The Northern Trust Company Mortgage Lending & HMDA Data, 2010
In 2010, The Northern Trust Company of Chicago, IL reported 1,498 mortgage applications totaling $736.7 million, down 13% from 2009. The average application was for $491,771, and applicants reported an average income of $363,598. 66% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Chicago-Joliet-Naperville, IL (1,117), Lake County-Kenosha County, IL-WI (104) and New York-White Plains-Wayne, NY-NJ (20) (applications in parentheses).
| Mortgage Company & Address | The Northern Trust Company 50 S. La Salle, M-20 Chicago, IL 60603 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 | 1,498 |
| Total Mortgage Loan Application Amount | $736,674,000 |
| Average Mortgage Loan Application Amount | $491,771 |
| Highest Mortgage Loan Application Amount | $12,900,000 |
| Average Applicant Income | $363,598 |
| Highest Applicant Income | $9,999,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The Northern Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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-Joliet-Naperville, IL | 1,117 | $ 419,018,000 | $ 375,128 | $ 255,000 |
| Lake County-Kenosha County, IL-WI | 104 | $ 66,992,000 | $ 644,153 | $ 535,000 |
| New York-White Plains-Wayne, NY-NJ | 20 | $ 24,870,000 | $ 1,243,500 | $ 481,000 |
| Miami-Miami Beach-Kendall, FL | 13 | $ 9,061,000 | $ 697,000 | $ 1,137,000 |
| Los Angeles-Long Beach-Glendale, CA | 11 | $ 10,271,000 | $ 933,727 | $ 705,000 |
| Naples-Marco Island, FL | 11 | $ 10,713,000 | $ 973,909 | $ 918,000 |
| San Francisco-San Mateo-Redwood City, CA | 8 | $ 7,221,000 | $ 902,625 | $ 439,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 8 | $ 8,759,000 | $ 1,094,875 | $ 671,000 |
| Niles-Benton Harbor, MI | 7 | $ 4,103,000 | $ 586,142 | $ 1,741,000 |
| Phoenix-Mesa-Glendale, AZ | 7 | $ 4,059,000 | $ 579,857 | $ 217,000 |
| Gary, IN | 6 | $ 1,222,000 | $ 203,666 | $ 45,000 |
| North Port-Bradenton-Sarasota, FL | 6 | $ 3,128,000 | $ 521,333 | $ 539,000 |
| Orlando-Kissimmee-Sanford, FL | 6 | $ 5,248,000 | $ 874,666 | $ 531,000 |
| Bridgeport-Stamford-Norwalk, CT | 5 | $ 6,152,000 | $ 1,230,400 | $ 286,000 |
| San Diego-Carlsbad-San Marcos, CA | 5 | $ 3,342,000 | $ 668,400 | $ 235,000 |
| Sebastian-Vero Beach, FL | 5 | $ 6,392,000 | $ 1,278,400 | $ 954,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 5 | $ 5,842,000 | $ 1,168,400 | $ 1,589,000 |
| Dallas-Plano-Irving, TX | 4 | $ 4,762,000 | $ 1,190,500 | $ 2,633,000 |
| Oakland-Fremont-Hayward, CA | 4 | $ 2,519,000 | $ 629,750 | $ 167,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 4 | $ 4,407,000 | $ 1,101,750 | $ 475,000 |
| Santa Ana-Anaheim-Irvine, CA | 4 | $ 13,370,000 | $ 3,342,500 | $ 2,689,000 |
| Austin-Round Rock-San Marcos, TX | 3 | $ 2,583,000 | $ 861,000 | $ 485,000 |
| Barnstable Town, MA | 3 | $ 2,717,000 | $ 905,666 | $ 2,626,000 |
| Boston-Quincy, MA | 3 | $ 1,975,000 | $ 658,333 | $ 302,000 |
| Cape Coral-Fort Myers, FL | 3 | $ 1,530,000 | $ 510,000 | $ 373,000 |
| Denver-Aurora-Broomfield, CO | 3 | $ 1,286,000 | $ 428,666 | $ 153,000 |
| Edison-New Brunswick, NJ | 3 | $ 2,200,000 | $ 733,333 | $ 760,000 |
| Michigan City-La Porte, IN | 3 | $ 1,294,000 | $ 431,333 | $ 388,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 3 | $ 1,172,000 | $ 390,666 | $ 290,000 |
| Nassau-Suffolk, NY | 3 | $ 2,400,000 | $ 800,000 | $ 534,000 |
| Tampa-St. Petersburg-Clearwater, FL | 3 | $ 1,862,000 | $ 620,666 | $ 570,000 |
| Bethesda-Rockville-Frederick, MD | 2 | $ 1,147,000 | $ 573,500 | $ 651,000 |
| Charlottesville, VA | 2 | $ 2,300,000 | $ 1,150,000 | $ 955,000 |
| Cincinnati-Middletown, OH-KY-IN | 2 | $ 989,000 | $ 494,500 | $ 1,345,000 |
| Indianapolis-Carmel, IN | 2 | $ 1,017,000 | $ 508,500 | $ 557,000 |
| Madison, WI | 2 | $ 800,000 | $ 400,000 | $ 465,000 |
| Newark-Union, NJ-PA | 2 | $ 2,338,000 | $ 1,169,000 | $ 725,000 |
| Philadelphia, PA | 2 | $ 1,880,000 | $ 940,000 | $ 1,032,000 |
| Riverside-San Bernardino-Ontario, CA | 2 | $ 1,150,000 | $ 575,000 | $ 714,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 2 | $ 3,520,000 | $ 1,760,000 | $ 946,000 |
| Seattle-Bellevue-Everett, WA | 2 | $ 1,306,000 | $ 653,000 | $ 207,000 |
| South Bend-Mishawaka, IN-MI | 2 | $ 888,000 | $ 444,000 | $ 446,000 |
| Tucson, AZ | 2 | $ 1,229,000 | $ 614,500 | $ 138,000 |
| Ann Arbor, MI | 1 | $ 448,000 | $ 448,000 | $ 200,000 |
| Appleton, WI | 1 | $ 417,000 | $ 417,000 | $ 239,000 |
| Atlanta-Sandy Springs-Marietta, GA | 1 | $ 354,000 | $ 354,000 | $ 88,000 |
| Bend, OR | 1 | $ 1,040,000 | $ 1,040,000 | $ 219,000 |
| Boulder, CO | 1 | $ 300,000 | $ 300,000 | $ 94,000 |
| Charleston-North Charleston-Summerville, SC | 1 | $ 319,000 | $ 319,000 | $ 122,000 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 1 | $ 600,000 | $ 600,000 | $ 379,000 |
| Dayton, OH | 1 | $ 399,000 | $ 399,000 | $ 662,000 |
| Detroit-Livonia-Dearborn, MI | 1 | $ 1,000,000 | $ 1,000,000 | $ 0 |
| Durham-Chapel Hill, NC | 1 | $ 280,000 | $ 280,000 | $ 847,000 |
| Flagstaff, AZ | 1 | $ 417,000 | $ 417,000 | $ 228,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 165,000 | $ 165,000 | $ 115,000 |
| Grand Rapids-Wyoming, MI | 1 | $ 800,000 | $ 800,000 | $ 276,000 |
| Kalamazoo-Portage, MI | 1 | $ 585,000 | $ 585,000 | $ 445,000 |
| Kansas City, MO-KS | 1 | $ 135,000 | $ 135,000 | $ 158,000 |
| Lafayette, IN | 1 | $ 92,000 | $ 92,000 | $ 0 |
| Memphis, TN-MS-AR | 1 | $ 68,000 | $ 68,000 | $ 0 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 278,000 | $ 278,000 | $ 164,000 |
| Missoula, MT | 1 | $ 203,000 | $ 203,000 | $ 58,000 |
| Oshkosh-Neenah, WI | 1 | $ 150,000 | $ 150,000 | $ 1,588,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 405,000 | $ 405,000 | $ 122,000 |
| Pittsburgh, PA | 1 | $ 408,000 | $ 408,000 | $ 444,000 |
| Port St. Lucie, FL | 1 | $ 233,000 | $ 233,000 | $ 116,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 1 | $ 325,000 | $ 325,000 | $ 103,000 |
| Prescott, AZ | 1 | $ 305,000 | $ 305,000 | $ 228,000 |
| Punta Gorda, FL | 1 | $ 322,000 | $ 322,000 | $ 265,000 |
| Reno-Sparks, NV | 1 | $ 803,000 | $ 803,000 | $ 258,000 |
| Rockford, IL | 1 | $ 258,000 | $ 258,000 | $ 889,000 |
| Salinas, CA | 1 | $ 900,000 | $ 900,000 | $ 627,000 |
| Salt Lake City, UT | 1 | $ 1,050,000 | $ 1,050,000 | $ 467,000 |
| Santa Fe, NM | 1 | $ 6,000,000 | $ 6,000,000 | $ 1,563,000 |
| Savannah, GA | 1 | $ 285,000 | $ 285,000 | $ 293,000 |
| Sheboygan, WI | 1 | $ 526,000 | $ 526,000 | $ 627,000 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 104,000 | $ 104,000 | $ 0 |
| Winston-Salem, NC | 1 | $ 417,000 | $ 417,000 | $ 233,000 |
Mortgage Loan Application Detail Totals for The Northern Trust Company in 2010
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 | 775 | $424,726,000 | $548,000 | $6,000,000 | $462,000 | $9,999,000 |
| Home Purchase | 682 | $275,953,000 | $404,000 | $12,900,000 | $244,000 | $6,526,000 |
| Home Improvement | 41 | $35,995,000 | $877,000 | $6,200,000 | $493,000 | $6,000,000 |
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 | 858 | $517,585,000 | $603,000 | $5,200,000 | $540,000 | $9,999,000 |
| Hispanic | 323 | $42,858,000 | $132,000 | $1,300,000 | $50,000 | $473,000 |
| Black or African American | 194 | $41,433,000 | $213,000 | $4,000,000 | $202,000 | $8,986,000 |
| Not applicable | 66 | $89,416,000 | $1,354,000 | $12,900,000 | $0 | $0 |
| Asian | 50 | $36,453,000 | $729,000 | $6,200,000 | $482,000 | $6,000,000 |
| Not Provided | 4 | $7,190,000 | $1,797,000 | $6,000,000 | $481,000 | $1,563,000 |
| American Indian or Alaskan Native | 3 | $1,739,000 | $579,000 | $900,000 | $224,000 | $289,000 |
| 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) | 1,457 | $729,594,000 | $500,000 | $12,900,000 | $373,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) | 41 | $7,080,000 | $172,000 | $414,000 | $53,000 | $187,000 |
| 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 | 982 | $504,828,000 | $514,000 | $12,900,000 | $367,000 | $9,999,000 |
| Application Denied By Financial Institution | 290 | $123,854,000 | $427,000 | $6,200,000 | $294,000 | $9,999,000 |
| Application Approved But Not Accepted | 150 | $68,999,000 | $459,000 | $5,200,000 | $274,000 | $5,476,000 |
| Application Withdrawn By Applicant | 34 | $25,035,000 | $736,000 | $2,450,000 | $528,000 | $3,865,000 |
| File Closed For Incompleteness | 24 | $11,784,000 | $491,000 | $2,400,000 | $1,633,000 | $9,999,000 |
| Loan Purchased By The Institution | 18 | $2,174,000 | $120,000 | $159,000 | $48,000 | $59,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 125 | $61,020,000 | $488,000 | $6,200,000 | $275,000 | $9,999,000 |
| Collateral | 121 | $50,226,000 | $415,000 | $5,000,000 | $345,000 | $7,437,000 |
| Credit History | 18 | $3,288,000 | $182,000 | $622,000 | $76,000 | $233,000 |
| Unverifiable Information | 10 | $1,069,000 | $106,000 | $144,000 | $42,000 | $68,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 8 | $992,000 | $124,000 | $204,000 | $54,000 | $90,000 |
| Other | 5 | $847,000 | $169,000 | $322,000 | $147,000 | $265,000 |
| Mortgage Insurance Denied | 1 | $122,000 | $122,000 | $122,000 | $37,000 | $37,000 |
| Credit Application Incomplete | 1 | $6,200,000 | $6,200,000 | $6,200,000 | $6,000,000 | $6,000,000 |
| Employment History | 1 | $90,000 | $90,000 | $90,000 | $60,000 | $60,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Northern Trust Company's 2010 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 Northern Trust Company'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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