Financial Update (First Quarter 2007)


Vol. 20, No. 1,
First Quarter 2007

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

2004 2005
Apps. Received3
Loans
Originated
(number)
Apps.
Denied
(number)
Nonbank
Apps.
Received
Nonbank4
Apps.
Denied
Apps. Received3
Loans
Originated
(number)
Apps.
Denied
(number)
Nonbank
Apps.
Received
Nonbank4
Apps.
Denied
Alabama Metro Areas
Low income tracts 2,365 1,036 735 2,852 1,232 2,526 944 985 2,330 851
Moderate income tracts 18,459 9,186 4,835 26,830 10,257 20,923 9,269 7,334 23,366 7,795
Middle income tracts 52,711 32,252 10,035 73,215 22,447 58,631 32,234 15,356 66,963 18,326
Upper income tracts 37,645 26,251 4,581 46,859 10,790 38,508 24,527 6,926 44,707 8,903
Tract income not available                    
Florida Metro Areas
Low income tracts 9,043 4,362 2,857 20,793 6,386 12,654 6,138 3,905 27,293 7,642
Moderate income tracts 124,001 68,603 31,280 239,105 61,924 152,370 81,572 39,194 287,272 66,464
Middle income tracts 373,604 229,870 74,009 618,787 139,318 465,387 276,079 98,254 744,473 145,947
Upper income tracts 235,705 156,195 37,250 347,884 63,135 259,259 171,380 47,207 387,139 64,141
Tract income not available 221 180 30 122 14 531 343 89 437 98
Georgia Metro Areas
Low income tracts 10,212 5,269 2,912 17,056 5,603 12,747 6,369 3,879 20,449 6,520
Moderate income tracts 50,235 29,895 11,281 74,528 23,110 60,515 32,326 16,753 82,559 23,056
Middle income tracts 142,537 90,993 26,140 212,936 58,810 170,676 98,632 40,651 226,455 55,240
Upper income tracts 94,884 67,678 12,061 121,826 24,577 111,669 74,062 17,969 128,400 23,203
Tract income not available 3 3   10 2 10 7 1 9 4
Louisiana Metro Areas
Low income tracts 4,589 2,301 1,520 6,305 2,344 4,443 1,978 1,726 5,332 1,948
Moderate income tracts 20,397 10,689 6,187 25,590 9,351 19,856 9,410 6,814 22,479 7,842
Middle income tracts 56,922 34,615 13,004 63,988 20,110 55,584 31,409 14,286 56,556 16,382
Upper income tracts 45,177 30,803 7,134 45,434 10,993 45,195 29,085 8,049 40,520 9,147
Tract income not available 1 1   5 3       7 6
Mississippi Metro Areas
Low income tracts 848 380 317 687 275 798 339 339 851 295
Moderate income tracts 7,506 4,186 2,126 7,699 2,876 6,894 3,767 2,063 7,896 2,753
Middle income tracts 26,185 16,749 5,129 25,530 7,503 23,482 14,204 5,253 24,378 6,958
Upper income tracts 18,364 13,344 2,360 14,837 3,576 17,154 11,659 2,628 15,508 3,617
Tract income not available 17 12 1 10 3 3 2   4 2
Tennessee Metro Areas
Low income tracts 4,140 1,927 1,436 6,642 2,553 5,100 2,376 1,843 7,311 2,564
Moderate income tracts 25,564 14,359 6,769 35,927 12,952 28,996 15,426 8,444 35,906 11,300
Middle income tracts 92,197 58,537 18,599 119,434 35,967 105,081 63,394 23,452 117,957 30,954
Upper income tracts 54,234 38,224 7,595 54,196 12,363 55,707 38,550 9,437 55,029 11,225
Tract income not available 2 1   4 3 2 1 1    

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 2000 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 nor were 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.