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
Lee County
in Congressional District 1
HOMEOWNERSHIP
Home-to-Own (H2O)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
Median Loan Amount |
|
07/2006 12/2006 |
1 |
$80,000.00 |
$80,000.00 |
$80,000.00 |
|
01/2007 06/2007 |
3 |
$195,348.00 |
$65,116.00 |
$50,090.00 |
|
Total FY2007 |
4 |
$275,348.00 |
$72,558.00 |
$65,045.00 |
|
Loan Cancellation Rate Total FY2007: |
0.0% |
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 |
|
Pulaski Mortgage Company, Forrest City, AR |
1 |
$80,000.00 |
2 |
$145,258.00 |
3 |
$225,258.00 |
|
Pulaski Mortgage Company, West Memphis, AR |
0 |
$0.00 |
1 |
$50,090.00 |
1 |
$50,090.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2006 12/2006 |
1 |
$80,000 |
|
01/2007 06/2007 |
3 |
$195,348.00 |
|
|
Total FY2007 |
4 |
$275,348.00 |
|
|
New or Proposed Construction |
07/2006 12/2006 |
0 |
$0.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
0 |
$0.00 |
Loans by Loan Type
|
Loan Type |
Time Period |
No. Loans |
Dollar Amount |
|
FHA |
07/2006 12/2006 |
0 |
$0.00 |
|
01/2007 06/2007 |
2 |
$97,348.00 |
|
|
Total FY2007 |
2 |
$97,348.00 |
|
|
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 |
0 |
$0.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
0 |
$0.00 |
|
|
Rural Development |
07/2006 12/2006 |
1 |
$80,000.00 |
|
01/2007 06/2007 |
1 |
$98,000.00 |
|
|
Total FY2007 |
2 |
$178,000.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2006 12/2006 |
1 |
$80,000.00 |
100.0% |
$40,942.00 |
$40,942.00 |
|
01/2007 06/2007 |
1 |
$47,258.00 |
33.3% |
$23,913.84 |
$23,913.84 |
|
|
Total FY2007 |
2 |
$127,258.00 |
50.0% |
$32,427.92 |
$32,427.92 |
|
|
Minority |
07/2006 12/2006 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
01/2007 06/2007 |
2 |
$148,090.00 |
66.7% |
$47,569.50 |
$47,569.50 |
|
|
Total FY2007 |
2 |
$148,090.00 |
50.0% |
$47,569.50 |
$47,569.50 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
2 |
66.7% |
|
|
Total FY2007 |
2 |
50.0% |
|
|
Female |
07/2006 12/2006 |
1 |
100.0% |
|
01/2007 06/2007 |
1 |
33.3% |
|
|
Total FY2007 |
2 |
50.0% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
0 |
0.0% |
|
|
23 to 30 |
07/2006 - 12/2006 |
1 |
100.0% |
|
01/2007 06/2007 |
3 |
100.0% |
|
|
Total FY2007 |
4 |
100.0% |
|
|
31 to 40 |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
0 |
0.0% |
|
|
41 to 50 |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
0 |
0.0% |
|
|
51 to 60 |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
0 |
0.0% |
|
|
61 to 70 |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
0 |
0.0% |
|
|
71+ |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
0 |
0.0% |
|
|
Average Age |
07/2006 06/2007 |
24.0 |
|
|
01/2007 06/2007 |
27.3 |
||
|
Total FY2007 |
25.7 |
|
Average Household Size |
07/2006 12/2006 |
2.0 |
|
01/2007 06/2007 |
2.0 |
|
|
Total FY2007 |
2.0 |
Down Payment Assistance Program (DPA)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
% of H2O Loans |
|
07/2006 12/2006 |
1 |
$3,000.00 |
$3,000.00 |
100.0% |
|
01/2007 06/2007 |
3 |
$12,244.00 |
$4,081.33 |
100.0% |
|
Total FY2007 |
4 |
$15,244.00 |
$3,811.00 |
100.0% |
|
Loan Cancellation - Total FY2007: |
0.0% |
Loans by Homebuyer Counselor
|
|
7/1/06 - 12/31/06 |
1/1/07 - 6/30/07 |
TOTAL FY 2007 |
|||
|
HOMEBUYER COUNSELOR |
NO. LOANS |
DOLLAR AMOUNT |
NO. LOANS |
DOLLAR AMOUNT |
NO. LOANS |
DOLLAR AMOUNT |
|
Mississippi County EOC |
1 |
$3,000.00 |
3 |
$12,244.00 |
4 |
$15,244.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2006 12/2006 |
1 |
$3,000.00 |
|
01/2007 06/2007 |
3 |
$12,244.00 |
|
|
Total FY2007 |
4 |
$15,244.00 |
|
|
New or Proposed Construction |
07/2006 12/2006 |
0 |
$0.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |