Bancorpsouth Bank Mortgage Lending & HMDA Data, 2004
In 2004, Bancorpsouth Bank of Tupelo, MS reported 19,390 mortgage applications totaling $1.8 billion, down 24% from 2003. The average application was for $93,388, and applicants reported an average income of $65,683. 74% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Jackson, MS (1,968), Gulfport-Biloxi, MS (975) and Fort Smith, AR-OK (956) (applications in parentheses).
| Mortgage Company & Address | Bancorpsouth Bank P O Box 789 Tupelo, MS 38802 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 19,390 |
| Total Mortgage Loan Application Amount | $1,810,800,000 |
| Average Mortgage Loan Application Amount | $93,388 |
| Highest Mortgage Loan Application Amount | $7,700,000 |
| Average Applicant Income | $65,683 |
| Highest Applicant Income | $8,594,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bancorpsouth Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Bancorpsouth Bank in 2004
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 | 8,461 | $775,893,000 | $140,357 | $2,091,000 | $253,714 | $8,594,000 |
| Home Purchase | 8,245 | $904,680,000 | $152,588 | $7,700,000 | $110,705 | $3,961,000 |
| Home Improvement | 2,684 | $130,227,000 | $81,307 | $680,000 | $66,230 | $8,594,000 |
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 | 15,131 | $1,424,240,000 | $144,090 | $2,091,000 | $164,090 | $8,594,000 |
| Black or African American | 2,598 | $163,610,000 | $86,631 | $1,500,000 | $64,684 | $8,000,000 |
| Not applicable | 1,001 | $166,596,000 | $373,909 | $7,700,000 | $363 | $240,000 |
| Hispanic | 383 | $24,539,000 | $64,625 | $657,000 | $65,125 | $1,103,000 |
| Asian | 206 | $23,454,000 | $134,222 | $600,000 | $123,888 | $850,000 |
| American Indian or Alaskan Native | 42 | $4,571,000 | $122,857 | $1,120,000 | $75,571 | $314,000 |
| Not Provided | 21 | $2,844,000 | $163,200 | $360,000 | $63,000 | $153,000 |
| Native Hawaiian or Other Pacific Islander | 8 | $946,000 | $129,800 | $242,000 | $88,600 | $125,000 |
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) | 16,983 | $1,589,900,000 | $165,060 | $7,700,000 | $129,818 | $8,594,000 |
| FHA-insured (Federal Housing Administration) | 1,995 | $174,782,000 | $89,000 | $229,000 | $47,533 | $772,000 |
| VA-guaranteed (Veterans Administration) | 412 | $46,118,000 | $106,562 | $275,000 | $43,437 | $170,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 14,358 | $1,337,259,000 | $164,210 | $7,700,000 | $215,842 | $8,594,000 |
| Application Denied By Financial Institution | 2,647 | $200,331,000 | $120,782 | $900,000 | $82,739 | $3,742,000 |
| Application Withdrawn By Applicant | 1,821 | $204,931,000 | $139,666 | $1,500,000 | $72,583 | $1,908,000 |
| File Closed For Incompleteness | 381 | $42,615,000 | $107,833 | $845,000 | $59,333 | $775,000 |
| Application Approved But Not Accepted | 180 | $25,333,000 | $144,666 | $683,000 | $61,444 | $355,000 |
| Loan Purchased By The Institution | 3 | $331,000 | $110,000 | $142,000 | $42,000 | $70,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 1,928 | $132,714,000 | $114,200 | $900,000 | $84,600 | $600,000 |
| Debt-To-Income Ratio | 429 | $40,446,000 | $118,545 | $685,000 | $51,636 | $616,000 |
| Collateral | 170 | $15,770,000 | $97,571 | $540,000 | $61,000 | $3,742,000 |
| Other | 95 | $9,596,000 | $96,428 | $360,000 | $54,714 | $387,000 |
| Employment History | 19 | $1,458,000 | $74,800 | $314,000 | $36,000 | $128,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $322,000 | $72,666 | $111,000 | $122,666 | $537,000 |
| Unverifiable Information | 1 | $25,000 | $25,000 | $25,000 | $114,000 | $114,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bancorpsouth Bank's 2004 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 Bancorpsouth Bank'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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