The First, A National Banking Association Mortgage Lending & HMDA Data, 2016
In 2016, The First, A National Banking Association of Hattiesburg, MS reported 1,062 mortgage applications totaling $207.6 million, up 49% from 2015. The average application was for $195,519, and applicants reported an average income of $116,145. 73% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Jackson, MS (291), Gulfport-Biloxi-Pascagoula, MS (270) and Hattiesburg, MS (180) (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 | 1,062 |
| Total Mortgage Loan Application Amount | $207,642,000 |
| Average Mortgage Loan Application Amount | $195,519 |
| Highest Mortgage Loan Application Amount | $2,400,000 |
| Average Applicant Income | $116,145 |
| Highest Applicant Income | $2,561,000 |
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First, A National Banking Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2016
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 | 601 | $124,885,000 | $207,000 | $2,400,000 | $105,000 | $2,561,000 |
| Refinancing | 439 | $81,220,000 | $185,000 | $2,306,000 | $126,000 | $1,245,000 |
| Home Improvement | 22 | $1,537,000 | $69,000 | $675,000 | $224,000 | $897,000 |
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 | 867 | $160,314,000 | $184,000 | $1,232,000 | $127,000 | $2,561,000 |
| Black or African American | 78 | $11,552,000 | $148,000 | $450,000 | $68,000 | $255,000 |
| Not applicable | 76 | $26,394,000 | $347,000 | $2,400,000 | $0 | $33,000 |
| Asian | 14 | $2,806,000 | $200,000 | $414,000 | $244,000 | $954,000 |
| Not Provided | 12 | $2,851,000 | $237,000 | $786,000 | $124,000 | $661,000 |
| Hispanic | 10 | $2,427,000 | $242,000 | $575,000 | $118,000 | $387,000 |
| American Indian or Alaskan Native | 4 | $948,000 | $237,000 | $371,000 | $95,000 | $123,000 |
| Native Hawaiin or Other Pacific Islander | 1 | $350,000 | $350,000 | $350,000 | $1,245,000 | $1,245,000 |
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) | 807 | $165,260,000 | $204,000 | $2,400,000 | $134,000 | $2,561,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 113 | $16,188,000 | $143,000 | $331,000 | $49,000 | $105,000 |
| VA-guaranteed (Veterans Administration) | 87 | $18,075,000 | $207,000 | $513,000 | $72,000 | $215,000 |
| FHA-insured (Federal Housing Administration) | 55 | $8,119,000 | $147,000 | $283,000 | $55,000 | $221,000 |
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 | 773 | $157,235,000 | $203,000 | $2,400,000 | $127,000 | $2,561,000 |
| Application Denied By Financial Institution | 120 | $18,736,000 | $156,000 | $700,000 | $64,000 | $347,000 |
| Application Withdrawn By Applicant | 115 | $20,748,000 | $180,000 | $750,000 | $99,000 | $897,000 |
| File Closed For Incompleteness | 49 | $9,808,000 | $200,000 | $785,000 | $117,000 | $774,000 |
| Application Approved But Not Accepted | 5 | $1,115,000 | $223,000 | $272,000 | $86,000 | $150,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 45 | $7,984,000 | $177,000 | $445,000 | $56,000 | $335,000 |
| Credit History | 42 | $5,871,000 | $139,000 | $700,000 | $69,000 | $347,000 |
| Collateral | 13 | $1,716,000 | $132,000 | $312,000 | $76,000 | $166,000 |
| Other | 12 | $2,188,000 | $182,000 | $510,000 | $68,000 | $180,000 |
| Employment History | 3 | $342,000 | $114,000 | $146,000 | $73,000 | $114,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $284,000 | $94,000 | $123,000 | $39,000 | $59,000 |
| Unverifiable Information | 2 | $351,000 | $175,000 | $189,000 | $75,000 | $120,000 |
| 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 2016 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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