Finance of America Reverse LLC Mortgage Lending & HMDA Data, 2016

In 2016, Finance of America Reverse LLC of Tulsa, OK reported 1,254 mortgage applications totaling $406.4 million, down 29% from 2015. The average application was for $324,044, and applicants reported an average income of $0. 35% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (111), Riverside-San Bernardino-Ontario, CA (63) and San Francisco-Redwood City-South San Francisco, CA (58) (applications in parentheses).

Mortgage Company & Address Finance of America Reverse LLC
8023 East 63rd Place, Suite 700
Tulsa, OK 74133
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  
Total Number of Mortgage Applications 1,254
Total Mortgage Loan Application Amount $406,352,000
Average Mortgage Loan Application Amount $324,044
Highest Mortgage Loan Application Amount $2,600,000
Average Applicant Income $0
Highest Applicant Income $0

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records Finance of America Reverse LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Los Angeles-Long Beach-Glendale, CA 111 $ 71,894,000 $ 647,693 $ 0
Riverside-San Bernardino-Ontario, CA 63 $ 13,163,000 $ 208,936 $ 0
San Francisco-Redwood City-South San Francisco, CA 58 $ 41,755,000 $ 719,913 $ 0
Phoenix-Mesa-Scottsdale, AZ 48 $ 8,146,000 $ 169,708 $ 0
San Diego-Carlsbad, CA 47 $ 21,355,000 $ 454,361 $ 0
Denver-Aurora-Lakewood, CO 43 $ 9,249,000 $ 215,093 $ 0
Anaheim-Santa Ana-Irvine, CA 42 $ 22,884,000 $ 544,857 $ 0
San Jose-Sunnyvale-Santa Clara, CA 39 $ 30,053,000 $ 770,589 $ 0
New York-Jersey City-White Plains, NY-NJ 35 $ 10,583,000 $ 302,371 $ 0
Oakland-Hayward-Berkeley, CA 30 $ 13,101,000 $ 436,700 $ 0
Dallas-Plano-Irving, TX 25 $ 4,100,000 $ 164,000 $ 0
Austin-Round Rock, TX 21 $ 3,503,000 $ 166,809 $ 0
Houston-The Woodlands-Sugar Land, TX 19 $ 3,344,000 $ 176,000 $ 0
Miami-Miami Beach-Kendall, FL 18 $ 10,295,000 $ 571,944 $ 0
Portland-Vancouver-Hillsboro, OR-WA 18 $ 3,684,000 $ 204,666 $ 0
St. George, UT 18 $ 3,669,000 $ 203,833 $ 0
Charleston-North Charleston, SC 16 $ 3,455,000 $ 215,937 $ 0
Seattle-Bellevue-Everett, WA 16 $ 3,976,000 $ 248,500 $ 0
Virginia Beach-Norfolk-Newport News, VA-NC 16 $ 2,966,000 $ 185,375 $ 0
Albuquerque, NM 12 $ 1,538,000 $ 128,166 $ 0
Myrtle Beach-Conway-North Myrtle Beach, SC-NC 11 $ 1,439,000 $ 130,818 $ 0
Fort Worth-Arlington, TX 10 $ 1,076,000 $ 107,600 $ 0
Nassau County-Suffolk County, NY 10 $ 2,530,000 $ 253,000 $ 0
Bakersfield, CA 9 $ 1,063,000 $ 118,111 $ 0
Deltona-Daytona Beach-Ormond Beach, FL 9 $ 1,951,000 $ 216,777 $ 0
Orlando-Kissimmee-Sanford, FL 9 $ 1,797,000 $ 199,666 $ 0
Bridgeport-Stamford-Norwalk, CT 8 $ 5,111,000 $ 638,875 $ 0
Oxnard-Thousand Oaks-Ventura, CA 8 $ 2,706,000 $ 338,250 $ 0
Sacramento--Roseville--Arden-Arcade, CA 8 $ 1,659,000 $ 207,375 $ 0
Urban Honolulu, HI 8 $ 4,221,000 $ 527,625 $ 0
Washington-Arlington-Alexandria, DC-VA-MD-WV 8 $ 1,464,000 $ 183,000 $ 0
San Antonio-New Braunfels, TX 7 $ 1,262,000 $ 180,285 $ 0
San Rafael, CA 7 $ 5,542,000 $ 791,714 $ 0
West Palm Beach-Boca Raton-Delray Beach, FL 7 $ 2,366,000 $ 338,000 $ 0
Atlanta-Sandy Springs-Roswell, GA 6 $ 1,051,000 $ 175,166 $ 0
Baltimore-Columbia-Towson, MD 6 $ 911,000 $ 151,833 $ 0
Cambridge-Newton-Framingham, MA 6 $ 1,251,000 $ 208,500 $ 0
Chicago-Naperville-Arlington Heights, IL 6 $ 1,726,000 $ 287,666 $ 0
Hilton Head Island-Bluffton-Beaufort, SC 6 $ 1,871,000 $ 311,833 $ 0
Las Vegas-Henderson-Paradise, NV 6 $ 1,044,000 $ 174,000 $ 0
Louisville/Jefferson County, KY-IN 6 $ 544,000 $ 90,666 $ 0
North Port-Sarasota-Bradenton, FL 6 $ 1,814,000 $ 302,333 $ 0
Ocala, FL 6 $ 586,000 $ 97,666 $ 0
Santa Maria-Santa Barbara, CA 6 $ 6,879,000 $ 1,146,500 $ 0
Tacoma-Lakewood, WA 6 $ 1,203,000 $ 200,500 $ 0
Vallejo-Fairfield, CA 6 $ 1,656,000 $ 276,000 $ 0
Boise City, ID 5 $ 706,000 $ 141,200 $ 0
Cape Coral-Fort Myers, FL 5 $ 1,969,000 $ 393,800 $ 0
Charlotte-Concord-Gastonia, NC-SC 5 $ 690,000 $ 138,000 $ 0
Charlottesville, VA 5 $ 774,000 $ 154,800 $ 0
New Orleans-Metairie, LA 5 $ 793,000 $ 158,600 $ 0
Raleigh, NC 5 $ 726,000 $ 145,200 $ 0
Tulsa, OK 5 $ 585,000 $ 117,000 $ 0
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 4 $ 744,000 $ 186,000 $ 0
Knoxville, TN 4 $ 606,000 $ 151,500 $ 0
Medford, OR 4 $ 777,000 $ 194,250 $ 0
Minneapolis-St. Paul-Bloomington, MN-WI 4 $ 784,000 $ 196,000 $ 0
Modesto, CA 4 $ 818,000 $ 204,500 $ 0
Philadelphia, PA 4 $ 684,000 $ 171,000 $ 0
Providence-Warwick, RI-MA 4 $ 1,215,000 $ 303,750 $ 0
Richmond, VA 4 $ 534,000 $ 133,500 $ 0
Salinas, CA 4 $ 2,341,000 $ 585,250 $ 0
The Villages, FL 4 $ 926,000 $ 231,500 $ 0
Baton Rouge, LA 3 $ 373,000 $ 124,333 $ 0
Bremerton-Silverdale, WA 3 $ 815,000 $ 271,666 $ 0
Chattanooga, TN-GA 3 $ 509,000 $ 169,666 $ 0
Colorado Springs, CO 3 $ 428,000 $ 142,666 $ 0
Fayetteville-Springdale-Rogers, AR-MO 3 $ 350,000 $ 116,666 $ 0
Fort Collins, CO 3 $ 469,000 $ 156,333 $ 0
Greenville-Anderson-Mauldin, SC 3 $ 380,000 $ 126,666 $ 0
Indianapolis-Carmel-Anderson, IN 3 $ 328,000 $ 109,333 $ 0
Kahului-Wailuku-Lahaina, HI 3 $ 958,000 $ 319,333 $ 0
Kansas City, MO-KS 3 $ 331,000 $ 110,333 $ 0
Newark, NJ-PA 3 $ 340,000 $ 113,333 $ 0
Oklahoma City, OK 3 $ 534,000 $ 178,000 $ 0
Palm Bay-Melbourne-Titusville, FL 3 $ 284,000 $ 94,666 $ 0
Pittsburgh, PA 3 $ 203,000 $ 67,666 $ 0
Prescott, AZ 3 $ 333,000 $ 111,000 $ 0
Roanoke, VA 3 $ 417,000 $ 139,000 $ 0
Rochester, NY 3 $ 371,000 $ 123,666 $ 0
San Luis Obispo-Paso Robles-Arroyo Grande, CA 3 $ 1,855,000 $ 618,333 $ 0
Santa Cruz-Watsonville, CA 3 $ 1,311,000 $ 437,000 $ 0
Santa Fe, NM 3 $ 777,000 $ 259,000 $ 0
Santa Rosa, CA 3 $ 1,569,000 $ 523,000 $ 0
Silver Spring-Frederick-Rockville, MD 3 $ 450,000 $ 150,000 $ 0
Tampa-St. Petersburg-Clearwater, FL 3 $ 429,000 $ 143,000 $ 0
Tucson, AZ 3 $ 292,000 $ 97,333 $ 0
Wilmington, DE-MD-NJ 3 $ 390,000 $ 130,000 $ 0
Allentown-Bethlehem-Easton, PA-NJ 2 $ 311,000 $ 155,500 $ 0
Asheville, NC 2 $ 393,000 $ 196,500 $ 0
Barnstable Town, MA 2 $ 655,000 $ 327,500 $ 0
Beaumont-Port Arthur, TX 2 $ 137,000 $ 68,500 $ 0
Birmingham-Hoover, AL 2 $ 262,000 $ 131,000 $ 0
Boston, MA 2 $ 321,000 $ 160,500 $ 0
Camden, NJ 2 $ 217,000 $ 108,500 $ 0
Columbus, OH 2 $ 175,000 $ 87,500 $ 0
Durham-Chapel Hill, NC 2 $ 603,000 $ 301,500 $ 0
El Paso, TX 2 $ 113,000 $ 56,500 $ 0
Gainesville, FL 2 $ 286,000 $ 143,000 $ 0
Greeley, CO 2 $ 415,000 $ 207,500 $ 0
Greensboro-High Point, NC 2 $ 163,000 $ 81,500 $ 0
Hartford-West Hartford-East Hartford, CT 2 $ 168,000 $ 84,000 $ 0
Homosassa Springs, FL 2 $ 155,000 $ 77,500 $ 0
Lake County-Kenosha County, IL-WI 2 $ 557,000 $ 278,500 $ 0
Lakeland-Winter Haven, FL 2 $ 320,000 $ 160,000 $ 0
Las Cruces, NM 2 $ 279,000 $ 139,500 $ 0
Little Rock-North Little Rock-Conway, AR 2 $ 163,000 $ 81,500 $ 0
Lynchburg, VA 2 $ 267,000 $ 133,500 $ 0
Merced, CA 2 $ 439,000 $ 219,500 $ 0
Milwaukee-Waukesha-West Allis, WI 2 $ 536,000 $ 268,000 $ 0
Montgomery County-Bucks County-Chester County, PA 2 $ 327,000 $ 163,500 $ 0
New Haven-Milford, CT 2 $ 161,000 $ 80,500 $ 0
Omaha-Council Bluffs, NE-IA 2 $ 105,000 $ 52,500 $ 0
Port St. Lucie, FL 2 $ 189,000 $ 94,500 $ 0
Punta Gorda, FL 2 $ 235,000 $ 117,500 $ 0
Redding, CA 2 $ 844,000 $ 422,000 $ 0
Reno, NV 2 $ 295,000 $ 147,500 $ 0
Salt Lake City, UT 2 $ 302,000 $ 151,000 $ 0
San Juan-Caguas-Guaynabo, PR 2 $ 246,000 $ 123,000 $ 0
St. Louis, MO-IL 2 $ 354,000 $ 177,000 $ 0
Staunton-Waynesboro, VA 2 $ 324,000 $ 162,000 $ 0
Stockton-Lodi, CA 2 $ 474,000 $ 237,000 $ 0
Trenton, NJ 2 $ 1,608,000 $ 804,000 $ 0
Visalia-Porterville, CA 2 $ 159,000 $ 79,500 $ 0
Warren-Troy-Farmington Hills, MI 2 $ 129,000 $ 64,500 $ 0
Wilmington, NC 2 $ 236,000 $ 118,000 $ 0
Winston-Salem, NC 2 $ 290,000 $ 145,000 $ 0
Worcester, MA-CT 2 $ 431,000 $ 215,500 $ 0
Alexandria, LA 1 $ 97,000 $ 97,000 $ 0
Atlantic City-Hammonton, NJ 1 $ 119,000 $ 119,000 $ 0
Augusta-Richmond County, GA-SC 1 $ 326,000 $ 326,000 $ 0
Bellingham, WA 1 $ 207,000 $ 207,000 $ 0
Bend-Redmond, OR 1 $ 186,000 $ 186,000 $ 0
Boulder, CO 1 $ 206,000 $ 206,000 $ 0
Casper, WY 1 $ 208,000 $ 208,000 $ 0
Cincinnati, OH-KY-IN 1 $ 74,000 $ 74,000 $ 0
Cleveland-Elyria, OH 1 $ 137,000 $ 137,000 $ 0
Coeur D'Alene, ID 1 $ 120,000 $ 120,000 $ 0
Columbia, SC 1 $ 107,000 $ 107,000 $ 0
Corpus Christi, TX 1 $ 121,000 $ 121,000 $ 0
Crestview-Fort Walton Beach-Destin, FL 1 $ 900,000 $ 900,000 $ 0
Daphne-Fairhope-Foley, AL 1 $ 321,000 $ 321,000 $ 0
Davenport-Moline-Rock Island, IA-IL 1 $ 230,000 $ 230,000 $ 0
Dayton, OH 1 $ 303,000 $ 303,000 $ 0
Des Moines-West Des Moines, IA 1 $ 108,000 $ 108,000 $ 0
Dover, DE 1 $ 131,000 $ 131,000 $ 0
East Stroudsburg, PA 1 $ 288,000 $ 288,000 $ 0
Erie, PA 1 $ 51,000 $ 51,000 $ 0
Eugene, OR 1 $ 156,000 $ 156,000 $ 0
Farmington, NM 1 $ 80,000 $ 80,000 $ 0
Flint, MI 1 $ 87,000 $ 87,000 $ 0
Fresno, CA 1 $ 196,000 $ 196,000 $ 0
Glens Falls, NY 1 $ 155,000 $ 155,000 $ 0
Grand Junction, CO 1 $ 203,000 $ 203,000 $ 0
Hammond, LA 1 $ 89,000 $ 89,000 $ 0
Harrisburg-Carlisle, PA 1 $ 96,000 $ 96,000 $ 0
Hickory-Lenoir-Morganton, NC 1 $ 153,000 $ 153,000 $ 0
Huntington-Ashland, WV-KY-OH 1 $ 174,000 $ 174,000 $ 0
Huntsville, AL 1 $ 20,000 $ 20,000 $ 0
Iowa City, IA 1 $ 142,000 $ 142,000 $ 0
Ithaca, NY 1 $ 155,000 $ 155,000 $ 0
Jackson, MS 1 $ 66,000 $ 66,000 $ 0
Jackson, TN 1 $ 43,000 $ 43,000 $ 0
Jacksonville, FL 1 $ 185,000 $ 185,000 $ 0
Kalamazoo-Portage, MI 1 $ 70,000 $ 70,000 $ 0
Kennewick-Richland, WA 1 $ 211,000 $ 211,000 $ 0
Kingsport-Bristol-Bristol, TN-VA 1 $ 91,000 $ 91,000 $ 0
Kokomo, IN 1 $ 118,000 $ 118,000 $ 0
Lewiston-Auburn, ME 1 $ 54,000 $ 54,000 $ 0
Logan, UT-ID 1 $ 197,000 $ 197,000 $ 0
Lubbock, TX 1 $ 82,000 $ 82,000 $ 0
Madera, CA 1 $ 158,000 $ 158,000 $ 0
Manchester-Nashua, NH 1 $ 70,000 $ 70,000 $ 0
Mankato-North Mankato, MN 1 $ 132,000 $ 132,000 $ 0
McAllen-Edinburg-Mission, TX 1 $ 82,000 $ 82,000 $ 0
Memphis, TN-MS-AR 1 $ 136,000 $ 136,000 $ 0
Michigan City-La Porte, IN 1 $ 79,000 $ 79,000 $ 0
Midland, TX 1 $ 86,000 $ 86,000 $ 0
Napa, CA 1 $ 696,000 $ 696,000 $ 0
Naples-Immokalee-Marco Island, FL 1 $ 421,000 $ 421,000 $ 0
Nashville-Davidson--Murfreesboro--Franklin, TN 1 $ 365,000 $ 365,000 $ 0
Ocean City, NJ 1 $ 314,000 $ 314,000 $ 0
Odessa, TX 1 $ 162,000 $ 162,000 $ 0
Ogden-Clearfield, UT 1 $ 101,000 $ 101,000 $ 0
Olympia-Tumwater, WA 1 $ 185,000 $ 185,000 $ 0
Pensacola-Ferry Pass-Brent, FL 1 $ 328,000 $ 328,000 $ 0
Portland-South Portland, ME 1 $ 77,000 $ 77,000 $ 0
Provo-Orem, UT 1 $ 141,000 $ 141,000 $ 0
Pueblo, CO 1 $ 112,000 $ 112,000 $ 0
Reading, PA 1 $ 28,000 $ 28,000 $ 0
Rockingham County-Strafford County, NH 1 $ 162,000 $ 162,000 $ 0
Rocky Mount, NC 1 $ 128,000 $ 128,000 $ 0
Savannah, GA 1 $ 129,000 $ 129,000 $ 0
Shreveport-Bossier City, LA 1 $ 97,000 $ 97,000 $ 0
Spokane-Spokane Valley, WA 1 $ 85,000 $ 85,000 $ 0
Tyler, TX 1 $ 99,000 $ 99,000 $ 0
Wichita, KS 1 $ 44,000 $ 44,000 $ 0
Winchester, VA-WV 1 $ 158,000 $ 158,000 $ 0
York-Hanover, PA 1 $ 78,000 $ 78,000 $ 0
Yuba City, CA 1 $ 100,000 $ 100,000 $ 0

Mortgage Loan Application Detail Totals for Finance of America Reverse LLC 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 972 $356,510,000 $366,000 $2,600,000 $0 $0
Home Purchase 282 $49,842,000 $176,000 $748,000 $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
White 1,001 $335,326,000 $334,000 $2,600,000 $0 $0
Black or African American 93 $23,724,000 $255,000 $1,125,000 $0 $0
Hispanic 86 $20,884,000 $242,000 $950,000 $0 $0
Not Provided 33 $11,401,000 $345,000 $1,125,000 $0 $0
Asian 30 $12,004,000 $400,000 $1,176,000 $0 $0
Native Hawaiin or Other Pacific Islander 7 $2,459,000 $351,000 $700,000 $0 $0
American Indian or Alaskan Native 4 $554,000 $138,000 $171,000 $0 $0
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) 990 $190,351,000 $192,000 $466,000 $0 $0
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 264 $216,001,000 $818,000 $2,600,000 $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
Loan Originated 439 $187,735,000 $427,000 $2,600,000 $0 $0
Loan Purchased By The Institution 389 $73,547,000 $189,000 $416,000 $0 $0
Application Approved But Not Accepted 197 $66,229,000 $336,000 $2,250,000 $0 $0
Application Withdrawn By Applicant 78 $30,260,000 $387,000 $2,250,000 $0 $0
File Closed For Incompleteness 76 $23,358,000 $307,000 $1,125,000 $0 $0
Application Denied By Financial Institution 75 $25,223,000 $336,000 $1,415,000 $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
Other 3 $652,000 $217,000 $298,000 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0
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

Our comprehensive HMDA mortgage statistics provide invaluable insights into Finance of America Reverse LLC'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 Finance of America Reverse LLC'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 Oklahoma, download the full spreadsheet with aggregated HMDA statistics today.

Download the Oklahoma Lender List