Sb&T Mortgage Lending & HMDA Data, 2005
In 2005, Sb&T of Albany, GA reported 164 mortgage applications totaling $26.4 million, down 29% from 2004. The average application was for $160,713, and applicants reported an average income of $61,768. 91% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Albany, GA (144), Panama City-Lynn Haven, FL (3) and Macon, GA (1) (applications in parentheses).
| Mortgage Company & Address | Sb&T Po Box 1912 Albany, GA 31703 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 164 |
| Total Mortgage Loan Application Amount | $26,357,000 |
| Average Mortgage Loan Application Amount | $160,713 |
| Highest Mortgage Loan Application Amount | $3,362,000 |
| Average Applicant Income | $61,768 |
| Highest Applicant Income | $460,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Sb&T filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Albany, GA | 144 | $ 21,009,000 | $ 145,895 | $ 53,000 |
| Panama City-Lynn Haven, FL | 3 | $ 1,245,000 | $ 415,000 | $ 231,000 |
| Macon, GA | 1 | $ 97,000 | $ 97,000 | $ 120,000 |
Mortgage Loan Application Detail Totals for Sb&T 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 |
|---|---|---|---|---|---|---|
| Refinancing | 95 | $20,848,000 | $362,500 | $3,362,000 | $109,500 | $460,000 |
| Home Purchase | 54 | $5,251,000 | $227,000 | $1,010,000 | $185,000 | $350,000 |
| Home Improvement | 15 | $258,000 | $17,000 | $140,000 | $39,000 | $170,000 |
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 | 100 | $10,321,000 | $254,000 | $2,613,000 | $149,000 | $460,000 |
| Not applicable | 43 | $15,138,000 | $352,000 | $3,362,000 | $0 | $0 |
| Black or African American | 16 | $769,000 | $48,000 | $372,000 | $73,000 | $297,000 |
| Not Provided | 3 | $64,000 | $21,000 | $55,000 | $35,000 | $63,000 |
| Hispanic | 2 | $65,000 | $32,000 | $43,000 | $53,000 | $58,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 164 | $26,357,000 | $285,000 | $3,362,000 | $143,500 | $460,000 |
| 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 | 150 | $25,811,000 | $291,000 | $3,362,000 | $145,500 | $460,000 |
| Application Denied By Financial Institution | 11 | $236,000 | $21,000 | $52,000 | $35,000 | $68,000 |
| Application Approved But Not Accepted | 3 | $310,000 | $103,000 | $135,000 | $86,000 | $120,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 8 | $194,000 | $24,000 | $52,000 | $34,000 | $64,000 |
| Credit History | 3 | $42,000 | $14,000 | $21,000 | $39,000 | $68,000 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Sb&T'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 Sb&T'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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