Congressional District 3
 |
|
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
HOMEOWNERSHIP
Home-to-Own (H2O)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
Median Loan Amount |
|
07/2006 – 12/2006 |
258 |
$23,301,906.00 |
$90,317.47 |
$88,100.00 |
|
01/2007 – 06/2007 |
267 |
$23,770,548.00 |
$89,028.27 |
$73,600.00 |
|
Total FY2007 |
525 |
$47,072,454.00 |
$89,661.82 |
$80,850.00 |
|
Loan Cancellation Rate – Total FY2007: |
18.4% |
Loans by Originator / Branch
|
|
|
7/1/06 - 12/31/06 |
1/1/07 - 6/30/07 |
TOTAL FY 2007 |
|||
|
ORIGINATOR / BRANCH |
COUNTY |
NO. LOANS |
DOLLAR AMOUNT |
NO. LOANS |
DOLLAR AMOUNT |
NO. LOANS |
DOLLAR AMOUNT |
|
Arvest Mortgage Company, Lowell, AR
|
Benton |
16 |
$1,895,880.00 |
18 |
$2,135,350.00 |
34 |
$4,031,230.00 |
|
Crawford |
9 |
$799,439.00 |
7 |
$532,100.00 |
16 |
$1,331,539.00 |
|
|
Johnson |
0 |
$0.00 |
1 |
$72,699.00 |
1 |
$72,699.00 |
|
|
Madison |
2 |
$165,450.00 |
0 |
$0.00 |
2 |
$165,450.00 |
|
|
Pope |
2 |
$193,596.00 |
14 |
$1,277,609.00 |
16 |
$1,471,205.00 |
|
|
Sebastian |
17 |
$1,407,625.00 |
13 |
$940,199.00 |
30 |
$2,347,824.00 |
|
|
Washington |
9 |
$974,310.00 |
8 |
$909,400.00 |
17 |
$1,883,710.00 |
|
|
Subtotal |
55 |
$5,436,300.00 |
61 |
$5,867,357.00 |
116 |
$11,303,657.00 |
|
|
BancorpSouth, Fort Smith, AR
|
Crawford |
3 |
$215,582.00 |
2 |
$132,833.00 |
5 |
$348,415.00 |
|
Franklin |
0 |
$0.00 |
1 |
$65,467.00 |
1 |
$65,467.00 |
|
|
Sebastian |
8 |
$666,267.00 |
7 |
$532,019.00 |
15 |
$1,198,286.00 |
|
|
Subtotal |
11 |
$881,849.00 |
10 |
$730,319.00 |
21 |
$1,612,168.00 |
|
|
Bank of Dardanelle, Russellville, AR |
Pope |
3 |
$235,365.00 |
0 |
$0.00 |
3 |
$235,365.00 |
|
Bank of the Ozarks, Little Rock, AR
|
Benton |
1 |
$124,939.00 |
1 |
$109,000.00 |
2 |
$233,939.00 |
|
Johnson |
0 |
$0.00 |
1 |
$61,200.00 |
1 |
$61,200.00 |
|
|
Pope |
2 |
$200,106.00 |
0 |
$0.00 |
2 |
$200,106.00 |
|
|
Subtotal |
3 |
$325,045.00 |
2 |
$170,200.00 |
5 |
$495,245.00 |
|
|
Benefit Bank, Fort Smith, AR
|
Benton |
1 |
$133,827.00 |
0 |
$0.00 |
1 |
$133,827.00 |
|
Crawford |
15 |
$1,420,211.00 |
22 |
$1,967,614.00 |
37 |
$3,387,825.00 |
|
|
Sebastian |
45 |
$3,755,745.00 |
55 |
$4,959,890.00 |
100 |
$8,715,635.00 |
|
|
Subtotal |
61 |
$5,309,783.00 |
77 |
$6,927,504.00 |
138 |
$12,237,287.00 |
|
|
Citizens Bank and Trust, Fort Smith, AR |
Sebastian |
1 |
$121,495.00 |
0 |
$0.00 |
1 |
$121,495.00 |
|
Citizens Bank and Trust, Van Buren, AR
|
Crawford |
2 |
$142,754.00 |
2 |
$174,470.00 |
4 |
$317,224.00 |
|
Sebastian |
1 |
$105,000.00 |
0 |
$0.00 |
1 |
$105,000.00 |
|
|
Subtotal |
3 |
$247,754.00 |
2 |
$174,470.00 |
5 |
$422,224.00 |
|
|
Community First Bank, Arkadelphia, AR |
Carroll |
1 |
$67,100.00 |
2 |
$168,500.00 |
3 |
$235,600.00 |
|
Community First Bank, Harrison, AR
|
Boone |
21 |
$1,828,180.00 |
22 |
$2,078,106.00 |
43 |
$3,906,286.00 |
|
Marion |
1 |
$68,340.00 |
0 |
$0.00 |
1 |
$68,340.00 |
|
|
Newton |
2 |
$200,000.00 |
2 |
$163,700.00 |
4 |
$363,700.00 |
|
|
Subtotal |
24 |
$2,096,520.00 |
24 |
$2,241,806.00 |
48 |
$4,338,326.00 |
|
|
Community First Bank, Pea Ridge, AR
|
Benton |
4 |
$422,600.00 |
0 |
$0.00 |
4 |
$422,600.00 |
|
Crawford |
1 |
$130,000.00 |
0 |
$0.00 |
1 |
$130,000.00 |
|
|
Subtotal |
5 |
$552,600.00 |
0 |
$0.00 |
5 |
$552,600.00 |
|
|
First Arkansas Valley Bank, Russellville, AR
|
Benton |
0 |
$0.00 |
1 |
$159,398.00 |
1 |
$159,398.00 |
|
Crawford |
1 |
$69,300.00 |
1 |
$66,949.00 |
2 |
$136,249.00 |
|
|
Johnson |
0 |
$0.00 |
2 |
$117,950.00 |
2 |
$117,950.00 |
|
|
Pope |
17 |
$1,406,720.00 |
8 |
$659,708.00 |
25 |
$2,066,428.00 |
|
|
Subtotal |
18 |
$1,476,020.00 |
12 |
$1,004,005.00 |
30 |
$2,480,025.00 |
|
|
First Arkansas Western Mortgage, Inc., Fort Smith, AR |
Crawford |
2 |
$141,250.00 |
0 |
$0.00 |
2 |
$141,250.00 |
|
Sebastian |
6 |
$481,140.00 |
3 |
$229,825.00 |
9 |
$710,965.00 |
|
|
Subtotal |
8 |
$622,390.00 |
3 |
$229,825.00 |
11 |
$852,215.00 |
|
|
First Financial Bank, Fort Smith, AR
|
Crawford |
1 |
$88,200.00 |
3 |
$235,900.00 |
4 |
$324,100.00 |
|
Sebastian |
1 |
$53,500.00 |
3 |
$188,250.00 |
4 |
$241,750.00 |
|
|
Subtotal |
2 |
$141,700.00 |
6 |
$424,150.00 |
8 |
$565,850.00 |
|
|
First Security Bank, Conway, AR |
Sebastian |
0 |
$0.00 |
1 |
$95,716.00 |
1 |
$95,716.00 |
|
First Western Mortgage, Inc., Booneville, AR |
Benton |
1 |
$61,000.00 |
0 |
$0.00 |
1 |
$61,000.00 |
|
First Western Mortgage, Inc., Rogers, AR |
Benton |
1 |
$94,500.00 |
0 |
$0.00 |
1 |
$94,500.00 |
|
Global Mortgage, Inc., Benton, AR |
Benton |
0 |
$0.00 |
1 |
$75,480.00 |
1 |
$75,480.00 |
|
Liberty Bank of Arkansas, Russellville, AR
|
Johnson |
0 |
$0.00 |
1 |
$90,000.00 |
1 |
$90,000.00 |
|
Pope |
0 |
$0.00 |
12 |
$976,156.00 |
12 |
$976,156.00 |
|
|
Subtotal |
0 |
$0.00 |
13 |
$1,141,636.00 |
13 |
$1,141,636.00 |
|
|
Liberty Bank of Arkansas, Springdale, AR
|
Benton |
1 |
$117,500.00 |
2 |
$180,959.00 |
3 |
$298,459.00 |
|
Boone |
1 |
$76,522.00 |
0 |
$0.00 |
1 |
$76,522.00 |
|
|
Subtotal |
2 |
$194,022.00 |
2 |
$180,959.00 |
4 |
$374,981.00 |
|
|
Moore Mortgage, Little Rock, AR
|
Benton |
1 |
$98,719.00 |
4 |
$438,910.00 |
5 |
$537,629.00 |
|
Madison |
0 |
$0.00 |
1 |
$104,961.00 |
1 |
$104,961.00 |
|
|
Washington |
0 |
$0.00 |
2 |
$199,124.00 |
2 |
$199,124.00 |
|
|
Subtotal |
1 |
$98,719.00 |
7 |
$742,995.00 |
8 |
$841,714.00 |
|
|
Priority Bank, Ozark, AR
|
Franklin |
13 |
$1,015,325.00 |
8 |
$551,934.00 |
21 |
$1,567,259.00 |
|
Johnson |
4 |
$242,712.00 |
8 |
$565,006.00 |
12 |
$807,718.00 |
|
|
Subtotal |
17 |
$1,258,037.00 |
16 |
$1,116,940.00 |
33 |
$2,374,977.00 |
|
|
Pulaski Mortgage Company, Bentonville, AR |
Benton |
3 |
$372,100.00 |
0 |
$0.00 |
3 |
$372,100.00 |
|
Pulaski Mortgage Company, Fayetteville, AR |
Washington |
1 |
$93,439.00 |
0 |
$0.00 |
1 |
$93,439.00 |
|
Pulaski Mortgage Company, Russellville, AR |
Pope |
1 |
$68,411.00 |
2 |
$175,205.00 |
3 |
$243,616.00 |
|
Regions Mortgage, Inc., Little Rock, AR
|
Benton |
1 |
$116,000.00 |
0 |
$0.00 |
1 |
$116,000.00 |
|
Crawford |
1 |
$68,918.00 |
1 |
$89,850.00 |
2 |
$158,768.00 |
|
|
Subtotal |
2 |
$184,918.00 |
1 |
$89,850.00 |
3 |
$274,768.00 |
|
|
River Town Bank, Russellville, AR
|
Johnson |
0 |
$0.00 |
1 |
$78,000.00 |
1 |
$78,000.00 |
|
Pope |
0 |
$0.00 |
3 |
$170,800.00 |
3 |
$170,800.00 |
|
|
Subtotal |
0 |
$0.00 |
4 |
$248,800.00 |
4 |
$248,800.00 |
|
|
Simmons First Bank, Russellville, AR
|
Franklin |
1 |
$71,400.00 |
0 |
$0.00 |
1 |
$71,400.00 |
|
Pope |
6 |
$539,100.00 |
6 |
$501,600.00 |
12 |
$1,040,700.00 |
|
|
Subtotal |
7 |
$610,500.00 |
6 |
$501,600.00 |
13 |
$1,112,100.00 |
|
|
Simmons First Mortgage of Little Rock, Fort Smith, AR
|
Crawford |
5 |
$445,657.00 |
4 |
$320,766.00 |
9 |
$766,423.00 |
|
Franklin |
1 |
$42,630.00 |
3 |
$232,435.00 |
4 |
$275,065.00 |
|
|
Sebastian |
3 |
$222,243.00 |
2 |
$239,539.00 |
5 |
$461,782.00 |
|
|
Subtotal |
9 |
$710,530.00 |
9 |
$792,740.00 |
18 |
$1,503,270.00 |
|
|
Simmons First Mortgage of Little Rock, Rogers, AR
|
Benton |
9 |
$1,050,086.00 |
2 |
$224,742.00 |
11 |
$1,274,828.00 |
|
Madison |
0 |
$0.00 |
1 |
$90,584.00 |
1 |
$90,584.00 |
|
|
Washington |
3 |
$347,720.00 |
2 |
$217,328.00 |
5 |
$565,048.00 |
|
|
Subtotal |
12 |
$1,397,806.00 |
5 |
$532,654.00 |
17 |
$1,930,460.00 |
|
|
Simmons First Mortgage of Little Rock, Siloam Springs, AR |
Benton |
4 |
$384,575.00 |
0 |
$0.00 |
4 |
$384,575.00 |
|
United Bank of Springdale, Benton, AR |
Benton |
0 |
$0.00 |
1 |
$137,837.00 |
1 |
$137,837.00 |
|
Valley Bank, Springdale, AR
|
Benton |
1 |
$134,883.00 |
0 |
$0.00 |
1 |
$134,883.00 |
|
Washington |
1 |
$124,545.00 |
0 |
$0.00 |
1 |
$124,545.00 |
|
|
Subtotal |
2 |
$259,428.00 |
0 |
$0.00 |
2 |
$259,428.00 |
|
Loans by New / Existing
|
|
|
7/1/2006 - 12/31/2006 |
1/1/2007 - 6/30/2007 |
TOTAL FY 2007 |
|||
|
EXISTING OR NEW |
COUNTY |
NO. |
DOLLAR AMOUNT |
NO. |
DOLLAR AMOUNT |
NO. |
DOLLAR AMOUNT |
|
Existing
|
Benton
|
32 |
$3,468,326.00 |
24 |
$2,575,593.00 |
56 |
$6,130,409 |
|
Boone
|
19 |
$1,536,702.00 |
19 |
$1,678,006.00 |
38 |
$3,214,708.00 |
|
|
Carroll
|
1 |
$67,100.00 |
2 |
$168,500.00 |
3 |
$235,600.00 |
|
|
Crawford
|
33 |
$2,735,933.00 |
33 |
$2,474,577.00 |
66 |
$5,210,510.00 |
|
|
Franklin
|
12 |
$885,925.00 |
11 |
$752,036.00 |
23 |
$1,637,961.00 |
|
|
Johnson
|
4 |
$242,712.00 |
14 |
$984,855.00 |
18 |
$1,227,567.00 |
|
|
Madison
|
2 |
$165,450.00 |
2 |
$195,545.00 |
4 |
$360,995.00 |
|
|
Marion |
1 |
$68,340.00 |
0 |
$0.00 |
1 |
$68,340.00 |
|
|
Newton
|
0 |
$0.00 |
1 |
$51,500.00 |
1 |
$51,500.00 |
|
|
Pope
|
30 |
$2,549,305.00 |
44 |
$3,648,713.00 |
74 |
$6,198,018.00 |
|
|
Sebastian
|
56 |
$4,238,730.00 |
60 |
$4,509,101.00 |
116 |
$8,747,831.00 |
|
|
Washington
|
13 |
$1,442,014.00 |
11 |
$1,222,967.00 |
24 |
$2,664,981.00 |
|
|
Subtotal |
203 |
$17,400,537.00 |
221 |
$18,347,883.00 |
424 |
$35,748,420.00 |
|
|
New
|
Benton |
12 |
$1,538,283.00 |
6 |
$875,073.00 |
18 |
$2,413,356.00 |
|
Boone |
3 |
$368,000.00 |
3 |
$400,100.00 |
6 |
$768,100.00 |
|
|
Carroll |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
|
|
Crawford |
7 |
$785,378.00 |
9 |
$1,045,905.00 |
16 |
$1,831,283.00 |
|
|
Franklin |
3 |
$243,430.00 |
1 |
$97,800.00 |
4 |
$341,230.00 |
|
|
Johnson |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
|
|
Madison |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
|
|
Newton |
2 |
$200,000.00 |
1 |
$112,200.00 |
3 |
$312,200.00 |
|
|
Pope |
1 |
$93,993.00 |
1 |
$112,365.00 |
2 |
$206,358.00 |
|
|
Sebastian |
26 |
$2,574,285.00 |
24 |
$2,676,337.00 |
50 |
$5,250,622.00 |
|
|
Washington |
1 |
$98,000.00 |
1 |
$102,885.00 |
2 |
$200,885.00 |
|
|
Subtotal |
55 |
$5,901,369.00 |
46 |
$5,422,665.00 |
101 |
$11,324,034.00 |
|
Loans by Loan Type
|
|
|
7/1/2006 - 12/31/2006 |
1/1/2007 - 6/30/2007 |
TOTAL FY 2007 |
|||
|
LOAN TYPE |
COUNTY |
NO. |
DOLLAR AMOUNT |
NO. |
DOLLAR AMOUNT |
NO. |
DOLLAR AMOUNT |
|
Conventional
|
Benton |
14 |
$1,706,950.00 |
14 |
$1,770,750.00 |
29 |
$3,477,700.00 |
|
Boone |
2 |
$175,000.00 |
7 |
$547,270.00 |
9 |
$722,270.00 |
|
|
Carroll |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
|
|
Crawford |
3 |
$199,300.00 |
1 |
$89,850.00 |
4 |
$289,150.00 |
|
|
Franklin |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
|
|
Johnson |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
|
|
Madison |
1 |
$101,000.00 |
0 |
$0.00 |
1 |
$101,000.00 |
|
|
Marion |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
|
|
Newton |
0 |
$0.00 |
1 |
$51,500.00 |
1 |
$51,500.00 |
|
|
Pope |
2 |
$149,993.00 |
2 |
$125,894.00 |
4 |
$275,887.00 |
|
|
Sebastian |
0 |
$0.00 |
7 |
$512,320.00 |
7 |
$512,320.00 |
|
|
Washington |
6 |
$545,800.00 |
8 |
$909,400.00 |
14 |
$1,455,200.00 |
|
|
Subtotal |
28 |
$2,878,043.00 |
40 |
$4,006,984.00 |
68 |
$6,885,027.00 |
|
|
FHA
|
Benton |
14 |
$1,463,942.00 |
9 |
$1,117,943.00 |
23 |
$2,581,885.00 |
|
Boone |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
|
|
Carroll |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
|
|
Crawford |
20 |
$1,626,096.00 |
22 |
$1,640,197.00 |
42 |
$3,266,293.00 |
|
|
Franklin |
1 |
$42,630.00 |
4 |
$255,166.00 |
5 |
$297,796.00 |
|
|
Johnson |
1 |
$50,212.00 |
3 |
$241,006.00 |
4 |
$291,218.00 |
|
|
Madison |
1 |
$64,450.00 |
2 |
$195,545.00 |
3 |
$259,995.00 |
|
|
Marion |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
|
|
Newton |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
|
|
Pope |
6 |
$559,169.00 |
5 |
$501,996.00 |
11 |
$1,061,165.00 |
|
|
Sebastian |
71 |
$5,623,546.00 |
64 |
$5,345,725.00 |
135 |
$10,969,271.00 |
|
|
Washington |
7 |
$841,154.00 |
4 |
$416,452.00 |
11 |
$1,257,606.00 |
|
|
Subtotal |
121 |
$10,271,199.00 |
113 |
$9,714,030.00 |
234 |
$19,985,229.00 |
|
|
Rural Dev.
|
Benton |
16 |
$1,835,717.00 |
4 |
$379,339.00 |
20 |
$2,215,056.00 |
|
Boone |
20 |
$1,729,702.00 |
15 |
$1,530,836.00 |
35 |
$3,260,538.00 |
|
|
Carroll |
1 |
$67,100.00 |
2 |
$168,500.00 |
3 |
$235,600.00 |
|
|
Crawford |
16 |
$1,556,015.00 |
19 |
$1,790,435.00 |
35 |
$3,346,450.00 |
|
|
Franklin |
14 |
$1,086,725.00 |
8 |
$594,670.00 |
22 |
$1,681,395.00 |
|
|
Johnson |
3 |
$192,500.00 |
11 |
$743,849.00 |
14 |
$936,349.00 |
|
|
Madison |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
|
|
Marion |
1 |
$68,340.00 |
0 |
$0.00 |
1 |
$68,340.00 |
|
|
Newton |
2 |
$200,000.00 |
1 |
$112,200.00 |
3 |
$312,200.00 |
|
|
Pope |
21 |
$1,695,105.00 |
37 |
$3,020,823.00 |
58 |
$4,715,928.00 |
|
|
Sebastian |
10 |
$1,096,002.00 |
11 |
$1,136,986.00 |
21 |
$2,232,988.00 |
|
|
Washington |
1 |
$153,060.00 |
0 |
$0.00 |
1 |
$153,060.00 |
|
|
Subtotal |
105 |
$9,680,266.00 |
108 |
$9,477,638.00 |
213 |
$19,157,904.00 |
|
|
Unknown
|
Benton |
0 |
$0.00 |
2 |
$177,774.00 |
2 |
$280,068.00 |
|
Boone |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
|
|
Carroll |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
|
|
Crawford |
1 |
$139,900.00 |
0 |
$0.00 |
1 |
$139,900.00 |
|
|
Franklin |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
|
|
Johnson |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
|
|
Madison |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
|
|
Marion |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
|
|
Newton |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
|
|
Pope |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
|
|
Sebastian |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
|
|
Washington |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
|
|
Subtotal |
1 |
$139,900.00 |
2 |
$177,774.00 |
3 |
$317,674.00 |
|
|
VA
|
Benton |
0 |
$0.00 |
1 |
$91,350.00 |
1 |
$91,350.00 |
|
Boone |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
|
|
Carroll |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
|
|
Crawford |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
|
|
Franklin |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
|
|
Johnson |
0 |
$0.00 |
0 |
$0.00 |
0 |
$0.00 |
|
|
Madison |
0 |
||||||
