Redwood Residential Acquisition Corporation Mortgage Lending & HMDA Data, 2017

In 2017, Redwood Residential Acquisition Corporation of Mill Valley, CA reported 8,291 mortgage applications totaling $6.2 billion, up 12% from 2016. The average application was for $750,933, and applicants reported an average income of $60,871. 6% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Seattle-Bellevue-Everett, WA (532), Los Angeles-Long Beach-Glendale, CA (514) and San Francisco-Redwood City-South San Francisco, CA (378) (applications in parentheses).

Mortgage Company & Address Redwood Residential Acquisition Corporation
1 Belvedere Place
Mill Valley, CA 94951
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  
Total Number of Mortgage Applications 8,291
Total Mortgage Loan Application Amount $6,225,991,000
Average Mortgage Loan Application Amount $750,933
Highest Mortgage Loan Application Amount $8,500,000
Average Applicant Income $60,871
Highest Applicant Income $13,758,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Redwood Residential Acquisition Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Redwood Residential Acquisition Corporation in 2017

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 5,171 $3,872,662,000 $748,000 $6,451,000 $62,000 $13,758,000
Refinancing 3,120 $2,353,329,000 $754,000 $8,500,000 $59,000 $6,648,000
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
Not applicable 7,131 $5,207,070,000 $730,000 $3,165,000 $0 $0
White 826 $715,968,000 $866,000 $8,500,000 $433,000 $13,758,000
Not Provided 154 $140,764,000 $914,000 $4,703,000 $530,000 $5,856,000
Asian 107 $100,036,000 $934,000 $2,160,000 $365,000 $2,174,000
Hispanic 40 $34,534,000 $863,000 $2,000,000 $401,000 $2,505,000
Black or African American 17 $13,834,000 $813,000 $2,000,000 $356,000 $1,501,000
American Indian or Alaskan Native 9 $6,733,000 $748,000 $988,000 $272,000 $460,000
Native Hawaiian or Other Pacific Islander 7 $7,052,000 $1,007,000 $3,000,000 $425,000 $1,889,000

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) 8,291 $6,225,991,000 $750,000 $8,500,000 $61,000 $13,758,000
FHA-insured (Federal Housing Administration) 0 $0 $0 $0 $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 Purchased By The Institution 7,131 $5,207,070,000 $730,000 $3,165,000 $0 $0
Loan Originated 537 $453,908,000 $845,000 $6,451,000 $451,000 $13,758,000
Application Denied By Financial Institution 262 $216,102,000 $824,000 $3,000,000 $359,000 $5,856,000
Application Approved But Not Accepted 224 $214,534,000 $957,000 $5,000,000 $465,000 $3,455,000
Application Withdrawn By Applicant 129 $126,721,000 $982,000 $8,500,000 $471,000 $6,648,000
File Closed For Incompleteness 8 $7,656,000 $957,000 $1,570,000 $613,000 $2,768,000
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 91 $76,632,000 $842,000 $3,000,000 $382,000 $5,217,000
Credit History 1 $618,000 $618,000 $618,000 $204,000 $204,000
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
Unverifiable Information 0 $0 $0 $0 $0 $0
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Redwood Residential Acquisition Corporation's 2017 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 Redwood Residential Acquisition Corporation'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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