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 filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
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.
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with aggregated HMDA statistics today.
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