Financial Update (First Quarter 2005)


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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

  2002 2003
 
Applications Received3
Loans
Originated
(%)
Applications
Denied
(%)
Nonbank4
Apps.
Denied
(%)
 
Applications Received3
Loans
Originated
(%)
Applications
Denied
(%)
Nonbank4
Apps.
Denied (%)
Alabama Metro Areas
Low income tracts 281 56.6 28.8 34.0   412 58.5 24.3 36.0
Moderate income tracts 2,605 61.5 23.1 37.0   3,418 66.1 19.0 29.3
Lower middle income tracts 7,740 67.3 18.6 34.2   8,911 70.3 15.6 28.5
Upper middle income tracts 9,594 79.4 9.5 23.2   7,803 76.4 10.4 21.2
Upper income tracts 12,494 83.6 5.6 14.1   17,776 83.4 4.5 12.1
Tract income not available 6 16.7 50.0 42.9     - - -
Florida Metro Areas
Low income tracts 1,119 52.0 22.1 32.5   1,970 58.2 19.4 28.2
Moderate income tracts 22,008 66.1 16.7 18.7   32,718 65.5 16.0 18.4
Lower middle income tracts 58,149 71.5 12.7 14.0   57,850 71.1 12.7 14.8
Upper middle income tracts 58,500 75.5 9.7 10.9   63,219 75.5 9.2 12.4
Upper income tracts 56,972 78.9 7.0 8.0   76,853 78.3 7.2 9.2
Tract income not available 7 42.9 14.3 31.6     - - -
Georgia Metro Areas
Low income tracts 2,883 60.6 18.4 25.0   3,845 52.3 20.4 30.0
Moderate income tracts 7,020 69.1 14.8 22.3   13,129 67.4 14.2 20.8
Lower middle income tracts 16,938 76.1 10.0 15.2   18,501 73.0 11.2 15.6
Upper middle income tracts 15,683 77.6 8.9 14.0   18,461 75.0 9.8 13.1
Upper income tracts 26,493 81.3 6.2 10.2   31,158 80.5 6.3 9.5
Tract income not available 0 - - -   2 50.0 50.0 -
Louisiana Metro Areas
Low income tracts 908 61.3 22.8 34.8   1,015 63.4 19.2 27.1
Moderate income tracts 3,021 62.2 24.7 37.7   3,955 63.0 21.7 30.6
Lower middle income tracts 6,394 67.6 19.6 31.4   7,074 66.5 19.0 29.0
Upper middle income tracts 5,684 69.3 16.3 27.1   6,818 73.0 14.1 23.7
Upper income tracts 12,511 79.8 8.4 16.4   15,289 79.7 8.1 14.6
Tract income not available 0 - - -   - - - -
Mississippi Metro Areas
Low income tracts 284 58.8 27.1 49.5   219 53.9 31.1 44.5
Moderate income tracts 900 63.3 23.7 42.1   1,027 57.1 27.2 33.4
Lower middle income tracts 2,602 67.6 17.2 38.2   2,587 63.5 19.2 33.0
Upper middle income tracts 2,602 67.0 18.2 33.6   3,178 72.8 13.5 27.8
Upper income tracts 4,075 81.3 8.2 23.3   4,689 80.7 6.8 18.7
Tract income not available 0 - - -   1 - - 100.0
Tennessee Metro Areas
Low income tracts 780 58.2 24.5 46.1   1,055 59.3 22.8 41.6
Moderate income tract 5,316 68.3 16.8 38.4   5,706 66.1 17.1 34.1
Lower middle income tracts 10,255 73.4 13.0 33.4   12,521 70.7 14.1 32.5
Upper middle income tracts 9,916 75.5 11.2 26.3   13,100 75.3 10.4 23.7
Upper income tracts 18,666 80.8 7.5 13.8   20,542 79.9 6.9 11.8
Tract income not available 0 - - -   2 50.0 - 100.0

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.

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