Resource Bank Mortgage Lending & HMDA Data, 2004
In 2004, Resource Bank of Virginia Beach, VA reported 10,005 mortgage applications totaling $1.6 billion, down 6% from 2003. The average application was for $157,122, and applicants reported an average income of $76,136. 73% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Virginia Beach-Norfolk-Newport News, VA-NC (3,084), Bethesda-Frederick-Gaithersburg, MD (921) and Richmond, VA (781) (applications in parentheses).
| Mortgage Company & Address | Resource Bank 4429 Bonney Road Virginia Beach, VA 23462 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 10,005 |
| Total Mortgage Loan Application Amount | $1,572,015,000 |
| Average Mortgage Loan Application Amount | $157,122 |
| Highest Mortgage Loan Application Amount | $5,000,000 |
| Average Applicant Income | $76,136 |
| Highest Applicant Income | $1,980,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Resource Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Virginia Beach-Norfolk-Newport News, VA-NC | 3,084 | $ 532,640,000 | $ 172,710 | $ 69,000 |
| Bethesda-Frederick-Gaithersburg, MD | 921 | $ 165,784,000 | $ 180,004 | $ 82,000 |
| Richmond, VA | 781 | $ 117,606,000 | $ 150,583 | $ 75,000 |
| Baltimore-Towson, MD | 286 | $ 47,746,000 | $ 166,944 | $ 87,000 |
| Jacksonville, FL | 159 | $ 20,380,000 | $ 128,176 | $ 65,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 145 | $ 19,462,000 | $ 134,220 | $ 70,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 119 | $ 29,079,000 | $ 244,361 | $ 104,000 |
| Charlottesville, VA | 97 | $ 16,967,000 | $ 174,917 | $ 100,000 |
| Detroit-Livonia-Dearborn, MI | 79 | $ 5,145,000 | $ 65,126 | $ 56,000 |
| Houston-Baytown-Sugar Land, TX | 68 | $ 8,145,000 | $ 119,779 | $ 72,000 |
| Charlotte-Gastonia-Concord, NC-SC | 67 | $ 4,849,000 | $ 72,373 | $ 69,000 |
| Atlanta-Sandy Springs-Marietta, GA | 65 | $ 8,966,000 | $ 137,938 | $ 36,000 |
| Orlando, FL | 64 | $ 7,349,000 | $ 114,828 | $ 67,000 |
| Columbus, OH | 63 | $ 5,432,000 | $ 86,222 | $ 52,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 58 | $ 9,398,000 | $ 162,034 | $ 92,000 |
| Tampa-St. Petersburg-Clearwater, FL | 51 | $ 4,943,000 | $ 96,921 | $ 45,000 |
| Indianapolis, IN | 50 | $ 4,223,000 | $ 84,460 | $ 54,000 |
| Dallas-Plano-Irving, TX | 46 | $ 4,410,000 | $ 95,869 | $ 84,000 |
| Roanoke, VA | 45 | $ 4,333,000 | $ 96,288 | $ 48,000 |
| Cincinnati-Middletown, OH-KY-IN | 41 | $ 2,519,000 | $ 61,439 | $ 88,000 |
| Miami-Miami Beach-Kendall, FL | 38 | $ 6,271,000 | $ 165,026 | $ 97,000 |
| Hagerstown-Martinsburg, MD-WV | 30 | $ 4,669,000 | $ 155,633 | $ 80,000 |
| Raleigh-Cary, NC | 27 | $ 3,766,000 | $ 139,481 | $ 74,000 |
| Warren-Farmington Hills-Troy, MI | 27 | $ 4,007,000 | $ 148,407 | $ 79,000 |
| Columbia, SC | 26 | $ 2,280,000 | $ 87,692 | $ 53,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 26 | $ 3,528,000 | $ 135,692 | $ 123,000 |
| Pittsburgh, PA | 25 | $ 2,832,000 | $ 113,280 | $ 66,000 |
| Lynchburg, VA | 24 | $ 3,029,000 | $ 126,208 | $ 82,000 |
| Philadelphia, PA | 24 | $ 2,650,000 | $ 110,416 | $ 90,000 |
| Cleveland-Elyria-Mentor, OH | 22 | $ 2,079,000 | $ 94,500 | $ 71,000 |
| Fort Worth-Arlington, TX | 21 | $ 1,494,000 | $ 71,142 | $ 68,000 |
| New Haven-Milford, CT | 21 | $ 1,562,000 | $ 74,380 | $ 81,000 |
| Lansing-East Lansing, MI | 20 | $ 2,447,000 | $ 122,350 | $ 65,000 |
| Grand Rapids-Wyoming, MI | 19 | $ 1,290,000 | $ 67,894 | $ 54,000 |
| Portland-Vancouver-Beaverton, OR-WA | 18 | $ 2,611,000 | $ 145,055 | $ 112,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 17 | $ 2,867,000 | $ 168,647 | $ 61,000 |
| Albany-Schenectady-Troy, NY | 16 | $ 892,000 | $ 55,750 | $ 37,000 |
| Hartford-West Hartford-East Hartford, CT | 16 | $ 1,698,000 | $ 106,125 | $ 79,000 |
| Kennewick-Richland-Pasco, WA | 16 | $ 772,000 | $ 48,250 | $ 0 |
| St. Louis, MO-IL | 16 | $ 1,633,000 | $ 102,062 | $ 64,000 |
| Winchester, VA-WV | 16 | $ 1,970,000 | $ 123,125 | $ 89,000 |
| Dayton, OH | 15 | $ 1,231,000 | $ 82,066 | $ 68,000 |
| Danville, VA | 14 | $ 1,244,000 | $ 88,857 | $ 39,000 |
| Greenville, SC | 14 | $ 1,446,000 | $ 103,285 | $ 71,000 |
| Kansas City, MO-KS | 14 | $ 1,598,000 | $ 114,142 | $ 101,000 |
| New York-Wayne-White Plains, NY-NJ | 13 | $ 2,965,000 | $ 228,076 | $ 127,000 |
| Riverside-San Bernardino-Ontario, CA | 13 | $ 2,128,000 | $ 163,692 | $ 136,000 |
| Akron, OH | 12 | $ 1,321,000 | $ 110,083 | $ 79,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 12 | $ 1,935,000 | $ 161,250 | $ 75,000 |
| Elizabethtown, KY | 12 | $ 749,000 | $ 62,416 | $ 35,000 |
| Lakeland, FL | 12 | $ 1,331,000 | $ 110,916 | $ 58,000 |
| Charleston, WV | 11 | $ 719,000 | $ 65,363 | $ 43,000 |
| Durham, NC | 11 | $ 2,136,000 | $ 194,181 | $ 65,000 |
| Fort Wayne, IN | 11 | $ 793,000 | $ 72,090 | $ 59,000 |
| Memphis, TN-MS-AR | 11 | $ 655,000 | $ 59,545 | $ 70,000 |
| Oklahoma City, OK | 11 | $ 491,000 | $ 44,636 | $ 52,000 |
| Phoenix-Mesa-Scottsdale, AZ | 11 | $ 1,958,000 | $ 178,000 | $ 87,000 |
| Greensboro-High Point, NC | 10 | $ 1,277,000 | $ 127,700 | $ 69,000 |
| Palm Bay-Melbourne-Titusville, FL | 10 | $ 1,442,000 | $ 144,200 | $ 65,000 |
| Port St. Lucie-Fort Pierce, FL | 10 | $ 1,206,000 | $ 120,600 | $ 83,000 |
| Austin-Round Rock, TX | 9 | $ 1,052,000 | $ 116,888 | $ 119,000 |
| Las Cruces, NM | 9 | $ 670,000 | $ 74,444 | $ 99,000 |
| Lexington-Fayette, KY | 9 | $ 675,000 | $ 75,000 | $ 89,000 |
| Louisville, KY-IN | 9 | $ 589,000 | $ 65,444 | $ 55,000 |
| Sarasota-Bradenton-Venice, FL | 9 | $ 1,057,000 | $ 117,444 | $ 62,000 |
| Scranton--Wilkes-Barre, PA | 9 | $ 485,000 | $ 53,888 | $ 50,000 |
| Bridgeport-Stamford-Norwalk, CT | 8 | $ 1,685,000 | $ 210,625 | $ 129,000 |
| Flint, MI | 8 | $ 650,000 | $ 81,250 | $ 76,000 |
| Hickory-Lenoir-Morganton, NC | 8 | $ 969,000 | $ 121,125 | $ 52,000 |
| Lafayette, IN | 8 | $ 498,000 | $ 62,250 | $ 93,000 |
| Milwaukee-Waukesha-West Allis, WI | 8 | $ 866,000 | $ 108,250 | $ 65,000 |
| San Antonio, TX | 8 | $ 610,000 | $ 76,250 | $ 69,000 |
| Wilmington, DE-MD-NJ | 8 | $ 825,000 | $ 103,125 | $ 82,000 |
| Wilmington, NC | 8 | $ 969,000 | $ 121,125 | $ 69,000 |
| Winston-Salem, NC | 8 | $ 765,000 | $ 95,625 | $ 47,000 |
| Denver-Aurora, CO | 7 | $ 896,000 | $ 128,000 | $ 61,000 |
| Gary, IN | 7 | $ 671,000 | $ 95,857 | $ 29,000 |
| Harrisonburg, VA | 7 | $ 645,000 | $ 92,142 | $ 62,000 |
| Holland-Grand Haven, MI | 7 | $ 674,000 | $ 96,285 | $ 63,000 |
| Little Rock-North Little Rock, AR | 7 | $ 379,000 | $ 54,142 | $ 44,000 |
| Los Angeles-Long Beach-Glendale, CA | 7 | $ 1,091,000 | $ 155,857 | $ 111,000 |
| South Bend-Mishawaka, IN-MI | 7 | $ 429,000 | $ 61,285 | $ 83,000 |
| Springfield, MO | 7 | $ 304,000 | $ 43,428 | $ 20,000 |
| Canton-Massillon, OH | 6 | $ 335,000 | $ 55,833 | $ 64,000 |
| Duluth, MN-WI | 6 | $ 456,000 | $ 76,000 | $ 30,000 |
| Erie, PA | 6 | $ 351,000 | $ 58,500 | $ 40,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 6 | $ 581,000 | $ 96,833 | $ 89,000 |
| Greenville, NC | 6 | $ 670,000 | $ 111,666 | $ 59,000 |
| Seattle-Bellevue-Everett, WA | 6 | $ 714,000 | $ 119,000 | $ 135,000 |
| Spartanburg, SC | 6 | $ 546,000 | $ 91,000 | $ 41,000 |
| St. Cloud, MN | 6 | $ 612,000 | $ 102,000 | $ 65,000 |
| Toledo, OH | 6 | $ 398,000 | $ 66,333 | $ 36,000 |
| Wichita, KS | 6 | $ 401,000 | $ 66,833 | $ 79,000 |
| Anderson, IN | 5 | $ 332,000 | $ 66,400 | $ 55,000 |
| Cape Coral-Fort Myers, FL | 5 | $ 778,000 | $ 155,600 | $ 120,000 |
| Charleston-North Charleston, SC | 5 | $ 689,000 | $ 137,800 | $ 59,000 |
| Dover, DE | 5 | $ 559,000 | $ 111,800 | $ 74,000 |
| York-Hanover, PA | 5 | $ 656,000 | $ 131,200 | $ 63,000 |
| Fayetteville, NC | 4 | $ 368,000 | $ 92,000 | $ 60,000 |
| Fort Walton Beach-Crestview-Destin, FL | 4 | $ 268,000 | $ 67,000 | $ 0 |
| Huntington-Ashland, WV-KY-OH | 4 | $ 360,000 | $ 90,000 | $ 25,000 |
| Jackson, MI | 4 | $ 692,000 | $ 173,000 | $ 85,000 |
| Mansfield, OH | 4 | $ 732,000 | $ 183,000 | $ 79,000 |
| Muncie, IN | 4 | $ 202,000 | $ 50,500 | $ 26,000 |
| Nashville-Davidson--Murfreesboro, TN | 4 | $ 614,000 | $ 153,500 | $ 77,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 4 | $ 1,376,000 | $ 344,000 | $ 163,000 |
| Rochester, NY | 4 | $ 321,000 | $ 80,250 | $ 100,000 |
| San Luis Obispo-Paso Robles, CA | 4 | $ 878,000 | $ 219,500 | $ 36,000 |
| Springfield, MA | 4 | $ 306,000 | $ 76,500 | $ 0 |
| Allentown-Bethlehem-Easton, PA-NJ | 3 | $ 185,000 | $ 61,666 | $ 32,000 |
| Anderson, SC | 3 | $ 316,000 | $ 105,333 | $ 43,000 |
| Blacksburg-Christiansburg-Radford, VA | 3 | $ 225,000 | $ 75,000 | $ 34,000 |
| Cedar Rapids, IA | 3 | $ 353,000 | $ 117,666 | $ 66,000 |
| Chattanooga, TN-GA | 3 | $ 242,000 | $ 80,666 | $ 77,000 |
| Kalamazoo-Portage, MI | 3 | $ 129,000 | $ 43,000 | $ 49,000 |
| Kingsport-Bristol-Bristol, TN-VA | 3 | $ 269,000 | $ 89,666 | $ 32,000 |
| Muskegon-Norton Shores, MI | 3 | $ 128,000 | $ 42,666 | $ 51,000 |
| Niles-Benton Harbor, MI | 3 | $ 166,000 | $ 55,333 | $ 39,000 |
| Rockingham County-Strafford County, NH | 3 | $ 444,000 | $ 148,000 | $ 33,000 |
| Albuquerque, NM | 2 | $ 282,000 | $ 141,000 | $ 0 |
| Ann Arbor, MI | 2 | $ 200,000 | $ 100,000 | $ 0 |
| Bakersfield, CA | 2 | $ 76,000 | $ 38,000 | $ 96,000 |
| Bay City, MI | 2 | $ 75,000 | $ 37,500 | $ 59,000 |
| Beaumont-Port Arthur, TX | 2 | $ 195,000 | $ 97,500 | $ 72,000 |
| Bloomington, IN | 2 | $ 205,000 | $ 102,500 | $ 144,000 |
| Cheyenne, WY | 2 | $ 129,000 | $ 64,500 | $ 163,000 |
| Chicago-Naperville-Joliet, IL | 2 | $ 262,000 | $ 131,000 | $ 0 |
| Clarksville, TN-KY | 2 | $ 203,000 | $ 101,500 | $ 57,000 |
| Cleveland, TN | 2 | $ 209,000 | $ 104,500 | $ 71,000 |
| College Station-Bryan, TX | 2 | $ 86,000 | $ 43,000 | $ 0 |
| Corpus Christi, TX | 2 | $ 178,000 | $ 89,000 | $ 0 |
| Davenport-Moline-Rock Island, IA-IL | 2 | $ 70,000 | $ 35,000 | $ 29,000 |
| Des Moines, IA | 2 | $ 76,000 | $ 38,000 | $ 171,000 |
| Eau Claire, WI | 2 | $ 158,000 | $ 79,000 | $ 0 |
| El Paso, TX | 2 | $ 217,000 | $ 108,500 | $ 0 |
| Fort Smith, AR-OK | 2 | $ 250,000 | $ 125,000 | $ 78,000 |
| Harrisburg-Carlisle, PA | 2 | $ 248,000 | $ 124,000 | $ 45,000 |
| Joplin, MO | 2 | $ 183,000 | $ 91,500 | $ 50,000 |
| Lebanon, PA | 2 | $ 120,000 | $ 60,000 | $ 99,000 |
| Lincoln, NE | 2 | $ 192,000 | $ 96,000 | $ 49,000 |
| Merced, CA | 2 | $ 171,000 | $ 85,500 | $ 59,000 |
| Michigan City-La Porte, IN | 2 | $ 133,000 | $ 66,500 | $ 84,000 |
| Morgantown, WV | 2 | $ 185,000 | $ 92,500 | $ 72,000 |
| Norwich-New London, CT | 2 | $ 449,000 | $ 224,500 | $ 64,000 |
| Oakland-Fremont-Hayward, CA | 2 | $ 536,000 | $ 268,000 | $ 107,000 |
| Ocala, FL | 2 | $ 181,000 | $ 90,500 | $ 41,000 |
| Pensacola-Ferry Pass-Brent, FL | 2 | $ 237,000 | $ 118,500 | $ 71,000 |
| Punta Gorda, FL | 2 | $ 304,000 | $ 152,000 | $ 56,000 |
| Racine, WI | 2 | $ 90,000 | $ 45,000 | $ 53,000 |
| Reading, PA | 2 | $ 72,000 | $ 36,000 | $ 37,000 |
| Salem, OR | 2 | $ 196,000 | $ 98,000 | $ 46,000 |
| Salisbury, MD | 2 | $ 306,000 | $ 153,000 | $ 72,000 |
| Springfield, OH | 2 | $ 139,000 | $ 69,500 | $ 134,000 |
| Tacoma, WA | 2 | $ 223,000 | $ 111,500 | $ 0 |
| Tallahassee, FL | 2 | $ 423,000 | $ 211,500 | $ 55,000 |
| Terre Haute, IN | 2 | $ 65,000 | $ 32,500 | $ 0 |
| Tucson, AZ | 2 | $ 186,000 | $ 93,000 | $ 54,000 |
| Wausau, WI | 2 | $ 74,000 | $ 37,000 | $ 120,000 |
| Youngstown-Warren-Boardman, OH-PA | 2 | $ 313,000 | $ 156,500 | $ 86,000 |
| Altoona, PA | 1 | $ 108,000 | $ 108,000 | $ 35,000 |
| Battle Creek, MI | 1 | $ 153,000 | $ 153,000 | $ 54,000 |
| Bend, OR | 1 | $ 97,000 | $ 97,000 | $ 23,000 |
| Billings, MT | 1 | $ 118,000 | $ 118,000 | $ 113,000 |
| Binghamton, NY | 1 | $ 60,000 | $ 60,000 | $ 216,000 |
| Columbia, MO | 1 | $ 200,000 | $ 200,000 | $ 100,000 |
| Corvallis, OR | 1 | $ 134,000 | $ 134,000 | $ 42,000 |
| Elkhart-Goshen, IN | 1 | $ 97,000 | $ 97,000 | $ 57,000 |
| Florence, SC | 1 | $ 118,000 | $ 118,000 | $ 44,000 |
| Green Bay, WI | 1 | $ 80,000 | $ 80,000 | $ 84,000 |
| Lewiston-Auburn, ME | 1 | $ 136,000 | $ 136,000 | $ 57,000 |
| Longview, TX | 1 | $ 46,000 | $ 46,000 | $ 0 |
| Lubbock, TX | 1 | $ 43,000 | $ 43,000 | $ 0 |
| Manchester-Nashua, NH | 1 | $ 334,000 | $ 334,000 | $ 113,000 |
| Naples-Marco Island, FL | 1 | $ 160,000 | $ 160,000 | $ 82,000 |
| Nassau-Suffolk, NY | 1 | $ 315,000 | $ 315,000 | $ 0 |
| Saginaw-Saginaw Township North, MI | 1 | $ 106,000 | $ 106,000 | $ 62,000 |
| San Diego-Carlsbad-San Marcos, CA | 1 | $ 650,000 | $ 650,000 | $ 180,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 750,000 | $ 750,000 | $ 204,000 |
| Santa Fe, NM | 1 | $ 907,000 | $ 907,000 | $ 450,000 |
| Utica-Rome, NY | 1 | $ 80,000 | $ 80,000 | $ 102,000 |
| Vero Beach, FL | 1 | $ 173,000 | $ 173,000 | $ 152,000 |
| Weirton-Steubenville, WV-OH | 1 | $ 124,000 | $ 124,000 | $ 96,000 |
Mortgage Loan Application Detail Totals for Resource Bank in 2004
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 | 7,606 | $1,128,354,000 | $113,526 | $4,215,000 | $70,447 | $1,980,000 |
| Refinancing | 2,380 | $439,499,000 | $148,764 | $5,000,000 | $78,558 | $1,818,000 |
| Home Improvement | 19 | $4,162,000 | $147,800 | $800,000 | $63,200 | $202,000 |
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 | 5,478 | $902,629,000 | $144,189 | $5,000,000 | $84,054 | $1,818,000 |
| Black or African American | 1,851 | $261,244,000 | $111,607 | $1,485,000 | $76,535 | $600,000 |
| Hispanic | 1,671 | $235,771,000 | $121,750 | $985,000 | $62,541 | $431,000 |
| Not Provided | 555 | $85,378,000 | $114,730 | $1,625,000 | $56,038 | $1,980,000 |
| Asian | 372 | $66,301,000 | $134,857 | $1,961,000 | $84,571 | $425,000 |
| Native Hawaiian or Other Pacific Islander | 36 | $5,218,000 | $124,500 | $462,000 | $69,833 | $313,000 |
| American Indian or Alaskan Native | 23 | $2,515,000 | $128,000 | $224,000 | $42,600 | $156,000 |
| Not applicable | 19 | $12,959,000 | $1,204,666 | $4,215,000 | $18,666 | $344,000 |
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) | 9,046 | $1,433,231,000 | $117,421 | $5,000,000 | $73,842 | $1,980,000 |
| FHA-insured (Federal Housing Administration) | 531 | $69,075,000 | $137,285 | $294,000 | $46,000 | $268,000 |
| VA-guaranteed (Veterans Administration) | 414 | $67,523,000 | $170,400 | $296,000 | $53,400 | $126,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 14 | $2,186,000 | $193,500 | $238,000 | $66,500 | $97,000 |
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 | 7,319 | $1,211,399,000 | $119,270 | $4,215,000 | $72,243 | $1,818,000 |
| Application Denied By Financial Institution | 1,046 | $113,781,000 | $107,062 | $628,000 | $66,906 | $932,000 |
| Application Approved But Not Accepted | 944 | $122,141,000 | $109,866 | $995,000 | $86,100 | $744,000 |
| Application Withdrawn By Applicant | 638 | $114,235,000 | $134,882 | $5,000,000 | $58,117 | $1,980,000 |
| File Closed For Incompleteness | 58 | $10,459,000 | $165,000 | $440,000 | $119,500 | $600,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 306 | $32,370,000 | $116,958 | $560,000 | $68,041 | $720,000 |
| Collateral | 276 | $28,851,000 | $118,185 | $580,000 | $74,555 | $932,000 |
| Other | 173 | $20,581,000 | $108,421 | $600,000 | $70,684 | $312,000 |
| Debt-To-Income Ratio | 127 | $14,249,000 | $112,142 | $628,000 | $56,190 | $169,000 |
| Employment History | 65 | $6,832,000 | $107,117 | $600,000 | $66,764 | $234,000 |
| Credit Application Incomplete | 5 | $1,307,000 | $202,666 | $572,000 | $53,000 | $107,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $383,000 | $383,000 | $383,000 | $110,000 | $110,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Resource Bank's 2004 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 Resource Bank'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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