Access Financial Network Group Mortgage Lending & HMDA Data, 2007
In 2007, Access Financial Network Group of Huntington Beach, CA reported 103 mortgage applications totaling $40.2 million. The average application was for $389,980, and applicants reported an average income of $125,223. 14% of its applications resulted in an originated loan and 86% were denied. Its largest markets were Riverside-San Bernardino-Ontario, CA (42), Los Angeles-Long Beach-Glendale, CA (32) and Santa Ana-Anaheim-Irvine, CA (16) (applications in parentheses).
| Mortgage Company & Address | Access Financial Network Group 101 Main Street, Suite 260 Huntington Beach, CA 92648 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 |
| Total Number of Mortgage Applications | 103 |
| Total Mortgage Loan Application Amount | $40,168,000 |
| Average Mortgage Loan Application Amount | $389,980 |
| Highest Mortgage Loan Application Amount | $1,148,000 |
| Average Applicant Income | $125,223 |
| Highest Applicant Income | $291,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Access Financial Network Group filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Access Financial Network Group 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 | 68 | $26,499,000 | $389,000 | $1,148,000 | $124,000 | $291,000 |
| Home Purchase | 32 | $11,674,000 | $364,000 | $650,000 | $124,000 | $250,000 |
| Home Improvement | 3 | $1,995,000 | $665,000 | $1,040,000 | $166,000 | $282,000 |
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 | 59 | $21,248,000 | $360,000 | $650,000 | $109,000 | $223,000 |
| White | 14 | $5,353,000 | $382,000 | $987,000 | $132,000 | $265,000 |
| Black or African American | 13 | $5,418,000 | $416,000 | $1,148,000 | $142,000 | $291,000 |
| Not Provided | 12 | $6,335,000 | $527,000 | $1,040,000 | $158,000 | $282,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $590,000 | $295,000 | $410,000 | $118,000 | $167,000 |
| Asian | 2 | $841,000 | $420,000 | $650,000 | $228,000 | $250,000 |
| American Indian or Alaskan Native | 1 | $383,000 | $383,000 | $383,000 | $180,000 | $180,000 |
| 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) | 103 | $40,168,000 | $389,000 | $1,148,000 | $125,000 | $291,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 89 | $34,314,000 | $385,000 | $1,040,000 | $125,000 | $291,000 |
| Loan Originated | 14 | $5,854,000 | $418,000 | $1,148,000 | $128,000 | $290,000 |
| 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 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application 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 | $15,305,000 | $364,000 | $1,040,000 | $119,000 | $282,000 |
| Unverifiable Information | 22 | $8,855,000 | $402,000 | $685,000 | $142,000 | $291,000 |
| Credit History | 14 | $5,467,000 | $390,000 | $776,000 | $127,000 | $233,000 |
| Collateral | 4 | $1,858,000 | $464,000 | $650,000 | $139,000 | $183,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $1,113,000 | $371,000 | $459,000 | $104,000 | $139,000 |
| Debt-To-Income Ratio | 2 | $1,039,000 | $519,000 | $657,000 | $94,000 | $102,000 |
| Employment History | 1 | $297,000 | $297,000 | $297,000 | $70,000 | $70,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Access Financial Network Group'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 Access Financial Network Group'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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