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RCN Capital, LLC in Maryland

HMDA record for properties in Maryland, calendar year 2024. National record · Maryland overview

LEI 254900Y6EUNN0KGMJW67
Reporting agency Department of Housing and Urban Development
State Maryland

HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.

In Maryland, RCN Capital, LLC reported 430 applications and 80 originations for 2024, $17m in all.

Its denial rate in the state was 64.4%, above the Maryland rate of 24.9% across all lenders and compared with the lender's national rate of 58.1%.

Applications in the state were up 48% on 2023.

430applications in MD, 20248.4% of the lender's total
80loans originated$17m
64.4%denial rateMD all lenders 24.9%
—median rate spreadMD 0.3 pp

Compared with the state and the lender's national record

MeasureIn MarylandMaryland, all lendersRCN Capital, LLC, all statesUnited States
Denial rate64.4%24.9%58.1%24.3%
Median rate spread, pp—0.3—0.3
Originations with spread of 1.5 pp or more—17.7%—15.6%
Average originated loan$219k$348k$222k$329k
Home purchase share91.3%56.2%94.9%57.0%
FHA-insured share0.0%14.6%0.0%13.4%
VA-guaranteed share0.0%10.0%0.0%7.9%

Trend by year

ApplicationsOriginations

02154302022: 34 Applications2023: 290 Applications2024: 430 Applications2022: 34 Originations2023: 45 Originations2024: 80 Originations202220232024
RCN Capital, LLC in Maryland: applications and originations, 2022–2024

This lender in stateMaryland, all lenders

0%32.2%64.4%2022: 0% This lender in state2023: 60.2% This lender in state2024: 64.4% This lender in state202220232024
Denial rate by year, state rate dashed

Loan purpose and loan type in Maryland

By purpose

Home purchase 91% (73)Refinancing 4% (3)Cash-out refinancing 5% (4)

By type

Conventional 100% (80)

Denial reasons as coded

Debt-to-income ratio0%
Employment history0%
Credit history0%
Collateral0%
Insufficient cash (downpayment, closing costs)0%
Unverifiable information0%
Credit application incomplete0%
Mortgage insurance denied0%
Other0%

Share of 145 denials in Maryland by first denial reason coded (outlined bar: all lenders in the state).

Counties in Maryland

No county in the state reaches 25 applications.

Questions and answers

How many mortgages did RCN Capital, LLC originate in Maryland in 2024?

80 loans totalling $17m, from 430 applications reported for properties in Maryland.

What is RCN Capital, LLC's denial rate in Maryland?

64.4% of decided applications in Maryland were denied, against 24.9% for all lenders in the state and 58.1% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.

Which Maryland counties does RCN Capital, LLC lend in most?

No county in the state reaches 25 applications.

Where does this data come from?

From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.

Provenance

Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in Maryland. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.