Residential Home Funding Corp. Mortgage Lending & HMDA Data, 2011
In 2011, Residential Home Funding Corp. of White Plains, NY reported 4,208 mortgage applications totaling $1.2 billion, down 1% from 2010. The average application was for $282,214, and applicants reported an average income of $112,496. 62% of its applications resulted in an originated loan and 11% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (1,315), Newark-Union, NJ-PA (874) and Edison-New Brunswick, NJ (478) (applications in parentheses).
| Mortgage Company & Address | Residential Home Funding Corp. 707 Westchester Avenue, Suite 305 White Plains, NY 10604 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 4,208 |
| Total Mortgage Loan Application Amount | $1,187,558,000 |
| Average Mortgage Loan Application Amount | $282,214 |
| Highest Mortgage Loan Application Amount | $1,800,000 |
| Average Applicant Income | $112,496 |
| Highest Applicant Income | $1,824,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Residential Home Funding Corp. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Morris, New Jersey | 294 | $ 86,949,000 | $ 295,744 | $ 125,000 |
| Bergen, New Jersey | 263 | $ 93,164,000 | $ 354,235 | $ 143,000 |
| Essex, New Jersey | 222 | $ 59,140,000 | $ 266,396 | $ 109,000 |
| Suffolk, New York | 206 | $ 58,749,000 | $ 285,189 | $ 112,000 |
| Queens, New York | 185 | $ 64,119,000 | $ 346,589 | $ 88,000 |
| Passaic, New Jersey | 179 | $ 42,091,000 | $ 235,145 | $ 82,000 |
| Hudson, New Jersey | 172 | $ 45,991,000 | $ 267,389 | $ 105,000 |
| Westchester, New York | 165 | $ 59,658,000 | $ 361,563 | $ 144,000 |
| Middlesex, New Jersey | 163 | $ 41,051,000 | $ 251,846 | $ 96,000 |
| Union, New Jersey | 162 | $ 38,755,000 | $ 239,228 | $ 86,000 |
| Nassau, New York | 157 | $ 53,774,000 | $ 342,509 | $ 131,000 |
| Sussex, New Jersey | 156 | $ 35,173,000 | $ 225,467 | $ 93,000 |
| Monmouth, New Jersey | 150 | $ 51,692,000 | $ 344,613 | $ 160,000 |
| Kings, New York | 138 | $ 56,950,000 | $ 412,681 | $ 111,000 |
| Santa Fe, New Mexico | 107 | $ 30,935,000 | $ 289,112 | $ 128,000 |
| Somerset, New Jersey | 84 | $ 26,404,000 | $ 314,333 | $ 141,000 |
| Dutchess, New York | 84 | $ 19,394,000 | $ 230,880 | $ 88,000 |
| Orange, New York | 82 | $ 16,859,000 | $ 205,597 | $ 91,000 |
| Ocean, New Jersey | 81 | $ 24,574,000 | $ 303,382 | $ 131,000 |
| Warren, New Jersey | 74 | $ 15,628,000 | $ 211,189 | $ 94,000 |
| Bronx, New York | 70 | $ 23,849,000 | $ 340,700 | $ 92,000 |
| Richmond, New York | 52 | $ 16,226,000 | $ 312,038 | $ 89,000 |
| Philadelphia, Pennsylvania | 45 | $ 8,106,000 | $ 180,133 | $ 74,000 |
| Burlington, New Jersey | 43 | $ 9,575,000 | $ 222,674 | $ 89,000 |
| Mercer, New Jersey | 42 | $ 8,971,000 | $ 213,595 | $ 87,000 |
| Rockland, New York | 42 | $ 12,588,000 | $ 299,714 | $ 120,000 |
| Fairfield, Connecticut | 39 | $ 14,129,000 | $ 362,282 | $ 146,000 |
| Camden, New Jersey | 37 | $ 6,519,000 | $ 176,189 | $ 66,000 |
| Hunterdon, New Jersey | 33 | $ 9,978,000 | $ 302,363 | $ 180,000 |
| Montgomery, Pennsylvania | 32 | $ 6,872,000 | $ 214,750 | $ 110,000 |
| Montgomery, Maryland | 30 | $ 10,276,000 | $ 342,533 | $ 118,000 |
| Delaware, Pennsylvania | 28 | $ 5,555,000 | $ 198,392 | $ 98,000 |
| New York, New York | 26 | $ 13,358,000 | $ 513,769 | $ 246,000 |
| Hartford, Connecticut | 25 | $ 4,405,000 | $ 176,200 | $ 98,000 |
| Putnam, New York | 23 | $ 5,766,000 | $ 250,695 | $ 106,000 |
| Bucks, Pennsylvania | 23 | $ 5,138,000 | $ 223,391 | $ 103,000 |
| New Haven, Connecticut | 21 | $ 3,501,000 | $ 166,714 | $ 67,000 |
| Chester, Pennsylvania | 21 | $ 4,770,000 | $ 227,142 | $ 100,000 |
| Pueblo, Colorado | 20 | $ 2,702,000 | $ 135,100 | $ 53,000 |
| Prince George's, Maryland | 20 | $ 7,259,000 | $ 362,950 | $ 128,000 |
| Ulster, New York | 20 | $ 4,691,000 | $ 234,550 | $ 116,000 |
| Northampton, Pennsylvania | 20 | $ 3,886,000 | $ 194,300 | $ 81,000 |
| Los Angeles, California | 19 | $ 5,256,000 | $ 276,631 | $ 82,000 |
| Lehigh, Pennsylvania | 16 | $ 3,099,000 | $ 193,687 | $ 84,000 |
| Gloucester, New Jersey | 15 | $ 2,649,000 | $ 176,600 | $ 106,000 |
| Palm Beach, Florida | 12 | $ 2,905,000 | $ 242,083 | $ 425,000 |
| Atlantic, New Jersey | 11 | $ 3,169,000 | $ 288,090 | $ 140,000 |
| Berks, Pennsylvania | 11 | $ 1,777,000 | $ 161,545 | $ 74,000 |
| Westmoreland, Pennsylvania | 11 | $ 1,949,000 | $ 177,181 | $ 81,000 |
| Orange, Florida | 10 | $ 2,192,000 | $ 219,200 | $ 83,000 |
| Litchfield, Connecticut | 9 | $ 1,382,000 | $ 153,555 | $ 71,000 |
| Frederick, Maryland | 9 | $ 2,051,000 | $ 227,888 | $ 80,000 |
| Broward, Florida | 7 | $ 1,332,000 | $ 190,285 | $ 96,000 |
| Cumberland, New Jersey | 7 | $ 1,011,000 | $ 144,428 | $ 49,000 |
| Bernalillo, New Mexico | 7 | $ 1,797,000 | $ 256,714 | $ 116,000 |
| Pike, Pennsylvania | 7 | $ 922,000 | $ 131,714 | $ 64,000 |
| York, Pennsylvania | 7 | $ 1,005,000 | $ 143,571 | $ 60,000 |
| Orange, California | 6 | $ 3,119,000 | $ 519,833 | $ 362,000 |
| Cape May, New Jersey | 6 | $ 1,420,000 | $ 236,666 | $ 63,000 |
| Allegheny, Pennsylvania | 6 | $ 1,616,000 | $ 269,333 | $ 96,000 |
| Cumberland, Pennsylvania | 6 | $ 1,278,000 | $ 213,000 | $ 87,000 |
| Luzerne, Pennsylvania | 6 | $ 586,000 | $ 97,666 | $ 55,000 |
| Charles, Maryland | 5 | $ 1,678,000 | $ 335,600 | $ 78,000 |
| Howard, Maryland | 5 | $ 1,254,000 | $ 250,800 | $ 155,000 |
| Clinton, New York | 5 | $ 705,000 | $ 141,000 | $ 107,000 |
| Greene, New York | 5 | $ 1,004,000 | $ 200,800 | $ 182,000 |
| Sullivan, New York | 5 | $ 1,054,000 | $ 210,800 | $ 78,000 |
| Lancaster, Pennsylvania | 5 | $ 579,000 | $ 115,800 | $ 41,000 |
| Placer, California | 4 | $ 1,889,000 | $ 472,250 | $ 213,000 |
| Duval, Florida | 4 | $ 516,000 | $ 129,000 | $ 91,000 |
| Osceola, Florida | 4 | $ 563,000 | $ 140,750 | $ 138,000 |
| Baltimore City, Maryland | 4 | $ 513,000 | $ 128,250 | $ 43,000 |
| Dona Ana, New Mexico | 4 | $ 1,248,000 | $ 312,000 | $ 128,000 |
| Broome, New York | 4 | $ 448,000 | $ 112,000 | $ 52,000 |
| Oneida, New York | 4 | $ 593,000 | $ 148,250 | $ 94,000 |
| Rensselaer, New York | 4 | $ 664,000 | $ 166,000 | $ 68,000 |
| Monroe, Pennsylvania | 4 | $ 361,000 | $ 90,250 | $ 36,000 |
| Alameda, California | 3 | $ 1,214,000 | $ 404,666 | $ 89,000 |
| Middlesex, Connecticut | 3 | $ 665,000 | $ 221,666 | $ 113,000 |
| New London, Connecticut | 3 | $ 593,000 | $ 197,666 | $ 106,000 |
| Lake, Florida | 3 | $ 582,000 | $ 194,000 | $ 116,000 |
| Miami-Dade, Florida | 3 | $ 578,000 | $ 192,666 | $ 366,000 |
| Cook, Illinois | 3 | $ 1,075,000 | $ 358,333 | $ 147,000 |
| Worcester, Maryland | 3 | $ 777,000 | $ 259,000 | $ 229,000 |
| Erie, New York | 3 | $ 613,000 | $ 204,333 | $ 140,000 |
| Saratoga, New York | 3 | $ 850,000 | $ 283,333 | $ 112,000 |
| Lackawanna, Pennsylvania | 3 | $ 519,000 | $ 173,000 | $ 71,000 |
| Riverside, California | 2 | $ 382,000 | $ 191,000 | $ 13,000 |
| San Joaquin, California | 2 | $ 274,000 | $ 137,000 | $ 23,000 |
| New Castle, Delaware | 2 | $ 246,000 | $ 123,000 | $ 49,000 |
| District of Columbia, District Of Columbia | 2 | $ 538,000 | $ 269,000 | $ 16,000 |
| Collier, Florida | 2 | $ 450,000 | $ 225,000 | $ 342,000 |
| Manatee, Florida | 2 | $ 689,000 | $ 344,500 | $ 123,000 |
| Pinellas, Florida | 2 | $ 510,000 | $ 255,000 | $ 193,000 |
| Volusia, Florida | 2 | $ 232,000 | $ 116,000 | $ 150,000 |
| Lake, Illinois | 2 | $ 651,000 | $ 325,500 | $ 94,000 |
| Anne Arundel, Maryland | 2 | $ 926,000 | $ 463,000 | $ 107,000 |
| Salem, New Jersey | 2 | $ 374,000 | $ 187,000 | $ 96,000 |
| Niagara, New York | 2 | $ 105,000 | $ 52,500 | $ 55,000 |
| Butler, Pennsylvania | 2 | $ 358,000 | $ 179,000 | $ 177,000 |
| Schuylkill, Pennsylvania | 2 | $ 384,000 | $ 192,000 | $ 83,000 |
| Maricopa, Arizona | 1 | $ 214,000 | $ 214,000 | $ 85,000 |
| Contra Costa, California | 1 | $ 624,000 | $ 624,000 | $ 125,000 |
| Sacramento, California | 1 | $ 211,000 | $ 211,000 | $ 113,000 |
| San Bernardino, California | 1 | $ 64,000 | $ 64,000 | $ 88,000 |
| Santa Clara, California | 1 | $ 291,000 | $ 291,000 | $ 90,000 |
| Sonoma, California | 1 | $ 408,000 | $ 408,000 | $ 114,000 |
| Stanislaus, California | 1 | $ 83,000 | $ 83,000 | $ 17,000 |
| Tulare, California | 1 | $ 150,000 | $ 150,000 | $ 54,000 |
| Yolo, California | 1 | $ 225,000 | $ 225,000 | $ 246,000 |
| Teller, Colorado | 1 | $ 30,000 | $ 30,000 | $ 73,000 |
| Sussex, Delaware | 1 | $ 87,000 | $ 87,000 | $ 57,000 |
| Baker, Florida | 1 | $ 125,000 | $ 125,000 | $ 0 |
| Charlotte, Florida | 1 | $ 300,000 | $ 300,000 | $ 405,000 |
| Flagler, Florida | 1 | $ 128,000 | $ 128,000 | $ 137,000 |
| Indian River, Florida | 1 | $ 132,000 | $ 132,000 | $ 66,000 |
| Lee, Florida | 1 | $ 175,000 | $ 175,000 | $ 120,000 |
| Martin, Florida | 1 | $ 256,000 | $ 256,000 | $ 89,000 |
| Okaloosa, Florida | 1 | $ 105,000 | $ 105,000 | $ 73,000 |
| Sarasota, Florida | 1 | $ 116,000 | $ 116,000 | $ 149,000 |
| Seminole, Florida | 1 | $ 322,000 | $ 322,000 | $ 146,000 |
| St. Johns, Florida | 1 | $ 230,000 | $ 230,000 | $ 178,000 |
| St. Lucie, Florida | 1 | $ 142,000 | $ 142,000 | $ 37,000 |
| Forsyth, Georgia | 1 | $ 153,000 | $ 153,000 | $ 118,000 |
| DuPage, Illinois | 1 | $ 327,000 | $ 327,000 | $ 168,000 |
| St. Clair, Illinois | 1 | $ 170,000 | $ 170,000 | $ 79,000 |
| Will, Illinois | 1 | $ 207,000 | $ 207,000 | $ 168,000 |
| Baltimore, Maryland | 1 | $ 140,000 | $ 140,000 | $ 41,000 |
| Caroline, Maryland | 1 | $ 172,000 | $ 172,000 | $ 78,000 |
| Carroll, Maryland | 1 | $ 120,000 | $ 120,000 | $ 81,000 |
| Benzie, Michigan | 1 | $ 213,000 | $ 213,000 | $ 197,000 |
| San Juan, New Mexico | 1 | $ 416,000 | $ 416,000 | $ 210,000 |
| Taos, New Mexico | 1 | $ 370,000 | $ 370,000 | $ 163,000 |
| Albany, New York | 1 | $ 151,000 | $ 151,000 | $ 56,000 |
| Chautauqua, New York | 1 | $ 202,000 | $ 202,000 | $ 88,000 |
| Columbia, New York | 1 | $ 172,000 | $ 172,000 | $ 61,000 |
| Cortland, New York | 1 | $ 90,000 | $ 90,000 | $ 36,000 |
| Franklin, New York | 1 | $ 82,000 | $ 82,000 | $ 31,000 |
| Fulton, New York | 1 | $ 193,000 | $ 193,000 | $ 43,000 |
| Herkimer, New York | 1 | $ 115,000 | $ 115,000 | $ 97,000 |
| Monroe, New York | 1 | $ 82,000 | $ 82,000 | $ 36,000 |
| Montgomery, New York | 1 | $ 107,000 | $ 107,000 | $ 80,000 |
| Ontario, New York | 1 | $ 269,000 | $ 269,000 | $ 129,000 |
| Orleans, New York | 1 | $ 54,000 | $ 54,000 | $ 20,000 |
| Otsego, New York | 1 | $ 148,000 | $ 148,000 | $ 144,000 |
| Schenectady, New York | 1 | $ 95,000 | $ 95,000 | $ 53,000 |
| Schoharie, New York | 1 | $ 95,000 | $ 95,000 | $ 48,000 |
| Seneca, New York | 1 | $ 74,000 | $ 74,000 | $ 62,000 |
| Steuben, New York | 1 | $ 176,000 | $ 176,000 | $ 53,000 |
| Tioga, New York | 1 | $ 79,000 | $ 79,000 | $ 24,000 |
| New Hanover, North Carolina | 1 | $ 108,000 | $ 108,000 | $ 54,000 |
| Orange, North Carolina | 1 | $ 326,000 | $ 326,000 | $ 46,000 |
| Pitt, North Carolina | 1 | $ 175,000 | $ 175,000 | $ 178,000 |
| Centre, Pennsylvania | 1 | $ 205,000 | $ 205,000 | $ 75,000 |
| Jefferson, Pennsylvania | 1 | $ 142,000 | $ 142,000 | $ 53,000 |
| Lebanon, Pennsylvania | 1 | $ 109,000 | $ 109,000 | $ 67,000 |
| Snyder, Pennsylvania | 1 | $ 182,000 | $ 182,000 | $ 61,000 |
| Washington, Pennsylvania | 1 | $ 265,000 | $ 265,000 | $ 52,000 |
| Montgomery, Texas | 1 | $ 196,000 | $ 196,000 | $ 0 |
| Tarrant, Texas | 1 | $ 200,000 | $ 200,000 | $ 90,000 |
Mortgage Loan Application Detail Totals for Residential Home Funding Corp. in 2011
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 | 2,232 | $591,287,000 | $264,000 | $1,000,000 | $97,000 | $1,476,000 |
| Refinancing | 1,976 | $596,271,000 | $301,000 | $1,800,000 | $130,000 | $1,824,000 |
| 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 |
|---|---|---|---|---|---|---|
| White | 2,594 | $752,939,000 | $290,000 | $1,600,000 | $125,000 | $1,476,000 |
| Hispanic | 592 | $147,643,000 | $249,000 | $680,000 | $78,000 | $345,000 |
| Not Provided | 432 | $122,793,000 | $284,000 | $1,800,000 | $108,000 | $981,000 |
| Black or African American | 388 | $103,069,000 | $265,000 | $1,000,000 | $89,000 | $1,824,000 |
| Asian | 184 | $56,935,000 | $309,000 | $670,000 | $108,000 | $444,000 |
| American Indian or Alaskan Native | 9 | $1,739,000 | $193,000 | $421,000 | $63,000 | $130,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $1,606,000 | $267,000 | $412,000 | $78,000 | $142,000 |
| Not applicable | 3 | $834,000 | $278,000 | $421,000 | $111,000 | $151,000 |
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) | 2,096 | $610,142,000 | $291,000 | $1,800,000 | $141,000 | $1,824,000 |
| FHA-insured (Federal Housing Administration) | 2,001 | $549,381,000 | $274,000 | $1,092,000 | $84,000 | $1,000,000 |
| VA-guaranteed (Veterans Administration) | 59 | $17,937,000 | $304,000 | $651,000 | $96,000 | $204,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 52 | $10,098,000 | $194,000 | $470,000 | $66,000 | $234,000 |
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 | 2,590 | $725,818,000 | $280,000 | $1,600,000 | $114,000 | $1,476,000 |
| Application Withdrawn By Applicant | 1,117 | $325,806,000 | $291,000 | $1,800,000 | $114,000 | $1,316,000 |
| Application Denied By Financial Institution | 478 | $129,424,000 | $270,000 | $1,092,000 | $98,000 | $1,824,000 |
| Application Approved But Not Accepted | 21 | $5,671,000 | $270,000 | $534,000 | $110,000 | $345,000 |
| File Closed For Incompleteness | 2 | $839,000 | $419,000 | $422,000 | $133,000 | $176,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 119 | $32,875,000 | $276,000 | $1,000,000 | $84,000 | $692,000 |
| Collateral | 80 | $20,831,000 | $260,000 | $787,000 | $91,000 | $295,000 |
| Credit History | 66 | $16,682,000 | $252,000 | $932,000 | $82,000 | $510,000 |
| Other | 56 | $17,574,000 | $313,000 | $1,092,000 | $123,000 | $675,000 |
| Unverifiable Information | 21 | $6,571,000 | $312,000 | $1,055,000 | $95,000 | $320,000 |
| Employment History | 15 | $3,757,000 | $250,000 | $626,000 | $76,000 | $223,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 11 | $3,341,000 | $303,000 | $656,000 | $90,000 | $153,000 |
| Credit Application Incomplete | 8 | $1,885,000 | $235,000 | $400,000 | $141,000 | $331,000 |
| Mortgage Insurance Denied | 2 | $492,000 | $246,000 | $352,000 | $158,000 | $280,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Residential Home Funding Corp.'s 2011 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 Home Funding Corp.'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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