Reverse Mortgage Solutions Inc Mortgage Lending & HMDA Data, 2016

In 2016, Reverse Mortgage Solutions Inc of Houston, TX reported 639 mortgage applications totaling $113.0 million, down 70% from 2015. The average application was for $176,830, and applicants reported an average income of $17,918. 29% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Riverside-San Bernardino-Ontario, CA (27), Phoenix-Mesa-Scottsdale, AZ (22) and Los Angeles-Long Beach-Glendale, CA (21) (applications in parentheses).

Mortgage Company & Address Reverse Mortgage Solutions Inc
14405 Walters Rd Suite 200
Houston, TX 77014
Tel #: available with data download
Federal Regulator * available with data download
Years 2016  2015  2014  2013  
Total Number of Mortgage Applications 639
Total Mortgage Loan Application Amount $112,995,000
Average Mortgage Loan Application Amount $176,830
Highest Mortgage Loan Application Amount $538,000
Average Applicant Income $17,918
Highest Applicant Income $215,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Reverse Mortgage Solutions Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Reverse Mortgage Solutions Inc by County in 2016

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Los Angeles, California 21 $ 6,282,000 $ 299,142 $ 20,000
Maricopa, Arizona 20 $ 2,755,000 $ 137,750 $ 32,000
Riverside, California 16 $ 3,358,000 $ 209,875 $ 14,000
Polk, Florida 16 $ 2,009,000 $ 125,562 $ 0
Clark, Nevada 16 $ 2,579,000 $ 161,187 $ 18,000
Washington, Utah 14 $ 2,268,000 $ 162,000 $ 13,000
Orange, California 13 $ 4,279,000 $ 329,153 $ 17,000
Ada, Idaho 12 $ 1,755,000 $ 146,250 $ 19,000
San Bernardino, California 11 $ 2,062,000 $ 187,454 $ 20,000
San Diego, California 10 $ 3,200,000 $ 320,000 $ 35,000
Contra Costa, California 8 $ 2,934,000 $ 366,750 $ 18,000
Washoe, Nevada 8 $ 1,709,000 $ 213,625 $ 15,000
King, Washington 8 $ 2,130,000 $ 266,250 $ 34,000
Placer, California 6 $ 1,498,000 $ 249,666 $ 6,000
Ventura, California 6 $ 1,952,000 $ 325,333 $ 30,000
Weld, Colorado 6 $ 1,182,000 $ 197,000 $ 25,000
Lake, Florida 6 $ 715,000 $ 119,166 $ 2,000
Mecklenburg, North Carolina 6 $ 893,000 $ 148,833 $ 4,000
Delaware, Ohio 6 $ 1,194,000 $ 199,000 $ 0
Franklin, Ohio 6 $ 712,000 $ 118,666 $ 3,000
Licking, Ohio 6 $ 778,000 $ 129,666 $ 0
Harris, Texas 6 $ 1,008,000 $ 168,000 $ 37,000
Utah, Utah 6 $ 935,000 $ 155,833 $ 32,000
Yavapai, Arizona 5 $ 543,000 $ 108,600 $ 10,000
Santa Clara, California 5 $ 1,946,000 $ 389,200 $ 7,000
Canyon, Idaho 5 $ 643,000 $ 128,600 $ 33,000
Cook, Illinois 5 $ 662,000 $ 132,400 $ 26,000
Greenville, South Carolina 5 $ 666,000 $ 133,200 $ 12,000
Tarrant, Texas 5 $ 421,000 $ 84,200 $ 6,000
Salt Lake, Utah 5 $ 818,000 $ 163,600 $ 25,000
Alameda, California 4 $ 1,101,000 $ 275,250 $ 35,000
Nevada, California 4 $ 950,000 $ 237,500 $ 29,000
Larimer, Colorado 4 $ 678,000 $ 169,500 $ 34,000
Hillsborough, Florida 4 $ 430,000 $ 107,500 $ 21,000
Moore, North Carolina 4 $ 648,000 $ 162,000 $ 23,000
Washington, Oregon 4 $ 735,000 $ 183,750 $ 26,000
Bucks, Pennsylvania 4 $ 853,000 $ 213,250 $ 10,000
Horry, South Carolina 4 $ 735,000 $ 183,750 $ 0
York, South Carolina 4 $ 787,000 $ 196,750 $ 21,000
Dallas, Texas 4 $ 318,000 $ 79,500 $ 24,000
El Paso, Texas 4 $ 429,000 $ 107,250 $ 54,000
Snohomish, Washington 4 $ 927,000 $ 231,750 $ 0
Fresno, California 3 $ 470,000 $ 156,666 $ 5,000
Santa Cruz, California 3 $ 1,026,000 $ 342,000 $ 18,000
Arapahoe, Colorado 3 $ 685,000 $ 228,333 $ 14,000
Broward, Florida 3 $ 422,000 $ 140,666 $ 32,000
Martin, Florida 3 $ 661,000 $ 220,333 $ 32,000
Miami-Dade, Florida 3 $ 753,000 $ 251,000 $ 45,000
Orange, Florida 3 $ 320,000 $ 106,666 $ 14,000
St. Lucie, Florida 3 $ 357,000 $ 119,000 $ 0
Gwinnett, Georgia 3 $ 300,000 $ 100,000 $ 18,000
Jefferson, Kentucky 3 $ 321,000 $ 107,000 $ 7,000
Medina, Ohio 3 $ 246,000 $ 82,000 $ 16,000
Deschutes, Oregon 3 $ 650,000 $ 216,666 $ 44,000
Marion, Oregon 3 $ 325,000 $ 108,333 $ 16,000
Berkeley, South Carolina 3 $ 418,000 $ 139,333 $ 0
Dorchester, South Carolina 3 $ 336,000 $ 112,000 $ 0
Lancaster, South Carolina 3 $ 324,000 $ 108,000 $ 0
Clark, Washington 3 $ 514,000 $ 171,333 $ 27,000
Pinal, Arizona 2 $ 397,000 $ 198,500 $ 20,000
Phillips, Arkansas 2 $ 169,000 $ 84,500 $ 37,000
El Dorado, California 2 $ 429,000 $ 214,500 $ 30,000
San Joaquin, California 2 $ 267,000 $ 133,500 $ 21,000
Sonoma, California 2 $ 682,000 $ 341,000 $ 17,000
Adams, Colorado 2 $ 299,000 $ 149,500 $ 13,000
Douglas, Colorado 2 $ 487,000 $ 243,500 $ 31,000
El Paso, Colorado 2 $ 285,000 $ 142,500 $ 17,000
Jefferson, Colorado 2 $ 381,000 $ 190,500 $ 0
Tolland, Connecticut 2 $ 166,000 $ 83,000 $ 0
District of Columbia, District Of Columbia 2 $ 423,000 $ 211,500 $ 8,000
Duval, Florida 2 $ 419,000 $ 209,500 $ 0
Indian River, Florida 2 $ 354,000 $ 177,000 $ 21,000
Lee, Florida 2 $ 274,000 $ 137,000 $ 29,000
Manatee, Florida 2 $ 568,000 $ 284,000 $ 14,000
Osceola, Florida 2 $ 192,000 $ 96,000 $ 0
Palm Beach, Florida 2 $ 691,000 $ 345,500 $ 36,000
Pasco, Florida 2 $ 203,000 $ 101,500 $ 7,000
Sarasota, Florida 2 $ 308,000 $ 154,000 $ 21,000
Sumter, Florida 2 $ 480,000 $ 240,000 $ 28,000
Volusia, Florida 2 $ 308,000 $ 154,000 $ 0
Chatham, Georgia 2 $ 391,000 $ 195,500 $ 0
Hall, Georgia 2 $ 226,000 $ 113,000 $ 11,000
Honolulu, Hawaii 2 $ 711,000 $ 355,500 $ 54,000
Maui, Hawaii 2 $ 583,000 $ 291,500 $ 14,000
Hamilton, Indiana 2 $ 452,000 $ 226,000 $ 0
Scott, Iowa 2 $ 385,000 $ 192,500 $ 0
Buncombe, North Carolina 2 $ 610,000 $ 305,000 $ 22,000
Pender, North Carolina 2 $ 237,000 $ 118,500 $ 56,000
Cuyahoga, Ohio 2 $ 156,000 $ 78,000 $ 39,000
Greene, Ohio 2 $ 228,000 $ 114,000 $ 0
Mahoning, Ohio 2 $ 167,000 $ 83,500 $ 24,000
Montgomery, Ohio 2 $ 112,000 $ 56,000 $ 0
Tulsa, Oklahoma 2 $ 676,000 $ 338,000 $ 71,000
Multnomah, Oregon 2 $ 520,000 $ 260,000 $ 29,000
Davidson, Tennessee 2 $ 198,000 $ 99,000 $ 0
Robertson, Tennessee 2 $ 358,000 $ 179,000 $ 22,000
Sumner, Tennessee 2 $ 458,000 $ 229,000 $ 52,000
Williamson, Tennessee 2 $ 240,000 $ 120,000 $ 12,000
Denton, Texas 2 $ 291,000 $ 145,500 $ 24,000
Chesapeake, Virginia 2 $ 420,000 $ 210,000 $ 0
Clallam, Washington 2 $ 350,000 $ 175,000 $ 20,000
Pierce, Washington 2 $ 617,000 $ 308,500 $ 23,000
Autauga, Alabama 1 $ 95,000 $ 95,000 $ 43,000
Baldwin, Alabama 1 $ 348,000 $ 348,000 $ 32,000
Barbour, Alabama 1 $ 107,000 $ 107,000 $ 41,000
Cherokee, Alabama 1 $ 108,000 $ 108,000 $ 41,000
Etowah, Alabama 1 $ 93,000 $ 93,000 $ 19,000
Jefferson, Alabama 1 $ 67,000 $ 67,000 $ 0
Madison, Alabama 1 $ 22,000 $ 22,000 $ 0
Shelby, Alabama 1 $ 28,000 $ 28,000 $ 0
Sumter, Alabama 1 $ 38,000 $ 38,000 $ 27,000
Talladega, Alabama 1 $ 37,000 $ 37,000 $ 14,000
Tallapoosa, Alabama 1 $ 323,000 $ 323,000 $ 47,000
Cochise, Arizona 1 $ 89,000 $ 89,000 $ 48,000
Pima, Arizona 1 $ 134,000 $ 134,000 $ 0
Cross, Arkansas 1 $ 72,000 $ 72,000 $ 0
Logan, Arkansas 1 $ 100,000 $ 100,000 $ 33,000
Washington, Arkansas 1 $ 51,000 $ 51,000 $ 0
Calaveras, California 1 $ 380,000 $ 380,000 $ 0
Marin, California 1 $ 357,000 $ 357,000 $ 0
Napa, California 1 $ 411,000 $ 411,000 $ 30,000
Sacramento, California 1 $ 176,000 $ 176,000 $ 27,000
San Benito, California 1 $ 264,000 $ 264,000 $ 37,000
San Francisco, California 1 $ 538,000 $ 538,000 $ 15,000
San Mateo, California 1 $ 335,000 $ 335,000 $ 89,000
Solano, California 1 $ 172,000 $ 172,000 $ 0
Tuolumne, California 1 $ 207,000 $ 207,000 $ 39,000
Yuba, California 1 $ 219,000 $ 219,000 $ 0
Boulder, Colorado 1 $ 184,000 $ 184,000 $ 19,000
Broomfield, Colorado 1 $ 187,000 $ 187,000 $ 34,000
La Plata, Colorado 1 $ 284,000 $ 284,000 $ 17,000
Litchfield, Connecticut 1 $ 111,000 $ 111,000 $ 38,000
Middlesex, Connecticut 1 $ 159,000 $ 159,000 $ 25,000
New London, Connecticut 1 $ 150,000 $ 150,000 $ 0
Kent, Delaware 1 $ 76,000 $ 76,000 $ 0
New Castle, Delaware 1 $ 132,000 $ 132,000 $ 21,000
Brevard, Florida 1 $ 79,000 $ 79,000 $ 0
Citrus, Florida 1 $ 288,000 $ 288,000 $ 36,000
Flagler, Florida 1 $ 142,000 $ 142,000 $ 0
Hernando, Florida 1 $ 115,000 $ 115,000 $ 17,000
Highlands, Florida 1 $ 78,000 $ 78,000 $ 31,000
Marion, Florida 1 $ 149,000 $ 149,000 $ 0
Pinellas, Florida 1 $ 105,000 $ 105,000 $ 26,000
Santa Rosa, Florida 1 $ 126,000 $ 126,000 $ 0
Seminole, Florida 1 $ 83,000 $ 83,000 $ 0
Bryan, Georgia 1 $ 139,000 $ 139,000 $ 60,000
Bulloch, Georgia 1 $ 79,000 $ 79,000 $ 0
Cherokee, Georgia 1 $ 212,000 $ 212,000 $ 34,000
Cobb, Georgia 1 $ 132,000 $ 132,000 $ 36,000
Coweta, Georgia 1 $ 99,000 $ 99,000 $ 15,000
DeKalb, Georgia 1 $ 341,000 $ 341,000 $ 26,000
Effingham, Georgia 1 $ 132,000 $ 132,000 $ 18,000
Fayette, Georgia 1 $ 103,000 $ 103,000 $ 0
Forsyth, Georgia 1 $ 165,000 $ 165,000 $ 36,000
Gilmer, Georgia 1 $ 281,000 $ 281,000 $ 21,000
Walker, Georgia 1 $ 198,000 $ 198,000 $ 29,000
Hawaii, Hawaii 1 $ 261,000 $ 261,000 $ 0
Gem, Idaho 1 $ 99,000 $ 99,000 $ 0
Lake, Illinois 1 $ 188,000 $ 188,000 $ 0
Macon, Illinois 1 $ 88,000 $ 88,000 $ 24,000
Rock Island, Illinois 1 $ 67,000 $ 67,000 $ 0
Will, Illinois 1 $ 122,000 $ 122,000 $ 0
Hancock, Indiana 1 $ 51,000 $ 51,000 $ 24,000
Johnson, Indiana 1 $ 100,000 $ 100,000 $ 0
St. Joseph, Indiana 1 $ 45,000 $ 45,000 $ 28,000
Jasper, Iowa 1 $ 101,000 $ 101,000 $ 0
Pottawattamie, Iowa 1 $ 152,000 $ 152,000 $ 0
Allen, Kansas 1 $ 118,000 $ 118,000 $ 0
Sedgwick, Kansas 1 $ 48,000 $ 48,000 $ 21,000
Franklin, Kentucky 1 $ 86,000 $ 86,000 $ 18,000
Jessamine, Kentucky 1 $ 198,000 $ 198,000 $ 26,000
East Baton Rouge, Louisiana 1 $ 47,000 $ 47,000 $ 24,000
Jefferson, Louisiana 1 $ 70,000 $ 70,000 $ 28,000
Hancock, Maine 1 $ 444,000 $ 444,000 $ 0
Penobscot, Maine 1 $ 68,000 $ 68,000 $ 0
York, Maine 1 $ 401,000 $ 401,000 $ 0
Anne Arundel, Maryland 1 $ 175,000 $ 175,000 $ 0
Baltimore City, Maryland 1 $ 76,000 $ 76,000 $ 35,000
Charles, Maryland 1 $ 188,000 $ 188,000 $ 0
Harford, Maryland 1 $ 83,000 $ 83,000 $ 21,000
Alger, Michigan 1 $ 212,000 $ 212,000 $ 0
Jackson, Michigan 1 $ 28,000 $ 28,000 $ 0
Livingston, Michigan 1 $ 128,000 $ 128,000 $ 0
Newaygo, Michigan 1 $ 63,000 $ 63,000 $ 27,000
Oakland, Michigan 1 $ 136,000 $ 136,000 $ 0
Hennepin, Minnesota 1 $ 90,000 $ 90,000 $ 30,000
Meeker, Minnesota 1 $ 140,000 $ 140,000 $ 11,000
Olmsted, Minnesota 1 $ 96,000 $ 96,000 $ 0
Forrest, Mississippi 1 $ 102,000 $ 102,000 $ 34,000
Howell, Missouri 1 $ 66,000 $ 66,000 $ 40,000
Polk, Missouri 1 $ 62,000 $ 62,000 $ 33,000
St. Charles, Missouri 1 $ 121,000 $ 121,000 $ 27,000
St. Louis, Missouri 1 $ 191,000 $ 191,000 $ 0
Stoddard, Missouri 1 $ 16,000 $ 16,000 $ 0
Flathead, Montana 1 $ 206,000 $ 206,000 $ 0
Sanders, Montana 1 $ 94,000 $ 94,000 $ 0
Platte, Nebraska 1 $ 82,000 $ 82,000 $ 0
Douglas, Nevada 1 $ 316,000 $ 316,000 $ 45,000
Hillsborough, New Hampshire 1 $ 76,000 $ 76,000 $ 0
Merrimack, New Hampshire 1 $ 145,000 $ 145,000 $ 140,000
Strafford, New Hampshire 1 $ 91,000 $ 91,000 $ 18,000
Cape May, New Jersey 1 $ 69,000 $ 69,000 $ 49,000
Morris, New Jersey 1 $ 145,000 $ 145,000 $ 0
Ocean, New Jersey 1 $ 241,000 $ 241,000 $ 0
Bernalillo, New Mexico 1 $ 151,000 $ 151,000 $ 0
Sandoval, New Mexico 1 $ 106,000 $ 106,000 $ 34,000
Greene, New York 1 $ 105,000 $ 105,000 $ 0
Kings, New York 1 $ 329,000 $ 329,000 $ 0
Nassau, New York 1 $ 286,000 $ 286,000 $ 0
Alexander, North Carolina 1 $ 339,000 $ 339,000 $ 38,000
Brunswick, North Carolina 1 $ 164,000 $ 164,000 $ 0
Durham, North Carolina 1 $ 42,000 $ 42,000 $ 14,000
Robeson, North Carolina 1 $ 39,000 $ 39,000 $ 37,000
Butler, Ohio 1 $ 140,000 $ 140,000 $ 0
Lucas, Ohio 1 $ 86,000 $ 86,000 $ 0
Marion, Ohio 1 $ 61,000 $ 61,000 $ 0
Muskingum, Ohio 1 $ 151,000 $ 151,000 $ 0
Union, Ohio 1 $ 98,000 $ 98,000 $ 0
Van Wert, Ohio 1 $ 38,000 $ 38,000 $ 0
Garfield, Oklahoma 1 $ 65,000 $ 65,000 $ 0
Osage, Oklahoma 1 $ 68,000 $ 68,000 $ 48,000
Clackamas, Oregon 1 $ 167,000 $ 167,000 $ 32,000
Jackson, Oregon 1 $ 214,000 $ 214,000 $ 40,000
Berks, Pennsylvania 1 $ 182,000 $ 182,000 $ 28,000
Chester, Pennsylvania 1 $ 179,000 $ 179,000 $ 0
Dauphin, Pennsylvania 1 $ 146,000 $ 146,000 $ 0
Luzerne, Pennsylvania 1 $ 70,000 $ 70,000 $ 0
Philadelphia, Pennsylvania 1 $ 33,000 $ 33,000 $ 18,000
Washington, Pennsylvania 1 $ 32,000 $ 32,000 $ 22,000
Jasper, South Carolina 1 $ 193,000 $ 193,000 $ 0
Marion, South Carolina 1 $ 131,000 $ 131,000 $ 0
Spartanburg, South Carolina 1 $ 105,000 $ 105,000 $ 0
Minnehaha, South Dakota 1 $ 155,000 $ 155,000 $ 29,000
Blount, Tennessee 1 $ 54,000 $ 54,000 $ 0
Cannon, Tennessee 1 $ 210,000 $ 210,000 $ 23,000
Coffee, Tennessee 1 $ 48,000 $ 48,000 $ 39,000
Cumberland, Tennessee 1 $ 73,000 $ 73,000 $ 20,000
Dickson, Tennessee 1 $ 88,000 $ 88,000 $ 37,000
Henderson, Tennessee 1 $ 61,000 $ 61,000 $ 0
Knox, Tennessee 1 $ 195,000 $ 195,000 $ 0
Lewis, Tennessee 1 $ 80,000 $ 80,000 $ 0
Maury, Tennessee 1 $ 158,000 $ 158,000 $ 0
Obion, Tennessee 1 $ 8,000 $ 8,000 $ 0
Rutherford, Tennessee 1 $ 115,000 $ 115,000 $ 0
Sevier, Tennessee 1 $ 185,000 $ 185,000 $ 35,000
Shelby, Tennessee 1 $ 55,000 $ 55,000 $ 0
Sullivan, Tennessee 1 $ 107,000 $ 107,000 $ 19,000
Wilson, Tennessee 1 $ 211,000 $ 211,000 $ 0
Bexar, Texas 1 $ 159,000 $ 159,000 $ 70,000
Collin, Texas 1 $ 145,000 $ 145,000 $ 0
Comal, Texas 1 $ 221,000 $ 221,000 $ 92,000
Fort Bend, Texas 1 $ 142,000 $ 142,000 $ 17,000
Hale, Texas 1 $ 30,000 $ 30,000 $ 27,000
Jasper, Texas 1 $ 84,000 $ 84,000 $ 23,000
Jim Wells, Texas 1 $ 77,000 $ 77,000 $ 25,000
Orange, Texas 1 $ 62,000 $ 62,000 $ 18,000
Polk, Texas 1 $ 82,000 $ 82,000 $ 15,000
Taylor, Texas 1 $ 86,000 $ 86,000 $ 17,000
Travis, Texas 1 $ 298,000 $ 298,000 $ 82,000
Wise, Texas 1 $ 93,000 $ 93,000 $ 35,000
Carbon, Utah 1 $ 205,000 $ 205,000 $ 0
Davis, Utah 1 $ 132,000 $ 132,000 $ 62,000
Iron, Utah 1 $ 176,000 $ 176,000 $ 16,000
Sanpete, Utah 1 $ 98,000 $ 98,000 $ 0
Tooele, Utah 1 $ 137,000 $ 137,000 $ 0
Weber, Utah 1 $ 223,000 $ 223,000 $ 14,000
Bedford, Virginia 1 $ 85,000 $ 85,000 $ 27,000
Brunswick, Virginia 1 $ 67,000 $ 67,000 $ 33,000
Charlottesville, Virginia 1 $ 110,000 $ 110,000 $ 22,000
Chesterfield, Virginia 1 $ 109,000 $ 109,000 $ 0
Hanover, Virginia 1 $ 190,000 $ 190,000 $ 0
James City, Virginia 1 $ 136,000 $ 136,000 $ 22,000
Lynchburg, Virginia 1 $ 84,000 $ 84,000 $ 22,000
Madison, Virginia 1 $ 66,000 $ 66,000 $ 18,000
Richmond City, Virginia 1 $ 242,000 $ 242,000 $ 54,000
Spotsylvania, Virginia 1 $ 203,000 $ 203,000 $ 27,000
Virginia Beach, Virginia 1 $ 102,000 $ 102,000 $ 0
Washington, Virginia 1 $ 166,000 $ 166,000 $ 0
Franklin, Washington 1 $ 89,000 $ 89,000 $ 0
Island, Washington 1 $ 223,000 $ 223,000 $ 0
Kitsap, Washington 1 $ 258,000 $ 258,000 $ 0
Skagit, Washington 1 $ 133,000 $ 133,000 $ 24,000
Spokane, Washington 1 $ 237,000 $ 237,000 $ 0
Harrison, West Virginia 1 $ 92,000 $ 92,000 $ 13,000
Putnam, West Virginia 1 $ 167,000 $ 167,000 $ 206,000
Barron, Wisconsin 1 $ 75,000 $ 75,000 $ 34,000
Lincoln, Wisconsin 1 $ 17,000 $ 17,000 $ 0
Racine, Wisconsin 1 $ 106,000 $ 106,000 $ 38,000

Mortgage Loan Application Detail Totals for Reverse Mortgage Solutions Inc in 2016

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 373 $66,442,000 $178,000 $538,000 $20,000 $206,000
Home Purchase 266 $46,553,000 $175,000 $416,000 $15,000 $215,000
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
Not applicable 313 $52,377,000 $167,000 $444,000 $0 $41,000
White 255 $46,784,000 $183,000 $538,000 $36,000 $215,000
Black or African American 30 $3,893,000 $129,000 $384,000 $33,000 $96,000
Hispanic 22 $4,444,000 $202,000 $377,000 $37,000 $93,000
Asian 10 $3,225,000 $322,000 $432,000 $32,000 $85,000
Not Provided 7 $1,969,000 $281,000 $370,000 $44,000 $89,000
American Indian or Alaskan Native 1 $39,000 $39,000 $39,000 $37,000 $37,000
Native Hawaiin or Other Pacific Islander 1 $264,000 $264,000 $264,000 $37,000 $37,000

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
FHA-insured (Federal Housing Administration) 637 $111,963,000 $175,000 $444,000 $18,000 $215,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 2 $1,032,000 $516,000 $538,000 $22,000 $29,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0
VA-guaranteed (Veterans Administration) 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 Purchased By The Institution 312 $52,223,000 $167,000 $444,000 $0 $0
Loan Originated 184 $35,843,000 $194,000 $432,000 $37,000 $150,000
Application Denied By Financial Institution 107 $17,780,000 $166,000 $405,000 $33,000 $206,000
Application Withdrawn By Applicant 18 $3,182,000 $176,000 $370,000 $36,000 $92,000
Application Approved But Not Accepted 11 $2,420,000 $220,000 $538,000 $32,000 $57,000
File Closed For Incompleteness 7 $1,547,000 $221,000 $494,000 $53,000 $215,000
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 Reverse Mortgage Solutions Inc's 2016 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 Reverse Mortgage Solutions Inc'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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