Itasca Bank & Trust Co. Mortgage Lending & HMDA Data, 2007
In 2007, Itasca Bank & Trust Co. of Itasca, IL reported 92 mortgage applications totaling $7.1 million, down 13% from 2006. The average application was for $77,184, and applicants reported an average income of $46,956. 49% of its applications resulted in an originated loan and 28% were denied. Its largest markets were Flint, MI (50), Saginaw-Saginaw Township North, MI (33) and Bay City, MI (1) (applications in parentheses).
| Mortgage Company & Address | Itasca Bank & Trust Co. 308 W. Irving Park Road Itasca, IL 60143 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 92 |
| Total Mortgage Loan Application Amount | $7,101,000 |
| Average Mortgage Loan Application Amount | $77,184 |
| Highest Mortgage Loan Application Amount | $252,000 |
| Average Applicant Income | $46,956 |
| Highest Applicant Income | $197,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Itasca Bank & Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Itasca Bank & Trust Co. 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 |
|---|---|---|---|---|---|---|
| Refinancing | 43 | $4,373,000 | $101,000 | $250,000 | $46,000 | $120,000 |
| Home Purchase | 37 | $2,417,000 | $65,000 | $252,000 | $50,000 | $197,000 |
| Home Improvement | 12 | $311,000 | $25,000 | $71,000 | $41,000 | $93,000 |
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 | 87 | $6,825,000 | $78,000 | $252,000 | $48,000 | $197,000 |
| Hispanic | 3 | $128,000 | $42,000 | $113,000 | $31,000 | $62,000 |
| Black or African American | 1 | $108,000 | $108,000 | $108,000 | $44,000 | $44,000 |
| Not Provided | 1 | $40,000 | $40,000 | $40,000 | $29,000 | $29,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 91 | $7,099,000 | $78,000 | $252,000 | $47,000 | $197,000 |
| FHA-insured (Federal Housing Administration) | 1 | $2,000 | $2,000 | $2,000 | $35,000 | $35,000 |
| 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 | 45 | $3,273,000 | $72,000 | $250,000 | $50,000 | $197,000 |
| Application Denied By Financial Institution | 26 | $2,169,000 | $83,000 | $252,000 | $37,000 | $78,000 |
| Application Approved But Not Accepted | 8 | $600,000 | $75,000 | $190,000 | $51,000 | $112,000 |
| Application Withdrawn By Applicant | 7 | $494,000 | $70,000 | $140,000 | $55,000 | $120,000 |
| Preapproval Approved but not Accepted | 3 | $230,000 | $76,000 | $80,000 | $69,000 | $109,000 |
| Preapproval Denied by Financial Institution | 2 | $185,000 | $92,000 | $100,000 | $41,000 | $61,000 |
| File Closed For Incompleteness | 1 | $150,000 | $150,000 | $150,000 | $43,000 | $43,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 13 | $1,246,000 | $95,000 | $252,000 | $34,000 | $75,000 |
| Credit History | 9 | $525,000 | $58,000 | $105,000 | $43,000 | $78,000 |
| Collateral | 2 | $258,000 | $129,000 | $162,000 | $43,000 | $50,000 |
| Credit Application Incomplete | 1 | $30,000 | $30,000 | $30,000 | $31,000 | $31,000 |
| Other | 1 | $212,000 | $212,000 | $212,000 | $55,000 | $55,000 |
| Employment History | 1 | $65,000 | $65,000 | $65,000 | $41,000 | $41,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Itasca Bank & Trust Co.'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 Itasca Bank & Trust Co.'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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