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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 87 87 7,836
MORTGAGES 108 108 9,307
FORECLOSURE NOTICES 8 8 1,366
BUILDING PERMITS 130 130 16,737
BANKRUPTCIES 55 55 5,461
BUSINESS LICENSES 32 32 2,980
UTILITY CONNECTIONS 47 47 3,297
MARRIAGE LICENSES 37 37 1,725

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