Reverse Mortgage USA, Inc. Mortgage Lending & HMDA Data, 2012

In 2012, Reverse Mortgage USA, Inc. of Austin, TX reported 1,883 mortgage applications totaling $202.6 million, up 113% from 2011. The average application was for $107,584, and applicants reported an average income of $22,000. 67% of its applications resulted in an originated loan and 29% were denied. Its largest markets were Houston-Sugar Land-Baytown, TX (162), Dallas-Plano-Irving, TX (66) and San Antonio-New Braunfels, TX (59) (applications in parentheses).

Mortgage Company & Address Reverse Mortgage USA, Inc.
6500 River Place Blvd, Bldg 1, Ste 425
Austin, TX 78730
Tel #: available with data download
Federal Regulator * available with data download
Years 2012  2011  
Total Number of Mortgage Applications 1,883
Total Mortgage Loan Application Amount $202,582,000
Average Mortgage Loan Application Amount $107,584
Highest Mortgage Loan Application Amount $561,000
Average Applicant Income $22,000
Highest Applicant Income $240,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Reverse Mortgage USA, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 USA, Inc. by Metropolitan Area in 2012

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Houston-Sugar Land-Baytown, TX 162 $ 15,278,000 $ 94,308 $ 21,000
Dallas-Plano-Irving, TX 66 $ 7,637,000 $ 115,712 $ 32,000
San Antonio-New Braunfels, TX 59 $ 6,275,000 $ 106,355 $ 22,000
Austin-Round Rock-San Marcos, TX 43 $ 6,335,000 $ 147,325 $ 27,000
Fort Worth-Arlington, TX 39 $ 4,488,000 $ 115,076 $ 26,000
Charlotte-Gastonia-Rock Hill, NC-SC 34 $ 2,421,000 $ 71,205 $ 17,176
Oklahoma City, OK 34 $ 3,245,000 $ 95,441 $ 16,000
Lubbock, TX 33 $ 2,588,000 $ 78,424 $ 22,000
Nashville-Davidson--Murfreesboro--Franklin, TN 32 $ 3,303,000 $ 103,218 $ 15,000
Salt Lake City, UT 31 $ 5,682,000 $ 183,290 $ 38,000
Birmingham-Hoover, AL 26 $ 2,404,000 $ 92,461 $ 18,000
Little Rock-North Little Rock-Conway, AR 26 $ 2,129,000 $ 81,884 $ 21,000
Louisville/Jefferson County, KY-IN 24 $ 2,400,000 $ 100,000 $ 21,000
Seattle-Bellevue-Everett, WA 23 $ 5,385,000 $ 234,130 $ 28,000
Mobile, AL 22 $ 1,739,000 $ 79,045 $ 21,000
Greenville-Mauldin-Easley, SC 21 $ 1,674,000 $ 79,714 $ 16,000
Portland-Vancouver-Hillsboro, OR-WA 21 $ 3,192,000 $ 152,000 $ 26,571
Greensboro-High Point, NC 20 $ 2,140,000 $ 107,000 $ 23,000
Jackson, MS 20 $ 1,845,000 $ 92,250 $ 24,000
New Orleans-Metairie-Kenner, LA 20 $ 1,863,000 $ 93,150 $ 15,000
Ogden-Clearfield, UT 20 $ 3,829,000 $ 191,450 $ 50,000
Waco, TX 20 $ 1,830,000 $ 91,500 $ 22,000
Charleston, WV 18 $ 1,922,000 $ 106,777 $ 18,000
Knoxville, TN 18 $ 1,805,000 $ 100,277 $ 18,000
Charleston-North Charleston-Summerville, SC 17 $ 1,638,000 $ 96,352 $ 21,000
Columbia, SC 17 $ 1,156,000 $ 68,000 $ 14,000
Longview, TX 16 $ 1,371,000 $ 85,687 $ 29,000
Pittsburgh, PA 16 $ 1,375,000 $ 85,937 $ 20,000
Asheville, NC 15 $ 1,752,000 $ 116,800 $ 20,000
Baton Rouge, LA 15 $ 1,321,000 $ 88,066 $ 19,000
Beaumont-Port Arthur, TX 15 $ 1,017,000 $ 67,800 $ 23,000
Des Moines-West Des Moines, IA 15 $ 1,437,000 $ 95,800 $ 21,000
Killeen-Temple-Fort Hood, TX 15 $ 1,321,000 $ 88,066 $ 45,000
Provo-Orem, UT 15 $ 2,643,000 $ 176,200 $ 36,000
Tacoma, WA 15 $ 2,335,000 $ 155,666 $ 25,000
Tyler, TX 15 $ 2,118,000 $ 141,200 $ 26,000
Memphis, TN-MS-AR 14 $ 1,378,000 $ 98,428 $ 18,714
Raleigh-Cary, NC 13 $ 1,640,000 $ 126,153 $ 22,000
Tulsa, OK 13 $ 1,351,000 $ 103,923 $ 16,000
Wilmington, NC 13 $ 1,506,000 $ 115,846 $ 13,000
McAllen-Edinburg-Mission, TX 12 $ 949,000 $ 79,083 $ 22,000
Bremerton-Silverdale, WA 10 $ 1,781,000 $ 178,100 $ 37,000
Gulfport-Biloxi, MS 10 $ 751,000 $ 75,100 $ 15,000
Huntsville, AL 10 $ 958,000 $ 95,800 $ 23,000
Omaha-Council Bluffs, NE-IA 10 $ 1,012,000 $ 101,200 $ 13,000
Winston-Salem, NC 10 $ 962,000 $ 96,200 $ 34,000
Amarillo, TX 9 $ 674,000 $ 74,888 $ 38,000
El Paso, TX 9 $ 708,000 $ 78,666 $ 18,000
Indianapolis-Carmel, IN 9 $ 829,000 $ 92,111 $ 20,000
Myrtle Beach-North Myrtle Beach-Conway, SC 9 $ 895,000 $ 99,444 $ 23,000
Anderson, SC 8 $ 1,431,000 $ 178,875 $ 15,000
Florence-Muscle Shoals, AL 8 $ 728,000 $ 91,000 $ 22,000
Montgomery, AL 8 $ 656,000 $ 82,000 $ 11,000
San Angelo, TX 8 $ 570,000 $ 71,250 $ 17,000
Spartanburg, SC 8 $ 595,000 $ 74,375 $ 12,000
Burlington, NC 7 $ 603,000 $ 86,142 $ 21,000
Augusta-Richmond County, GA-SC 6 $ 553,000 $ 92,166 $ 15,000
Brownsville-Harlingen, TX 6 $ 430,000 $ 71,666 $ 11,000
Cincinnati-Middletown, OH-KY-IN 6 $ 673,000 $ 112,166 $ 33,000
College Station-Bryan, TX 6 $ 606,000 $ 101,000 $ 21,000
Kingsport-Bristol-Bristol, TN-VA 6 $ 481,000 $ 80,166 $ 17,000
Sherman-Denison, TX 6 $ 410,000 $ 68,333 $ 13,000
Spokane, WA 6 $ 568,000 $ 94,666 $ 12,000
Wichita Falls, TX 6 $ 475,000 $ 79,166 $ 18,000
Chattanooga, TN-GA 5 $ 586,000 $ 117,200 $ 19,000
Florence, SC 5 $ 366,000 $ 73,200 $ 16,000
Hot Springs, AR 5 $ 632,000 $ 126,400 $ 19,000
Morristown, TN 5 $ 495,000 $ 99,000 $ 24,000
Parkersburg-Marietta-Vienna, WV-OH 5 $ 566,000 $ 113,200 $ 11,000
Pascagoula, MS 5 $ 526,000 $ 105,200 $ 44,000
St. George, UT 5 $ 790,000 $ 158,000 $ 30,000
Waterloo-Cedar Falls, IA 5 $ 372,000 $ 74,400 $ 15,000
Abilene, TX 4 $ 402,000 $ 100,500 $ 26,000
Cedar Rapids, IA 4 $ 330,000 $ 82,500 $ 17,000
Dothan, AL 4 $ 478,000 $ 119,500 $ 57,000
Durham-Chapel Hill, NC 4 $ 235,000 $ 58,750 $ 14,000
Fayetteville, NC 4 $ 286,000 $ 71,500 $ 25,000
Goldsboro, NC 4 $ 362,000 $ 90,500 $ 0
Huntington-Ashland, WV-KY-OH 4 $ 454,000 $ 113,500 $ 9,000
Jacksonville, NC 4 $ 725,000 $ 181,250 $ 11,000
Lexington-Fayette, KY 4 $ 395,000 $ 98,750 $ 4,000
Odessa, TX 4 $ 463,000 $ 115,750 $ 16,000
Olympia, WA 4 $ 565,000 $ 141,250 $ 15,000
Pine Bluff, AR 4 $ 292,000 $ 73,000 $ 35,000
Salem, OR 4 $ 441,000 $ 110,250 $ 24,000
Sumter, SC 4 $ 272,000 $ 68,000 $ 5,000
Wheeling, WV-OH 4 $ 277,000 $ 69,250 $ 3,000
Alexandria, LA 3 $ 307,000 $ 102,333 $ 28,000
Anniston-Oxford, AL 3 $ 216,000 $ 72,000 $ 27,000
Bellingham, WA 3 $ 572,000 $ 190,666 $ 26,000
Bloomington, IN 3 $ 221,000 $ 73,666 $ 3,000
Clarksville, TN-KY 3 $ 383,000 $ 127,666 $ 20,000
Decatur, AL 3 $ 230,000 $ 76,666 $ 5,000
Fayetteville-Springdale-Rogers, AR-MO 3 $ 171,000 $ 57,000 $ 8,000
Iowa City, IA 3 $ 351,000 $ 117,000 $ 0
Jonesboro, AR 3 $ 258,000 $ 86,000 $ 7,000
Lafayette, IN 3 $ 220,000 $ 73,333 $ 0
Lake Charles, LA 3 $ 268,000 $ 89,333 $ 23,000
Midland, TX 3 $ 352,000 $ 117,333 $ 44,000
Minneapolis-St. Paul-Bloomington, MN-WI 3 $ 267,000 $ 89,000 $ 20,000
Morgantown, WV 3 $ 280,000 $ 93,333 $ 0
Mount Vernon-Anacortes, WA 3 $ 349,000 $ 116,333 $ 16,000
Orlando-Kissimmee-Sanford, FL 3 $ 517,000 $ 172,333 $ 23,000
Shreveport-Bossier City, LA 3 $ 620,000 $ 206,666 $ 29,000
South Bend-Mishawaka, IN-MI 3 $ 160,000 $ 53,333 $ 6,000
Victoria, TX 3 $ 354,000 $ 118,000 $ 18,000
West Palm Beach-Boca Raton-Boynton Beach, FL 3 $ 740,000 $ 246,666 $ 36,000
Altoona, PA 2 $ 143,000 $ 71,500 $ 23,000
Davenport-Moline-Rock Island, IA-IL 2 $ 139,000 $ 69,500 $ 13,000
Eugene-Springfield, OR 2 $ 437,000 $ 218,500 $ 24,000
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 2 $ 204,000 $ 102,000 $ 15,000
Fort Smith, AR-OK 2 $ 149,000 $ 74,500 $ 21,000
Fort Wayne, IN 2 $ 169,000 $ 84,500 $ 0
Gadsden, AL 2 $ 333,000 $ 166,500 $ 60,000
Hagerstown-Martinsburg, MD-WV 2 $ 202,000 $ 101,000 $ 24,000
Hattiesburg, MS 2 $ 125,000 $ 62,500 $ 9,000
Hickory-Lenoir-Morganton, NC 2 $ 151,000 $ 75,500 $ 27,000
Jackson, TN 2 $ 204,000 $ 102,000 $ 31,000
Johnson City, TN 2 $ 287,000 $ 143,500 $ 49,000
Kennewick-Pasco-Richland, WA 2 $ 218,000 $ 109,000 $ 6,000
Lake County-Kenosha County, IL-WI 2 $ 146,000 $ 73,000 $ 24,000
Logan, UT-ID 2 $ 458,000 $ 229,000 $ 33,000
Milwaukee-Waukesha-West Allis, WI 2 $ 186,000 $ 93,000 $ 7,000
Muncie, IN 2 $ 147,000 $ 73,500 $ 18,000
North Port-Bradenton-Sarasota, FL 2 $ 529,000 $ 264,500 $ 29,000
Ocala, FL 2 $ 195,000 $ 97,500 $ 10,000
Panama City-Lynn Haven-Panama City Beach, FL 2 $ 190,000 $ 95,000 $ 36,000
Punta Gorda, FL 2 $ 133,000 $ 66,500 $ 7,000
Riverside-San Bernardino-Ontario, CA 2 $ 519,000 $ 259,500 $ 27,000
Sebastian-Vero Beach, FL 2 $ 387,000 $ 193,500 $ 37,000
Tampa-St. Petersburg-Clearwater, FL 2 $ 244,000 $ 122,000 $ 7,000
York-Hanover, PA 2 $ 285,000 $ 142,500 $ 40,000
Allentown-Bethlehem-Easton, PA-NJ 1 $ 112,000 $ 112,000 $ 18,000
Ames, IA 1 $ 182,000 $ 182,000 $ 16,000
Appleton, WI 1 $ 133,000 $ 133,000 $ 0
Bend, OR 1 $ 151,000 $ 151,000 $ 12,000
Bowling Green, KY 1 $ 128,000 $ 128,000 $ 31,000
Cape Coral-Fort Myers, FL 1 $ 55,000 $ 55,000 $ 0
Chico, CA 1 $ 416,000 $ 416,000 $ 0
Cleveland, TN 1 $ 88,000 $ 88,000 $ 35,000
Columbus, GA-AL 1 $ 40,000 $ 40,000 $ 15,000
Deltona-Daytona Beach-Ormond Beach, FL 1 $ 143,000 $ 143,000 $ 20,000
Dubuque, IA 1 $ 119,000 $ 119,000 $ 108,000
Elizabethtown, KY 1 $ 84,000 $ 84,000 $ 38,000
Fargo, ND-MN 1 $ 44,000 $ 44,000 $ 0
Gary, IN 1 $ 86,000 $ 86,000 $ 0
Greenville, NC 1 $ 55,000 $ 55,000 $ 0
Houma-Bayou Cane-Thibodaux, LA 1 $ 93,000 $ 93,000 $ 20,000
Jacksonville, FL 1 $ 75,000 $ 75,000 $ 0
Lafayette, LA 1 $ 73,000 $ 73,000 $ 0
Lawton, OK 1 $ 37,000 $ 37,000 $ 11,000
Longview, WA 1 $ 203,000 $ 203,000 $ 0
Los Angeles-Long Beach-Glendale, CA 1 $ 435,000 $ 435,000 $ 0
Medford, OR 1 $ 144,000 $ 144,000 $ 12,000
Miami-Miami Beach-Kendall, FL 1 $ 116,000 $ 116,000 $ 9,000
Naples-Marco Island, FL 1 $ 108,000 $ 108,000 $ 28,000
Newark-Union, NJ-PA 1 $ 208,000 $ 208,000 $ 31,000
Pensacola-Ferry Pass-Brent, FL 1 $ 179,000 $ 179,000 $ 0
Philadelphia, PA 1 $ 125,000 $ 125,000 $ 0
Port St. Lucie, FL 1 $ 122,000 $ 122,000 $ 0
Racine, WI 1 $ 86,000 $ 86,000 $ 0
Rochester, MN 1 $ 95,000 $ 95,000 $ 31,000
Sacramento--Arden-Arcade--Roseville, CA 1 $ 242,000 $ 242,000 $ 0
San Diego-Carlsbad-San Marcos, CA 1 $ 398,000 $ 398,000 $ 48,000
Santa Ana-Anaheim-Irvine, CA 1 $ 267,000 $ 267,000 $ 19,000
Scranton--Wilkes-Barre, PA 1 $ 60,000 $ 60,000 $ 0
Sioux City, IA-NE-SD 1 $ 62,000 $ 62,000 $ 0
St. Cloud, MN 1 $ 76,000 $ 76,000 $ 35,000
Terre Haute, IN 1 $ 52,000 $ 52,000 $ 0
Texarkana, Tx-Texarkana, AR 1 $ 44,000 $ 44,000 $ 0
Tuscaloosa, AL 1 $ 183,000 $ 183,000 $ 70,000
Washington-Arlington-Alexandria, DC-VA-MD-WV 1 $ 63,000 $ 63,000 $ 24,000
Wenatchee-East Wenatchee, WA 1 $ 158,000 $ 158,000 $ 48,000
Winchester, VA-WV 1 $ 92,000 $ 92,000 $ 14,000
Yakima, WA 1 $ 61,000 $ 61,000 $ 0

Mortgage Loan Application Detail Totals for Reverse Mortgage USA, Inc. in 2012

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 1,883 $202,582,000 $107,000 $561,000 $22,000 $240,000
Home Improvement 0 $0 $0 $0 $0 $0
Home Purchase 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 1,047 $118,845,000 $113,000 $457,000 $31,000 $240,000
Not Provided 602 $64,193,000 $106,000 $561,000 $4,000 $156,000
Black or African American 141 $11,132,000 $78,000 $305,000 $28,000 $124,000
Hispanic 83 $7,273,000 $87,000 $246,000 $24,000 $196,000
Asian 6 $793,000 $132,000 $347,000 $22,000 $58,000
American Indian or Alaskan Native 3 $180,000 $60,000 $72,000 $19,000 $30,000
Native Hawaiian or Other Pacific Islander 1 $166,000 $166,000 $166,000 $33,000 $33,000
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) 1,883 $202,582,000 $107,000 $561,000 $22,000 $240,000
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
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 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 1,254 $137,890,000 $109,000 $457,000 $31,000 $240,000
Application Denied By Financial Institution 550 $56,941,000 $103,000 $561,000 $1,000 $60,000
Application Approved But Not Accepted 79 $7,751,000 $98,000 $323,000 $22,000 $196,000
Application Withdrawn By Applicant 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 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 USA, Inc.'s 2012 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 USA, 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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