The First, A National Banking Association Mortgage Lending & HMDA Data, 2018
In 2018, The First, A National Banking Association of Hattiesburg, MS reported 1,434 mortgage applications totaling $268.0 million, up 17% from 2017. The average application was for $186,875, and applicants reported an average income of $122,148. 71% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Gulfport-Biloxi-Pascagoula, MS (344), Hattiesburg, MS (197) and Jackson, MS (150) (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 | 1,434 |
| Total Mortgage Loan Application Amount | $267,980,000 |
| Average Mortgage Loan Application Amount | $186,875 |
| Highest Mortgage Loan Application Amount | $3,805,000 |
| Average Applicant Income | $122,148 |
| Highest Applicant Income | $1,368,000 |
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First, A National Banking Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2018
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 | 927 | $185,645,000 | $200,000 | $3,805,000 | $112,000 | $1,367,000 |
| Refinancing | 371 | $63,145,000 | $170,000 | $1,375,000 | $157,000 | $1,368,000 |
| Cash-out Refinancing | 123 | $17,645,000 | $143,000 | $645,000 | $94,000 | $1,178,000 |
| Home Improvement | 8 | $910,000 | $113,000 | $385,000 | $101,000 | $242,000 |
| Other Purpose | 5 | $635,000 | $127,000 | $255,000 | $144,000 | $235,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 1,056 | $202,000,000 | $191,000 | $1,805,000 | $123,000 | $1,368,000 |
| Not applicable | 175 | $33,675,000 | $192,000 | $3,805,000 | $0 | $0 |
| Black or African American | 102 | $15,740,000 | $154,000 | $625,000 | $85,000 | $561,000 |
| Asian | 39 | $6,185,000 | $158,000 | $595,000 | $166,000 | $594,000 |
| Hispanic | 29 | $5,575,000 | $192,000 | $935,000 | $127,000 | $878,000 |
| Not Provided | 25 | $3,925,000 | $157,000 | $365,000 | $101,000 | $258,000 |
| American Indian or Alaskan Native | 7 | $815,000 | $116,000 | $145,000 | $48,000 | $75,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $65,000 | $65,000 | $65,000 | $263,000 | $263,000 |
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) | 1,143 | $220,885,000 | $193,000 | $3,805,000 | $138,000 | $1,368,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 150 | $20,690,000 | $137,000 | $255,000 | $50,000 | $96,000 |
| VA-guaranteed (Veterans Administration) | 72 | $16,150,000 | $224,000 | $645,000 | $95,000 | $502,000 |
| FHA-insured (Federal Housing Administration) | 69 | $10,255,000 | $148,000 | $295,000 | $57,000 | $219,000 |
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 | 1,014 | $195,250,000 | $192,000 | $3,805,000 | $136,000 | $1,368,000 |
| Application Withdrawn By Applicant | 248 | $45,200,000 | $182,000 | $625,000 | $101,000 | $695,000 |
| Application Denied By Financial Institution | 150 | $24,250,000 | $161,000 | $605,000 | $68,000 | $293,000 |
| File Closed For Incompleteness | 12 | $2,320,000 | $193,000 | $765,000 | $104,000 | $432,000 |
| Application Approved But Not Accepted | 10 | $960,000 | $96,000 | $215,000 | $71,000 | $132,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 1,284 | $243,730,000 | $189,000 | $3,805,000 | $128,000 | $1,368,000 |
| Debt-To-Income Ratio | 58 | $10,010,000 | $172,000 | $605,000 | $56,000 | $263,000 |
| Credit History | 48 | $6,920,000 | $144,000 | $355,000 | $79,000 | $258,000 |
| Collateral | 19 | $2,815,000 | $148,000 | $455,000 | $69,000 | $293,000 |
| Mortgage Insurance Denied | 9 | $1,705,000 | $189,000 | $275,000 | $75,000 | $113,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $1,095,000 | $156,000 | $295,000 | $63,000 | $140,000 |
| Other | 6 | $1,280,000 | $213,000 | $345,000 | $104,000 | $167,000 |
| Unverifiable Information | 2 | $270,000 | $135,000 | $165,000 | $49,000 | $54,000 |
| Credit Application Incomplete | 1 | $155,000 | $155,000 | $155,000 | $39,000 | $39,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The First, A National Banking Association's 2018 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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