Story Bank dba Story Financial Partners Mortgage Lending & HMDA Data, 2014

In 2014, Story Bank dba Story Financial Partners of Jackson, MS reported 100 mortgage applications totaling $18.0 million, down 7% from 2013. The average application was for $180,320, and applicants reported an average income of $185,310. 98% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Jackson, MS (81), Daphne-Fairhope-Foley, AL (2) and Columbia, SC (1) (applications in parentheses).

Mortgage Company & Address Story Bank dba Story Financial Partners
1300 Meadowbrook Road
Jackson, MS 39211
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 100
Total Mortgage Loan Application Amount $18,032,000
Average Mortgage Loan Application Amount $180,320
Highest Mortgage Loan Application Amount $1,560,000
Average Applicant Income $185,310
Highest Applicant Income $2,503,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Story Bank dba Story Financial Partners filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Story Bank dba Story Financial Partners by County in 2014

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Hinds, Mississippi 60 $ 8,466,000 $ 141,100 $ 82,000
Madison, Mississippi 12 $ 3,890,000 $ 324,166 $ 446,000
Rankin, Mississippi 9 $ 1,133,000 $ 125,888 $ 35,000
Lafayette, Mississippi 6 $ 1,566,000 $ 261,000 $ 685,000
Baldwin, Alabama 2 $ 507,000 $ 253,500 $ 0
Pitkin, Colorado 1 $ 701,000 $ 701,000 $ 0
Escambia, Florida 1 $ 197,000 $ 197,000 $ 0
Walton, Florida 1 $ 42,000 $ 42,000 $ 346,000
Madison, Louisiana 1 $ 250,000 $ 250,000 $ 51,000
Orleans, Louisiana 1 $ 368,000 $ 368,000 $ 174,000
Harrison, Mississippi 1 $ 156,000 $ 156,000 $ 179,000
Jasper, Mississippi 1 $ 66,000 $ 66,000 $ 174,000
Noxubee, Mississippi 1 $ 200,000 $ 200,000 $ 425,000
Oktibbeha, Mississippi 1 $ 69,000 $ 69,000 $ 1,048,000
Lexington, South Carolina 1 $ 321,000 $ 321,000 $ 136,000
Davidson, Tennessee 1 $ 100,000 $ 100,000 $ 1,264,000

Mortgage Loan Application Detail Totals for Story Bank dba Story Financial Partners in 2014

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 59 $9,375,000 $158,000 $701,000 $161,000 $2,149,000
Home Purchase 34 $7,066,000 $207,000 $1,560,000 $201,000 $2,503,000
Home Improvement 7 $1,591,000 $227,000 $500,000 $314,000 $766,000

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
Not applicable 49 $8,803,000 $179,000 $1,560,000 $0 $0
White 41 $8,320,000 $202,000 $694,000 $443,000 $2,503,000
Black or African American 9 $717,000 $79,000 $91,000 $25,000 $36,000
Not Provided 1 $192,000 $192,000 $192,000 $171,000 $171,000
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) 100 $18,032,000 $180,000 $1,560,000 $185,000 $2,503,000
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 98 $16,280,000 $166,000 $701,000 $187,000 $2,503,000
Application Withdrawn By Applicant 2 $1,752,000 $876,000 $1,560,000 $85,000 $171,000
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
Application Approved But Not Accepted 0 $0 $0 $0 $0 $0
Application Denied By Financial Institution 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
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0
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
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Story Bank dba Story Financial Partners's 2014 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 Story Bank dba Story Financial Partners'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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