The Bank-Oldham County, Inc. Mortgage Lending & HMDA Data, 2003
In 2003, The Bank-Oldham County, Inc. of Lagrange, KY reported 76 mortgage applications totaling $7.1 million. The average application was for $93,684, and applicants reported an average income of $59,605. 49% of its applications resulted in an originated loan and 26% were denied. Its largest markets were Louisville, KY-IN (55) and Nashville, TN (1).
| 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 | 76 |
| Total Mortgage Loan Application Amount | $7,120,000 |
| Average Mortgage Loan Application Amount | $93,684 |
| Highest Mortgage Loan Application Amount | $520,000 |
| Average Applicant Income | $59,605 |
| Highest Applicant Income | $171,000 |
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records The Bank-Oldham County, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for The Bank-Oldham County, Inc. 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) | 32 | $3,822,000 | $119,000 | $400,000 | $62,000 | $150,000 |
| Home Purchase (one-to-four family) | 24 | $3,014,000 | $108,500 | $520,000 | $51,500 | $171,000 |
| Home Improvement (one-to-four family) | 20 | $284,000 | $9,000 | $54,000 | $42,000 | $80,000 |
| 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 | 71 | $6,658,000 | $64,666 | $520,000 | $45,333 | $171,000 |
| Black | 4 | $379,000 | $94,000 | $130,000 | $69,000 | $111,000 |
| Information not provided by applicant in mail or telephone application | 1 | $83,000 | $83,000 | $83,000 | $25,000 | $25,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 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) | 75 | $7,044,000 | $62,666 | $520,000 | $44,000 | $171,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $76,000 | $76,000 | $76,000 | $55,000 | $55,000 |
| 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 | 37 | $2,779,000 | $40,500 | $520,000 | $54,000 | $171,000 |
| Application Denied By Financial Institution | 20 | $1,765,000 | $88,000 | $186,000 | $54,000 | $122,000 |
| Application Approved But Not Accepted | 12 | $1,762,000 | $123,000 | $250,000 | $50,500 | $89,000 |
| Application Withdrawn By Applicant | 7 | $814,000 | $102,000 | $231,000 | $44,500 | $82,000 |
| 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 |
|---|---|---|---|---|---|---|
| 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 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 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.
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