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
SEBASTIAN 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 |
82 |
$6,813,015.00 |
$83,085.55 |
$79,011.50 |
|
01/2007 06/2007 |
84 |
$7,185,438.00 |
$85,540.93 |
$84,295.00 |
|
Total FY2007 |
166 |
$13,998,453.00 |
$84,328.03 |
$81,653.25 |
|
Loan Cancellation Rate Total FY2007: |
21.0% |
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 |
|
Arvest Mortgage Company, Lowell, AR |
17 |
$1,407,625.00 |
13 |
$940,199.00 |
30 |
$2,347,824.00 |
|
BancorpSouth, Fort Smith, AR |
8 |
$666,267.00 |
7 |
$532,019.00 |
15 |
$1,198,286.00 |
|
Benefit Bank, Fort Smith, AR |
45 |
$3,755,745.00 |
55 |
$4,959,890.00 |
100 |
$8,715,635.00 |
|
Citizens Bank and Trust, Fort Smith, AR |
1 |
$121,495.00 |
0 |
$0.00 |
1 |
$121,495.00 |
|
Citizens Bank and Trust, Van Buren, AR |
1 |
$105,000.00 |
0 |
$0.00 |
1 |
$105,000.00 |
|
First Arkansas Western Mortgage, Inc., Fort Smith, AR |
6 |
$481,140.00 |
3 |
$229,825.00 |
9 |
$710,965.00 |
|
First Financial Bank, Fort Smith, AR |
1 |
$53,500.00 |
3 |
$188,250.00 |
4 |
$241,750.00 |
|
First Security Bank, Conway, AR |
0 |
$0.00 |
1 |
$95,716.00 |
1 |
$95,716.00 |
|
Simmons First Mortgage of Little Rock, Fort Smith, AR |
3 |
$222,243.00 |
2 |
$239,539.00 |
5 |
$461,782.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2006 12/2006 |
56 |
$4,238,730.00 |
|
01/2007 06/2007 |
60 |
$4,509,101.00 |
|
|
Total FY2007 |
116 |
$8,747,831.00 |
|
|
New or Proposed Construction |
07/2006 12/2006 |
26 |
$2,574,285.00 |
|
01/2007 06/2007 |
24 |
$2,676,337.00 |
|
|
Total FY2007 |
50 |
$5,250,622.00 |
Loans by Loan Type
|
Loan Type |
Time Period |
No. Loans |
Dollar Amount |
|
FHA |
07/2006 12/2006 |
71 |
$5,623,546.00 |
|
01/2007 06/2007 |
64 |
$5,345,725.00 |
|
|
Total FY2007 |
135 |
$10,969,271.00 |
|
|
VA |
07/2006 12/2006 |
1 |
$93,467.00 |
|
01/2007 - 06/2007 |
2 |
$190,407.00 |
|
|
Total FY2007 |
3 |
$283,874.00 |
|
|
Conventional |
07/2006 12/2006 |
0 |
$0.00 |
|
01/2007 06/2007 |
7 |
$512,320.00 |
|
|
Total FY2007 |
7 |
$512,320.00 |
|
|
Rural Development |
07/2006 12/2006 |
10 |
$1,096,002.00 |
|
01/2007 06/2007 |
11 |
$1,136,986.00 |
|
|
Total FY2007 |
21 |
$2,232,988.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2006 12/2006 |
68 |
$5,691,803.00 |
82.9% |
$35,219.18 |
$36,313.64 |
|
01/2007 06/2007 |
61 |
$5,077,648.00 |
72.6% |
$35,944.87 |
$36,365.76 |
|
|
Total FY2007 |
129 |
$10,769,451.00 |
77.7% |
$35,582.03 |
$36,339.70 |
|
|
Minority |
07/2006 12/2006 |
14 |
$1,121,212.00 |
17.1% |
$26,732.03 |
$25,362.00 |
|
01/2007 06/2007 |
23 |
$2,107,790.00 |
27.4% |
$34,962.18 |
$35,424.72 |
|
|
Total FY2007 |
37 |
$3,229,002.00 |
22.3% |
$30,847.11 |
$30,393.36 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2006 12/2006 |
43 |
52.4% |
|
01/2007 06/2007 |
52 |
61.9% |
|
|
Total FY2007 |
95 |
57.2% |
|
|
Female |
07/2006 12/2006 |
36 |
43.9% |
|
01/2007 06/2007 |
29 |
34.5% |
|
|
Total FY2007 |
65 |
39.2% |
|
|
Unknown |
07/2006 12/2006 |
3 |
3.7% |
|
01/2007 6/2007 |
3 |
3.6% |
|
|
Total FY2007 |
6 |
3.6% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2006 12/2006 |
12 |
14.6% |
|
01/2007 06/2007 |
8 |
9.5% |
|
|
Total FY2007 |
20 |
12.0% |
|
|
23 to 30 |
07/2006 - 12/2006 |
35 |
42.7% |
|
01/2007 06/2007 |
32 |
38.1% |
|
|
Total FY2007 |
67 |
40.4% |
|
|
31 to 40 |
07/2006 12/2006 |
25 |
30.5% |
|
01/2007 06/2007 |
27 |
32.1% |
|
|
Total FY2007 |
52 |
31.3% |
|
|
41 to 50 |
07/2006 12/2006 |
5 |
6.1% |
|
01/2007 06/2007 |
9 |
10.7% |
|
|
Total FY2007 |
14 |
8.4% |
|
|
51 to 60 |
07/2006 12/2006 |
3 |
3.7% |
|
01/2007 06/2007 |
5 |
6.0% |
|
|
Total FY2007 |
8 |
4.8% |
|
|
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 |
1 |
1.2% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
1 |
0.6% |
|
|
Unknown |
07/2006 12/2006 |
1 |
1.2% |
|
01/2007 06/2007 |
3 |
3.6% |
|
|
Total FY2007 |
4 |
2.4% |
|
|
Average Age |
07/2006 12/2006 |
30.7 |
|
|
01/2007 06/2007 |
32.6 |
||
|
Total FY2007 |