Residential Mortgage Group, In
HMDA Loan Application Totals
and Mortgage Lending Details
for 2007
Residential Mortgage Group, In 2007 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.
Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher,
this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.
| Mortgage Company & Address | Residential Mortgage Group, In 11100 Wayzata Blvd, Suite 570 Minnetonka, MN 55305 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 618 |
| Total Mortgage Loan Application Amount | $144,842,000 |
| Average Mortgage Loan Application Amount | $236,500 |
| Highest Mortgage Loan Application Amount | $1,650,000 |
| Average Applicant Income | $88,500 |
| Highest Applicant Income | $863,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2007 with Residential Mortgage Group, In. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing Residential Mortgage Group, In's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2007 breaks down Residential Mortgage Group, In's mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how Residential Mortgage Group, In serves its applicants.
Each category highlights the total number of mortgage applications processed by Residential Mortgage Group, In, total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at Residential Mortgage Group, In's mortgage activity for 2007.
Mortgage Loan Application Detail Totals for Residential Mortgage Group, In 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 415 | $94,941,000 | $228,000 | $1,280,000 | $86,000 | $863,000 |
| Refinancing | 203 | $49,901,000 | $245,000 | $1,650,000 | $91,000 | $482,000 |
| 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 | 586 | $137,839,000 | $235,000 | $1,650,000 | $88,000 | $863,000 |
| Asian | 13 | $3,091,000 | $237,000 | $798,000 | $92,000 | $440,000 |
| Black or African American | 12 | $2,096,000 | $174,000 | $390,000 | $54,000 | $117,000 |
| Hispanic | 2 | $355,000 | $177,000 | $187,000 | $53,000 | $62,000 |
| American Indian or Alaskan Native | 2 | $636,000 | $318,000 | $416,000 | $217,000 | $300,000 |
| Not Provided | 2 | $415,000 | $207,000 | $230,000 | $64,000 | $85,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $410,000 | $410,000 | $410,000 | $250,000 | $250,000 |
| 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) | 610 | $143,228,000 | $234,000 | $1,650,000 | $88,000 | $863,000 |
| FHA-insured (Federal Housing Administration) | 7 | $1,397,000 | $199,000 | $262,000 | $81,000 | $200,000 |
| VA-guaranteed (Veterans Administration) | 1 | $217,000 | $217,000 | $217,000 | $49,000 | $49,000 |
| 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 | 525 | $125,669,000 | $239,000 | $1,650,000 | $91,000 | $863,000 |
| Application Withdrawn By Applicant | 52 | $11,106,000 | $213,000 | $504,000 | $78,000 | $432,000 |
| Preapproval Approved but not Accepted | 30 | $5,895,000 | $196,000 | $405,000 | $62,000 | $120,000 |
| Application Denied By Financial Institution | 10 | $2,028,000 | $202,000 | $356,000 | $41,000 | $84,000 |
| Preapproval Denied by Financial Institution | 1 | $144,000 | $144,000 | $144,000 | $41,000 | $41,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 3 | $619,000 | $206,000 | $272,000 | $53,000 | $84,000 |
| Debt-To-Income Ratio | 2 | $531,000 | $265,000 | $337,000 | $68,000 | $80,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $81,000 | $81,000 | $81,000 | $25,000 | $25,000 |
| Other | 1 | $241,000 | $241,000 | $241,000 | $0 | $0 |
| Unverifiable Information | 1 | $356,000 | $356,000 | $356,000 | $0 | $0 |
| Credit History | 1 | $140,000 | $140,000 | $140,000 | $56,000 | $56,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Residential Mortgage Group, In'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 Mortgage Group, In'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.
For a list of all lenders in Minnesota, download the full spreadsheet
with aggregated HMDA statistics today.