Park National Bank Mortgage Lending & HMDA Data, 2008
In 2008, Park National Bank of Chicago, IL reported 1,801 mortgage applications totaling $583.5 million, down 4% from 2007. The average application was for $323,997, and applicants reported an average income of $66,108. 42% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Chicago-Naperville-Joliet, IL (1,140), New York-White Plains-Wayne, NY-NJ (76) and Los Angeles-Long Beach-Glendale, CA (55) (applications in parentheses).
| Mortgage Company & Address | Park National Bank 801 N Clark Chicago, IL 60610 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 |
| Total Number of Mortgage Applications | 1,801 |
| Total Mortgage Loan Application Amount | $583,519,000 |
| Average Mortgage Loan Application Amount | $323,997 |
| Highest Mortgage Loan Application Amount | $65,801,000 |
| Average Applicant Income | $66,108 |
| Highest Applicant Income | $4,643,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Park National Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Chicago-Naperville-Joliet, IL | 1,140 | $ 231,262,000 | $ 202,861 | $ 84,000 |
| New York-White Plains-Wayne, NY-NJ | 76 | $ 37,426,000 | $ 492,447 | $ 921 |
| Los Angeles-Long Beach-Glendale, CA | 55 | $ 28,009,000 | $ 509,254 | $ 0 |
| Gary, IN | 48 | $ 5,965,000 | $ 124,270 | $ 44,000 |
| Providence-New Bedford-Fall River, RI-MA | 30 | $ 10,005,000 | $ 333,500 | $ 0 |
| San Diego-Carlsbad-San Marcos, CA | 13 | $ 6,402,000 | $ 492,461 | $ 0 |
| Lake County-Kenosha County, IL-WI | 12 | $ 4,304,000 | $ 358,666 | $ 63,000 |
| Oakland-Fremont-Hayward, CA | 11 | $ 7,046,000 | $ 640,545 | $ 0 |
| Hartford-West Hartford-East Hartford, CT | 10 | $ 4,314,000 | $ 431,400 | $ 0 |
| Houston-Sugar Land-Baytown, TX | 8 | $ 68,512,000 | $ 8,564,000 | $ 0 |
| Peabody, MA | 7 | $ 2,032,000 | $ 290,285 | $ 0 |
| Philadelphia, PA | 7 | $ 1,457,000 | $ 208,142 | $ 0 |
| Las Vegas-Paradise, NV | 6 | $ 3,868,000 | $ 644,666 | $ 207,000 |
| Miami-Miami Beach-Kendall, FL | 6 | $ 2,872,000 | $ 478,666 | $ 0 |
| Albany-Schenectady-Troy, NY | 5 | $ 696,000 | $ 139,200 | $ 0 |
| Fresno, CA | 5 | $ 1,959,000 | $ 391,800 | $ 0 |
| New Haven-Milford, CT | 5 | $ 1,407,000 | $ 281,400 | $ 0 |
| Newark-Union, NJ-PA | 5 | $ 2,485,000 | $ 497,000 | $ 0 |
| Portland-South Portland-Biddeford, ME | 5 | $ 3,793,000 | $ 758,600 | $ 0 |
| Portland-Vancouver-Beaverton, OR-WA | 5 | $ 3,092,000 | $ 618,400 | $ 0 |
| Worcester, MA | 5 | $ 1,473,000 | $ 294,600 | $ 0 |
| Baltimore-Towson, MD | 4 | $ 909,000 | $ 227,250 | $ 0 |
| Boston-Quincy, MA | 4 | $ 1,150,000 | $ 287,500 | $ 0 |
| Charlotte-Gastonia-Concord, NC-SC | 4 | $ 2,061,000 | $ 515,250 | $ 0 |
| Cleveland-Elyria-Mentor, OH | 4 | $ 1,986,000 | $ 496,500 | $ 0 |
| McAllen-Edinburg-Mission, TX | 4 | $ 3,275,000 | $ 818,750 | $ 0 |
| Orlando-Kissimmee, FL | 4 | $ 2,213,000 | $ 553,250 | $ 75,000 |
| Rockford, IL | 4 | $ 3,156,000 | $ 789,000 | $ 59,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 4 | $ 1,919,000 | $ 479,750 | $ 0 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 4 | $ 2,088,000 | $ 522,000 | $ 0 |
| Binghamton, NY | 3 | $ 309,000 | $ 103,000 | $ 0 |
| Bridgeport-Stamford-Norwalk, CT | 3 | $ 1,719,000 | $ 573,000 | $ 0 |
| Buffalo-Niagara Falls, NY | 3 | $ 351,000 | $ 117,000 | $ 0 |
| Cincinnati-Middletown, OH-KY-IN | 3 | $ 1,153,000 | $ 384,333 | $ 0 |
| Dallas-Plano-Irving, TX | 3 | $ 1,631,000 | $ 543,666 | $ 0 |
| Danville, IL | 3 | $ 275,000 | $ 91,666 | $ 104,000 |
| Denver-Aurora, CO | 3 | $ 881,000 | $ 293,666 | $ 1,547,000 |
| Kankakee-Bradley, IL | 3 | $ 340,000 | $ 113,333 | $ 69,000 |
| Lakeland-Winter Haven, FL | 3 | $ 1,075,000 | $ 358,333 | $ 0 |
| Manchester-Nashua, NH | 3 | $ 1,386,000 | $ 462,000 | $ 0 |
| Reading, PA | 3 | $ 461,000 | $ 153,666 | $ 0 |
| Riverside-San Bernardino-Ontario, CA | 3 | $ 945,000 | $ 315,000 | $ 0 |
| San Francisco-San Mateo-Redwood City, CA | 3 | $ 1,837,000 | $ 612,333 | $ 0 |
| Scranton--Wilkes-Barre, PA | 3 | $ 451,000 | $ 150,333 | $ 0 |
| Seattle-Bellevue-Everett, WA | 3 | $ 3,527,000 | $ 1,175,666 | $ 0 |
| Syracuse, NY | 3 | $ 3,769,000 | $ 1,256,333 | $ 0 |
| Atlanta-Sandy Springs-Marietta, GA | 2 | $ 916,000 | $ 458,000 | $ 0 |
| Bakersfield, CA | 2 | $ 852,000 | $ 426,000 | $ 0 |
| Birmingham-Hoover, AL | 2 | $ 478,000 | $ 239,000 | $ 0 |
| Bloomington-Normal, IL | 2 | $ 353,000 | $ 176,500 | $ 144,000 |
| Brownsville-Harlingen, TX | 2 | $ 959,000 | $ 479,500 | $ 0 |
| Cambridge-Newton-Framingham, MA | 2 | $ 708,000 | $ 354,000 | $ 0 |
| Cape Coral-Fort Myers, FL | 2 | $ 430,000 | $ 215,000 | $ 93,000 |
| Columbus, OH | 2 | $ 3,674,000 | $ 1,837,000 | $ 0 |
| Deltona-Daytona Beach-Ormond Beach, FL | 2 | $ 3,425,000 | $ 1,712,500 | $ 0 |
| Detroit-Livonia-Dearborn, MI | 2 | $ 915,000 | $ 457,500 | $ 0 |
| El Centro, CA | 2 | $ 1,016,000 | $ 508,000 | $ 0 |
| Fayetteville, NC | 2 | $ 22,518,000 | $ 11,259,000 | $ 0 |
| Glens Falls, NY | 2 | $ 283,000 | $ 141,500 | $ 0 |
| Kansas City, MO-KS | 2 | $ 1,067,000 | $ 533,500 | $ 0 |
| Kingston, NY | 2 | $ 390,000 | $ 195,000 | $ 0 |
| Lexington-Fayette, KY | 2 | $ 414,000 | $ 207,000 | $ 39,000 |
| Madison, WI | 2 | $ 647,000 | $ 323,500 | $ 90,000 |
| Milwaukee-Waukesha-West Allis, WI | 2 | $ 2,927,000 | $ 1,463,500 | $ 22,000 |
| Naples-Marco Island, FL | 2 | $ 557,000 | $ 278,500 | $ 217,000 |
| Niles-Benton Harbor, MI | 2 | $ 387,000 | $ 193,500 | $ 117,000 |
| Oklahoma City, OK | 2 | $ 1,754,000 | $ 877,000 | $ 0 |
| Pittsburgh, PA | 2 | $ 331,000 | $ 165,500 | $ 0 |
| Pittsfield, MA | 2 | $ 897,000 | $ 448,500 | $ 0 |
| Salem, OR | 2 | $ 507,000 | $ 253,500 | $ 0 |
| San Angelo, TX | 2 | $ 585,000 | $ 292,500 | $ 0 |
| Santa Ana-Anaheim-Irvine, CA | 2 | $ 2,392,000 | $ 1,196,000 | $ 0 |
| Springfield, MA | 2 | $ 618,000 | $ 309,000 | $ 0 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 2 | $ 1,461,000 | $ 730,500 | $ 0 |
| Allentown-Bethlehem-Easton, PA-NJ | 1 | $ 328,000 | $ 328,000 | $ 0 |
| Asheville, NC | 1 | $ 200,000 | $ 200,000 | $ 200,000 |
| Atlantic City-Hammonton, NJ | 1 | $ 228,000 | $ 228,000 | $ 0 |
| Austin-Round Rock, TX | 1 | $ 489,000 | $ 489,000 | $ 0 |
| Bangor, ME | 1 | $ 245,000 | $ 245,000 | $ 0 |
| Camden, NJ | 1 | $ 283,000 | $ 283,000 | $ 0 |
| Columbia, SC | 1 | $ 293,000 | $ 293,000 | $ 0 |
| Davenport-Moline-Rock Island, IA-IL | 1 | $ 136,000 | $ 136,000 | $ 62,000 |
| Duluth, MN-WI | 1 | $ 487,000 | $ 487,000 | $ 0 |
| Edison-New Brunswick, NJ | 1 | $ 295,000 | $ 295,000 | $ 0 |
| El Paso, TX | 1 | $ 505,000 | $ 505,000 | $ 0 |
| Elkhart-Goshen, IN | 1 | $ 167,000 | $ 167,000 | $ 48,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 201,000 | $ 201,000 | $ 0 |
| Fort Worth-Arlington, TX | 1 | $ 620,000 | $ 620,000 | $ 0 |
| Holland-Grand Haven, MI | 1 | $ 376,000 | $ 376,000 | $ 464,000 |
| Huntington-Ashland, WV-KY-OH | 1 | $ 2,250,000 | $ 2,250,000 | $ 0 |
| Kennewick-Pasco-Richland, WA | 1 | $ 198,000 | $ 198,000 | $ 0 |
| Kingsport-Bristol-Bristol, TN-VA | 1 | $ 1,715,000 | $ 1,715,000 | $ 0 |
| Lake Charles, LA | 1 | $ 772,000 | $ 772,000 | $ 0 |
| Lancaster, PA | 1 | $ 149,000 | $ 149,000 | $ 0 |
| Lansing-East Lansing, MI | 1 | $ 197,000 | $ 197,000 | $ 0 |
| Little Rock-North Little Rock-Conway, AR | 1 | $ 238,000 | $ 238,000 | $ 0 |
| Longview, WA | 1 | $ 259,000 | $ 259,000 | $ 0 |
| Louisville-Jefferson County, KY-IN | 1 | $ 164,000 | $ 164,000 | $ 0 |
| Lynchburg, VA | 1 | $ 177,000 | $ 177,000 | $ 0 |
| Macon, GA | 1 | $ 50,000 | $ 50,000 | $ 49,000 |
| Memphis, TN-MS-AR | 1 | $ 278,000 | $ 278,000 | $ 0 |
| Merced, CA | 1 | $ 524,000 | $ 524,000 | $ 0 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 616,000 | $ 616,000 | $ 0 |
| Muskegon-Norton Shores, MI | 1 | $ 133,000 | $ 133,000 | $ 64,000 |
| Napa, CA | 1 | $ 519,000 | $ 519,000 | $ 1,340,000 |
| Nassau-Suffolk, NY | 1 | $ 477,000 | $ 477,000 | $ 0 |
| New Orleans-Metairie-Kenner, LA | 1 | $ 286,000 | $ 286,000 | $ 0 |
| Norwich-New London, CT | 1 | $ 243,000 | $ 243,000 | $ 0 |
| Omaha-Council Bluffs, NE-IA | 1 | $ 151,000 | $ 151,000 | $ 0 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 494,000 | $ 494,000 | $ 0 |
| Peoria, IL | 1 | $ 67,000 | $ 67,000 | $ 97,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 1 | $ 357,000 | $ 357,000 | $ 0 |
| Provo-Orem, UT | 1 | $ 295,000 | $ 295,000 | $ 0 |
| Salinas, CA | 1 | $ 330,000 | $ 330,000 | $ 0 |
| South Bend-Mishawaka, IN-MI | 1 | $ 253,000 | $ 253,000 | $ 0 |
| Spokane, WA | 1 | $ 421,000 | $ 421,000 | $ 0 |
| St. Louis, MO-IL | 1 | $ 2,275,000 | $ 2,275,000 | $ 0 |
| Tacoma, WA | 1 | $ 270,000 | $ 270,000 | $ 0 |
| Toledo, OH | 1 | $ 747,000 | $ 747,000 | $ 0 |
| Trenton-Ewing, NJ | 1 | $ 200,000 | $ 200,000 | $ 0 |
| Tucson, AZ | 1 | $ 946,000 | $ 946,000 | $ 0 |
| Tulsa, OK | 1 | $ 2,189,000 | $ 2,189,000 | $ 0 |
| Waco, TX | 1 | $ 957,000 | $ 957,000 | $ 0 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 563,000 | $ 563,000 | $ 0 |
| York-Hanover, PA | 1 | $ 220,000 | $ 220,000 | $ 55,000 |
| Yuma, AZ | 1 | $ 535,000 | $ 535,000 | $ 0 |
Mortgage Loan Application Detail Totals for Park National Bank 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 |
|---|---|---|---|---|---|---|
| Refinancing | 930 | $273,987,000 | $294,000 | $4,700,000 | $64,000 | $4,643,000 |
| Home Purchase | 714 | $290,500,000 | $406,000 | $65,801,000 | $68,000 | $1,670,000 |
| Home Improvement | 157 | $19,032,000 | $121,000 | $1,190,000 | $70,000 | $323,000 |
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 | 605 | $137,099,000 | $226,000 | $2,318,000 | $119,000 | $4,643,000 |
| Not applicable | 491 | $332,661,000 | $677,000 | $65,801,000 | $0 | $0 |
| Black or African American | 286 | $37,388,000 | $130,000 | $1,500,000 | $59,000 | $438,000 |
| Hispanic | 279 | $43,027,000 | $154,000 | $804,000 | $55,000 | $226,000 |
| Not Provided | 118 | $27,850,000 | $236,000 | $1,500,000 | $111,000 | $747,000 |
| Asian | 19 | $4,573,000 | $240,000 | $581,000 | $110,000 | $290,000 |
| American Indian or Alaskan Native | 3 | $921,000 | $307,000 | $550,000 | $17,000 | $51,000 |
| 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) | 1,647 | $554,709,000 | $336,000 | $65,801,000 | $67,000 | $4,643,000 |
| FHA-insured (Federal Housing Administration) | 148 | $27,591,000 | $186,000 | $463,000 | $61,000 | $171,000 |
| VA-guaranteed (Veterans Administration) | 6 | $1,219,000 | $203,000 | $347,000 | $56,000 | $93,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 762 | $154,524,000 | $202,000 | $2,318,000 | $98,000 | $4,643,000 |
| Loan Purchased By The Institution | 469 | $315,368,000 | $672,000 | $65,801,000 | $0 | $0 |
| Application Denied By Financial Institution | 188 | $35,804,000 | $190,000 | $2,660,000 | $59,000 | $469,000 |
| Application Approved But Not Accepted | 102 | $22,113,000 | $216,000 | $919,000 | $95,000 | $432,000 |
| Application Withdrawn By Applicant | 97 | $20,224,000 | $208,000 | $1,500,000 | $91,000 | $469,000 |
| File Closed For Incompleteness | 82 | $15,850,000 | $193,000 | $1,170,000 | $94,000 | $851,000 |
| Preapproval Approved but not Accepted | 74 | $15,132,000 | $204,000 | $1,000,000 | $77,000 | $490,000 |
| Preapproval Denied by Financial Institution | 27 | $4,504,000 | $166,000 | $333,000 | $53,000 | $122,000 |
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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 91 | $17,594,000 | $193,000 | $1,500,000 | $43,000 | $174,000 |
| Credit History | 56 | $7,112,000 | $127,000 | $392,000 | $62,000 | $208,000 |
| Collateral | 41 | $10,016,000 | $244,000 | $2,660,000 | $62,000 | $250,000 |
| Other | 18 | $4,359,000 | $242,000 | $550,000 | $106,000 | $469,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $707,000 | $235,000 | $320,000 | $83,000 | $122,000 |
| Mortgage Insurance Denied | 2 | $251,000 | $125,000 | $130,000 | $31,000 | $62,000 |
| Employment History | 2 | $175,000 | $87,000 | $150,000 | $68,000 | $77,000 |
| Credit Application Incomplete | 1 | $16,000 | $16,000 | $16,000 | $129,000 | $129,000 |
| Unverifiable Information | 1 | $78,000 | $78,000 | $78,000 | $26,000 | $26,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Park National Bank'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 Park National Bank'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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