Peoples Home Equity Mortgage Lending & HMDA Data, 2015
In 2015, Peoples Home Equity of Brentwood, TN reported 18,259 mortgage applications totaling $4.0 billion, up 56% from 2014. The average application was for $219,830, and applicants reported an average income of $81,905. 63% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Chicago-Naperville-Arlington Heights, IL (3,094), Nashville-Davidson--Murfreesboro--Franklin, TN (1,877) and Milwaukee-Waukesha-West Allis, WI (1,209) (applications in parentheses).
| Mortgage Company & Address | Peoples Home Equity 5205 Maryland Way Suite 100 Brentwood, TN 37027 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 |
| Total Number of Mortgage Applications | 18,259 |
| Total Mortgage Loan Application Amount | $4,013,884,000 |
| Average Mortgage Loan Application Amount | $219,830 |
| Highest Mortgage Loan Application Amount | $3,005,000 |
| Average Applicant Income | $81,905 |
| Highest Applicant Income | $4,272,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Peoples Home Equity filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Peoples Home Equity in 2015
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 | 9,420 | $1,846,712,000 | $196,000 | $3,000,000 | $79,000 | $4,272,000 |
| Refinancing | 8,836 | $2,166,512,000 | $245,000 | $3,005,000 | $85,000 | $3,000,000 |
| Home Improvement | 3 | $660,000 | $220,000 | $476,000 | $93,000 | $154,000 |
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 | 13,713 | $3,029,058,000 | $220,000 | $3,005,000 | $85,000 | $4,272,000 |
| Hispanic | 2,303 | $491,229,000 | $213,000 | $1,080,000 | $67,000 | $3,000,000 |
| Black or African American | 991 | $174,326,000 | $175,000 | $672,000 | $60,000 | $492,000 |
| Not Provided | 604 | $127,338,000 | $210,000 | $1,980,000 | $82,000 | $1,512,000 |
| Asian | 580 | $174,475,000 | $300,000 | $1,850,000 | $111,000 | $1,044,000 |
| Native Hawaiian or Other Pacific Islander | 40 | $11,063,000 | $276,000 | $626,000 | $101,000 | $612,000 |
| American Indian or Alaskan Native | 28 | $6,395,000 | $228,000 | $638,000 | $66,000 | $240,000 |
| 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) | 10,091 | $2,470,212,000 | $244,000 | $3,005,000 | $103,000 | $4,272,000 |
| FHA-insured (Federal Housing Administration) | 5,977 | $1,108,073,000 | $185,000 | $765,000 | $55,000 | $1,560,000 |
| VA-guaranteed (Veterans Administration) | 1,369 | $330,791,000 | $241,000 | $1,200,000 | $72,000 | $372,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 822 | $104,808,000 | $127,000 | $337,000 | $45,000 | $132,000 |
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 | 11,435 | $2,391,137,000 | $209,000 | $1,729,000 | $81,000 | $4,272,000 |
| Application Withdrawn By Applicant | 5,916 | $1,450,002,000 | $245,000 | $3,005,000 | $86,000 | $3,000,000 |
| Application Denied By Financial Institution | 874 | $158,525,000 | $181,000 | $1,945,000 | $66,000 | $1,560,000 |
| Preapproval Approved but not Accepted | 32 | $13,759,000 | $429,000 | $3,000,000 | $160,000 | $1,596,000 |
| Preapproval Denied by Financial Institution | 2 | $461,000 | $230,000 | $265,000 | $72,000 | $108,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 404 | $75,130,000 | $185,000 | $835,000 | $64,000 | $1,560,000 |
| Debt-To-Income Ratio | 130 | $27,820,000 | $214,000 | $1,945,000 | $59,000 | $444,000 |
| Other | 125 | $17,296,000 | $138,000 | $385,000 | $69,000 | $564,000 |
| Collateral | 104 | $17,233,000 | $165,000 | $1,000,000 | $81,000 | $1,056,000 |
| Employment History | 35 | $5,588,000 | $159,000 | $312,000 | $53,000 | $144,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 31 | $7,164,000 | $231,000 | $1,452,000 | $81,000 | $396,000 |
| Unverifiable Information | 28 | $4,783,000 | $170,000 | $312,000 | $64,000 | $168,000 |
| Credit Application Incomplete | 19 | $3,972,000 | $209,000 | $900,000 | $77,000 | $276,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Peoples Home Equity's 2015 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 Peoples Home Equity'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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