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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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RF MORTGAGE & INVESTMENT CORP.
Mortgage Loans and Application Details
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| Mortgage Company Name |
RF MORTGAGE & INVESTMENT CORP. |
| Address | 1148 AVE FRANKLIN D. ROOSEVELT
SAN JUAN, PR 00920 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 544 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $98,735,000 |
| Average Mortgage Loan Amount Applied For | $158,933 |
| Highest Mortgage Loan Amount Applied For | $1,611,000 |
| Average Applicant Income | $74,816 |
| Highest Applicant Income | $685,000 |
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| Home Improvement |
1 | $30,000 |
$30,000 | $30,000 |
$134,000 | $134,000 |
| Home Purchase |
339 | $59,835,000 |
$176,000 | $825,000 |
$85,000 | $685,000 |
| Refinancing |
204 | $38,870,000 |
$190,000 | $1,611,000 |
$86,000 | $552,000 |
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| 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 |
| Hispanic |
509 | $88,188,000 |
$173,000 | $1,216,000 |
$80,000 | $500,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
27 | $8,664,000 |
$320,000 | $1,611,000 |
$193,000 | $685,000 |
| White |
8 | $1,883,000 |
$235,000 | $333,000 |
$90,000 | $159,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
482 | $90,188,000 |
$187,000 | $1,611,000 |
$91,000 | $685,000 |
| FHA-insured (Federal Housing Administration) |
28 | $3,965,000 |
$141,000 | $233,000 |
$47,000 | $139,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
29 | $3,499,000 |
$120,000 | $251,000 |
$39,000 | $87,000 |
| VA-guaranteed (Veterans Administration) |
5 | $1,083,000 |
$216,000 | $319,000 |
$58,000 | $94,000 |
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| Application Approved But Not Accepted |
55 | $11,872,000 |
$215,000 | $1,360,000 |
$86,000 | $534,000 |
| Application Denied By Financial Institution |
22 | $4,033,000 |
$183,000 | $480,000 |
$82,000 | $247,000 |
| Application Withdrawn By Applicant |
138 | $20,986,000 |
$152,000 | $1,120,000 |
$69,000 | $500,000 |
| File Closed For Incompleteness |
15 | $3,740,000 |
$249,000 | $1,611,000 |
$88,000 | $552,000 |
| Loan Originated |
314 | $58,104,000 |
$185,000 | $1,216,000 |
$93,000 | $685,000 |
| 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 RF MORTGAGE & INVESTMENT CORP. by:
Metropolitan Area And
County
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