Lending information for Tennessee - Market Share of Lenders

1. The leading lenders, by market share, are Countrywide Bank, Fsb, Jpmorgan Chase Bank, Na and Wells Fargo Funding, Inc. Do you have the best rate possible? Find out your credit score or browse
1. Homeowners in Tennessee borrowed an average of 1.79 times their annual income for their mortgage. This compares to 1.97 for all of the US. Based on the national average, there will be a normal risk that Tennessee homeowners will default on their mortgage payments in the coming years.
1. 89.7% of home owners in Tennessee that applied for a mortgage in 2008 live in their homes versus owning them as an investment property. This compares to the national average of 90.0%.
1. There were significantly more subprime loans taken out by home owners in Tennessee than the national average in 2008. That is to say, Tennessee will be more affected by the subprime mortgage crisis in years to come as a greater percentage of all mortgages in Tennessee - 7.3% versus 4.8% - will reset to higher rates in 2009. This will mean that there will be more foreclosures caused by the reseting of subprime mortgages in Tennessee than other areas of the US.

Top Ten Lenders
#	Name	Share	Apps
1	Countrywide Bank, Fsb	8.25%	28,517
2	Jpmorgan Chase Bank, Na	4.99%	18,764
3	Wells Fargo Funding, Inc	4.82%	13,353
4	Wells Fargo Bank, Na	4.52%	16,144
5	Suntrust Mortgage, Inc	4.41%	12,687
6	Regions Bank	3.73%	11,821
7	Franklin American Mortgage Co	2.83%	7,859
8	Citimortgage, Inc	2.68%	8,859
9	Beneficial Company Llc	2.44%	9,577
10	Hfc Company Llc	2.43%	8,833

Browse Counties