R M K Financial Corp. Mortgage Lending & HMDA Data, 2013
In 2013, R M K Financial Corp. of Ontario, CA reported 2,651 mortgage applications totaling $718.4 million, up 79% from 2012. The average application was for $270,998, and applicants reported an average income of $69,747. 60% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (566), Santa Ana-Anaheim-Irvine, CA (332) and Riverside-San Bernardino-Ontario, CA (316) (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 | 2,651 |
| Total Mortgage Loan Application Amount | $718,416,000 |
| Average Mortgage Loan Application Amount | $270,998 |
| Highest Mortgage Loan Application Amount | $2,000,000 |
| Average Applicant Income | $69,747 |
| Highest Applicant Income | $1,617,000 |
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 filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2013
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 | 999 | $299,158,000 | $299,000 | $1,610,000 | $98,000 | $1,617,000 |
| Home Improvement | 869 | $159,460,000 | $183,000 | $471,000 | $1,000 | $840,000 |
| Refinancing | 783 | $259,798,000 | $331,000 | $2,000,000 | $110,000 | $1,123,000 |
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 |
|---|---|---|---|---|---|---|
| Asian | 880 | $264,090,000 | $300,000 | $2,000,000 | $97,000 | $1,123,000 |
| Not Provided | 749 | $164,475,000 | $219,000 | $1,810,000 | $33,000 | $840,000 |
| White | 552 | $184,247,000 | $333,000 | $2,000,000 | $95,000 | $1,617,000 |
| Hispanic | 272 | $64,527,000 | $237,000 | $830,000 | $56,000 | $300,000 |
| Black or African American | 176 | $34,656,000 | $196,000 | $857,000 | $34,000 | $300,000 |
| Native Hawaiian or Other Pacific Islander | 11 | $3,307,000 | $300,000 | $401,000 | $95,000 | $302,000 |
| American Indian or Alaskan Native | 11 | $3,114,000 | $283,000 | $417,000 | $70,000 | $179,000 |
| 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) | 2,651 | $718,416,000 | $270,000 | $2,000,000 | $70,000 | $1,617,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 1,594 | $386,928,000 | $242,000 | $2,000,000 | $56,000 | $1,123,000 |
| Application Withdrawn By Applicant | 623 | $193,436,000 | $310,000 | $2,000,000 | $85,000 | $586,000 |
| Application Denied By Financial Institution | 424 | $135,737,000 | $320,000 | $1,840,000 | $99,000 | $1,617,000 |
| File Closed For Incompleteness | 10 | $2,315,000 | $231,000 | $417,000 | $65,000 | $119,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 217 | $78,050,000 | $359,000 | $1,840,000 | $120,000 | $1,617,000 |
| Credit History | 86 | $23,787,000 | $276,000 | $1,433,000 | $79,000 | $300,000 |
| Debt-To-Income Ratio | 52 | $16,249,000 | $312,000 | $1,699,000 | $73,000 | $444,000 |
| Collateral | 39 | $8,934,000 | $229,000 | $650,000 | $75,000 | $180,000 |
| Employment History | 17 | $5,376,000 | $316,000 | $660,000 | $88,000 | $163,000 |
| Unverifiable Information | 7 | $2,009,000 | $287,000 | $508,000 | $71,000 | $152,000 |
| Mortgage Insurance Denied | 3 | $718,000 | $239,000 | $335,000 | $96,000 | $201,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $337,000 | $168,000 | $174,000 | $57,000 | $80,000 |
| Credit Application Incomplete | 1 | $277,000 | $277,000 | $277,000 | $95,000 | $95,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into R M K Financial Corp.'s 2013 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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