Carolina National Bank & Trust Mortgage Lending & HMDA Data, 2007
In 2007, Carolina National Bank & Trust of Columbia, SC reported 87 mortgage applications totaling $13.3 million, down 11% from 2006. The average application was for $152,321, and applicants reported an average income of $74,448. 94% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Columbia, SC (62), Myrtle Beach-Conway-North Myrtle Beach, SC (5) and Greenville-Mauldin-Easley, SC (4) (applications in parentheses).
| Mortgage Company & Address | Carolina National Bank & Trust 1350 Main Street Columbia, SC 29201 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 87 |
| Total Mortgage Loan Application Amount | $13,252,000 |
| Average Mortgage Loan Application Amount | $152,321 |
| Highest Mortgage Loan Application Amount | $1,302,000 |
| Average Applicant Income | $74,448 |
| Highest Applicant Income | $597,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Carolina National Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Columbia, SC | 62 | $ 6,958,000 | $ 112,225 | $ 60,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 5 | $ 1,852,000 | $ 370,400 | $ 167,000 |
| Greenville-Mauldin-Easley, SC | 4 | $ 259,000 | $ 64,750 | $ 44,000 |
| Charleston-North Charleston, SC | 1 | $ 278,000 | $ 278,000 | $ 72,000 |
| Florence, SC | 1 | $ 44,000 | $ 44,000 | $ 36,000 |
| Spartanburg, SC | 1 | $ 100,000 | $ 100,000 | $ 60,000 |
| Sumter, SC | 1 | $ 78,000 | $ 78,000 | $ 147,000 |
Mortgage Loan Application Detail Totals for Carolina National Bank & Trust in 2007
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 | 69 | $10,286,000 | $149,000 | $1,302,000 | $82,000 | $597,000 |
| Refinancing | 9 | $2,333,000 | $259,000 | $1,233,000 | $20,000 | $72,000 |
| Home Improvement | 9 | $633,000 | $70,000 | $280,000 | $71,000 | $220,000 |
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 | 49 | $4,807,000 | $98,000 | $280,000 | $118,000 | $597,000 |
| Not applicable | 30 | $7,727,000 | $257,000 | $1,302,000 | $0 | $0 |
| Black or African American | 6 | $710,000 | $118,000 | $250,000 | $108,000 | $163,000 |
| Not Provided | 2 | $8,000 | $4,000 | $5,000 | $33,000 | $41,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 87 | $13,252,000 | $152,000 | $1,302,000 | $75,000 | $597,000 |
| 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 | 82 | $12,528,000 | $152,000 | $1,302,000 | $74,000 | $597,000 |
| Application Denied By Financial Institution | 5 | $724,000 | $144,000 | $278,000 | $86,000 | $220,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 2 | $8,000 | $4,000 | $5,000 | $33,000 | $41,000 |
| Other | 2 | $438,000 | $219,000 | $250,000 | $148,000 | $220,000 |
| Debt-To-Income Ratio | 1 | $278,000 | $278,000 | $278,000 | $72,000 | $72,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 Carolina National Bank & Trust's 2007 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 Carolina National 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.
For a list of all lenders in South Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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