3,418,000 | $37,000 | $360,000 | $74,000 | $970,000 |
| Not applicable | 19 | $3,344,000 | $176,000 | $956,000 | $3,000 | $64,000 |
| Black or African American | 11 | $785,000 | $71,000 | $175,000 | $86,000 | $140,000 |
| Hispanic | 6 | $652,000 | $108,000 | $235,000 | $57,000 | $137,000 |
| Asian | 6 | $467,000 | $77,000 | $148,000 | $52,000 | $101,000 |
| 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) | 440 | $35,378,000 | $80,000 | $956,000 | $68,000 | $970,000 |
| 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 | 287 | $24,628,000 | $85,000 | $450,000 | $68,000 | $266,000 |
| Application Denied By Financial Institution | 108 | $4,937,000 | $45,000 | $360,000 | $64,000 | $970,000 |
| Application Withdrawn By Applicant | 36 | $3,483,000 | $96,000 | $269,000 | $77,000 | $317,000 |
| Application Approved But Not Accepted | 9 | $2,330,000 | $258,000 | $956,000 | $61,000 | $131,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 52 | $2,222,000 | $42,000 | $360,000 | $54,000 | $570,000 |
| Debt-To-Income Ratio | 26 | $1,373,000 | $52,000 | $259,000 | $92,000 | $970,000 |
| Collateral | 25 | $1,102,000 | $44,000 | $250,000 | $54,000 | $137,000 |
| Employment History | 3 | $98,000 | $32,000 | $86,000 | $56,000 | $76,000 |
| Other | 2 | $142,000 | $71,000 | $76,000 | $73,000 | $89,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Northwest Bank & Trust Company's 2010 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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