Riverbend Home Mortgage Mortgage Lending & HMDA Data, 2008
In 2008, Riverbend Home Mortgage of Bettendorf, IA reported 238 mortgage applications totaling $21.7 million, up 36% from 2007. The average application was for $90,978, and applicants reported an average income of $39,815. 0% of its applications resulted in an originated loan and 37% were denied. Its largest markets were Davenport-Moline-Rock Island, IA-IL (9), Dubuque, IA (4) and Iowa City, IA (3) (applications in parentheses).
| Mortgage Company & Address | Riverbend Home Mortgage 1991 Spruce Hills Dr Bettendorf, IA 52722 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 238 |
| Total Mortgage Loan Application Amount | $21,653,000 |
| Average Mortgage Loan Application Amount | $90,978 |
| Highest Mortgage Loan Application Amount | $227,000 |
| Average Applicant Income | $39,815 |
| Highest Applicant Income | $136,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Riverbend Home Mortgage filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Detail Totals for Riverbend Home Mortgage in 2008
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 | 190 | $16,177,000 | $85,000 | $227,000 | $38,000 | $136,000 |
| Refinancing | 48 | $5,476,000 | $114,000 | $227,000 | $47,000 | $121,000 |
| 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 | 161 | $15,164,000 | $94,000 | $227,000 | $43,000 | $136,000 |
| Hispanic | 42 | $3,259,000 | $77,000 | $155,000 | $36,000 | $88,000 |
| Not Provided | 29 | $2,784,000 | $96,000 | $186,000 | $29,000 | $104,000 |
| Asian | 3 | $210,000 | $70,000 | $85,000 | $23,000 | $50,000 |
| Black or African American | 3 | $236,000 | $78,000 | $99,000 | $24,000 | $32,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 118 | $10,526,000 | $89,000 | $227,000 | $33,000 | $121,000 |
| FHA-insured (Federal Housing Administration) | 110 | $10,270,000 | $93,000 | $225,000 | $46,000 | $136,000 |
| VA-guaranteed (Veterans Administration) | 7 | $668,000 | $95,000 | $153,000 | $45,000 | $61,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $189,000 | $63,000 | $86,000 | $36,000 | $48,000 |
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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 88 | $8,055,000 | $91,000 | $227,000 | $37,000 | $121,000 |
| Preapproval Denied by Financial Institution | 88 | $7,342,000 | $83,000 | $197,000 | $36,000 | $131,000 |
| Preapproval Approved but not Accepted | 52 | $4,847,000 | $93,000 | $227,000 | $43,000 | $136,000 |
| Application Approved But Not Accepted | 10 | $1,409,000 | $140,000 | $205,000 | $63,000 | $102,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Originated | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 | 165 | $14,054,000 | $85,000 | $227,000 | $35,000 | $131,000 |
| Debt-To-Income Ratio | 4 | $455,000 | $113,000 | $186,000 | $61,000 | $104,000 |
| Unverifiable Information | 2 | $141,000 | $70,000 | $91,000 | $37,000 | $63,000 |
| Other | 1 | $180,000 | $180,000 | $180,000 | $75,000 | $75,000 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Riverbend Home Mortgage's 2008 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 Riverbend Home Mortgage'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 Iowa, download the full spreadsheet
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