New South Federal Savings Bank Mortgage Lending & HMDA Data, 2008
In 2008, New South Federal Savings Bank of Birmingham, AL reported 21,529 mortgage applications totaling $2.8 billion, up 41% from 2007. The average application was for $130,959, and applicants reported an average income of $57,295. 35% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Birmingham-Hoover, AL (1,861), Nashville-Davidson--Murfreesboro--Franklin, TN (1,031) and Atlanta-Sandy Springs-Marietta, GA (920) (applications in parentheses).
| Mortgage Company & Address | New South Federal Savings Bank 1900 Crestwood Boulevard Birmingham, AL 35210 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 21,529 |
| Total Mortgage Loan Application Amount | $2,819,435,000 |
| Average Mortgage Loan Application Amount | $130,959 |
| Highest Mortgage Loan Application Amount | $6,296,000 |
| Average Applicant Income | $57,295 |
| Highest Applicant Income | $1,380,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records New South Federal Savings Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Birmingham-Hoover, AL | 1,861 | $ 260,298,000 | $ 139,869 | $ 66,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1,031 | $ 171,353,000 | $ 166,200 | $ 65,000 |
| Atlanta-Sandy Springs-Marietta, GA | 920 | $ 142,767,000 | $ 155,181 | $ 65,000 |
| Montgomery, AL | 520 | $ 69,051,000 | $ 132,790 | $ 62,000 |
| Killeen-Temple-Fort Hood, TX | 496 | $ 70,397,000 | $ 141,929 | $ 64,000 |
| Huntsville, AL | 453 | $ 59,611,000 | $ 131,591 | $ 63,000 |
| Savannah, GA | 363 | $ 60,768,000 | $ 167,404 | $ 63,000 |
| Mobile, AL | 322 | $ 35,521,000 | $ 110,313 | $ 54,000 |
| Alexandria, LA | 296 | $ 34,552,000 | $ 116,729 | $ 57,000 |
| Chicago-Naperville-Joliet, IL | 287 | $ 62,863,000 | $ 219,034 | $ 83,000 |
| Hinesville-Fort Stewart, GA | 251 | $ 36,016,000 | $ 143,490 | $ 56,000 |
| Memphis, TN-MS-AR | 245 | $ 29,048,000 | $ 118,563 | $ 61,987 |
| Houston-Sugar Land-Baytown, TX | 236 | $ 49,279,000 | $ 208,809 | $ 118,000 |
| Tuscaloosa, AL | 233 | $ 31,622,000 | $ 135,716 | $ 58,000 |
| Oklahoma City, OK | 229 | $ 32,296,000 | $ 141,030 | $ 72,000 |
| Baton Rouge, LA | 222 | $ 32,913,000 | $ 148,256 | $ 74,000 |
| Hot Springs, AR | 208 | $ 27,695,000 | $ 133,149 | $ 55,000 |
| St. Louis, MO-IL | 201 | $ 24,374,000 | $ 121,263 | $ 56,000 |
| Columbus, GA-AL | 197 | $ 24,879,000 | $ 126,289 | $ 54,670 |
| Chattanooga, TN-GA | 190 | $ 24,091,000 | $ 126,794 | $ 57,136 |
| New Orleans-Metairie-Kenner, LA | 190 | $ 32,442,000 | $ 170,747 | $ 76,000 |
| Fort Smith, AR-OK | 181 | $ 19,801,000 | $ 109,397 | $ 52,000 |
| Knoxville, TN | 174 | $ 25,567,000 | $ 146,936 | $ 66,000 |
| Florence-Muscle Shoals, AL | 162 | $ 13,396,000 | $ 82,691 | $ 51,000 |
| Jackson, MS | 158 | $ 18,509,000 | $ 117,145 | $ 57,000 |
| Rome, GA | 140 | $ 19,123,000 | $ 136,592 | $ 57,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 139 | $ 26,613,000 | $ 191,460 | $ 71,000 |
| Decatur, AL | 134 | $ 13,476,000 | $ 100,567 | $ 51,000 |
| Anniston-Oxford, AL | 129 | $ 10,861,000 | $ 84,193 | $ 46,000 |
| Columbia, SC | 121 | $ 16,256,000 | $ 134,347 | $ 60,000 |
| Richmond, VA | 107 | $ 18,915,000 | $ 176,775 | $ 71,000 |
| Little Rock-North Little Rock-Conway, AR | 103 | $ 12,985,000 | $ 126,067 | $ 62,000 |
| Greensboro-High Point, NC | 100 | $ 12,960,000 | $ 129,600 | $ 55,000 |
| Las Vegas-Paradise, NV | 100 | $ 17,666,000 | $ 176,660 | $ 63,000 |
| Lexington-Fayette, KY | 89 | $ 13,026,000 | $ 146,359 | $ 75,000 |
| Phoenix-Mesa-Scottsdale, AZ | 87 | $ 17,143,000 | $ 197,045 | $ 71,000 |
| Tampa-St. Petersburg-Clearwater, FL | 87 | $ 15,168,000 | $ 174,344 | $ 85,000 |
| Louisville-Jefferson County, KY-IN | 80 | $ 10,524,000 | $ 131,550 | $ 61,125 |
| Charlotte-Gastonia-Concord, NC-SC | 78 | $ 11,625,000 | $ 149,038 | $ 68,102 |
| Fayetteville-Springdale-Rogers, AR-MO | 78 | $ 12,157,000 | $ 155,858 | $ 63,807 |
| Hattiesburg, MS | 74 | $ 9,500,000 | $ 128,378 | $ 61,000 |
| Auburn-Opelika, AL | 72 | $ 11,197,000 | $ 155,513 | $ 56,000 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 72 | $ 11,956,000 | $ 166,055 | $ 66,000 |
| Shreveport-Bossier City, LA | 69 | $ 7,154,000 | $ 103,681 | $ 53,000 |
| Greenville-Mauldin-Easley, SC | 67 | $ 9,474,000 | $ 141,402 | $ 60,000 |
| Jacksonville, FL | 61 | $ 8,632,000 | $ 141,508 | $ 66,000 |
| Dalton, GA | 59 | $ 6,571,000 | $ 111,372 | $ 49,000 |
| Gary, IN | 56 | $ 6,215,000 | $ 110,982 | $ 53,000 |
| Charleston-North Charleston-Summerville, SC | 54 | $ 8,839,000 | $ 163,685 | $ 76,000 |
| Pascagoula, MS | 53 | $ 6,891,000 | $ 130,018 | $ 68,000 |
| Indianapolis-Carmel, IN | 51 | $ 7,681,000 | $ 150,607 | $ 76,000 |
| Pensacola-Ferry Pass-Brent, FL | 46 | $ 6,641,000 | $ 144,369 | $ 79,000 |
| Baltimore-Towson, MD | 44 | $ 8,606,000 | $ 195,590 | $ 91,000 |
| Yuma, AZ | 42 | $ 7,631,000 | $ 181,690 | $ 63,000 |
| Lake County-Kenosha County, IL-WI | 39 | $ 10,706,000 | $ 274,512 | $ 104,692 |
| Morristown, TN | 38 | $ 4,528,000 | $ 119,157 | $ 45,000 |
| Fayetteville, NC | 36 | $ 5,305,000 | $ 147,361 | $ 59,000 |
| Monroe, LA | 36 | $ 4,031,000 | $ 111,972 | $ 52,000 |
| Spartanburg, SC | 35 | $ 3,706,000 | $ 105,885 | $ 53,000 |
| Orlando-Kissimmee, FL | 34 | $ 8,354,000 | $ 245,705 | $ 104,000 |
| Jackson, TN | 31 | $ 3,085,000 | $ 99,516 | $ 58,000 |
| Cleveland, TN | 30 | $ 3,538,000 | $ 117,933 | $ 51,000 |
| Lafayette, LA | 28 | $ 3,570,000 | $ 127,500 | $ 54,000 |
| Florence, SC | 27 | $ 2,928,000 | $ 108,444 | $ 47,000 |
| Winston-Salem, NC | 27 | $ 3,489,000 | $ 129,222 | $ 59,000 |
| Augusta-Richmond County, GA-SC | 26 | $ 4,894,000 | $ 188,230 | $ 76,000 |
| Evansville, IN-KY | 26 | $ 2,040,000 | $ 78,461 | $ 46,653 |
| Anderson, SC | 25 | $ 2,682,000 | $ 107,280 | $ 51,000 |
| Gulfport-Biloxi, MS | 25 | $ 3,903,000 | $ 156,120 | $ 75,000 |
| Lake Charles, LA | 25 | $ 2,512,000 | $ 100,480 | $ 59,000 |
| Jonesboro, AR | 22 | $ 1,832,000 | $ 83,272 | $ 38,000 |
| Burlington, NC | 21 | $ 3,060,000 | $ 145,714 | $ 53,000 |
| Kansas City, MO-KS | 21 | $ 2,819,000 | $ 134,238 | $ 72,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 21 | $ 6,119,000 | $ 291,380 | $ 89,047 |
| Dothan, AL | 20 | $ 1,617,000 | $ 80,850 | $ 49,000 |
| Tulsa, OK | 20 | $ 2,699,000 | $ 134,950 | $ 87,000 |
| Gadsden, AL | 19 | $ 1,883,000 | $ 99,105 | $ 48,000 |
| Dallas-Plano-Irving, TX | 18 | $ 3,604,000 | $ 200,222 | $ 111,000 |
| San Antonio, TX | 17 | $ 3,724,000 | $ 219,058 | $ 95,000 |
| Asheville, NC | 16 | $ 3,087,000 | $ 192,937 | $ 66,000 |
| Austin-Round Rock, TX | 16 | $ 3,690,000 | $ 230,625 | $ 111,000 |
| Panama City-Lynn Haven, FL | 15 | $ 2,798,000 | $ 186,533 | $ 74,000 |
| Elizabethtown, KY | 14 | $ 2,094,000 | $ 149,571 | $ 115,000 |
| Houma-Bayou Cane-Thibodaux, LA | 14 | $ 2,146,000 | $ 153,285 | $ 79,000 |
| Albany, GA | 13 | $ 1,864,000 | $ 143,384 | $ 63,000 |
| Clarksville, TN-KY | 13 | $ 1,628,000 | $ 125,230 | $ 58,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 13 | $ 3,592,000 | $ 276,307 | $ 108,000 |
| Gainesville, FL | 13 | $ 2,627,000 | $ 202,076 | $ 79,000 |
| Johnson City, TN | 13 | $ 1,487,000 | $ 114,384 | $ 54,000 |
| Joplin, MO | 13 | $ 1,009,000 | $ 77,615 | $ 39,000 |
| Lakeland-Winter Haven, FL | 13 | $ 1,300,000 | $ 100,000 | $ 48,000 |
| Raleigh-Cary, NC | 13 | $ 3,283,000 | $ 252,538 | $ 125,000 |
| Fort Walton Beach-Crestview-Destin, FL | 12 | $ 2,176,000 | $ 181,333 | $ 66,000 |
| Macon, GA | 12 | $ 1,504,000 | $ 125,333 | $ 68,000 |
| Ocala, FL | 12 | $ 2,824,000 | $ 235,333 | $ 127,000 |
| Sumter, SC | 12 | $ 1,413,000 | $ 117,750 | $ 57,000 |
| Cape Coral-Fort Myers, FL | 11 | $ 2,300,000 | $ 209,090 | $ 134,000 |
| Hickory-Lenoir-Morganton, NC | 10 | $ 1,158,000 | $ 115,800 | $ 35,000 |
| Roanoke, VA | 10 | $ 966,000 | $ 96,600 | $ 45,000 |
| Springfield, MO | 10 | $ 1,861,000 | $ 186,100 | $ 56,000 |
| Terre Haute, IN | 10 | $ 778,000 | $ 77,800 | $ 40,000 |
| Fort Worth-Arlington, TX | 9 | $ 7,665,000 | $ 851,666 | $ 67,000 |
| Gainesville, GA | 9 | $ 1,600,000 | $ 177,777 | $ 47,000 |
| Palm Bay-Melbourne-Titusville, FL | 9 | $ 1,845,000 | $ 205,000 | $ 89,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 8 | $ 1,238,000 | $ 154,750 | $ 62,000 |
| Kingsport-Bristol-Bristol, TN-VA | 8 | $ 1,280,000 | $ 160,000 | $ 64,500 |
| Durham, NC | 7 | $ 1,297,000 | $ 185,285 | $ 83,000 |
| Harrisonburg, VA | 7 | $ 1,506,000 | $ 215,142 | $ 74,000 |
| Owensboro, KY | 7 | $ 633,000 | $ 90,428 | $ 41,000 |
| Port St. Lucie, FL | 7 | $ 749,000 | $ 107,000 | $ 41,000 |
| Wilmington, NC | 7 | $ 1,867,000 | $ 266,714 | $ 101,000 |
| Athens-Clarke County, GA | 6 | $ 764,000 | $ 127,333 | $ 43,000 |
| Kankakee-Bradley, IL | 6 | $ 1,152,000 | $ 192,000 | $ 62,000 |
| Lynchburg, VA | 6 | $ 1,016,000 | $ 169,333 | $ 67,000 |
| McAllen-Edinburg-Mission, TX | 6 | $ 1,144,000 | $ 190,666 | $ 98,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 6 | $ 1,711,000 | $ 285,166 | $ 106,000 |
| Bradenton-Sarasota-Venice, FL | 5 | $ 1,070,000 | $ 214,000 | $ 95,000 |
| Fort Wayne, IN | 5 | $ 355,000 | $ 71,000 | $ 52,000 |
| Odessa, TX | 5 | $ 652,000 | $ 130,400 | $ 75,000 |
| Pine Bluff, AR | 5 | $ 382,000 | $ 76,400 | $ 53,000 |
| Tallahassee, FL | 5 | $ 1,284,000 | $ 256,800 | $ 101,000 |
| Bowling Green, KY | 4 | $ 573,000 | $ 143,250 | $ 46,000 |
| Brunswick, GA | 4 | $ 1,231,000 | $ 307,750 | $ 100,000 |
| Cincinnati-Middletown, OH-KY-IN | 4 | $ 546,000 | $ 136,500 | $ 59,000 |
| Edison-New Brunswick, NJ | 4 | $ 901,000 | $ 225,250 | $ 93,000 |
| Elkhart-Goshen, IN | 4 | $ 346,000 | $ 86,500 | $ 42,000 |
| Huntington-Ashland, WV-KY-OH | 4 | $ 394,000 | $ 98,500 | $ 44,000 |
| Miami-Miami Beach-Kendall, FL | 4 | $ 637,000 | $ 159,250 | $ 80,000 |
| Michigan City-La Porte, IN | 4 | $ 695,000 | $ 173,750 | $ 97,000 |
| Brownsville-Harlingen, TX | 3 | $ 338,000 | $ 112,666 | $ 61,000 |
| Danville, VA | 3 | $ 339,000 | $ 113,000 | $ 73,000 |
| Jacksonville, NC | 3 | $ 1,054,000 | $ 351,333 | $ 152,000 |
| Muncie, IN | 3 | $ 350,000 | $ 116,666 | $ 122,000 |
| Naples-Marco Island, FL | 3 | $ 652,000 | $ 217,333 | $ 97,000 |
| Newark-Union, NJ-PA | 3 | $ 1,376,000 | $ 458,666 | $ 128,000 |
| Pittsburgh, PA | 3 | $ 619,000 | $ 206,333 | $ 85,000 |
| State College, PA | 3 | $ 534,000 | $ 178,000 | $ 64,000 |
| Tucson, AZ | 3 | $ 447,000 | $ 149,000 | $ 63,000 |
| Waco, TX | 3 | $ 667,000 | $ 222,333 | $ 105,000 |
| Warner Robins, GA | 3 | $ 465,000 | $ 155,000 | $ 60,000 |
| Albuquerque, NM | 2 | $ 292,000 | $ 146,000 | $ 93,000 |
| Anderson, IN | 2 | $ 315,000 | $ 157,500 | $ 40,000 |
| Bethesda-Frederick-Gaithersburg, MD | 2 | $ 573,000 | $ 286,500 | $ 96,000 |
| Bloomington, IN | 2 | $ 128,000 | $ 64,000 | $ 44,000 |
| College Station-Bryan, TX | 2 | $ 212,000 | $ 106,000 | $ 33,000 |
| Columbus, IN | 2 | $ 186,000 | $ 93,000 | $ 57,000 |
| Denver-Aurora, CO | 2 | $ 552,000 | $ 276,000 | $ 138,000 |
| El Paso, TX | 2 | $ 367,000 | $ 183,500 | $ 86,000 |
| Hagerstown-Martinsburg, MD-WV | 2 | $ 750,000 | $ 375,000 | $ 147,500 |
| Lake Havasu City-Kingman, AZ | 2 | $ 333,000 | $ 166,500 | $ 71,000 |
| Midland, TX | 2 | $ 230,000 | $ 115,000 | $ 70,000 |
| New York-White Plains-Wayne, NY-NJ | 2 | $ 547,000 | $ 273,500 | $ 71,000 |
| Palm Coast, FL | 2 | $ 363,000 | $ 181,500 | $ 87,000 |
| Provo-Orem, UT | 2 | $ 399,000 | $ 199,500 | $ 103,000 |
| Sebastian-Vero Beach, FL | 2 | $ 250,000 | $ 125,000 | $ 93,000 |
| South Bend-Mishawaka, IN-MI | 2 | $ 139,000 | $ 69,500 | $ 54,000 |
| Tyler, TX | 2 | $ 164,000 | $ 82,000 | $ 55,000 |
| Valdosta, GA | 2 | $ 176,000 | $ 88,000 | $ 28,000 |
| Victoria, TX | 2 | $ 428,000 | $ 214,000 | $ 138,000 |
| Amarillo, TX | 1 | $ 219,000 | $ 219,000 | $ 88,000 |
| Ann Arbor, MI | 1 | $ 150,000 | $ 150,000 | $ 406,000 |
| Beaumont-Port Arthur, TX | 1 | $ 66,000 | $ 66,000 | $ 47,000 |
| Blacksburg-Christiansburg-Radford, VA | 1 | $ 130,000 | $ 130,000 | $ 48,000 |
| Boston-Quincy, MA | 1 | $ 360,000 | $ 360,000 | $ 137,000 |
| Charlottesville, VA | 1 | $ 223,000 | $ 223,000 | $ 122,000 |
| Cleveland-Elyria-Mentor, OH | 1 | $ 82,000 | $ 82,000 | $ 80,000 |
| Colorado Springs, CO | 1 | $ 258,000 | $ 258,000 | $ 12,000 |
| Columbia, MO | 1 | $ 68,000 | $ 68,000 | $ 34,000 |
| Cumberland, MD-WV | 1 | $ 81,000 | $ 81,000 | $ 36,000 |
| Goldsboro, NC | 1 | $ 84,000 | $ 84,000 | $ 28,000 |
| Greenville, NC | 1 | $ 105,000 | $ 105,000 | $ 55,000 |
| Kokomo, IN | 1 | $ 136,000 | $ 136,000 | $ 60,000 |
| Lafayette, IN | 1 | $ 94,000 | $ 94,000 | $ 36,000 |
| Lansing-East Lansing, MI | 1 | $ 183,000 | $ 183,000 | $ 86,000 |
| Lawton, OK | 1 | $ 87,000 | $ 87,000 | $ 40,000 |
| Lima, OH | 1 | $ 39,000 | $ 39,000 | $ 69,000 |
| Longview, TX | 1 | $ 50,000 | $ 50,000 | $ 71,000 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 307,000 | $ 307,000 | $ 89,000 |
| Lubbock, TX | 1 | $ 237,000 | $ 237,000 | $ 57,000 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 200,000 | $ 200,000 | $ 85,000 |
| Prescott, AZ | 1 | $ 200,000 | $ 200,000 | $ 110,000 |
| Punta Gorda, FL | 1 | $ 58,000 | $ 58,000 | $ 25,000 |
| Riverside-San Bernardino-Ontario, CA | 1 | $ 275,000 | $ 275,000 | $ 177,000 |
| Rockford, IL | 1 | $ 193,000 | $ 193,000 | $ 0 |
| Rocky Mount, NC | 1 | $ 159,000 | $ 159,000 | $ 64,000 |
| Scranton--Wilkes-Barre, PA | 1 | $ 90,000 | $ 90,000 | $ 82,000 |
| Sherman-Denison, TX | 1 | $ 77,000 | $ 77,000 | $ 88,000 |
| Springfield, IL | 1 | $ 109,000 | $ 109,000 | $ 98,000 |
| St. Joseph, MO-KS | 1 | $ 123,000 | $ 123,000 | $ 45,000 |
| Texarkana, Tx-Texarkana, AR | 1 | $ 52,000 | $ 52,000 | $ 36,000 |
| Winchester, VA-WV | 1 | $ 409,000 | $ 409,000 | $ 214,000 |
| York-Hanover, PA | 1 | $ 188,000 | $ 188,000 | $ 71,000 |
Mortgage Loan Application Detail Totals for New South Federal Savings Bank 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 | 14,469 | $1,805,895,000 | $124,000 | $6,296,000 | $54,000 | $1,320,000 |
| Refinancing | 6,720 | $969,440,000 | $144,000 | $1,204,000 | $64,000 | $1,380,000 |
| Home Improvement | 340 | $44,100,000 | $129,000 | $775,000 | $65,000 | $429,000 |
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 | 12,524 | $1,749,910,000 | $139,000 | $1,320,000 | $63,000 | $1,380,000 |
| Black or African American | 6,472 | $744,367,000 | $115,000 | $1,204,000 | $49,000 | $820,000 |
| Hispanic | 1,114 | $149,976,000 | $134,000 | $492,000 | $52,000 | $528,000 |
| Not Provided | 1,095 | $112,229,000 | $102,000 | $675,000 | $43,000 | $479,000 |
| Asian | 199 | $35,969,000 | $180,000 | $450,000 | $77,000 | $1,008,000 |
| Native Hawaiian or Other Pacific Islander | 62 | $8,203,000 | $132,000 | $531,000 | $62,000 | $467,000 |
| American Indian or Alaskan Native | 61 | $9,615,000 | $157,000 | $417,000 | $64,000 | $300,000 |
| Not applicable | 2 | $9,166,000 | $4,583,000 | $6,296,000 | $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) | 10,875 | $1,544,156,000 | $141,000 | $6,296,000 | $67,000 | $1,380,000 |
| FHA-insured (Federal Housing Administration) | 8,509 | $994,104,000 | $116,000 | $440,000 | $45,000 | $959,000 |
| VA-guaranteed (Veterans Administration) | 1,871 | $250,371,000 | $133,000 | $746,000 | $56,000 | $360,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 274 | $30,804,000 | $112,000 | $255,000 | $38,000 | $89,000 |
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 | 7,443 | $1,045,063,000 | $140,000 | $6,296,000 | $63,000 | $808,000 |
| Preapproval Denied by Financial Institution | 4,915 | $479,695,000 | $97,000 | $780,000 | $37,000 | $435,000 |
| Application Denied By Financial Institution | 4,117 | $589,946,000 | $143,000 | $1,320,000 | $61,000 | $1,380,000 |
| File Closed For Incompleteness | 2,237 | $307,258,000 | $137,000 | $880,000 | $67,000 | $959,000 |
| Preapproval Approved but not Accepted | 1,144 | $150,561,000 | $131,000 | $650,000 | $54,000 | $600,000 |
| Application Approved But Not Accepted | 806 | $121,184,000 | $150,000 | $748,000 | $66,000 | $461,000 |
| Loan Purchased By The Institution | 484 | $62,462,000 | $129,000 | $417,000 | $72,000 | $438,000 |
| Application Withdrawn By Applicant | 383 | $63,266,000 | $165,000 | $950,000 | $68,000 | $791,000 |
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 | 6,256 | $673,638,000 | $107,000 | $1,204,000 | $44,000 | $1,008,000 |
| Debt-To-Income Ratio | 1,573 | $217,872,000 | $138,000 | $840,000 | $47,000 | $1,380,000 |
| Collateral | 515 | $80,445,000 | $156,000 | $910,000 | $77,000 | $642,000 |
| Unverifiable Information | 197 | $31,635,000 | $160,000 | $700,000 | $82,000 | $503,000 |
| Employment History | 174 | $23,542,000 | $135,000 | $1,320,000 | $59,000 | $1,320,000 |
| Other | 158 | $23,524,000 | $148,000 | $737,000 | $73,000 | $328,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 102 | $10,962,000 | $107,000 | $440,000 | $45,000 | $417,000 |
| Credit Application Incomplete | 46 | $6,488,000 | $141,000 | $315,000 | $46,000 | $105,000 |
| Mortgage Insurance Denied | 11 | $1,535,000 | $139,000 | $228,000 | $58,000 | $102,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into New South Federal Savings Bank'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 New South Federal Savings 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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