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
Saline 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 |
16 |
$1,403,196.00 |
$87,699.75 |
$86,228.50 |
|
01/2007 06/2007 |
31 |
$2,835,451.00 |
$91.466.16 |
$86,317.00 |
|
Total FY2007 |
47 |
$4,238,647.00 |
$90,183.98 |
$86,272.75 |
|
Loan Cancellation Rate Total FY2007: |
17.5% |
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 |
|
1st Security, Searcy, AR |
1 |
$67,467.00 |
0 |
$0.00 |
1 |
$67,467.00 |
|
Arvest Mortgage Company, Lowell, AR |
0 |
$0.00 |
1 |
$97,186.00 |
1 |
$97,186.00 |
|
Bank of Little Rock Mortgage, Benton, AR |
0 |
$0.00 |
2 |
$218,671.00 |
2 |
$218,671.00 |
|
Bank of the Ozarks, Little Rock, AR |
1 |
$96,387.00 |
0 |
$0.00 |
1 |
$96,387.00 |
|
Elk Horn Bank Trust, Arkadelphia, AR |
0 |
$0.00 |
1 |
$139,900.00 |
1 |
$139,900.00 |
|
Metropolitan National Bank, Little Rock, AR |
1 |
$40,092.00 |
1 |
$94,254.00 |
2 |
$134,346.00 |
|
Moore Mortgage, Little Rock, AR |
1 |
$105,346.00 |
5 |
$414,806.00 |
6 |
$520,152.00 |
|
One Bank & Trust, Little Rock, AR |
3 |
$302,300.00 |
1 |
$142,000.00 |
4 |
$444,300.00 |
|
Pulaski Mortgage Company, Little Rock, AR |
1 |
$87,132.00 |
6 |
$576,225.00 |
7 |
$663,357.00 |
|
Regions Mortgage, Inc., Benton, AR |
5 |
$463,697.00 |
5 |
$415,477.00 |
10 |
$879,174.00 |
|
Regions Mortgage, Inc., Little Rock, AR |
0 |
$0.00 |
1 |
$130,950.00 |
1 |
$130,950.00 |
|
Simmons First National Bank, Pine Bluff, AR |
0 |
$0.00 |
1 |
$110,269.00 |
1 |
$110,269.00 |
|
Summit Bank, Inc., Benton, AR |
1 |
$79,250.00 |
2 |
$119,673.00 |
3 |
$198,923.00 |
|
Summit Bank, Inc., Hot Springs, AR |
0 |
$0.00 |
1 |
$104,300.00 |
1 |
$104,300.00 |
|
Telcoe Federal Credit Union, Little Rock, AR |
0 |
$0.00 |
1 |
$115,090.00 |
1 |
$115,090.00 |
|
The Carroll Mortgage Group, Inc., Little Rock, AR |
1 |
$101,753.00 |
0 |
$0.00 |
1 |
$101,753.00 |
|
US Bank Home Mortgage, North Little Rock, AR |
1 |
$59,772.00 |
3 |
$156,650.00 |
4 |
$216,422.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2006 12/2006 |
14 |
$1,190,257.00 |
|
01/2007 06/2007 |
26 |
$2,237,584.00 |
|
|
Total FY2007 |
40 |
$3,427,841.00 |
|
|
New or Proposed Construction |
07/2006 12/2006 |
2 |
$212,939.00 |
|
01/2007 06/2007 |
5 |
$597,867.00 |
|
|
Total FY2007 |
7 |
$810,806.00 |
Loans by Loan Type
|
Loan Type |
Time Period |
No. Loans |
Dollar Amount |
|
FHA |
07/2006 12/2006 |
11 |
$909,243.00 |
|
01/2007 06/2007 |
21 |
$1,869,627.00 |
|
|
Total FY2007 |
32 |
$2,778,870.00 |
|
|
VA |
07/2006 12/2006 |
1 |
$89,900.00 |
|
01/2007 - 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
1 |
$89,900.00 |
|
|
Conventional |
07/2006 12/2006 |
4 |
$404,053.00 |
|
01/2007 06/2007 |
10 |
$965,824.00 |
|
|
Total FY2007 |
14 |
$1,369,877.00 |
|
|
Rural Development |
07/2006 12/2006 |
0 |
$0.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
0 |
$0.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2006 12/2006 |
13 |
$1,114,663.00 |
81.2% |
$41,108.18 |
$43,728.00 |
|
01/2007 06/2007 |
26 |
$2,366,564.00 |
83.9% |
$36,879.93 |
$39,738.90 |
|
|
Total FY2007 |
39 |
$3,481,227.00 |
83.0% |
$38,994.06 |
$41,733.45 |
|
|
Minority |
07/2006 12/2006 |
3 |
$288,533.00 |
18.8% |
$42,548.44 |
$43,260.00 |
|
01/2007 06/2007 |
5 |
$468,887.00 |
16.1% |
$29,161.34 |
$32,316.00 |
|
|
Total FY2007 |
8 |
$757,420.00 |
17.0% |
$35,854.89 |
$37,788.00 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2006 12/2006 |
9 |
56.3% |
|
01/2007 06/2007 |
20 |
64.5% |
|
|
Total FY2007 |
29 |
61.7% |
|
|
Female |
07/2006 12/2006 |
7 |
43.7% |
|
01/2007 06/2007 |
11 |
35.5% |
|
|
Total FY2007 |
18 |
38.3% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2006 12/2006 |
2 |
12.5% |
|
01/2007 06/2007 |
6 |
19.4% |
|
|
Total FY2007 |
8 |
17.0% |
|
|
23 to 30 |
07/2006 - 12/2006 |
6 |
37.5% |
|
01/2007 06/2007 |
14 |
45.2% |
|
|
Total FY2007 |
20 |
42.6% |
|
|
31 to 40 |
07/2006 12/2006 |
3 |
18.6% |
|
01/2007 06/2007 |
5 |
16.1% |
|
|
Total FY2007 |
8 |
17.0% |
|
|
41 to 50 |
07/2006 12/2006 |
1 |
1.2% |
|
01/2007 06/2007 |
4 |
12.9% |
|
|
Total FY2007 |
5 |
10.6% |
|
|
51 to 60 |