Cumberland Bank & Trust Mortgage Lending & HMDA Data, 2005
In 2005, Cumberland Bank & Trust of Clarksville, TN reported 184 mortgage applications totaling $21.2 million, up 163% from 2004. The average application was for $115,266, and applicants reported an average income of $67,777. 83% of its applications resulted in an originated loan and 9% were denied. Its largest market was Clarksville, TN-KY (162).
| 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 | 184 |
| Total Mortgage Loan Application Amount | $21,209,000 |
| Average Mortgage Loan Application Amount | $115,266 |
| Highest Mortgage Loan Application Amount | $600,000 |
| Average Applicant Income | $67,777 |
| Highest Applicant Income | $594,000 |
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(HMDA) records Cumberland Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Clarksville, TN-KY | 162 | $ 18,519,000 | $ 114,314 | $ 56,000 |
Mortgage Loan Application Detail Totals for Cumberland Bank & Trust in 2005
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 | 118 | $14,598,000 | $139,333 | $600,000 | $99,666 | $594,000 |
| Refinancing | 53 | $6,108,000 | $94,000 | $535,000 | $73,000 | $359,000 |
| Home Improvement | 13 | $503,000 | $37,000 | $142,000 | $120,500 | $256,000 |
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 | 166 | $18,821,000 | $124,666 | $600,000 | $111,333 | $594,000 |
| Black or African American | 8 | $1,027,000 | $128,000 | $246,000 | $47,000 | $95,000 |
| Hispanic | 4 | $370,000 | $92,000 | $112,000 | $27,000 | $42,000 |
| Asian | 4 | $663,000 | $165,000 | $281,000 | $70,000 | $120,000 |
| Not applicable | 2 | $328,000 | $164,000 | $180,000 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 143 | $15,969,000 | $147,333 | $600,000 | $170,000 | $594,000 |
| VA-guaranteed (Veterans Administration) | 35 | $4,729,000 | $125,500 | $246,000 | $41,000 | $95,000 |
| FHA-insured (Federal Housing Administration) | 3 | $196,000 | $65,000 | $87,000 | $36,000 | $61,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $315,000 | $100,500 | $148,000 | $30,000 | $38,000 |
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 | 153 | $17,759,000 | $136,000 | $600,000 | $131,000 | $594,000 |
| Application Denied By Financial Institution | 16 | $1,071,000 | $76,500 | $215,000 | $29,500 | $62,000 |
| Application Approved But Not Accepted | 10 | $1,529,000 | $140,500 | $320,000 | $55,000 | $138,000 |
| File Closed For Incompleteness | 3 | $742,000 | $247,000 | $535,000 | $83,000 | $146,000 |
| Application Withdrawn By Applicant | 2 | $108,000 | $54,000 | $84,000 | $90,500 | $151,000 |
| 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 | 11 | $417,000 | $60,000 | $88,000 | $27,000 | $60,000 |
| Debt-To-Income Ratio | 4 | $564,000 | $141,000 | $215,000 | $41,000 | $62,000 |
| Employment History | 1 | $90,000 | $90,000 | $90,000 | $27,000 | $27,000 |
| 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 |
| Collateral | 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 2005 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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