Rmr Financial, LLC Mortgage Lending & HMDA Data, 2011
In 2011, Rmr Financial, LLC of Los Gatos, CA reported 4,160 mortgage applications totaling $1.6 billion, up 5% from 2010. The average application was for $389,036, and applicants reported an average income of $150,387. 82% of its applications resulted in an originated loan and 3% were denied. Its largest markets were San Jose-Sunnyvale-Santa Clara, CA (1,271), San Francisco-San Mateo-Redwood City, CA (877) and Oakland-Fremont-Hayward, CA (791) (applications in parentheses).
| Mortgage Company & Address | Rmr Financial, LLC 16780 Lark Avenue Los Gatos, CA 95032 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 4,160 |
| Total Mortgage Loan Application Amount | $1,618,391,000 |
| Average Mortgage Loan Application Amount | $389,036 |
| Highest Mortgage Loan Application Amount | $2,000,000 |
| Average Applicant Income | $150,387 |
| Highest Applicant Income | $1,999,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Rmr Financial, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| San Jose-Sunnyvale-Santa Clara, CA | 1,271 | $ 543,847,000 | $ 427,889 | $ 160,000 |
| San Francisco-San Mateo-Redwood City, CA | 877 | $ 410,306,000 | $ 467,851 | $ 168,000 |
| Oakland-Fremont-Hayward, CA | 791 | $ 292,910,000 | $ 370,303 | $ 141,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 362 | $ 76,099,000 | $ 210,218 | $ 100,000 |
| Salinas, CA | 299 | $ 120,484,000 | $ 402,956 | $ 174,000 |
| Santa Rosa-Petaluma, CA | 220 | $ 68,037,000 | $ 309,259 | $ 131,000 |
| Santa Cruz-Watsonville, CA | 129 | $ 52,519,000 | $ 407,124 | $ 152,000 |
| Vallejo-Fairfield, CA | 46 | $ 9,370,000 | $ 203,695 | $ 80,000 |
| Stockton, CA | 22 | $ 4,669,000 | $ 212,227 | $ 101,000 |
| Los Angeles-Long Beach-Glendale, CA | 20 | $ 8,932,000 | $ 446,600 | $ 196,000 |
| Riverside-San Bernardino-Ontario, CA | 18 | $ 4,157,000 | $ 230,944 | $ 151,000 |
| San Diego-Carlsbad-San Marcos, CA | 15 | $ 5,483,000 | $ 365,533 | $ 127,000 |
| Napa, CA | 12 | $ 3,067,000 | $ 255,583 | $ 197,000 |
| Santa Ana-Anaheim-Irvine, CA | 11 | $ 4,160,000 | $ 378,181 | $ 182,000 |
| Merced, CA | 5 | $ 627,000 | $ 125,400 | $ 33,000 |
| Modesto, CA | 5 | $ 1,181,000 | $ 236,200 | $ 102,000 |
| Fresno, CA | 4 | $ 610,000 | $ 152,500 | $ 105,000 |
| San Luis Obispo-Paso Robles, CA | 4 | $ 1,256,000 | $ 314,000 | $ 97,000 |
| Chico, CA | 2 | $ 245,000 | $ 122,500 | $ 144,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 2 | $ 343,000 | $ 171,500 | $ 118,000 |
| Yuba City, CA | 2 | $ 178,000 | $ 89,000 | $ 74,000 |
| Bakersfield-Delano, CA | 1 | $ 240,000 | $ 240,000 | $ 127,000 |
Mortgage Loan Application Detail Totals for Rmr Financial, LLC in 2011
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 | 2,616 | $976,847,000 | $373,000 | $2,000,000 | $140,000 | $1,257,000 |
| Refinancing | 1,541 | $639,961,000 | $415,000 | $2,000,000 | $168,000 | $1,999,000 |
| Home Improvement | 3 | $1,583,000 | $527,000 | $950,000 | $161,000 | $247,000 |
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 |
|---|---|---|---|---|---|---|
| White | 3,047 | $1,201,991,000 | $394,000 | $2,000,000 | $156,000 | $1,999,000 |
| Asian | 549 | $235,568,000 | $429,000 | $1,420,000 | $154,000 | $1,072,000 |
| Hispanic | 331 | $100,251,000 | $302,000 | $1,300,000 | $106,000 | $705,000 |
| Not Provided | 139 | $49,776,000 | $358,000 | $1,015,000 | $146,000 | $479,000 |
| Black or African American | 59 | $18,397,000 | $311,000 | $1,000,000 | $117,000 | $413,000 |
| Native Hawaiian or Other Pacific Islander | 29 | $10,407,000 | $358,000 | $748,000 | $145,000 | $273,000 |
| American Indian or Alaskan Native | 6 | $2,001,000 | $333,000 | $579,000 | $136,000 | $319,000 |
| Not applicable | 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) | 3,433 | $1,362,967,000 | $397,000 | $2,000,000 | $161,000 | $1,999,000 |
| FHA-insured (Federal Housing Administration) | 653 | $228,651,000 | $350,000 | $854,000 | $103,000 | $357,000 |
| VA-guaranteed (Veterans Administration) | 63 | $24,206,000 | $384,000 | $1,088,000 | $114,000 | $373,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 11 | $2,567,000 | $233,000 | $326,000 | $60,000 | $84,000 |
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 | 3,409 | $1,320,672,000 | $387,000 | $2,000,000 | $152,000 | $1,999,000 |
| Application Withdrawn By Applicant | 576 | $231,243,000 | $401,000 | $2,000,000 | $151,000 | $1,257,000 |
| Application Denied By Financial Institution | 110 | $35,988,000 | $327,000 | $1,090,000 | $108,000 | $578,000 |
| Application Approved But Not Accepted | 60 | $28,095,000 | $468,000 | $1,380,000 | $172,000 | $555,000 |
| File Closed For Incompleteness | 5 | $2,393,000 | $478,000 | $730,000 | $125,000 | $181,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 28 | $8,064,000 | $288,000 | $721,000 | $78,000 | $203,000 |
| Collateral | 13 | $4,126,000 | $317,000 | $1,000,000 | $117,000 | $467,000 |
| Other | 7 | $2,368,000 | $338,000 | $1,052,000 | $155,000 | $457,000 |
| Credit History | 6 | $1,030,000 | $171,000 | $242,000 | $47,000 | $87,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $2,181,000 | $436,000 | $575,000 | $121,000 | $225,000 |
| Unverifiable Information | 1 | $460,000 | $460,000 | $460,000 | $110,000 | $110,000 |
| Credit Application Incomplete | 1 | $273,000 | $273,000 | $273,000 | $53,000 | $53,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Rmr Financial, LLC's 2011 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 Rmr Financial, LLC'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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