Metropolitan National Bank Mortgage Lending & HMDA Data, 2013
In 2013, Metropolitan National Bank of Little Rock, AR reported 2,369 mortgage applications totaling $361.4 million. The average application was for $152,566, and applicants reported an average income of $81,907. 58% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Little Rock-North Little Rock-Conway, AR (1,296), Fayetteville-Springdale-Rogers, AR-MO (458) and Hot Springs, AR (103) (applications in parentheses).
| Mortgage Company & Address | Metropolitan National Bank 425 W. Capitol Little Rock, AR 72203 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2013 |
| Total Number of Mortgage Applications | 2,369 |
| Total Mortgage Loan Application Amount | $361,431,000 |
| Average Mortgage Loan Application Amount | $152,566 |
| Highest Mortgage Loan Application Amount | $3,060,000 |
| Average Applicant Income | $81,907 |
| Highest Applicant Income | $1,040,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Metropolitan National Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Little Rock-North Little Rock-Conway, AR | 1,296 | $ 193,853,000 | $ 149,577 | $ 86,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 458 | $ 81,685,000 | $ 178,351 | $ 96,908 |
| Hot Springs, AR | 103 | $ 19,160,000 | $ 186,019 | $ 102,000 |
| Pine Bluff, AR | 13 | $ 1,733,000 | $ 133,307 | $ 66,000 |
| Fort Smith, AR-OK | 7 | $ 624,000 | $ 89,142 | $ 86,000 |
| Dallas-Plano-Irving, TX | 3 | $ 508,000 | $ 169,333 | $ 108,000 |
| Jonesboro, AR | 2 | $ 303,000 | $ 151,500 | $ 65,000 |
| Memphis, TN-MS-AR | 2 | $ 328,000 | $ 164,000 | $ 92,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 2 | $ 576,000 | $ 288,000 | $ 111,000 |
| Gainesville, FL | 1 | $ 1,000 | $ 1,000 | $ 28,000 |
| Kansas City, MO-KS | 1 | $ 194,000 | $ 194,000 | $ 90,000 |
| Texarkana, Tx-Texarkana, AR | 1 | $ 211,000 | $ 211,000 | $ 109,000 |
| Tulsa, OK | 1 | $ 401,000 | $ 401,000 | $ 301,000 |
| Wichita, KS | 1 | $ 392,000 | $ 392,000 | $ 237,000 |
Mortgage Loan Application Detail Totals for Metropolitan National Bank in 2013
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 | 1,526 | $241,405,000 | $158,000 | $629,000 | $80,000 | $1,040,000 |
| Refinancing | 728 | $117,711,000 | $161,000 | $3,060,000 | $90,000 | $942,000 |
| Home Improvement | 115 | $2,315,000 | $20,000 | $350,000 | $56,000 | $204,000 |
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 | 1,906 | $295,398,000 | $154,000 | $840,000 | $87,000 | $1,040,000 |
| Black or African American | 181 | $22,310,000 | $123,000 | $900,000 | $60,000 | $382,000 |
| Hispanic | 100 | $11,158,000 | $111,000 | $328,000 | $54,000 | $314,000 |
| Not Provided | 83 | $12,696,000 | $152,000 | $417,000 | $75,000 | $292,000 |
| Asian | 73 | $13,334,000 | $182,000 | $417,000 | $78,000 | $325,000 |
| Not applicable | 12 | $4,717,000 | $393,000 | $3,060,000 | $0 | $0 |
| American Indian or Alaskan Native | 11 | $1,646,000 | $149,000 | $316,000 | $89,000 | $252,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $172,000 | $57,000 | $98,000 | $32,000 | $53,000 |
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) | 1,507 | $246,803,000 | $163,000 | $3,060,000 | $98,000 | $1,040,000 |
| FHA-insured (Federal Housing Administration) | 520 | $67,032,000 | $128,000 | $392,000 | $55,000 | $950,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 196 | $23,194,000 | $118,000 | $244,000 | $41,000 | $140,000 |
| VA-guaranteed (Veterans Administration) | 146 | $24,402,000 | $167,000 | $478,000 | $70,000 | $366,000 |
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 | 1,373 | $231,624,000 | $168,000 | $3,060,000 | $95,000 | $1,040,000 |
| Preapproval Denied by Financial Institution | 419 | $53,221,000 | $127,000 | $417,000 | $48,000 | $198,000 |
| Application Withdrawn By Applicant | 327 | $53,317,000 | $163,000 | $900,000 | $90,000 | $603,000 |
| Application Denied By Financial Institution | 225 | $20,390,000 | $90,000 | $427,000 | $59,000 | $650,000 |
| Application Approved But Not Accepted | 21 | $2,355,000 | $112,000 | $400,000 | $67,000 | $187,000 |
| File Closed For Incompleteness | 2 | $177,000 | $88,000 | $98,000 | $58,000 | $81,000 |
| Preapproval Approved but not Accepted | 2 | $347,000 | $173,000 | $312,000 | $137,000 | $237,000 |
| 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 | 536 | $62,942,000 | $117,000 | $427,000 | $51,000 | $300,000 |
| Debt-To-Income Ratio | 57 | $5,142,000 | $90,000 | $238,000 | $40,000 | $199,000 |
| Collateral | 23 | $1,910,000 | $83,000 | $265,000 | $84,000 | $650,000 |
| Other | 11 | $1,329,000 | $120,000 | $289,000 | $69,000 | $238,000 |
| Credit Application Incomplete | 8 | $1,361,000 | $170,000 | $268,000 | $86,000 | $192,000 |
| Employment History | 5 | $383,000 | $76,000 | $102,000 | $51,000 | $140,000 |
| Unverifiable Information | 3 | $461,000 | $153,000 | $302,000 | $35,000 | $57,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $83,000 | $83,000 | $83,000 | $27,000 | $27,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Metropolitan National Bank's 2013 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 Metropolitan National 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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with aggregated HMDA statistics today.
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