West Town Bank & Trust Mortgage Lending & HMDA Data, 2014
In 2014, West Town Bank & Trust of North Riverside, IL reported 1,586 mortgage applications totaling $338.3 million, down 31% from 2013. The average application was for $213,289, and applicants reported an average income of $50,530. 75% of its applications resulted in an originated loan and 4% were denied. Its largest markets were New York-Jersey City-White Plains, NY-NJ (167), Baltimore-Columbia-Towson, MD (70) and Chicago-Naperville-Arlington Heights, IL (58) (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 | 1,586 |
| Total Mortgage Loan Application Amount | $338,277,000 |
| Average Mortgage Loan Application Amount | $213,289 |
| Highest Mortgage Loan Application Amount | $1,255,000 |
| Average Applicant Income | $50,530 |
| Highest Applicant Income | $1,566,000 |
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(HMDA) records West Town Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2014
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 | 1,079 | $222,933,000 | $206,000 | $1,255,000 | $32,000 | $1,534,000 |
| Home Purchase | 506 | $115,298,000 | $227,000 | $780,000 | $90,000 | $1,566,000 |
| Home Improvement | 1 | $46,000 | $46,000 | $46,000 | $74,000 | $74,000 |
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 | 1,090 | $238,187,000 | $218,000 | $1,255,000 | $60,000 | $1,566,000 |
| Black or African American | 212 | $42,879,000 | $202,000 | $1,000,000 | $26,000 | $306,000 |
| Not Provided | 86 | $18,120,000 | $210,000 | $626,000 | $39,000 | $393,000 |
| Not applicable | 84 | $13,168,000 | $156,000 | $691,000 | $4,000 | $406,000 |
| Hispanic | 84 | $17,181,000 | $204,000 | $626,000 | $45,000 | $1,097,000 |
| Asian | 22 | $6,166,000 | $280,000 | $417,000 | $72,000 | $406,000 |
| Native Hawaiian or Other Pacific Islander | 7 | $2,486,000 | $355,000 | $641,000 | $16,000 | $114,000 |
| American Indian or Alaskan Native | 1 | $90,000 | $90,000 | $90,000 | $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) | 646 | $122,561,000 | $189,000 | $641,000 | $13,000 | $189,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 515 | $129,801,000 | $252,000 | $1,255,000 | $111,000 | $1,566,000 |
| FHA-insured (Federal Housing Administration) | 401 | $82,399,000 | $205,000 | $594,000 | $32,000 | $254,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 24 | $3,516,000 | $146,000 | $284,000 | $49,000 | $89,000 |
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 | 1,185 | $250,757,000 | $211,000 | $780,000 | $50,000 | $1,566,000 |
| Application Withdrawn By Applicant | 194 | $42,805,000 | $220,000 | $1,255,000 | $63,000 | $927,000 |
| Application Denied By Financial Institution | 66 | $13,117,000 | $198,000 | $598,000 | $50,000 | $250,000 |
| File Closed For Incompleteness | 64 | $13,577,000 | $212,000 | $560,000 | $58,000 | $475,000 |
| Loan Purchased By The Institution | 46 | $11,165,000 | $242,000 | $691,000 | $8,000 | $406,000 |
| Application Approved But Not Accepted | 31 | $6,856,000 | $221,000 | $555,000 | $50,000 | $193,000 |
| 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 2014 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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