Frances Slocum Bank C/O Fmc Mortgage Lending & HMDA Data, 2003
In 2003, Frances Slocum Bank C/O Fmc of Muncie, IN reported 156 mortgage applications totaling $11.3 million. The average application was for $72,685, and applicants reported an average income of $54,019. 39% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Kokomo, IN (35), Fort Wayne, IN (2) and Indianapolis, IN (2) (applications in parentheses).
| Mortgage Company & Address | Frances Slocum Bank C/O Fmc 200 E Jackson St Muncie, IN 47308 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2003 |
| Total Number of Mortgage Applications | 156 |
| Total Mortgage Loan Application Amount | $11,339,000 |
| Average Mortgage Loan Application Amount | $72,685 |
| Highest Mortgage Loan Application Amount | $385,000 |
| Average Applicant Income | $54,019 |
| Highest Applicant Income | $224,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Frances Slocum Bank C/O Fmc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Wabash, Indiana | 57 | $ 3,485,000 | $ 61,140 | $ 46,000 |
| Miami, Indiana | 40 | $ 2,552,000 | $ 63,800 | $ 57,000 |
| Howard, Indiana | 34 | $ 3,094,000 | $ 91,000 | $ 54,000 |
| Cass, Indiana | 6 | $ 488,000 | $ 81,333 | $ 56,000 |
| Kosciusko, Indiana | 4 | $ 552,000 | $ 138,000 | $ 65,000 |
| Grant, Indiana | 3 | $ 271,000 | $ 90,333 | $ 93,000 |
| Steuben, Indiana | 2 | $ 226,000 | $ 113,000 | $ 81,000 |
| Wells, Indiana | 2 | $ 62,000 | $ 31,000 | $ 58,000 |
| Highlands, Florida | 1 | $ 33,000 | $ 33,000 | $ 36,000 |
| Carroll, Indiana | 1 | $ 79,000 | $ 79,000 | $ 59,000 |
| Fulton, Indiana | 1 | $ 23,000 | $ 23,000 | $ 37,000 |
| Hancock, Indiana | 1 | $ 140,000 | $ 140,000 | $ 79,000 |
| Marion, Indiana | 1 | $ 80,000 | $ 80,000 | $ 0 |
| Martin, Indiana | 1 | $ 92,000 | $ 92,000 | $ 3,000 |
| Tipton, Indiana | 1 | $ 77,000 | $ 77,000 | $ 92,000 |
| White, Indiana | 1 | $ 85,000 | $ 85,000 | $ 43,000 |
Mortgage Loan Application Detail Totals for Frances Slocum Bank C/O Fmc in 2003
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 (home purchase or home improvement, one-to-four family) | 85 | $7,830,000 | $92,000 | $385,000 | $59,000 | $224,000 |
| Home Purchase (one-to-four family) | 37 | $2,338,000 | $48,500 | $188,000 | $46,000 | $138,000 |
| Home Improvement (one-to-four family) | 34 | $1,171,000 | $34,000 | $110,000 | $40,000 | $93,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 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 | 153 | $11,044,000 | $52,500 | $385,000 | $45,500 | $224,000 |
| Not applicable | 1 | $114,000 | $114,000 | $114,000 | $0 | $0 |
| Asian or Pacific Islander | 1 | $111,000 | $111,000 | $111,000 | $122,000 | $122,000 |
| Hispanic | 1 | $70,000 | $70,000 | $70,000 | $93,000 | $93,000 |
| Information not provided by applicant in mail or telephone application | 0 | $0 | $0 | $0 | $0 | $0 |
| Black | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 156 | $11,339,000 | $52,500 | $385,000 | $46,000 | $224,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 65 | $6,190,000 | $95,000 | $385,000 | $74,000 | $224,000 |
| Loan Originated | 61 | $2,832,000 | $39,500 | $188,000 | $44,000 | $138,000 |
| Application Denied By Financial Institution | 30 | $2,317,000 | $77,000 | $200,000 | $46,000 | $120,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 | 18 | $1,282,000 | $71,000 | $140,000 | $47,000 | $92,000 |
| Collateral | 4 | $304,000 | $76,000 | $103,000 | $66,000 | $99,000 |
| Debt-To-Income Ratio | 3 | $364,000 | $121,000 | $200,000 | $52,000 | $120,000 |
| Other | 3 | $208,000 | $69,000 | $126,000 | $37,000 | $50,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $159,000 | $79,000 | $80,000 | $29,000 | $59,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Frances Slocum Bank C/O Fmc's 2003 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 Frances Slocum Bank C/O Fmc'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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