The Mortgage Bank of Arkansas Mortgage Lending & HMDA Data, 2009
In 2009, The Mortgage Bank of Arkansas of Little Rock, AR reported 1,157 mortgage applications totaling $153.0 million, up 230% from 2008. The average application was for $132,226, and applicants reported an average income of $51,381. 0% of its applications resulted in an originated loan and 30% were denied. Its largest markets were Little Rock-North Little Rock-Conway, AR (270), Hot Springs, AR (76) and Fayetteville-Springdale-Rogers, AR-MO (55) (applications in parentheses).
| Mortgage Company & Address | The Mortgage Bank of Arkansas 11715 Rainwood Road C-1 Little Rock, AR 72212 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 |
| Total Number of Mortgage Applications | 1,157 |
| Total Mortgage Loan Application Amount | $152,986,000 |
| Average Mortgage Loan Application Amount | $132,226 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $51,381 |
| Highest Applicant Income | $525,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The Mortgage Bank of Arkansas filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Mortgage Bank of Arkansas in 2009
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 | 801 | $97,744,000 | $122,000 | $1,000,000 | $44,000 | $377,000 |
| Refinancing | 354 | $54,961,000 | $155,000 | $900,000 | $68,000 | $525,000 |
| Home Improvement | 2 | $281,000 | $140,000 | $153,000 | $66,000 | $79,000 |
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 | 724 | $97,559,000 | $134,000 | $1,000,000 | $57,000 | $525,000 |
| Black or African American | 258 | $31,607,000 | $122,000 | $900,000 | $41,000 | $288,000 |
| Not Provided | 111 | $15,429,000 | $139,000 | $585,000 | $48,000 | $188,000 |
| Hispanic | 46 | $5,610,000 | $121,000 | $350,000 | $39,000 | $107,000 |
| Asian | 14 | $2,247,000 | $160,000 | $302,000 | $63,000 | $160,000 |
| American Indian or Alaskan Native | 4 | $534,000 | $133,000 | $179,000 | $50,000 | $81,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 442 | $70,711,000 | $159,000 | $1,000,000 | $66,000 | $525,000 |
| FHA-insured (Federal Housing Administration) | 374 | $44,499,000 | $118,000 | $363,000 | $47,000 | $188,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 285 | $29,511,000 | $103,000 | $285,000 | $35,000 | $159,000 |
| VA-guaranteed (Veterans Administration) | 56 | $8,265,000 | $147,000 | $407,000 | $53,000 | $214,000 |
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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 350 | $47,273,000 | $135,000 | $1,000,000 | $51,000 | $450,000 |
| Preapproval Denied by Financial Institution | 343 | $37,016,000 | $107,000 | $347,000 | $36,000 | $169,000 |
| Application Withdrawn By Applicant | 260 | $39,295,000 | $151,000 | $900,000 | $73,000 | $525,000 |
| Preapproval Approved but not Accepted | 145 | $20,669,000 | $142,000 | $407,000 | $53,000 | $213,000 |
| File Closed For Incompleteness | 42 | $6,145,000 | $146,000 | $363,000 | $57,000 | $111,000 |
| Application Approved But Not Accepted | 17 | $2,588,000 | $152,000 | $306,000 | $55,000 | $180,000 |
| Loan Originated | 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 | 485 | $54,398,000 | $112,000 | $675,000 | $39,000 | $200,000 |
| Debt-To-Income Ratio | 84 | $14,135,000 | $168,000 | $1,000,000 | $46,000 | $377,000 |
| Other | 42 | $4,926,000 | $117,000 | $367,000 | $65,000 | $450,000 |
| Collateral | 34 | $4,942,000 | $145,000 | $314,000 | $71,000 | $180,000 |
| Unverifiable Information | 9 | $1,179,000 | $131,000 | $265,000 | $45,000 | $120,000 |
| Credit Application Incomplete | 5 | $470,000 | $94,000 | $137,000 | $56,000 | $126,000 |
| Employment History | 2 | $377,000 | $188,000 | $277,000 | $51,000 | $60,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $115,000 | $115,000 | $115,000 | $31,000 | $31,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Mortgage Bank of Arkansas's 2009 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 Mortgage Bank of Arkansas'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.
For a list of all lenders in Arkansas, download the full spreadsheet
with aggregated HMDA statistics today.
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