June Lender Analysis Report
The average sale amount on a residential loan was $197,316 making the average loan to value ratio 86%, unchanged from last year.
The majority of loans (23%) were between $50,000-$99,999.
There were six residential loans filed at time of sale that were over $1 million.
The Top Lenders by total number of residential loans at time of sale were: Community Mortgage (71 loans), Magna Bank (51 loans) and BancorpSouth (45 loans).
The Top Lenders by total number of all residential loans, including refinances, were: Wells Fargo (161 loans), Regions Bank (110 loans) and Magna Bank (105 loans).
Commercial loans at time of sale were also up, by 56%, with 28 filed averaging $5.5 million and totaling $155 million.
The largest commercial loan at time of sale was filed by CWCapital LLC for $25.7 million.
