The First, A National Banking Association Mortgage Lending & HMDA Data, 2004
In 2004, The First, A National Banking Association of Hattiesburg, MS reported 925 mortgage applications totaling $95.7 million, up 71% from 2003. The average application was for $103,456, and applicants reported an average income of $65,201. 75% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Hattiesburg, MS (543), Pascagoula, MS (24) and Gulfport-Biloxi, MS (19) (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 | 925 |
| Total Mortgage Loan Application Amount | $95,697,000 |
| Average Mortgage Loan Application Amount | $103,456 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $65,201 |
| Highest Applicant Income | $1,000,000 |
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First, A National Banking Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for The First, A National Banking Association in 2004
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 | 491 | $54,488,000 | $202,800 | $810,000 | $63,400 | $684,000 |
| Home Purchase | 385 | $40,282,000 | $191,285 | $1,000,000 | $110,285 | $1,000,000 |
| Home Improvement | 49 | $927,000 | $18,000 | $324,000 | $35,000 | $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 | 816 | $84,054,000 | $165,857 | $1,000,000 | $98,428 | $1,000,000 |
| Black or African American | 48 | $3,593,000 | $95,000 | $266,000 | $40,500 | $151,000 |
| Not Provided | 22 | $1,819,000 | $101,500 | $236,000 | $78,500 | $449,000 |
| Not applicable | 18 | $3,257,000 | $368,000 | $990,000 | $666 | $62,000 |
| Asian | 12 | $2,149,000 | $324,500 | $500,000 | $94,500 | $187,000 |
| Hispanic | 6 | $431,000 | $71,000 | $150,000 | $84,000 | $199,000 |
| American Indian or Alaskan Native | 2 | $266,000 | $133,000 | $185,000 | $44,000 | $50,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $128,000 | $128,000 | $128,000 | $78,000 | $78,000 |
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) | 907 | $94,141,000 | $192,625 | $1,000,000 | $71,500 | $1,000,000 |
| FHA-insured (Federal Housing Administration) | 14 | $1,141,000 | $95,500 | $112,000 | $31,000 | $42,000 |
| VA-guaranteed (Veterans Administration) | 4 | $415,000 | $103,000 | $133,000 | $58,000 | $82,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 693 | $72,410,000 | $201,000 | $1,000,000 | $105,000 | $860,000 |
| Application Denied By Financial Institution | 120 | $11,160,000 | $48,000 | $520,000 | $33,500 | $1,000,000 |
| Application Approved But Not Accepted | 82 | $8,825,000 | $199,333 | $500,000 | $80,000 | $162,000 |
| Application Withdrawn By Applicant | 13 | $1,096,000 | $84,000 | $149,000 | $43,000 | $76,000 |
| File Closed For Incompleteness | 13 | $1,778,000 | $188,500 | $250,000 | $24,000 | $96,000 |
| Preapproval Approved but not Accepted | 4 | $428,000 | $107,000 | $130,000 | $41,000 | $60,000 |
| Preapproval Denied by Financial Institution | 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 |
|---|---|---|---|---|---|---|
| Credit History | 81 | $8,136,000 | $100,000 | $520,000 | $65,000 | $1,000,000 |
| Debt-To-Income Ratio | 18 | $1,666,000 | $50,000 | $408,000 | $24,000 | $82,000 |
| Collateral | 13 | $917,000 | $70,000 | $174,000 | $90,000 | $199,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $116,000 | $38,000 | $47,000 | $45,000 | $55,000 |
| Unverifiable Information | 3 | $201,000 | $67,000 | $96,000 | $47,000 | $80,000 |
| Other | 1 | $108,000 | $108,000 | $108,000 | $0 | $0 |
| Employment History | 1 | $16,000 | $16,000 | $16,000 | $31,000 | $31,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The First, A National Banking Association's 2004 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.
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