Rayne State Bank & Trust Company Mortgage Lending & HMDA Data, 2013
In 2013, Rayne State Bank & Trust Company of Rayne, LA reported 162 mortgage applications totaling $25.3 million, up 19% from 2012. The average application was for $156,425, and applicants reported an average income of $116,913. 94% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Lafayette, LA (115), Austin-Round Rock-San Marcos, TX (1) and Baton Rouge, LA (1) (applications in parentheses).
| Mortgage Company & Address | Rayne State Bank & Trust Company 200 South Adams Avenue Rayne, LA 70578 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 162 |
| Total Mortgage Loan Application Amount | $25,341,000 |
| Average Mortgage Loan Application Amount | $156,425 |
| Highest Mortgage Loan Application Amount | $1,579,000 |
| Average Applicant Income | $116,913 |
| Highest Applicant Income | $1,800,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Rayne State Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Rayne State Bank & Trust Company 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 |
|---|---|---|---|---|---|---|
| Refinancing | 87 | $15,834,000 | $182,000 | $1,579,000 | $120,000 | $1,400,000 |
| Home Purchase | 59 | $8,293,000 | $140,000 | $704,000 | $124,000 | $1,800,000 |
| Home Improvement | 16 | $1,214,000 | $75,000 | $567,000 | $74,000 | $320,000 |
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 | 102 | $14,563,000 | $142,000 | $1,038,000 | $171,000 | $1,800,000 |
| Not applicable | 49 | $9,889,000 | $201,000 | $1,579,000 | $0 | $0 |
| Black or African American | 8 | $469,000 | $58,000 | $257,000 | $124,000 | $360,000 |
| Asian | 2 | $244,000 | $122,000 | $130,000 | $38,000 | $47,000 |
| Hispanic | 1 | $176,000 | $176,000 | $176,000 | $490,000 | $490,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 162 | $25,341,000 | $156,000 | $1,579,000 | $117,000 | $1,800,000 |
| 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 | 152 | $24,244,000 | $159,000 | $1,579,000 | $120,000 | $1,800,000 |
| Application Denied By Financial Institution | 10 | $1,097,000 | $109,000 | $340,000 | $67,000 | $110,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial 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 | 6 | $582,000 | $97,000 | $175,000 | $66,000 | $110,000 |
| Debt-To-Income Ratio | 2 | $347,000 | $173,000 | $340,000 | $91,000 | $104,000 |
| Employment History | 1 | $75,000 | $75,000 | $75,000 | $56,000 | $56,000 |
| 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 State Bank & Trust Company'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 Rayne State Bank & Trust Company'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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