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 filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
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.
For a list of all lenders in California, download the full spreadsheet
with aggregated HMDA statistics today.
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