Residential Home Funding Corp. Mortgage Lending & HMDA Data, 2014

In 2014, Residential Home Funding Corp. of White Plains, NY reported 3,136 mortgage applications totaling $821.3 million, down 29% from 2013. The average application was for $261,902, and applicants reported an average income of $109,469. 63% of its applications resulted in an originated loan and 9% were denied. Its largest markets were New York-Jersey City-White Plains, NY-NJ (1,164), Newark, NJ-PA (688) and Nassau County-Suffolk County, NY (309) (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
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Total Number of Mortgage Applications 3,136
Total Mortgage Loan Application Amount $821,327,000
Average Mortgage Loan Application Amount $261,902
Highest Mortgage Loan Application Amount $2,100,000
Average Applicant Income $109,469
Highest Applicant Income $7,176,000

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 filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for Residential Home Funding Corp. by County in 2014

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 266 $ 78,552,000 $ 295,308 $ 130,000
Sussex, New Jersey 194 $ 40,673,000 $ 209,654 $ 90,000
Suffolk, New York 156 $ 40,560,000 $ 260,000 $ 99,000
Nassau, New York 153 $ 52,694,000 $ 344,405 $ 141,000
Queens, New York 151 $ 52,089,000 $ 344,960 $ 109,000
Bergen, New Jersey 142 $ 47,328,000 $ 333,295 $ 140,000
Westchester, New York 131 $ 42,949,000 $ 327,854 $ 138,000
Bronx, New York 127 $ 44,702,000 $ 351,984 $ 96,000
Essex, New Jersey 109 $ 25,074,000 $ 230,036 $ 93,000
Passaic, New Jersey 106 $ 27,080,000 $ 255,471 $ 102,000
Allegheny, Pennsylvania 95 $ 14,328,000 $ 150,821 $ 85,000
Monmouth, New Jersey 87 $ 24,682,000 $ 283,701 $ 123,000
Warren, New Jersey 87 $ 19,066,000 $ 219,149 $ 98,000
Ocean, New Jersey 86 $ 19,090,000 $ 221,976 $ 109,000
Kings, New York 85 $ 38,213,000 $ 449,564 $ 119,000
Orange, New York 83 $ 17,315,000 $ 208,614 $ 94,000
Hudson, New Jersey 74 $ 19,678,000 $ 265,918 $ 114,000
Union, New Jersey 57 $ 16,001,000 $ 280,719 $ 110,000
Dutchess, New York 57 $ 10,910,000 $ 191,403 $ 83,000
Middlesex, New Jersey 52 $ 14,805,000 $ 284,711 $ 124,000
Lehigh, Pennsylvania 35 $ 7,269,000 $ 207,685 $ 103,000
Monroe, Pennsylvania 35 $ 5,077,000 $ 145,057 $ 109,000
Burlington, New Jersey 30 $ 7,029,000 $ 234,300 $ 95,000
Camden, New Jersey 27 $ 4,088,000 $ 151,407 $ 62,000
Putnam, New York 25 $ 6,462,000 $ 258,480 $ 103,000
Fairfield, Connecticut 24 $ 8,633,000 $ 359,708 $ 156,000
Somerset, New Jersey 24 $ 8,850,000 $ 368,750 $ 143,000
Hunterdon, New Jersey 23 $ 7,152,000 $ 310,956 $ 112,000
Mercer, New Jersey 22 $ 4,488,000 $ 204,000 $ 90,000
Northampton, Pennsylvania 22 $ 4,580,000 $ 208,181 $ 80,000
Gloucester, New Jersey 21 $ 4,498,000 $ 214,190 $ 97,000
Hartford, Connecticut 20 $ 3,950,000 $ 197,500 $ 89,000
Ulster, New York 18 $ 4,442,000 $ 246,777 $ 117,000
Atlantic, New Jersey 17 $ 3,071,000 $ 180,647 $ 86,000
Philadelphia, Pennsylvania 17 $ 3,009,000 $ 177,000 $ 71,000
Richmond, New York 15 $ 4,401,000 $ 293,400 $ 75,000
Bucks, Pennsylvania 15 $ 3,213,000 $ 214,200 $ 65,000
Pike, Pennsylvania 15 $ 2,346,000 $ 156,400 $ 84,000
Rockland, New York 14 $ 3,813,000 $ 272,357 $ 118,000
Baltimore City, Maryland 13 $ 1,625,000 $ 125,000 $ 45,000
Chester, Pennsylvania 13 $ 3,265,000 $ 251,153 $ 94,000
Montgomery, Pennsylvania 13 $ 2,596,000 $ 199,692 $ 99,000
Broward, Florida 12 $ 2,489,000 $ 207,416 $ 86,000
Lee, Florida 11 $ 2,395,000 $ 217,727 $ 134,000
Cape May, New Jersey 11 $ 3,226,000 $ 293,272 $ 231,000
New York, New York 11 $ 6,121,000 $ 556,454 $ 251,000
Delaware, Pennsylvania 10 $ 1,300,000 $ 130,000 $ 61,000
Salem, New Jersey 9 $ 1,294,000 $ 143,777 $ 67,000
Berks, Pennsylvania 9 $ 1,306,000 $ 145,111 $ 80,000
New Haven, Connecticut 8 $ 1,638,000 $ 204,750 $ 98,000
Sullivan, New York 8 $ 1,138,000 $ 142,250 $ 93,000
Miami-Dade, Florida 7 $ 1,219,000 $ 174,142 $ 88,000
Palm Beach, Florida 7 $ 1,232,000 $ 176,000 $ 122,000
Baltimore, Maryland 7 $ 1,974,000 $ 282,000 $ 102,000
Beaver, Pennsylvania 7 $ 809,000 $ 115,571 $ 53,000
Butler, Pennsylvania 7 $ 1,546,000 $ 220,857 $ 97,000
Carbon, Pennsylvania 6 $ 1,542,000 $ 257,000 $ 1,247,000
Westmoreland, Pennsylvania 6 $ 1,001,000 $ 166,833 $ 77,000
Litchfield, Connecticut 5 $ 1,004,000 $ 200,800 $ 74,000
Hillsborough, Florida 5 $ 619,000 $ 123,800 $ 55,000
Pasco, Florida 5 $ 529,000 $ 105,800 $ 46,000
Pinellas, Florida 5 $ 719,000 $ 143,800 $ 70,000
St. Johns, Florida 5 $ 938,000 $ 187,600 $ 78,000
Prince George's, Maryland 5 $ 1,372,000 $ 274,400 $ 91,000
Cumberland, New Jersey 5 $ 609,000 $ 121,800 $ 94,000
Wake, North Carolina 5 $ 1,095,000 $ 219,000 $ 113,000
Lancaster, Pennsylvania 5 $ 931,000 $ 186,200 $ 63,000
Horry, South Carolina 5 $ 1,028,000 $ 205,600 $ 117,000
Leon, Florida 4 $ 616,000 $ 154,000 $ 75,000
Orange, Florida 4 $ 505,000 $ 126,250 $ 106,000
Monroe, New York 4 $ 525,000 $ 131,250 $ 78,000
Saratoga, New York 4 $ 887,000 $ 221,750 $ 61,000
Schenectady, New York 4 $ 573,000 $ 143,250 $ 61,000
Washington, New York 4 $ 630,000 $ 157,500 $ 57,000
Huntingdon, Pennsylvania 4 $ 481,000 $ 120,250 $ 51,000
Luzerne, Pennsylvania 4 $ 602,000 $ 150,500 $ 57,000
Washington, Pennsylvania 4 $ 366,000 $ 91,500 $ 49,000
Middlesex, Connecticut 3 $ 2,079,000 $ 693,000 $ 198,000
Collier, Florida 3 $ 560,000 $ 186,666 $ 101,000
Anne Arundel, Maryland 3 $ 677,000 $ 225,666 $ 83,000
Montgomery, Maryland 3 $ 735,000 $ 245,000 $ 126,000
Columbia, New York 3 $ 426,000 $ 142,000 $ 61,000
Greene, New York 3 $ 749,000 $ 249,666 $ 132,000
Montgomery, New York 3 $ 316,000 $ 105,333 $ 63,000
Niagara, New York 3 $ 379,000 $ 126,333 $ 64,000
Onondaga, New York 3 $ 468,000 $ 156,000 $ 98,000
Rensselaer, New York 3 $ 368,000 $ 122,666 $ 50,000
Schoharie, New York 3 $ 329,000 $ 109,666 $ 55,000
Warren, New York 3 $ 789,000 $ 263,000 $ 130,000
Guilford, North Carolina 3 $ 256,000 $ 85,333 $ 44,000
Erie, Pennsylvania 3 $ 543,000 $ 181,000 $ 83,000
Lackawanna, Pennsylvania 3 $ 429,000 $ 143,000 $ 135,000
Lawrence, Pennsylvania 3 $ 314,000 $ 104,666 $ 43,000
York, Pennsylvania 3 $ 706,000 $ 235,333 $ 85,000
Frederick, Virginia 3 $ 488,000 $ 162,666 $ 128,000
New London, Connecticut 2 $ 522,000 $ 261,000 $ 305,000
New Castle, Delaware 2 $ 387,000 $ 193,500 $ 92,000
Brevard, Florida 2 $ 266,000 $ 133,000 $ 73,000
Duval, Florida 2 $ 219,000 $ 109,500 $ 60,000
Flagler, Florida 2 $ 370,000 $ 185,000 $ 65,000
Lake, Florida 2 $ 422,000 $ 211,000 $ 81,000
Monroe, Florida 2 $ 480,000 $ 240,000 $ 48,000
Polk, Florida 2 $ 281,000 $ 140,500 $ 81,000
Gwinnett, Georgia 2 $ 486,000 $ 243,000 $ 110,000
Erie, New York 2 $ 280,000 $ 140,000 $ 61,000
Herkimer, New York 2 $ 223,000 $ 111,500 $ 46,000
St. Lawrence, New York 2 $ 178,000 $ 89,000 $ 53,000
Forsyth, North Carolina 2 $ 195,000 $ 97,500 $ 44,000
Cumberland, Pennsylvania 2 $ 342,000 $ 171,000 $ 47,000
Franklin, Pennsylvania 2 $ 311,000 $ 155,500 $ 45,000
Lycoming, Pennsylvania 2 $ 232,000 $ 116,000 $ 38,000
Perry, Pennsylvania 2 $ 178,000 $ 89,000 $ 72,000
Schuylkill, Pennsylvania 2 $ 431,000 $ 215,500 $ 141,000
Somerset, Pennsylvania 2 $ 464,000 $ 232,000 $ 157,000
Tioga, Pennsylvania 2 $ 240,000 $ 120,000 $ 38,000
Wayne, Pennsylvania 2 $ 225,000 $ 112,500 $ 102,000
Chesterfield, Virginia 2 $ 491,000 $ 245,500 $ 59,000
Kent, Delaware 1 $ 117,000 $ 117,000 $ 34,000
Sussex, Delaware 1 $ 109,000 $ 109,000 $ 82,000
District of Columbia, District Of Columbia 1 $ 167,000 $ 167,000 $ 58,000
Citrus, Florida 1 $ 75,000 $ 75,000 $ 62,000
Escambia, Florida 1 $ 108,000 $ 108,000 $ 44,000
Indian River, Florida 1 $ 168,000 $ 168,000 $ 47,000
Manatee, Florida 1 $ 185,000 $ 185,000 $ 62,000
Martin, Florida 1 $ 200,000 $ 200,000 $ 113,000
Sarasota, Florida 1 $ 103,000 $ 103,000 $ 191,000
Seminole, Florida 1 $ 141,000 $ 141,000 $ 64,000
St. Lucie, Florida 1 $ 181,000 $ 181,000 $ 77,000
Union, Florida 1 $ 150,000 $ 150,000 $ 28,000
Fulton, Georgia 1 $ 266,000 $ 266,000 $ 74,000
Cecil, Maryland 1 $ 301,000 $ 301,000 $ 81,000
Charles, Maryland 1 $ 91,000 $ 91,000 $ 38,000
Howard, Maryland 1 $ 405,000 $ 405,000 $ 151,000
Worcester, Maryland 1 $ 320,000 $ 320,000 $ 232,000
Albany, New York 1 $ 144,000 $ 144,000 $ 62,000
Broome, New York 1 $ 79,000 $ 79,000 $ 31,000
Cayuga, New York 1 $ 82,000 $ 82,000 $ 29,000
Chautauqua, New York 1 $ 94,000 $ 94,000 $ 56,000
Delaware, New York 1 $ 216,000 $ 216,000 $ 134,000
Essex, New York 1 $ 116,000 $ 116,000 $ 39,000
Genesee, New York 1 $ 77,000 $ 77,000 $ 60,000
Jefferson, New York 1 $ 259,000 $ 259,000 $ 125,000
Livingston, New York 1 $ 138,000 $ 138,000 $ 45,000
Oneida, New York 1 $ 56,000 $ 56,000 $ 105,000
Ontario, New York 1 $ 183,000 $ 183,000 $ 67,000
Oswego, New York 1 $ 135,000 $ 135,000 $ 66,000
Wayne, New York 1 $ 82,000 $ 82,000 $ 29,000
Alamance, North Carolina 1 $ 89,000 $ 89,000 $ 66,000
Bertie, North Carolina 1 $ 135,000 $ 135,000 $ 78,000
Brunswick, North Carolina 1 $ 410,000 $ 410,000 $ 87,000
Buncombe, North Carolina 1 $ 248,000 $ 248,000 $ 571,000
Caswell, North Carolina 1 $ 126,000 $ 126,000 $ 48,000
Harnett, North Carolina 1 $ 84,000 $ 84,000 $ 63,000
Onslow, North Carolina 1 $ 110,000 $ 110,000 $ 88,000
Person, North Carolina 1 $ 216,000 $ 216,000 $ 185,000
Wayne, North Carolina 1 $ 100,000 $ 100,000 $ 44,000
Bradford, Pennsylvania 1 $ 82,000 $ 82,000 $ 28,000
Centre, Pennsylvania 1 $ 115,000 $ 115,000 $ 159,000
Columbia, Pennsylvania 1 $ 72,000 $ 72,000 $ 52,000
Crawford, Pennsylvania 1 $ 89,000 $ 89,000 $ 30,000
Dauphin, Pennsylvania 1 $ 176,000 $ 176,000 $ 64,000
Fayette, Pennsylvania 1 $ 156,000 $ 156,000 $ 31,000
Indiana, Pennsylvania 1 $ 216,000 $ 216,000 $ 101,000
Potter, Pennsylvania 1 $ 196,000 $ 196,000 $ 32,000
Warren, Pennsylvania 1 $ 75,000 $ 75,000 $ 49,000
Wyoming, Pennsylvania 1 $ 119,000 $ 119,000 $ 66,000
Chesterfield, South Carolina 1 $ 270,000 $ 270,000 $ 41,000
York, South Carolina 1 $ 119,000 $ 119,000 $ 154,000
Fairfax, Virginia 1 $ 274,000 $ 274,000 $ 123,000
Harrisonburg, Virginia 1 $ 100,000 $ 100,000 $ 81,000
Lynchburg, Virginia 1 $ 102,000 $ 102,000 $ 41,000
Newport News, Virginia 1 $ 226,000 $ 226,000 $ 48,000
Pittsylvania, Virginia 1 $ 167,000 $ 167,000 $ 60,000
Prince William, Virginia 1 $ 203,000 $ 203,000 $ 146,000
Roanoke City, Virginia 1 $ 108,000 $ 108,000 $ 40,000
Spotsylvania, Virginia 1 $ 285,000 $ 285,000 $ 93,000
Washington, Virginia 1 $ 172,000 $ 172,000 $ 150,000

Mortgage Loan Application Detail Totals for Residential Home Funding Corp. in 2014

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 2,299 $596,733,000 $259,000 $1,500,000 $106,000 $7,176,000
Refinancing 837 $224,594,000 $268,000 $2,100,000 $119,000 $1,462,000
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 2,082 $537,383,000 $258,000 $2,100,000 $118,000 $7,176,000
Hispanic 430 $117,106,000 $272,000 $780,000 $89,000 $323,000
Black or African American 322 $82,106,000 $254,000 $918,000 $83,000 $278,000
Not Provided 174 $44,136,000 $253,000 $1,018,000 $105,000 $508,000
Asian 117 $38,525,000 $329,000 $990,000 $130,000 $1,246,000
Native Hawaiian or Other Pacific Islander 8 $1,558,000 $194,000 $309,000 $86,000 $238,000
American Indian or Alaskan Native 3 $513,000 $171,000 $241,000 $57,000 $74,000
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) 1,904 $515,687,000 $270,000 $2,100,000 $126,000 $7,176,000
FHA-insured (Federal Housing Administration) 1,050 $266,764,000 $254,000 $1,018,000 $85,000 $412,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 109 $18,627,000 $170,000 $301,000 $64,000 $107,000
VA-guaranteed (Veterans Administration) 73 $20,249,000 $277,000 $745,000 $97,000 $291,000

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 1,961 $505,610,000 $257,000 $1,200,000 $111,000 $7,176,000
Application Withdrawn By Applicant 787 $219,610,000 $279,000 $2,100,000 $116,000 $1,462,000
Application Denied By Financial Institution 272 $67,422,000 $247,000 $930,000 $88,000 $491,000
Application Approved But Not Accepted 103 $23,861,000 $231,000 $720,000 $101,000 $539,000
File Closed For Incompleteness 13 $4,824,000 $371,000 $760,000 $123,000 $335,000
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 87 $23,366,000 $268,000 $930,000 $76,000 $419,000
Credit History 58 $13,002,000 $224,000 $525,000 $84,000 $416,000
Collateral 40 $7,867,000 $196,000 $562,000 $90,000 $419,000
Other 24 $7,179,000 $299,000 $594,000 $114,000 $336,000
Employment History 13 $2,978,000 $229,000 $468,000 $87,000 $198,000
Insufficient Cash (Downpayment, Closing Cost) 11 $2,104,000 $191,000 $340,000 $101,000 $260,000
Unverifiable Information 5 $1,429,000 $285,000 $393,000 $68,000 $98,000
Credit Application Incomplete 1 $123,000 $123,000 $123,000 $75,000 $75,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Residential Home Funding Corp.'s 2014 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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