The Privatebank and Trust Co. Mortgage Lending & HMDA Data, 2005
In 2005, The Privatebank and Trust Co. of Chicago, IL reported 314 mortgage applications totaling $182.7 million, up 18% from 2004. The average application was for $581,878, and applicants reported an average income of $296,971. 99% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Chicago-Naperville-Joliet, IL (229), Lake County-Kenosha County, IL-WI (24) and Niles-Benton Harbor, MI (7) (applications in parentheses).
| Mortgage Company & Address | The Privatebank and Trust Co. 120 South Lasalle Street 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 | 314 |
| Total Mortgage Loan Application Amount | $182,710,000 |
| Average Mortgage Loan Application Amount | $581,878 |
| Highest Mortgage Loan Application Amount | $12,080,000 |
| Average Applicant Income | $296,971 |
| Highest Applicant Income | $8,000,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The Privatebank and Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| 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 | 229 | $ 134,011,000 | $ 585,200 | $ 234,000 |
| Lake County-Kenosha County, IL-WI | 24 | $ 9,662,000 | $ 402,583 | $ 252,000 |
| Niles-Benton Harbor, MI | 7 | $ 3,683,000 | $ 526,142 | $ 228,000 |
| Milwaukee-Waukesha-West Allis, WI | 6 | $ 2,284,000 | $ 380,666 | $ 1,749,000 |
| Miami-Miami Beach-Kendall, FL | 4 | $ 4,753,000 | $ 1,188,250 | $ 1,657,000 |
| Gary, IN | 3 | $ 641,000 | $ 213,666 | $ 100,000 |
| Naples-Marco Island, FL | 3 | $ 1,678,000 | $ 559,333 | $ 711,000 |
| Phoenix-Mesa-Scottsdale, AZ | 3 | $ 786,000 | $ 262,000 | $ 67,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 3 | $ 676,000 | $ 225,333 | $ 464,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 300,000 | $ 150,000 | $ 204,000 |
| Sarasota-Bradenton-Venice, FL | 2 | $ 613,000 | $ 306,500 | $ 96,000 |
| Charleston-North Charleston, SC | 1 | $ 648,000 | $ 648,000 | $ 370,000 |
| Florence-Muscle Shoals, AL | 1 | $ 140,000 | $ 140,000 | $ 99,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 156,000 | $ 156,000 | $ 53,000 |
| Lakeland, FL | 1 | $ 251,000 | $ 251,000 | $ 73,000 |
| Madison, WI | 1 | $ 178,000 | $ 178,000 | $ 834,000 |
| Michigan City-La Porte, IN | 1 | $ 1,063,000 | $ 1,063,000 | $ 710,000 |
| Portland-Vancouver-Beaverton, OR-WA | 1 | $ 151,000 | $ 151,000 | $ 308,000 |
| Providence-New Bedford-Fall River, RI-MA | 1 | $ 724,000 | $ 724,000 | $ 890,000 |
| Riverside-San Bernardino-Ontario, CA | 1 | $ 500,000 | $ 500,000 | $ 253,000 |
| Santa Fe, NM | 1 | $ 520,000 | $ 520,000 | $ 264,000 |
| Vero Beach, FL | 1 | $ 10,000,000 | $ 10,000,000 | $ 0 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 448,000 | $ 448,000 | $ 181,000 |
Mortgage Loan Application Detail Totals for The Privatebank and Trust Co. in 2005
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 161 | $110,081,000 | $521,076 | $12,080,000 | $430,923 | $8,000,000 |
| Refinancing | 126 | $68,570,000 | $460,000 | $6,900,000 | $291,200 | $3,364,000 |
| Home Improvement | 27 | $4,059,000 | $129,000 | $500,000 | $147,000 | $1,128,000 |
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 | 220 | $89,520,000 | $415,866 | $5,493,000 | $330,933 | $4,400,000 |
| Not applicable | 58 | $79,424,000 | $3,001,250 | $12,080,000 | $0 | $0 |
| Black or African American | 20 | $8,077,000 | $662,666 | $2,385,000 | $3,654,666 | $8,000,000 |
| Hispanic | 10 | $3,118,000 | $372,000 | $700,000 | $155,500 | $631,000 |
| Asian | 6 | $2,571,000 | $465,000 | $700,000 | $225,000 | $390,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 314 | $182,710,000 | $475,125 | $12,080,000 | $354,875 | $8,000,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 310 | $181,411,000 | $475,375 | $12,080,000 | $355,000 | $8,000,000 |
| Application Denied By Financial Institution | 2 | $1,044,000 | $522,000 | $700,000 | $308,000 | $390,000 |
| Application Withdrawn By Applicant | 2 | $255,000 | $127,000 | $217,000 | $116,000 | $127,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 1 | $700,000 | $700,000 | $700,000 | $390,000 | $390,000 |
| Collateral | 1 | $344,000 | $344,000 | $344,000 | $226,000 | $226,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 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 The Privatebank and Trust Co.'s 2005 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 Privatebank and 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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with aggregated HMDA statistics today.
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