Oxford Bank & Trust Mortgage Lending & HMDA Data, 2021
In 2021, Oxford Bank & Trust of Oak Brook, IL reported 2,170 mortgage applications totaling $144.4 million, down 16% from 2020. The average application was for $66,534, and applicants reported an average income of $54,973. 20% of its applications resulted in an originated loan and 69% were denied. Its largest markets were Warren-Troy-Farmington Hills, MI (478), Detroit-Dearborn-Livonia, MI (222) and Indianapolis-Carmel-Anderson, IN (149) (applications in parentheses).
| Mortgage Company & Address | Oxford Bank & Trust 1111 W. 22nd Street #800 Oak Brook, IL 60523 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 2,170 |
| Total Mortgage Loan Application Amount | $144,380,000 |
| Average Mortgage Loan Application Amount | $66,534 |
| Highest Mortgage Loan Application Amount | $3,205,000 |
| Average Applicant Income | $54,973 |
| Highest Applicant Income | $269,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Oxford Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Oxford Bank & Trust in 2021
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 | 2,141 | $135,555,000 | $63,000 | $3,205,000 | $54,000 | $269,000 |
| Refinancing | 16 | $4,030,000 | $251,000 | $855,000 | $56,000 | $78,000 |
| Cash-out Refinancing | 13 | $4,795,000 | $368,000 | $805,000 | $214,000 | $214,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 1,761 | $89,565,000 | $50,000 | $965,000 | $54,000 | $269,000 |
| Black or African American | 199 | $11,795,000 | $59,000 | $195,000 | $53,000 | $182,000 |
| Hispanic | 127 | $6,555,000 | $51,000 | $735,000 | $48,000 | $152,000 |
| Not applicable | 50 | $33,720,000 | $674,000 | $3,205,000 | $0 | $0 |
| American Indian or Alaskan Native | 17 | $1,105,000 | $65,000 | $145,000 | $60,000 | $164,000 |
| Asian | 6 | $730,000 | $121,000 | $425,000 | $104,000 | $214,000 |
| Not Provided | 5 | $655,000 | $131,000 | $405,000 | $60,000 | $80,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $110,000 | $55,000 | $55,000 | $43,000 | $45,000 |
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) | 2,170 | $144,380,000 | $66,000 | $3,205,000 | $54,000 | $269,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 1,504 | $79,800,000 | $53,000 | $1,975,000 | $51,000 | $269,000 |
| Loan Originated | 434 | $52,090,000 | $120,000 | $3,205,000 | $61,000 | $218,000 |
| Application Approved But Not Accepted | 217 | $11,915,000 | $54,000 | $185,000 | $59,000 | $203,000 |
| Application Withdrawn By Applicant | 10 | $460,000 | $46,000 | $65,000 | $65,000 | $117,000 |
| File Closed For Incompleteness | 5 | $115,000 | $23,000 | $35,000 | $37,000 | $59,000 |
| 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 | 746 | $36,710,000 | $49,000 | $425,000 | $58,000 | $269,000 |
| Not applicable | 666 | $64,580,000 | $96,000 | $3,205,000 | $60,000 | $218,000 |
| Debt-To-Income Ratio | 531 | $28,745,000 | $54,000 | $185,000 | $42,000 | $164,000 |
| Employment History | 158 | $7,280,000 | $46,000 | $145,000 | $47,000 | $114,000 |
| Other | 33 | $4,145,000 | $125,000 | $1,975,000 | $66,000 | $164,000 |
| Unverifiable Information | 23 | $1,265,000 | $55,000 | $155,000 | $48,000 | $182,000 |
| Credit Application Incomplete | 10 | $530,000 | $53,000 | $105,000 | $44,000 | $96,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $1,125,000 | $375,000 | $465,000 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Oxford Bank & Trust's 2021 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 Oxford Bank & Trust'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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