Northwest Bank & Trust Company Mortgage Lending & HMDA Data, 2011
In 2011, Northwest Bank & Trust Company of Davenport, IA reported 345 mortgage applications totaling $35.3 million. The average application was for $102,310, and applicants reported an average income of $75,292. 70% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Davenport-Moline-Rock Island, IA-IL (307) and Chicago-Joliet-Naperville, IL (1).
| 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 | 2012 2011 |
| Total Number of Mortgage Applications | 345 |
| Total Mortgage Loan Application Amount | $35,297,000 |
| Average Mortgage Loan Application Amount | $102,310 |
| Highest Mortgage Loan Application Amount | $1,683,000 |
| Average Applicant Income | $75,292 |
| Highest Applicant Income | $730,000 |
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records Northwest Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2011
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 | 254 | $28,964,000 | $114,000 | $1,683,000 | $74,000 | $730,000 |
| Home Improvement | 47 | $1,179,000 | $25,000 | $180,000 | $76,000 | $352,000 |
| Home Purchase | 44 | $5,154,000 | $117,000 | $340,000 | $82,000 | $352,000 |
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 | 262 | $26,524,000 | $101,000 | $417,000 | $86,000 | $730,000 |
| Not Provided | 52 | $2,927,000 | $56,000 | $180,000 | $51,000 | $154,000 |
| Not applicable | 15 | $4,372,000 | $291,000 | $1,683,000 | $0 | $0 |
| Hispanic | 8 | $508,000 | $63,000 | $213,000 | $45,000 | $136,000 |
| Asian | 5 | $699,000 | $139,000 | $360,000 | $56,000 | $81,000 |
| Black or African American | 2 | $116,000 | $58,000 | $71,000 | $85,000 | $126,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $151,000 | $151,000 | $151,000 | $17,000 | $17,000 |
| American Indian or Alaskan Native | 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) | 345 | $35,297,000 | $102,000 | $1,683,000 | $75,000 | $730,000 |
| 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 | 243 | $26,937,000 | $110,000 | $1,683,000 | $82,000 | $730,000 |
| Application Denied By Financial Institution | 67 | $4,345,000 | $64,000 | $260,000 | $50,000 | $125,000 |
| Application Withdrawn By Applicant | 30 | $3,426,000 | $114,000 | $360,000 | $76,000 | $230,000 |
| Application Approved But Not Accepted | 3 | $158,000 | $52,000 | $86,000 | $72,000 | $113,000 |
| File Closed For Incompleteness | 2 | $431,000 | $215,000 | $265,000 | $84,000 | $136,000 |
| 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 | 35 | $2,090,000 | $59,000 | $260,000 | $52,000 | $125,000 |
| Debt-To-Income Ratio | 20 | $1,599,000 | $79,000 | $256,000 | $35,000 | $79,000 |
| Collateral | 11 | $636,000 | $57,000 | $180,000 | $67,000 | $121,000 |
| Other | 1 | $20,000 | $20,000 | $20,000 | $93,000 | $93,000 |
| 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 |
| 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 2011 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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