Mortgage Investors Group Mortgage Lending & HMDA Data, 2010
In 2010, Mortgage Investors Group of Knoxville, TN reported 6,567 mortgage applications totaling $1.0 billion, down 23% from 2009. The average application was for $159,181, and applicants reported an average income of $71,139. 85% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Knoxville, TN (2,564), Chattanooga, TN-GA (651) and Memphis, TN-MS-AR (593) (applications in parentheses).
| Mortgage Company & Address | Mortgage Investors Group 8320 E. Walker Springs Lane Knoxville, TN 37923 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 | 6,567 |
| Total Mortgage Loan Application Amount | $1,045,343,000 |
| Average Mortgage Loan Application Amount | $159,181 |
| Highest Mortgage Loan Application Amount | $900,000 |
| Average Applicant Income | $71,139 |
| Highest Applicant Income | $1,012,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mortgage Investors Group filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Knoxville, TN | 2,564 | $ 443,489,000 | $ 172,967 | $ 78,000 |
| Chattanooga, TN-GA | 651 | $ 92,812,000 | $ 142,568 | $ 62,354 |
| Memphis, TN-MS-AR | 593 | $ 100,122,000 | $ 168,839 | $ 78,011 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 484 | $ 79,633,000 | $ 164,530 | $ 69,000 |
| Johnson City, TN | 260 | $ 35,730,000 | $ 137,423 | $ 55,000 |
| Clarksville, TN-KY | 138 | $ 18,326,000 | $ 132,797 | $ 50,804 |
| Kingsport-Bristol-Bristol, TN-VA | 135 | $ 17,869,000 | $ 132,362 | $ 49,000 |
| Morristown, TN | 108 | $ 14,246,000 | $ 131,907 | $ 53,000 |
| Atlanta-Sandy Springs-Marietta, GA | 102 | $ 15,458,000 | $ 151,549 | $ 60,000 |
| Huntsville, AL | 49 | $ 8,018,000 | $ 163,632 | $ 80,000 |
| Cleveland, TN | 35 | $ 5,067,000 | $ 144,771 | $ 62,000 |
| Dalton, GA | 16 | $ 1,545,000 | $ 96,562 | $ 50,000 |
| Louisville-Jefferson County, KY-IN | 16 | $ 2,393,000 | $ 149,562 | $ 57,000 |
| Jonesboro, AR | 11 | $ 1,851,000 | $ 168,272 | $ 73,000 |
| Elizabethtown, KY | 8 | $ 1,804,000 | $ 225,500 | $ 75,000 |
| Jackson, TN | 5 | $ 873,000 | $ 174,600 | $ 72,000 |
| Decatur, AL | 4 | $ 780,000 | $ 195,000 | $ 63,000 |
| Florence-Muscle Shoals, AL | 4 | $ 928,000 | $ 232,000 | $ 109,000 |
| Greensboro-High Point, NC | 4 | $ 930,000 | $ 232,500 | $ 81,000 |
| Asheville, NC | 3 | $ 439,000 | $ 146,333 | $ 124,000 |
| Lexington-Fayette, KY | 3 | $ 347,000 | $ 115,666 | $ 50,000 |
| Winston-Salem, NC | 3 | $ 259,000 | $ 86,333 | $ 33,000 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 2 | $ 301,000 | $ 150,500 | $ 80,000 |
| Hinesville-Fort Stewart, GA | 2 | $ 139,000 | $ 69,500 | $ 48,000 |
| Little Rock-North Little Rock-Conway, AR | 2 | $ 293,000 | $ 146,500 | $ 54,000 |
| Athens-Clarke County, GA | 1 | $ 206,000 | $ 206,000 | $ 112,000 |
| Auburn-Opelika, AL | 1 | $ 178,000 | $ 178,000 | $ 39,000 |
| Birmingham-Hoover, AL | 1 | $ 274,000 | $ 274,000 | $ 93,000 |
| Bowling Green, KY | 1 | $ 294,000 | $ 294,000 | $ 83,000 |
| Evansville, IN-KY | 1 | $ 103,000 | $ 103,000 | $ 30,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 1 | $ 97,000 | $ 97,000 | $ 64,000 |
| Gainesville, GA | 1 | $ 41,000 | $ 41,000 | $ 19,000 |
| Jackson, MS | 1 | $ 84,000 | $ 84,000 | $ 78,000 |
| Valdosta, GA | 1 | $ 413,000 | $ 413,000 | $ 228,000 |
Mortgage Loan Application Detail Totals for Mortgage Investors Group in 2010
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 | 3,709 | $536,438,000 | $144,000 | $590,000 | $62,000 | $942,000 |
| Refinancing | 2,858 | $508,905,000 | $178,000 | $900,000 | $83,000 | $1,012,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 5,634 | $906,858,000 | $160,000 | $900,000 | $73,000 | $1,012,000 |
| Black or African American | 412 | $56,877,000 | $138,000 | $442,000 | $49,000 | $296,000 |
| Not Provided | 296 | $45,029,000 | $152,000 | $417,000 | $68,000 | $457,000 |
| Hispanic | 139 | $19,358,000 | $139,000 | $417,000 | $55,000 | $234,000 |
| Asian | 70 | $13,944,000 | $199,000 | $417,000 | $87,000 | $360,000 |
| Native Hawaiian or Other Pacific Islander | 12 | $2,611,000 | $217,000 | $412,000 | $73,000 | $164,000 |
| American Indian or Alaskan Native | 4 | $666,000 | $166,000 | $336,000 | $74,000 | $179,000 |
| Not applicable | 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) | 3,418 | $617,341,000 | $180,000 | $900,000 | $91,000 | $1,012,000 |
| FHA-insured (Federal Housing Administration) | 2,682 | $353,146,000 | $131,000 | $442,000 | $48,000 | $798,000 |
| VA-guaranteed (Veterans Administration) | 401 | $68,009,000 | $169,000 | $417,000 | $63,000 | $259,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 66 | $6,847,000 | $103,000 | $209,000 | $39,000 | $76,000 |
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 | 5,591 | $892,614,000 | $159,000 | $875,000 | $72,000 | $1,012,000 |
| Application Approved But Not Accepted | 546 | $86,449,000 | $158,000 | $557,000 | $70,000 | $430,000 |
| Application Withdrawn By Applicant | 267 | $42,421,000 | $158,000 | $563,000 | $62,000 | $403,000 |
| Application Denied By Financial Institution | 163 | $23,859,000 | $146,000 | $900,000 | $60,000 | $507,000 |
| 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 | 55 | $9,372,000 | $170,000 | $900,000 | $69,000 | $232,000 |
| Credit History | 29 | $3,394,000 | $117,000 | $193,000 | $39,000 | $76,000 |
| Debt-To-Income Ratio | 23 | $3,354,000 | $145,000 | $347,000 | $40,000 | $123,000 |
| Employment History | 11 | $1,263,000 | $114,000 | $229,000 | $46,000 | $175,000 |
| Other | 10 | $1,628,000 | $162,000 | $273,000 | $58,000 | $117,000 |
| Credit Application Incomplete | 3 | $447,000 | $149,000 | $205,000 | $39,000 | $57,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $268,000 | $134,000 | $180,000 | $261,000 | $507,000 |
| Mortgage Insurance Denied | 1 | $242,000 | $242,000 | $242,000 | $100,000 | $100,000 |
| Unverifiable Information | 1 | $81,000 | $81,000 | $81,000 | $21,000 | $21,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mortgage Investors Group's 2010 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 Mortgage Investors Group'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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