Amtec Funding Group, Llc. Mortgage Lending & HMDA Data, 2009
In 2009, Amtec Funding Group, Llc. of Costa Mesa, CA reported 998 mortgage applications totaling $227.1 million, up 9% from 2008. The average application was for $227,588, and applicants reported an average income of $50,208. 32% of its applications resulted in an originated loan and 68% were denied. Its largest markets were Riverside-San Bernardino-Ontario, CA (73), Los Angeles-Long Beach-Glendale, CA (52) and New Orleans-Metairie-Kenner, LA (41) (applications in parentheses).
| Mortgage Company & Address | Amtec Funding Group, Llc. 3330 Harbor Boulevard Costa Mesa, CA 92626 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2011 2010 2009 2008 2007 2006 |
| Total Number of Mortgage Applications | 998 |
| Total Mortgage Loan Application Amount | $227,133,000 |
| Average Mortgage Loan Application Amount | $227,588 |
| Highest Mortgage Loan Application Amount | $765,000 |
| Average Applicant Income | $50,208 |
| Highest Applicant Income | $1,120,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Amtec Funding Group, Llc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Amtec Funding Group, Llc. 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 |
|---|---|---|---|---|---|---|
| Refinancing | 922 | $207,511,000 | $225,000 | $765,000 | $48,000 | $1,120,000 |
| Home Purchase | 76 | $19,622,000 | $258,000 | $700,000 | $77,000 | $493,000 |
| 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 | 502 | $114,971,000 | $229,000 | $765,000 | $53,000 | $600,000 |
| Not Provided | 314 | $68,875,000 | $219,000 | $730,000 | $51,000 | $396,000 |
| Hispanic | 91 | $21,873,000 | $240,000 | $591,000 | $52,000 | $1,120,000 |
| Black or African American | 36 | $7,846,000 | $217,000 | $743,000 | $32,000 | $138,000 |
| Asian | 26 | $7,547,000 | $290,000 | $540,000 | $21,000 | $147,000 |
| Native Hawaiian or Other Pacific Islander | 21 | $4,229,000 | $201,000 | $370,000 | $38,000 | $118,000 |
| American Indian or Alaskan Native | 8 | $1,792,000 | $224,000 | $443,000 | $63,000 | $160,000 |
| 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) | 600 | $142,541,000 | $237,000 | $743,000 | $37,000 | $1,120,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 398 | $84,592,000 | $212,000 | $765,000 | $71,000 | $600,000 |
| 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 | 677 | $150,345,000 | $222,000 | $765,000 | $50,000 | $600,000 |
| Loan Originated | 321 | $76,788,000 | $239,000 | $737,000 | $51,000 | $1,120,000 |
| 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 |
|---|---|---|---|---|---|---|
| Unverifiable Information | 445 | $98,446,000 | $221,000 | $730,000 | $49,000 | $600,000 |
| Credit History | 135 | $29,859,000 | $221,000 | $580,000 | $55,000 | $300,000 |
| Credit Application Incomplete | 60 | $13,572,000 | $226,000 | $765,000 | $49,000 | $350,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 13 | $3,001,000 | $230,000 | $743,000 | $54,000 | $138,000 |
| Collateral | 12 | $2,716,000 | $226,000 | $560,000 | $54,000 | $125,000 |
| Mortgage Insurance Denied | 10 | $2,226,000 | $222,000 | $356,000 | $28,000 | $75,000 |
| Debt-To-Income Ratio | 1 | $385,000 | $385,000 | $385,000 | $0 | $0 |
| Employment History | 1 | $140,000 | $140,000 | $140,000 | $34,000 | $34,000 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Amtec Funding Group, Llc.'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 Amtec Funding Group, Llc.'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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