Rayne State Bank & Trust Company Mortgage Lending & HMDA Data, 2015
In 2015, Rayne State Bank & Trust Company of Rayne, LA reported 141 mortgage applications totaling $25.6 million, down 7% from 2014. The average application was for $181,638, and applicants reported an average income of $129,567. 94% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Lafayette, LA (125), Lake Charles, LA (4) 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 | 141 |
| Total Mortgage Loan Application Amount | $25,611,000 |
| Average Mortgage Loan Application Amount | $181,638 |
| Highest Mortgage Loan Application Amount | $4,500,000 |
| Average Applicant Income | $129,567 |
| 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Rayne State Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2015
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 | 80 | $15,470,000 | $193,000 | $4,500,000 | $132,000 | $1,800,000 |
| Home Purchase | 41 | $9,069,000 | $221,000 | $3,000,000 | $149,000 | $722,000 |
| Home Improvement | 20 | $1,072,000 | $53,000 | $175,000 | $80,000 | $352,000 |
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 | 107 | $13,825,000 | $129,000 | $899,000 | $154,000 | $1,800,000 |
| Not applicable | 22 | $10,485,000 | $476,000 | $4,500,000 | $0 | $0 |
| Black or African American | 8 | $279,000 | $34,000 | $62,000 | $100,000 | $183,000 |
| Asian | 4 | $1,022,000 | $255,000 | $541,000 | $249,000 | $365,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 136 | $25,353,000 | $186,000 | $4,500,000 | $132,000 | $1,800,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 5 | $258,000 | $51,000 | $103,000 | $78,000 | $129,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 133 | $25,341,000 | $190,000 | $4,500,000 | $136,000 | $1,800,000 |
| Application Denied By Financial Institution | 8 | $270,000 | $33,000 | $62,000 | $28,000 | $44,000 |
| 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 | 5 | $222,000 | $44,000 | $62,000 | $31,000 | $44,000 |
| Debt-To-Income Ratio | 3 | $48,000 | $16,000 | $32,000 | $23,000 | $30,000 |
| 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 State Bank & Trust Company's 2015 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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