Magna Bank
HMDA Loan Application Totals
and Mortgage Lending Details
for 2005
Magna Bank 2005 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.
Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher,
this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.
| Mortgage Company & Address | Magna Bank 6525 N Quail Hollow Rd Suite 513 Memphis, TN 38120 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,985 |
| Total Mortgage Loan Application Amount | $332,798,000 |
| Average Mortgage Loan Application Amount | $642,916 |
| Highest Mortgage Loan Application Amount | $8,500,000 |
| Average Applicant Income | $100,000 |
| Highest Applicant Income | $704,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2005 with Magna Bank. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing Magna Bank's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2005 breaks down Magna Bank's mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how Magna Bank serves its applicants.
Each category highlights the total number of mortgage applications processed by Magna Bank, total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at Magna Bank's mortgage activity for 2005.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Shelby County Tennessee | 920 | $ 164,427,000 | $ 178,000 | $ 67,000 |
| Davidson County Tennessee | 176 | $ 26,860,000 | $ 152,000 | $ 52,000 |
| DeSoto County Mississippi | 158 | $ 22,259,000 | $ 140,000 | $ 51,000 |
| Williamson County Tennessee | 126 | $ 26,834,000 | $ 212,000 | $ 88,000 |
| Sumner County Tennessee | 102 | $ 15,673,000 | $ 153,000 | $ 61,000 |
| Hamilton County Tennessee | 99 | $ 13,707,000 | $ 138,000 | $ 69,000 |
| Rutherford County Tennessee | 58 | $ 7,693,000 | $ 132,000 | $ 56,000 |
| Fayette County Tennessee | 54 | $ 10,015,000 | $ 185,000 | $ 66,000 |
| Tipton County Tennessee | 54 | $ 8,626,000 | $ 159,000 | $ 49,000 |
| Montgomery County Tennessee | 33 | $ 4,315,000 | $ 130,000 | $ 54,000 |
| Wilson County Tennessee | 31 | $ 4,577,000 | $ 147,000 | $ 57,000 |
| Maury County Tennessee | 20 | $ 2,759,000 | $ 137,000 | $ 50,000 |
| Robertson County Tennessee | 20 | $ 2,959,000 | $ 147,000 | $ 59,000 |
| Walker County Georgia | 17 | $ 2,168,000 | $ 127,000 | $ 51,000 |
| Cheatham County Tennessee | 13 | $ 2,128,000 | $ 163,000 | $ 47,000 |
| Catoosa County Georgia | 12 | $ 1,149,000 | $ 95,000 | $ 42,000 |
| Marshall County Mississippi | 10 | $ 1,202,000 | $ 120,000 | $ 52,000 |
| Dickson County Tennessee | 9 | $ 1,248,000 | $ 138,000 | $ 51,000 |
| Craighead County Arkansas | 7 | $ 698,000 | $ 99,000 | $ 54,000 |
| Bradley County Tennessee | 6 | $ 537,000 | $ 89,000 | $ 31,000 |
| Crittenden County Arkansas | 5 | $ 473,000 | $ 94,000 | $ 47,000 |
| Tate County Mississippi | 5 | $ 522,000 | $ 104,000 | $ 49,000 |
| Hardeman County Tennessee | 4 | $ 529,000 | $ 132,000 | $ 82,000 |
| Christian County Kentucky | 3 | $ 203,000 | $ 67,000 | $ 43,000 |
| Hardin County Tennessee | 3 | $ 254,000 | $ 84,000 | $ 33,000 |
| Marshall County Tennessee | 3 | $ 317,000 | $ 105,000 | $ 44,000 |
| Tishomingo County Mississippi | 2 | $ 277,000 | $ 138,000 | $ 111,000 |
| Haywood County Tennessee | 2 | $ 208,000 | $ 104,000 | $ 38,000 |
| Humphreys County Tennessee | 2 | $ 174,000 | $ 87,000 | $ 34,000 |
| Madison County Tennessee | 2 | $ 288,000 | $ 144,000 | $ 41,000 |
| Greene County Arkansas | 1 | $ 68,000 | $ 68,000 | $ 35,000 |
| Izard County Arkansas | 1 | $ 372,000 | $ 372,000 | $ 0 |
| Lawrence County Arkansas | 1 | $ 63,000 | $ 63,000 | $ 36,000 |
| Mississippi County Arkansas | 1 | $ 180,000 | $ 180,000 | $ 50,000 |
| Pulaski County Arkansas | 1 | $ 36,000 | $ 36,000 | $ 52,000 |
| Walton County Florida | 1 | $ 256,000 | $ 256,000 | $ 83,000 |
| Logan County Kentucky | 1 | $ 85,000 | $ 85,000 | $ 43,000 |
| Simpson County Kentucky | 1 | $ 105,000 | $ 105,000 | $ 28,000 |
| Alcorn County Mississippi | 1 | $ 75,000 | $ 75,000 | $ 110,000 |
| Lafayette County Mississippi | 1 | $ 76,000 | $ 76,000 | $ 130,000 |
| Lee County Mississippi | 1 | $ 96,000 | $ 96,000 | $ 60,000 |
| Leflore County Mississippi | 1 | $ 188,000 | $ 188,000 | $ 117,000 |
| Panola County Mississippi | 1 | $ 122,000 | $ 122,000 | $ 51,000 |
| Sunflower County Mississippi | 1 | $ 48,000 | $ 48,000 | $ 22,000 |
| Tippah County Mississippi | 1 | $ 26,000 | $ 26,000 | $ 10,000 |
| Bedford County Tennessee | 1 | $ 92,000 | $ 92,000 | $ 66,000 |
| Blount County Tennessee | 1 | $ 68,000 | $ 68,000 | $ 39,000 |
| Decatur County Tennessee | 1 | $ 240,000 | $ 240,000 | $ 185,000 |
| Dyer County Tennessee | 1 | $ 122,000 | $ 122,000 | $ 56,000 |
| Hamblen County Tennessee | 1 | $ 152,000 | $ 152,000 | $ 63,000 |
| Henry County Tennessee | 1 | $ 175,000 | $ 175,000 | $ 63,000 |
| Knox County Tennessee | 1 | $ 204,000 | $ 204,000 | $ 43,000 |
| Lauderdale County Tennessee | 1 | $ 102,000 | $ 102,000 | $ 39,000 |
| Lincoln County Tennessee | 1 | $ 166,000 | $ 166,000 | $ 47,000 |
| McMinn County Tennessee | 1 | $ 214,000 | $ 214,000 | $ 40,000 |
| McNairy County Tennessee | 1 | $ 186,000 | $ 186,000 | $ 38,000 |
| Sequatchie County Tennessee | 1 | $ 124,000 | $ 124,000 | $ 59,000 |
| Trousdale County Tennessee | 1 | $ 78,000 | $ 78,000 | $ 29,000 |
| Nueces County Texas | 1 | $ 6,000,000 | $ 6,000,000 | $ 0 |
Mortgage Loan Application Detail Totals for Magna Bank 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 | 1,872 | $304,386,000 | $141,500 | $8,500,000 | $55,333 | $704,000 |
| Refinancing | 112 | $28,212,000 | $1,333,200 | $6,000,000 | $39,400 | $525,000 |
| Home Improvement | 1 | $200,000 | $200,000 | $200,000 | $671,000 | $671,000 |
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 | 1,626 | $258,283,000 | $142,166 | $1,000,000 | $58,500 | $704,000 |
| Black or African American | 241 | $32,888,000 | $117,000 | $810,000 | $46,333 | $255,000 |
| Hispanic | 49 | $5,827,000 | $120,000 | $281,000 | $47,000 | $120,000 |
| Asian | 38 | $6,654,000 | $176,666 | $355,000 | $54,000 | $192,000 |
| Not Provided | 12 | $2,144,000 | $123,666 | $309,000 | $44,000 | $130,000 |
| Native Hawaiian or Other Pacific Islander | 8 | $1,199,000 | $192,500 | $255,000 | $103,000 | $150,000 |
| Not applicable | 8 | $25,201,000 | $4,371,500 | $8,500,000 | $0 | $0 |
| American Indian or Alaskan Native | 3 | $602,000 | $166,000 | $328,000 | $59,000 | $104,000 |
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) | 1,381 | $255,768,000 | $989,285 | $8,500,000 | $51,000 | $704,000 |
| FHA-insured (Federal Housing Administration) | 452 | $50,933,000 | $104,500 | $216,000 | $40,250 | $136,000 |
| VA-guaranteed (Veterans Administration) | 152 | $26,097,000 | $126,000 | $360,000 | $47,600 | $184,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 1,594 | $275,995,000 | $980,571 | $8,500,000 | $50,428 | $704,000 |
| Application Withdrawn By Applicant | 270 | $40,293,000 | $121,250 | $810,000 | $52,250 | $590,000 |
| Application Denied By Financial Institution | 92 | $12,372,000 | $116,500 | $443,000 | $38,750 | $228,000 |
| Application Approved But Not Accepted | 16 | $2,135,000 | $128,500 | $258,000 | $54,500 | $138,000 |
| File Closed For Incompleteness | 13 | $2,003,000 | $140,000 | $432,000 | $50,500 | $190,000 |
| 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 | 40 | $5,214,000 | $108,333 | $268,000 | $56,666 | $228,000 |
| Debt-To-Income Ratio | 29 | $4,197,000 | $144,333 | $286,000 | $36,000 | $88,000 |
| Other | 8 | $1,019,000 | $104,500 | $259,000 | $34,500 | $67,000 |
| Employment History | 6 | $905,000 | $149,500 | $443,000 | $42,500 | $100,000 |
| Collateral | 4 | $530,000 | $132,000 | $328,000 | $52,000 | $116,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $295,000 | $104,500 | $124,000 | $31,000 | $42,000 |
| Unverifiable Information | 2 | $212,000 | $106,000 | $128,000 | $53,000 | $72,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Magna Bank'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 Magna Bank'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.