Rms & Associates Mortgage Lending & HMDA Data, 2008
In 2008, Rms & Associates of Las Vegas, NV reported 664 mortgage applications totaling $137.2 million, up 3% from 2007. The average application was for $206,575, and applicants reported an average income of $72,192. 1% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Las Vegas-Paradise, NV (580), San Diego-Carlsbad-San Marcos, CA (2) and Orlando-Kissimmee, FL (1) (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 | 664 |
| Total Mortgage Loan Application Amount | $137,166,000 |
| Average Mortgage Loan Application Amount | $206,575 |
| Highest Mortgage Loan Application Amount | $723,000 |
| Average Applicant Income | $72,192 |
| Highest Applicant Income | $434,000 |
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Act (HMDA) records Rms & Associates filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 580 | $ 118,907,000 | $ 205,012 | $ 72,000 |
| San Diego-Carlsbad-San Marcos, CA | 2 | $ 504,000 | $ 252,000 | $ 53,000 |
| Orlando-Kissimmee, FL | 1 | $ 192,000 | $ 192,000 | $ 105,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 651,000 | $ 651,000 | $ 142,000 |
| Prescott, AZ | 1 | $ 186,000 | $ 186,000 | $ 115,000 |
| Riverside-San Bernardino-Ontario, CA | 1 | $ 163,000 | $ 163,000 | $ 56,000 |
| Visalia-Porterville, CA | 1 | $ 132,000 | $ 132,000 | $ 37,000 |
Mortgage Loan Application Detail Totals for Rms & Associates 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 | 514 | $101,495,000 | $197,000 | $651,000 | $74,000 | $434,000 |
| Refinancing | 150 | $35,671,000 | $237,000 | $723,000 | $66,000 | $360,000 |
| 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 | 317 | $69,954,000 | $220,000 | $723,000 | $85,000 | $384,000 |
| Hispanic | 274 | $51,213,000 | $186,000 | $651,000 | $55,000 | $166,000 |
| Asian | 37 | $8,574,000 | $231,000 | $450,000 | $87,000 | $360,000 |
| Black or African American | 16 | $3,414,000 | $213,000 | $419,000 | $88,000 | $434,000 |
| Native Hawaiian or Other Pacific Islander | 10 | $1,914,000 | $191,000 | $263,000 | $53,000 | $90,000 |
| Not Provided | 9 | $1,804,000 | $200,000 | $277,000 | $56,000 | $108,000 |
| American Indian or Alaskan Native | 1 | $293,000 | $293,000 | $293,000 | $77,000 | $77,000 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 398 | $79,318,000 | $199,000 | $651,000 | $61,000 | $233,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 239 | $51,803,000 | $216,000 | $723,000 | $91,000 | $434,000 |
| VA-guaranteed (Veterans Administration) | 27 | $6,045,000 | $223,000 | $419,000 | $66,000 | $116,000 |
| 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 | 583 | $118,235,000 | $202,000 | $651,000 | $71,000 | $434,000 |
| Application Withdrawn By Applicant | 41 | $9,903,000 | $241,000 | $723,000 | $78,000 | $360,000 |
| Application Approved But Not Accepted | 28 | $6,586,000 | $235,000 | $617,000 | $90,000 | $384,000 |
| Loan Originated | 7 | $1,575,000 | $225,000 | $352,000 | $98,000 | $210,000 |
| File Closed For Incompleteness | 3 | $575,000 | $191,000 | $241,000 | $47,000 | $66,000 |
| Application Denied By Financial Institution | 2 | $292,000 | $146,000 | $202,000 | $137,000 | $148,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 1 | $90,000 | $90,000 | $90,000 | $148,000 | $148,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Rms & Associates'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 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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