West Town Bank & Trust Mortgage Lending & HMDA Data, 2018
In 2018, West Town Bank & Trust of North Riverside, IL reported 342 mortgage applications totaling $81.7 million, down 32% from 2017. The average application was for $238,771, and applicants reported an average income of $90,347. 73% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Baltimore-Columbia-Towson, MD (90), Chicago-Naperville-Arlington Heights, IL (52) and Tampa-St. Petersburg-Clearwater, FL (19) (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 | 342 |
| Total Mortgage Loan Application Amount | $81,660,000 |
| Average Mortgage Loan Application Amount | $238,771 |
| Highest Mortgage Loan Application Amount | $2,205,000 |
| Average Applicant Income | $90,347 |
| Highest Applicant Income | $429,000 |
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(HMDA) records West Town Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2018
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 | 269 | $60,165,000 | $223,000 | $1,505,000 | $84,000 | $429,000 |
| Refinancing | 43 | $15,025,000 | $349,000 | $2,205,000 | $131,000 | $375,000 |
| Cash-out Refinancing | 30 | $6,470,000 | $215,000 | $695,000 | $89,000 | $347,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 214 | $49,600,000 | $231,000 | $695,000 | $93,000 | $429,000 |
| Not Provided | 58 | $12,410,000 | $213,000 | $505,000 | $72,000 | $190,000 |
| Not applicable | 54 | $15,880,000 | $294,000 | $2,205,000 | $0 | $0 |
| Black or African American | 13 | $2,685,000 | $206,000 | $425,000 | $74,000 | $108,000 |
| Hispanic | 3 | $1,085,000 | $361,000 | $695,000 | $163,000 | $375,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 187 | $46,225,000 | $247,000 | $2,205,000 | $107,000 | $429,000 |
| FHA-insured (Federal Housing Administration) | 74 | $15,840,000 | $214,000 | $545,000 | $66,000 | $198,000 |
| VA-guaranteed (Veterans Administration) | 62 | $16,050,000 | $258,000 | $505,000 | $81,000 | $192,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 19 | $3,545,000 | $186,000 | $395,000 | $60,000 | $93,000 |
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 | 249 | $59,795,000 | $240,000 | $2,205,000 | $88,000 | $429,000 |
| Application Withdrawn By Applicant | 40 | $11,200,000 | $280,000 | $1,505,000 | $89,000 | $213,000 |
| Loan Purchased By The Institution | 38 | $7,750,000 | $203,000 | $485,000 | $0 | $0 |
| Application Denied By Financial Institution | 11 | $2,315,000 | $210,000 | $505,000 | $72,000 | $132,000 |
| File Closed For Incompleteness | 3 | $465,000 | $155,000 | $235,000 | $142,000 | $258,000 |
| Application Approved But Not Accepted | 1 | $135,000 | $135,000 | $135,000 | $28,000 | $28,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 331 | $79,345,000 | $239,000 | $2,205,000 | $89,000 | $429,000 |
| Collateral | 4 | $650,000 | $162,000 | $245,000 | $61,000 | $108,000 |
| Debt-To-Income Ratio | 3 | $475,000 | $158,000 | $225,000 | $29,000 | $29,000 |
| Employment History | 1 | $505,000 | $505,000 | $505,000 | $132,000 | $132,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $195,000 | $195,000 | $195,000 | $60,000 | $60,000 |
| Credit History | 1 | $195,000 | $195,000 | $195,000 | $66,000 | $66,000 |
| Unverifiable Information | 1 | $295,000 | $295,000 | $295,000 | $114,000 | $114,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into West Town Bank & Trust's 2018 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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