Cross County Bank Mortgage Lending & HMDA Data, 2018
In 2018, Cross County Bank of Wynne, AR reported 97 mortgage applications totaling $14.3 million, down 25% from 2017. The average application was for $147,577, and applicants reported an average income of $180,938. 86% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Jonesboro, AR (25), Fayetteville-Springdale-Rogers, AR-MO (2) and Memphis, TN-MS-AR (1) (applications in parentheses).
| Mortgage Company & Address | Cross County Bank P. O. Box 9 Wynne, AR 72396 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2004 |
| Total Number of Mortgage Applications | 97 |
| Total Mortgage Loan Application Amount | $14,315,000 |
| Average Mortgage Loan Application Amount | $147,577 |
| Highest Mortgage Loan Application Amount | $1,605,000 |
| Average Applicant Income | $180,938 |
| Highest Applicant Income | $1,613,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Cross County Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Cross County Bank in 2018
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 | 44 | $8,490,000 | $192,000 | $1,605,000 | $220,000 | $1,613,000 |
| Home Purchase | 42 | $5,390,000 | $128,000 | $685,000 | $163,000 | $643,000 |
| Home Improvement | 10 | $430,000 | $43,000 | $95,000 | $99,000 | $226,000 |
| Other Purpose | 1 | $5,000 | $5,000 | $5,000 | $35,000 | $35,000 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 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 | 56 | $5,830,000 | $104,000 | $1,605,000 | $192,000 | $1,613,000 |
| Not applicable | 35 | $7,995,000 | $228,000 | $1,095,000 | $0 | $0 |
| Black or African American | 6 | $490,000 | $81,000 | $165,000 | $61,000 | $104,000 |
| 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 |
| 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) | 96 | $14,030,000 | $146,000 | $1,605,000 | $173,000 | $1,613,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $285,000 | $285,000 | $285,000 | $522,000 | $522,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | $11,655,000 | $140,000 | $1,605,000 | $191,000 | $1,613,000 |
| Application Denied By Financial Institution | 9 | $815,000 | $90,000 | $285,000 | $123,000 | $522,000 |
| Application Approved But Not Accepted | 4 | $1,750,000 | $437,000 | $895,000 | $33,000 | $33,000 |
| Application Withdrawn By Applicant | 1 | $95,000 | $95,000 | $95,000 | $104,000 | $104,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 97 | $14,315,000 | $147,000 | $1,605,000 | $179,000 | $1,613,000 |
| 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 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 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 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cross County Bank's 2018 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 Cross County 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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