Residential Home Funding Corp. Mortgage Rates, Fees & Info
WHITE PLAINS, NYLEI: 5493005XCKCOIX4JMI33
Tax ID: 11-3578006
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Residential Home Funding Corp. is a smaller mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Residential Home Funding Corp. has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include New York, Miami, Baltimore, Philadelphia, and Washington among others. Residential Home Funding Corp. has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Residential Home Funding Corp. is typically a high fee lendor.Originations
1,730Origination Dollar Volume (All Markets)
$538,550,000Relative Rate
Residential Home Funding Corp.'s average 30 year fixed rate mortgage of loans were
3.19%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.04%.
Relative Fees
Residential Home Funding Corp.'s average total fees for a 30 year fixed rate
mortgage are $8,193.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 796 | $301,370,000 | $378,606 | $8,216 | 3.13% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 147 | $44,735,000 | $304,320 | $8,612 | 3.17% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 100 | $22,670,000 | $226,700 | $7,669 | 3.26% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 82 | $21,410,000 | $261,098 | $7,323 | 2.99% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 53 | $18,435,000 | $347,830 | $7,607 | 2.87% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 43 | $12,845,000 | $298,721 | $7,587 | 3.24% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 27 | $9,505,000 | $352,037 | $7,184 | 3.22% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 45 | $9,015,000 | $200,333 | $6,495 | 3.20% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 46 | $8,820,000 | $191,739 | $5,823 | 3.06% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 28 | $7,030,000 | $251,071 | $8,461 | 3.14% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 28 | $6,220,000 | $222,143 | $6,702 | 3.30% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 23 | $4,675,000 | $203,261 | $9,878 | 3.10% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 23 | $4,245,000 | $184,565 | $8,743 | 3.02% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 16 | $3,340,000 | $208,750 | $6,590 | 3.09% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 12 | $3,030,000 | $252,500 | $8,135 | 3.35% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 11 | $2,615,000 | $237,727 | $5,793 | 2.99% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 11 | $2,595,000 | $235,909 | $6,587 | 2.95% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 11 | $2,415,000 | $219,545 | $7,081 | 3.34% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 8 | $2,410,000 | $301,250 | $6,023 | 3.03% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 9 | $2,225,000 | $247,222 | $8,060 | 2.89% |
| Outside of Metro Areas | 10 | $1,990,000 | $199,000 | $7,725 | 2.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 8 | $1,970,000 | $246,250 | $8,684 | 3.16% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 8 | $1,920,000 | $240,000 | $7,287 | 2.97% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 7 | $1,835,000 | $262,143 | $6,246 | 3.14% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 4 | $1,750,000 | $437,500 | $7,867 | 3.81% |
| PITTSBURGH, PA (FHA|USDA|VA) | 7 | $1,745,000 | $249,286 | $8,041 | 2.64% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 8 | $1,660,000 | $207,500 | $7,056 | 3.09% |
| FLORENCE, SC (FHA|USDA|VA) | 8 | $1,600,000 | $200,000 | $5,812 | 3.17% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 6 | $1,570,000 | $261,667 | $7,140 | 3.13% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 4 | $1,470,000 | $367,500 | $4,723 | 2.19% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 5 | $1,465,000 | $293,000 | $7,237 | 3.08% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $1,445,000 | $289,000 | $6,782 | 3.05% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 5 | $1,245,000 | $249,000 | $8,629 | 3.32% |
| KINGSTON, NY (FHA|USDA|VA) | 5 | $1,205,000 | $241,000 | $7,208 | 2.78% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $1,015,000 | $338,333 | $7,399 | 2.63% |
| ROCHESTER, NY (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $8,623 | 3.22% |
| OCALA, FL (FHA|USDA|VA) | 5 | $915,000 | $183,000 | $6,019 | 3.38% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 4 | $900,000 | $225,000 | $4,737 | 3.47% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $8,041 | 2.71% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $7,275 | 3.25% |
| RICHMOND, VA (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $12,200 | 3.13% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $14,169 | 3.75% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $9,260 | 2.92% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $5,816 | 2.92% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $4,647 | 3.13% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $3,660 | 2.81% |
| GLENS FALLS, NY (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $6,881 | 2.96% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $4,295 | 2.88% |
| Torrington, CT (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $6,580 | 3.44% |
| Key West, FL (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $10,611 | 2.88% |
| KNOXVILLE, TN (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $8,969 | 3.63% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $5,809 | 2.50% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 4 | $520,000 | $130,000 | $5,087 | 3.16% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $6,039 | 2.38% |
| LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $8,156 | 3.46% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $7,861 | 3.00% |
| PUEBLO, CO (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $8,791 | 2.75% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $5,417 | 2.63% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $15,040 | 2.63% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $7,396 | 3.21% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $14,046 | 2.81% |
| LYNCHBURG, VA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $7,638 | 2.69% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $5,673 | 2.88% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $5,766 | 2.88% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $2,736 | 2.50% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $8,146 | 3.06% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $5,008 | 2.88% |
| READING, PA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $7,711 | 3.06% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $8,101 | 3.25% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,226 | 2.50% |
| Seneca, SC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $5,927 | 2.50% |
| Hudson, NY (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,974 | 3.25% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $6,519 | 2.38% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $4,759 | 2.75% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $11,701 | 2.75% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $10,995 | 2.25% |
| ERIE, PA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,107 | 2.88% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,507 | 3.75% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $9,948 | 2.63% |
| DOVER, DE (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $9,643 | 3.25% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,744 | 3.38% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $14,090 | 3.38% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,222 | 2.75% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $11,843 | 2.75% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,776 | 2.88% |
| Bainbridge, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $9,087 | 3.25% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,442 | 2.75% |
| Craig, CO (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $12,295 | 2.88% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $9,925 | 2.75% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,566 | 2.63% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $11,948 | 2.50% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $9,509 | 2.75% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $8,525 | 3.88% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,194 | 3.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $9,434 | 3.25% |
| Rockingham, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,119 | 2.50% |
| Indiana, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,875 | 2.50% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $8,895 | 4.13% |
| Cambridge, MD (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,248 | 2.63% |
| Tifton, GA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,017 | 2.25% |
| BINGHAMTON, NY (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $8,028 | 4.75% |
Residential Home Funding Corp.'s top markets include New York, Miami, Baltimore, Philadelphia, and Washington among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 1,272 | $410,890,000 | $323,027 | $6,704 | 3.13% |
| FHA | 370 | $103,480,000 | $279,676 | $11,525 | 3.15% |
| VA | 78 | $21,870,000 | $280,385 | $9,622 | 2.79% |
| USDA | 10 | $2,310,000 | $231,000 | $6,877 | 3.08% |
For the 2021 period, Residential Home Funding Corp.'s most frequently originated loan type of loans were Conventional, with 1,272 originations. Their 2nd most popular type is FHA, with 370 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 814 | $268,150,000 | $329,423 | $8,403 | 3.26% |
| Refi | 495 | $154,715,000 | $312,556 | $6,343 | 2.84% |
| Cash Out Refi | 421 | $115,685,000 | $274,786 | $8,638 | 3.15% |
For the 2021, Residential Home Funding Corp.'s most frequently cited loan purpose of loans were Home Purchase, with 814 originations. The 2nd most popular reason of loans were Refi, with 495 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 1,483 | $472,915,000 | $318,891 | $8,193 | 3.19% |
| 15 Year | 128 | $33,910,000 | $264,922 | $5,573 | 2.53% |
| 20 Year | 75 | $20,395,000 | $271,933 | $6,224 | 2.78% |
| Other | 35 | $8,725,000 | $249,286 | $6,888 | 2.86% |
| 10 Year | 8 | $1,740,000 | $217,500 | $3,660 | 2.31% |
| 30+ year | 1 | $865,000 | $865,000 | $15,978 | 5.38% |
For the 2021, Residential Home Funding Corp.'s most frequently cited loan length of loans were 30 Year, with 1,483 originations. The 2nd most popular length of loans were 15 Year, with 128 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 766 | $228,280,000 | $298,016 |
| $5k+ | 345 | $138,505,000 | $401,464 |
| $3k-4k | 324 | $86,680,000 | $267,531 |
| $2k-3k | 201 | $52,805,000 | $262,711 |
| $<1k | 92 | $31,280,000 | $340,000 |
$8,193 of loans were Residential Home Funding Corp.'s average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 766 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 814 | $256,340,000 | $314,914 |
| 2.5-3% | 632 | $187,710,000 | $297,009 |
| <2.5% | 199 | $63,615,000 | $319,673 |
| 4-5% | 79 | $27,825,000 | $352,215 |
| 5-6% | 4 | $2,610,000 | $652,500 |
| 6-7% | 1 | $265,000 | $265,000 |
| 7-8% | 1 | $185,000 | $185,000 |
During 2021, Residential Home Funding Corp.'s average interest rate of loans were 3.19%, while their most frequently originated rate bucket of loans were 3-4%, with 814 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 857 | $248,475,000 | $289,936 | $7,400 | 3.10% |
| $100k-200k | 449 | $71,695,000 | $159,677 | $6,501 | 3.10% |
| $400k-600k | 294 | $142,530,000 | $484,796 | $9,528 | 3.07% |
| $600k-1MM | 89 | $62,235,000 | $699,270 | $14,080 | 3.43% |
| $100,000 or less | 33 | $2,745,000 | $83,182 | $4,731 | 3.31% |
| $1MM+ | 8 | $10,870,000 | $1,358,750 | $18,777 | 3.27% |
2021 saw Residential Home Funding Corp. place emphasis on $200k-400k loans with 857 originations, totaling $248,475,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 416 | $145,630,000 | $350,072 | $8,289 | 3.09% |
| $50k-75k | 403 | $89,465,000 | $221,998 | $7,623 | 3.13% |
| $75k-100k | 333 | $97,915,000 | $294,039 | $8,129 | 3.16% |
| $150k-250k | 259 | $107,515,000 | $415,116 | $7,463 | 3.08% |
| $50k or less | 216 | $44,310,000 | $205,139 | $7,463 | 3.11% |
| $250k+ | 102 | $53,170,000 | $521,275 | $8,212 | 3.17% |
Residential Home Funding Corp. lent most frequently to those with incomes in the $100k-150k range, with 416 originations. The second most popular income band? $50k-75k, with 403 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30-36% | 322 | $99,170,000 | $307,981 | $6,862 | 3.06% |
| 20-30% | 262 | $77,940,000 | $297,481 | $6,636 | 3.00% |
| 50-60% | 152 | $42,240,000 | $277,895 | $11,445 | 3.15% |
| <20% | 110 | $36,230,000 | $329,364 | $6,632 | 3.04% |
| 48% | 81 | $27,215,000 | $335,988 | $9,196 | 3.15% |
| 44% | 76 | $23,380,000 | $307,632 | $7,146 | 3.31% |
| 43% | 72 | $24,470,000 | $339,861 | $8,650 | 3.30% |
| 42% | 71 | $24,815,000 | $349,507 | $9,101 | 3.11% |
| 41% | 64 | $19,800,000 | $309,375 | $7,582 | 3.10% |
| 38% | 61 | $18,065,000 | $296,148 | $7,874 | 3.19% |
| 40% | 58 | $17,780,000 | $306,552 | $7,345 | 3.20% |
| 49% | 56 | $17,270,000 | $308,393 | $8,169 | 3.14% |
| 39% | 54 | $16,620,000 | $307,778 | $8,044 | 3.22% |
| 47% | 53 | $16,205,000 | $305,755 | $8,359 | 3.15% |
| 37% | 52 | $16,740,000 | $321,923 | $8,745 | 3.24% |
| 45% | 51 | $16,915,000 | $331,667 | $8,677 | 3.17% |
| 36% | 50 | $15,730,000 | $314,600 | $6,803 | 3.05% |
| 46% | 42 | $12,650,000 | $301,190 | $7,934 | 3.10% |
| >60% | 9 | $4,515,000 | $501,667 | $14,419 | 3.89% |
Residential Home Funding Corp. lent most frequently to those with DTI ratios of 30-36%, with 322 originations. The next most common DTI ratio? 20-30%, with 262 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 1,234 | $384,630,000 | $311,694 | $7,510 | 3.10% |
| Black | 339 | $91,415,000 | $269,661 | $8,774 | 3.20% |
| Asian | 141 | $56,095,000 | $397,837 | $8,935 | 3.12% |
| American Indian | 8 | $3,170,000 | $396,250 | $9,185 | 3.09% |
| Not provided | 5 | $2,095,000 | $419,000 | $4,049 | 2.35% |
| Native Hawaiian | 3 | $1,145,000 | $381,667 | $7,676 | 3.08% |
Approval Rates
Total approvals of all applications95.66%
Residential Home Funding Corp. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination51.21%
Residential Home Funding Corp. has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,730 | $538,550,000 | $311,301 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1,730 | $538,550,000 | $311,301 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 54 | $12,850,000 | $237,963 | $6,064 | 2.89% |
| 40-60% | 203 | $64,615,000 | $318,300 | $6,458 | 2.85% |
| 60-80% | 710 | $225,660,000 | $317,831 | $7,362 | 3.14% |
| 80-100% | 754 | $232,250,000 | $308,024 | $8,765 | 3.18% |
| Over 100% | 8 | $2,790,000 | $348,750 | $15,719 | 3.14% |
| Under 20% | 1 | $385,000 | $385,000 | $15,508 | 3.63% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| RESIDENTIAL HOME FUNDING CORP. | Conventional home mortgage | Closing on a mortgage | 1 | 25.0% |
| RESIDENTIAL HOME FUNDING CORP. | Reverse mortgage | Closing on a mortgage | 1 | 25.0% |
| RESIDENTIAL HOME FUNDING CORP. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |
| RESIDENTIAL HOME FUNDING CORP. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |
