Cumberland Bank & Trust Mortgage Lending & HMDA Data, 2015
In 2015, Cumberland Bank & Trust of Clarksville, TN reported 199 mortgage applications totaling $29.3 million, up 54% from 2014. The average application was for $147,412, and applicants reported an average income of $176,417. 83% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Clarksville, TN-KY (157), Nashville-Davidson--Murfreesboro--Franklin, TN (20) and Knoxville, TN (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 | 199 |
| Total Mortgage Loan Application Amount | $29,335,000 |
| Average Mortgage Loan Application Amount | $147,412 |
| Highest Mortgage Loan Application Amount | $688,000 |
| Average Applicant Income | $176,417 |
| Highest Applicant Income | $5,584,000 |
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(HMDA) records Cumberland Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 147 | $ 20,578,000 | $ 139,986 | $ 96,000 |
| Stewart, Tennessee | 14 | $ 1,445,000 | $ 103,214 | $ 97,000 |
| Christian, Kentucky | 6 | $ 426,000 | $ 71,000 | $ 2,863,000 |
| Trigg, Kentucky | 4 | $ 887,000 | $ 221,750 | $ 55,000 |
| Cheatham, Tennessee | 4 | $ 1,098,000 | $ 274,500 | $ 68,000 |
| Davidson, Tennessee | 4 | $ 1,030,000 | $ 257,500 | $ 73,000 |
| Dickson, Tennessee | 4 | $ 697,000 | $ 174,250 | $ 104,000 |
| Houston, Tennessee | 4 | $ 420,000 | $ 105,000 | $ 42,000 |
| Robertson, Tennessee | 3 | $ 751,000 | $ 250,333 | $ 107,000 |
| Rutherford, Tennessee | 2 | $ 365,000 | $ 182,500 | $ 59,000 |
| Calcasieu, Louisiana | 1 | $ 255,000 | $ 255,000 | $ 79,000 |
| Vernon, Louisiana | 1 | $ 171,000 | $ 171,000 | $ 0 |
| Blount, Tennessee | 1 | $ 274,000 | $ 274,000 | $ 86,000 |
| Maury, Tennessee | 1 | $ 268,000 | $ 268,000 | $ 151,000 |
| Weakley, Tennessee | 1 | $ 344,000 | $ 344,000 | $ 82,000 |
| Williamson, Tennessee | 1 | $ 190,000 | $ 190,000 | $ 93,000 |
| Wilson, Tennessee | 1 | $ 136,000 | $ 136,000 | $ 49,000 |
Mortgage Loan Application Detail Totals for Cumberland Bank & Trust 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 | 159 | $24,020,000 | $151,000 | $417,000 | $195,000 | $5,584,000 |
| Refinancing | 33 | $4,724,000 | $143,000 | $688,000 | $63,000 | $233,000 |
| Home Improvement | 7 | $591,000 | $84,000 | $283,000 | $289,000 | $1,317,000 |
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 | 175 | $26,059,000 | $148,000 | $688,000 | $194,000 | $5,584,000 |
| Black or African American | 14 | $2,047,000 | $146,000 | $262,000 | $62,000 | $233,000 |
| Not applicable | 7 | $849,000 | $121,000 | $150,000 | $0 | $0 |
| Hispanic | 3 | $380,000 | $126,000 | $174,000 | $44,000 | $58,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 110 | $14,060,000 | $127,000 | $688,000 | $273,000 | $5,584,000 |
| VA-guaranteed (Veterans Administration) | 56 | $11,395,000 | $203,000 | $408,000 | $64,000 | $163,000 |
| FHA-insured (Federal Housing Administration) | 31 | $3,777,000 | $121,000 | $250,000 | $44,000 | $130,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $103,000 | $51,000 | $74,000 | $23,000 | $29,000 |
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 | 166 | $25,633,000 | $154,000 | $688,000 | $200,000 | $5,584,000 |
| Application Denied By Financial Institution | 18 | $1,423,000 | $79,000 | $245,000 | $43,000 | $88,000 |
| Application Withdrawn By Applicant | 13 | $1,944,000 | $149,000 | $320,000 | $75,000 | $150,000 |
| File Closed For Incompleteness | 1 | $210,000 | $210,000 | $210,000 | $112,000 | $112,000 |
| Application Approved But Not Accepted | 1 | $125,000 | $125,000 | $125,000 | $38,000 | $38,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 5 | $583,000 | $116,000 | $245,000 | $45,000 | $58,000 |
| Collateral | 5 | $396,000 | $79,000 | $109,000 | $42,000 | $61,000 |
| Debt-To-Income Ratio | 4 | $264,000 | $66,000 | $80,000 | $23,000 | $30,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 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 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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