The following reports provide an overview of residential mortgage lending patterns in Tennessee using the Home Mortgage Disclosure Act (HMDA) data, which is a very comprehensive data source on mortgage applications during the calendar year. They will be updated annually as the data become available.

2019 Home Loan Trends in Tennessee (using HMDA Data)

Before Covid-19, mortgage lending data showed that loan originations of all types were on the rise in Tennessee. Home purchase loans, refinances, and home improvement loans all increased from 2018 to 2019. In particular, traditional home refinance loans were tremendously responsive to lower interest rates, preceding the pandemic environment. For a comprehensive view of how this varied across geography, demographic group, and income ranges, view the full report.

[December 2020]

2018 Mortgage Lending Trends in Tennessee (using HMDA data)

In 2018, mortgage activity (all applications; regardless of outcome; including home purchase, refinancing and home improvement) in Tennessee declined from the prior year, similar to national trends. The source of this decline in overall activity was a decrease in overall refinance activity. The 2018 HMDA data have improved detail from prior years; for the first time, this report summarizes information on the prevalence of cash-out refinancing (as opposed to traditional refinances) and borrower DTI ratios.

[September 2020]

2017 HMDA Report

In 2017, mortgage activity (all applications; regardless of outcome; including home purchase, refinancing and home improvement) in Tennessee showed signs of slowing, similar to national trends. Nearly 330,000 applications for home purchase, refinancing and home improvement loans in Tennessee led to 164,577 loan originations, which represented a six percent decrease from 2016. In the nation, the total number of originated loans of all types and purposes declined by 12 percent.

[June 2019]

2016 HMDA Report

This report provides an overview of mortgage market activity and lending patterns in Tennessee using the Home Mortgage Disclosure Act (HMDA) data from 2007 through 2016 and compares different demographic groups and lender types. Total loan applications in 2016 were 15 percent higher and mortgage originations were 12 percent higher than in 2015. While volume increased, both loan applications and loan originations remained lower than the 2007 peak levels.

[April 2018]

2015 HMDA Report

Fewer Applications, Falling Denial Rates
This report provides an overview of mortgage market activity and lending patterns in Tennessee using the Home Mortgage Disclosure Act (HMDA) data from 2005 until 2014 and compares different demographic groups and lender types.

[August 2016]

2014 HMDA Report

Tennessee HMDA Data 2004-2013
This report provides an overview of mortgage market activity and lending patterns in Tennessee using the Home Mortgage Disclosure Act (HMDA) data from 2004 until 2013 and compares different demographic groups and lender types.

[September 2015]