Platinum Community Bank Mortgage Lending & HMDA Data, 2007
In 2007, Platinum Community Bank of Rolling Meadows, IL reported 1,326 mortgage applications totaling $318.8 million, down 56% from 2006. The average application was for $240,392, and applicants reported an average income of $97,185. 32% of its applications resulted in an originated loan and 6% were denied. Its largest markets were San Diego-Carlsbad-San Marcos, CA (286), Chicago-Naperville-Joliet, IL (105) and Riverside-San Bernardino-Ontario, CA (102) (applications in parentheses).
| Mortgage Company & Address | Platinum Community Bank 2915 Kirchoff Rd Rolling Meadows, IL 60008 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,326 |
| Total Mortgage Loan Application Amount | $318,761,000 |
| Average Mortgage Loan Application Amount | $240,392 |
| Highest Mortgage Loan Application Amount | $1,700,000 |
| Average Applicant Income | $97,185 |
| Highest Applicant Income | $1,608,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Platinum Community Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| San Diego, California | 286 | $ 87,826,000 | $ 307,083 | $ 106,000 |
| Riverside, California | 86 | $ 29,487,000 | $ 342,872 | $ 128,000 |
| Los Angeles, California | 58 | $ 24,896,000 | $ 429,241 | $ 158,000 |
| Cook, Illinois | 36 | $ 5,963,000 | $ 165,638 | $ 105,000 |
| Clark, Nevada | 34 | $ 5,747,000 | $ 169,029 | $ 97,000 |
| Winnebago, Illinois | 29 | $ 3,061,000 | $ 105,551 | $ 95,000 |
| Kern, California | 23 | $ 5,014,000 | $ 218,000 | $ 91,000 |
| Will, Illinois | 23 | $ 2,989,000 | $ 129,956 | $ 84,000 |
| Fresno, California | 21 | $ 4,973,000 | $ 236,809 | $ 64,000 |
| Orange, Florida | 19 | $ 5,326,000 | $ 280,315 | $ 59,000 |
| Imperial, California | 17 | $ 2,769,000 | $ 162,882 | $ 54,000 |
| San Bernardino, California | 16 | $ 4,084,000 | $ 255,250 | $ 105,000 |
| Orange, California | 15 | $ 6,596,000 | $ 439,733 | $ 130,000 |
| Seminole, Florida | 15 | $ 4,387,000 | $ 292,466 | $ 116,000 |
| Osceola, Florida | 13 | $ 2,567,000 | $ 197,461 | $ 44,000 |
| Harris, Texas | 13 | $ 998,000 | $ 76,769 | $ 82,000 |
| Maricopa, Arizona | 12 | $ 3,314,000 | $ 276,166 | $ 132,000 |
| El Paso, Texas | 12 | $ 1,651,000 | $ 137,583 | $ 56,000 |
| El Paso, Colorado | 11 | $ 1,449,000 | $ 131,727 | $ 117,000 |
| DuPage, Illinois | 11 | $ 2,064,000 | $ 187,636 | $ 82,000 |
| Kendall, Illinois | 11 | $ 2,004,000 | $ 182,181 | $ 36,000 |
| Lake, Illinois | 11 | $ 1,866,000 | $ 169,636 | $ 62,000 |
| Hudson, New Jersey | 11 | $ 3,097,000 | $ 281,545 | $ 96,000 |
| Contra Costa, California | 10 | $ 3,335,000 | $ 333,500 | $ 135,000 |
| Sacramento, California | 10 | $ 3,508,000 | $ 350,800 | $ 103,000 |
| King, Washington | 10 | $ 1,936,000 | $ 193,600 | $ 180,000 |
| Fulton, Georgia | 9 | $ 1,647,000 | $ 183,000 | $ 92,000 |
| Kane, Illinois | 9 | $ 1,787,000 | $ 198,555 | $ 27,000 |
| McHenry, Illinois | 9 | $ 1,832,000 | $ 203,555 | $ 39,000 |
| Salt Lake, Utah | 9 | $ 1,219,000 | $ 135,444 | $ 91,000 |
| Jackson, Missouri | 8 | $ 859,000 | $ 107,375 | $ 105,000 |
| Tarrant, Texas | 8 | $ 676,000 | $ 84,500 | $ 79,000 |
| Ventura, California | 7 | $ 3,019,000 | $ 431,285 | $ 95,000 |
| Prince George's, Maryland | 7 | $ 1,789,000 | $ 255,571 | $ 184,000 |
| Union, New Jersey | 7 | $ 1,714,000 | $ 244,857 | $ 122,000 |
| Oklahoma, Oklahoma | 7 | $ 561,000 | $ 80,142 | $ 40,000 |
| Dane, Wisconsin | 7 | $ 1,282,000 | $ 183,142 | $ 52,000 |
| Milwaukee, Wisconsin | 7 | $ 528,000 | $ 75,428 | $ 57,000 |
| San Joaquin, California | 6 | $ 2,444,000 | $ 407,333 | $ 131,000 |
| Douglas, Nebraska | 6 | $ 519,000 | $ 86,500 | $ 19,000 |
| Bergen, New Jersey | 6 | $ 1,933,000 | $ 322,166 | $ 71,000 |
| Kings, New York | 6 | $ 1,638,000 | $ 273,000 | $ 94,000 |
| Dallas, Texas | 6 | $ 523,000 | $ 87,166 | $ 141,000 |
| Shasta, California | 5 | $ 716,000 | $ 143,200 | $ 89,000 |
| Stanislaus, California | 5 | $ 1,925,000 | $ 385,000 | $ 114,000 |
| Tulare, California | 5 | $ 1,429,000 | $ 285,800 | $ 100,000 |
| Lake, Florida | 5 | $ 852,000 | $ 170,400 | $ 83,000 |
| Pinellas, Florida | 5 | $ 647,000 | $ 129,400 | $ 46,000 |
| Le Sueur, Minnesota | 5 | $ 1,033,000 | $ 206,600 | $ 130,000 |
| Travis, Texas | 5 | $ 1,167,000 | $ 233,400 | $ 168,000 |
| Weber, Utah | 5 | $ 676,000 | $ 135,200 | $ 97,000 |
| Green, Wisconsin | 5 | $ 546,000 | $ 109,200 | $ 60,000 |
| Washington, Wisconsin | 5 | $ 650,000 | $ 130,000 | $ 83,000 |
| Alameda, California | 4 | $ 1,407,000 | $ 351,750 | $ 219,000 |
| Santa Barbara, California | 4 | $ 1,050,000 | $ 262,500 | $ 134,000 |
| Santa Cruz, California | 4 | $ 948,000 | $ 237,000 | $ 84,000 |
| Lee, Florida | 4 | $ 722,000 | $ 180,500 | $ 0 |
| Volusia, Florida | 4 | $ 805,000 | $ 201,250 | $ 23,000 |
| Gwinnett, Georgia | 4 | $ 434,000 | $ 108,500 | $ 43,000 |
| Boone, Illinois | 4 | $ 566,000 | $ 141,500 | $ 49,000 |
| Suffolk, Massachusetts | 4 | $ 540,000 | $ 135,000 | $ 62,000 |
| Wayne, Michigan | 4 | $ 370,000 | $ 92,500 | $ 89,000 |
| Dakota, Minnesota | 4 | $ 480,000 | $ 120,000 | $ 0 |
| Sarpy, Nebraska | 4 | $ 346,000 | $ 86,500 | $ 73,000 |
| Passaic, New Jersey | 4 | $ 890,000 | $ 222,500 | $ 68,000 |
| Bernalillo, New Mexico | 4 | $ 488,000 | $ 122,000 | $ 86,000 |
| Nassau, New York | 4 | $ 1,411,000 | $ 352,750 | $ 118,000 |
| Deschutes, Oregon | 4 | $ 471,000 | $ 117,750 | $ 141,000 |
| Pennington, South Dakota | 4 | $ 480,000 | $ 120,000 | $ 0 |
| Gregg, Texas | 4 | $ 314,000 | $ 78,500 | $ 37,000 |
| Kendall, Texas | 4 | $ 265,000 | $ 66,250 | $ 77,000 |
| Chesterfield, Virginia | 4 | $ 715,000 | $ 178,750 | $ 19,000 |
| Waukesha, Wisconsin | 4 | $ 518,000 | $ 129,500 | $ 45,000 |
| Benton, Arkansas | 3 | $ 586,000 | $ 195,333 | $ 0 |
| Butte, California | 3 | $ 540,000 | $ 180,000 | $ 71,000 |
| Solano, California | 3 | $ 861,000 | $ 287,000 | $ 164,000 |
| Adams, Colorado | 3 | $ 331,000 | $ 110,333 | $ 40,000 |
| Garfield, Colorado | 3 | $ 1,089,000 | $ 363,000 | $ 236,000 |
| Polk, Florida | 3 | $ 623,000 | $ 207,666 | $ 81,000 |
| Cobb, Georgia | 3 | $ 276,000 | $ 92,000 | $ 113,000 |
| DeKalb, Georgia | 3 | $ 394,000 | $ 131,333 | $ 44,000 |
| DeKalb, Illinois | 3 | $ 514,000 | $ 171,333 | $ 50,000 |
| Grundy, Illinois | 3 | $ 500,000 | $ 166,666 | $ 26,000 |
| Hennepin, Minnesota | 3 | $ 1,870,000 | $ 623,333 | $ 317,000 |
| Greene, Missouri | 3 | $ 255,000 | $ 85,000 | $ 82,000 |
| Mecklenburg, North Carolina | 3 | $ 855,000 | $ 285,000 | $ 122,000 |
| Multnomah, Oregon | 3 | $ 588,000 | $ 196,000 | $ 96,000 |
| Utah, Utah | 3 | $ 523,000 | $ 174,333 | $ 74,000 |
| Rock, Wisconsin | 3 | $ 216,000 | $ 72,000 | $ 29,000 |
| Sauk, Wisconsin | 3 | $ 323,000 | $ 107,666 | $ 63,000 |
| Jefferson, Alabama | 2 | $ 292,000 | $ 146,000 | $ 88,000 |
| El Dorado, California | 2 | $ 1,259,000 | $ 629,500 | $ 231,000 |
| San Francisco, California | 2 | $ 711,000 | $ 355,500 | $ 0 |
| Sonoma, California | 2 | $ 789,000 | $ 394,500 | $ 47,000 |
| Broomfield, Colorado | 2 | $ 1,060,000 | $ 530,000 | $ 299,000 |
| Broward, Florida | 2 | $ 856,000 | $ 428,000 | $ 40,000 |
| Collier, Florida | 2 | $ 1,184,000 | $ 592,000 | $ 96,000 |
| Hillsborough, Florida | 2 | $ 795,000 | $ 397,500 | $ 184,000 |
| Sarasota, Florida | 2 | $ 413,000 | $ 206,500 | $ 78,000 |
| Clayton, Georgia | 2 | $ 194,000 | $ 97,000 | $ 49,000 |
| Glynn, Georgia | 2 | $ 225,000 | $ 112,500 | $ 126,000 |
| Henry, Georgia | 2 | $ 380,000 | $ 190,000 | $ 104,000 |
| Bureau, Illinois | 2 | $ 98,000 | $ 49,000 | $ 31,000 |
| Lee, Illinois | 2 | $ 236,000 | $ 118,000 | $ 67,000 |
| Ogle, Illinois | 2 | $ 193,000 | $ 96,500 | $ 45,000 |
| Whiteside, Illinois | 2 | $ 187,000 | $ 93,500 | $ 68,000 |
| Linn, Iowa | 2 | $ 89,000 | $ 44,500 | $ 114,000 |
| Polk, Iowa | 2 | $ 333,000 | $ 166,500 | $ 0 |
| Johnson, Kansas | 2 | $ 711,000 | $ 355,500 | $ 68,000 |
| Cumberland, Maine | 2 | $ 347,000 | $ 173,500 | $ 168,000 |
| Howard, Maryland | 2 | $ 706,000 | $ 353,000 | $ 227,000 |
| Washington, Minnesota | 2 | $ 290,000 | $ 145,000 | $ 48,000 |
| Jefferson, Missouri | 2 | $ 131,000 | $ 65,500 | $ 52,000 |
| Platte, Missouri | 2 | $ 255,000 | $ 127,500 | $ 395,000 |
| Polk, Missouri | 2 | $ 253,000 | $ 126,500 | $ 170,000 |
| Burlington, New Jersey | 2 | $ 215,000 | $ 107,500 | $ 71,000 |
| Essex, New Jersey | 2 | $ 1,103,000 | $ 551,500 | $ 0 |
| Monmouth, New Jersey | 2 | $ 1,220,000 | $ 610,000 | $ 197,000 |
| Sussex, New Jersey | 2 | $ 221,000 | $ 110,500 | $ 129,000 |
| Dona Ana, New Mexico | 2 | $ 383,000 | $ 191,500 | $ 0 |
| Onondaga, New York | 2 | $ 134,000 | $ 67,000 | $ 30,000 |
| Wayne, New York | 2 | $ 266,000 | $ 133,000 | $ 0 |
| Camden, North Carolina | 2 | $ 100,000 | $ 50,000 | $ 193,000 |
| Tulsa, Oklahoma | 2 | $ 105,000 | $ 52,500 | $ 52,000 |
| Columbia, Oregon | 2 | $ 187,000 | $ 93,500 | $ 141,000 |
| Josephine, Oregon | 2 | $ 315,000 | $ 157,500 | $ 80,000 |
| Klamath, Oregon | 2 | $ 273,000 | $ 136,500 | $ 0 |
| Washington, Oregon | 2 | $ 288,000 | $ 144,000 | $ 108,000 |
| York, South Carolina | 2 | $ 180,000 | $ 90,000 | $ 31,000 |
| Jefferson, Tennessee | 2 | $ 204,000 | $ 102,000 | $ 0 |
| Collin, Texas | 2 | $ 226,000 | $ 113,000 | $ 40,000 |
| Denton, Texas | 2 | $ 210,000 | $ 105,000 | $ 52,000 |
| Galveston, Texas | 2 | $ 141,000 | $ 70,500 | $ 120,000 |
| Hidalgo, Texas | 2 | $ 68,000 | $ 34,000 | $ 74,000 |
| Hunt, Texas | 2 | $ 70,000 | $ 35,000 | $ 132,000 |
| Wise, Texas | 2 | $ 90,000 | $ 45,000 | $ 124,000 |
| Chesapeake, Virginia | 2 | $ 150,000 | $ 75,000 | $ 168,000 |
| Norfolk, Virginia | 2 | $ 121,000 | $ 60,500 | $ 84,000 |
| Prince William, Virginia | 2 | $ 568,000 | $ 284,000 | $ 42,000 |
| Richmond City, Virginia | 2 | $ 146,000 | $ 73,000 | $ 137,000 |
| Pierce, Washington | 2 | $ 414,000 | $ 207,000 | $ 72,000 |
| Snohomish, Washington | 2 | $ 370,000 | $ 185,000 | $ 124,000 |
| Columbia, Wisconsin | 2 | $ 165,000 | $ 82,500 | $ 0 |
| Kenosha, Wisconsin | 2 | $ 117,000 | $ 58,500 | $ 180,000 |
| Marathon, Wisconsin | 2 | $ 70,000 | $ 35,000 | $ 47,000 |
| Racine, Wisconsin | 2 | $ 289,000 | $ 144,500 | $ 42,000 |
| Morgan, Alabama | 1 | $ 171,000 | $ 171,000 | $ 89,000 |
| Juneau, Alaska | 1 | $ 215,000 | $ 215,000 | $ 72,000 |
| Lake and Peninsula, Alaska | 1 | $ 140,000 | $ 140,000 | $ 37,000 |
| Pinal, Arizona | 1 | $ 165,000 | $ 165,000 | $ 36,000 |
| Pope, Arkansas | 1 | $ 134,000 | $ 134,000 | $ 0 |
| Pulaski, Arkansas | 1 | $ 58,000 | $ 58,000 | $ 0 |
| Washington, Arkansas | 1 | $ 65,000 | $ 65,000 | $ 0 |
| Kings, California | 1 | $ 479,000 | $ 479,000 | $ 171,000 |
| Monterey, California | 1 | $ 644,000 | $ 644,000 | $ 323,000 |
| Napa, California | 1 | $ 486,000 | $ 486,000 | $ 85,000 |
| Placer, California | 1 | $ 231,000 | $ 231,000 | $ 83,000 |
| Santa Clara, California | 1 | $ 671,000 | $ 671,000 | $ 0 |
| Citrus, Florida | 1 | $ 644,000 | $ 644,000 | $ 296,000 |
| Palm Beach, Florida | 1 | $ 115,000 | $ 115,000 | $ 0 |
| Walton, Georgia | 1 | $ 279,000 | $ 279,000 | $ 90,000 |
| Honolulu, Hawaii | 1 | $ 471,000 | $ 471,000 | $ 191,000 |
| Jo Daviess, Illinois | 1 | $ 121,000 | $ 121,000 | $ 49,000 |
| LaSalle, Illinois | 1 | $ 161,000 | $ 161,000 | $ 79,000 |
| Madison, Illinois | 1 | $ 84,000 | $ 84,000 | $ 38,000 |
| Stephenson, Illinois | 1 | $ 42,000 | $ 42,000 | $ 24,000 |
| Lake, Indiana | 1 | $ 57,000 | $ 57,000 | $ 31,000 |
| Shelby, Indiana | 1 | $ 70,000 | $ 70,000 | $ 19,000 |
| Scott, Iowa | 1 | $ 104,000 | $ 104,000 | $ 89,000 |
| Orleans, Louisiana | 1 | $ 125,000 | $ 125,000 | $ 51,000 |
| Scott, Minnesota | 1 | $ 350,000 | $ 350,000 | $ 624,000 |
| Christian, Missouri | 1 | $ 332,000 | $ 332,000 | $ 0 |
| Clay, Missouri | 1 | $ 152,000 | $ 152,000 | $ 45,000 |
| St. Louis City, Missouri | 1 | $ 120,000 | $ 120,000 | $ 0 |
| Mercer, New Jersey | 1 | $ 194,000 | $ 194,000 | $ 0 |
| Cattaraugus, New York | 1 | $ 156,000 | $ 156,000 | $ 88,000 |
| Cayuga, New York | 1 | $ 93,000 | $ 93,000 | $ 68,000 |
| Dutchess, New York | 1 | $ 274,000 | $ 274,000 | $ 90,000 |
| Orange, New York | 1 | $ 257,000 | $ 257,000 | $ 63,000 |
| Suffolk, New York | 1 | $ 350,000 | $ 350,000 | $ 120,000 |
| Westchester, New York | 1 | $ 553,000 | $ 553,000 | $ 0 |
| Davie, North Carolina | 1 | $ 86,000 | $ 86,000 | $ 27,000 |
| Forsyth, North Carolina | 1 | $ 126,000 | $ 126,000 | $ 72,000 |
| Harnett, North Carolina | 1 | $ 96,000 | $ 96,000 | $ 60,000 |
| Rowan, North Carolina | 1 | $ 97,000 | $ 97,000 | $ 144,000 |
| Union, North Carolina | 1 | $ 174,000 | $ 174,000 | $ 0 |
| Muskingum, Ohio | 1 | $ 166,000 | $ 166,000 | $ 0 |
| Lane, Oregon | 1 | $ 207,000 | $ 207,000 | $ 60,000 |
| Lincoln, Oregon | 1 | $ 106,000 | $ 106,000 | $ 0 |
| Marion, Oregon | 1 | $ 152,000 | $ 152,000 | $ 50,000 |
| Yamhill, Oregon | 1 | $ 400,000 | $ 400,000 | $ 140,000 |
| Beaufort, South Carolina | 1 | $ 340,000 | $ 340,000 | $ 0 |
| Greenville, South Carolina | 1 | $ 83,000 | $ 83,000 | $ 30,000 |
| Lancaster, South Carolina | 1 | $ 116,000 | $ 116,000 | $ 0 |
| Davidson, Tennessee | 1 | $ 150,000 | $ 150,000 | $ 31,000 |
| Sevier, Tennessee | 1 | $ 761,000 | $ 761,000 | $ 120,000 |
| Shelby, Tennessee | 1 | $ 80,000 | $ 80,000 | $ 70,000 |
| Bexar, Texas | 1 | $ 57,000 | $ 57,000 | $ 42,000 |
| Brazos, Texas | 1 | $ 65,000 | $ 65,000 | $ 180,000 |
| Comal, Texas | 1 | $ 293,000 | $ 293,000 | $ 198,000 |
| Fort Bend, Texas | 1 | $ 120,000 | $ 120,000 | $ 0 |
| Harrison, Texas | 1 | $ 136,000 | $ 136,000 | $ 55,000 |
| Davis, Utah | 1 | $ 185,000 | $ 185,000 | $ 0 |
| Millard, Utah | 1 | $ 64,000 | $ 64,000 | $ 21,000 |
| Summit, Utah | 1 | $ 809,000 | $ 809,000 | $ 500,000 |
| Washington, Utah | 1 | $ 800,000 | $ 800,000 | $ 240,000 |
| Colonial Heights, Virginia | 1 | $ 84,000 | $ 84,000 | $ 0 |
| Manassas, Virginia | 1 | $ 450,000 | $ 450,000 | $ 465,000 |
| Prince George, Virginia | 1 | $ 429,000 | $ 429,000 | $ 128,000 |
| Virginia Beach, Virginia | 1 | $ 157,000 | $ 157,000 | $ 0 |
| Franklin, Washington | 1 | $ 110,000 | $ 110,000 | $ 33,000 |
| Lewis, Washington | 1 | $ 125,000 | $ 125,000 | $ 40,000 |
| Brown, Wisconsin | 1 | $ 95,000 | $ 95,000 | $ 37,000 |
| Calumet, Wisconsin | 1 | $ 268,000 | $ 268,000 | $ 71,000 |
| Lincoln, Wisconsin | 1 | $ 100,000 | $ 100,000 | $ 0 |
| Marinette, Wisconsin | 1 | $ 108,000 | $ 108,000 | $ 77,000 |
| Marquette, Wisconsin | 1 | $ 140,000 | $ 140,000 | $ 54,000 |
| Ozaukee, Wisconsin | 1 | $ 168,000 | $ 168,000 | $ 0 |
| Sawyer, Wisconsin | 1 | $ 100,000 | $ 100,000 | $ 0 |
| Walworth, Wisconsin | 1 | $ 255,000 | $ 255,000 | $ 0 |
Mortgage Loan Application Detail Totals for Platinum Community Bank in 2007
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 | 933 | $202,550,000 | $217,000 | $1,000,000 | $96,000 | $1,416,000 |
| Refinancing | 393 | $116,211,000 | $295,000 | $1,700,000 | $100,000 | $1,608,000 |
| Home Improvement | 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 |
|---|---|---|---|---|---|---|
| Hispanic | 570 | $143,681,000 | $252,000 | $1,000,000 | $85,000 | $1,416,000 |
| White | 442 | $98,504,000 | $222,000 | $1,700,000 | $105,000 | $1,608,000 |
| Not Provided | 116 | $29,991,000 | $258,000 | $1,000,000 | $114,000 | $456,000 |
| Black or African American | 111 | $23,945,000 | $215,000 | $1,000,000 | $119,000 | $1,080,000 |
| Asian | 65 | $16,681,000 | $256,000 | $688,000 | $75,000 | $254,000 |
| Native Hawaiian or Other Pacific Islander | 19 | $5,485,000 | $288,000 | $806,000 | $143,000 | $246,000 |
| American Indian or Alaskan Native | 2 | $411,000 | $205,000 | $329,000 | $0 | $0 |
| Not applicable | 1 | $63,000 | $63,000 | $63,000 | $33,000 | $33,000 |
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) | 1,277 | $313,289,000 | $245,000 | $1,700,000 | $98,000 | $1,608,000 |
| FHA-insured (Federal Housing Administration) | 46 | $4,923,000 | $107,000 | $203,000 | $79,000 | $1,260,000 |
| VA-guaranteed (Veterans Administration) | 3 | $549,000 | $183,000 | $218,000 | $42,000 | $76,000 |
| 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 | 421 | $98,846,000 | $234,000 | $1,700,000 | $86,000 | $780,000 |
| Loan Purchased By The Institution | 415 | $66,438,000 | $160,000 | $736,000 | $85,000 | $1,260,000 |
| Application Approved But Not Accepted | 328 | $108,175,000 | $329,000 | $1,000,000 | $123,000 | $1,608,000 |
| Application Denied By Financial Institution | 75 | $16,958,000 | $226,000 | $1,000,000 | $87,000 | $301,000 |
| File Closed For Incompleteness | 70 | $24,116,000 | $344,000 | $1,500,000 | $127,000 | $1,080,000 |
| Application Withdrawn By Applicant | 17 | $4,228,000 | $248,000 | $800,000 | $76,000 | $360,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 22 | $3,809,000 | $173,000 | $640,000 | $122,000 | $240,000 |
| Credit History | 18 | $3,649,000 | $202,000 | $1,000,000 | $75,000 | $294,000 |
| Debt-To-Income Ratio | 15 | $2,849,000 | $189,000 | $512,000 | $70,000 | $276,000 |
| Collateral | 8 | $2,799,000 | $349,000 | $1,000,000 | $13,000 | $37,000 |
| Unverifiable Information | 7 | $3,203,000 | $457,000 | $1,000,000 | $160,000 | $301,000 |
| Employment History | 3 | $249,000 | $83,000 | $114,000 | $29,000 | $66,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $216,000 | $216,000 | $216,000 | $80,000 | $80,000 |
| Mortgage Insurance Denied | 1 | $184,000 | $184,000 | $184,000 | $56,000 | $56,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Platinum Community Bank's 2007 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 Platinum Community 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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