REPORT OF PROGRAM ACTIVITY
FISCAL YEAR 2007: July 1, 2006 June 30, 2007
1st Half of FY2007 = July 1, 2006 December 31, 2006
2nd Half of FY2007 = January 1, 2007 June 30, 2007
CRAWFORD County
in Congressional District 3
HOMEOWNERSHIP
Home-to-Own (H2O)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
Median Loan Amount |
|
07/2006 12/2006 |
40 |
$3,521,311.00 |
$88,032.78 |
$87,677.50 |
|
01/2007 06/2007 |
42 |
$3,520,482.00 |
$83,821.00 |
$79,925.00 |
|
Total FY2007 |
82 |
$7,041,793.00 |
$85,875.52 |
$83,801.25 |
|
Loan Cancellation Rate Total FY2007: |
18.8% |
Loans by Originator / Branch
|
|
7/1/06 - 12/31/06 |
1/1/07 - 6/30/07 |
TOTAL FY 2007 |
|||
|
ORIGINATOR / BRANCH |
NO. LOANS |
DOLLAR AMOUNT |
NO. LOANS |
DOLLAR AMOUNT |
NO. LOANS |
DOLLAR AMOUNT |
|
Arvest Mortgage Company, Lowell, AR |
9 |
$799,439.00 |
7 |
$532,100.00 |
16 |
$1,331,539.00 |
|
BancorpSouth, Fort Smith, AR |
3 |
$215,582.00 |
2 |
$132,833.00 |
5 |
$348,415.00 |
|
Benefit Bank, Fort Smith, AR |
15 |
$1,420,211.00 |
22 |
$1,967,614.00 |
37 |
$3,387,825.00 |
|
Citizens Bank and Trust, Van Buren, AR |
2 |
$142,754.00 |
2 |
$174,470.00 |
4 |
$317,224.00 |
|
Community First Bank, Pea Ridge, AR |
1 |
$130,000.00 |
0 |
$0.00 |
1 |
$130,000.00 |
|
First Arkansas Valley Bank, Russellville, AR |
1 |
$69,300.00 |
1 |
$66,949.00 |
2 |
$136,249.00 |
|
First Financial Bank, Fort Smith, AR |
1 |
$88,200.00 |
3 |
$235,900.00 |
4 |
$324,100.00 |
|
First Western Mortgage, Inc., Fort Smith, AR |
2 |
$141,250.00 |
0 |
$0.00 |
2 |
$141,250.00 |
|
Regions Mortgage, Inc., Little Rock, AR |
1 |
$68,918.00 |
1 |
$89,850.00 |
2 |
$158,768.00 |
|
Simmons First Mortgage of Little Rock, Fort Smith, AR |
5 |
$445,657.00 |
4 |
$320,766.00 |
9 |
$766,423.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2006 12/2006 |
33 |
$2,735,933.00 |
|
01/2007 06/2007 |
33 |
$2,474,577.00 |
|
|
Total FY2007 |
66 |
$5,210,510.00 |
|
|
New or Proposed Construction |
07/2006 12/2006 |
7 |
$785,378.00 |
|
01/2007 06/2007 |
9 |
$1,045,905.00 |
|
|
Total FY2007 |
16 |
$1,831,283.00 |
Loans by Loan Type
|
Loan Type |
Time Period |
No. Loans |
Dollar Amount |
|
FHA |
07/2006 12/2006 |
20 |
$1,626,096.00 |
|
01/2007 06/2007 |
22 |
$1,640,197.00 |
|
|
Total FY2007 |
42 |
$3,266,293.00 |
|
|
VA |
07/2006 12/2006 |
0 |
$0.00 |
|
01/2007 - 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
0 |
$0.00 |
|
|
Conventional |
07/2006 12/2006 |
3 |
$199,300.00 |
|
01/2007 06/2007 |
1 |
$89,850.00 |
|
|
Total FY2007 |
4 |
$289,150.00 |
|
|
Rural Development |
07/2006 12/2006 |
16 |
$1,556,015.00 |
|
01/2007 06/2007 |
19 |
$1,790,435.00 |
|
|
Total FY2007 |
35 |
$3,346,450.00 |
|
|
Unknown |
07/2006 12/2006 |
1 |
$139,900.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
1 |
$139,900.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2006 12/2006 |
35 |
$3,042,044.00 |
87.5% |
$40,836.62 |
$44,490.12 |
|
01/2007 06/2007 |
39 |
$3,315,443.00 |
92.8% |
$38,368.37 |
$36,306.60 |
|
|
Total FY2007 |
74 |
$6,357,487.00 |
90.2% |
$39,602.50 |
$38,352.48 |
|
|
Minority |
07/2006 12/2006 |
5 |
$479,267.00 |
12.5% |
$37,694.45 |
$33,807.96 |
|
01/2007 06/2007 |
3 |
$205,039.00 |
7.2% |
$21,827.12 |
$22,092.00 |
|
|
Total FY2007 |
8 |
$684,306.00 |
9.8% |
$29,760.79 |
$27,949.98 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2006 12/2006 |
29 |
72.5% |
|
01/2007 06/2007 |
33 |
78.5% |
|
|
Total FY2007 |
62 |
75.6% |
|
|
Female |
07/2006 12/2006 |
11 |
27.5% |
|
01/2007 06/2007 |
9 |
21.4% |
|
|
Total FY2007 |
20 |
24.4% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2006 12/2006 |
9 |
22.5% |
|
01/2007 06/2007 |
6 |
14.3% |
|
|
Total FY2007 |
15 |
18.3% |
|
|
23 to 30 |
07/2006 - 12/2006 |
17 |
42.5% |
|
01/2007 06/2007 |
21 |
50.0% |
|
|
Total FY2007 |
38 |
46.3% |
|
|
31 to 40 |
07/2006 12/2006 |
11 |
27.5% |
|
01/2007 06/2007 |
5 |
12.2% |
|
|
Total FY2007 |
16 |
19.5% |
|
|
41 to 50 |
07/2006 12/2006 |
2 |
5.0% |
|
01/2007 06/2007 |
5 |
11.9% |
|
|
Total FY2007 |
7 |
8.5% |
|
|
51 to 60 |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
3 |
7.1% |
|
|
Total FY2007 |
3 |
3.7% |
|
|
61 to 70 |
07/2006 12/2006 |
1 |
2.5% |
|
01/2007 06/2007 |
2 |
4.8% |
|
|
Total FY2007 |
3 |
3.7% |
|
|
71+ |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
0 |
0.0% |
|
|
Average Age |
07/2006 12/2006 |
29.7 |
|
|
01/2007 06/2007 |
32.5 |
||
|
Total FY2007 |
31.1 |
|
Average Household Size |
07/2006 12/2006 |