R M K Financial Corp. Mortgage Lending & HMDA Data, 2012
In 2012, R M K Financial Corp. of Ontario, CA reported 1,481 mortgage applications totaling $382.7 million. The average application was for $258,383, and applicants reported an average income of $90,889. 65% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (457), Santa Ana-Anaheim-Irvine, CA (307) and Riverside-San Bernardino-Ontario, CA (223) (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 | 1,481 |
| Total Mortgage Loan Application Amount | $382,666,000 |
| Average Mortgage Loan Application Amount | $258,383 |
| Highest Mortgage Loan Application Amount | $1,067,000 |
| Average Applicant Income | $90,889 |
| Highest Applicant Income | $1,200,000 |
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 filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Los Angeles-Long Beach-Glendale, CA | 457 | $ 127,384,000 | $ 278,739 | $ 93,000 |
| Santa Ana-Anaheim-Irvine, CA | 307 | $ 88,596,000 | $ 288,586 | $ 94,000 |
| Riverside-San Bernardino-Ontario, CA | 223 | $ 47,681,000 | $ 213,816 | $ 88,000 |
| San Diego-Carlsbad-San Marcos, CA | 75 | $ 17,083,000 | $ 227,773 | $ 85,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 75 | $ 21,961,000 | $ 292,813 | $ 90,240 |
| Oakland-Fremont-Hayward, CA | 50 | $ 12,112,000 | $ 242,240 | $ 91,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 46 | $ 8,945,000 | $ 194,456 | $ 88,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 44 | $ 13,379,000 | $ 304,068 | $ 99,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 26 | $ 6,901,000 | $ 265,423 | $ 106,000 |
| San Francisco-San Mateo-Redwood City, CA | 26 | $ 8,619,000 | $ 331,500 | $ 108,000 |
| Baltimore-Towson, MD | 16 | $ 3,154,000 | $ 197,125 | $ 75,000 |
| Bethesda-Rockville-Frederick, MD | 15 | $ 3,989,000 | $ 265,933 | $ 70,000 |
| Bakersfield-Delano, CA | 12 | $ 2,009,000 | $ 167,416 | $ 105,000 |
| Fresno, CA | 10 | $ 1,646,000 | $ 164,600 | $ 91,000 |
| Santa Rosa-Petaluma, CA | 10 | $ 2,012,000 | $ 201,200 | $ 81,000 |
| Modesto, CA | 9 | $ 1,276,000 | $ 141,777 | $ 49,000 |
| Stockton, CA | 9 | $ 1,585,000 | $ 176,111 | $ 61,000 |
| Salinas, CA | 8 | $ 1,678,000 | $ 209,750 | $ 88,000 |
| Santa Cruz-Watsonville, CA | 7 | $ 2,037,000 | $ 291,000 | $ 100,000 |
| El Centro, CA | 4 | $ 527,000 | $ 131,750 | $ 99,000 |
| San Luis Obispo-Paso Robles, CA | 4 | $ 921,000 | $ 230,250 | $ 82,000 |
| Vallejo-Fairfield, CA | 4 | $ 689,000 | $ 172,250 | $ 75,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 4 | $ 1,168,000 | $ 292,000 | $ 114,000 |
| Napa, CA | 3 | $ 992,000 | $ 330,666 | $ 134,000 |
| Redding, CA | 3 | $ 434,000 | $ 144,666 | $ 75,000 |
| Visalia-Porterville, CA | 3 | $ 307,000 | $ 102,333 | $ 67,000 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 2 | $ 182,000 | $ 91,000 | $ 77,000 |
| Madera-Chowchilla, CA | 2 | $ 328,000 | $ 164,000 | $ 87,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 2 | $ 306,000 | $ 153,000 | $ 67,000 |
| Yuba City, CA | 2 | $ 259,000 | $ 129,500 | $ 56,000 |
| Atlanta-Sandy Springs-Marietta, GA | 1 | $ 98,000 | $ 98,000 | $ 15,000 |
| Chico, CA | 1 | $ 238,000 | $ 238,000 | $ 67,000 |
| Hanford-Corcoran, CA | 1 | $ 118,000 | $ 118,000 | $ 44,000 |
| Las Vegas-Paradise, NV | 1 | $ 100,000 | $ 100,000 | $ 70,000 |
| Merced, CA | 1 | $ 124,000 | $ 124,000 | $ 72,000 |
Mortgage Loan Application Detail Totals for R M K Financial Corp. in 2012
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 |
|---|---|---|---|---|---|---|
| Refinancing | 960 | $238,487,000 | $248,000 | $820,000 | $93,000 | $889,000 |
| Home Purchase | 521 | $144,179,000 | $276,000 | $1,067,000 | $87,000 | $1,200,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
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 |
|---|---|---|---|---|---|---|
| Asian | 594 | $168,195,000 | $283,000 | $947,000 | $92,000 | $486,000 |
| Not Provided | 443 | $99,740,000 | $225,000 | $615,000 | $90,000 | $577,000 |
| White | 349 | $92,583,000 | $265,000 | $1,067,000 | $97,000 | $1,200,000 |
| Hispanic | 72 | $16,870,000 | $234,000 | $560,000 | $64,000 | $132,000 |
| Black or African American | 12 | $2,433,000 | $202,000 | $296,000 | $77,000 | $146,000 |
| Native Hawaiian or Other Pacific Islander | 7 | $1,950,000 | $278,000 | $417,000 | $76,000 | $145,000 |
| American Indian or Alaskan Native | 4 | $895,000 | $223,000 | $285,000 | $78,000 | $140,000 |
| 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 1,351 | $349,627,000 | $258,000 | $1,067,000 | $92,000 | $1,200,000 |
| FHA-insured (Federal Housing Administration) | 130 | $33,039,000 | $254,000 | $615,000 | $83,000 | $263,000 |
| 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 | 959 | $240,594,000 | $250,000 | $1,067,000 | $91,000 | $1,200,000 |
| Application Withdrawn By Applicant | 307 | $83,972,000 | $273,000 | $947,000 | $96,000 | $577,000 |
| Application Denied By Financial Institution | 174 | $44,597,000 | $256,000 | $820,000 | $84,000 | $540,000 |
| File Closed For Incompleteness | 41 | $13,503,000 | $329,000 | $900,000 | $103,000 | $247,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 57 | $16,360,000 | $287,000 | $560,000 | $77,000 | $298,000 |
| Other | 52 | $12,217,000 | $234,000 | $820,000 | $83,000 | $304,000 |
| Collateral | 28 | $6,568,000 | $234,000 | $423,000 | $101,000 | $540,000 |
| Credit History | 24 | $5,890,000 | $245,000 | $417,000 | $80,000 | $413,000 |
| Unverifiable Information | 7 | $1,625,000 | $232,000 | $404,000 | $69,000 | $110,000 |
| Employment History | 5 | $1,537,000 | $307,000 | $615,000 | $97,000 | $220,000 |
| Credit Application Incomplete | 1 | $400,000 | $400,000 | $400,000 | $142,000 | $142,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into R M K Financial Corp.'s 2012 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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