Red Mortgage Capital Inc Mortgage Lending & HMDA Data, 2008
In 2008, Red Mortgage Capital Inc of Cleveland, OH reported 391 mortgage applications totaling $2.7 billion, down 6% from 2007. The average application was for $6,789,202, and applicants reported an average income of $0. 99% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Columbus, OH (44), Houston-Sugar Land-Baytown, TX (25) and Raleigh-Cary, NC (16) (applications in parentheses).
| Mortgage Company & Address | Red Mortgage Capital Inc 1900 E Ninth St Cleveland, OH 44114 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 |
| Total Number of Mortgage Applications | 391 |
| Total Mortgage Loan Application Amount | $2,654,578,000 |
| Average Mortgage Loan Application Amount | $6,789,202 |
| Highest Mortgage Loan Application Amount | $54,750,000 |
| Average Applicant Income | $0 |
| Highest Applicant Income | $0 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Red Mortgage Capital Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Columbus, OH | 44 | $ 164,361,000 | $ 3,735,477 | $ 0 |
| Houston-Sugar Land-Baytown, TX | 25 | $ 197,878,000 | $ 7,915,120 | $ 0 |
| Raleigh-Cary, NC | 16 | $ 180,314,000 | $ 11,269,625 | $ 0 |
| Fort Worth-Arlington, TX | 11 | $ 112,065,000 | $ 10,187,727 | $ 0 |
| Charlotte-Gastonia-Concord, NC-SC | 10 | $ 68,501,000 | $ 6,850,100 | $ 0 |
| Tampa-St. Petersburg-Clearwater, FL | 9 | $ 63,625,000 | $ 7,069,444 | $ 0 |
| Atlanta-Sandy Springs-Marietta, GA | 8 | $ 75,421,000 | $ 9,427,625 | $ 0 |
| Cincinnati-Middletown, OH-KY-IN | 8 | $ 13,965,000 | $ 1,745,625 | $ 0 |
| Columbia, SC | 7 | $ 38,964,000 | $ 5,566,285 | $ 0 |
| Dallas-Plano-Irving, TX | 7 | $ 114,040,000 | $ 16,291,428 | $ 0 |
| Dayton, OH | 7 | $ 20,395,000 | $ 2,913,571 | $ 0 |
| Salt Lake City, UT | 7 | $ 34,067,000 | $ 4,866,714 | $ 0 |
| Indianapolis-Carmel, IN | 6 | $ 62,833,000 | $ 10,472,166 | $ 0 |
| Los Angeles-Long Beach-Glendale, CA | 6 | $ 20,076,000 | $ 3,346,000 | $ 0 |
| Orlando-Kissimmee, FL | 6 | $ 72,678,000 | $ 12,113,000 | $ 0 |
| San Diego-Carlsbad-San Marcos, CA | 6 | $ 25,006,000 | $ 4,167,666 | $ 0 |
| Seattle-Bellevue-Everett, WA | 6 | $ 35,593,000 | $ 5,932,166 | $ 0 |
| Wilmington, NC | 6 | $ 45,300,000 | $ 7,550,000 | $ 0 |
| Anchorage, AK | 5 | $ 32,703,000 | $ 6,540,600 | $ 0 |
| Durham, NC | 5 | $ 49,549,000 | $ 9,909,800 | $ 0 |
| Evansville, IN-KY | 4 | $ 13,115,000 | $ 3,278,750 | $ 0 |
| Louisville-Jefferson County, KY-IN | 4 | $ 17,550,000 | $ 4,387,500 | $ 0 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 4 | $ 51,451,000 | $ 12,862,750 | $ 0 |
| Phoenix-Mesa-Scottsdale, AZ | 4 | $ 9,879,000 | $ 2,469,750 | $ 0 |
| Portland-Vancouver-Beaverton, OR-WA | 4 | $ 51,918,000 | $ 12,979,500 | $ 0 |
| Sacramento--Arden-Arcade--Roseville, CA | 4 | $ 31,768,000 | $ 7,942,000 | $ 0 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 4 | $ 12,628,000 | $ 3,157,000 | $ 0 |
| Kennewick-Pasco-Richland, WA | 3 | $ 12,083,000 | $ 4,027,666 | $ 0 |
| Riverside-San Bernardino-Ontario, CA | 3 | $ 8,758,000 | $ 2,919,333 | $ 0 |
| San Francisco-San Mateo-Redwood City, CA | 3 | $ 25,272,000 | $ 8,424,000 | $ 0 |
| San Jose-Sunnyvale-Santa Clara, CA | 3 | $ 78,859,000 | $ 26,286,333 | $ 0 |
| Santa Ana-Anaheim-Irvine, CA | 3 | $ 28,246,000 | $ 9,415,333 | $ 0 |
| Tucson, AZ | 3 | $ 37,642,000 | $ 12,547,333 | $ 0 |
| Albany-Schenectady-Troy, NY | 2 | $ 4,908,000 | $ 2,454,000 | $ 0 |
| Austin-Round Rock, TX | 2 | $ 13,144,000 | $ 6,572,000 | $ 0 |
| Baltimore-Towson, MD | 2 | $ 23,116,000 | $ 11,558,000 | $ 0 |
| Bremerton-Silverdale, WA | 2 | $ 21,938,000 | $ 10,969,000 | $ 0 |
| Charleston-North Charleston-Summerville, SC | 2 | $ 15,455,000 | $ 7,727,500 | $ 0 |
| Cleveland-Elyria-Mentor, OH | 2 | $ 8,251,000 | $ 4,125,500 | $ 0 |
| Des Moines-West Des Moines, IA | 2 | $ 12,054,000 | $ 6,027,000 | $ 0 |
| Detroit-Livonia-Dearborn, MI | 2 | $ 10,169,000 | $ 5,084,500 | $ 0 |
| Dover, DE | 2 | $ 9,021,000 | $ 4,510,500 | $ 0 |
| Jacksonville, NC | 2 | $ 11,689,000 | $ 5,844,500 | $ 0 |
| Kalamazoo-Portage, MI | 2 | $ 17,307,000 | $ 8,653,500 | $ 0 |
| Knoxville, TN | 2 | $ 22,696,000 | $ 11,348,000 | $ 0 |
| Lafayette, IN | 2 | $ 34,155,000 | $ 17,077,500 | $ 0 |
| Little Rock-North Little Rock-Conway, AR | 2 | $ 12,416,000 | $ 6,208,000 | $ 0 |
| Lubbock, TX | 2 | $ 9,083,000 | $ 4,541,500 | $ 0 |
| Memphis, TN-MS-AR | 2 | $ 7,699,000 | $ 3,849,500 | $ 0 |
| Oakland-Fremont-Hayward, CA | 2 | $ 27,675,000 | $ 13,837,500 | $ 0 |
| Oklahoma City, OK | 2 | $ 2,077,000 | $ 1,038,500 | $ 0 |
| Richmond, VA | 2 | $ 10,307,000 | $ 5,153,500 | $ 0 |
| Salem, OR | 2 | $ 20,280,000 | $ 10,140,000 | $ 0 |
| San Antonio, TX | 2 | $ 26,453,000 | $ 13,226,500 | $ 0 |
| Springfield, IL | 2 | $ 12,381,000 | $ 6,190,500 | $ 0 |
| Toledo, OH | 2 | $ 6,567,000 | $ 3,283,500 | $ 0 |
| Topeka, KS | 2 | $ 3,477,000 | $ 1,738,500 | $ 0 |
| Tyler, TX | 2 | $ 4,499,000 | $ 2,249,500 | $ 0 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 2 | $ 13,615,000 | $ 6,807,500 | $ 0 |
| Akron, OH | 1 | $ 15,184,000 | $ 15,184,000 | $ 0 |
| Allentown-Bethlehem-Easton, PA-NJ | 1 | $ 1,832,000 | $ 1,832,000 | $ 0 |
| Ames, IA | 1 | $ 4,131,000 | $ 4,131,000 | $ 0 |
| Anderson, SC | 1 | $ 3,352,000 | $ 3,352,000 | $ 0 |
| Auburn-Opelika, AL | 1 | $ 8,726,000 | $ 8,726,000 | $ 0 |
| Barnstable Town, MA | 1 | $ 1,033,000 | $ 1,033,000 | $ 0 |
| Baton Rouge, LA | 1 | $ 3,093,000 | $ 3,093,000 | $ 0 |
| Beaumont-Port Arthur, TX | 1 | $ 4,967,000 | $ 4,967,000 | $ 0 |
| Bridgeport-Stamford-Norwalk, CT | 1 | $ 917,000 | $ 917,000 | $ 0 |
| Cambridge-Newton-Framingham, MA | 1 | $ 5,556,000 | $ 5,556,000 | $ 0 |
| Charlottesville, VA | 1 | $ 3,492,000 | $ 3,492,000 | $ 0 |
| Colorado Springs, CO | 1 | $ 12,770,000 | $ 12,770,000 | $ 0 |
| Columbia, MO | 1 | $ 14,965,000 | $ 14,965,000 | $ 0 |
| Cumberland, MD-WV | 1 | $ 8,500,000 | $ 8,500,000 | $ 0 |
| Davenport-Moline-Rock Island, IA-IL | 1 | $ 3,126,000 | $ 3,126,000 | $ 0 |
| Decatur, AL | 1 | $ 6,270,000 | $ 6,270,000 | $ 0 |
| Denver-Aurora, CO | 1 | $ 8,919,000 | $ 8,919,000 | $ 0 |
| Eau Claire, WI | 1 | $ 3,982,000 | $ 3,982,000 | $ 0 |
| Elizabethtown, KY | 1 | $ 863,000 | $ 863,000 | $ 0 |
| Elkhart-Goshen, IN | 1 | $ 3,919,000 | $ 3,919,000 | $ 0 |
| Eugene-Springfield, OR | 1 | $ 12,800,000 | $ 12,800,000 | $ 0 |
| Florence, SC | 1 | $ 4,074,000 | $ 4,074,000 | $ 0 |
| Fort Smith, AR-OK | 1 | $ 3,576,000 | $ 3,576,000 | $ 0 |
| Gary, IN | 1 | $ 8,832,000 | $ 8,832,000 | $ 0 |
| Goldsboro, NC | 1 | $ 4,559,000 | $ 4,559,000 | $ 0 |
| Greenville-Mauldin-Easley, SC | 1 | $ 2,066,000 | $ 2,066,000 | $ 0 |
| Jacksonville, FL | 1 | $ 1,700,000 | $ 1,700,000 | $ 0 |
| Kankakee-Bradley, IL | 1 | $ 7,258,000 | $ 7,258,000 | $ 0 |
| Lake Charles, LA | 1 | $ 960,000 | $ 960,000 | $ 0 |
| Lansing-East Lansing, MI | 1 | $ 1,083,000 | $ 1,083,000 | $ 0 |
| Las Cruces, NM | 1 | $ 2,486,000 | $ 2,486,000 | $ 0 |
| Lincoln, NE | 1 | $ 4,913,000 | $ 4,913,000 | $ 0 |
| Michigan City-La Porte, IN | 1 | $ 11,560,000 | $ 11,560,000 | $ 0 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 19,700,000 | $ 19,700,000 | $ 0 |
| Mobile, AL | 1 | $ 1,242,000 | $ 1,242,000 | $ 0 |
| Olympia, WA | 1 | $ 9,788,000 | $ 9,788,000 | $ 0 |
| Omaha-Council Bluffs, NE-IA | 1 | $ 3,743,000 | $ 3,743,000 | $ 0 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 160,000 | $ 160,000 | $ 0 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 7,566,000 | $ 7,566,000 | $ 0 |
| Pittsburgh, PA | 1 | $ 150,000 | $ 150,000 | $ 0 |
| Portland-South Portland-Biddeford, ME | 1 | $ 1,196,000 | $ 1,196,000 | $ 0 |
| Providence-New Bedford-Fall River, RI-MA | 1 | $ 120,000 | $ 120,000 | $ 0 |
| Rochester, NY | 1 | $ 6,700,000 | $ 6,700,000 | $ 0 |
| Rockford, IL | 1 | $ 7,258,000 | $ 7,258,000 | $ 0 |
| Spokane, WA | 1 | $ 39,527,000 | $ 39,527,000 | $ 0 |
| Springfield, OH | 1 | $ 1,864,000 | $ 1,864,000 | $ 0 |
| State College, PA | 1 | $ 21,945,000 | $ 21,945,000 | $ 0 |
| Tacoma, WA | 1 | $ 2,320,000 | $ 2,320,000 | $ 0 |
| Tallahassee, FL | 1 | $ 7,641,000 | $ 7,641,000 | $ 0 |
| Texarkana, Tx-Texarkana, AR | 1 | $ 4,880,000 | $ 4,880,000 | $ 0 |
| Youngstown-Warren-Boardman, OH-PA | 1 | $ 1,177,000 | $ 1,177,000 | $ 0 |
Mortgage Loan Application Detail Totals for Red Mortgage Capital Inc in 2008
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 Improvement | 158 | $1,231,039,000 | $7,791,000 | $25,080,000 | $0 | $0 |
| Refinancing | 151 | $886,271,000 | $5,869,000 | $39,527,000 | $0 | $0 |
| Home Purchase | 82 | $537,268,000 | $6,552,000 | $54,750,000 | $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 |
|---|---|---|---|---|---|---|
| Not applicable | 391 | $2,654,578,000 | $6,789,000 | $54,750,000 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| White | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 333 | $2,552,199,000 | $7,664,000 | $54,750,000 | $0 | $0 |
| FHA-insured (Federal Housing Administration) | 58 | $102,379,000 | $1,765,000 | $11,560,000 | $0 | $0 |
| 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 | 387 | $2,620,423,000 | $6,771,000 | $54,750,000 | $0 | $0 |
| Application Withdrawn By Applicant | 4 | $34,155,000 | $8,538,000 | $12,300,000 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Denied By Financial Institution | 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 |
| 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 |
|---|---|---|---|---|---|---|
| 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 Red Mortgage Capital Inc's 2008 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 Red Mortgage Capital 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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