Rms & Associates Mortgage Lending & HMDA Data, 2004
In 2004, Rms & Associates of Las Vegas, NV reported 1,835 mortgage applications totaling $323.4 million. The average application was for $176,219, and applicants reported an average income of $67,326. 79% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Las Vegas-Paradise, NV (1,704), San Diego-Carlsbad-San Marcos, CA (39) and Los Angeles-Long Beach-Glendale, CA (16) (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 | 1,835 |
| Total Mortgage Loan Application Amount | $323,363,000 |
| Average Mortgage Loan Application Amount | $176,219 |
| Highest Mortgage Loan Application Amount | $1,400,000 |
| Average Applicant Income | $67,326 |
| Highest Applicant Income | $911,000 |
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Act (HMDA) records Rms & Associates filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Las Vegas-Paradise, NV | 1,704 | $ 290,464,000 | $ 170,460 | $ 64,000 |
| San Diego-Carlsbad-San Marcos, CA | 39 | $ 9,622,000 | $ 246,717 | $ 129,000 |
| Los Angeles-Long Beach-Glendale, CA | 16 | $ 5,087,000 | $ 317,937 | $ 106,000 |
| Riverside-San Bernardino-Ontario, CA | 12 | $ 2,957,000 | $ 246,416 | $ 75,000 |
| Reno-Sparks, NV | 5 | $ 1,410,000 | $ 282,000 | $ 94,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 5 | $ 1,494,000 | $ 298,800 | $ 88,000 |
| Vallejo-Fairfield, CA | 5 | $ 1,050,000 | $ 210,000 | $ 59,000 |
| Honolulu, HI | 4 | $ 836,000 | $ 209,000 | $ 103,000 |
| Oakland-Fremont-Hayward, CA | 4 | $ 1,037,000 | $ 259,250 | $ 133,000 |
| Santa Ana-Anaheim-Irvine, CA | 4 | $ 1,105,000 | $ 276,250 | $ 158,000 |
| San Francisco-San Mateo-Redwood City, CA | 3 | $ 1,288,000 | $ 429,333 | $ 169,000 |
| Stockton, CA | 3 | $ 789,000 | $ 263,000 | $ 72,000 |
| Fort Collins-Loveland, CO | 2 | $ 755,000 | $ 377,500 | $ 175,000 |
| Portland-Vancouver-Beaverton, OR-WA | 2 | $ 370,000 | $ 185,000 | $ 98,000 |
| Colorado Springs, CO | 1 | $ 73,000 | $ 73,000 | $ 56,000 |
| Denver-Aurora, CO | 1 | $ 178,000 | $ 178,000 | $ 54,000 |
| El Centro, CA | 1 | $ 190,000 | $ 190,000 | $ 0 |
| Modesto, CA | 1 | $ 174,000 | $ 174,000 | $ 68,000 |
| Napa, CA | 1 | $ 384,000 | $ 384,000 | $ 96,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 520,000 | $ 520,000 | $ 150,000 |
| Philadelphia, PA | 1 | $ 185,000 | $ 185,000 | $ 70,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 130,000 | $ 130,000 | $ 348,000 |
| Visalia-Porterville, CA | 1 | $ 369,000 | $ 369,000 | $ 73,000 |
Mortgage Loan Application Detail Totals for Rms & Associates in 2004
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 | 956 | $165,056,000 | $237,285 | $1,400,000 | $105,142 | $540,000 |
| Refinancing | 878 | $158,005,000 | $201,000 | $1,235,000 | $78,250 | $911,000 |
| Home Improvement | 1 | $302,000 | $302,000 | $302,000 | $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 | 774 | $147,269,000 | $222,333 | $931,000 | $89,500 | $911,000 |
| Hispanic | 659 | $93,929,000 | $176,000 | $444,000 | $40,666 | $331,000 |
| Asian | 214 | $46,615,000 | $245,333 | $1,400,000 | $114,666 | $540,000 |
| Black or African American | 85 | $14,861,000 | $230,000 | $561,000 | $68,000 | $480,000 |
| Not Provided | 71 | $15,292,000 | $245,000 | $1,235,000 | $126,500 | $696,000 |
| Native Hawaiian or Other Pacific Islander | 23 | $4,100,000 | $119,000 | $365,000 | $50,500 | $164,000 |
| American Indian or Alaskan Native | 9 | $1,297,000 | $144,000 | $258,000 | $44,000 | $116,000 |
| 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) | 1,664 | $299,338,000 | $217,000 | $1,400,000 | $86,285 | $911,000 |
| FHA-insured (Federal Housing Administration) | 161 | $22,133,000 | $137,000 | $242,000 | $37,000 | $159,000 |
| VA-guaranteed (Veterans Administration) | 8 | $1,411,000 | $176,000 | $211,000 | $21,000 | $45,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $481,000 | $240,000 | $280,000 | $73,000 | $89,000 |
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 | 1,454 | $253,942,000 | $204,166 | $931,000 | $92,166 | $911,000 |
| File Closed For Incompleteness | 133 | $24,245,000 | $273,000 | $1,400,000 | $107,500 | $540,000 |
| Application Withdrawn By Applicant | 130 | $24,131,000 | $225,500 | $812,000 | $88,250 | $480,000 |
| Application Denied By Financial Institution | 113 | $20,355,000 | $262,000 | $1,235,000 | $72,000 | $696,000 |
| Application Approved But Not Accepted | 4 | $486,000 | $121,000 | $223,000 | $48,000 | $65,000 |
| Preapproval Denied by Financial Institution | 1 | $204,000 | $204,000 | $204,000 | $53,000 | $53,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 |
|---|---|---|---|---|---|---|
| Other | 42 | $7,534,000 | $236,666 | $761,000 | $75,666 | $250,000 |
| Credit History | 26 | $4,290,000 | $165,000 | $294,000 | $50,000 | $120,000 |
| Debt-To-Income Ratio | 13 | $2,002,000 | $154,000 | $236,000 | $52,000 | $234,000 |
| Unverifiable Information | 6 | $868,000 | $144,000 | $237,000 | $57,000 | $122,000 |
| Employment History | 4 | $623,000 | $155,000 | $213,000 | $35,000 | $49,000 |
| Credit Application Incomplete | 2 | $231,000 | $115,000 | $119,000 | $29,000 | $32,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $334,000 | $334,000 | $334,000 | $126,000 | $126,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Rms & Associates's 2004 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.
For a list of all lenders in Nevada, download the full spreadsheet
with aggregated HMDA statistics today.
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