Bank of Star City Mortgage Lending & HMDA Data, 2010
In 2010, Bank of Star City of Star City, AR reported 121 mortgage applications totaling $5.1 million, up 42% from 2009. The average application was for $42,355, and applicants reported an average income of $52,016. 69% of its applications resulted in an originated loan and 29% were denied. Its largest markets were Pine Bluff, AR (94), Little Rock-North Little Rock-Conway, AR (8) and Hot Springs, AR (3) (applications in parentheses).
| Mortgage Company & Address | Bank of Star City P.O. Box 69 Star City, AR 71667 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 | 121 |
| Total Mortgage Loan Application Amount | $5,125,000 |
| Average Mortgage Loan Application Amount | $42,355 |
| Highest Mortgage Loan Application Amount | $415,000 |
| Average Applicant Income | $52,016 |
| Highest Applicant Income | $219,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bank of Star City filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Pine Bluff, AR | 94 | $ 3,273,000 | $ 34,819 | $ 48,000 |
| Little Rock-North Little Rock-Conway, AR | 8 | $ 872,000 | $ 109,000 | $ 40,000 |
| Hot Springs, AR | 3 | $ 289,000 | $ 96,333 | $ 99,000 |
Mortgage Loan Application Detail Totals for Bank of Star City in 2010
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 | 63 | $2,840,000 | $45,000 | $280,000 | $56,000 | $219,000 |
| Refinancing | 32 | $1,547,000 | $48,000 | $415,000 | $45,000 | $96,000 |
| Home Improvement | 26 | $738,000 | $28,000 | $126,000 | $51,000 | $112,000 |
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 | 91 | $3,324,000 | $36,000 | $188,000 | $62,000 | $219,000 |
| Black or African American | 17 | $827,000 | $48,000 | $280,000 | $40,000 | $109,000 |
| Not applicable | 12 | $966,000 | $80,000 | $415,000 | $0 | $0 |
| Hispanic | 1 | $8,000 | $8,000 | $8,000 | $29,000 | $29,000 |
| 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 |
| Not Provided | 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) | 121 | $5,125,000 | $42,000 | $415,000 | $52,000 | $219,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 | 83 | $3,659,000 | $44,000 | $415,000 | $55,000 | $177,000 |
| Application Denied By Financial Institution | 35 | $1,347,000 | $38,000 | $280,000 | $43,000 | $219,000 |
| Application Withdrawn By Applicant | 3 | $119,000 | $39,000 | $45,000 | $74,000 | $109,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 29 | $902,000 | $31,000 | $85,000 | $44,000 | $219,000 |
| Debt-To-Income Ratio | 5 | $165,000 | $33,000 | $75,000 | $41,000 | $122,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $280,000 | $280,000 | $280,000 | $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 |
| Employment History | 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 Bank of Star City's 2010 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 Bank of Star City'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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with aggregated HMDA statistics today.
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