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records Axis Mortgage & Investments, L filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Phoenix-Mesa-Scottsdale, AZ | 2,705 | $ 352,838,000 | $ 130,439 | $ 57,000 |
| Yuma, AZ | 316 | $ 31,526,000 | $ 99,765 | $ 41,000 |
| El Centro, CA | 245 | $ 36,112,000 | $ 147,395 | $ 66,000 |
| Denver-Aurora, CO | 230 | $ 34,104,000 | $ 148,278 | $ 73,000 |
| Tucson, AZ | 224 | $ 22,437,000 | $ 100,165 | $ 63,000 |
| Pocatello, ID | 55 | $ 4,279,000 | $ 77,800 | $ 74,000 |
| Seattle-Bellevue-Everett, WA | 47 | $ 8,977,000 | $ 191,000 | $ 73,000 |
| Salt Lake City, UT | 44 | $ 4,907,000 | $ 111,522 | $ 54,000 |
| Prescott, AZ | 43 | $ 7,990,000 | $ 185,813 | $ 90,000 |
| Santa Fe, NM | 40 | $ 12,942,000 | $ 323,550 | $ 53,000 |
| San Antonio, TX | 39 | $ 2,429,000 | $ 62,282 | $ 164,000 |
| Ogden-Clearfield, UT | 38 | $ 2,755,000 | $ 72,500 | $ 60,000 |
| San Diego-Carlsbad-San Marcos, CA | 34 | $ 9,137,000 | $ 268,735 | $ 122,000 |
| Idaho Falls, ID | 31 | $ 2,303,000 | $ 74,290 | $ 52,000 |
| Las Vegas-Paradise, NV | 31 | $ 5,997,000 | $ 193,451 | $ 140,000 |
| Boise City-Nampa, ID | 30 | $ 3,433,000 | $ 114,433 | $ 87,000 |
| Albuquerque, NM | 29 | $ 2,642,000 | $ 91,103 | $ 105,000 |
| Flagstaff, AZ | 25 | $ 4,767,000 | $ 190,680 | $ 58,000 |
| Dallas-Plano-Irving, TX | 20 | $ 1,276,000 | $ 63,800 | $ 174,000 |
| Houston-Baytown-Sugar Land, TX | 20 | $ 1,411,000 | $ 70,550 | $ 71,000 |
| Riverside-San Bernardino-Ontario, CA | 20 | $ 6,057,000 | $ 302,850 | $ 152,000 |
| Coeur D'Alene, ID | 15 | $ 2,103,000 | $ 140,200 | $ 27,000 |
| Provo-Orem, UT | 14 | $ 3,278,000 | $ 234,142 | $ 96,000 |
| Grand Junction, CO | 13 | $ 1,223,000 | $ 94,076 | $ 96,000 |
| Greeley, CO | 12 | $ 1,179,000 | $ 98,250 | $ 44,000 |
| Los Angeles-Long Beach-Glendale, CA | 12 | $ 4,460,000 | $ 371,666 | $ 92,000 |
| Colorado Springs, CO | 9 | $ 1,567,000 | $ 174,111 | $ 100,000 |
| Tacoma, WA | 9 | $ 1,193,000 | $ 132,555 | $ 61,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 8 | $ 2,055,000 | $ 256,875 | $ 90,000 |
| Missoula, MT | 7 | $ 1,393,000 | $ 199,000 | $ 0 |
| Boulder, CO | 6 | $ 1,194,000 | $ 199,000 | $ 43,000 |
| Fort Worth-Arlington, TX | 6 | $ 587,000 | $ 97,833 | $ 102,000 |
| Austin-Round Rock, TX | 5 | $ 3,268,000 | $ 653,600 | $ 264,000 |
| Eugene-Springfield, OR | 5 | $ 379,000 | $ 75,800 | $ 162,000 |
| Mount Vernon-Anacortes, WA | 4 | $ 525,000 | $ 131,250 | $ 27,000 |
| Pueblo, CO | 4 | $ 464,000 | $ 116,000 | $ 240,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 3 | $ 742,000 | $ 247,333 | $ 85,000 |
| Portland-Vancouver-Beaverton, OR-WA | 3 | $ 322,000 | $ 107,333 | $ 162,000 |
| Yakima, WA | 3 | $ 432,000 | $ 144,000 | $ 93,000 |
| Billings, MT | 2 | $ 168,000 | $ 84,000 | $ 0 |
| Carson City, NV | 2 | $ 158,000 | $ 79,000 | $ 30,000 |
| Madera, CA | 2 | $ 375,000 | $ 187,500 | $ 0 |
| Oakland-Fremont-Hayward, CA | 2 | $ 1,520,000 | $ 760,000 | $ 473,000 |
| Olympia, WA | 2 | $ 265,000 | $ 132,500 | $ 123,000 |
| Salinas, CA | 2 | $ 1,936,000 | $ 968,000 | $ 252,000 |
| Wenatchee, WA | 2 | $ 119,000 | $ 59,500 | $ 60,000 |
| Chico, CA | 1 | $ 123,000 | $ 123,000 | $ 82,000 |
| Fort Collins-Loveland, CO | 1 | $ 246,000 | $ 246,000 | $ 75,000 |
| Great Falls, MT | 1 | $ 81,000 | $ 81,000 | $ 51,000 |
| Logan, UT-ID | 1 | $ 139,000 | $ 139,000 | $ 0 |
| Lubbock, TX | 1 | $ 62,000 | $ 62,000 | $ 81,000 |
| Philadelphia, PA | 1 | $ 159,000 | $ 159,000 | $ 35,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 380,000 | $ 380,000 | $ 143,000 |
| Santa Ana-Anaheim-Irvine, CA | 1 | $ 290,000 | $ 290,000 | $ 73,000 |
| Vallejo-Fairfield, CA | 1 | $ 220,000 | $ 220,000 | $ 122,000 |
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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