Financial Update (January-March 1999)

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Data Bank

The Docket

Data Bank

Home Mortgage Disclosure Act1
1997 Aggregate Metropolitan Data on Applications Received by Banks and Their Mortgage Company Subsidiaries
Conventional Home Purchase Loan Applications by Census Tract Income Level2
  Applications
Received
Loans
Originated
(%)
Approved but
not Accepted
by Applicant
(%)
Denied
(%)
Withdrawn
(%)
Incomplete
Files
(%)
Alabama Metro Areas
Low income tracts 243 52.7 7.8 32.9 5.8 0.8
Moderate income tracts 2,003 50.5 7.1 37.1 4.8 0.4
Lower middle income tracts 6,064 54.7 7.6 33.3 3.9 0.5
Upper middle income tracts 5,907 66.1 5.6 23.3 4.3 0.7
Upper income tracts 7,593 80.0 3.1 11.2 5.2 0.5
Tract income not available 7 57.1 0.0 42.9 0.0 0.0
Florida Metro Areas
Low income tracts 1,362 51.7 8.1 28.9 8.1 3.2
Moderate income tracts 17,477 58.9 8.4 23.7 6.5 2.5
Lower middle income tracts 39,836 64.9 7.4 19.4 6.0 2.3
Upper middle income tracts 39,511 71.3 6.0 15.2 5.7 1.9
Upper income tracts 52,906 75.2 5.6 11.3 5.9 1.9
Tract income not available 11 27.3 9.1 27.3 18.2 18.2
Georgia Metro Areas
Low income tracts 949 55.5 5.5 30.3 6.6 2.0
Moderate income tracts 4,335 59.4 4.8 28.1 5.7 2.1
Lower middle income tracts 11,203 69.4 4.3 18.8 6.3 1.2
Upper middle income tracts 11,000 75.7 3.5 13.4 5.9 1.5
Upper income tracts 24,056 83.0 2.8 7.5 5.6 1.1
Tract income not available 0
Louisiana Metro Areas
Low income tracts 631 46.3 8.1 38.2 5.9 1.6
Moderate income tracts 2,360 52.6 8.5 31.7 6.4 0.7
Lower middle income tracts 4,785 60.5 7.5 25.1 6.2 0.7
Upper middle income tracts 3,870 64.1 6.9 21.7 6.3 1.0
Upper income tracts 8,948 76.9 4.8 11.2 6.1 0.9
Tract income not available 0
Mississippi Metro Areas
Low income tracts 440 40.5 5.2 43.0 9.3 2.0
Moderate income tracts 1,211 44.0 7.2 41.2 6.4 1.2
Lower middle income tracts 3,315 47.7 7.1 37.2 6.7 1.4
Upper middle income tracts 3,735 53.0 7.7 33.0 5.6 0.7
Upper income tracts 3,814 75.0 3.5 13.7 6.8 0.9
Tract income not available 0
Tennessee Metro Areas
Low income tracts 259 55.2 6.2 24.7 12.0 1.9
Moderate income tracts 3,156 61.0 5.6 25.6 6.7 1.0
Lower middle income tracts 6,437 63.2 6.6 22.9 6.1 1.2
Upper middle income tracts 5,392 71.6 4.7 16.9 5.9 0.9
Upper income tracts 8,947 79.4 4.4 9.7 5.3 1.2
Tract income not available 2 100.0 0.0 0.0 0.0 0.0

1 Access http://www.ffiec.gov/hmda for more Home Mortgage Disclosure Act data, including data on applicant characteristics.
2 Census tracts are categorized by the ratio of their median family incomes to the median family income of the metropolitan statistical area. Income data is based on the 1990 Census of Population and Housing, not on reported applicant characteristics. Census tracts are defined as follows: low income (<50% of metro median family income), moderate income (>50% and <80%), lower middle income (>80% and <100%), upper middle income (>100% and <120%), and upper income (>120%).