R M K Financial Corp. Mortgage Lending & HMDA Data, 2009
In 2009, R M K Financial Corp. of Ontario, CA reported 187 mortgage applications totaling $40.8 million. The average application was for $218,374, and applicants reported an average income of $60,443. 47% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Riverside-San Bernardino-Ontario, CA (105), Los Angeles-Long Beach-Glendale, CA (61) and Santa Ana-Anaheim-Irvine, CA (14) (applications in parentheses).
| Mortgage Company & Address | R M K Financial Corp. 1819 S. Excise Avenue Ontario, CA 91761 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2010 2009 |
| Total Number of Mortgage Applications | 187 |
| Total Mortgage Loan Application Amount | $40,836,000 |
| Average Mortgage Loan Application Amount | $218,374 |
| Highest Mortgage Loan Application Amount | $594,000 |
| Average Applicant Income | $60,443 |
| Highest Applicant Income | $309,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records R M K Financial Corp. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Los Angeles, California | 61 | $ 15,518,000 | $ 254,393 | $ 64,000 |
| San Bernardino, California | 55 | $ 10,280,000 | $ 186,909 | $ 67,000 |
| Riverside, California | 50 | $ 8,589,000 | $ 171,780 | $ 43,000 |
| Orange, California | 14 | $ 4,113,000 | $ 293,785 | $ 73,000 |
| San Diego, California | 2 | $ 565,000 | $ 282,500 | $ 94,000 |
| Contra Costa, California | 1 | $ 256,000 | $ 256,000 | $ 42,000 |
| San Joaquin, California | 1 | $ 244,000 | $ 244,000 | $ 31,000 |
| Santa Clara, California | 1 | $ 564,000 | $ 564,000 | $ 108,000 |
| Tulare, California | 1 | $ 113,000 | $ 113,000 | $ 30,000 |
| Ventura, California | 1 | $ 594,000 | $ 594,000 | $ 188,000 |
Mortgage Loan Application Detail Totals for R M K Financial Corp. in 2009
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 128 | $27,470,000 | $214,000 | $594,000 | $65,000 | $304,000 |
| Refinancing | 41 | $8,906,000 | $217,000 | $358,000 | $71,000 | $309,000 |
| Home Improvement | 18 | $4,460,000 | $247,000 | $464,000 | $4,000 | $86,000 |
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 |
|---|---|---|---|---|---|---|
| Hispanic | 101 | $20,163,000 | $199,000 | $564,000 | $58,000 | $309,000 |
| White | 29 | $7,157,000 | $246,000 | $594,000 | $64,000 | $247,000 |
| Asian | 26 | $7,160,000 | $275,000 | $400,000 | $76,000 | $151,000 |
| American Indian or Alaskan Native | 13 | $2,218,000 | $170,000 | $393,000 | $44,000 | $113,000 |
| Not Provided | 13 | $3,249,000 | $249,000 | $479,000 | $59,000 | $160,000 |
| Black or African American | 5 | $889,000 | $177,000 | $291,000 | $59,000 | $131,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $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) | 106 | $22,182,000 | $209,000 | $525,000 | $62,000 | $309,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 81 | $18,654,000 | $230,000 | $594,000 | $59,000 | $188,000 |
| 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 | 87 | $19,494,000 | $224,000 | $491,000 | $61,000 | $231,000 |
| File Closed For Incompleteness | 41 | $8,863,000 | $216,000 | $476,000 | $60,000 | $309,000 |
| Application Denied By Financial Institution | 35 | $7,469,000 | $213,000 | $525,000 | $62,000 | $304,000 |
| Application Withdrawn By Applicant | 19 | $3,874,000 | $203,000 | $564,000 | $55,000 | $108,000 |
| Application Approved But Not Accepted | 5 | $1,136,000 | $227,000 | $594,000 | $74,000 | $188,000 |
| 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 |
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 |
|---|---|---|---|---|---|---|
| Unverifiable Information | 13 | $2,840,000 | $218,000 | $378,000 | $50,000 | $96,000 |
| Other | 5 | $809,000 | $161,000 | $244,000 | $38,000 | $57,000 |
| Collateral | 5 | $1,271,000 | $254,000 | $525,000 | $88,000 | $247,000 |
| Credit Application Incomplete | 4 | $979,000 | $244,000 | $278,000 | $59,000 | $86,000 |
| Credit History | 4 | $761,000 | $190,000 | $236,000 | $52,000 | $75,000 |
| Employment History | 4 | $809,000 | $202,000 | $253,000 | $109,000 | $304,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into R M K Financial Corp.'s 2009 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 R M K Financial Corp.'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 California, download the full spreadsheet
with aggregated HMDA statistics today.
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