The First, A National Banking Association Mortgage Lending & HMDA Data, 2017
In 2017, The First, A National Banking Association of Hattiesburg, MS reported 1,229 mortgage applications totaling $236.0 million, up 16% from 2016. The average application was for $192,017, and applicants reported an average income of $104,022. 75% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Gulfport-Biloxi-Pascagoula, MS (350), Jackson, MS (179) and Hattiesburg, MS (154) (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 | 1,229 |
| Total Mortgage Loan Application Amount | $235,989,000 |
| Average Mortgage Loan Application Amount | $192,017 |
| Highest Mortgage Loan Application Amount | $2,720,000 |
| Average Applicant Income | $104,022 |
| 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First, A National Banking Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2017
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 | 814 | $155,475,000 | $191,000 | $2,720,000 | $101,000 | $2,561,000 |
| Refinancing | 386 | $77,982,000 | $202,000 | $2,411,000 | $111,000 | $1,169,000 |
| Home Improvement | 29 | $2,532,000 | $87,000 | $364,000 | $96,000 | $275,000 |
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 | 949 | $180,299,000 | $189,000 | $1,529,000 | $122,000 | $2,561,000 |
| Not applicable | 142 | $34,533,000 | $243,000 | $2,720,000 | $0 | $0 |
| Black or African American | 73 | $10,136,000 | $138,000 | $396,000 | $75,000 | $782,000 |
| Hispanic | 24 | $3,297,000 | $137,000 | $344,000 | $60,000 | $211,000 |
| Not Provided | 17 | $2,871,000 | $168,000 | $377,000 | $110,000 | $286,000 |
| Asian | 14 | $3,438,000 | $245,000 | $895,000 | $111,000 | $352,000 |
| American Indian or Alaskan Native | 7 | $1,020,000 | $145,000 | $265,000 | $237,000 | $1,245,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $395,000 | $131,000 | $169,000 | $52,000 | $61,000 |
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) | 949 | $190,261,000 | $200,000 | $2,720,000 | $118,000 | $2,561,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 139 | $19,412,000 | $139,000 | $343,000 | $47,000 | $155,000 |
| VA-guaranteed (Veterans Administration) | 90 | $18,404,000 | $204,000 | $581,000 | $73,000 | $188,000 |
| FHA-insured (Federal Housing Administration) | 51 | $7,912,000 | $155,000 | $280,000 | $60,000 | $170,000 |
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 | 918 | $182,113,000 | $198,000 | $2,720,000 | $110,000 | $2,561,000 |
| Application Withdrawn By Applicant | 159 | $29,437,000 | $185,000 | $800,000 | $98,000 | $573,000 |
| Application Denied By Financial Institution | 113 | $16,436,000 | $145,000 | $900,000 | $64,000 | $418,000 |
| File Closed For Incompleteness | 33 | $6,880,000 | $208,000 | $680,000 | $100,000 | $540,000 |
| Application Approved But Not Accepted | 6 | $1,123,000 | $187,000 | $424,000 | $93,000 | $131,000 |
| 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 | 43 | $6,676,000 | $155,000 | $417,000 | $49,000 | $129,000 |
| Credit History | 31 | $3,135,000 | $101,000 | $343,000 | $65,000 | $170,000 |
| Collateral | 22 | $3,891,000 | $176,000 | $900,000 | $107,000 | $418,000 |
| Employment History | 7 | $865,000 | $123,000 | $153,000 | $32,000 | $45,000 |
| Mortgage Insurance Denied | 4 | $538,000 | $134,000 | $175,000 | $49,000 | $57,000 |
| Other | 4 | $768,000 | $192,000 | $290,000 | $48,000 | $65,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $563,000 | $281,000 | $488,000 | $87,000 | $158,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The First, A National Banking Association's 2017 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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