Oxford Bank & Trust Mortgage Lending & HMDA Data, 2008
In 2008, Oxford Bank & Trust of Oak Brook, IL reported 665 mortgage applications totaling $146.7 million, down 12% from 2007. The average application was for $220,565, and applicants reported an average income of $37,332. 52% of its applications resulted in an originated loan and 32% were denied. Its largest markets were Chicago-Naperville-Joliet, IL (220), Warren-Troy-Farmington Hills, MI (65) and Lake County-Kenosha County, IL-WI (47) (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 | 665 |
| Total Mortgage Loan Application Amount | $146,676,000 |
| Average Mortgage Loan Application Amount | $220,565 |
| Highest Mortgage Loan Application Amount | $9,000,000 |
| Average Applicant Income | $37,332 |
| Highest Applicant Income | $373,000 |
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Act (HMDA) records Oxford Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2008
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 | 492 | $24,591,000 | $49,000 | $1,600,000 | $39,000 | $167,000 |
| Refinancing | 158 | $121,584,000 | $769,000 | $9,000,000 | $26,000 | $373,000 |
| Home Improvement | 15 | $501,000 | $33,000 | $100,000 | $102,000 | $321,000 |
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 | 460 | $37,433,000 | $81,000 | $3,000,000 | $43,000 | $373,000 |
| Hispanic | 97 | $7,671,000 | $79,000 | $1,700,000 | $39,000 | $117,000 |
| Not applicable | 72 | $95,164,000 | $1,321,000 | $9,000,000 | $0 | $0 |
| Black or African American | 18 | $615,000 | $34,000 | $109,000 | $37,000 | $67,000 |
| Asian | 12 | $1,281,000 | $106,000 | $500,000 | $45,000 | $114,000 |
| American Indian or Alaskan Native | 3 | $48,000 | $16,000 | $28,000 | $28,000 | $31,000 |
| Not Provided | 3 | $4,464,000 | $1,488,000 | $4,100,000 | $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) | 665 | $146,676,000 | $220,000 | $9,000,000 | $37,000 | $373,000 |
| 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 | 344 | $111,059,000 | $322,000 | $9,000,000 | $38,000 | $373,000 |
| Application Denied By Financial Institution | 216 | $7,533,000 | $34,000 | $420,000 | $36,000 | $111,000 |
| Application Approved But Not Accepted | 87 | $4,962,000 | $57,000 | $2,000,000 | $45,000 | $94,000 |
| Application Withdrawn By Applicant | 18 | $23,122,000 | $1,284,000 | $4,200,000 | $2,000 | $48,000 |
| 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 | 171 | $5,464,000 | $31,000 | $109,000 | $36,000 | $100,000 |
| Debt-To-Income Ratio | 40 | $1,837,000 | $45,000 | $420,000 | $33,000 | $111,000 |
| Other | 3 | $84,000 | $28,000 | $37,000 | $26,000 | $41,000 |
| Collateral | 1 | $96,000 | $96,000 | $96,000 | $53,000 | $53,000 |
| Employment History | 1 | $52,000 | $52,000 | $52,000 | $40,000 | $40,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Oxford Bank & Trust's 2008 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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