Residential Finance Corporatio Mortgage Lending & HMDA Data, 2012
In 2012, Residential Finance Corporatio of Columbus, OH reported 18,909 mortgage applications totaling $3.9 billion. The average application was for $204,774, and applicants reported an average income of $74,226. 38% of its applications resulted in an originated loan and 25% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (644), Philadelphia, PA (631) and Edison-New Brunswick, NJ (598) (applications in parentheses).
| Mortgage Company & Address | Residential Finance Corporatio 1 Easton Oval #400 Columbus, OH 43219 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2013 2012 |
| Total Number of Mortgage Applications | 18,909 |
| Total Mortgage Loan Application Amount | $3,872,075,000 |
| Average Mortgage Loan Application Amount | $204,774 |
| Highest Mortgage Loan Application Amount | $1,698,000 |
| Average Applicant Income | $74,226 |
| Highest Applicant Income | $1,829,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Residential Finance Corporatio filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Finance Corporatio in 2012
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 | 15,724 | $3,186,740,000 | $202,000 | $1,500,000 | $73,000 | $1,829,000 |
| Home Improvement | 2,146 | $470,832,000 | $219,000 | $1,450,000 | $78,000 | $1,230,000 |
| Home Purchase | 1,039 | $214,503,000 | $206,000 | $1,698,000 | $85,000 | $764,000 |
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 | 10,338 | $2,115,029,000 | $204,000 | $1,698,000 | $80,000 | $1,829,000 |
| Not Provided | 6,477 | $1,281,117,000 | $197,000 | $1,500,000 | $64,000 | $1,200,000 |
| Black or African American | 913 | $168,630,000 | $184,000 | $733,000 | $61,000 | $425,000 |
| Asian | 580 | $169,583,000 | $292,000 | $1,150,000 | $116,000 | $1,080,000 |
| Hispanic | 489 | $104,131,000 | $212,000 | $741,000 | $72,000 | $438,000 |
| Native Hawaiian or Other Pacific Islander | 85 | $28,028,000 | $329,000 | $773,000 | $83,000 | $257,000 |
| American Indian or Alaskan Native | 27 | $5,557,000 | $205,000 | $446,000 | $84,000 | $192,000 |
| 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 8,655 | $1,943,155,000 | $224,000 | $1,698,000 | $93,000 | $1,829,000 |
| FHA-insured (Federal Housing Administration) | 8,051 | $1,484,814,000 | $184,000 | $1,119,000 | $60,000 | $699,000 |
| VA-guaranteed (Veterans Administration) | 2,100 | $429,595,000 | $204,000 | $1,150,000 | $55,000 | $1,200,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 103 | $14,511,000 | $140,000 | $325,000 | $41,000 | $96,000 |
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 | 7,168 | $1,529,185,000 | $213,000 | $1,450,000 | $82,000 | $1,829,000 |
| File Closed For Incompleteness | 5,584 | $1,151,676,000 | $206,000 | $1,500,000 | $77,000 | $1,200,000 |
| Application Denied By Financial Institution | 4,812 | $913,210,000 | $189,000 | $1,698,000 | $58,000 | $1,080,000 |
| Application Withdrawn By Applicant | 1,211 | $249,187,000 | $205,000 | $1,292,000 | $83,000 | $638,000 |
| Application Approved But Not Accepted | 83 | $17,659,000 | $212,000 | $622,000 | $85,000 | $416,000 |
| Preapproval Denied by Financial Institution | 50 | $10,975,000 | $219,000 | $492,000 | $54,000 | $147,000 |
| Preapproval Approved but not Accepted | 1 | $183,000 | $183,000 | $183,000 | $79,000 | $79,000 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Credit History | 2,093 | $381,743,000 | $182,000 | $800,000 | $53,000 | $408,000 |
| Collateral | 438 | $85,075,000 | $194,000 | $689,000 | $80,000 | $581,000 |
| Debt-To-Income Ratio | 216 | $47,918,000 | $221,000 | $1,698,000 | $66,000 | $546,000 |
| Other | 42 | $9,915,000 | $236,000 | $1,000,000 | $90,000 | $254,000 |
| Credit Application Incomplete | 18 | $3,347,000 | $185,000 | $368,000 | $81,000 | $400,000 |
| Employment History | 15 | $2,717,000 | $181,000 | $555,000 | $64,000 | $174,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 9 | $1,886,000 | $209,000 | $518,000 | $56,000 | $264,000 |
| Unverifiable Information | 8 | $1,768,000 | $221,000 | $377,000 | $78,000 | $176,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Residential Finance Corporatio's 2012 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 Finance Corporatio'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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