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
pulaski 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 |
66 |
$5,589,586.00 |
$84,690.70 |
$86,492.50 |
|
01/2007 06/2007 |
44 |
$4,079,703.00 |
$92,720.52 |
$88,455.00 |
|
Total FY2007 |
110 |
$9,669,289.00 |
$87,902.63 |
$87,473.75 |
|
Loan Cancellation Rate Total FY2007: |
21.4% |
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 |
3 |
$303,295.00 |
0 |
$0.00 |
3 |
$303,295.00 |
|
Arvest Mortgage Company, Lowell, AR |
4 |
$360,209.00 |
5 |
$481,998.00 |
9 |
$842,207.00 |
|
Bank of Little Rock Mortgage, North Little Rock, AR |
0 |
$0.00 |
1 |
$71,500.00 |
1 |
$71,500.00 |
|
Bank of the Ozarks, Little Rock, AR |
4 |
$325,161.00 |
4 |
$438,925.00 |
8 |
$764,086.00 |
|
England Lending, Cabot, AR |
1 |
$98,500.00 |
0 |
$0.00 |
1 |
$98,500.00 |
|
Metropolitan National Bank, Little Rock, AR |
7 |
$496,097.00 |
4 |
$349,419.00 |
11 |
$845,516.00 |
|
Moore Mortgage, Little Rock, AR |
4 |
$305,717.00 |
3 |
$314,836.00 |
7 |
$620,553.00 |
|
One Bank & Trust, Little Rock, AR |
2 |
$230,000.00 |
1 |
$112,000.00 |
3 |
$342,000.00 |
|
Pinnacle Mortgage of Little Rock, Jacksonville, AR |
0 |
$0.00 |
1 |
$70,000.00 |
1 |
$70,000.00 |
|
Pulaski Mortgage Company, Little Rock, AR |
28 |
$2,292,220.00 |
12 |
$1,088,735.00 |
40 |
$3,380,955.00 |
|
Regions Mortgage, Inc., Little Rock, AR |
9 |
$860,487.00 |
4 |
$335,580.00 |
13 |
$1,196,067.00 |
|
Telcoe Federal Credit Union, Little Rock, AR |
0 |
$0.00 |
1 |
$146,194.00 |
1 |
$146,194.00 |
|
The Carroll Mortgage Group, Inc., Little Rock, AR |
0 |
$0.00 |
4 |
$367,259.00 |
4 |
$367,259.00 |
|
United Bank of Springdale, Little Rock, AR |
3 |
$256,270.00 |
0 |
$0.00 |
3 |
$256,270.00 |
|
US Bank Home Mortgage, North Little Rock, AR |
1 |
$61,630.00 |
4 |
$303,257.00 |
5 |
$364,887.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2006 12/2006 |
60 |
$4,858,553.00 |
|
01/2007 06/2007 |
38 |
$3,311,601.00 |
|
|
Total FY2007 |
98 |
$8,170,154.00 |
|
|
New or Proposed Construction |
07/2006 12/2006 |
6 |
$731,033.00 |
|
01/2007 06/2007 |
6 |
$768,102.00 |
|
|
Total FY2007 |
12 |
$1,499,135.00 |
Loans by Loan Type
|
Loan Type |
Time Period |
No. Loans |
Dollar Amount |
|
FHA |
07/2006 12/2006 |
58 |
$4,753,804.00 |
|
01/2007 06/2007 |
37 |
$3,451,367.00 |
|
|
Total FY2007 |
95 |
$8,205,171.00 |
|
|
VA |
07/2006 12/2006 |
2 |
$216,530.00 |
|
01/2007 - 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
2 |
$216,530.00 |
|
|
Conventional |
07/2006 12/2006 |
5 |
$537,400.00 |
|
01/2007 06/2007 |
7 |
$628,336.00 |
|
|
Total FY2007 |
12 |
$1,165,736.00 |
|
|
Rural Development |
07/2006 12/2006 |
0 |
$0.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
0 |
$0.00 |
|
|
Unknown |
07/2006 12/2006 |
1 |
$81,852.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
1 |
$81,852.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2006 12/2006 |
34 |
$3,116,308.00 |
51.5% |
$39,021.89 |
$40,232.76 |
|
01/2007 06/2007 |
14 |
$1,377,323.00 |
31.8% |
$35,588.20 |
$31,606.20 |
|
|
Total FY2007 |
48 |
$4,493,631.00 |
43.6% |
$37,305.05 |
$35,919.48 |
|
|
Minority |
07/2006 12/2006 |
32 |
$2,473,278.00 |
48.5% |
$32,222.85 |
$31,073.40 |
|
01/2007 06/2007 |
29 |
$2,556,186.00 |
65.9% |
$35,589.76 |
$34,372.68 |
|
|
Total FY2007 |
61 |
$5,029,464.00 |
55.5% |
$33,906.31 |
$32,723.04 |
|
|
Unknown |
07/2006 12/2006 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
01/2007 06/2007 |
1 |
$146,194.00 |
2.3% |
$49,319.52 |
$49,319.52 |
|
|
Total FY2007 |
1 |
$146,194.00 |
0.9% |
$49,319.52 |
$49,319.52 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2006 12/2006 |
20 |
30.3% |
|
01/2007 06/2007 |
17 |
38.6% |
|
|
Total FY2007 |
37 |
33.6% |
|
|
Female |
07/2006 12/2006 |
46 |
69.7% |
|
01/2007 06/2007 |
27 |
61.4% |
|
|
Total FY2007 |
63 |
57.3% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2006 12/2006 |
4 |
6.1% |
|
01/2007 06/2007 |
3 |
6.8% |
|
|
Total FY2007 |
7 |
6.4% |
|
|
23 to 30 |
07/2006 - 12/2006 |
31 |
47.0% |
|
01/2007 06/2007 |
17 |
38.6% |
|
|
Total FY2007 |
48 |
43.6% |
|
|
31 to 40 |
07/2006 12/2006 |
7 |
10.6% |
|
01/2007 06/2007 |
17 |