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June Lender Analysis Report

July 30th, 2012
743 residential loans were filed at time of sale, up 7% from last June, totaling $126 million.
 
The average loan amount at time of sale was $169,163, up 12% from $150,767 in June 2011.

 

377 loans were conventional fixed rate with an average mortgage amount of $185,734.
 
196 loans were FHA fixed rate with an average mortgage amount of $145,318.
 
There were 35 loans where 2 mortgages were taken at time of sale, averaging $257,737.

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.

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