Diamond Residential Mtg Corp Mortgage Lending & HMDA Data, 2014
In 2014, Diamond Residential Mtg Corp of Lake Forest, IL reported 3,224 mortgage applications totaling $523.6 million, up 49% from 2013. The average application was for $162,397, and applicants reported an average income of $74,679. 76% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Lake County-Kenosha County, IL-WI (605), Gary, IN (509) and Springfield, IL (367) (applications in parentheses).
| Mortgage Company & Address | Diamond Residential Mtg Corp 582 Oakwood Ave Lake Forest, IL 60045 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 3,224 |
| Total Mortgage Loan Application Amount | $523,571,000 |
| Average Mortgage Loan Application Amount | $162,397 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $74,679 |
| Highest Applicant Income | $874,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Diamond Residential Mtg Corp filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
Mortgage Loan Application Detail Totals for Diamond Residential Mtg Corp in 2014
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 2,770 | $438,667,000 | $158,000 | $1,000,000 | $73,000 | $874,000 |
| Refinancing | 446 | $83,674,000 | $187,000 | $886,000 | $85,000 | $489,000 |
| Home Improvement | 8 | $1,230,000 | $153,000 | $219,000 | $81,000 | $157,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 2,585 | $431,271,000 | $166,000 | $1,000,000 | $78,000 | $874,000 |
| Hispanic | 305 | $37,410,000 | $122,000 | $476,000 | $50,000 | $240,000 |
| Black or African American | 209 | $28,599,000 | $136,000 | $407,000 | $62,000 | $243,000 |
| Asian | 88 | $20,901,000 | $237,000 | $844,000 | $95,000 | $266,000 |
| Not Provided | 28 | $4,145,000 | $148,000 | $386,000 | $71,000 | $194,000 |
| Native Hawaiian or Other Pacific Islander | 7 | $1,123,000 | $160,000 | $401,000 | $78,000 | $259,000 |
| American Indian or Alaskan Native | 2 | $122,000 | $61,000 | $62,000 | $117,000 | $117,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 1,356 | $186,599,000 | $137,000 | $499,000 | $57,000 | $874,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 1,320 | $254,453,000 | $192,000 | $1,000,000 | $100,000 | $816,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 295 | $37,096,000 | $125,000 | $324,000 | $48,000 | $91,000 |
| VA-guaranteed (Veterans Administration) | 253 | $45,423,000 | $179,000 | $592,000 | $67,000 | $210,000 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 2,455 | $398,552,000 | $162,000 | $1,000,000 | $74,000 | $698,000 |
| Application Approved But Not Accepted | 466 | $81,870,000 | $175,000 | $886,000 | $84,000 | $874,000 |
| Application Denied By Financial Institution | 203 | $28,349,000 | $139,000 | $851,000 | $66,000 | $384,000 |
| File Closed For Incompleteness | 65 | $9,199,000 | $141,000 | $324,000 | $69,000 | $319,000 |
| Preapproval Denied by Financial Institution | 35 | $5,601,000 | $160,000 | $360,000 | $60,000 | $136,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Diamond Residential Mtg Corp's 2014 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Diamond Residential Mtg Corp's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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