Rms & Associates Mortgage Lending & HMDA Data, 2009
In 2009, Rms & Associates of Las Vegas, NV reported 725 mortgage applications totaling $120.5 million, up 9% from 2008. The average application was for $166,244, and applicants reported an average income of $53,315. 2% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Las Vegas-Paradise, NV (640), San Diego-Carlsbad-San Marcos, CA (5) and Phoenix-Mesa-Scottsdale, AZ (2) (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 | 725 |
| Total Mortgage Loan Application Amount | $120,527,000 |
| Average Mortgage Loan Application Amount | $166,244 |
| Highest Mortgage Loan Application Amount | $460,000 |
| Average Applicant Income | $53,315 |
| Highest Applicant Income | $798,000 |
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Act (HMDA) records Rms & Associates filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 640 | $ 105,290,000 | $ 164,515 | $ 51,000 |
| San Diego-Carlsbad-San Marcos, CA | 5 | $ 1,179,000 | $ 235,800 | $ 47,000 |
| Phoenix-Mesa-Scottsdale, AZ | 2 | $ 673,000 | $ 336,500 | $ 202,000 |
| Bradenton-Sarasota-Venice, FL | 1 | $ 250,000 | $ 250,000 | $ 158,000 |
| Lake Havasu City-Kingman, AZ | 1 | $ 131,000 | $ 131,000 | $ 52,000 |
| Oakland-Fremont-Hayward, CA | 1 | $ 152,000 | $ 152,000 | $ 46,000 |
| Salinas, CA | 1 | $ 179,000 | $ 179,000 | $ 34,000 |
| Santa Fe, NM | 1 | $ 170,000 | $ 170,000 | $ 41,000 |
| Vallejo-Fairfield, CA | 1 | $ 324,000 | $ 324,000 | $ 108,000 |
Mortgage Loan Application Detail Totals for Rms & Associates in 2009
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 | 528 | $78,357,000 | $148,000 | $417,000 | $65,000 | $798,000 |
| Refinancing | 197 | $42,170,000 | $214,000 | $460,000 | $22,000 | $531,000 |
| 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 |
|---|---|---|---|---|---|---|
| Hispanic | 317 | $43,550,000 | $137,000 | $387,000 | $36,000 | $196,000 |
| White | 304 | $59,011,000 | $194,000 | $419,000 | $65,000 | $798,000 |
| Asian | 53 | $9,657,000 | $182,000 | $383,000 | $71,000 | $260,000 |
| Black or African American | 26 | $4,194,000 | $161,000 | $315,000 | $62,000 | $324,000 |
| Native Hawaiian or Other Pacific Islander | 18 | $2,877,000 | $159,000 | $460,000 | $74,000 | $203,000 |
| Not Provided | 6 | $1,130,000 | $188,000 | $329,000 | $54,000 | $74,000 |
| American Indian or Alaskan Native | 1 | $108,000 | $108,000 | $108,000 | $47,000 | $47,000 |
| 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) | 534 | $86,852,000 | $162,000 | $406,000 | $40,000 | $309,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 139 | $22,171,000 | $159,000 | $460,000 | $105,000 | $798,000 |
| VA-guaranteed (Veterans Administration) | 52 | $11,504,000 | $221,000 | $419,000 | $50,000 | $188,000 |
| 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 | 669 | $112,565,000 | $168,000 | $460,000 | $50,000 | $705,000 |
| Application Approved But Not Accepted | 20 | $3,036,000 | $151,000 | $417,000 | $80,000 | $392,000 |
| Loan Originated | 14 | $1,367,000 | $97,000 | $236,000 | $136,000 | $798,000 |
| Application Withdrawn By Applicant | 11 | $1,570,000 | $142,000 | $221,000 | $63,000 | $119,000 |
| Application Denied By Financial Institution | 10 | $1,887,000 | $188,000 | $321,000 | $60,000 | $110,000 |
| Preapproval Denied by Financial Institution | 1 | $102,000 | $102,000 | $102,000 | $22,000 | $22,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 3 | $290,000 | $96,000 | $105,000 | $38,000 | $51,000 |
| Collateral | 1 | $138,000 | $138,000 | $138,000 | $33,000 | $33,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 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 Rms & Associates's 2009 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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