Rf Mortgage & Investment Corp Mortgage Lending & HMDA Data, 2008
In 2008, Rf Mortgage & Investment Corp of San Juan, PR reported 502 mortgage applications totaling $90.6 million, down 9% from 2007. The average application was for $180,434, and applicants reported an average income of $99,535. 64% of its applications resulted in an originated loan and 1% were denied. Its largest markets were San Juan-Caguas-Guaynabo, PR (454), Ponce, PR (12) and Aguadilla-Isabela-San Sebastian, PR (9) (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 | 502 |
| Total Mortgage Loan Application Amount | $90,578,000 |
| Average Mortgage Loan Application Amount | $180,434 |
| Highest Mortgage Loan Application Amount | $2,115,000 |
| Average Applicant Income | $99,535 |
| Highest Applicant Income | $2,516,000 |
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records Rf Mortgage & Investment Corp filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2008
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 | 367 | $64,682,000 | $176,000 | $2,115,000 | $97,000 | $2,516,000 |
| Refinancing | 134 | $25,796,000 | $192,000 | $1,096,000 | $107,000 | $508,000 |
| Home Improvement | 1 | $100,000 | $100,000 | $100,000 | $30,000 | $30,000 |
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 | 492 | $88,171,000 | $179,000 | $2,115,000 | $100,000 | $2,516,000 |
| Not Provided | 5 | $792,000 | $158,000 | $288,000 | $44,000 | $65,000 |
| White | 3 | $989,000 | $329,000 | $375,000 | $117,000 | $146,000 |
| Black or African American | 2 | $626,000 | $313,000 | $320,000 | $89,000 | $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 |
| Asian | 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) | 407 | $75,525,000 | $185,000 | $2,115,000 | $112,000 | $2,516,000 |
| FHA-insured (Federal Housing Administration) | 67 | $11,322,000 | $168,000 | $413,000 | $52,000 | $178,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 21 | $2,540,000 | $120,000 | $194,000 | $39,000 | $64,000 |
| VA-guaranteed (Veterans Administration) | 7 | $1,191,000 | $170,000 | $223,000 | $53,000 | $78,000 |
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 | 322 | $62,028,000 | $192,000 | $2,115,000 | $105,000 | $2,516,000 |
| Application Withdrawn By Applicant | 116 | $18,433,000 | $158,000 | $1,575,000 | $84,000 | $508,000 |
| Application Approved But Not Accepted | 41 | $6,284,000 | $153,000 | $1,050,000 | $112,000 | $532,000 |
| File Closed For Incompleteness | 18 | $2,672,000 | $148,000 | $344,000 | $88,000 | $270,000 |
| Application Denied By Financial Institution | 5 | $1,161,000 | $232,000 | $530,000 | $88,000 | $182,000 |
| 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 2008 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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