Oxford Bank & Trust Mortgage Lending & HMDA Data, 2016
In 2016, Oxford Bank & Trust of Oak Brook, IL reported 1,891 mortgage applications totaling $79.6 million, up 48% from 2015. The average application was for $42,087, and applicants reported an average income of $45,689. 29% of its applications resulted in an originated loan and 56% were denied. Its largest markets were Warren-Troy-Farmington Hills, MI (414), Grand Rapids-Wyoming, MI (336) and Detroit-Dearborn-Livonia, MI (178) (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 | 1,891 |
| Total Mortgage Loan Application Amount | $79,587,000 |
| Average Mortgage Loan Application Amount | $42,087 |
| Highest Mortgage Loan Application Amount | $1,544,000 |
| Average Applicant Income | $45,689 |
| Highest Applicant Income | $208,000 |
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Act (HMDA) records Oxford Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2016
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 | 1,868 | $71,493,000 | $38,000 | $1,365,000 | $46,000 | $208,000 |
| Refinancing | 22 | $8,091,000 | $367,000 | $1,544,000 | $19,000 | $186,000 |
| Home Improvement | 1 | $3,000 | $3,000 | $3,000 | $52,000 | $52,000 |
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 | 1,545 | $53,331,000 | $34,000 | $660,000 | $47,000 | $186,000 |
| Hispanic | 155 | $4,981,000 | $32,000 | $589,000 | $42,000 | $118,000 |
| Black or African American | 117 | $4,101,000 | $35,000 | $83,000 | $47,000 | $128,000 |
| Not applicable | 33 | $15,721,000 | $476,000 | $1,544,000 | $0 | $0 |
| Asian | 24 | $841,000 | $35,000 | $82,000 | $49,000 | $208,000 |
| American Indian or Alaskan Native | 14 | $523,000 | $37,000 | $72,000 | $42,000 | $81,000 |
| Not Provided | 2 | $68,000 | $34,000 | $45,000 | $63,000 | $78,000 |
| Native Hawaiin or Other Pacific Islander | 1 | $21,000 | $21,000 | $21,000 | $26,000 | $26,000 |
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) | 1,891 | $79,587,000 | $42,000 | $1,544,000 | $46,000 | $208,000 |
| 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 | 1,058 | $33,559,000 | $31,000 | $315,000 | $41,000 | $171,000 |
| Loan Originated | 547 | $36,829,000 | $67,000 | $1,544,000 | $50,000 | $186,000 |
| Application Approved But Not Accepted | 283 | $9,078,000 | $32,000 | $100,000 | $53,000 | $159,000 |
| Application Withdrawn By Applicant | 3 | $121,000 | $40,000 | $53,000 | $108,000 | $208,000 |
| 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 | 656 | $20,496,000 | $31,000 | $315,000 | $44,000 | $171,000 |
| Debt-To-Income Ratio | 386 | $12,596,000 | $32,000 | $105,000 | $36,000 | $140,000 |
| Other | 10 | $296,000 | $29,000 | $62,000 | $68,000 | $116,000 |
| Employment History | 4 | $109,000 | $27,000 | $62,000 | $51,000 | $71,000 |
| Unverifiable Information | 2 | $62,000 | $31,000 | $48,000 | $82,000 | $96,000 |
| Collateral | 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 Oxford Bank & Trust's 2016 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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