West Town Bank & Trust Mortgage Lending & HMDA Data, 2016
In 2016, West Town Bank & Trust of North Riverside, IL reported 850 mortgage applications totaling $238.5 million, down 46% from 2015. The average application was for $280,641, and applicants reported an average income of $100,949. 76% of its applications resulted in an originated loan and 3% were denied. Its largest markets were New York-Jersey City-White Plains, NY-NJ (180), Boise City, ID (60) and Baltimore-Columbia-Towson, MD (57) (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 | 850 |
| Total Mortgage Loan Application Amount | $238,545,000 |
| Average Mortgage Loan Application Amount | $280,641 |
| Highest Mortgage Loan Application Amount | $2,800,000 |
| Average Applicant Income | $100,949 |
| Highest Applicant Income | $1,460,000 |
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(HMDA) records West Town Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2016
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 | 474 | $132,863,000 | $280,000 | $944,000 | $108,000 | $943,000 |
| Refinancing | 353 | $100,563,000 | $284,000 | $2,800,000 | $92,000 | $1,460,000 |
| Home Improvement | 23 | $5,119,000 | $222,000 | $653,000 | $93,000 | $225,000 |
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 | 605 | $179,760,000 | $297,000 | $2,800,000 | $112,000 | $1,460,000 |
| Not Provided | 82 | $18,599,000 | $226,000 | $626,000 | $85,000 | $368,000 |
| Black or African American | 80 | $16,475,000 | $205,000 | $629,000 | $78,000 | $238,000 |
| Hispanic | 45 | $10,905,000 | $242,000 | $625,000 | $78,000 | $325,000 |
| Not applicable | 29 | $9,417,000 | $324,000 | $828,000 | $0 | $0 |
| Asian | 8 | $3,224,000 | $403,000 | $1,325,000 | $155,000 | $533,000 |
| American Indian or Alaskan Native | 1 | $165,000 | $165,000 | $165,000 | $41,000 | $41,000 |
| Native Hawaiin 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) | 475 | $141,821,000 | $298,000 | $2,800,000 | $127,000 | $1,460,000 |
| FHA-insured (Federal Housing Administration) | 178 | $44,895,000 | $252,000 | $727,000 | $68,000 | $246,000 |
| VA-guaranteed (Veterans Administration) | 177 | $49,387,000 | $279,000 | $758,000 | $71,000 | $342,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 20 | $2,442,000 | $122,000 | $201,000 | $44,000 | $91,000 |
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 | 646 | $180,994,000 | $280,000 | $828,000 | $103,000 | $1,460,000 |
| Application Withdrawn By Applicant | 83 | $20,611,000 | $248,000 | $1,325,000 | $94,000 | $533,000 |
| File Closed For Incompleteness | 40 | $9,775,000 | $244,000 | $626,000 | $87,000 | $197,000 |
| Application Approved But Not Accepted | 31 | $9,278,000 | $299,000 | $944,000 | $166,000 | $727,000 |
| Application Denied By Financial Institution | 28 | $9,973,000 | $356,000 | $2,800,000 | $88,000 | $840,000 |
| Loan Purchased By The Institution | 22 | $7,914,000 | $359,000 | $770,000 | $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 |
|---|---|---|---|---|---|---|
| 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 2016 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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