Applications / Mortgage Analytics / Lenders / Illinois / The Federal Savings Bank
Chicago, IL · Savings institution · OCC · $1.1 billion assets · 8,296 loans in 2025
The Federal Savings Bank's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
8,296
loans originated, 2025
20,930
applications, 2025
51
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
The Federal Savings Bank is a nationwide VA lender: 50.1% of its 2025 loans were guaranteed by the Department of Veterans Affairs, and most were refinances.
Similar lenders are savings institutions making between a quarter and four times as many loans. VA loans (guaranteed by the Department of Veterans Affairs) rose to 50.1% from 46.6%, against 1.2% for the typical peer, and FHA loans (insured by the Federal Housing Administration) were 12.5%; its conventional share of 37.2% is among the lowest tenth. Refinances were 54.3% of loans.
It lent in 1,455 counties, ranking 54 of 902 in Chicago, where it is based, and 61 of 802 in New York. It entered New York in 2002 and Chicago in 2003.
Its 8,296 loans rose 2%, against 16% for the typical similar lender and 10% for the market, and are less than a quarter of the 36,492 made in 2020. A book weighted to refinancing may swing more with rates than one built on purchases.
31.3% of its loans went to LMI (low- and moderate-income) borrowers and 25.3% were in majority-minority areas, each higher than about nine in ten similar lenders. Higher-priced loans (a rate well above the average for similar loans) fell to 3.1% from 6.2%, still above the typical peer's 0.4%; its large FHA share, a product often priced higher, could explain much of that.
Questions the data can answer next
Similar lenders: same lender type, originations between a quarter and four times the lender's. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. The Federal Savings Bank took 20,930 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 54.3% · Purchase 41.2% · Home improvement 2.5% · Other 2.0%
VA 50.1% · Conventional 37.2% · FHA 12.5% · USDA (RHS or FSA) 0.2% · of 8,296 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Illinois | 809 | 9.8% |
| New York | 620 | 7.5% |
| New Jersey | 552 | 6.7% |
| Virginia | 437 | 5.3% |
| North Carolina | 413 | 5.0% |
| Ohio | 408 | 4.9% |
| Florida | 397 | 4.8% |
| Pennsylvania | 379 | 4.6% |
| Georgia | 356 | 4.3% |
| California | 265 | 3.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Chicago-Naperville-Schaumburg | 591 |
| New York-Jersey City-White Plains | 397 |
| Lakewood-New Brunswick | 347 |
| Atlanta-Sandy Springs-Roswell | 161 |
| Nassau County-Suffolk County | 143 |
| Arlington-Alexandria-Reston | 139 |
| Virginia Beach-Chesapeake-Norfolk | 136 |
| Philadelphia | 122 |
| Phoenix-Mesa-Chandler | 105 |
| Baltimore-Columbia-Towson | 97 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300BX448ALT10FI43 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 2806877 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 416195 | 2002–2010 |
| Respondent ID (the HMDA filer code before 2018) | 1716195 | 2011–2016 |
Established 3 July 2000. Reported under HMDA 2002-2025.
Mergers, name changes, data editions and corrections: The Federal Savings Bank's data.
The Federal Savings Bank's data
$215
The Federal Savings Bank and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
Buy The Federal Savings Bank's data, $215Jenner Mortgage Analytics: all the data
$2,110
Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
Buy the data, $2,110Jenner, the SAS-compatible software
See prices
Jenner runs programs written in the SAS language. It drew every chart on these pages and fitted the fair-lending model, PROC GLIMMIX on 3.5 million applications. Run the programs that come with the data, or your own.
Get JennerQuestions, or the data and Jenner together: [email protected]