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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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RMS & ASSOCIATES
Mortgage Loans and Application Details
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| Mortgage Company Name |
RMS & ASSOCIATES |
| Address | 3585 E. FLAMINGO, #103
LAS VEGAS, NV 89121 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 929 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $187,619,000 |
| Average Mortgage Loan Amount Applied For | $239,400 |
| Highest Mortgage Loan Amount Applied For | $2,000,000 |
| Average Applicant Income | $113,240 |
| Highest Applicant Income | $1,153,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
575 | $110,305,000 |
$191,000 | $2,000,000 |
$86,000 | $1,153,000 |
| Refinancing |
454 | $98,333,000 |
$216,000 | $2,054,000 |
$82,000 | $540,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
157 | $42,356,000 |
$269,000 | $1,346,000 |
$122,000 | $432,000 |
| Black or African American |
29 | $5,679,000 |
$195,000 | $596,000 |
$88,000 | $245,000 |
| Hispanic |
428 | $75,045,000 |
$175,000 | $1,088,000 |
$63,000 | $600,000 |
| Native Hawaiin or Other Pacific Islander |
16 | $3,011,000 |
$188,000 | $473,000 |
$72,000 | $180,000 |
| Not applicable |
13 | $2,694,000 |
$207,000 | $455,000 |
$15,000 | $78,000 |
| Not Provided |
29 | $3,771,000 |
$130,000 | $355,000 |
$64,000 | $276,000 |
| White |
357 | $76,082,000 |
$213,000 | $2,054,000 |
$98,000 | $1,153,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,001 | $203,016,000 |
$202,000 | $2,054,000 |
$85,000 | $1,153,000 |
| FHA-insured (Federal Housing Administration) |
25 | $4,832,000 |
$193,000 | $279,000 |
$54,000 | $144,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
3 | $790,000 |
$263,000 | $412,000 |
$71,000 | $111,000 |
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| Application Approved But Not Accepted |
45 | $10,556,000 |
$234,000 | $2,000,000 |
$98,000 | $1,153,000 |
| Application Denied By Financial Institution |
5 | $813,000 |
$162,000 | $365,000 |
$79,000 | $126,000 |
| Application Withdrawn By Applicant |
63 | $15,451,000 |
$245,000 | $2,054,000 |
$81,000 | $540,000 |
| File Closed For Incompleteness |
5 | $656,000 |
$131,000 | $250,000 |
$84,000 | $173,000 |
| Loan Originated |
441 | $86,672,000 |
$196,000 | $981,000 |
$80,000 | $529,000 |
| Loan Purchased By The Institution |
470 | $94,490,000 |
$201,000 | $1,346,000 |
$88,000 | $600,000 |
| 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 |
3 | $357,000 |
$119,000 | $196,000 |
$48,000 | $57,000 |
| Unverifiable Information |
2 | $456,000 |
$228,000 | $365,000 |
$126,000 | $126,000 |
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Mortgage Loan App Totals for RMS & ASSOCIATES by:
Metropolitan Area And
County
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