2020 Mortgage, Inc. Mortgage Lending & HMDA Data, 2007
In 2007, 2020 Mortgage, Inc. of San Diego, CA reported 462 mortgage applications totaling $138.7 million, down 4% from 2006. The average application was for $300,218, and applicants reported an average income of $99,978. 83% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (46), Riverside-San Bernardino-Ontario, CA (43) and Phoenix-Mesa-Scottsdale, AZ (40) (applications in parentheses).
| Mortgage Company & Address | 2020 Mortgage, Inc. 9444 Waples Street Suite 280 San Diego, CA 92121 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 |
| Total Number of Mortgage Applications | 462 |
| Total Mortgage Loan Application Amount | $138,701,000 |
| Average Mortgage Loan Application Amount | $300,218 |
| Highest Mortgage Loan Application Amount | $2,000,000 |
| Average Applicant Income | $99,978 |
| Highest Applicant Income | $2,880,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records 2020 Mortgage, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Los Angeles-Long Beach-Glendale, CA | 46 | $ 21,812,000 | $ 474,173 | $ 280,000 |
| Riverside-San Bernardino-Ontario, CA | 43 | $ 13,994,000 | $ 325,441 | $ 89,000 |
| Phoenix-Mesa-Scottsdale, AZ | 40 | $ 10,170,000 | $ 254,250 | $ 87,000 |
| Seattle-Bellevue-Everett, WA | 33 | $ 9,500,000 | $ 287,878 | $ 80,000 |
| Baltimore-Towson, MD | 30 | $ 6,885,000 | $ 229,500 | $ 65,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 26 | $ 7,706,000 | $ 296,384 | $ 86,384 |
| Portland-Vancouver-Beaverton, OR-WA | 15 | $ 3,727,000 | $ 248,466 | $ 71,000 |
| Tacoma, WA | 15 | $ 4,017,000 | $ 267,800 | $ 75,000 |
| San Diego-Carlsbad-San Marcos, CA | 14 | $ 5,142,000 | $ 367,285 | $ 105,000 |
| Oakland-Fremont-Hayward, CA | 12 | $ 4,957,000 | $ 413,083 | $ 90,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 10 | $ 2,939,000 | $ 293,900 | $ 79,000 |
| Santa Ana-Anaheim-Irvine, CA | 10 | $ 3,533,000 | $ 353,300 | $ 77,000 |
| Tucson, AZ | 10 | $ 2,153,000 | $ 215,300 | $ 71,000 |
| Vallejo-Fairfield, CA | 9 | $ 2,839,000 | $ 315,444 | $ 108,000 |
| Bethesda-Gaithersburg-Frederick, MD | 8 | $ 2,681,000 | $ 335,125 | $ 94,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 8 | $ 1,163,000 | $ 145,375 | $ 57,000 |
| Stockton, CA | 7 | $ 2,143,000 | $ 306,142 | $ 108,000 |
| Visalia-Porterville, CA | 7 | $ 1,183,000 | $ 169,000 | $ 53,000 |
| Lake Havasu City-Kingman, AZ | 6 | $ 1,071,000 | $ 178,500 | $ 45,000 |
| Modesto, CA | 5 | $ 1,333,000 | $ 266,600 | $ 98,000 |
| Richmond, VA | 5 | $ 724,000 | $ 144,800 | $ 57,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 5 | $ 2,229,000 | $ 445,800 | $ 87,000 |
| Spokane, WA | 5 | $ 683,000 | $ 136,600 | $ 94,000 |
| Bakersfield, CA | 4 | $ 1,032,000 | $ 258,000 | $ 45,000 |
| Bellingham, WA | 4 | $ 1,173,000 | $ 293,250 | $ 55,000 |
| Bremerton-Silverdale, WA | 4 | $ 654,000 | $ 163,500 | $ 81,000 |
| Fresno, CA | 4 | $ 884,000 | $ 221,000 | $ 59,000 |
| Olympia, WA | 4 | $ 1,899,000 | $ 474,750 | $ 153,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 4 | $ 2,209,000 | $ 552,250 | $ 126,000 |
| San Francisco-San Mateo-Redwood City, CA | 3 | $ 1,958,000 | $ 652,666 | $ 149,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 3 | $ 1,084,000 | $ 361,333 | $ 68,000 |
| Bend, OR | 2 | $ 627,000 | $ 313,500 | $ 69,000 |
| Eugene-Springfield, OR | 2 | $ 371,000 | $ 185,500 | $ 72,000 |
| Flagstaff, AZ | 2 | $ 446,000 | $ 223,000 | $ 69,000 |
| Kennewick-Richland-Pasco, WA | 2 | $ 286,000 | $ 143,000 | $ 50,000 |
| Longview, WA | 2 | $ 328,000 | $ 164,000 | $ 57,000 |
| Madera, CA | 2 | $ 374,000 | $ 187,000 | $ 45,000 |
| Mount Vernon-Anacortes, WA | 2 | $ 524,000 | $ 262,000 | $ 71,000 |
| Prescott, AZ | 2 | $ 437,000 | $ 218,500 | $ 70,000 |
| Roanoke, VA | 2 | $ 452,000 | $ 226,000 | $ 78,000 |
| Salem, OR | 2 | $ 595,000 | $ 297,500 | $ 75,000 |
| Yuma, AZ | 2 | $ 318,000 | $ 159,000 | $ 46,000 |
| Chico, CA | 1 | $ 300,000 | $ 300,000 | $ 50,000 |
| Denver-Aurora, CO | 1 | $ 193,000 | $ 193,000 | $ 84,000 |
| El Centro, CA | 1 | $ 190,000 | $ 190,000 | $ 77,000 |
| Hagerstown-Martinsburg, MD-WV | 1 | $ 384,000 | $ 384,000 | $ 194,000 |
| Hanford-Corcoran, CA | 1 | $ 178,000 | $ 178,000 | $ 70,000 |
| Medford, OR | 1 | $ 224,000 | $ 224,000 | $ 36,000 |
| Napa, CA | 1 | $ 648,000 | $ 648,000 | $ 154,000 |
| Redding, CA | 1 | $ 100,000 | $ 100,000 | $ 69,000 |
| Salinas, CA | 1 | $ 294,000 | $ 294,000 | $ 99,000 |
| San Luis Obispo-Paso Robles, CA | 1 | $ 457,000 | $ 457,000 | $ 89,000 |
| Santa Rosa-Petaluma, CA | 1 | $ 445,000 | $ 445,000 | $ 0 |
| Wilmington, DE-MD-NJ | 1 | $ 120,000 | $ 120,000 | $ 75,000 |
| Yuba City, CA | 1 | $ 266,000 | $ 266,000 | $ 0 |
Mortgage Loan Application Detail Totals for 2020 Mortgage, Inc. in 2007
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 |
|---|---|---|---|---|---|---|
| Refinancing | 452 | $134,398,000 | $297,000 | $2,000,000 | $100,000 | $2,880,000 |
| Home Purchase | 10 | $4,303,000 | $430,000 | $995,000 | $99,000 | $330,000 |
| 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 | 314 | $94,527,000 | $301,000 | $2,000,000 | $109,000 | $2,880,000 |
| Hispanic | 64 | $17,946,000 | $280,000 | $600,000 | $74,000 | $218,000 |
| Black or African American | 49 | $14,873,000 | $303,000 | $738,000 | $90,000 | $256,000 |
| Asian | 17 | $6,477,000 | $381,000 | $995,000 | $82,000 | $330,000 |
| Not Provided | 8 | $2,142,000 | $267,000 | $465,000 | $81,000 | $120,000 |
| American Indian or Alaskan Native | 6 | $1,567,000 | $261,000 | $435,000 | $69,000 | $128,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $1,169,000 | $292,000 | $325,000 | $76,000 | $97,000 |
| 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) | 462 | $138,701,000 | $300,000 | $2,000,000 | $100,000 | $2,880,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 Originated | 384 | $113,517,000 | $295,000 | $2,000,000 | $101,000 | $2,880,000 |
| Application Withdrawn By Applicant | 46 | $13,039,000 | $283,000 | $568,000 | $85,000 | $240,000 |
| Application Denied By Financial Institution | 32 | $12,145,000 | $379,000 | $1,168,000 | $106,000 | $588,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 11 | $5,320,000 | $483,000 | $1,168,000 | $119,000 | $441,000 |
| Credit History | 10 | $2,916,000 | $291,000 | $635,000 | $122,000 | $588,000 |
| Employment History | 4 | $1,275,000 | $318,000 | $458,000 | $75,000 | $120,000 |
| Other | 2 | $474,000 | $237,000 | $271,000 | $68,000 | $79,000 |
| Unverifiable Information | 2 | $1,259,000 | $629,000 | $970,000 | $151,000 | $244,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $255,000 | $255,000 | $255,000 | $35,000 | $35,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into 2020 Mortgage, Inc.'s 2007 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 2020 Mortgage, Inc.'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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