Cumberland Bank & Trust Mortgage Lending & HMDA Data, 2013
In 2013, Cumberland Bank & Trust of Clarksville, TN reported 289 mortgage applications totaling $39.1 million, down 3% from 2012. The average application was for $135,453, and applicants reported an average income of $122,318. 78% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Clarksville, TN-KY (253), Nashville-Davidson--Murfreesboro--Franklin, TN (16) and Memphis, TN-MS-AR (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 | 289 |
| Total Mortgage Loan Application Amount | $39,146,000 |
| Average Mortgage Loan Application Amount | $135,453 |
| Highest Mortgage Loan Application Amount | $750,000 |
| Average Applicant Income | $122,318 |
| Highest Applicant Income | $2,415,000 |
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(HMDA) records Cumberland Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 253 | $ 33,661,000 | $ 133,047 | $ 125,063 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 16 | $ 2,604,000 | $ 162,750 | $ 72,000 |
| Memphis, TN-MS-AR | 1 | $ 116,000 | $ 116,000 | $ 285,000 |
Mortgage Loan Application Detail Totals for Cumberland Bank & Trust in 2013
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 | 192 | $26,087,000 | $135,000 | $750,000 | $150,000 | $2,415,000 |
| Refinancing | 88 | $12,295,000 | $139,000 | $437,000 | $64,000 | $282,000 |
| Home Improvement | 9 | $764,000 | $84,000 | $175,000 | $102,000 | $217,000 |
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 | 239 | $32,494,000 | $135,000 | $750,000 | $137,000 | $2,415,000 |
| Hispanic | 12 | $1,787,000 | $148,000 | $309,000 | $58,000 | $140,000 |
| Black or African American | 10 | $1,822,000 | $182,000 | $310,000 | $59,000 | $138,000 |
| Not applicable | 10 | $799,000 | $79,000 | $225,000 | $0 | $0 |
| Not Provided | 8 | $960,000 | $120,000 | $200,000 | $38,000 | $120,000 |
| Asian | 6 | $783,000 | $130,000 | $190,000 | $130,000 | $311,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $355,000 | $118,000 | $255,000 | $58,000 | $60,000 |
| American Indian or Alaskan Native | 1 | $146,000 | $146,000 | $146,000 | $60,000 | $60,000 |
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) | 185 | $21,916,000 | $118,000 | $750,000 | $160,000 | $2,415,000 |
| VA-guaranteed (Veterans Administration) | 62 | $12,208,000 | $196,000 | $437,000 | $64,000 | $148,000 |
| FHA-insured (Federal Housing Administration) | 30 | $3,848,000 | $128,000 | $258,000 | $46,000 | $87,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 12 | $1,174,000 | $97,000 | $186,000 | $37,000 | $67,000 |
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 | 226 | $31,334,000 | $138,000 | $750,000 | $141,000 | $2,415,000 |
| Application Denied By Financial Institution | 42 | $4,966,000 | $118,000 | $309,000 | $48,000 | $185,000 |
| Application Withdrawn By Applicant | 13 | $1,284,000 | $98,000 | $296,000 | $60,000 | $126,000 |
| Application Approved But Not Accepted | 7 | $1,416,000 | $202,000 | $368,000 | $98,000 | $219,000 |
| File Closed For Incompleteness | 1 | $146,000 | $146,000 | $146,000 | $88,000 | $88,000 |
| 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 | 13 | $1,750,000 | $134,000 | $309,000 | $41,000 | $94,000 |
| Debt-To-Income Ratio | 10 | $1,164,000 | $116,000 | $200,000 | $37,000 | $82,000 |
| Collateral | 9 | $1,121,000 | $124,000 | $260,000 | $68,000 | $185,000 |
| Employment History | 3 | $308,000 | $102,000 | $124,000 | $36,000 | $58,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $192,000 | $192,000 | $192,000 | $65,000 | $65,000 |
| Credit Application Incomplete | 1 | $196,000 | $196,000 | $196,000 | $76,000 | $76,000 |
| Other | 1 | $92,000 | $92,000 | $92,000 | $34,000 | $34,000 |
| Unverifiable Information | 1 | $53,000 | $53,000 | $53,000 | $48,000 | $48,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cumberland Bank & Trust's 2013 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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