Rd Mortgage Bankers, Inc. Mortgage Lending & HMDA Data, 2009
In 2009, Rd Mortgage Bankers, Inc. of San Juan, PR reported 79 mortgage applications totaling $15.9 million. The average application was for $201,556, and applicants reported an average income of $74,607. 47% of its applications resulted in an originated loan and 23% were denied. Its largest markets were San Juan-Caguas-Guaynabo, PR (70), Guayama, PR (3) and Mayaguez, PR (1) (applications in parentheses).
| Mortgage Company & Address | Rd Mortgage Bankers, Inc. Suite 400 Miramar Plaza Bld. , #954 Pon San Juan, PR 00936 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 |
| Total Number of Mortgage Applications | 79 |
| Total Mortgage Loan Application Amount | $15,923,000 |
| Average Mortgage Loan Application Amount | $201,556 |
| Highest Mortgage Loan Application Amount | $886,000 |
| Average Applicant Income | $74,607 |
| Highest Applicant Income | $302,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Rd Mortgage Bankers, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 15 | $ 3,519,000 | $ 234,600 | $ 78,000 |
| Caguas, Puerto Rico | 7 | $ 1,211,000 | $ 173,000 | $ 57,000 |
| Guaynabo, Puerto Rico | 7 | $ 1,795,000 | $ 256,428 | $ 84,000 |
| Cayey, Puerto Rico | 6 | $ 949,000 | $ 158,166 | $ 45,000 |
| Bayamon, Puerto Rico | 5 | $ 799,000 | $ 159,800 | $ 73,000 |
| Carolina, Puerto Rico | 4 | $ 607,000 | $ 151,750 | $ 69,000 |
| Cidra, Puerto Rico | 3 | $ 540,000 | $ 180,000 | $ 66,000 |
| Guayama, Puerto Rico | 3 | $ 258,000 | $ 86,000 | $ 47,000 |
| Juncos, Puerto Rico | 3 | $ 417,000 | $ 139,000 | $ 45,000 |
| Trujillo Alto, Puerto Rico | 3 | $ 437,000 | $ 145,666 | $ 38,000 |
| Dorado, Puerto Rico | 2 | $ 1,772,000 | $ 886,000 | $ 205,000 |
| Humacao, Puerto Rico | 2 | $ 586,000 | $ 293,000 | $ 69,000 |
| Las Piedras, Puerto Rico | 2 | $ 431,000 | $ 215,500 | $ 76,000 |
| Toa Baja, Puerto Rico | 2 | $ 232,000 | $ 116,000 | $ 131,000 |
| Utuado, Puerto Rico | 2 | $ 271,000 | $ 135,500 | $ 128,000 |
| Aguas Buenas, Puerto Rico | 1 | $ 135,000 | $ 135,000 | $ 50,000 |
| Barceloneta, Puerto Rico | 1 | $ 150,000 | $ 150,000 | $ 302,000 |
| Canovanas, Puerto Rico | 1 | $ 134,000 | $ 134,000 | $ 86,000 |
| Culebra, Puerto Rico | 1 | $ 155,000 | $ 155,000 | $ 16,000 |
| Guanica, Puerto Rico | 1 | $ 57,000 | $ 57,000 | $ 30,000 |
| Gurabo, Puerto Rico | 1 | $ 160,000 | $ 160,000 | $ 96,000 |
| Loiza, Puerto Rico | 1 | $ 166,000 | $ 166,000 | $ 56,000 |
| Mayaguez, Puerto Rico | 1 | $ 137,000 | $ 137,000 | $ 38,000 |
| Orocovis, Puerto Rico | 1 | $ 127,000 | $ 127,000 | $ 37,000 |
| Rio Grande, Puerto Rico | 1 | $ 312,000 | $ 312,000 | $ 153,000 |
| Santa Isabel, Puerto Rico | 1 | $ 191,000 | $ 191,000 | $ 77,000 |
| Toa Alta, Puerto Rico | 1 | $ 258,000 | $ 258,000 | $ 48,000 |
| Vega Baja, Puerto Rico | 1 | $ 117,000 | $ 117,000 | $ 33,000 |
Mortgage Loan Application Detail Totals for Rd Mortgage Bankers, Inc. in 2009
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 | 51 | $10,150,000 | $199,000 | $886,000 | $70,000 | $232,000 |
| Home Purchase | 28 | $5,773,000 | $206,000 | $740,000 | $83,000 | $302,000 |
| 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 | 79 | $15,923,000 | $201,000 | $886,000 | $74,000 | $302,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| White | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 65 | $13,866,000 | $213,000 | $886,000 | $79,000 | $302,000 |
| FHA-insured (Federal Housing Administration) | 8 | $1,194,000 | $149,000 | $293,000 | $60,000 | $82,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 4 | $488,000 | $122,000 | $136,000 | $35,000 | $37,000 |
| VA-guaranteed (Veterans Administration) | 2 | $375,000 | $187,000 | $243,000 | $61,000 | $77,000 |
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 | 37 | $7,017,000 | $189,000 | $740,000 | $73,000 | $219,000 |
| Application Denied By Financial Institution | 18 | $2,959,000 | $164,000 | $508,000 | $58,000 | $147,000 |
| Application Withdrawn By Applicant | 14 | $2,608,000 | $186,000 | $475,000 | $91,000 | $302,000 |
| File Closed For Incompleteness | 8 | $3,020,000 | $377,000 | $886,000 | $95,000 | $232,000 |
| Application Approved But Not Accepted | 2 | $319,000 | $159,000 | $274,000 | $67,000 | $113,000 |
| 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 | 7 | $1,360,000 | $194,000 | $508,000 | $59,000 | $110,000 |
| Credit History | 4 | $485,000 | $121,000 | $160,000 | $84,000 | $147,000 |
| Debt-To-Income Ratio | 2 | $321,000 | $160,000 | $166,000 | $36,000 | $56,000 |
| Other | 2 | $356,000 | $178,000 | $258,000 | $42,000 | $48,000 |
| Unverifiable Information | 2 | $287,000 | $143,000 | $150,000 | $42,000 | $46,000 |
| Employment History | 1 | $150,000 | $150,000 | $150,000 | $50,000 | $50,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Rd Mortgage Bankers, Inc.'s 2009 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 Rd Mortgage Bankers, Inc.'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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