Residential Loan Centers Mortgage Lending & HMDA Data, 2007
In 2007, Residential Loan Centers of Des Plaines, IL reported 4,017 mortgage applications totaling $678.0 million, up 2% from 2006. The average application was for $168,777, and applicants reported an average income of $79,697. 72% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Chicago-Naperville-Joliet, IL (1,053), Memphis, TN-MS-AR (276) and Nashville-Davidson--Murfreesboro--Franklin, TN (264) (applications in parentheses).
| Mortgage Company & Address | Residential Loan Centers 2350 E. Devon Avenue Suite 300 Des Plaines, IL 60018 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 4,017 |
| Total Mortgage Loan Application Amount | $677,980,000 |
| Average Mortgage Loan Application Amount | $168,777 |
| Highest Mortgage Loan Application Amount | $2,850,000 |
| Average Applicant Income | $79,697 |
| Highest Applicant Income | $3,000,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Residential Loan Centers filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Chicago-Naperville-Joliet, IL | 1,053 | $ 223,369,000 | $ 212,126 | $ 97,000 |
| Memphis, TN-MS-AR | 276 | $ 41,805,000 | $ 151,467 | $ 102,949 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 264 | $ 37,703,000 | $ 142,814 | $ 59,000 |
| Lake County-Kenosha County, IL-WI | 256 | $ 74,738,000 | $ 291,945 | $ 137,570 |
| Columbus, OH | 180 | $ 23,273,000 | $ 129,294 | $ 67,000 |
| Toledo, OH | 167 | $ 14,962,000 | $ 89,592 | $ 49,000 |
| Milwaukee-Waukesha-West Allis, WI | 156 | $ 20,802,000 | $ 133,346 | $ 55,000 |
| St. Louis, MO-IL | 117 | $ 15,325,000 | $ 130,982 | $ 54,478 |
| Racine, WI | 80 | $ 10,063,000 | $ 125,787 | $ 55,000 |
| Warren-Troy-Farmington Hills, MI | 75 | $ 9,889,000 | $ 131,853 | $ 59,000 |
| Tampa-St. Petersburg-Clearwater, FL | 73 | $ 12,158,000 | $ 166,547 | $ 62,000 |
| Detroit-Livonia-Dearborn, MI | 65 | $ 7,610,000 | $ 117,076 | $ 66,000 |
| Gary, IN | 62 | $ 8,209,000 | $ 132,403 | $ 55,000 |
| Kansas City, MO-KS | 54 | $ 7,883,000 | $ 145,981 | $ 92,444 |
| Indianapolis-Carmel, IN | 51 | $ 6,501,000 | $ 127,470 | $ 60,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 44 | $ 7,593,000 | $ 172,568 | $ 63,636 |
| Cleveland-Elyria-Mentor, OH | 33 | $ 3,601,000 | $ 109,121 | $ 46,000 |
| Cincinnati-Middletown, OH-KY-IN | 32 | $ 4,083,000 | $ 127,593 | $ 58,000 |
| Jacksonville, FL | 27 | $ 4,659,000 | $ 172,555 | $ 56,000 |
| Miami-Miami Beach-Kendall, FL | 27 | $ 5,675,000 | $ 210,185 | $ 76,000 |
| Orlando-Kissimmee, FL | 24 | $ 5,333,000 | $ 222,208 | $ 100,000 |
| Madison, WI | 21 | $ 4,089,000 | $ 194,714 | $ 97,000 |
| Sarasota-Bradenton-Venice, FL | 21 | $ 4,687,000 | $ 223,190 | $ 71,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 19 | $ 3,423,000 | $ 180,157 | $ 88,000 |
| Denver-Aurora, CO | 18 | $ 3,545,000 | $ 196,944 | $ 68,000 |
| Rockford, IL | 18 | $ 2,555,000 | $ 141,944 | $ 58,000 |
| Cape Coral-Fort Myers, FL | 17 | $ 2,304,000 | $ 135,529 | $ 42,000 |
| Grand Rapids-Wyoming, MI | 16 | $ 1,963,000 | $ 122,687 | $ 48,000 |
| Knoxville, TN | 16 | $ 2,023,000 | $ 126,437 | $ 54,000 |
| Flint, MI | 15 | $ 1,594,000 | $ 106,266 | $ 87,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 15 | $ 3,526,000 | $ 235,066 | $ 82,000 |
| Elkhart-Goshen, IN | 14 | $ 1,650,000 | $ 117,857 | $ 49,000 |
| Kalamazoo-Portage, MI | 14 | $ 1,923,000 | $ 137,357 | $ 66,000 |
| Springfield, MO | 14 | $ 1,375,000 | $ 98,214 | $ 46,000 |
| Clarksville, TN-KY | 13 | $ 1,552,000 | $ 119,384 | $ 46,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 13 | $ 2,029,000 | $ 156,076 | $ 56,000 |
| Kankakee-Bradley, IL | 13 | $ 2,152,000 | $ 165,538 | $ 66,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 12 | $ 3,471,000 | $ 289,250 | $ 93,000 |
| Akron, OH | 11 | $ 1,195,000 | $ 108,636 | $ 51,000 |
| Champaign-Urbana, IL | 11 | $ 1,646,000 | $ 149,636 | $ 78,000 |
| Chattanooga, TN-GA | 11 | $ 1,375,000 | $ 125,000 | $ 46,000 |
| Port St. Lucie, FL | 11 | $ 2,162,000 | $ 196,545 | $ 66,000 |
| Birmingham-Hoover, AL | 10 | $ 807,000 | $ 80,700 | $ 63,000 |
| Dayton, OH | 10 | $ 1,147,000 | $ 114,700 | $ 54,000 |
| Green Bay, WI | 10 | $ 1,308,000 | $ 130,800 | $ 49,000 |
| Peoria, IL | 10 | $ 1,010,000 | $ 101,000 | $ 60,000 |
| Riverside-San Bernardino-Ontario, CA | 10 | $ 2,059,000 | $ 205,900 | $ 91,000 |
| Fort Wayne, IN | 9 | $ 976,000 | $ 108,444 | $ 50,000 |
| Niles-Benton Harbor, MI | 9 | $ 1,091,000 | $ 121,222 | $ 58,000 |
| Youngstown-Warren-Boardman, OH-PA | 9 | $ 889,000 | $ 98,777 | $ 46,000 |
| Ann Arbor, MI | 8 | $ 769,000 | $ 96,125 | $ 60,000 |
| Evansville, IN-KY | 7 | $ 1,002,000 | $ 143,142 | $ 73,000 |
| Lansing-East Lansing, MI | 7 | $ 953,000 | $ 136,142 | $ 61,000 |
| Morristown, TN | 7 | $ 737,000 | $ 105,285 | $ 56,000 |
| Wichita, KS | 7 | $ 894,000 | $ 127,714 | $ 65,000 |
| Canton-Massillon, OH | 6 | $ 627,000 | $ 104,500 | $ 64,000 |
| Gainesville, FL | 6 | $ 737,000 | $ 122,833 | $ 44,000 |
| Jackson, MS | 6 | $ 840,000 | $ 140,000 | $ 69,000 |
| Lakeland, FL | 6 | $ 907,000 | $ 151,166 | $ 62,000 |
| Tallahassee, FL | 6 | $ 1,155,000 | $ 192,500 | $ 75,000 |
| Topeka, KS | 6 | $ 443,000 | $ 73,833 | $ 52,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 6 | $ 882,000 | $ 147,000 | $ 50,000 |
| Baltimore-Towson, MD | 5 | $ 983,000 | $ 196,600 | $ 67,000 |
| Battle Creek, MI | 5 | $ 616,000 | $ 123,200 | $ 48,000 |
| Davenport-Moline-Rock Island, IA-IL | 5 | $ 395,000 | $ 79,000 | $ 29,000 |
| Los Angeles-Long Beach-Glendale, CA | 5 | $ 1,508,000 | $ 301,600 | $ 69,000 |
| Monroe, MI | 5 | $ 839,000 | $ 167,800 | $ 43,000 |
| Punta Gorda, FL | 5 | $ 648,000 | $ 129,600 | $ 33,000 |
| Bloomington-Normal, IL | 4 | $ 477,000 | $ 119,250 | $ 71,000 |
| Kingsport-Bristol-Bristol, TN-VA | 4 | $ 374,000 | $ 93,500 | $ 50,000 |
| Lima, OH | 4 | $ 433,000 | $ 108,250 | $ 23,000 |
| Michigan City-La Porte, IN | 4 | $ 540,000 | $ 135,000 | $ 75,000 |
| San Diego-Carlsbad-San Marcos, CA | 4 | $ 1,447,000 | $ 361,750 | $ 151,000 |
| Sandusky, OH | 4 | $ 1,071,000 | $ 267,750 | $ 219,000 |
| Sheboygan, WI | 4 | $ 629,000 | $ 157,250 | $ 64,000 |
| Springfield, OH | 4 | $ 453,000 | $ 113,250 | $ 41,000 |
| Anderson, IN | 3 | $ 352,000 | $ 117,333 | $ 38,000 |
| Colorado Springs, CO | 3 | $ 466,000 | $ 155,333 | $ 49,000 |
| Fond Du Lac, WI | 3 | $ 339,000 | $ 113,000 | $ 56,000 |
| Greeley, CO | 3 | $ 480,000 | $ 160,000 | $ 63,000 |
| Jackson, TN | 3 | $ 347,000 | $ 115,666 | $ 90,000 |
| Lafayette, IN | 3 | $ 310,000 | $ 103,333 | $ 47,000 |
| Little Rock-North Little Rock-Conway, AR | 3 | $ 493,000 | $ 164,333 | $ 138,000 |
| Naples-Marco Island, FL | 3 | $ 317,000 | $ 105,666 | $ 83,000 |
| Oakland-Fremont-Hayward, CA | 3 | $ 2,824,000 | $ 941,333 | $ 65,000 |
| Palm Coast, FL | 3 | $ 664,000 | $ 221,333 | $ 57,000 |
| Pascagoula, MS | 3 | $ 495,000 | $ 165,000 | $ 97,000 |
| Richmond, VA | 3 | $ 642,000 | $ 214,000 | $ 76,000 |
| South Bend-Mishawaka, IN-MI | 3 | $ 303,000 | $ 101,000 | $ 69,000 |
| Springfield, IL | 3 | $ 427,000 | $ 142,333 | $ 72,000 |
| Bay City, MI | 2 | $ 173,000 | $ 86,500 | $ 50,000 |
| Danville, IL | 2 | $ 143,000 | $ 71,500 | $ 79,000 |
| Fort Collins-Loveland, CO | 2 | $ 306,000 | $ 153,000 | $ 57,000 |
| Fresno, CA | 2 | $ 474,000 | $ 237,000 | $ 90,000 |
| Gulfport-Biloxi, MS | 2 | $ 218,000 | $ 109,000 | $ 38,000 |
| Janesville, WI | 2 | $ 314,000 | $ 157,000 | $ 63,000 |
| Jefferson City, MO | 2 | $ 236,000 | $ 118,000 | $ 38,000 |
| Johnson City, TN | 2 | $ 219,000 | $ 109,500 | $ 54,000 |
| Kokomo, IN | 2 | $ 300,000 | $ 150,000 | $ 90,000 |
| Louisville-Jefferson County, KY-IN | 2 | $ 490,000 | $ 245,000 | $ 57,000 |
| Ocala, FL | 2 | $ 212,000 | $ 106,000 | $ 22,000 |
| Pueblo, CO | 2 | $ 306,000 | $ 153,000 | $ 59,000 |
| Roanoke, VA | 2 | $ 192,000 | $ 96,000 | $ 33,000 |
| Salinas, CA | 2 | $ 608,000 | $ 304,000 | $ 0 |
| Santa Ana-Anaheim-Irvine, CA | 2 | $ 414,000 | $ 207,000 | $ 128,000 |
| Appleton, WI | 1 | $ 103,000 | $ 103,000 | $ 38,000 |
| Auburn-Opelika, AL | 1 | $ 135,000 | $ 135,000 | $ 43,000 |
| Bakersfield, CA | 1 | $ 255,000 | $ 255,000 | $ 77,000 |
| Blacksburg-Christiansburg-Radford, VA | 1 | $ 86,000 | $ 86,000 | $ 52,000 |
| Bloomington, IN | 1 | $ 192,000 | $ 192,000 | $ 0 |
| Boulder, CO | 1 | $ 759,000 | $ 759,000 | $ 240,000 |
| Columbia, MO | 1 | $ 68,000 | $ 68,000 | $ 36,000 |
| Columbus, IN | 1 | $ 138,000 | $ 138,000 | $ 52,000 |
| Decatur, IL | 1 | $ 56,000 | $ 56,000 | $ 41,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 1 | $ 161,000 | $ 161,000 | $ 50,000 |
| Florence-Muscle Shoals, AL | 1 | $ 161,000 | $ 161,000 | $ 37,000 |
| Fort Walton Beach-Crestview-Destin, FL | 1 | $ 135,000 | $ 135,000 | $ 37,000 |
| Hagerstown-Martinsburg, MD-WV | 1 | $ 140,000 | $ 140,000 | $ 50,000 |
| Holland-Grand Haven, MI | 1 | $ 98,000 | $ 98,000 | $ 43,000 |
| Jackson, MI | 1 | $ 60,000 | $ 60,000 | $ 24,000 |
| Joplin, MO | 1 | $ 79,000 | $ 79,000 | $ 24,000 |
| Mansfield, OH | 1 | $ 39,000 | $ 39,000 | $ 87,000 |
| Modesto, CA | 1 | $ 226,000 | $ 226,000 | $ 164,000 |
| Oshkosh-Neenah, WI | 1 | $ 100,000 | $ 100,000 | $ 61,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 107,000 | $ 107,000 | $ 27,000 |
| Panama City-Lynn Haven, FL | 1 | $ 306,000 | $ 306,000 | $ 408,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 179,000 | $ 179,000 | $ 91,000 |
| Rochester, MN | 1 | $ 112,000 | $ 112,000 | $ 27,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 1 | $ 378,000 | $ 378,000 | $ 0 |
| Saginaw-Saginaw Township North, MI | 1 | $ 95,000 | $ 95,000 | $ 32,000 |
| Stockton, CA | 1 | $ 240,000 | $ 240,000 | $ 0 |
Mortgage Loan Application Detail Totals for Residential Loan Centers in 2007
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 | 2,461 | $419,223,000 | $170,000 | $2,665,000 | $77,000 | $3,000,000 |
| Home Purchase | 1,554 | $258,256,000 | $166,000 | $2,850,000 | $84,000 | $1,860,000 |
| Home Improvement | 2 | $501,000 | $250,000 | $290,000 | $55,000 | $66,000 |
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 | 2,337 | $427,739,000 | $183,000 | $2,850,000 | $90,000 | $3,000,000 |
| Black or African American | 726 | $101,867,000 | $140,000 | $871,000 | $59,000 | $332,000 |
| Not Provided | 580 | $86,465,000 | $149,000 | $952,000 | $65,000 | $696,000 |
| Hispanic | 275 | $45,420,000 | $165,000 | $504,000 | $71,000 | $1,200,000 |
| Asian | 68 | $11,430,000 | $168,000 | $439,000 | $85,000 | $282,000 |
| American Indian or Alaskan Native | 20 | $2,808,000 | $140,000 | $417,000 | $121,000 | $620,000 |
| Native Hawaiian or Other Pacific Islander | 11 | $2,251,000 | $204,000 | $356,000 | $58,000 | $86,000 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 2,204 | $312,029,000 | $141,000 | $358,000 | $55,000 | $1,200,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 1,798 | $362,855,000 | $201,000 | $2,850,000 | $109,000 | $3,000,000 |
| VA-guaranteed (Veterans Administration) | 15 | $3,096,000 | $206,000 | $329,000 | $77,000 | $139,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 Originated | 2,880 | $494,637,000 | $171,000 | $2,850,000 | $83,000 | $1,860,000 |
| Application Withdrawn By Applicant | 883 | $140,272,000 | $158,000 | $2,665,000 | $68,000 | $3,000,000 |
| Application Denied By Financial Institution | 254 | $43,071,000 | $169,000 | $2,520,000 | $77,000 | $1,133,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 141 | $24,028,000 | $170,000 | $2,520,000 | $79,000 | $1,133,000 |
| Credit History | 37 | $6,365,000 | $172,000 | $650,000 | $60,000 | $160,000 |
| Other | 29 | $3,887,000 | $134,000 | $325,000 | $70,000 | $408,000 |
| Debt-To-Income Ratio | 25 | $5,319,000 | $212,000 | $2,000,000 | $127,000 | $960,000 |
| Unverifiable Information | 7 | $1,022,000 | $146,000 | $355,000 | $42,000 | $90,000 |
| Employment History | 4 | $667,000 | $166,000 | $308,000 | $63,000 | $92,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $642,000 | $214,000 | $309,000 | $54,000 | $63,000 |
| Credit Application Incomplete | 1 | $42,000 | $42,000 | $42,000 | $49,000 | $49,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Residential Loan Centers's 2007 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 Loan Centers'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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