Residential Mortgage, LLC Mortgage Lending & HMDA Data, 2010
In 2010, Residential Mortgage, LLC of Anchorage, AK reported 6,822 mortgage applications totaling $1.6 billion, down 20% from 2009. The average application was for $233,687, and applicants reported an average income of $88,016. 76% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Anchorage, AK (4,857), Fairbanks, AK (334) and Charleston-North Charleston-Summerville, SC (262) (applications in parentheses).
| Mortgage Company & Address | Residential Mortgage, LLC 100 Calais Drive Anchorage, AK 99515 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 6,822 |
| Total Mortgage Loan Application Amount | $1,594,217,000 |
| Average Mortgage Loan Application Amount | $233,687 |
| Highest Mortgage Loan Application Amount | $936,000 |
| Average Applicant Income | $88,016 |
| Highest Applicant Income | $1,624,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Residential Mortgage, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Anchorage, Alaska | 4,023 | $ 1,019,324,000 | $ 253,374 | $ 95,000 |
| Matanuska-Susitna, Alaska | 834 | $ 185,859,000 | $ 222,852 | $ 81,000 |
| Kenai Peninsula, Alaska | 607 | $ 122,020,000 | $ 201,021 | $ 82,000 |
| Fairbanks North Star, Alaska | 334 | $ 73,260,000 | $ 219,341 | $ 76,000 |
| Juneau, Alaska | 205 | $ 50,002,000 | $ 243,912 | $ 96,000 |
| Spokane, Washington | 192 | $ 30,748,000 | $ 160,145 | $ 56,000 |
| Charleston, South Carolina | 97 | $ 18,706,000 | $ 192,845 | $ 81,000 |
| Kodiak Island, Alaska | 89 | $ 22,739,000 | $ 255,494 | $ 98,000 |
| Dorchester, South Carolina | 83 | $ 12,549,000 | $ 151,192 | $ 55,000 |
| Berkeley, South Carolina | 82 | $ 12,222,000 | $ 149,048 | $ 53,000 |
| Sumter, South Carolina | 50 | $ 6,445,000 | $ 128,900 | $ 52,000 |
| Valdez-Cordova, Alaska | 33 | $ 7,186,000 | $ 217,757 | $ 95,000 |
| Richland, South Carolina | 28 | $ 3,605,000 | $ 128,750 | $ 37,000 |
| Nome, Alaska | 16 | $ 3,568,000 | $ 223,000 | $ 80,000 |
| Clarendon, South Carolina | 16 | $ 2,039,000 | $ 127,437 | $ 52,000 |
| Lexington, South Carolina | 16 | $ 2,700,000 | $ 168,750 | $ 64,000 |
| Kershaw, South Carolina | 15 | $ 2,259,000 | $ 150,600 | $ 56,000 |
| Sitka, Alaska | 13 | $ 2,731,000 | $ 210,076 | $ 80,000 |
| North Slope, Alaska | 7 | $ 1,360,000 | $ 194,285 | $ 65,000 |
| Wrangell-Petersburg, Alaska | 6 | $ 1,079,000 | $ 179,833 | $ 72,000 |
| Stevens, Washington | 6 | $ 1,519,000 | $ 253,166 | $ 98,000 |
| Fairfield, South Carolina | 5 | $ 641,000 | $ 128,200 | $ 41,000 |
| Orangeburg, South Carolina | 5 | $ 454,000 | $ 90,800 | $ 53,000 |
| Haines, Alaska | 4 | $ 887,000 | $ 221,750 | $ 59,000 |
| Bethel, Alaska | 3 | $ 800,000 | $ 266,666 | $ 92,000 |
| Ketchikan Gateway, Alaska | 3 | $ 787,000 | $ 262,333 | $ 123,000 |
| Northwest Arctic, Alaska | 3 | $ 544,000 | $ 181,333 | $ 125,000 |
| Horry, South Carolina | 3 | $ 252,000 | $ 84,000 | $ 66,000 |
| Marlboro, South Carolina | 3 | $ 173,000 | $ 57,666 | $ 40,000 |
| Lincoln, Washington | 3 | $ 362,000 | $ 120,666 | $ 62,000 |
| Pierce, Washington | 3 | $ 978,000 | $ 326,000 | $ 97,000 |
| Aleutians West, Alaska | 2 | $ 713,000 | $ 356,500 | $ 134,000 |
| Southeast Fairbanks, Alaska | 2 | $ 289,000 | $ 144,500 | $ 47,000 |
| Beaufort, South Carolina | 2 | $ 490,000 | $ 245,000 | $ 109,000 |
| Florence, South Carolina | 2 | $ 338,000 | $ 169,000 | $ 41,000 |
| Aleutians East, Alaska | 1 | $ 140,000 | $ 140,000 | $ 87,000 |
| Dillingham, Alaska | 1 | $ 76,000 | $ 76,000 | $ 149,000 |
| Prince of Wales-Outer Ketchikan, Alaska | 1 | $ 186,000 | $ 186,000 | $ 64,000 |
| Aiken, South Carolina | 1 | $ 170,000 | $ 170,000 | $ 42,000 |
| Anderson, South Carolina | 1 | $ 108,000 | $ 108,000 | $ 28,000 |
| Calhoun, South Carolina | 1 | $ 99,000 | $ 99,000 | $ 12,000 |
| Colleton, South Carolina | 1 | $ 68,000 | $ 68,000 | $ 43,000 |
| Dillon, South Carolina | 1 | $ 77,000 | $ 77,000 | $ 23,000 |
| Pickens, South Carolina | 1 | $ 87,000 | $ 87,000 | $ 104,000 |
| Williamsburg, South Carolina | 1 | $ 68,000 | $ 68,000 | $ 65,000 |
| Adams, Washington | 1 | $ 86,000 | $ 86,000 | $ 48,000 |
| King, Washington | 1 | $ 262,000 | $ 262,000 | $ 87,000 |
| Okanogan, Washington | 1 | $ 263,000 | $ 263,000 | $ 50,000 |
| Thurston, Washington | 1 | $ 257,000 | $ 257,000 | $ 64,000 |
| Whatcom, Washington | 1 | $ 264,000 | $ 264,000 | $ 179,000 |
| Yakima, Washington | 1 | $ 177,000 | $ 177,000 | $ 77,000 |
Mortgage Loan Application Detail Totals for Residential Mortgage, LLC in 2010
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 | 4,071 | $943,343,000 | $231,000 | $688,000 | $86,000 | $1,298,000 |
| Refinancing | 2,751 | $650,874,000 | $236,000 | $936,000 | $91,000 | $1,624,000 |
| 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 | 5,471 | $1,296,490,000 | $236,000 | $936,000 | $91,000 | $1,624,000 |
| American Indian or Alaskan Native | 302 | $69,155,000 | $228,000 | $675,000 | $81,000 | $549,000 |
| Not Provided | 298 | $66,647,000 | $223,000 | $669,000 | $88,000 | $760,000 |
| Black or African American | 244 | $50,958,000 | $208,000 | $625,000 | $78,000 | $1,298,000 |
| Hispanic | 219 | $46,602,000 | $212,000 | $484,000 | $68,000 | $290,000 |
| Asian | 211 | $47,152,000 | $223,000 | $626,000 | $68,000 | $375,000 |
| Native Hawaiian or Other Pacific Islander | 77 | $17,213,000 | $223,000 | $607,000 | $67,000 | $186,000 |
| 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) | 2,800 | $644,299,000 | $230,000 | $936,000 | $115,000 | $1,624,000 |
| FHA-insured (Federal Housing Administration) | 2,477 | $546,310,000 | $220,000 | $631,000 | $70,000 | $720,000 |
| VA-guaranteed (Veterans Administration) | 1,392 | $376,068,000 | $270,000 | $669,000 | $69,000 | $712,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 153 | $27,540,000 | $180,000 | $414,000 | $57,000 | $170,000 |
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 | 5,155 | $1,208,647,000 | $234,000 | $688,000 | $90,000 | $1,624,000 |
| Application Withdrawn By Applicant | 930 | $219,442,000 | $235,000 | $825,000 | $89,000 | $712,000 |
| Application Denied By Financial Institution | 385 | $82,979,000 | $215,000 | $936,000 | $65,000 | $815,000 |
| File Closed For Incompleteness | 180 | $41,307,000 | $229,000 | $656,000 | $77,000 | $414,000 |
| Application Approved But Not Accepted | 172 | $41,842,000 | $243,000 | $626,000 | $98,000 | $839,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Residential Mortgage, LLC's 2010 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, LLC'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 Alaska, download the full spreadsheet
with aggregated HMDA statistics today.
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