New South Federal Savings Bank Mortgage Lending & HMDA Data, 2005
In 2005, New South Federal Savings Bank of Birmingham, AL reported 12,716 mortgage applications totaling $1.5 billion, about the same as 2004. The average application was for $120,057, and applicants reported an average income of $56,491. 43% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Birmingham-Hoover, AL (1,406), Houston-Baytown-Sugar Land, TX (582) and Nashville-Davidson--Murfreesboro, TN (504) (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 | 12,716 |
| Total Mortgage Loan Application Amount | $1,526,654,000 |
| Average Mortgage Loan Application Amount | $120,057 |
| Highest Mortgage Loan Application Amount | $18,800,000 |
| Average Applicant Income | $56,491 |
| Highest Applicant Income | $7,488,000 |
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records New South Federal Savings Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 1,406 | $ 173,771,000 | $ 123,592 | $ 55,000 |
| Houston-Baytown-Sugar Land, TX | 582 | $ 90,900,000 | $ 156,185 | $ 93,000 |
| Nashville-Davidson--Murfreesboro, TN | 504 | $ 68,387,000 | $ 135,688 | $ 56,000 |
| Mobile, AL | 481 | $ 43,954,000 | $ 91,380 | $ 45,000 |
| Atlanta-Sandy Springs-Marietta, GA | 383 | $ 55,974,000 | $ 146,146 | $ 73,000 |
| Fayetteville, NC | 359 | $ 44,770,000 | $ 124,707 | $ 49,000 |
| Montgomery, AL | 338 | $ 33,348,000 | $ 98,662 | $ 52,000 |
| Huntsville, AL | 322 | $ 39,453,000 | $ 122,524 | $ 55,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 317 | $ 52,525,000 | $ 165,694 | $ 57,000 |
| Alexandria, LA | 194 | $ 15,004,000 | $ 77,340 | $ 55,000 |
| Phoenix-Mesa-Scottsdale, AZ | 168 | $ 40,396,000 | $ 240,452 | $ 56,000 |
| Florence-Muscle Shoals, AL | 167 | $ 13,907,000 | $ 83,275 | $ 43,000 |
| New Orleans-Metairie-Kenner, LA | 157 | $ 20,068,000 | $ 127,821 | $ 62,000 |
| Decatur, AL | 135 | $ 11,995,000 | $ 88,851 | $ 41,000 |
| Chattanooga, TN-GA | 131 | $ 12,975,000 | $ 99,045 | $ 51,000 |
| Las Vegas-Paradise, NV | 120 | $ 19,253,000 | $ 160,441 | $ 57,000 |
| Columbus, GA-AL | 113 | $ 13,056,000 | $ 115,539 | $ 50,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 112 | $ 13,247,000 | $ 118,276 | $ 51,000 |
| Hattiesburg, MS | 111 | $ 9,342,000 | $ 84,162 | $ 53,000 |
| Jackson, MS | 108 | $ 9,953,000 | $ 92,157 | $ 44,000 |
| Memphis, TN-MS-AR | 103 | $ 9,243,000 | $ 89,737 | $ 51,000 |
| Richmond, VA | 96 | $ 14,621,000 | $ 152,302 | $ 58,000 |
| Lexington-Fayette, KY | 95 | $ 13,698,000 | $ 144,189 | $ 76,000 |
| Auburn-Opelika, AL | 91 | $ 12,144,000 | $ 133,450 | $ 55,000 |
| Gainesville, FL | 88 | $ 14,088,000 | $ 160,090 | $ 73,000 |
| Fort Smith, AR-OK | 87 | $ 6,324,000 | $ 72,689 | $ 37,000 |
| Tuscaloosa, AL | 81 | $ 9,807,000 | $ 121,074 | $ 57,000 |
| Knoxville, TN | 77 | $ 8,792,000 | $ 114,181 | $ 48,000 |
| Anniston-Oxford, AL | 76 | $ 6,751,000 | $ 88,828 | $ 42,000 |
| Greensboro-High Point, NC | 76 | $ 8,606,000 | $ 113,236 | $ 60,000 |
| Little Rock-North Little Rock, AR | 74 | $ 6,484,000 | $ 87,621 | $ 55,000 |
| Gulfport-Biloxi, MS | 63 | $ 7,726,000 | $ 122,634 | $ 51,000 |
| Jonesboro, AR | 60 | $ 4,183,000 | $ 69,716 | $ 40,000 |
| Shreveport-Bossier City, LA | 59 | $ 5,133,000 | $ 87,000 | $ 49,000 |
| Pensacola-Ferry Pass-Brent, FL | 52 | $ 10,564,000 | $ 203,153 | $ 67,000 |
| Baton Rouge, LA | 41 | $ 3,994,000 | $ 97,414 | $ 52,000 |
| Clarksville, TN-KY | 38 | $ 3,464,000 | $ 91,157 | $ 60,000 |
| Lake Charles, LA | 38 | $ 2,737,000 | $ 72,026 | $ 47,000 |
| Tampa-St. Petersburg-Clearwater, FL | 33 | $ 5,090,000 | $ 154,242 | $ 68,000 |
| Pascagoula, MS | 26 | $ 2,481,000 | $ 95,423 | $ 51,000 |
| Monroe, LA | 25 | $ 1,682,000 | $ 67,280 | $ 35,000 |
| Naples-Marco Island, FL | 23 | $ 5,007,000 | $ 217,695 | $ 163,000 |
| Jacksonville, FL | 22 | $ 3,135,000 | $ 142,500 | $ 59,000 |
| Fort Walton Beach-Crestview-Destin, FL | 18 | $ 7,014,000 | $ 389,666 | $ 120,000 |
| Gadsden, AL | 17 | $ 1,241,000 | $ 73,000 | $ 36,000 |
| Cleveland, TN | 16 | $ 1,724,000 | $ 107,750 | $ 54,000 |
| Dothan, AL | 16 | $ 1,129,000 | $ 70,562 | $ 45,000 |
| Lafayette, LA | 16 | $ 1,211,000 | $ 75,687 | $ 36,000 |
| Pine Bluff, AR | 16 | $ 1,364,000 | $ 85,250 | $ 44,000 |
| Cape Coral-Fort Myers, FL | 15 | $ 3,810,000 | $ 254,000 | $ 134,000 |
| Panama City-Lynn Haven, FL | 15 | $ 1,842,000 | $ 122,800 | $ 59,000 |
| Morristown, TN | 14 | $ 1,276,000 | $ 91,142 | $ 40,000 |
| San Antonio, TX | 13 | $ 19,895,000 | $ 1,530,384 | $ 82,000 |
| Savannah, GA | 13 | $ 1,417,000 | $ 109,000 | $ 56,000 |
| Joplin, MO | 11 | $ 638,000 | $ 58,000 | $ 27,000 |
| Orlando, FL | 11 | $ 2,164,000 | $ 196,727 | $ 75,000 |
| Louisville, KY-IN | 10 | $ 788,000 | $ 78,800 | $ 104,000 |
| Springfield, MO | 10 | $ 685,000 | $ 68,500 | $ 28,000 |
| Tulsa, OK | 10 | $ 781,000 | $ 78,100 | $ 41,000 |
| Dalton, GA | 9 | $ 939,000 | $ 104,333 | $ 29,000 |
| Durham, NC | 9 | $ 1,211,000 | $ 134,555 | $ 74,000 |
| Lakeland, FL | 9 | $ 1,021,000 | $ 113,444 | $ 77,000 |
| Ocala, FL | 9 | $ 1,096,000 | $ 121,777 | $ 69,000 |
| Austin-Round Rock, TX | 8 | $ 1,330,000 | $ 166,250 | $ 64,000 |
| Dallas-Plano-Irving, TX | 8 | $ 904,000 | $ 113,000 | $ 79,000 |
| Houma-Bayou Cane-Thibodaux, LA | 8 | $ 908,000 | $ 113,500 | $ 48,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 8 | $ 1,025,000 | $ 128,125 | $ 87,000 |
| Raleigh-Cary, NC | 8 | $ 1,981,000 | $ 247,625 | $ 89,000 |
| Columbia, SC | 7 | $ 974,000 | $ 139,142 | $ 82,000 |
| Gainesville, GA | 7 | $ 768,000 | $ 109,714 | $ 44,000 |
| Hot Springs, AR | 7 | $ 757,000 | $ 108,142 | $ 68,000 |
| Charleston-North Charleston, SC | 6 | $ 1,116,000 | $ 186,000 | $ 102,000 |
| Chicago-Naperville-Joliet, IL | 6 | $ 1,325,000 | $ 220,833 | $ 127,000 |
| Kingsport-Bristol-Bristol, TN-VA | 6 | $ 638,000 | $ 106,333 | $ 57,000 |
| Winston-Salem, NC | 6 | $ 546,000 | $ 91,000 | $ 73,000 |
| Baltimore-Towson, MD | 5 | $ 929,000 | $ 185,800 | $ 43,000 |
| Florence, SC | 5 | $ 514,000 | $ 102,800 | $ 40,000 |
| Jackson, TN | 5 | $ 306,000 | $ 61,200 | $ 38,000 |
| Johnson City, TN | 5 | $ 418,000 | $ 83,600 | $ 26,000 |
| Victoria, TX | 5 | $ 513,000 | $ 102,600 | $ 65,000 |
| Charlotte-Gastonia-Concord, NC-SC | 4 | $ 448,000 | $ 112,000 | $ 61,000 |
| Athens-Clarke County, GA | 3 | $ 270,000 | $ 90,000 | $ 3,988,000 |
| Brownsville-Harlingen, TX | 3 | $ 491,000 | $ 163,666 | $ 72,000 |
| College Station-Bryan, TX | 3 | $ 268,000 | $ 89,333 | $ 73,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 3 | $ 1,003,000 | $ 334,333 | $ 214,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 3 | $ 514,000 | $ 171,333 | $ 77,000 |
| Fort Worth-Arlington, TX | 3 | $ 402,000 | $ 134,000 | $ 163,000 |
| Goldsboro, NC | 3 | $ 351,000 | $ 117,000 | $ 59,000 |
| Greenville, NC | 3 | $ 336,000 | $ 112,000 | $ 52,000 |
| Lake County-Kenosha County, IL-WI | 3 | $ 619,000 | $ 206,333 | $ 169,000 |
| Macon, GA | 3 | $ 239,000 | $ 79,666 | $ 45,000 |
| Port St. Lucie-Fort Pierce, FL | 3 | $ 625,000 | $ 208,333 | $ 106,000 |
| Valdosta, GA | 3 | $ 419,000 | $ 139,666 | $ 48,000 |
| Asheville, NC | 2 | $ 289,000 | $ 144,500 | $ 51,000 |
| Brunswick, GA | 2 | $ 357,000 | $ 178,500 | $ 53,000 |
| Dayton, OH | 2 | $ 143,000 | $ 71,500 | $ 35,000 |
| Greenville, SC | 2 | $ 222,000 | $ 111,000 | $ 93,000 |
| Miami-Miami Beach-Kendall, FL | 2 | $ 213,000 | $ 106,500 | $ 138,000 |
| Tucson, AZ | 2 | $ 79,000 | $ 39,500 | $ 20,000 |
| Wilmington, NC | 2 | $ 130,000 | $ 65,000 | $ 86,000 |
| Abilene, TX | 1 | $ 74,000 | $ 74,000 | $ 24,000 |
| Albany, GA | 1 | $ 68,000 | $ 68,000 | $ 22,000 |
| Anderson, SC | 1 | $ 100,000 | $ 100,000 | $ 0 |
| Augusta-Richmond County, GA-SC | 1 | $ 81,000 | $ 81,000 | $ 84,000 |
| Beaumont-Port Arthur, TX | 1 | $ 77,000 | $ 77,000 | $ 47,000 |
| Blacksburg-Christiansburg-Radford, VA | 1 | $ 90,000 | $ 90,000 | $ 58,000 |
| Charlottesville, VA | 1 | $ 42,000 | $ 42,000 | $ 60,000 |
| Corpus Christi, TX | 1 | $ 140,000 | $ 140,000 | $ 120,000 |
| El Paso, TX | 1 | $ 7,320,000 | $ 7,320,000 | $ 0 |
| Elizabethtown, KY | 1 | $ 158,000 | $ 158,000 | $ 76,000 |
| Fort Collins-Loveland, CO | 1 | $ 176,000 | $ 176,000 | $ 146,000 |
| Gary, IN | 1 | $ 98,000 | $ 98,000 | $ 73,000 |
| Hickory-Lenoir-Morganton, NC | 1 | $ 76,000 | $ 76,000 | $ 40,000 |
| Hinesville-Fort Stewart, GA | 1 | $ 73,000 | $ 73,000 | $ 34,000 |
| Killeen-Temple-Fort Hood, TX | 1 | $ 92,000 | $ 92,000 | $ 50,000 |
| Longview, TX | 1 | $ 50,000 | $ 50,000 | $ 28,000 |
| Lubbock, TX | 1 | $ 68,000 | $ 68,000 | $ 29,000 |
| Oklahoma City, OK | 1 | $ 102,000 | $ 102,000 | $ 59,000 |
| Owensboro, KY | 1 | $ 224,000 | $ 224,000 | $ 66,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 213,000 | $ 213,000 | $ 66,000 |
| Prescott, AZ | 1 | $ 240,000 | $ 240,000 | $ 294,000 |
| Roanoke, VA | 1 | $ 102,000 | $ 102,000 | $ 57,000 |
| Rockford, IL | 1 | $ 91,000 | $ 91,000 | $ 51,000 |
| Rome, GA | 1 | $ 47,000 | $ 47,000 | $ 9,000 |
| Sarasota-Bradenton-Venice, FL | 1 | $ 98,000 | $ 98,000 | $ 58,000 |
| Spartanburg, SC | 1 | $ 140,000 | $ 140,000 | $ 44,000 |
| St. Louis, MO-IL | 1 | $ 230,000 | $ 230,000 | $ 80,000 |
| Sumter, SC | 1 | $ 207,000 | $ 207,000 | $ 51,000 |
| Tacoma, WA | 1 | $ 297,000 | $ 297,000 | $ 56,000 |
| Tallahassee, FL | 1 | $ 155,000 | $ 155,000 | $ 58,000 |
| Texarkana, Tx-Texarkana, AR | 1 | $ 86,000 | $ 86,000 | $ 93,000 |
| Waco, TX | 1 | $ 68,000 | $ 68,000 | $ 158,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 1 | $ 104,000 | $ 104,000 | $ 10,000 |
| Wichita Falls, TX | 1 | $ 46,000 | $ 46,000 | $ 74,000 |
Mortgage Loan Application Detail Totals for New South Federal Savings Bank in 2005
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 | 8,146 | $1,060,734,000 | $145,727 | $18,800,000 | $67,681 | $3,029,000 |
| Refinancing | 4,179 | $422,743,000 | $128,956 | $3,450,000 | $64,173 | $7,488,000 |
| Home Improvement | 391 | $43,177,000 | $114,300 | $650,000 | $59,250 | $409,000 |
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 | 9,017 | $1,091,048,000 | $145,360 | $3,450,000 | $76,120 | $7,488,000 |
| Black or African American | 2,943 | $276,559,000 | $122,470 | $720,000 | $55,588 | $438,000 |
| Hispanic | 363 | $46,786,000 | $128,375 | $770,000 | $53,125 | $480,000 |
| Asian | 223 | $35,038,000 | $140,133 | $640,000 | $79,266 | $309,000 |
| Not Provided | 105 | $13,363,000 | $136,000 | $552,000 | $71,866 | $360,000 |
| American Indian or Alaskan Native | 28 | $2,712,000 | $107,200 | $228,000 | $45,300 | $108,000 |
| Native Hawaiian or Other Pacific Islander | 27 | $3,225,000 | $126,111 | $295,000 | $71,000 | $420,000 |
| Not applicable | 10 | $57,923,000 | $5,056,000 | $18,800,000 | $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) | 9,809 | $1,201,124,000 | $150,800 | $18,800,000 | $76,320 | $7,488,000 |
| FHA-insured (Federal Housing Administration) | 2,122 | $215,588,000 | $108,600 | $283,000 | $48,400 | $469,000 |
| VA-guaranteed (Veterans Administration) | 670 | $98,497,000 | $144,461 | $360,000 | $52,538 | $162,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 115 | $11,445,000 | $105,500 | $194,000 | $37,500 | $432,000 |
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 | 5,461 | $691,997,000 | $134,000 | $7,905,000 | $73,545 | $7,488,000 |
| Application Denied By Financial Institution | 1,930 | $205,107,000 | $138,300 | $18,800,000 | $49,550 | $720,000 |
| File Closed For Incompleteness | 1,356 | $138,188,000 | $108,263 | $676,000 | $53,789 | $863,000 |
| Preapproval Denied by Financial Institution | 1,220 | $126,340,000 | $103,000 | $456,000 | $44,000 | $600,000 |
| Loan Purchased By The Institution | 1,203 | $160,982,000 | $133,300 | $650,000 | $66,000 | $391,000 |
| Application Approved But Not Accepted | 954 | $114,310,000 | $118,200 | $1,000,000 | $62,400 | $590,000 |
| Preapproval Approved but not Accepted | 569 | $71,501,000 | $125,000 | $688,000 | $73,000 | $420,000 |
| Application Withdrawn By Applicant | 23 | $18,229,000 | $733,666 | $7,320,000 | $39,666 | $109,000 |
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 | 2,066 | $191,732,000 | $108,888 | $1,190,000 | $47,444 | $540,000 |
| Debt-To-Income Ratio | 504 | $54,077,000 | $120,764 | $730,000 | $42,764 | $318,000 |
| Other | 180 | $18,008,000 | $100,357 | $500,000 | $55,714 | $600,000 |
| Collateral | 170 | $37,339,000 | $389,357 | $18,800,000 | $63,000 | $720,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 89 | $10,689,000 | $115,111 | $513,000 | $54,777 | $175,000 |
| Unverifiable Information | 59 | $8,849,000 | $143,300 | $850,000 | $81,900 | $300,000 |
| Employment History | 48 | $4,654,000 | $102,200 | $285,000 | $39,200 | $204,000 |
| Credit Application Incomplete | 31 | $5,878,000 | $154,555 | $2,060,000 | $65,111 | $214,000 |
| Mortgage Insurance Denied | 3 | $221,000 | $73,500 | $96,000 | $116,000 | $180,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into New South Federal Savings Bank's 2005 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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