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| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
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R & G MORTGAGE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
R & G MORTGAGE CORPORATION |
| Address | PO BOX 362394
SAN JUAN, PR 00936-2394 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 17,996 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,976,924,000 |
| Average Mortgage Loan Amount Applied For | $104,474 |
| Highest Mortgage Loan Amount Applied For | $20,805,000 |
| Average Applicant Income | $50,358 |
| Highest Applicant Income | $9,999,000 |
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| Home Improvement |
884 | $88,553,000 |
$100,000 | $1,200,000 |
$51,000 | $5,687,000 |
| Home Purchase |
7,598 | $958,053,000 |
$126,000 | $20,805,000 |
$57,000 | $9,999,000 |
| Refinancing |
9,514 | $930,318,000 |
$97,000 | $2,860,000 |
$44,000 | $1,322,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
7 | $828,000 |
$118,000 | $150,000 |
$49,000 | $90,000 |
| Black or African American |
16 | $1,391,000 |
$86,000 | $168,000 |
$39,000 | $88,000 |
| Hispanic |
17,708 | $1,935,768,000 |
$109,000 | $20,805,000 |
$49,000 | $9,999,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $150,000 |
$150,000 | $150,000 |
$60,000 | $60,000 |
| Not applicable |
28 | $5,764,000 |
$205,000 | $950,000 |
$427,000 | $1,967,000 |
| Not Provided |
60 | $9,055,000 |
$150,000 | $1,100,000 |
$90,000 | $1,101,000 |
| White |
176 | $23,968,000 |
$136,000 | $1,190,000 |
$82,000 | $4,019,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
15,112 | $1,678,978,000 |
$111,000 | $20,805,000 |
$53,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) |
2,314 | $235,604,000 |
$101,000 | $251,000 |
$32,000 | $660,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
417 | $41,348,000 |
$99,000 | $230,000 |
$32,000 | $129,000 |
| VA-guaranteed (Veterans Administration) |
153 | $20,994,000 |
$137,000 | $335,000 |
$44,000 | $128,000 |
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| Application Approved But Not Accepted |
597 | $63,506,000 |
$106,000 | $893,000 |
$57,000 | $6,698,000 |
| Application Denied By Financial Institution |
4,272 | $471,442,000 |
$110,000 | $3,500,000 |
$47,000 | $5,687,000 |
| Application Withdrawn By Applicant |
5,627 | $641,163,000 |
$113,000 | $20,805,000 |
$56,000 | $9,999,000 |
| File Closed For Incompleteness |
3,461 | $391,794,000 |
$113,000 | $13,000,000 |
$51,000 | $6,698,000 |
| Loan Originated |
4,039 | $409,019,000 |
$101,000 | $615,000 |
$42,000 | $4,019,000 |
| 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 |
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| 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 |
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Mortgage Loan App Totals for R & G MORTGAGE CORPORATION by:
Metropolitan Area And
County
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