R M K Financial Corp. Mortgage Lending & HMDA Data, 2022
In 2022, R M K Financial Corp. of Ontario, CA reported 1,221 mortgage applications totaling $536.2 million, down 38% from 2021. The average application was for $439,168, and applicants reported an average income of $130,189. 84% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (315), Riverside-San Bernardino-Ontario, CA (236) and Washington-Arlington-Alexandria, DC-VA-MD-WV (67) (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 | 1,221 |
| Total Mortgage Loan Application Amount | $536,225,000 |
| Average Mortgage Loan Application Amount | $439,168 |
| Highest Mortgage Loan Application Amount | $3,005,000 |
| Average Applicant Income | $130,189 |
| Highest Applicant Income | $5,842,000 |
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 filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 315 | $ 173,585,000 | $ 551,063 | $ 134,000 |
| Riverside-San Bernardino-Ontario, CA | 236 | $ 103,600,000 | $ 438,983 | $ 124,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 67 | $ 25,805,000 | $ 385,149 | $ 100,925 |
| Houston-The Woodlands-Sugar Land, TX | 59 | $ 18,015,000 | $ 305,338 | $ 87,000 |
| Bakersfield, CA | 51 | $ 15,695,000 | $ 307,745 | $ 90,000 |
| Anaheim-Santa Ana-Irvine, CA | 38 | $ 26,590,000 | $ 699,736 | $ 194,000 |
| Atlanta-Sandy Springs-Roswell, GA | 30 | $ 9,850,000 | $ 328,333 | $ 98,000 |
| Dallas-Plano-Irving, TX | 23 | $ 7,845,000 | $ 341,086 | $ 115,000 |
| Philadelphia, PA | 18 | $ 4,250,000 | $ 236,111 | $ 62,000 |
| Chicago-Naperville, IL | 16 | $ 4,430,000 | $ 276,875 | $ 71,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 16 | $ 5,790,000 | $ 361,875 | $ 131,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 15 | $ 7,935,000 | $ 529,000 | $ 155,000 |
| Baltimore-Columbia-Towson, MD | 13 | $ 5,635,000 | $ 433,461 | $ 106,000 |
| Fort Worth-Arlington, TX | 12 | $ 5,690,000 | $ 474,166 | $ 597,000 |
| Miami-Miami Beach-Kendall, FL | 12 | $ 4,050,000 | $ 337,500 | $ 96,000 |
| Fresno, CA | 8 | $ 2,300,000 | $ 287,500 | $ 74,000 |
| Palm Bay-Melbourne-Titusville, FL | 8 | $ 2,040,000 | $ 255,000 | $ 63,000 |
| San Antonio-New Braunfels, TX | 8 | $ 2,390,000 | $ 298,750 | $ 79,000 |
| Washington-Baltimore-Arlington, DC | 8 | $ 2,870,000 | $ 358,750 | $ 73,000 |
| Austin-Round Rock, TX | 7 | $ 2,855,000 | $ 407,857 | $ 135,000 |
| Oakland-Hayward-Berkeley, CA | 7 | $ 4,845,000 | $ 692,142 | $ 167,000 |
| Stockton-Lodi, CA | 7 | $ 3,185,000 | $ 455,000 | $ 113,000 |
| San Diego-Carlsbad, CA | 6 | $ 3,620,000 | $ 603,333 | $ 224,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 6 | $ 2,090,000 | $ 348,333 | $ 93,000 |
| Orlando-Kissimmee-Sanford, FL | 5 | $ 1,225,000 | $ 245,000 | $ 90,000 |
| San Francisco-Redwood City-South San Francisco, CA | 5 | $ 4,405,000 | $ 881,000 | $ 266,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 5 | $ 3,285,000 | $ 657,000 | $ 583,000 |
| Augusta-Richmond County, GA-SC | 4 | $ 750,000 | $ 187,500 | $ 82,000 |
| Hartford-West Hartford-East Hartford, CT | 4 | $ 700,000 | $ 175,000 | $ 104,000 |
| Las Vegas-Henderson-Paradise, NV | 4 | $ 1,400,000 | $ 350,000 | $ 69,000 |
| Longview, TX | 4 | $ 610,000 | $ 152,500 | $ 65,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 4 | $ 2,160,000 | $ 540,000 | $ 146,000 |
| Phoenix-Mesa-Scottsdale, AZ | 4 | $ 1,480,000 | $ 370,000 | $ 83,000 |
| Tampa-St. Petersburg-Clearwater, FL | 4 | $ 1,400,000 | $ 350,000 | $ 119,000 |
| Jacksonville, FL | 3 | $ 985,000 | $ 328,333 | $ 76,000 |
| Outside any metro area | 3 | $ 645,000 | $ 215,000 | $ 75,000 |
| Port St. Lucie, FL | 3 | $ 955,000 | $ 318,333 | $ 102,000 |
| Santa Maria-Santa Barbara, CA | 3 | $ 1,395,000 | $ 465,000 | $ 86,000 |
| Vallejo-Fairfield, CA | 3 | $ 995,000 | $ 331,666 | $ 155,000 |
| Camden, NJ | 2 | $ 770,000 | $ 385,000 | $ 79,000 |
| Madera, CA | 2 | $ 670,000 | $ 335,000 | $ 83,000 |
| Memphis, TN-MS-AR | 2 | $ 650,000 | $ 325,000 | $ 76,000 |
| Modesto, CA | 2 | $ 1,250,000 | $ 625,000 | $ 164,000 |
| Monroe, LA | 2 | $ 280,000 | $ 140,000 | $ 60,000 |
| New Haven-Milford, CT | 2 | $ 670,000 | $ 335,000 | $ 295,000 |
| New Orleans-Metairie, LA | 2 | $ 400,000 | $ 200,000 | $ 102,000 |
| Newark, NJ-PA | 2 | $ 1,090,000 | $ 545,000 | $ 153,000 |
| Tallahassee, FL | 2 | $ 580,000 | $ 290,000 | $ 66,000 |
| Baton Rouge, LA | 1 | $ 155,000 | $ 155,000 | $ 70,000 |
| Charlotte-Concord-Gastonia, NC-SC | 1 | $ 355,000 | $ 355,000 | $ 223,000 |
| Colorado Springs, CO | 1 | $ 305,000 | $ 305,000 | $ 57,000 |
| Homosassa Springs, FL | 1 | $ 205,000 | $ 205,000 | $ 43,000 |
| Houma-Thibodaux, LA | 1 | $ 195,000 | $ 195,000 | $ 47,000 |
| Lake County-Kenosha County, IL-WI | 1 | $ 155,000 | $ 155,000 | $ 41,000 |
| McAllen-Edinburg-Mission, TX | 1 | $ 285,000 | $ 285,000 | $ 87,000 |
| Merced, CA | 1 | $ 255,000 | $ 255,000 | $ 56,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 415,000 | $ 415,000 | $ 120,000 |
| New York-Jersey City-White Plains, NY-NJ | 1 | $ 375,000 | $ 375,000 | $ 414,000 |
| Ocala, FL | 1 | $ 215,000 | $ 215,000 | $ 96,000 |
| Peoria, IL | 1 | $ 405,000 | $ 405,000 | $ 118,000 |
| Prescott Valley-Prescott, AZ | 1 | $ 305,000 | $ 305,000 | $ 162,000 |
| Rocky Mount, NC | 1 | $ 125,000 | $ 125,000 | $ 37,000 |
| Salinas, CA | 1 | $ 385,000 | $ 385,000 | $ 95,000 |
| Santa Cruz-Watsonville, CA | 1 | $ 1,145,000 | $ 1,145,000 | $ 238,000 |
| Santa Rosa, CA | 1 | $ 595,000 | $ 595,000 | $ 159,000 |
| Savannah, GA | 1 | $ 235,000 | $ 235,000 | $ 27,000 |
| Staunton-Waynesboro, VA | 1 | $ 275,000 | $ 275,000 | $ 80,000 |
| Tulsa, OK | 1 | $ 355,000 | $ 355,000 | $ 126,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 275,000 | $ 275,000 | $ 62,000 |
| Visalia-Porterville, CA | 1 | $ 175,000 | $ 175,000 | $ 78,000 |
| Youngstown-Warren-Boardman, OH-PA | 1 | $ 125,000 | $ 125,000 | $ 66,000 |
| Yuma, AZ | 1 | $ 205,000 | $ 205,000 | $ 39,000 |
Mortgage Loan Application Detail Totals for R M K Financial Corp. in 2022
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 | 906 | $403,900,000 | $445,000 | $2,005,000 | $130,000 | $5,842,000 |
| Cash-out Refinancing | 238 | $94,960,000 | $398,000 | $1,025,000 | $119,000 | $626,000 |
| Refinancing | 77 | $37,365,000 | $485,000 | $3,005,000 | $167,000 | $2,148,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 |
|---|---|---|---|---|---|---|
| Hispanic | 496 | $217,280,000 | $438,000 | $1,505,000 | $118,000 | $2,148,000 |
| Asian | 222 | $87,540,000 | $394,000 | $2,005,000 | $123,000 | $1,802,000 |
| Not Provided | 190 | $88,900,000 | $467,000 | $1,505,000 | $148,000 | $2,700,000 |
| White | 158 | $85,420,000 | $540,000 | $3,005,000 | $179,000 | $5,842,000 |
| Black or African American | 155 | $57,085,000 | $368,000 | $1,575,000 | $109,000 | $517,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 797 | $346,375,000 | $434,000 | $1,225,000 | $109,000 | $528,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 418 | $186,340,000 | $445,000 | $3,005,000 | $170,000 | $5,842,000 |
| VA-guaranteed (Veterans Administration) | 6 | $3,510,000 | $585,000 | $985,000 | $180,000 | $252,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 1,022 | $453,580,000 | $443,000 | $3,005,000 | $134,000 | $5,842,000 |
| Application Denied By Financial Institution | 147 | $63,685,000 | $433,000 | $1,575,000 | $115,000 | $468,000 |
| Application Withdrawn By Applicant | 52 | $18,960,000 | $364,000 | $925,000 | $108,000 | $314,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 1,074 | $472,540,000 | $439,000 | $3,005,000 | $132,000 | $5,842,000 |
| Debt-To-Income Ratio | 34 | $15,220,000 | $447,000 | $1,225,000 | $91,000 | $193,000 |
| Credit History | 32 | $11,700,000 | $365,000 | $985,000 | $111,000 | $381,000 |
| Employment History | 24 | $11,830,000 | $492,000 | $1,575,000 | $140,000 | $468,000 |
| Collateral | 23 | $9,905,000 | $430,000 | $835,000 | $115,000 | $414,000 |
| Unverifiable Information | 20 | $10,170,000 | $508,000 | $1,205,000 | $135,000 | $344,000 |
| Other | 13 | $4,225,000 | $325,000 | $705,000 | $101,000 | $197,000 |
| Mortgage Insurance Denied | 1 | $635,000 | $635,000 | $635,000 | $185,000 | $185,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into R M K Financial Corp.'s 2022 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.
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