Money Express - Mortgage Divis Mortgage Lending & HMDA Data, 2005
In 2005, Money Express - Mortgage Divis of San Juan, PR reported 197 mortgage applications totaling $8.8 million. The average application was for $44,431, and applicants reported an average income of $27,274. 40% of its applications resulted in an originated loan and 35% were denied. Its largest markets were San Juan-Caguas-Guaynabo, PR (127), Aguadilla-Isabela-San Sebastian, PR (21) and Fajardo, PR (9) (applications in parentheses).
| Mortgage Company & Address | Money Express - Mortgage Divis 19 Marginal San Agustin San Juan, PR 00926 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2005 |
| Total Number of Mortgage Applications | 197 |
| Total Mortgage Loan Application Amount | $8,753,000 |
| Average Mortgage Loan Application Amount | $44,431 |
| Highest Mortgage Loan Application Amount | $150,000 |
| Average Applicant Income | $27,274 |
| Highest Applicant Income | $122,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Money Express - Mortgage Divis filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| San Juan, Puerto Rico | 18 | $ 708,000 | $ 39,333 | $ 26,000 |
| Bayamon, Puerto Rico | 14 | $ 546,000 | $ 39,000 | $ 41,000 |
| Carolina, Puerto Rico | 10 | $ 192,000 | $ 19,200 | $ 42,000 |
| Ponce, Puerto Rico | 8 | $ 287,000 | $ 35,875 | $ 24,000 |
| Rio Grande, Puerto Rico | 7 | $ 288,000 | $ 41,142 | $ 29,000 |
| Caguas, Puerto Rico | 6 | $ 190,000 | $ 31,666 | $ 27,000 |
| Canovanas, Puerto Rico | 6 | $ 333,000 | $ 55,500 | $ 26,000 |
| Isabela, Puerto Rico | 6 | $ 496,000 | $ 82,666 | $ 30,000 |
| San Sebastian, Puerto Rico | 6 | $ 326,000 | $ 54,333 | $ 22,000 |
| Aguadilla, Puerto Rico | 5 | $ 255,000 | $ 51,000 | $ 17,000 |
| Aibonito, Puerto Rico | 5 | $ 290,000 | $ 58,000 | $ 34,000 |
| Fajardo, Puerto Rico | 5 | $ 230,000 | $ 46,000 | $ 35,000 |
| Guayama, Puerto Rico | 5 | $ 187,000 | $ 37,400 | $ 27,000 |
| Juncos, Puerto Rico | 5 | $ 428,000 | $ 85,600 | $ 29,000 |
| Cabo Rojo, Puerto Rico | 4 | $ 221,000 | $ 55,250 | $ 36,000 |
| San German, Puerto Rico | 4 | $ 123,000 | $ 30,750 | $ 21,000 |
| Trujillo Alto, Puerto Rico | 4 | $ 313,000 | $ 78,250 | $ 34,000 |
| Barceloneta, Puerto Rico | 3 | $ 163,000 | $ 54,333 | $ 18,000 |
| Barranquitas, Puerto Rico | 3 | $ 174,000 | $ 58,000 | $ 21,000 |
| Camuy, Puerto Rico | 3 | $ 118,000 | $ 39,333 | $ 28,000 |
| Humacao, Puerto Rico | 3 | $ 100,000 | $ 33,333 | $ 21,000 |
| Mayaguez, Puerto Rico | 3 | $ 150,000 | $ 50,000 | $ 21,000 |
| Naguabo, Puerto Rico | 3 | $ 158,000 | $ 52,666 | $ 18,000 |
| Quebradillas, Puerto Rico | 3 | $ 155,000 | $ 51,666 | $ 26,000 |
| Toa Alta, Puerto Rico | 3 | $ 46,000 | $ 15,333 | $ 36,000 |
| Toa Baja, Puerto Rico | 3 | $ 128,000 | $ 42,666 | $ 21,000 |
| Vega Baja, Puerto Rico | 3 | $ 70,000 | $ 23,333 | $ 19,000 |
| Yabucoa, Puerto Rico | 3 | $ 193,000 | $ 64,333 | $ 25,000 |
| Arecibo, Puerto Rico | 2 | $ 163,000 | $ 81,500 | $ 22,000 |
| Cayey, Puerto Rico | 2 | $ 45,000 | $ 22,500 | $ 6,000 |
| Ceiba, Puerto Rico | 2 | $ 30,000 | $ 15,000 | $ 12,000 |
| Cidra, Puerto Rico | 2 | $ 20,000 | $ 10,000 | $ 12,000 |
| Guanica, Puerto Rico | 2 | $ 42,000 | $ 21,000 | $ 17,000 |
| Gurabo, Puerto Rico | 2 | $ 128,000 | $ 64,000 | $ 66,000 |
| Hatillo, Puerto Rico | 2 | $ 102,000 | $ 51,000 | $ 22,000 |
| Lares, Puerto Rico | 2 | $ 49,000 | $ 24,500 | $ 10,000 |
| Luquillo, Puerto Rico | 2 | $ 93,000 | $ 46,500 | $ 38,000 |
| Morovis, Puerto Rico | 2 | $ 82,000 | $ 41,000 | $ 27,000 |
| Orocovis, Puerto Rico | 2 | $ 95,000 | $ 47,500 | $ 21,000 |
| Patillas, Puerto Rico | 2 | $ 121,000 | $ 60,500 | $ 47,000 |
| Salinas, Puerto Rico | 2 | $ 97,000 | $ 48,500 | $ 25,000 |
| Santa Isabel, Puerto Rico | 2 | $ 109,000 | $ 54,500 | $ 37,000 |
| Utuado, Puerto Rico | 2 | $ 105,000 | $ 52,500 | $ 21,000 |
| Yauco, Puerto Rico | 2 | $ 51,000 | $ 25,500 | $ 18,000 |
| Aguada, Puerto Rico | 1 | $ 56,000 | $ 56,000 | $ 32,000 |
| Aguas Buenas, Puerto Rico | 1 | $ 26,000 | $ 26,000 | $ 10,000 |
| Arroyo, Puerto Rico | 1 | $ 75,000 | $ 75,000 | $ 13,000 |
| Catano, Puerto Rico | 1 | $ 32,000 | $ 32,000 | $ 16,000 |
| Dorado, Puerto Rico | 1 | $ 50,000 | $ 50,000 | $ 21,000 |
| Guayanilla, Puerto Rico | 1 | $ 44,000 | $ 44,000 | $ 29,000 |
| Guaynabo, Puerto Rico | 1 | $ 25,000 | $ 25,000 | $ 75,000 |
| Hormigueros, Puerto Rico | 1 | $ 18,000 | $ 18,000 | $ 50,000 |
| Las Piedras, Puerto Rico | 1 | $ 15,000 | $ 15,000 | $ 11,000 |
| Manati, Puerto Rico | 1 | $ 25,000 | $ 25,000 | $ 13,000 |
| Moca, Puerto Rico | 1 | $ 26,000 | $ 26,000 | $ 54,000 |
| Naranjito, Puerto Rico | 1 | $ 28,000 | $ 28,000 | $ 33,000 |
| Penuelas, Puerto Rico | 1 | $ 110,000 | $ 110,000 | $ 43,000 |
| Vega Alta, Puerto Rico | 1 | $ 23,000 | $ 23,000 | $ 39,000 |
Mortgage Loan Application Detail Totals for Money Express - Mortgage Divis in 2005
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 | 179 | $8,020,000 | $44,000 | $150,000 | $27,000 | $122,000 |
| Home Purchase | 18 | $733,000 | $40,000 | $79,000 | $30,000 | $72,000 |
| 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 |
|---|---|---|---|---|---|---|
| Hispanic | 195 | $8,628,000 | $44,000 | $150,000 | $27,000 | $122,000 |
| American Indian or Alaskan Native | 1 | $110,000 | $110,000 | $110,000 | $43,000 | $43,000 |
| Not Provided | 1 | $15,000 | $15,000 | $15,000 | $48,000 | $48,000 |
| White | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 197 | $8,753,000 | $44,000 | $150,000 | $28,000 | $122,000 |
| 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 | 79 | $2,982,000 | $37,000 | $135,000 | $29,000 | $122,000 |
| Application Denied By Financial Institution | 69 | $3,695,000 | $53,000 | $150,000 | $28,000 | $60,000 |
| Application Approved But Not Accepted | 32 | $1,293,000 | $40,000 | $81,000 | $25,000 | $72,000 |
| File Closed For Incompleteness | 9 | $437,000 | $48,000 | $90,000 | $27,000 | $53,000 |
| Application Withdrawn By Applicant | 8 | $346,000 | $43,000 | $90,000 | $28,000 | $42,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Money Express - Mortgage Divis's 2005 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 Money Express - Mortgage Divis'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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