Illinois Bank & Trust Mortgage Lending & HMDA Data, 2009
In 2009, Illinois Bank & Trust of Rockford, IL reported 677 mortgage applications totaling $91.3 million, up 71% from 2008. The average application was for $134,810, and applicants reported an average income of $91,655. 82% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Rockford, IL (612), Chicago-Naperville-Joliet, IL (17) and Janesville, WI (8) (applications in parentheses).
| Mortgage Company & Address | Illinois Bank & Trust 6855 E Riverside Blvd Rockford, IL 61114 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 | 677 |
| Total Mortgage Loan Application Amount | $91,267,000 |
| Average Mortgage Loan Application Amount | $134,810 |
| Highest Mortgage Loan Application Amount | $417,000 |
| Average Applicant Income | $91,655 |
| Highest Applicant Income | $1,335,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Illinois Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Rockford, IL | 612 | $ 79,323,000 | $ 129,612 | $ 85,000 |
| Chicago-Naperville-Joliet, IL | 17 | $ 3,314,000 | $ 194,941 | $ 146,000 |
| Janesville, WI | 8 | $ 857,000 | $ 107,125 | $ 68,000 |
| Naples-Marco Island, FL | 2 | $ 517,000 | $ 258,500 | $ 157,000 |
| Phoenix-Mesa-Scottsdale, AZ | 2 | $ 120,000 | $ 60,000 | $ 152,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 106,000 | $ 106,000 | $ 556,000 |
| Greeley, CO | 1 | $ 100,000 | $ 100,000 | $ 78,000 |
| Madison, WI | 1 | $ 417,000 | $ 417,000 | $ 138,000 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 417,000 | $ 417,000 | $ 283,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 171,000 | $ 171,000 | $ 40,000 |
Mortgage Loan Application Detail Totals for Illinois Bank & Trust in 2009
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 | 528 | $77,781,000 | $147,000 | $417,000 | $98,000 | $1,335,000 |
| Home Purchase | 113 | $12,972,000 | $114,000 | $417,000 | $67,000 | $500,000 |
| Home Improvement | 36 | $514,000 | $14,000 | $140,000 | $76,000 | $250,000 |
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 | 558 | $77,257,000 | $138,000 | $417,000 | $95,000 | $1,335,000 |
| Not Provided | 67 | $9,783,000 | $146,000 | $417,000 | $85,000 | $273,000 |
| Hispanic | 18 | $1,688,000 | $93,000 | $193,000 | $65,000 | $292,000 |
| Not applicable | 15 | $490,000 | $32,000 | $51,000 | $0 | $0 |
| Black or African American | 10 | $1,007,000 | $100,000 | $357,000 | $111,000 | $250,000 |
| Asian | 7 | $898,000 | $128,000 | $348,000 | $85,000 | $128,000 |
| American Indian or Alaskan Native | 2 | $144,000 | $72,000 | $134,000 | $44,000 | $60,000 |
| 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) | 674 | $90,934,000 | $134,000 | $417,000 | $92,000 | $1,335,000 |
| FHA-insured (Federal Housing Administration) | 3 | $333,000 | $111,000 | $152,000 | $24,000 | $39,000 |
| 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 | 553 | $77,821,000 | $140,000 | $417,000 | $96,000 | $1,335,000 |
| Application Withdrawn By Applicant | 66 | $9,043,000 | $137,000 | $408,000 | $69,000 | $273,000 |
| Application Approved But Not Accepted | 28 | $2,610,000 | $93,000 | $236,000 | $63,000 | $130,000 |
| Application Denied By Financial Institution | 27 | $1,666,000 | $61,000 | $228,000 | $80,000 | $250,000 |
| Preapproval Denied by Financial Institution | 3 | $127,000 | $42,000 | $82,000 | $44,000 | $51,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 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 Illinois Bank & Trust's 2009 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 Illinois 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.
For a list of all lenders in Illinois, download the full spreadsheet
with aggregated HMDA statistics today.
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