Axis Mortgage & Investments, L Mortgage Lending & HMDA Data, 2004
In 2004, Axis Mortgage & Investments, L of Mesa, AZ reported 4,600 mortgage applications totaling $613.5 million, up 22% from 2003. The average application was for $133,362, and applicants reported an average income of $63,570. 63% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (2,705), Yuma, AZ (316) and El Centro, CA (245) (applications in parentheses).
| Mortgage Company & Address | Axis Mortgage & Investments, L 1201 S. Alma School Rd. Suite 3700 Mesa, AZ 85210 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2004 2003 |
| Total Number of Mortgage Applications | 4,600 |
| Total Mortgage Loan Application Amount | $613,468,000 |
| Average Mortgage Loan Application Amount | $133,362 |
| Highest Mortgage Loan Application Amount | $2,750,000 |
| Average Applicant Income | $63,570 |
| Highest Applicant Income | $1,307,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Axis Mortgage & Investments, L filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Axis Mortgage & Investments, L in 2004
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 | 3,400 | $412,314,000 | $130,384 | $1,950,000 | $80,923 | $1,307,000 |
| Refinancing | 1,200 | $201,154,000 | $177,833 | $2,750,000 | $102,166 | $873,000 |
| 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 | 2,981 | $406,874,000 | $157,000 | $2,750,000 | $95,153 | $1,307,000 |
| Hispanic | 929 | $112,612,000 | $131,555 | $970,000 | $62,111 | $564,000 |
| Not Provided | 395 | $54,704,000 | $156,100 | $1,920,000 | $50,400 | $493,000 |
| Asian | 115 | $17,223,000 | $154,714 | $1,625,000 | $126,571 | $504,000 |
| Black or African American | 96 | $10,779,000 | $145,571 | $472,000 | $91,428 | $337,000 |
| Not applicable | 45 | $6,377,000 | $140,000 | $500,000 | $33,000 | $187,000 |
| American Indian or Alaskan Native | 30 | $4,083,000 | $105,000 | $750,000 | $91,250 | $180,000 |
| Native Hawaiian or Other Pacific Islander | 9 | $816,000 | $93,000 | $204,000 | $75,250 | $156,000 |
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) | 4,173 | $559,682,000 | $148,615 | $2,750,000 | $92,615 | $1,307,000 |
| FHA-insured (Federal Housing Administration) | 358 | $44,009,000 | $138,000 | $177,000 | $40,000 | $117,000 |
| VA-guaranteed (Veterans Administration) | 61 | $9,155,000 | $171,500 | $262,000 | $52,000 | $110,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 8 | $622,000 | $77,000 | $101,000 | $28,000 | $58,000 |
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 | 2,917 | $385,589,000 | $144,769 | $2,750,000 | $89,538 | $840,000 |
| Application Approved But Not Accepted | 804 | $109,948,000 | $136,727 | $1,950,000 | $78,818 | $1,307,000 |
| Application Withdrawn By Applicant | 735 | $97,252,000 | $147,916 | $2,340,000 | $81,500 | $873,000 |
| Application Denied By Financial Institution | 143 | $20,602,000 | $179,090 | $1,500,000 | $100,636 | $792,000 |
| File Closed For Incompleteness | 1 | $77,000 | $77,000 | $77,000 | $26,000 | $26,000 |
| 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 |
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 | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 Axis Mortgage & Investments, L's 2004 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 Axis Mortgage & Investments, L'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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