West Town Bank & Trust Mortgage Lending & HMDA Data, 2022
In 2022, West Town Bank & Trust of North Riverside, IL reported 334 mortgage applications totaling $102.6 million, down 46% from 2021. The average application was for $307,275, and applicants reported an average income of $111,556. 87% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Baltimore-Columbia-Towson, MD (99), Chicago-Naperville, IL (21) and New Orleans-Metairie, LA (13) (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 | 334 |
| Total Mortgage Loan Application Amount | $102,630,000 |
| Average Mortgage Loan Application Amount | $307,275 |
| Highest Mortgage Loan Application Amount | $785,000 |
| Average Applicant Income | $111,556 |
| Highest Applicant Income | $640,000 |
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(HMDA) records West Town Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2022
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 | 272 | $84,990,000 | $312,000 | $785,000 | $109,000 | $640,000 |
| Cash-out Refinancing | 32 | $8,940,000 | $279,000 | $755,000 | $142,000 | $529,000 |
| Refinancing | 22 | $6,810,000 | $309,000 | $685,000 | $110,000 | $189,000 |
| Home Improvement | 8 | $1,890,000 | $236,000 | $425,000 | $81,000 | $123,000 |
| 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 | 211 | $66,415,000 | $314,000 | $785,000 | $120,000 | $529,000 |
| Asian | 55 | $16,765,000 | $304,000 | $615,000 | $90,000 | $640,000 |
| Black or African American | 22 | $5,110,000 | $232,000 | $725,000 | $96,000 | $166,000 |
| Not Provided | 15 | $5,085,000 | $339,000 | $585,000 | $113,000 | $234,000 |
| Hispanic | 14 | $4,260,000 | $304,000 | $585,000 | $98,000 | $310,000 |
| Not applicable | 12 | $3,530,000 | $294,000 | $705,000 | $0 | $0 |
| American Indian or Alaskan Native | 4 | $1,180,000 | $295,000 | $445,000 | $96,000 | $160,000 |
| Native Hawaiian 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) | 181 | $49,845,000 | $275,000 | $705,000 | $123,000 | $640,000 |
| VA-guaranteed (Veterans Administration) | 110 | $42,420,000 | $385,000 | $785,000 | $109,000 | $293,000 |
| FHA-insured (Federal Housing Administration) | 38 | $9,150,000 | $240,000 | $395,000 | $71,000 | $120,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 5 | $1,215,000 | $243,000 | $315,000 | $68,000 | $108,000 |
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 | 291 | $90,535,000 | $311,000 | $785,000 | $111,000 | $640,000 |
| Application Withdrawn By Applicant | 26 | $7,060,000 | $271,000 | $575,000 | $121,000 | $494,000 |
| Application Approved But Not Accepted | 9 | $2,085,000 | $231,000 | $615,000 | $92,000 | $136,000 |
| Application Denied By Financial Institution | 7 | $2,575,000 | $367,000 | $755,000 | $99,000 | $166,000 |
| File Closed For Incompleteness | 1 | $375,000 | $375,000 | $375,000 | $116,000 | $116,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 327 | $100,055,000 | $305,000 | $785,000 | $112,000 | $640,000 |
| Other | 3 | $1,755,000 | $585,000 | $755,000 | $136,000 | $166,000 |
| Unverifiable Information | 1 | $185,000 | $185,000 | $185,000 | $23,000 | $23,000 |
| Credit History | 1 | $105,000 | $105,000 | $105,000 | $157,000 | $157,000 |
| Debt-To-Income Ratio | 1 | $205,000 | $205,000 | $205,000 | $25,000 | $25,000 |
| Mortgage Insurance Denied | 1 | $325,000 | $325,000 | $325,000 | $80,000 | $80,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into West Town Bank & Trust's 2022 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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