Rayne Building & Loan Associat Mortgage Lending & HMDA Data, 2003
In 2003, Rayne Building & Loan Associat of Rayne, LA reported 132 mortgage applications totaling $8.1 million. The average application was for $61,500, and applicants reported an average income of $45,030. 80% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Lafayette, LA (124) and Lake Charles, LA (1).
| Mortgage Company & Address | Rayne Building & Loan Associat P O Box 46 Rayne, LA 70578 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2003 |
| Total Number of Mortgage Applications | 132 |
| Total Mortgage Loan Application Amount | $8,118,000 |
| Average Mortgage Loan Application Amount | $61,500 |
| Highest Mortgage Loan Application Amount | $339,000 |
| Average Applicant Income | $45,030 |
| Highest Applicant Income | $358,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Rayne Building & Loan Associat filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Acadia, Louisiana | 112 | $ 7,049,000 | $ 62,937 | $ 46,000 |
| Lafayette, Louisiana | 12 | $ 754,000 | $ 62,833 | $ 50,000 |
| Vermilion, Louisiana | 6 | $ 206,000 | $ 34,333 | $ 33,000 |
| Calcasieu, Louisiana | 1 | $ 75,000 | $ 75,000 | $ 83,000 |
| Jefferson Davis, Louisiana | 1 | $ 34,000 | $ 34,000 | $ 37,000 |
Mortgage Loan Application Detail Totals for Rayne Building & Loan Associat 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) | 63 | $4,671,000 | $74,000 | $339,000 | $42,000 | $358,000 |
| Home Improvement (one-to-four family) | 43 | $2,318,000 | $53,000 | $178,000 | $38,000 | $153,000 |
| Home Purchase (one-to-four family) | 26 | $1,129,000 | $43,000 | $120,000 | $64,000 | $193,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 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 | 121 | $7,791,000 | $64,000 | $339,000 | $52,000 | $358,000 |
| Black | 11 | $327,000 | $29,000 | $92,000 | $30,000 | $85,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Information not provided by applicant in mail or telephone application | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian or 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) | 132 | $8,118,000 | $61,000 | $339,000 | $46,000 | $358,000 |
| 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 | 105 | $6,669,000 | $63,000 | $339,000 | $43,000 | $358,000 |
| Application Denied By Financial Institution | 17 | $884,000 | $52,000 | $137,000 | $37,000 | $97,000 |
| Application Approved But Not Accepted | 6 | $394,000 | $65,000 | $112,000 | $53,000 | $83,000 |
| Application Withdrawn By Applicant | 4 | $171,000 | $42,000 | $92,000 | $84,000 | $193,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 9 | $336,000 | $37,000 | $100,000 | $29,000 | $69,000 |
| Debt-To-Income Ratio | 8 | $548,000 | $68,000 | $137,000 | $43,000 | $97,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Rayne Building & Loan Associat'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 Rayne Building & Loan Associat'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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