Mortgage Investors Group Mortgage Lending & HMDA Data, 2013

In 2013, Mortgage Investors Group of Nashville, TN reported 8,444 mortgage applications totaling $1.4 billion, down 1% from 2012. The average application was for $161,380, and applicants reported an average income of $74,919. 74% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Knoxville, TN (3,336), Chattanooga, TN-GA (1,027) and Nashville-Davidson--Murfreesboro--Franklin, TN (898) (applications in parentheses).

Mortgage Company & Address Mortgage Investors Group
501 James Robertson Parkway
Nashville, TN 37219
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  
Total Number of Mortgage Applications 8,444
Total Mortgage Loan Application Amount $1,362,700,000
Average Mortgage Loan Application Amount $161,380
Highest Mortgage Loan Application Amount $1,365,000
Average Applicant Income $74,919
Highest Applicant Income $3,346,000

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(HMDA) records Mortgage Investors Group filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Mortgage Investors Group 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 5,823 $918,679,000 $157,000 $685,000 $70,000 $1,985,000
Refinancing 2,602 $441,896,000 $169,000 $1,365,000 $86,000 $3,346,000
Home Improvement 19 $2,125,000 $111,000 $201,000 $65,000 $131,000

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 7,188 $1,147,532,000 $159,000 $1,365,000 $74,000 $3,346,000
Not Provided 694 $133,042,000 $191,000 $673,000 $92,000 $1,985,000
Black or African American 302 $42,013,000 $139,000 $417,000 $60,000 $720,000
Hispanic 169 $23,836,000 $141,000 $417,000 $66,000 $343,000
Asian 75 $13,779,000 $183,000 $360,000 $94,000 $559,000
American Indian or Alaskan Native 10 $1,496,000 $149,000 $380,000 $76,000 $319,000
Native Hawaiian or Other Pacific Islander 6 $1,002,000 $167,000 $244,000 $54,000 $95,000
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) 4,768 $855,059,000 $179,000 $1,365,000 $94,000 $3,346,000
FHA-insured (Federal Housing Administration) 2,177 $290,585,000 $133,000 $439,000 $53,000 $605,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 805 $95,886,000 $119,000 $324,000 $40,000 $150,000
VA-guaranteed (Veterans Administration) 694 $121,170,000 $174,000 $502,000 $59,000 $295,000

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 6,208 $1,016,562,000 $163,000 $439,000 $75,000 $1,985,000
Application Withdrawn By Applicant 918 $145,793,000 $158,000 $1,365,000 $81,000 $847,000
Application Denied By Financial Institution 593 $82,569,000 $139,000 $805,000 $58,000 $912,000
Application Approved But Not Accepted 419 $67,223,000 $160,000 $893,000 $83,000 $1,089,000
Loan Purchased By The Institution 239 $40,077,000 $167,000 $417,000 $98,000 $3,346,000
File Closed For Incompleteness 67 $10,476,000 $156,000 $417,000 $79,000 $630,000
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 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0
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

Our comprehensive HMDA mortgage statistics provide invaluable insights into Mortgage Investors Group'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 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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