The Federal Savings Bank Mortgage Lending & HMDA Data, 2019
In 2019, The Federal Savings Bank of Chicago, IL reported 30,871 mortgage applications totaling $9.2 billion, up 61% from 2018. The average application was for $297,215, and applicants reported an average income of $100,788. 63% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Chicago-Naperville, IL (2,579), New York-Jersey City-White Plains, NY-NJ (1,268) and Washington-Arlington-Alexandria, DC-VA-MD-WV (1,213) (applications in parentheses).
| Mortgage Company & Address | The Federal Savings Bank 300 N Elizabeth Street, Ste 3e Chicago, IL 60639 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 30,871 |
| Total Mortgage Loan Application Amount | $9,175,355,000 |
| Average Mortgage Loan Application Amount | $297,215 |
| Highest Mortgage Loan Application Amount | $4,355,000 |
| Average Applicant Income | $100,788 |
| Highest Applicant Income | $7,966,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The Federal Savings Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for The Federal Savings Bank in 2019
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 |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 14,673 | $4,320,855,000 | $294,000 | $3,005,000 | $83,000 | $1,760,000 |
| Refinancing | 8,428 | $2,556,200,000 | $303,000 | $2,455,000 | $126,000 | $7,966,000 |
| Home Purchase | 7,093 | $2,112,715,000 | $297,000 | $4,355,000 | $106,000 | $7,248,000 |
| Other Purpose | 676 | $185,480,000 | $274,000 | $1,425,000 | $118,000 | $5,452,000 |
| Home Improvement | 1 | $105,000 | $105,000 | $105,000 | $30,000 | $30,000 |
| Not Applicable | 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 |
|---|---|---|---|---|---|---|
| White | 13,410 | $3,975,720,000 | $296,000 | $3,005,000 | $102,000 | $7,248,000 |
| Not Provided | 10,429 | $3,090,895,000 | $296,000 | $2,505,000 | $88,000 | $2,544,000 |
| Black or African American | 3,555 | $1,039,425,000 | $292,000 | $1,395,000 | $87,000 | $788,000 |
| Hispanic | 2,609 | $744,955,000 | $285,000 | $1,035,000 | $81,000 | $795,000 |
| Asian | 614 | $239,520,000 | $390,000 | $2,705,000 | $124,000 | $7,966,000 |
| American Indian or Alaskan Native | 141 | $38,915,000 | $275,000 | $905,000 | $83,000 | $593,000 |
| Native Hawaiian or Other Pacific Islander | 99 | $37,225,000 | $376,000 | $785,000 | $91,000 | $351,000 |
| Not applicable | 1 | $415,000 | $415,000 | $415,000 | $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 |
|---|---|---|---|---|---|---|
| VA-guaranteed (Veterans Administration) | 19,131 | $5,678,975,000 | $296,000 | $1,625,000 | $82,000 | $1,760,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 7,435 | $2,310,715,000 | $310,000 | $4,355,000 | $127,000 | $7,966,000 |
| FHA-insured (Federal Housing Administration) | 4,158 | $1,162,750,000 | $279,000 | $1,275,000 | $77,000 | $488,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 147 | $22,915,000 | $155,000 | $335,000 | $51,000 | $106,000 |
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 | 19,380 | $5,811,320,000 | $299,000 | $4,355,000 | $98,000 | $7,248,000 |
| Application Withdrawn By Applicant | 6,900 | $2,047,260,000 | $296,000 | $2,705,000 | $91,000 | $4,254,000 |
| File Closed For Incompleteness | 2,481 | $731,805,000 | $294,000 | $3,005,000 | $86,000 | $900,000 |
| Application Denied By Financial Institution | 1,848 | $506,650,000 | $274,000 | $1,235,000 | $82,000 | $7,966,000 |
| Application Approved But Not Accepted | 241 | $74,045,000 | $307,000 | $815,000 | $94,000 | $317,000 |
| Preapproval Denied by Financial Institution | 20 | $4,120,000 | $206,000 | $435,000 | $53,000 | $137,000 |
| Preapproval Approved but not Accepted | 1 | $155,000 | $155,000 | $155,000 | $33,000 | $33,000 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Not applicable | 29,003 | $8,664,585,000 | $298,000 | $4,355,000 | $96,000 | $7,248,000 |
| Collateral | 785 | $211,795,000 | $269,000 | $1,215,000 | $93,000 | $7,966,000 |
| Debt-To-Income Ratio | 403 | $115,115,000 | $285,000 | $1,235,000 | $60,000 | $420,000 |
| Credit History | 344 | $92,850,000 | $269,000 | $905,000 | $81,000 | $562,000 |
| Other | 129 | $34,425,000 | $266,000 | $915,000 | $77,000 | $231,000 |
| Unverifiable Information | 86 | $25,390,000 | $295,000 | $835,000 | $77,000 | $250,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 66 | $16,060,000 | $243,000 | $665,000 | $79,000 | $466,000 |
| Employment History | 42 | $10,810,000 | $257,000 | $935,000 | $68,000 | $215,000 |
| Credit Application Incomplete | 12 | $4,050,000 | $337,000 | $545,000 | $92,000 | $175,000 |
| Mortgage Insurance Denied | 1 | $275,000 | $275,000 | $275,000 | $58,000 | $58,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Federal Savings Bank's 2019 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 The Federal Savings 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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