R & G Mortgage Corporation Mortgage Lending & HMDA Data, 2006
In 2006, R & G Mortgage Corporation of San Juan, PR reported 17,996 mortgage applications totaling $2.0 billion, up 10% from 2005. The average application was for $109,853, and applicants reported an average income of $49,832. 22% of its applications resulted in an originated loan and 24% were denied. Its largest markets were San Juan-Caguas-Guaynabo, PR (13,528), Ponce, PR (892) and Aguadilla-Isabela-San Sebastian, PR (653) (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 | 17,996 |
| Total Mortgage Loan Application Amount | $1,976,924,000 |
| Average Mortgage Loan Application Amount | $109,853 |
| Highest Mortgage Loan Application Amount | $20,805,000 |
| Average Applicant Income | $49,832 |
| Highest Applicant Income | $9,999,000 |
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records R & G Mortgage Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2006
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 | 9,514 | $930,318,000 | $97,000 | $2,860,000 | $44,000 | $1,322,000 |
| Home Purchase | 7,598 | $958,053,000 | $126,000 | $20,805,000 | $57,000 | $9,999,000 |
| Home Improvement | 884 | $88,553,000 | $100,000 | $1,200,000 | $51,000 | $5,687,000 |
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 | 17,708 | $1,935,768,000 | $109,000 | $20,805,000 | $49,000 | $9,999,000 |
| White | 176 | $23,968,000 | $136,000 | $1,190,000 | $82,000 | $4,019,000 |
| Not Provided | 60 | $9,055,000 | $150,000 | $1,100,000 | $90,000 | $1,101,000 |
| Not applicable | 28 | $5,764,000 | $205,000 | $950,000 | $427,000 | $1,967,000 |
| Black or African American | 16 | $1,391,000 | $86,000 | $168,000 | $39,000 | $88,000 |
| Asian | 7 | $828,000 | $118,000 | $150,000 | $49,000 | $90,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $150,000 | $150,000 | $150,000 | $60,000 | $60,000 |
| 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) | 15,112 | $1,678,978,000 | $111,000 | $20,805,000 | $53,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) | 2,314 | $235,604,000 | $101,000 | $251,000 | $32,000 | $660,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 417 | $41,348,000 | $99,000 | $230,000 | $32,000 | $129,000 |
| VA-guaranteed (Veterans Administration) | 153 | $20,994,000 | $137,000 | $335,000 | $44,000 | $128,000 |
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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 5,627 | $641,163,000 | $113,000 | $20,805,000 | $56,000 | $9,999,000 |
| Application Denied By Financial Institution | 4,272 | $471,442,000 | $110,000 | $3,500,000 | $47,000 | $5,687,000 |
| Loan Originated | 4,039 | $409,019,000 | $101,000 | $615,000 | $42,000 | $4,019,000 |
| File Closed For Incompleteness | 3,461 | $391,794,000 | $113,000 | $13,000,000 | $51,000 | $6,698,000 |
| Application Approved But Not Accepted | 597 | $63,506,000 | $106,000 | $893,000 | $57,000 | $6,698,000 |
| 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 R & G Mortgage Corporation's 2006 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.
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with aggregated HMDA statistics today.
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