The First, A National Banking Association Mortgage Lending & HMDA Data, 2007
In 2007, The First, A National Banking Association of Hattiesburg, MS reported 1,312 mortgage applications totaling $175.2 million, up 17% from 2006. The average application was for $133,569, and applicants reported an average income of $78,037. 71% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Hattiesburg, MS (603), Gulfport-Biloxi, MS (184) and Pascagoula, MS (159) (applications in parentheses).
| Mortgage Company & Address | The First, A National Banking Association P.O. Box 15549 Hattiesburg, MS 39404 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,312 |
| Total Mortgage Loan Application Amount | $175,243,000 |
| Average Mortgage Loan Application Amount | $133,569 |
| Highest Mortgage Loan Application Amount | $3,202,000 |
| Average Applicant Income | $78,037 |
| Highest Applicant Income | $4,297,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The First, A National Banking Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Hattiesburg, MS | 603 | $ 83,730,000 | $ 138,855 | $ 85,000 |
| Gulfport-Biloxi, MS | 184 | $ 24,641,000 | $ 133,918 | $ 82,000 |
| Pascagoula, MS | 159 | $ 18,941,000 | $ 119,125 | $ 60,000 |
| Jackson, MS | 8 | $ 1,531,000 | $ 191,375 | $ 125,000 |
| New Orleans-Metairie-Kenner, LA | 7 | $ 1,667,000 | $ 238,142 | $ 69,000 |
| Baton Rouge, LA | 3 | $ 631,000 | $ 210,333 | $ 13,000 |
| Birmingham-Hoover, AL | 2 | $ 446,000 | $ 223,000 | $ 63,000 |
| Houston-Sugar Land-Baytown, TX | 2 | $ 205,000 | $ 102,500 | $ 92,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 2 | $ 468,000 | $ 234,000 | $ 65,000 |
| Pensacola-Ferry Pass-Brent, FL | 2 | $ 472,000 | $ 236,000 | $ 230,000 |
| Atlanta-Sandy Springs-Marietta, GA | 1 | $ 165,000 | $ 165,000 | $ 43,000 |
| Cleveland, TN | 1 | $ 182,000 | $ 182,000 | $ 96,000 |
| Dallas-Plano-Irving, TX | 1 | $ 175,000 | $ 175,000 | $ 107,000 |
| Fort Walton Beach-Crestview-Destin, FL | 1 | $ 482,000 | $ 482,000 | $ 348,000 |
| Gainesville, GA | 1 | $ 212,000 | $ 212,000 | $ 45,000 |
| Lafayette, LA | 1 | $ 430,000 | $ 430,000 | $ 207,000 |
| Monroe, LA | 1 | $ 91,000 | $ 91,000 | $ 120,000 |
| New York-White Plains-Wayne, NY-NJ | 1 | $ 120,000 | $ 120,000 | $ 58,000 |
| Portland-Vancouver-Beaverton, OR-WA | 1 | $ 100,000 | $ 100,000 | $ 0 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 150,000 | $ 150,000 | $ 32,000 |
Mortgage Loan Application Detail Totals for The First, A National Banking Association 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 689 | $97,793,000 | $141,000 | $1,800,000 | $70,000 | $750,000 |
| Refinancing | 514 | $73,704,000 | $143,000 | $3,202,000 | $92,000 | $4,297,000 |
| Home Improvement | 109 | $3,746,000 | $34,000 | $302,000 | $63,000 | $512,000 |
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 | 1,095 | $142,709,000 | $130,000 | $800,000 | $86,000 | $4,297,000 |
| Black or African American | 119 | $11,858,000 | $99,000 | $329,000 | $43,000 | $151,000 |
| Not applicable | 55 | $14,472,000 | $263,000 | $3,202,000 | $0 | $0 |
| Not Provided | 19 | $2,198,000 | $115,000 | $250,000 | $79,000 | $422,000 |
| Hispanic | 16 | $2,633,000 | $164,000 | $482,000 | $92,000 | $461,000 |
| Asian | 7 | $1,188,000 | $169,000 | $466,000 | $68,000 | $150,000 |
| American Indian or Alaskan Native | 1 | $185,000 | $185,000 | $185,000 | $55,000 | $55,000 |
| Native Hawaiian or Other 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) | 1,249 | $166,283,000 | $133,000 | $3,202,000 | $79,000 | $4,297,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 26 | $3,023,000 | $116,000 | $230,000 | $41,000 | $95,000 |
| VA-guaranteed (Veterans Administration) | 19 | $3,700,000 | $194,000 | $377,000 | $62,000 | $143,000 |
| FHA-insured (Federal Housing Administration) | 18 | $2,237,000 | $124,000 | $181,000 | $65,000 | $187,000 |
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 | 929 | $123,905,000 | $133,000 | $3,202,000 | $83,000 | $4,297,000 |
| Application Denied By Financial Institution | 208 | $24,488,000 | $117,000 | $482,000 | $54,000 | $422,000 |
| Application Approved But Not Accepted | 87 | $14,181,000 | $163,000 | $720,000 | $87,000 | $479,000 |
| Application Withdrawn By Applicant | 66 | $8,674,000 | $131,000 | $319,000 | $62,000 | $251,000 |
| File Closed For Incompleteness | 22 | $3,995,000 | $181,000 | $800,000 | $82,000 | $208,000 |
| 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 | 115 | $12,069,000 | $104,000 | $367,000 | $50,000 | $216,000 |
| Debt-To-Income Ratio | 56 | $7,078,000 | $126,000 | $310,000 | $42,000 | $146,000 |
| Collateral | 25 | $4,029,000 | $161,000 | $482,000 | $107,000 | $422,000 |
| Unverifiable Information | 5 | $613,000 | $122,000 | $165,000 | $36,000 | $60,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $444,000 | $111,000 | $141,000 | $40,000 | $56,000 |
| Employment History | 2 | $205,000 | $102,000 | $106,000 | $67,000 | $104,000 |
| Other | 1 | $50,000 | $50,000 | $50,000 | $59,000 | $59,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The First, A National Banking Association'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 First, A National Banking Association'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 Mississippi, download the full spreadsheet
with aggregated HMDA statistics today.
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