First Tn Bk NA Mortgage Lending & HMDA Data, 2015
In 2015, First Tn Bk NA of Raleigh, NC reported 2,179 mortgage applications totaling $680.3 million. The average application was for $312,193, and applicants reported an average income of $152,656. 54% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Nashville-Davidson--Murfreesboro--Franklin, TN (191), Tampa-St. Petersburg-Clearwater, FL (147) and Cape Coral-Fort Myers, FL (141) (applications in parentheses).
| Mortgage Company & Address | First Tn Bk NA 333 Fayetteville St Raleigh, NC 27601 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2017 2016 2015 |
| Total Number of Mortgage Applications | 2,179 |
| Total Mortgage Loan Application Amount | $680,269,000 |
| Average Mortgage Loan Application Amount | $312,193 |
| Highest Mortgage Loan Application Amount | $23,250,000 |
| Average Applicant Income | $152,656 |
| Highest Applicant Income | $4,917,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Tn Bk NA filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
Mortgage Loan Application Detail Totals for First Tn Bk NA in 2015
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 1,263 | $413,881,000 | $327,000 | $23,250,000 | $163,000 | $3,584,000 |
| Refinancing | 778 | $198,309,000 | $254,000 | $2,000,000 | $128,000 | $2,326,000 |
| Home Improvement | 138 | $68,079,000 | $493,000 | $12,000,000 | $197,000 | $4,917,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 1,747 | $516,862,000 | $295,000 | $12,000,000 | $158,000 | $4,917,000 |
| Hispanic | 191 | $59,067,000 | $309,000 | $2,000,000 | $160,000 | $3,584,000 |
| Not Provided | 90 | $24,596,000 | $273,000 | $1,744,000 | $142,000 | $1,254,000 |
| Black or African American | 59 | $14,123,000 | $239,000 | $833,000 | $117,000 | $378,000 |
| Asian | 54 | $11,572,000 | $214,000 | $758,000 | $100,000 | $326,000 |
| Not applicable | 30 | $47,767,000 | $1,592,000 | $23,250,000 | $0 | $0 |
| American Indian or Alaskan Native | 7 | $5,974,000 | $853,000 | $4,000,000 | $171,000 | $560,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $308,000 | $308,000 | $308,000 | $138,000 | $138,000 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 1,926 | $639,022,000 | $331,000 | $23,250,000 | $166,000 | $4,917,000 |
| FHA-insured (Federal Housing Administration) | 134 | $20,819,000 | $155,000 | $452,000 | $49,000 | $150,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 62 | $7,989,000 | $128,000 | $245,000 | $41,000 | $82,000 |
| VA-guaranteed (Veterans Administration) | 57 | $12,439,000 | $218,000 | $506,000 | $77,000 | $168,000 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 1,171 | $406,737,000 | $347,000 | $23,250,000 | $173,000 | $4,917,000 |
| Application Denied By Financial Institution | 292 | $63,412,000 | $217,000 | $4,000,000 | $77,000 | $614,000 |
| Loan Purchased By The Institution | 245 | $74,371,000 | $303,000 | $1,643,000 | $164,000 | $2,057,000 |
| Application Withdrawn By Applicant | 234 | $80,777,000 | $345,000 | $8,600,000 | $162,000 | $3,584,000 |
| File Closed For Incompleteness | 223 | $51,852,000 | $232,000 | $1,600,000 | $124,000 | $1,140,000 |
| Application Approved But Not Accepted | 14 | $3,120,000 | $222,000 | $505,000 | $135,000 | $300,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Credit History | 120 | $26,894,000 | $224,000 | $4,000,000 | $80,000 | $560,000 |
| Debt-To-Income Ratio | 86 | $19,213,000 | $223,000 | $1,115,000 | $56,000 | $245,000 |
| Collateral | 37 | $8,526,000 | $230,000 | $2,000,000 | $111,000 | $614,000 |
| Other | 30 | $4,966,000 | $165,000 | $678,000 | $86,000 | $495,000 |
| Employment History | 10 | $2,290,000 | $229,000 | $980,000 | $71,000 | $222,000 |
| Unverifiable Information | 6 | $1,027,000 | $171,000 | $387,000 | $89,000 | $240,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $379,000 | $189,000 | $236,000 | $51,000 | $56,000 |
| Credit Application Incomplete | 1 | $117,000 | $117,000 | $117,000 | $69,000 | $69,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Tn Bk NA's 2015 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess First Tn Bk NA's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in North Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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