West Town Bank & Trust Mortgage Lending & HMDA Data, 2012
In 2012, West Town Bank & Trust of North Riverside, IL reported 2,623 mortgage applications totaling $623.9 million, up 35% from 2011. The average application was for $237,847, and applicants reported an average income of $69,343. 74% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Edison-New Brunswick, NJ (207), Baltimore-Towson, MD (157) and Washington-Arlington-Alexandria, DC-VA-MD-WV (148) (applications in parentheses).
| Mortgage Company & Address | West Town Bank & Trust 7820 W 26th Street North Riverside, IL 60546 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 2,623 |
| Total Mortgage Loan Application Amount | $623,875,000 |
| Average Mortgage Loan Application Amount | $237,847 |
| Highest Mortgage Loan Application Amount | $1,500,000 |
| Average Applicant Income | $69,343 |
| Highest Applicant Income | $1,408,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records West Town Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 West Town Bank & Trust in 2012
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 | 2,125 | $514,620,000 | $242,000 | $1,500,000 | $64,000 | $981,000 |
| Home Purchase | 472 | $107,624,000 | $228,000 | $743,000 | $97,000 | $1,408,000 |
| Home Improvement | 26 | $1,631,000 | $62,000 | $238,000 | $4,000 | $120,000 |
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 | 1,844 | $448,140,000 | $243,000 | $1,500,000 | $76,000 | $1,408,000 |
| Black or African American | 331 | $72,211,000 | $218,000 | $745,000 | $37,000 | $500,000 |
| Hispanic | 200 | $44,155,000 | $220,000 | $568,000 | $46,000 | $958,000 |
| Asian | 135 | $38,575,000 | $285,000 | $909,000 | $105,000 | $353,000 |
| Not Provided | 41 | $9,070,000 | $221,000 | $455,000 | $80,000 | $310,000 |
| Not applicable | 32 | $2,072,000 | $64,000 | $238,000 | $0 | $0 |
| American Indian or Alaskan Native | 21 | $3,833,000 | $182,000 | $750,000 | $132,000 | $250,000 |
| Native Hawaiian or Other Pacific Islander | 19 | $5,819,000 | $306,000 | $443,000 | $21,000 | $152,000 |
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) | 1,175 | $291,184,000 | $247,000 | $1,500,000 | $125,000 | $1,408,000 |
| VA-guaranteed (Veterans Administration) | 937 | $212,208,000 | $226,000 | $750,000 | $8,000 | $260,000 |
| FHA-insured (Federal Housing Administration) | 509 | $120,109,000 | $235,000 | $909,000 | $52,000 | $520,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $374,000 | $187,000 | $210,000 | $44,000 | $46,000 |
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 | 1,936 | $459,455,000 | $237,000 | $743,000 | $64,000 | $1,218,000 |
| Application Denied By Financial Institution | 308 | $70,813,000 | $229,000 | $1,238,000 | $80,000 | $958,000 |
| Application Withdrawn By Applicant | 261 | $67,082,000 | $257,000 | $1,500,000 | $96,000 | $1,408,000 |
| File Closed For Incompleteness | 104 | $23,300,000 | $224,000 | $909,000 | $80,000 | $981,000 |
| Application Approved But Not Accepted | 13 | $2,599,000 | $199,000 | $327,000 | $0 | $0 |
| Loan Purchased By The Institution | 1 | $626,000 | $626,000 | $626,000 | $330,000 | $330,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 West Town Bank & Trust's 2012 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 West Town Bank & Trust'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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