New South Federal Savings Bank Mortgage Lending & HMDA Data, 2003
In 2003, New South Federal Savings Bank of Birmingham, AL reported 19,095 mortgage applications totaling $2.1 billion. The average application was for $108,687, and applicants reported an average income of $54,393. 53% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Birmingham, AL (3,045), Nashville, TN (1,142) and Huntsville, AL (700) (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 | 19,095 |
| Total Mortgage Loan Application Amount | $2,075,388,000 |
| Average Mortgage Loan Application Amount | $108,687 |
| Highest Mortgage Loan Application Amount | $10,368,000 |
| Average Applicant Income | $54,393 |
| Highest Applicant Income | $1,612,000 |
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records New South Federal Savings Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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, AL | 3,045 | $ 350,284,000 | $ 115,035 | $ 53,000 |
| Nashville, TN | 1,142 | $ 144,771,000 | $ 126,769 | $ 56,000 |
| Huntsville, AL | 700 | $ 76,090,000 | $ 108,700 | $ 52,000 |
| Houston, TX | 649 | $ 85,240,000 | $ 131,340 | $ 88,000 |
| Mobile, AL | 611 | $ 51,926,000 | $ 84,985 | $ 50,000 |
| Atlanta, GA | 473 | $ 73,056,000 | $ 154,452 | $ 72,000 |
| Montgomery, AL | 432 | $ 39,442,000 | $ 91,300 | $ 51,000 |
| Norfolk-Virginia Beach-Newport News, VA-NC | 410 | $ 48,909,000 | $ 119,290 | $ 60,000 |
| Las Vegas, NV-AZ | 392 | $ 70,004,000 | $ 178,581 | $ 69,000 |
| Gainesville, FL | 342 | $ 43,614,000 | $ 127,526 | $ 66,000 |
| New Orleans, LA | 334 | $ 36,793,000 | $ 110,158 | $ 59,000 |
| Phoenix-Mesa, AZ | 332 | $ 44,084,000 | $ 132,783 | $ 48,000 |
| Chattanooga, TN-GA | 304 | $ 32,019,000 | $ 105,325 | $ 48,000 |
| Savannah, GA | 285 | $ 38,158,000 | $ 133,887 | $ 61,000 |
| Richmond-Petersburg, VA | 266 | $ 32,130,000 | $ 120,789 | $ 59,000 |
| Alexandria, LA | 265 | $ 18,426,000 | $ 69,532 | $ 46,000 |
| Decatur, AL | 264 | $ 23,336,000 | $ 88,393 | $ 48,000 |
| Jackson, MS | 263 | $ 20,434,000 | $ 77,695 | $ 54,000 |
| Tampa-St. Petersburg-Clearwater, FL | 225 | $ 25,914,000 | $ 115,173 | $ 54,000 |
| Fayetteville, NC | 197 | $ 23,935,000 | $ 121,497 | $ 65,000 |
| Anniston, AL | 196 | $ 16,316,000 | $ 83,244 | $ 49,000 |
| Greensboro--Winston-Salem--High Point, NC | 188 | $ 24,095,000 | $ 128,164 | $ 63,000 |
| Columbus, GA-AL | 185 | $ 17,406,000 | $ 94,086 | $ 50,000 |
| Little Rock-North Little Rock, AR | 182 | $ 13,252,000 | $ 72,813 | $ 48,000 |
| Lexington, KY | 170 | $ 19,600,000 | $ 115,294 | $ 51,000 |
| Knoxville, TN | 163 | $ 17,744,000 | $ 108,858 | $ 57,000 |
| Memphis, TN-AR-MS | 161 | $ 14,866,000 | $ 92,335 | $ 64,000 |
| Florence, AL | 147 | $ 12,137,000 | $ 82,564 | $ 46,000 |
| Fayetteville-Springdale-Rogers, AR | 119 | $ 10,743,000 | $ 90,277 | $ 53,000 |
| Hattiesburg, MS | 109 | $ 7,995,000 | $ 73,348 | $ 47,000 |
| Fort Smith, AR-OK | 107 | $ 6,089,000 | $ 56,906 | $ 45,000 |
| Biloxi-Gulfport-Pascagoula, MS | 103 | $ 7,830,000 | $ 76,019 | $ 39,000 |
| Jacksonville, FL | 102 | $ 11,747,000 | $ 115,166 | $ 56,000 |
| Tuscaloosa, AL | 99 | $ 10,020,000 | $ 101,212 | $ 45,000 |
| Galveston-Texas City, TX | 97 | $ 13,818,000 | $ 142,453 | $ 98,000 |
| Lafayette, LA | 95 | $ 6,650,000 | $ 70,000 | $ 44,000 |
| Brazoria, TX | 86 | $ 12,784,000 | $ 148,651 | $ 88,000 |
| Shreveport-Bossier City, LA | 83 | $ 5,873,000 | $ 70,759 | $ 66,000 |
| Pensacola, FL | 70 | $ 9,576,000 | $ 136,800 | $ 49,000 |
| Auburn-Opelika, AL | 67 | $ 6,828,000 | $ 101,910 | $ 53,000 |
| Baton Rouge, LA | 67 | $ 6,094,000 | $ 90,955 | $ 64,000 |
| Macon, GA | 62 | $ 7,708,000 | $ 124,322 | $ 89,000 |
| Fort Walton Beach, FL | 56 | $ 4,793,000 | $ 85,589 | $ 48,000 |
| Lake Charles, LA | 56 | $ 3,980,000 | $ 71,071 | $ 56,000 |
| Joplin, MO | 54 | $ 3,085,000 | $ 57,129 | $ 39,000 |
| Panama City, FL | 53 | $ 3,843,000 | $ 72,509 | $ 55,000 |
| Orlando, FL | 52 | $ 6,272,000 | $ 120,615 | $ 63,000 |
| Austin-San Marcos, TX | 32 | $ 4,642,000 | $ 145,062 | $ 100,000 |
| Columbia, SC | 32 | $ 4,851,000 | $ 151,593 | $ 62,000 |
| Jackson, TN | 31 | $ 2,640,000 | $ 85,161 | $ 52,000 |
| Gadsden, AL | 27 | $ 1,614,000 | $ 59,777 | $ 33,000 |
| Jonesboro, AR | 26 | $ 1,792,000 | $ 68,923 | $ 42,000 |
| Dallas, TX | 25 | $ 2,255,000 | $ 90,200 | $ 72,000 |
| Dothan, AL | 25 | $ 5,134,000 | $ 205,360 | $ 44,000 |
| Louisville, KY-IN | 25 | $ 2,556,000 | $ 102,240 | $ 56,000 |
| Monroe, LA | 24 | $ 1,435,000 | $ 59,791 | $ 35,000 |
| San Antonio, TX | 24 | $ 2,483,000 | $ 103,458 | $ 73,000 |
| Johnson City-Kingsport-Bristol, TN-VA | 23 | $ 1,849,000 | $ 80,391 | $ 43,000 |
| Fort Lauderdale, FL | 22 | $ 3,591,000 | $ 163,227 | $ 57,000 |
| Fort Myers-Cape Coral, FL | 21 | $ 3,502,000 | $ 166,761 | $ 146,000 |
| Lakeland-Winter Haven, FL | 21 | $ 2,437,000 | $ 116,047 | $ 53,000 |
| Miami, FL | 18 | $ 2,383,000 | $ 132,388 | $ 75,000 |
| Ocala, FL | 18 | $ 1,808,000 | $ 100,444 | $ 69,000 |
| Daytona Beach, FL | 17 | $ 1,921,000 | $ 113,000 | $ 50,000 |
| Raleigh-Durham-Chapel Hill, NC | 17 | $ 2,594,000 | $ 152,588 | $ 65,000 |
| Clarksville-Hopkinsville, TN-KY | 16 | $ 1,819,000 | $ 113,687 | $ 57,000 |
| Fort Worth-Arlington, TX | 16 | $ 2,067,000 | $ 129,187 | $ 70,000 |
| Greenville-Spartanburg-Anderson, SC | 15 | $ 1,502,000 | $ 100,133 | $ 48,000 |
| St. Louis, MO-IL | 13 | $ 1,385,000 | $ 106,538 | $ 76,000 |
| Sarasota-Bradenton, FL | 12 | $ 1,487,000 | $ 123,916 | $ 60,000 |
| Springfield, MO | 12 | $ 726,000 | $ 60,500 | $ 25,000 |
| Fort Pierce-Port St. Lucie, FL | 11 | $ 1,487,000 | $ 135,181 | $ 81,000 |
| Houma, LA | 11 | $ 694,000 | $ 63,090 | $ 33,000 |
| Pine Bluff, AR | 11 | $ 688,000 | $ 62,545 | $ 35,000 |
| Tallahassee, FL | 11 | $ 757,000 | $ 68,818 | $ 47,000 |
| West Palm Beach-Boca Raton, FL | 11 | $ 1,739,000 | $ 158,090 | $ 62,000 |
| Charleston-North Charleston, SC | 10 | $ 1,118,000 | $ 111,800 | $ 48,000 |
| Athens, GA | 9 | $ 1,119,000 | $ 124,333 | $ 67,000 |
| Naples, FL | 8 | $ 1,329,000 | $ 166,125 | $ 82,000 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 7 | $ 921,000 | $ 131,571 | $ 66,000 |
| Evansville-Henderson, IN-KY | 6 | $ 397,000 | $ 66,166 | $ 25,000 |
| Melbourne-Titusville-Palm Bay, FL | 6 | $ 868,000 | $ 144,666 | $ 73,000 |
| Salt Lake City-Ogden, UT | 6 | $ 870,000 | $ 145,000 | $ 86,000 |
| Tyler, TX | 6 | $ 510,000 | $ 85,000 | $ 38,000 |
| Wilmington, NC | 6 | $ 802,000 | $ 133,666 | $ 107,000 |
| Brownsville-Harlingen-San Benito, TX | 5 | $ 797,000 | $ 159,400 | $ 104,000 |
| Chicago, IL | 5 | $ 1,203,000 | $ 240,600 | $ 79,000 |
| Indianapolis, IN | 5 | $ 585,000 | $ 117,000 | $ 53,000 |
| Myrtle Beach, SC | 5 | $ 614,000 | $ 122,800 | $ 81,000 |
| Oklahoma City, OK | 5 | $ 541,000 | $ 108,200 | $ 53,000 |
| Reno, NV | 5 | $ 852,000 | $ 170,400 | $ 61,000 |
| Beaumont-Port Arthur, TX | 4 | $ 371,000 | $ 92,750 | $ 48,000 |
| Longview-Marshall, TX | 4 | $ 193,000 | $ 48,250 | $ 22,000 |
| Punta Gorda, FL | 4 | $ 308,000 | $ 77,000 | $ 47,000 |
| Waco, TX | 4 | $ 239,000 | $ 59,750 | $ 61,000 |
| Augusta-Aiken, GA-SC | 3 | $ 237,000 | $ 79,000 | $ 53,000 |
| Baltimore, MD | 3 | $ 563,000 | $ 187,666 | $ 83,000 |
| Cincinnati, OH-KY-IN | 3 | $ 198,000 | $ 66,000 | $ 93,000 |
| El Paso, TX | 3 | $ 4,816,000 | $ 1,605,333 | $ 42,000 |
| Flagstaff, AZ-UT | 3 | $ 523,000 | $ 174,333 | $ 229,000 |
| Owensboro, KY | 3 | $ 232,000 | $ 77,333 | $ 50,000 |
| Tulsa, OK | 3 | $ 155,000 | $ 51,666 | $ 53,000 |
| Albany, GA | 2 | $ 194,000 | $ 97,000 | $ 93,000 |
| Albany-Schenectady-Troy, NY | 2 | $ 191,000 | $ 95,500 | $ 107,000 |
| Albuquerque, NM | 2 | $ 184,000 | $ 92,000 | $ 37,000 |
| Bryan-College Station, TX | 2 | $ 363,000 | $ 181,500 | $ 97,000 |
| Florence, SC | 2 | $ 188,000 | $ 94,000 | $ 43,000 |
| Killeen-Temple, TX | 2 | $ 149,000 | $ 74,500 | $ 53,000 |
| Los Angeles-Long Beach, CA | 2 | $ 314,000 | $ 157,000 | $ 82,000 |
| Lubbock, TX | 2 | $ 138,000 | $ 69,000 | $ 72,000 |
| McAllen-Edinburg-Mission, TX | 2 | $ 259,000 | $ 129,500 | $ 89,000 |
| Philadelphia, PA-NJ | 2 | $ 483,000 | $ 241,500 | $ 89,000 |
| Sumter, SC | 2 | $ 409,000 | $ 204,500 | $ 83,000 |
| Asheville, NC | 1 | $ 90,000 | $ 90,000 | $ 56,000 |
| Boston, MA-NH | 1 | $ 242,000 | $ 242,000 | $ 105,000 |
| Columbus, OH | 1 | $ 274,000 | $ 274,000 | $ 106,000 |
| Corpus Christi, TX | 1 | $ 75,000 | $ 75,000 | $ 0 |
| Denver, CO | 1 | $ 33,000 | $ 33,000 | $ 0 |
| Detroit, MI | 1 | $ 131,000 | $ 131,000 | $ 107,000 |
| Greenville, NC | 1 | $ 55,000 | $ 55,000 | $ 74,000 |
| Hagerstown, MD | 1 | $ 148,000 | $ 148,000 | $ 42,000 |
| Harrisburg-Lebanon-Carlisle, PA | 1 | $ 173,000 | $ 173,000 | $ 89,000 |
| Jacksonville, NC | 1 | $ 175,000 | $ 175,000 | $ 141,000 |
| Kansas City, MO-KS | 1 | $ 215,000 | $ 215,000 | $ 102,000 |
| Lawrence, KS | 1 | $ 139,000 | $ 139,000 | $ 36,000 |
| Mansfield, OH | 1 | $ 66,000 | $ 66,000 | $ 18,000 |
| Monmouth-Ocean, NJ | 1 | $ 208,000 | $ 208,000 | $ 75,000 |
| Muncie, IN | 1 | $ 51,000 | $ 51,000 | $ 13,000 |
| Odessa-Midland, TX | 1 | $ 1,750,000 | $ 1,750,000 | $ 0 |
| Portsmouth-Rochester, NH-ME | 1 | $ 213,000 | $ 213,000 | $ 49,000 |
| Provo-Orem, UT | 1 | $ 134,000 | $ 134,000 | $ 25,000 |
| Roanoke, VA | 1 | $ 97,000 | $ 97,000 | $ 26,000 |
| San Angelo, TX | 1 | $ 38,000 | $ 38,000 | $ 68,000 |
| Sherman-Denison, TX | 1 | $ 34,000 | $ 34,000 | $ 0 |
| Syracuse, NY | 1 | $ 6,000,000 | $ 6,000,000 | $ 0 |
| Texarkana, TX-AR | 1 | $ 36,000 | $ 36,000 | $ 42,000 |
| Toledo, OH | 1 | $ 144,000 | $ 144,000 | $ 100,000 |
| Tucson, AZ | 1 | $ 202,000 | $ 202,000 | $ 95,000 |
| Wichita Falls, TX | 1 | $ 40,000 | $ 40,000 | $ 0 |
| Wichita, KS | 1 | $ 2,498,000 | $ 2,498,000 | $ 0 |
Mortgage Loan Application Detail Totals for New South Federal Savings Bank 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) | 11,267 | $1,146,637,000 | $113,607 | $1,470,000 | $53,750 | $753,000 |
| Home Purchase (one-to-four family) | 7,817 | $877,756,000 | $130,103 | $920,000 | $65,137 | $1,612,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 11 | $50,995,000 | $4,944,000 | $10,368,000 | $0 | $0 |
| Home Improvement (one-to-four family) | 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 | 14,512 | $1,622,648,000 | $121,787 | $1,470,000 | $60,454 | $1,612,000 |
| Black | 3,413 | $274,985,000 | $119,818 | $723,000 | $50,636 | $420,000 |
| Hispanic | 604 | $64,127,000 | $115,117 | $472,000 | $46,352 | $244,000 |
| Asian or Pacific Islander | 225 | $28,950,000 | $127,384 | $370,000 | $67,615 | $312,000 |
| Information not provided by applicant in mail or telephone application | 160 | $13,549,000 | $89,733 | $420,000 | $41,466 | $396,000 |
| Other | 121 | $15,065,000 | $127,000 | $400,000 | $68,846 | $360,000 |
| American Indian or Alaskan Native | 49 | $5,069,000 | $103,916 | $442,000 | $49,666 | $311,000 |
| Not applicable | 11 | $50,995,000 | $4,944,000 | $10,368,000 | $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) | 15,247 | $1,655,979,000 | $446,212 | $10,368,000 | $61,030 | $1,612,000 |
| FHA-insured (Federal Housing Administration) | 3,423 | $370,557,000 | $123,300 | $348,000 | $58,850 | $883,000 |
| VA-guaranteed (Veterans Administration) | 278 | $35,121,000 | $114,142 | $315,000 | $45,500 | $154,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 147 | $13,731,000 | $89,500 | $174,000 | $36,500 | $112,000 |
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 | 10,027 | $1,181,650,000 | $618,461 | $10,368,000 | $60,923 | $1,612,000 |
| Application Denied By Financial Institution | 3,656 | $338,907,000 | $113,750 | $1,470,000 | $54,041 | $804,000 |
| Application Approved But Not Accepted | 1,594 | $168,641,000 | $111,782 | $944,000 | $58,913 | $576,000 |
| Application Withdrawn By Applicant | 1,457 | $167,833,000 | $109,238 | $5,000,000 | $50,000 | $403,000 |
| File Closed For Incompleteness | 1,224 | $102,551,000 | $109,421 | $675,000 | $54,210 | $675,000 |
| Loan Purchased By The Institution | 1,137 | $115,806,000 | $133,375 | $680,000 | $62,416 | $1,322,000 |
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 | 1,981 | $160,482,000 | $86,952 | $750,000 | $48,714 | $804,000 |
| Debt-To-Income Ratio | 664 | $64,407,000 | $142,714 | $1,470,000 | $50,857 | $288,000 |
| Other | 355 | $44,034,000 | $95,684 | $995,000 | $72,894 | $654,000 |
| Collateral | 284 | $27,080,000 | $106,352 | $580,000 | $55,470 | $298,000 |
| Credit Application Incomplete | 146 | $18,924,000 | $96,272 | $534,000 | $44,636 | $440,000 |
| Unverifiable Information | 85 | $11,111,000 | $152,454 | $590,000 | $77,727 | $360,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 72 | $6,343,000 | $85,625 | $322,000 | $49,875 | $201,000 |
| Employment History | 60 | $5,262,000 | $98,166 | $640,000 | $47,500 | $250,000 |
| Mortgage Insurance Denied | 9 | $1,264,000 | $135,200 | $333,000 | $78,200 | $216,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into New South Federal Savings Bank'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 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.
For a list of all lenders in Alabama, download the full spreadsheet
with aggregated HMDA statistics today.
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