Hot Springs Bank & Trust Co Mortgage Lending & HMDA Data, 2008
In 2008, Hot Springs Bank & Trust Co of Hot Springs, AR reported 119 mortgage applications totaling $22.9 million. The average application was for $192,495, and applicants reported an average income of $89,470. 79% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Hot Springs, AR (92), Little Rock-North Little Rock-Conway, AR (15) and Pine Bluff, AR (3) (applications in parentheses).
| Mortgage Company & Address | Hot Springs Bank & Trust Co 4446 Central Ave Hot Springs, AR 71913 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 2010 2009 2008 |
| Total Number of Mortgage Applications | 119 |
| Total Mortgage Loan Application Amount | $22,907,000 |
| Average Mortgage Loan Application Amount | $192,495 |
| Highest Mortgage Loan Application Amount | $1,500,000 |
| Average Applicant Income | $89,470 |
| Highest Applicant Income | $1,043,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Hot Springs Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Garland, Arkansas | 92 | $ 19,896,000 | $ 216,260 | $ 101,000 |
| Pulaski, Arkansas | 9 | $ 512,000 | $ 56,888 | $ 0 |
| Saline, Arkansas | 6 | $ 1,092,000 | $ 182,000 | $ 139,000 |
| Clark, Arkansas | 4 | $ 513,000 | $ 128,250 | $ 10,000 |
| Hot Spring, Arkansas | 4 | $ 505,000 | $ 126,250 | $ 43,000 |
| Jefferson, Arkansas | 3 | $ 179,000 | $ 59,666 | $ 47,000 |
| Loudon, Tennessee | 1 | $ 210,000 | $ 210,000 | $ 190,000 |
Mortgage Loan Application Detail Totals for Hot Springs Bank & Trust Co in 2008
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 | 63 | $13,090,000 | $207,000 | $812,000 | $105,000 | $1,043,000 |
| Refinancing | 53 | $9,749,000 | $183,000 | $1,500,000 | $72,000 | $250,000 |
| Home Improvement | 3 | $68,000 | $22,000 | $35,000 | $72,000 | $100,000 |
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 | 79 | $14,035,000 | $177,000 | $1,500,000 | $115,000 | $1,043,000 |
| Not applicable | 39 | $8,828,000 | $226,000 | $812,000 | $33,000 | $247,000 |
| Not Provided | 1 | $44,000 | $44,000 | $44,000 | $230,000 | $230,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 119 | $22,907,000 | $192,000 | $1,500,000 | $89,000 | $1,043,000 |
| 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 | 94 | $18,666,000 | $198,000 | $1,500,000 | $92,000 | $1,043,000 |
| Application Withdrawn By Applicant | 14 | $2,451,000 | $175,000 | $408,000 | $81,000 | $190,000 |
| Application Denied By Financial Institution | 11 | $1,790,000 | $162,000 | $277,000 | $76,000 | $174,000 |
| 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 |
| 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 | 7 | $1,189,000 | $169,000 | $262,000 | $88,000 | $174,000 |
| Debt-To-Income Ratio | 3 | $492,000 | $164,000 | $277,000 | $57,000 | $96,000 |
| Collateral | 1 | $109,000 | $109,000 | $109,000 | $44,000 | $44,000 |
| Credit Application Incomplete | 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 Hot Springs Bank & Trust Co's 2008 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 Hot Springs Bank & Trust Co'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 Arkansas, download the full spreadsheet
with aggregated HMDA statistics today.
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