R & G Mortgage Corporation Mortgage Lending & HMDA Data, 2004
In 2004, R & G Mortgage Corporation of San Juan, PR reported 15,685 mortgage applications totaling $1.5 billion, down 7% from 2003. The average application was for $97,512, and applicants reported an average income of $41,084. 52% of its applications resulted in an originated loan and 13% were denied. Its largest markets were San Juan-Caguas-Guaynabo, PR (12,863), Ponce, PR (563) and Fajardo, PR (531) (applications in parentheses).
| Mortgage Company & Address | R & G Mortgage Corporation P O Box 362394 San Juan, PR 00936 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 15,685 |
| Total Mortgage Loan Application Amount | $1,529,490,000 |
| Average Mortgage Loan Application Amount | $97,512 |
| Highest Mortgage Loan Application Amount | $855,000 |
| Average Applicant Income | $41,084 |
| Highest Applicant Income | $5,000,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records R & G Mortgage Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 & G Mortgage Corporation in 2004
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 | 9,380 | $869,850,000 | $92,000 | $700,000 | $35,000 | $1,473,000 |
| Home Purchase | 5,527 | $594,746,000 | $107,000 | $855,000 | $51,000 | $5,000,000 |
| Home Improvement | 778 | $64,894,000 | $83,000 | $304,000 | $44,000 | $498,000 |
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 |
|---|---|---|---|---|---|---|
| Hispanic | 15,402 | $1,494,812,000 | $97,000 | $855,000 | $40,000 | $5,000,000 |
| Not Provided | 149 | $15,167,000 | $101,000 | $608,000 | $43,000 | $260,000 |
| White | 91 | $12,778,000 | $140,000 | $640,000 | $96,000 | $1,536,000 |
| Black or African American | 18 | $1,865,000 | $103,000 | $300,000 | $55,000 | $167,000 |
| Not applicable | 15 | $3,556,000 | $237,000 | $700,000 | $228,000 | $643,000 |
| Asian | 9 | $1,195,000 | $132,000 | $343,000 | $56,000 | $75,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $117,000 | $117,000 | $117,000 | $104,000 | $104,000 |
| 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 12,853 | $1,244,256,000 | $96,000 | $855,000 | $50,000 | $5,000,000 |
| FHA-insured (Federal Housing Administration) | 2,485 | $246,292,000 | $99,000 | $251,000 | $29,000 | $504,000 |
| VA-guaranteed (Veterans Administration) | 262 | $30,444,000 | $116,000 | $308,000 | $32,000 | $135,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 85 | $8,498,000 | $99,000 | $173,000 | $42,000 | $396,000 |
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 | 8,080 | $771,462,000 | $95,000 | $690,000 | $41,000 | $5,000,000 |
| Application Withdrawn By Applicant | 3,093 | $320,876,000 | $103,000 | $708,000 | $50,000 | $1,848,000 |
| Application Denied By Financial Institution | 1,982 | $192,983,000 | $97,000 | $650,000 | $45,000 | $851,000 |
| File Closed For Incompleteness | 1,833 | $174,211,000 | $95,000 | $570,000 | $41,000 | $1,112,000 |
| Application Approved But Not Accepted | 695 | $69,712,000 | $100,000 | $855,000 | $46,000 | $4,000,000 |
| Loan Purchased By The Institution | 2 | $246,000 | $123,000 | $144,000 | $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 R & G Mortgage Corporation's 2004 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 & G Mortgage Corporation'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 Puerto Rico, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About