Live Well Financial, Inc. Mortgage Lending & HMDA Data, 2015
In 2015, Live Well Financial, Inc. of Richmond, VA reported 4,103 mortgage applications totaling $852.8 million. The average application was for $207,842, and applicants reported an average income of $40,991. 80% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (354), New York-Jersey City-White Plains, NY-NJ (230) and Riverside-San Bernardino-Ontario, CA (175) (applications in parentheses).
| Mortgage Company & Address | Live Well Financial, Inc. 1011 Boulder Springs Drive Richmond, VA 23225 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 2017 2016 2015 |
| Total Number of Mortgage Applications | 4,103 |
| Total Mortgage Loan Application Amount | $852,777,000 |
| Average Mortgage Loan Application Amount | $207,842 |
| Highest Mortgage Loan Application Amount | $690,000 |
| Average Applicant Income | $40,991 |
| Highest Applicant Income | $1,576,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Live Well Financial, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Live Well Financial, Inc. in 2015
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 |
|---|---|---|---|---|---|---|
| Refinancing | 3,993 | $823,507,000 | $206,000 | $690,000 | $40,000 | $1,576,000 |
| Home Purchase | 110 | $29,270,000 | $266,000 | $626,000 | $77,000 | $264,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 2,894 | $578,401,000 | $199,000 | $690,000 | $40,000 | $1,576,000 |
| Black or African American | 571 | $105,446,000 | $184,000 | $608,000 | $29,000 | $372,000 |
| Hispanic | 327 | $69,047,000 | $211,000 | $575,000 | $31,000 | $285,000 |
| Asian | 137 | $55,143,000 | $402,000 | $626,000 | $105,000 | $297,000 |
| Not Provided | 116 | $33,531,000 | $289,000 | $626,000 | $68,000 | $335,000 |
| Native Hawaiian or Other Pacific Islander | 49 | $9,378,000 | $191,000 | $448,000 | $35,000 | $312,000 |
| American Indian or Alaskan Native | 9 | $1,831,000 | $203,000 | $341,000 | $28,000 | $58,000 |
| 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) | 3,813 | $723,777,000 | $189,000 | $502,000 | $33,000 | $1,576,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 290 | $129,000,000 | $444,000 | $690,000 | $145,000 | $415,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 3,298 | $686,488,000 | $208,000 | $645,000 | $41,000 | $1,576,000 |
| Application Approved But Not Accepted | 356 | $59,877,000 | $168,000 | $469,000 | $24,000 | $358,000 |
| Application Withdrawn By Applicant | 268 | $64,739,000 | $241,000 | $690,000 | $68,000 | $394,000 |
| Application Denied By Financial Institution | 97 | $21,377,000 | $220,000 | $626,000 | $40,000 | $262,000 |
| File Closed For Incompleteness | 84 | $20,296,000 | $241,000 | $620,000 | $35,000 | $237,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 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 |
|---|---|---|---|---|---|---|
| Other | 45 | $11,736,000 | $260,000 | $626,000 | $27,000 | $262,000 |
| Collateral | 37 | $5,033,000 | $136,000 | $356,000 | $29,000 | $180,000 |
| Debt-To-Income Ratio | 4 | $1,522,000 | $380,000 | $624,000 | $121,000 | $157,000 |
| Unverifiable Information | 1 | $163,000 | $163,000 | $163,000 | $62,000 | $62,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $131,000 | $131,000 | $131,000 | $48,000 | $48,000 |
| Credit History | 1 | $144,000 | $144,000 | $144,000 | $75,000 | $75,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Live Well Financial, Inc.'s 2015 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 Live Well Financial, Inc.'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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