PNC Reverse Mortgage, LLC Mortgage Lending & HMDA Data, 2010
In 2010, PNC Reverse Mortgage, LLC of Winston-Salem, NC reported 172 mortgage applications totaling $37.6 million, down 99% from 2009. The average application was for $218,552, and applicants reported an average income of $114,465. 64% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Pittsburgh, PA (29), Baltimore-Towson, MD (16) and Philadelphia, PA (15) (applications in parentheses).
| Mortgage Company & Address | PNC Reverse Mortgage, LLC 100 N Main Street Mac D4001-063 Winston-Salem, NC 27150 |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 |
| Total Number of Mortgage Applications | 172 |
| Total Mortgage Loan Application Amount | $37,591,000 |
| Average Mortgage Loan Application Amount | $218,552 |
| Highest Mortgage Loan Application Amount | $675,000 |
| Average Applicant Income | $114,465 |
| Highest Applicant Income | $1,055,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records PNC Reverse Mortgage, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Allegheny, Pennsylvania | 20 | $ 3,462,000 | $ 173,100 | $ 170,000 |
| Baltimore, Maryland | 9 | $ 2,209,000 | $ 245,444 | $ 97,000 |
| Philadelphia, Pennsylvania | 9 | $ 1,653,000 | $ 183,666 | $ 84,000 |
| Bergen, New Jersey | 7 | $ 2,122,000 | $ 303,142 | $ 91,000 |
| Hudson, New Jersey | 5 | $ 1,523,000 | $ 304,600 | $ 125,000 |
| Jefferson, Kentucky | 4 | $ 407,000 | $ 101,750 | $ 55,000 |
| St. Mary's, Maryland | 4 | $ 1,223,000 | $ 305,750 | $ 102,000 |
| Union, New Jersey | 4 | $ 1,123,000 | $ 280,750 | $ 128,000 |
| Montgomery, Pennsylvania | 4 | $ 1,395,000 | $ 348,750 | $ 200,000 |
| Hardin, Kentucky | 3 | $ 308,000 | $ 102,666 | $ 37,000 |
| Meade, Kentucky | 3 | $ 289,000 | $ 96,333 | $ 41,000 |
| Montgomery, Maryland | 3 | $ 1,114,000 | $ 371,333 | $ 167,000 |
| Prince George's, Maryland | 3 | $ 402,000 | $ 134,000 | $ 48,000 |
| Middlesex, New Jersey | 3 | $ 448,000 | $ 149,333 | $ 69,000 |
| Monmouth, New Jersey | 3 | $ 674,000 | $ 224,666 | $ 99,000 |
| Morris, New Jersey | 3 | $ 767,000 | $ 255,666 | $ 94,000 |
| Ocean, New Jersey | 3 | $ 890,000 | $ 296,666 | $ 98,000 |
| Sussex, New Jersey | 3 | $ 619,000 | $ 206,333 | $ 68,000 |
| Butler, Ohio | 3 | $ 255,000 | $ 85,000 | $ 31,000 |
| Hamilton, Ohio | 3 | $ 648,000 | $ 216,000 | $ 92,000 |
| Warren, Ohio | 3 | $ 470,000 | $ 156,666 | $ 86,000 |
| Butler, Pennsylvania | 3 | $ 540,000 | $ 180,000 | $ 78,000 |
| New Castle, Delaware | 2 | $ 248,000 | $ 124,000 | $ 49,000 |
| Fayette, Kentucky | 2 | $ 390,000 | $ 195,000 | $ 147,000 |
| Baltimore City, Maryland | 2 | $ 403,000 | $ 201,500 | $ 222,000 |
| Calvert, Maryland | 2 | $ 1,020,000 | $ 510,000 | $ 128,000 |
| Carroll, Maryland | 2 | $ 308,000 | $ 154,000 | $ 97,000 |
| Howard, Maryland | 2 | $ 742,000 | $ 371,000 | $ 121,000 |
| Atlantic, New Jersey | 2 | $ 533,000 | $ 266,500 | $ 210,000 |
| Camden, New Jersey | 2 | $ 312,000 | $ 156,000 | $ 76,000 |
| Cape May, New Jersey | 2 | $ 476,000 | $ 238,000 | $ 140,000 |
| Hunterdon, New Jersey | 2 | $ 367,000 | $ 183,500 | $ 92,000 |
| Somerset, New Jersey | 2 | $ 498,000 | $ 249,000 | $ 126,000 |
| Chester, Pennsylvania | 2 | $ 697,000 | $ 348,500 | $ 160,000 |
| Fayette, Pennsylvania | 2 | $ 187,000 | $ 93,500 | $ 37,000 |
| Lancaster, Pennsylvania | 2 | $ 173,000 | $ 86,500 | $ 30,000 |
| Westmoreland, Pennsylvania | 2 | $ 234,000 | $ 117,000 | $ 53,000 |
| Contra Costa, California | 1 | $ 417,000 | $ 417,000 | $ 165,000 |
| Riverside, California | 1 | $ 248,000 | $ 248,000 | $ 85,000 |
| Sussex, Delaware | 1 | $ 110,000 | $ 110,000 | $ 53,000 |
| District of Columbia, District Of Columbia | 1 | $ 533,000 | $ 533,000 | $ 290,000 |
| Lee, Florida | 1 | $ 417,000 | $ 417,000 | $ 408,000 |
| Cook, Illinois | 1 | $ 350,000 | $ 350,000 | $ 265,000 |
| Jennings, Indiana | 1 | $ 100,000 | $ 100,000 | $ 43,000 |
| Washington, Indiana | 1 | $ 101,000 | $ 101,000 | $ 46,000 |
| Breckinridge, Kentucky | 1 | $ 74,000 | $ 74,000 | $ 18,000 |
| Kenton, Kentucky | 1 | $ 172,000 | $ 172,000 | $ 96,000 |
| Shelby, Kentucky | 1 | $ 158,000 | $ 158,000 | $ 72,000 |
| Orleans, Louisiana | 1 | $ 212,000 | $ 212,000 | $ 182,000 |
| Anne Arundel, Maryland | 1 | $ 416,000 | $ 416,000 | $ 90,000 |
| Wicomico, Maryland | 1 | $ 100,000 | $ 100,000 | $ 81,000 |
| Worcester, Maryland | 1 | $ 280,000 | $ 280,000 | $ 65,000 |
| Norfolk, Massachusetts | 1 | $ 484,000 | $ 484,000 | $ 180,000 |
| Cumberland, New Jersey | 1 | $ 179,000 | $ 179,000 | $ 49,000 |
| Gloucester, New Jersey | 1 | $ 215,000 | $ 215,000 | $ 58,000 |
| Mercer, New Jersey | 1 | $ 172,000 | $ 172,000 | $ 36,000 |
| Passaic, New Jersey | 1 | $ 675,000 | $ 675,000 | $ 220,000 |
| Clermont, Ohio | 1 | $ 175,000 | $ 175,000 | $ 97,000 |
| Franklin, Ohio | 1 | $ 307,000 | $ 307,000 | $ 416,000 |
| Beaver, Pennsylvania | 1 | $ 98,000 | $ 98,000 | $ 33,000 |
| Crawford, Pennsylvania | 1 | $ 123,000 | $ 123,000 | $ 238,000 |
| Dauphin, Pennsylvania | 1 | $ 84,000 | $ 84,000 | $ 54,000 |
| Huntingdon, Pennsylvania | 1 | $ 190,000 | $ 190,000 | $ 62,000 |
| Lehigh, Pennsylvania | 1 | $ 272,000 | $ 272,000 | $ 162,000 |
| Washington, Pennsylvania | 1 | $ 49,000 | $ 49,000 | $ 37,000 |
| York, Pennsylvania | 1 | $ 183,000 | $ 183,000 | $ 70,000 |
| Beaufort, South Carolina | 1 | $ 415,000 | $ 415,000 | $ 227,000 |
| Accomack, Virginia | 1 | $ 137,000 | $ 137,000 | $ 69,000 |
| Brunswick, Virginia | 1 | $ 413,000 | $ 413,000 | $ 321,000 |
| James City, Virginia | 1 | $ 270,000 | $ 270,000 | $ 692,000 |
| Spotsylvania, Virginia | 1 | $ 68,000 | $ 68,000 | $ 24,000 |
| Stafford, Virginia | 1 | $ 56,000 | $ 56,000 | $ 50,000 |
| Ohio, West Virginia | 1 | $ 79,000 | $ 79,000 | $ 38,000 |
Mortgage Loan Application Detail Totals for PNC Reverse Mortgage, LLC in 2010
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 | 94 | $23,138,000 | $246,000 | $650,000 | $144,000 | $1,055,000 |
| Home Purchase | 76 | $13,678,000 | $179,000 | $620,000 | $77,000 | $692,000 |
| Home Improvement | 2 | $775,000 | $387,000 | $675,000 | $150,000 | $220,000 |
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 | 119 | $26,598,000 | $223,000 | $650,000 | $131,000 | $1,055,000 |
| Not Provided | 25 | $5,177,000 | $207,000 | $484,000 | $81,000 | $228,000 |
| Black or African American | 13 | $2,196,000 | $168,000 | $308,000 | $61,000 | $124,000 |
| Asian | 8 | $1,823,000 | $227,000 | $417,000 | $96,000 | $157,000 |
| Hispanic | 7 | $1,797,000 | $256,000 | $675,000 | $85,000 | $220,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 106 | $25,826,000 | $243,000 | $650,000 | $148,000 | $1,055,000 |
| FHA-insured (Federal Housing Administration) | 61 | $10,510,000 | $172,000 | $675,000 | $60,000 | $220,000 |
| VA-guaranteed (Veterans Administration) | 4 | $1,134,000 | $283,000 | $620,000 | $88,000 | $136,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $121,000 | $121,000 | $121,000 | $64,000 | $64,000 |
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 | 110 | $24,968,000 | $226,000 | $650,000 | $132,000 | $1,055,000 |
| Application Approved But Not Accepted | 40 | $8,690,000 | $217,000 | $675,000 | $94,000 | $408,000 |
| Application Denied By Financial Institution | 21 | $3,803,000 | $181,000 | $417,000 | $69,000 | $162,000 |
| Preapproval Denied by Financial Institution | 1 | $130,000 | $130,000 | $130,000 | $42,000 | $42,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 9 | $2,038,000 | $226,000 | $417,000 | $80,000 | $162,000 |
| Collateral | 6 | $798,000 | $133,000 | $204,000 | $62,000 | $110,000 |
| Other | 3 | $593,000 | $197,000 | $274,000 | $81,000 | $109,000 |
| Credit History | 2 | $117,000 | $58,000 | $68,000 | $21,000 | $24,000 |
| Unverifiable Information | 1 | $248,000 | $248,000 | $248,000 | $85,000 | $85,000 |
| Employment History | 1 | $139,000 | $139,000 | $139,000 | $28,000 | $28,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into PNC Reverse Mortgage, LLC's 2010 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 PNC Reverse Mortgage, LLC'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.
For a list of all lenders in North Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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