Pan American Bank & Trust Mortgage Lending & HMDA Data, 2015
In 2015, Pan American Bank & Trust of Melrose Park, IL reported 110 mortgage applications totaling $33.0 million, up 33% from 2014. The average application was for $299,863, and applicants reported an average income of $108,272. 92% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Chicago-Naperville-Arlington Heights, IL (104), Lake County-Kenosha County, IL-WI (5) and Niles-Benton Harbor, MI (1) (applications in parentheses).
| Mortgage Company & Address | Pan American Bank & Trust 1440 W North Ave Melrose Park, IL 60160 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 |
| Total Number of Mortgage Applications | 110 |
| Total Mortgage Loan Application Amount | $32,985,000 |
| Average Mortgage Loan Application Amount | $299,863 |
| Highest Mortgage Loan Application Amount | $4,150,000 |
| Average Applicant Income | $108,272 |
| Highest Applicant Income | $878,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Pan American Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Pan American Bank & Trust in 2015
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 | 62 | $14,984,000 | $241,000 | $4,150,000 | $43,000 | $647,000 |
| Refinancing | 38 | $14,676,000 | $386,000 | $736,000 | $228,000 | $878,000 |
| Home Improvement | 10 | $3,325,000 | $332,000 | $1,614,000 | $58,000 | $366,000 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 62 | $17,468,000 | $281,000 | $4,150,000 | $0 | $0 |
| White | 22 | $6,213,000 | $282,000 | $705,000 | $146,000 | $647,000 |
| Not Provided | 8 | $2,768,000 | $346,000 | $580,000 | $224,000 | $538,000 |
| Hispanic | 8 | $2,655,000 | $331,000 | $736,000 | $159,000 | $324,000 |
| Asian | 6 | $3,282,000 | $547,000 | $547,000 | $878,000 | $878,000 |
| Black or African American | 4 | $599,000 | $149,000 | $330,000 | $108,000 | $209,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 110 | $32,985,000 | $299,000 | $4,150,000 | $108,000 | $878,000 |
| 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 | 101 | $27,440,000 | $271,000 | $4,150,000 | $115,000 | $878,000 |
| Application Denied By Financial Institution | 4 | $1,773,000 | $443,000 | $600,000 | $37,000 | $78,000 |
| Application Approved But Not Accepted | 3 | $1,183,000 | $394,000 | $500,000 | $50,000 | $150,000 |
| Application Withdrawn By Applicant | 2 | $2,589,000 | $1,294,000 | $1,614,000 | $0 | $0 |
| 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 | 2 | $765,000 | $382,000 | $600,000 | $39,000 | $78,000 |
| Collateral | 1 | $570,000 | $570,000 | $570,000 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Pan American Bank & Trust's 2015 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 Pan American 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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