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VOL. 128 | NO. 74 | Tuesday, April 16, 2013

March Mortgages Drop 8 Percent

By Andy Meek

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From March 2012 to March 2013, the number of mortgages made in Shelby County dropped 8 percent – from 649 to 597.

March 2013 mortgage volume totaled a little more than $100 million, though, up from a little more than $97 million in March 2012.

The average mortgage amount between the two March periods rose from $149,915 in March 2012 to $167,716 in March 2013.

The top lenders in March 2013 were Community Mortgage Corp. with 69 mortgages, Magna Bank with 54 mortgages, Patriot Bank with 30 mortgages and Wells Fargo with 28 mortgages.

Chandler Reports is a division of The Daily News Publishing Co. Inc.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 116 413 13,039
MORTGAGES 149 479 16,949
FORECLOSURE NOTICES 0 26 3,316
BUILDING PERMITS 176 701 28,395
BANKRUPTCIES 87 303 10,793
BUSINESS LICENSES 26 111 4,315
UTILITY CONNECTIONS 97 472 16,821
MARRIAGE LICENSES 25 100 3,791

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