» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 128 | NO. 10 | Tuesday, January 15, 2013

December Mortgages Up 34 Percent

By Andy Meek

Print | Front Page | Email this story | Email reporter | Comments ()

Much like the fourth quarter, December was also an especially strong period for local mortgage activity.

From December 2011 to December 2012, total mortgage volume climbed 34 percent. December 2012 mortgages totaled a little more than $94 million, up from the nearly $70 million in December 2011.

There were 599 mortgages made in December 2012, a 25 percent increase from the 480 in December 2011. The average mortgage amount was $157,047, up from the $145,737 in December 2011.

The top lenders in December 2012 were Community Mortgage Corp. with 54 mortgages, Magna Bank with 37 mortgages, Wells Fargo with 34 mortgages and Patriot Bank with 33 mortgages.

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

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 327 11,765
MORTGAGES 76 371 15,350
FORECLOSURE NOTICES 37 108 3,019
BUILDING PERMITS 382 972 28,226
BANKRUPTCIES 65 345 11,307
BUSINESS LICENSES 19 117 4,155
UTILITY CONNECTIONS 184 700 17,184
MARRIAGE LICENSES 20 100 3,564

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.