Rms & Associates Mortgage Lending & HMDA Data, 2005
In 2005, Rms & Associates of Las Vegas, NV reported 446 mortgage applications totaling $81.6 million, down 76% from 2004. The average application was for $183,044, and applicants reported an average income of $88,163. 15% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Las Vegas-Paradise, NV (338), San Diego-Carlsbad-San Marcos, CA (8) and Phoenix-Mesa-Scottsdale, AZ (7) (applications in parentheses).
| Mortgage Company & Address | Rms & Associates 3585 E. Flamingo, #103 Las Vegas, NV 89121 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 446 |
| Total Mortgage Loan Application Amount | $81,638,000 |
| Average Mortgage Loan Application Amount | $183,044 |
| Highest Mortgage Loan Application Amount | $1,440,000 |
| Average Applicant Income | $88,163 |
| Highest Applicant Income | $638,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Rms & Associates filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Clark, Nevada | 338 | $ 61,000,000 | $ 180,473 | $ 86,000 |
| San Diego, California | 8 | $ 1,837,000 | $ 229,625 | $ 66,000 |
| Maricopa, Arizona | 7 | $ 1,190,000 | $ 170,000 | $ 144,000 |
| Ada, Idaho | 4 | $ 270,000 | $ 67,500 | $ 0 |
| Los Angeles, California | 3 | $ 1,278,000 | $ 426,000 | $ 284,000 |
| San Bernardino, California | 3 | $ 675,000 | $ 225,000 | $ 118,000 |
| Davis, Utah | 3 | $ 384,000 | $ 128,000 | $ 68,000 |
| Muskegon, Michigan | 2 | $ 81,000 | $ 40,500 | $ 23,000 |
| Washoe, Nevada | 2 | $ 308,000 | $ 154,000 | $ 60,000 |
| Salt Lake, Utah | 2 | $ 261,000 | $ 130,500 | $ 48,000 |
| Clark, Arkansas | 1 | $ 225,000 | $ 225,000 | $ 86,000 |
| Contra Costa, California | 1 | $ 99,000 | $ 99,000 | $ 164,000 |
| Orange, California | 1 | $ 104,000 | $ 104,000 | $ 108,000 |
| Placer, California | 1 | $ 400,000 | $ 400,000 | $ 78,000 |
| Riverside, California | 1 | $ 440,000 | $ 440,000 | $ 123,000 |
| Denver, Colorado | 1 | $ 442,000 | $ 442,000 | $ 300,000 |
| Nye, Nevada | 1 | $ 101,000 | $ 101,000 | $ 41,000 |
| Jackson, Oregon | 1 | $ 235,000 | $ 235,000 | $ 100,000 |
Mortgage Loan Application Detail Totals for Rms & Associates in 2005
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 | 262 | $43,325,000 | $208,000 | $950,000 | $140,333 | $638,000 |
| Refinancing | 184 | $38,313,000 | $206,500 | $1,440,000 | $103,750 | $600,000 |
| 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 |
|---|---|---|---|---|---|---|
| White | 207 | $41,317,000 | $189,875 | $1,440,000 | $114,625 | $600,000 |
| Hispanic | 126 | $17,556,000 | $149,500 | $349,000 | $111,750 | $240,000 |
| Asian | 84 | $16,284,000 | $177,800 | $885,000 | $118,200 | $300,000 |
| Black or African American | 14 | $3,883,000 | $349,500 | $950,000 | $194,500 | $638,000 |
| Not applicable | 5 | $651,000 | $130,000 | $315,000 | $24,000 | $72,000 |
| Not Provided | 5 | $966,000 | $188,000 | $287,000 | $93,500 | $373,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $576,000 | $192,000 | $312,000 | $87,000 | $116,000 |
| American Indian or Alaskan Native | 2 | $405,000 | $202,000 | $324,000 | $86,000 | $86,000 |
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) | 432 | $78,987,000 | $189,500 | $1,440,000 | $120,200 | $638,000 |
| FHA-insured (Federal Housing Administration) | 12 | $2,196,000 | $183,000 | $224,000 | $52,000 | $146,000 |
| VA-guaranteed (Veterans Administration) | 2 | $455,000 | $227,000 | $275,000 | $61,000 | $122,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
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 Purchased By The Institution | 288 | $51,080,000 | $187,428 | $885,000 | $110,714 | $267,000 |
| Loan Originated | 65 | $9,058,000 | $168,800 | $788,000 | $132,600 | $373,000 |
| Application Withdrawn By Applicant | 44 | $10,243,000 | $245,600 | $950,000 | $173,000 | $638,000 |
| Application Approved But Not Accepted | 42 | $10,104,000 | $229,333 | $1,440,000 | $137,000 | $504,000 |
| Application Denied By Financial Institution | 5 | $833,000 | $174,500 | $349,000 | $131,500 | $198,000 |
| File Closed For Incompleteness | 2 | $320,000 | $160,000 | $181,000 | $64,000 | $79,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 1 | $250,000 | $250,000 | $250,000 | $100,000 | $100,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Rms & Associates's 2005 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 Rms & Associates'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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