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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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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 78 146 11,266
MORTGAGES 96 170 14,073
FORECLOSURE NOTICES 0 0 2,278
BUILDING PERMITS 403 549 24,583
BANKRUPTCIES 58 135 8,567
BUSINESS LICENSES 28 51 3,822
UTILITY CONNECTIONS 102 239 13,696
MARRIAGE LICENSES 14 49 3,080

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