The Bank-Oldham County, Inc. Mortgage Lending & HMDA Data, 2007
In 2007, The Bank-Oldham County, Inc. of Lagrange, KY reported 84 mortgage applications totaling $11.2 million, about the same as 2006. The average application was for $133,630, and applicants reported an average income of $157,523. 55% of its applications resulted in an originated loan and 18% were denied. Its largest market was Louisville-Jefferson County, KY-IN (82).
| Mortgage Company & Address | The Bank-Oldham County, Inc. Po Box 500 Lagrange, KY 40031 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 84 |
| Total Mortgage Loan Application Amount | $11,225,000 |
| Average Mortgage Loan Application Amount | $133,630 |
| Highest Mortgage Loan Application Amount | $1,500,000 |
| Average Applicant Income | $157,523 |
| Highest Applicant Income | $5,536,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The Bank-Oldham County, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Oldham, Kentucky | 55 | $ 6,159,000 | $ 111,981 | $ 90,000 |
| Jefferson, Kentucky | 16 | $ 3,718,000 | $ 232,375 | $ 460,000 |
| Henry, Kentucky | 6 | $ 378,000 | $ 63,000 | $ 67,000 |
| Trimble, Kentucky | 3 | $ 224,000 | $ 74,666 | $ 38,000 |
| Floyd, Indiana | 1 | $ 308,000 | $ 308,000 | $ 183,000 |
| Carroll, Kentucky | 1 | $ 7,000 | $ 7,000 | $ 19,000 |
| Shelby, Kentucky | 1 | $ 347,000 | $ 347,000 | $ 57,000 |
| Wayne, Kentucky | 1 | $ 84,000 | $ 84,000 | $ 150,000 |
Mortgage Loan Application Detail Totals for The Bank-Oldham County, Inc. in 2007
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 | 41 | $4,031,000 | $98,000 | $347,000 | $91,000 | $308,000 |
| Home Purchase | 36 | $6,898,000 | $191,000 | $1,500,000 | $247,000 | $5,536,000 |
| Home Improvement | 7 | $296,000 | $42,000 | $75,000 | $87,000 | $130,000 |
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 | 75 | $8,085,000 | $107,000 | $406,000 | $94,000 | $493,000 |
| Not applicable | 5 | $2,857,000 | $571,000 | $1,500,000 | $1,193,000 | $5,536,000 |
| Black or African American | 2 | $178,000 | $89,000 | $155,000 | $53,000 | $64,000 |
| Hispanic | 1 | $53,000 | $53,000 | $53,000 | $49,000 | $49,000 |
| Not Provided | 1 | $52,000 | $52,000 | $52,000 | $50,000 | $50,000 |
| 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) | 80 | $10,524,000 | $131,000 | $1,500,000 | $162,000 | $5,536,000 |
| FHA-insured (Federal Housing Administration) | 4 | $701,000 | $175,000 | $193,000 | $56,000 | $75,000 |
| 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 | 46 | $5,513,000 | $119,000 | $1,500,000 | $212,000 | $5,536,000 |
| Application Withdrawn By Applicant | 20 | $2,948,000 | $147,000 | $347,000 | $89,000 | $308,000 |
| Application Denied By Financial Institution | 15 | $2,208,000 | $147,000 | $406,000 | $104,000 | $493,000 |
| File Closed For Incompleteness | 2 | $371,000 | $185,000 | $193,000 | $63,000 | $76,000 |
| Application Approved But Not Accepted | 1 | $185,000 | $185,000 | $185,000 | $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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 The Bank-Oldham County, Inc.'s 2007 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 The Bank-Oldham County, Inc.'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 Kentucky, download the full spreadsheet
with aggregated HMDA statistics today.
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