Cumberland Bank & Trust Mortgage Lending & HMDA Data, 2014
In 2014, Cumberland Bank & Trust of Clarksville, TN reported 129 mortgage applications totaling $17.7 million, down 55% from 2013. The average application was for $137,046, and applicants reported an average income of $103,953. 84% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Clarksville, TN-KY (110), Nashville-Davidson--Murfreesboro--Franklin, TN (5) and Chattanooga, TN-GA (1) (applications in parentheses).
| Mortgage Company & Address | Cumberland Bank & Trust 502 Madison Street Clarksville, TN 37040 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 129 |
| Total Mortgage Loan Application Amount | $17,679,000 |
| Average Mortgage Loan Application Amount | $137,046 |
| Highest Mortgage Loan Application Amount | $590,000 |
| Average Applicant Income | $103,953 |
| Highest Applicant Income | $2,367,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Cumberland Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Montgomery, Tennessee | 106 | $ 14,873,000 | $ 140,311 | $ 113,000 |
| Stewart, Tennessee | 9 | $ 1,022,000 | $ 113,555 | $ 52,000 |
| Calloway, Kentucky | 3 | $ 548,000 | $ 182,666 | $ 57,000 |
| Christian, Kentucky | 2 | $ 204,000 | $ 102,000 | $ 76,000 |
| Trigg, Kentucky | 2 | $ 87,000 | $ 43,500 | $ 24,000 |
| Cheatham, Tennessee | 2 | $ 318,000 | $ 159,000 | $ 94,000 |
| Davidson, Tennessee | 2 | $ 249,000 | $ 124,500 | $ 59,000 |
| Pinellas, Florida | 1 | $ 168,000 | $ 168,000 | $ 86,000 |
| Dickson, Tennessee | 1 | $ 85,000 | $ 85,000 | $ 77,000 |
| Hamilton, Tennessee | 1 | $ 125,000 | $ 125,000 | $ 84,000 |
Mortgage Loan Application Detail Totals for Cumberland Bank & Trust in 2014
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 | 95 | $12,757,000 | $134,000 | $590,000 | $111,000 | $2,367,000 |
| Refinancing | 33 | $4,862,000 | $147,000 | $494,000 | $84,000 | $629,000 |
| Home Improvement | 1 | $60,000 | $60,000 | $60,000 | $93,000 | $93,000 |
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 | 110 | $15,455,000 | $140,000 | $590,000 | $115,000 | $2,367,000 |
| Not applicable | 7 | $475,000 | $67,000 | $185,000 | $0 | $0 |
| Black or African American | 5 | $707,000 | $141,000 | $282,000 | $71,000 | $135,000 |
| Hispanic | 4 | $474,000 | $118,000 | $169,000 | $56,000 | $82,000 |
| American Indian or Alaskan Native | 1 | $136,000 | $136,000 | $136,000 | $36,000 | $36,000 |
| Asian | 1 | $263,000 | $263,000 | $263,000 | $124,000 | $124,000 |
| Not Provided | 1 | $169,000 | $169,000 | $169,000 | $26,000 | $26,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
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) | 85 | $11,331,000 | $133,000 | $590,000 | $131,000 | $2,367,000 |
| VA-guaranteed (Veterans Administration) | 31 | $5,021,000 | $161,000 | $303,000 | $54,000 | $97,000 |
| FHA-insured (Federal Housing Administration) | 9 | $1,045,000 | $116,000 | $199,000 | $57,000 | $135,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 4 | $282,000 | $70,000 | $115,000 | $31,000 | $43,000 |
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 | 109 | $14,882,000 | $136,000 | $590,000 | $114,000 | $2,367,000 |
| Application Denied By Financial Institution | 14 | $1,588,000 | $113,000 | $221,000 | $40,000 | $65,000 |
| Application Withdrawn By Applicant | 4 | $720,000 | $180,000 | $240,000 | $71,000 | $90,000 |
| Application Approved But Not Accepted | 2 | $489,000 | $244,000 | $316,000 | $88,000 | $125,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 4 | $290,000 | $72,000 | $88,000 | $37,000 | $57,000 |
| Debt-To-Income Ratio | 3 | $492,000 | $164,000 | $169,000 | $60,000 | $65,000 |
| Other | 2 | $173,000 | $86,000 | $144,000 | $34,000 | $52,000 |
| Credit History | 2 | $243,000 | $121,000 | $169,000 | $31,000 | $36,000 |
| Unverifiable Information | 1 | $221,000 | $221,000 | $221,000 | $54,000 | $54,000 |
| Employment History | 1 | $109,000 | $109,000 | $109,000 | $23,000 | $23,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cumberland Bank & Trust's 2014 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 Cumberland Bank & Trust'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 Tennessee, download the full spreadsheet
with aggregated HMDA statistics today.
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