Grand Bank for Saving, Sfsb Mortgage Lending & HMDA Data, 2010
In 2010, Grand Bank for Saving, Sfsb of Hattiesburg, MS reported 1,421 mortgage applications totaling $193.1 million, up 7% from 2009. The average application was for $135,874, and applicants reported an average income of $60,759. 52% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Hattiesburg, MS (366), Jackson, MS (316) and Gulfport-Biloxi, MS (80) (applications in parentheses).
| Mortgage Company & Address | Grand Bank for Saving, Sfsb 204 Westover Drive Hattiesburg, MS 39402 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 | 1,421 |
| Total Mortgage Loan Application Amount | $193,077,000 |
| Average Mortgage Loan Application Amount | $135,874 |
| Highest Mortgage Loan Application Amount | $680,000 |
| Average Applicant Income | $60,759 |
| Highest Applicant Income | $904,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Grand Bank for Saving, Sfsb filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Hattiesburg, MS | 366 | $ 49,439,000 | $ 135,079 | $ 66,000 |
| Jackson, MS | 316 | $ 51,885,000 | $ 164,193 | $ 70,000 |
| Gulfport-Biloxi, MS | 80 | $ 11,060,000 | $ 138,250 | $ 67,000 |
| Pascagoula, MS | 52 | $ 7,564,000 | $ 145,461 | $ 70,000 |
| Birmingham-Hoover, AL | 2 | $ 380,000 | $ 190,000 | $ 58,000 |
| Memphis, TN-MS-AR | 2 | $ 336,000 | $ 168,000 | $ 32,000 |
| New Orleans-Metairie-Kenner, LA | 2 | $ 171,000 | $ 85,500 | $ 78,000 |
| Tuscaloosa, AL | 2 | $ 206,000 | $ 103,000 | $ 45,000 |
| Atlanta-Sandy Springs-Marietta, GA | 1 | $ 205,000 | $ 205,000 | $ 80,000 |
| Fort Smith, AR-OK | 1 | $ 60,000 | $ 60,000 | $ 27,000 |
| Mobile, AL | 1 | $ 260,000 | $ 260,000 | $ 91,000 |
Mortgage Loan Application Detail Totals for Grand Bank for Saving, Sfsb 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 | 1,080 | $139,369,000 | $129,000 | $680,000 | $55,000 | $904,000 |
| Refinancing | 341 | $53,708,000 | $157,000 | $417,000 | $79,000 | $476,000 |
| Home Improvement | 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 | 968 | $139,990,000 | $144,000 | $680,000 | $67,000 | $599,000 |
| Black or African American | 392 | $44,245,000 | $112,000 | $350,000 | $44,000 | $904,000 |
| Not Provided | 20 | $2,857,000 | $142,000 | $344,000 | $63,000 | $120,000 |
| Hispanic | 19 | $2,321,000 | $122,000 | $275,000 | $60,000 | $155,000 |
| Asian | 17 | $3,054,000 | $179,000 | $408,000 | $64,000 | $119,000 |
| American Indian or Alaskan Native | 4 | $443,000 | $110,000 | $150,000 | $71,000 | $101,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $167,000 | $167,000 | $167,000 | $92,000 | $92,000 |
| Not applicable | 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 660 | $84,337,000 | $127,000 | $342,000 | $53,000 | $476,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 441 | $68,531,000 | $155,000 | $680,000 | $84,000 | $904,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 260 | $30,836,000 | $118,000 | $270,000 | $41,000 | $126,000 |
| VA-guaranteed (Veterans Administration) | 60 | $9,373,000 | $156,000 | $317,000 | $65,000 | $182,000 |
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 | 734 | $108,340,000 | $147,000 | $417,000 | $66,000 | $476,000 |
| Application Denied By Financial Institution | 307 | $35,668,000 | $116,000 | $384,000 | $46,000 | $360,000 |
| Application Withdrawn By Applicant | 275 | $37,883,000 | $137,000 | $680,000 | $68,000 | $904,000 |
| Preapproval Denied by Financial Institution | 79 | $7,219,000 | $91,000 | $218,000 | $37,000 | $122,000 |
| File Closed For Incompleteness | 19 | $2,941,000 | $154,000 | $366,000 | $67,000 | $133,000 |
| Application Approved But Not Accepted | 6 | $970,000 | $161,000 | $408,000 | $87,000 | $124,000 |
| Preapproval Approved but not Accepted | 1 | $56,000 | $56,000 | $56,000 | $25,000 | $25,000 |
| 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 | 312 | $32,508,000 | $104,000 | $312,000 | $41,000 | $360,000 |
| Debt-To-Income Ratio | 31 | $4,014,000 | $129,000 | $352,000 | $45,000 | $186,000 |
| Collateral | 18 | $3,288,000 | $182,000 | $384,000 | $80,000 | $134,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 10 | $895,000 | $89,000 | $164,000 | $58,000 | $122,000 |
| Other | 8 | $1,299,000 | $162,000 | $256,000 | $82,000 | $204,000 |
| Employment History | 4 | $605,000 | $151,000 | $234,000 | $31,000 | $42,000 |
| Unverifiable Information | 2 | $203,000 | $101,000 | $123,000 | $18,000 | $27,000 |
| Mortgage Insurance Denied | 1 | $75,000 | $75,000 | $75,000 | $24,000 | $24,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Grand Bank for Saving, Sfsb'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 Grand Bank for Saving, Sfsb'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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