Rose Acceptance, Inc. Mortgage Lending & HMDA Data, 2007
In 2007, Rose Acceptance, Inc. of East Lansing, MI reported 11 mortgage applications totaling $368,000, down 21% from 2006. The average application was for $33,454, and applicants reported an average income of $41,000. 0% of its applications resulted in an originated loan and 27% were denied. Its largest markets were Houston-Sugar Land-Baytown, TX (3), Birmingham-Hoover, AL (1) and Des Moines-West Des Moines, IA (1) (applications in parentheses).
| Mortgage Company & Address | Rose Acceptance, Inc. 241 East Saginaw/Po Box 980 East Lansing, MI 48826 |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 11 |
| Total Mortgage Loan Application Amount | $368,000 |
| Average Mortgage Loan Application Amount | $33,454 |
| Highest Mortgage Loan Application Amount | $75,000 |
| Average Applicant Income | $41,000 |
| Highest Applicant Income | $97,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Rose Acceptance, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| 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 | 3 | $ 193,000 | $ 64,333 | $ 48,000 |
| Birmingham-Hoover, AL | 1 | $ 26,000 | $ 26,000 | $ 72,000 |
| Des Moines-West Des Moines, IA | 1 | $ 31,000 | $ 31,000 | $ 97,000 |
| San Antonio, TX | 1 | $ 26,000 | $ 26,000 | $ 30,000 |
Mortgage Loan Application Detail Totals for Rose Acceptance, Inc. in 2007
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 | 11 | $368,000 | $33,000 | $75,000 | $41,000 | $97,000 |
| Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 Provided | 5 | $135,000 | $27,000 | $52,000 | $30,000 | $72,000 |
| White | 4 | $147,000 | $36,000 | $75,000 | $47,000 | $97,000 |
| Hispanic | 2 | $86,000 | $43,000 | $66,000 | $57,000 | $91,000 |
| 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 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 11 | $368,000 | $33,000 | $75,000 | $41,000 | $97,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 8 | $299,000 | $37,000 | $75,000 | $39,000 | $97,000 |
| Application Denied By Financial Institution | 3 | $69,000 | $23,000 | $26,000 | $48,000 | $72,000 |
| Application Approved But Not Accepted | 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 |
| 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 Application Incomplete | 1 | $26,000 | $26,000 | $26,000 | $30,000 | $30,000 |
| Credit History | 1 | $26,000 | $26,000 | $26,000 | $72,000 | $72,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $17,000 | $17,000 | $17,000 | $44,000 | $44,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Rose Acceptance, Inc.'s 2007 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 Rose Acceptance, 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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