Rf Mortgage & Investment Corp Mortgage Lending & HMDA Data, 2007
In 2007, Rf Mortgage & Investment Corp of San Juan, PR reported 551 mortgage applications totaling $102.3 million, up 1% from 2006. The average application was for $185,751, and applicants reported an average income of $96,038. 60% of its applications resulted in an originated loan and 3% were denied. Its largest markets were San Juan-Caguas-Guaynabo, PR (485), Aguadilla-Isabela-San Sebastian, PR (23) and Ponce, PR (14) (applications in parentheses).
| Mortgage Company & Address | Rf Mortgage & Investment Corp Po Box 361309 San Juan, PR 00936 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 |
| Total Number of Mortgage Applications | 551 |
| Total Mortgage Loan Application Amount | $102,349,000 |
| Average Mortgage Loan Application Amount | $185,751 |
| Highest Mortgage Loan Application Amount | $961,000 |
| Average Applicant Income | $96,038 |
| Highest Applicant Income | $1,002,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Rf Mortgage & Investment Corp filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Rf Mortgage & Investment Corp in 2007
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 | 369 | $72,388,000 | $196,000 | $961,000 | $95,000 | $1,002,000 |
| Refinancing | 181 | $29,802,000 | $164,000 | $850,000 | $97,000 | $746,000 |
| Home Improvement | 1 | $159,000 | $159,000 | $159,000 | $305,000 | $305,000 |
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 | 522 | $94,669,000 | $181,000 | $961,000 | $96,000 | $1,002,000 |
| Not Provided | 15 | $2,556,000 | $170,000 | $396,000 | $77,000 | $255,000 |
| White | 12 | $3,955,000 | $329,000 | $505,000 | $91,000 | $255,000 |
| Asian | 1 | $887,000 | $887,000 | $887,000 | $308,000 | $308,000 |
| Black or African American | 1 | $282,000 | $282,000 | $282,000 | $98,000 | $98,000 |
| 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 466 | $91,369,000 | $196,000 | $961,000 | $105,000 | $1,002,000 |
| FHA-insured (Federal Housing Administration) | 40 | $5,136,000 | $128,000 | $197,000 | $46,000 | $123,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 36 | $4,468,000 | $124,000 | $166,000 | $36,000 | $59,000 |
| VA-guaranteed (Veterans Administration) | 9 | $1,376,000 | $152,000 | $195,000 | $56,000 | $90,000 |
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 | 329 | $60,400,000 | $183,000 | $935,000 | $86,000 | $1,002,000 |
| Application Withdrawn By Applicant | 139 | $25,869,000 | $186,000 | $961,000 | $118,000 | $746,000 |
| Application Approved But Not Accepted | 40 | $6,750,000 | $168,000 | $855,000 | $93,000 | $306,000 |
| File Closed For Incompleteness | 24 | $5,319,000 | $221,000 | $401,000 | $107,000 | $296,000 |
| Application Denied By Financial Institution | 19 | $4,011,000 | $211,000 | $850,000 | $100,000 | $314,000 |
| 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 Rf Mortgage & Investment Corp's 2007 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 Rf Mortgage & Investment 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.
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