Tcf National Bank Mortgage Lending & HMDA Data, 2006
In 2006, Tcf National Bank of Sioux Falls, SD reported 28,110 mortgage applications totaling $3.3 billion, up 10% from 2005. The average application was for $118,152, and applicants reported an average income of $64,774. 44% of its applications resulted in an originated loan and 51% were denied. Its largest markets were Chicago-Naperville-Joliet, IL (8,248), Minneapolis-St. Paul-Bloomington, MN-WI (6,249) and Warren-Troy-Farmington Hills, MI (2,445) (applications in parentheses).
| Mortgage Company & Address | Tcf National Bank 2508 Louise Ave S (002-01-P) Sioux Falls, SD 57106 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 28,110 |
| Total Mortgage Loan Application Amount | $3,321,275,000 |
| Average Mortgage Loan Application Amount | $118,152 |
| Highest Mortgage Loan Application Amount | $15,400,000 |
| Average Applicant Income | $64,774 |
| Highest Applicant Income | $7,028,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Tcf National Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 8,248 | $ 1,253,898,000 | $ 152,024 | $ 65,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 6,249 | $ 693,364,000 | $ 110,955 | $ 68,052 |
| Warren-Troy-Farmington Hills, MI | 2,445 | $ 325,609,000 | $ 133,173 | $ 71,000 |
| Milwaukee-Waukesha-West Allis, WI | 1,803 | $ 140,217,000 | $ 77,768 | $ 62,000 |
| Denver-Aurora, CO | 805 | $ 108,820,000 | $ 135,180 | $ 68,000 |
| Lake County-Kenosha County, IL-WI | 793 | $ 101,741,000 | $ 128,298 | $ 66,606 |
| Detroit-Livonia-Dearborn, MI | 780 | $ 76,469,000 | $ 98,037 | $ 59,000 |
| Ann Arbor, MI | 694 | $ 96,119,000 | $ 138,500 | $ 85,000 |
| Saginaw-Saginaw Township North, MI | 665 | $ 45,186,000 | $ 67,948 | $ 48,000 |
| Battle Creek, MI | 529 | $ 39,042,000 | $ 73,803 | $ 53,000 |
| Racine, WI | 391 | $ 33,464,000 | $ 85,585 | $ 57,000 |
| Colorado Springs, CO | 353 | $ 41,848,000 | $ 118,549 | $ 59,000 |
| Jackson, MI | 292 | $ 31,130,000 | $ 106,609 | $ 60,000 |
| Wausau, WI | 232 | $ 13,984,000 | $ 60,275 | $ 58,000 |
| Rockford, IL | 224 | $ 18,244,000 | $ 81,446 | $ 46,000 |
| Bay City, MI | 210 | $ 14,950,000 | $ 71,190 | $ 48,000 |
| Green Bay, WI | 192 | $ 11,827,000 | $ 61,598 | $ 57,000 |
| Lansing-East Lansing, MI | 162 | $ 22,091,000 | $ 136,364 | $ 62,000 |
| Appleton, WI | 145 | $ 7,659,000 | $ 52,820 | $ 56,000 |
| Oshkosh-Neenah, WI | 144 | $ 9,034,000 | $ 62,736 | $ 52,000 |
| St. Cloud, MN | 132 | $ 12,470,000 | $ 94,469 | $ 54,000 |
| Sheboygan, WI | 128 | $ 9,605,000 | $ 75,039 | $ 61,000 |
| Grand Rapids-Wyoming, MI | 110 | $ 9,619,000 | $ 87,445 | $ 57,000 |
| Phoenix-Mesa-Scottsdale, AZ | 101 | $ 18,172,000 | $ 179,920 | $ 70,000 |
| Gary, IN | 97 | $ 9,785,000 | $ 100,876 | $ 57,000 |
| Kalamazoo-Portage, MI | 91 | $ 8,347,000 | $ 91,725 | $ 65,000 |
| Fond Du Lac, WI | 85 | $ 6,149,000 | $ 72,341 | $ 52,000 |
| Flint, MI | 81 | $ 7,941,000 | $ 98,037 | $ 57,000 |
| Madison, WI | 62 | $ 7,484,000 | $ 120,709 | $ 72,000 |
| Rochester, MN | 38 | $ 4,312,000 | $ 113,473 | $ 65,000 |
| Duluth, MN-WI | 33 | $ 2,483,000 | $ 75,242 | $ 57,727 |
| Eau Claire, WI | 33 | $ 2,068,000 | $ 62,666 | $ 45,000 |
| Janesville, WI | 27 | $ 2,279,000 | $ 84,407 | $ 51,000 |
| Greeley, CO | 21 | $ 3,416,000 | $ 162,666 | $ 86,000 |
| La Crosse, WI-MN | 21 | $ 1,465,000 | $ 69,761 | $ 52,000 |
| Kankakee-Bradley, IL | 20 | $ 1,693,000 | $ 84,650 | $ 48,000 |
| Boulder, CO | 19 | $ 2,673,000 | $ 140,684 | $ 62,000 |
| Monroe, MI | 17 | $ 1,318,000 | $ 77,529 | $ 70,000 |
| Muskegon-Norton Shores, MI | 14 | $ 1,001,000 | $ 71,500 | $ 53,000 |
| Michigan City-La Porte, IN | 10 | $ 974,000 | $ 97,400 | $ 58,000 |
| Pueblo, CO | 9 | $ 990,000 | $ 110,000 | $ 74,000 |
| Fort Collins-Loveland, CO | 6 | $ 918,000 | $ 153,000 | $ 70,000 |
| Fargo, ND-MN | 5 | $ 314,000 | $ 62,800 | $ 68,000 |
| Holland-Grand Haven, MI | 5 | $ 510,000 | $ 102,000 | $ 74,000 |
| Niles-Benton Harbor, MI | 5 | $ 291,000 | $ 58,200 | $ 67,000 |
| Davenport-Moline-Rock Island, IA-IL | 4 | $ 228,000 | $ 57,000 | $ 34,000 |
| Champaign-Urbana, IL | 3 | $ 376,000 | $ 125,333 | $ 87,000 |
| Indianapolis-Carmel, IN | 3 | $ 514,000 | $ 171,333 | $ 74,000 |
| Grand Forks, ND-MN | 2 | $ 152,000 | $ 76,000 | $ 42,000 |
| Lafayette, IN | 2 | $ 143,000 | $ 71,500 | $ 37,000 |
| Bloomington-Normal, IL | 1 | $ 205,000 | $ 205,000 | $ 75,000 |
| Danville, IL | 1 | $ 256,000 | $ 256,000 | $ 69,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 750,000 | $ 750,000 | $ 749,000 |
| Grand Junction, CO | 1 | $ 200,000 | $ 200,000 | $ 94,000 |
| Honolulu, HI | 1 | $ 75,000 | $ 75,000 | $ 37,000 |
| Lakeland, FL | 1 | $ 8,000 | $ 8,000 | $ 58,000 |
| Peoria, IL | 1 | $ 66,000 | $ 66,000 | $ 54,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 77,000 | $ 77,000 | $ 36,000 |
Mortgage Loan Application Detail Totals for Tcf National Bank in 2006
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 | 20,456 | $2,647,474,000 | $129,000 | $3,471,000 | $65,000 | $7,028,000 |
| Home Improvement | 4,460 | $183,793,000 | $41,000 | $1,150,000 | $60,000 | $703,000 |
| Home Purchase | 3,194 | $490,008,000 | $153,000 | $15,400,000 | $70,000 | $1,877,000 |
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 | 17,224 | $1,913,758,000 | $111,000 | $4,100,000 | $67,000 | $7,028,000 |
| Hispanic | 4,049 | $645,033,000 | $159,000 | $996,000 | $56,000 | $535,000 |
| Black or African American | 3,122 | $322,839,000 | $103,000 | $517,000 | $55,000 | $556,000 |
| Not Provided | 2,028 | $243,776,000 | $120,000 | $1,541,000 | $74,000 | $1,877,000 |
| Asian | 783 | $116,325,000 | $148,000 | $779,000 | $71,000 | $341,000 |
| Not applicable | 733 | $53,653,000 | $73,000 | $15,400,000 | $51,000 | $500,000 |
| Native Hawaiian or Other Pacific Islander | 98 | $14,564,000 | $148,000 | $711,000 | $79,000 | $300,000 |
| American Indian or Alaskan Native | 73 | $11,327,000 | $155,000 | $552,000 | $86,000 | $912,000 |
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) | 28,108 | $3,321,267,000 | $118,000 | $15,400,000 | $65,000 | $7,028,000 |
| FHA-insured (Federal Housing Administration) | 1 | $1,000 | $1,000 | $1,000 | $26,000 | $26,000 |
| VA-guaranteed (Veterans Administration) | 1 | $7,000 | $7,000 | $7,000 | $82,000 | $82,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 14,321 | $1,859,208,000 | $129,000 | $3,471,000 | $62,000 | $7,028,000 |
| Loan Originated | 12,270 | $1,376,159,000 | $112,000 | $15,400,000 | $68,000 | $1,877,000 |
| Application Approved But Not Accepted | 727 | $73,154,000 | $100,000 | $735,000 | $68,000 | $632,000 |
| Loan Purchased By The Institution | 702 | $3,276,000 | $4,000 | $12,000 | $53,000 | $500,000 |
| Application Withdrawn By Applicant | 63 | $7,486,000 | $118,000 | $650,000 | $57,000 | $160,000 |
| File Closed For Incompleteness | 27 | $1,992,000 | $73,000 | $1,363,000 | $33,000 | $80,000 |
| 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 |
|---|---|---|---|---|---|---|
| Unverifiable Information | 5,317 | $636,521,000 | $119,000 | $870,000 | $69,000 | $807,000 |
| Credit History | 3,484 | $415,320,000 | $119,000 | $1,541,000 | $54,000 | $900,000 |
| Collateral | 2,879 | $401,806,000 | $139,000 | $1,969,000 | $71,000 | $7,028,000 |
| Debt-To-Income Ratio | 2,516 | $393,247,000 | $156,000 | $3,471,000 | $49,000 | $657,000 |
| Other | 65 | $5,796,000 | $89,000 | $695,000 | $57,000 | $150,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 41 | $4,919,000 | $119,000 | $326,000 | $55,000 | $100,000 |
| Employment History | 11 | $1,222,000 | $111,000 | $290,000 | $50,000 | $73,000 |
| Credit Application Incomplete | 8 | $377,000 | $47,000 | $239,000 | $38,000 | $73,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Tcf National Bank's 2006 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 Tcf 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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