Rutherford Bank & Trust Mortgage Lending & HMDA Data, 2003
In 2003, Rutherford Bank & Trust of Murfreesboro, TN reported 69 mortgage applications totaling $5.7 million. The average application was for $82,492, and applicants reported an average income of $149,362. 88% of its applications resulted in an originated loan and 12% were denied. Its largest market was Nashville, TN (49).
| Mortgage Company & Address | Rutherford Bank & Trust 372 W. Northfield Blvd. Murfreesboro, TN 37129 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2003 |
| Total Number of Mortgage Applications | 69 |
| Total Mortgage Loan Application Amount | $5,692,000 |
| Average Mortgage Loan Application Amount | $82,492 |
| Highest Mortgage Loan Application Amount | $600,000 |
| Average Applicant Income | $149,362 |
| Highest Applicant Income | $808,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Rutherford Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Rutherford Bank & Trust in 2003
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 |
|---|---|---|---|---|---|---|
| Refinancing (home purchase or home improvement, one-to-four family) | 40 | $3,889,000 | $91,500 | $600,000 | $153,000 | $344,000 |
| Home Purchase (one-to-four family) | 18 | $1,588,000 | $87,500 | $230,000 | $178,500 | $808,000 |
| Home Improvement (one-to-four family) | 11 | $215,000 | $16,500 | $51,000 | $61,500 | $121,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 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 | 53 | $4,649,000 | $85,500 | $600,000 | $75,000 | $320,000 |
| Black | 10 | $326,000 | $32,000 | $57,000 | $119,000 | $119,000 |
| Not applicable | 6 | $717,000 | $119,000 | $340,000 | $336,000 | $808,000 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Information not provided by applicant in mail or telephone application | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian or Pacific Islander | 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) | 69 | $5,692,000 | $81,500 | $600,000 | $131,500 | $808,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 | 61 | $5,010,000 | $82,000 | $600,000 | $162,000 | $808,000 |
| Application Denied By Financial Institution | 8 | $682,000 | $57,000 | $230,000 | $35,500 | $121,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 | 4 | $192,000 | $38,500 | $159,000 | $45,500 | $121,000 |
| Other | 3 | $430,000 | $143,000 | $230,000 | $58,000 | $95,000 |
| Unverifiable Information | 1 | $60,000 | $60,000 | $60,000 | $9,000 | $9,000 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Rutherford Bank & Trust's 2003 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 Rutherford 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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