The First, A National Banking Association Mortgage Lending & HMDA Data, 2005
In 2005, The First, A National Banking Association of Hattiesburg, MS reported 855 mortgage applications totaling $93.2 million, down 8% from 2004. The average application was for $109,016, and applicants reported an average income of $68,818. 70% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Hattiesburg, MS (476), Pascagoula, MS (94) and Gulfport-Biloxi, MS (16) (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 | 855 |
| Total Mortgage Loan Application Amount | $93,209,000 |
| Average Mortgage Loan Application Amount | $109,016 |
| Highest Mortgage Loan Application Amount | $815,000 |
| Average Applicant Income | $68,818 |
| Highest Applicant Income | $2,696,000 |
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First, A National Banking Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 419 | $45,851,000 | $252,666 | $618,000 | $254,166 | $2,696,000 |
| Refinancing | 382 | $46,206,000 | $144,500 | $815,000 | $62,500 | $1,081,000 |
| Home Improvement | 54 | $1,152,000 | $49,000 | $152,000 | $94,000 | $401,000 |
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 | 746 | $81,534,000 | $237,285 | $815,000 | $219,428 | $2,696,000 |
| Black or African American | 45 | $3,415,000 | $75,000 | $212,000 | $37,000 | $83,000 |
| Not applicable | 30 | $3,916,000 | $152,500 | $750,000 | $4,500 | $192,000 |
| Not Provided | 13 | $1,568,000 | $120,000 | $360,000 | $183,000 | $1,500,000 |
| Asian | 13 | $1,517,000 | $116,000 | $200,000 | $71,000 | $275,000 |
| Hispanic | 7 | $1,158,000 | $165,000 | $325,000 | $94,000 | $145,000 |
| American Indian or Alaskan Native | 1 | $101,000 | $101,000 | $101,000 | $95,000 | $95,000 |
| 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) | 841 | $91,879,000 | $220,571 | $815,000 | $202,714 | $2,696,000 |
| FHA-insured (Federal Housing Administration) | 7 | $525,000 | $75,000 | $123,000 | $31,000 | $77,000 |
| VA-guaranteed (Veterans Administration) | 6 | $687,000 | $114,000 | $155,000 | $49,000 | $69,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $118,000 | $118,000 | $118,000 | $82,000 | $82,000 |
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 | 600 | $63,512,000 | $220,666 | $815,000 | $212,166 | $2,696,000 |
| Application Denied By Financial Institution | 113 | $10,679,000 | $130,000 | $434,000 | $43,500 | $147,000 |
| Application Approved But Not Accepted | 108 | $14,908,000 | $247,750 | $618,000 | $160,250 | $433,000 |
| Application Withdrawn By Applicant | 22 | $2,586,000 | $167,000 | $362,000 | $229,000 | $1,500,000 |
| File Closed For Incompleteness | 12 | $1,524,000 | $78,500 | $365,000 | $55,500 | $193,000 |
| 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 | 61 | $5,246,000 | $107,000 | $300,000 | $41,000 | $103,000 |
| Debt-To-Income Ratio | 29 | $2,966,000 | $102,000 | $178,000 | $27,000 | $73,000 |
| Collateral | 6 | $632,000 | $105,000 | $434,000 | $69,000 | $147,000 |
| Unverifiable Information | 5 | $685,000 | $162,500 | $225,000 | $43,000 | $92,000 |
| Employment History | 5 | $501,000 | $100,000 | $132,000 | $43,000 | $60,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $296,000 | $74,000 | $130,000 | $45,000 | $57,000 |
| Other | 3 | $353,000 | $117,000 | $265,000 | $82,000 | $129,000 |
| 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 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 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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