Residential Acceptance Corporation Mortgage Lending & HMDA Data, 2015
In 2015, Residential Acceptance Corporation of Tampa, FL reported 1,665 mortgage applications totaling $217.7 million, down 16% from 2014. The average application was for $130,775, and applicants reported an average income of $49,639. 61% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Orlando-Kissimmee-Sanford, FL (104), Tampa-St. Petersburg-Clearwater, FL (104) and Baton Rouge, LA (57) (applications in parentheses).
| Mortgage Company & Address | Residential Acceptance Corporation 5027 W Laurel St Tampa, FL 33607 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 2017 2016 2015 2014 2013 2012 2011 2010 |
| Total Number of Mortgage Applications | 1,665 |
| Total Mortgage Loan Application Amount | $217,741,000 |
| Average Mortgage Loan Application Amount | $130,775 |
| Highest Mortgage Loan Application Amount | $600,000 |
| Average Applicant Income | $49,639 |
| Highest Applicant Income | $252,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Residential Acceptance Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Residential Acceptance Corporation 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 1,538 | $199,597,000 | $129,000 | $502,000 | $49,000 | $252,000 |
| Refinancing | 124 | $17,906,000 | $144,000 | $600,000 | $58,000 | $154,000 |
| Home Improvement | 3 | $238,000 | $79,000 | $91,000 | $32,000 | $46,000 |
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 | 965 | $119,592,000 | $123,000 | $418,000 | $50,000 | $252,000 |
| Black or African American | 307 | $41,301,000 | $134,000 | $502,000 | $49,000 | $151,000 |
| Hispanic | 288 | $43,399,000 | $150,000 | $600,000 | $51,000 | $220,000 |
| Not Provided | 97 | $12,509,000 | $128,000 | $301,000 | $52,000 | $165,000 |
| Asian | 5 | $594,000 | $118,000 | $226,000 | $41,000 | $63,000 |
| American Indian or Alaskan Native | 3 | $346,000 | $115,000 | $151,000 | $60,000 | $80,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 809 | $104,667,000 | $129,000 | $417,000 | $50,000 | $215,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 688 | $85,577,000 | $124,000 | $418,000 | $46,000 | $115,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 99 | $15,462,000 | $156,000 | $600,000 | $70,000 | $220,000 |
| VA-guaranteed (Veterans Administration) | 69 | $12,035,000 | $174,000 | $502,000 | $60,000 | $252,000 |
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 | 1,018 | $131,336,000 | $129,000 | $502,000 | $51,000 | $252,000 |
| Application Withdrawn By Applicant | 223 | $29,578,000 | $132,000 | $417,000 | $48,000 | $195,000 |
| Application Denied By Financial Institution | 191 | $26,950,000 | $141,000 | $600,000 | $47,000 | $131,000 |
| Preapproval Approved but not Accepted | 89 | $11,146,000 | $125,000 | $417,000 | $49,000 | $220,000 |
| Preapproval Denied by Financial Institution | 75 | $10,117,000 | $134,000 | $357,000 | $45,000 | $115,000 |
| Application Approved But Not Accepted | 63 | $7,953,000 | $126,000 | $301,000 | $51,000 | $116,000 |
| File Closed For Incompleteness | 3 | $279,000 | $93,000 | $183,000 | $62,000 | $117,000 |
| Loan Purchased By The Institution | 3 | $382,000 | $127,000 | $183,000 | $57,000 | $81,000 |
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 |
|---|---|---|---|---|---|---|
| Credit History | 44 | $6,180,000 | $140,000 | $337,000 | $50,000 | $114,000 |
| Debt-To-Income Ratio | 42 | $5,597,000 | $133,000 | $280,000 | $36,000 | $92,000 |
| Other | 29 | $4,144,000 | $142,000 | $304,000 | $57,000 | $121,000 |
| Employment History | 6 | $786,000 | $131,000 | $251,000 | $46,000 | $70,000 |
| Collateral | 5 | $388,000 | $77,000 | $112,000 | $22,000 | $27,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $600,000 | $150,000 | $221,000 | $55,000 | $73,000 |
| Unverifiable Information | 2 | $360,000 | $180,000 | $284,000 | $57,000 | $78,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Residential Acceptance Corporation'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 Residential Acceptance 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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