Financial Update (First Quarter 2002)

Masthead

Cover Story

Bank Securitization

Subordinated Debt

Board Appointments

Small Banks

Atlanta Fed Board

Guynn’s Speech

2002 Outlook

DEPARTMENTS

Did You Know?

Data Bank

The Docket

Data Bank

Home Mortgage Disclosure Act1
Aggregate Metropolitan Data on Applications Received by
Banks and Their Mortgage Company Subsidiaries
Conventional Home Purchase Loan Applications by Census Tract Income Level2
  1999 2000
  Applications
Received3
Loans
Originated
(%)
Applications
Denied
(%)
Nonbank
Applications
Denied (%)4
Applications
Received3
Loans
Originated
(%)
Applications
Denied
(%)
Nonbank
Applications
Denied (%)4
Alabama Metro Areas
Low income tracts      278 59.0 35.6 59.4      358 44.7 39.9 48.7
Moderate income tracts   2,482 48.1 36.1 56.5   2,865 46.6 37.6 51.2
Lower middle income tracts   7,527 53.9 32.1 48.6   8,375 46.5 37.2 46.8
Upper middle income tracts   7,394 66.7 21.8 42.2   7,412 57.9 27.9 38.0
Upper income tracts   8,619 75.7 13.0 25.2   8,134 71.3 16.5 21.9
Tract income not available       37 5.4 73.0 67.9       39 10.3 76.9 50.0
Florida Metro Areas
Low income tracts   2,156 42.5 32.0 42.8   3,158 43.0 36.8 37.1
Moderate income tracts 25,191 56.1 25.5 31.8 31,244 53.4 28.2 26.1
Lower middle income tracts 58,434 61.9 21.1 26.2 67,789 58.7 24.0 21.3
Upper middle income tracts 57,436 68.1 16.2 19.6 61,936 65.1 19.1 15.8
Upper income tracts 70,988 73.3 11.9 13.1 73,193 71.6 13.5 10.7
Tract income not available       55 16.4 70.9 32.4       33 12.1 72.7 46.4
Georgia Metro Areas
Low income tracts   1,810 53.9 28.0 38.3   2,698 54.9 29.0 31.0
Moderate income tracts   6,803 62.6 22.9 38.9   8,323 58.1 27.0 30.4
Lower middle income tracts 17,779 70.4 17.7 30.6 19,497 63.3 23.5 25.2
Upper middle income tracts 16,841 73.8 14.6 27.5 17,655 67.2 19.8 21.9
Upper income tracts 32,178 81.0 17.4 14.5 30,228 77.9 11.2 12.8
Tract income not available         2 50.0 50.0
Louisiana Metro Areas
Low income tracts      788 45.3 37.6 43.8      941 41.2 39.0 38.2
Moderate income tracts   2,811 49.7 32.4 46.7   3,710 44.8 37.2 37.6
Lower middle income tracts   6,075 55.2 28.6 42.5   7,170 49.1 32.3 35.7
Upper middle income tracts   4,970 57.2 25.8 35.7   5,772 50.5 31.3 31.3
Upper income tracts   9,792 70.4 14.9 21.1   9,787 70.0 16.1 16.7
Tract income not available
Mississippi Metro Areas
Low income tracts      454 39.9 45.4 50.9      436 41.5 45.0 53.3
Moderate income tracts   1,331 52.7 32.8 58.8   1,368 50.5 34.3 49.0
Lower middle income tracts   3,553 53.0 32.0 48.7   3,717 52.2 31.3 42.8
Upper middle income tracts   4,007 54.4 31.1 50.3   3,941 49.1 34.6 41.0
Upper income tracts   4,179 74.3 13.4 49.6   3,789 71.6 16.1 24.4
Tract income not available
Tennessee Metro Areas
Low income tracts      340 40.6 36.5 51.4      491 43.2 38.9 46.7
Moderate income tracts   3,938 57.4 26.4 44.9   5,000 50.3 32.3 44.5
Lower middle income tracts   7,820 60.2 23.8 40.2   9,205 53.7 30.3 38.6
Upper middle income tracts   6,493 64.9 19.9 33.0   7,598 59.5 25.4 30.8
Upper income tracts   8,964 76.7 10.0 21.1   9,012 73.9 12.5 18.4
Tract income not available
1 Access 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 are 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%).
3 Applications that did not result in an origination and were not denied were cancelled by applicants through either nonacceptance, withdrawal or noncompletion of an application.
4 “Nonbanks” are thrifts, thrift mortgage subsidiaries, credit unions, credit union mortgage subsidiaries and independent mortgage companies.