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
FAULKNER County
in Congressional District 2
HOMEOWNERSHIP
Home-to-Own (H2O)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
Median Loan Amount |
|
07/2006 12/2006 |
12 |
$1,108,766.00 |
$92,397.17 |
$90,231.50 |
|
01/2007 06/2007 |
10 |
$891,496.00 |
$89,149,60 |
$89,962.50 |
|
Total FY2007 |
22 |
$2,000,262.00 |
$90,921.00 |
$90,097.00 |
|
Loan Cancellation Rate Total FY2007: |
29.0% |
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 |
|
Arkansas Federal Credit Union, Jacksonville, AR |
0 |
$0.00 |
1 |
$93,227.00 |
1 |
$93,227.00 |
|
Bank of Little Rock Mortgage, North Little Rock, AR |
0 |
$0.00 |
1 |
$90,640.00 |
1 |
$90,640.00 |
|
Bank of the Ozarks, Little Rock, AR |
1 |
$49,955.00 |
1 |
$88,230.00 |
2 |
$138,185.00 |
|
First Security Bank, Conway, AR |
2 |
$292,208.00 |
3 |
$237,615.00 |
5 |
$529,823.00 |
|
First State Bank, Conway, AR |
0 |
$0.00 |
1 |
$113,403.00 |
1 |
$113,403.00 |
|
Metropolitan National Bank, Little Rock, AR |
2 |
$212,221.00 |
0 |
$0.00 |
2 |
$212,221.00 |
|
Pulaski Mortgage Company, Little Rock, AR |
6 |
$468,919.00 |
0 |
$0.00 |
6 |
$468,919.00 |
|
Pulaski Mortgage, Inc., Conway, AR |
0 |
$0.00 |
2 |
$189,617.00 |
2 |
$189,617.00 |
|
Regions Mortgage, Inc., Little Rock, AR |
0 |
$0.00 |
1 |
$78,764.00 |
1 |
$78,764.00 |
|
United Bank of Springdale, Conway, AR |
1 |
$85,463.00 |
0 |
$0.00 |
1 |
$85,463.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2006 12/2006 |
8 |
$661,314.00 |
|
01/2007 06/2007 |
9 |
$803,266.00 |
|
|
Total FY2007 |
17 |
$1,464,580.00 |
|
|
New or Proposed Construction |
07/2006 12/2006 |
4 |
$447,452.00 |
|
01/2007 06/2007 |
1 |
$88,230.00 |
|
|
Total FY2007 |
5 |
$535,682.00 |
Loans by Loan Type
|
Loan Type |
Time Period |
No. Loans |
Dollar Amount |
|
FHA |
07/2006 12/2006 |
10 |
$951,766.00 |
|
01/2007 06/2007 |
7 |
$623,341.00 |
|
|
Total FY2007 |
17 |
$1,575,107.00 |
|
|
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 |
1 |
$95,000.00 |
|
01/2007 06/2007 |
1 |
$90,640.00 |
|
|
Total FY2007 |
2 |
$185,640.00 |
|
|
Rural Development |
07/2006 12/2006 |
1 |
$62,000.00 |
|
01/2007 06/2007 |
2 |
$177,515.00 |
|
|
Total FY2007 |
3 |
$239,515.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2006 12/2006 |
10 |
$845,995.00 |
83.3% |
$34,836.83 |
$32,527.74 |
|
01/2007 06/2007 |
8 |
$733,289.00 |
80.0% |
$34,269.15 |
$36,760.62 |
|
|
Total FY2007 |
18 |
$1,579,284.00 |
81.8% |
$34,552.99 |
$34,644.18 |
|
|
Minority |
07/2006 12/2006 |
2 |
$262,771.00 |
16.7% |
$43,125.60 |
$43,125.60 |
|
01/2007 06/2007 |
2 |
$158,207.00 |
20.0% |
$42,737.52 |
$42,737.52 |
|
|
Total FY2007 |
4 |
$420,978.00 |
18.2% |
$42,931.56 |
$42,931.56 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2006 12/2006 |
7 |
58.3% |
|
01/2007 06/2007 |
3 |
30.0% |
|
|
Total FY2007 |
10 |
45.5% |
|
|
Female |
07/2006 12/2006 |
4 |
33.3% |
|
01/2007 06/2007 |
7 |
70.0% |
|
|
Total FY2007 |
11 |
50.0% |
|
|
Unknown |
07/2006 12/2006 |
1 |
8.3% |
|
01/2007 6/2007 |
0 |
0.0% |
|
|
Total FY2007 |
1 |
4.5% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2006 12/2006 |
1 |
8.3% |
|
01/2007 06/2007 |
3 |
30.0% |
|
|
Total FY2007 |
4 |
18.2% |
|
|
23 to 30 |
07/2006 - 12/2006 |
7 |
58.3% |
|
01/2007 06/2007 |
4 |
40.0% |
|
|
Total FY2007 |
11 |
50.0% |
|
|
31 to 40 |
07/2006 12/2006 |
1 |
8.3% |
|
01/2007 06/2007 |
2 |
20.0% |
|
|
Total FY2007 |
3 |
13.6% |
|
|
41 to 50 |
07/2006 12/2006 |
2 |
16.7% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
2 |
9.1% |
|
|
51 to 60 |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
1 |
10.0% |
|
|
Total FY2007 |
1 |
4.5% |
|
|
61 to 70 |
07/2006 12/2006 |
1 |
8.3% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
1 |
4.5% |
|
|
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 |
32.3 |
|
|
01/2007 06/2007 |
28.8 |
||
|
Total FY2007 |
30.6 |
|
Average Household Size |
07/2006 12/2006 |