Axis Mortgage & Investments, L Mortgage Lending & HMDA Data, 2003
In 2003, Axis Mortgage & Investments, L of Mesa, AZ reported 3,774 mortgage applications totaling $547.4 million. The average application was for $145,050, and applicants reported an average income of $62,167. 69% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Phoenix-Mesa, AZ (2,571), Yuma, AZ (405) and Denver, CO (125) (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 | 3,774 |
| Total Mortgage Loan Application Amount | $547,421,000 |
| Average Mortgage Loan Application Amount | $145,050 |
| Highest Mortgage Loan Application Amount | $2,000,000 |
| Average Applicant Income | $62,167 |
| Highest Applicant Income | $4,848,000 |
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records Axis Mortgage & Investments, L filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2003
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 (one-to-four family) | 2,290 | $307,192,000 | $179,166 | $2,000,000 | $136,083 | $4,848,000 |
| Refinancing (home purchase or home improvement, one-to-four family) | 1,484 | $240,229,000 | $182,692 | $1,680,000 | $76,076 | $900,000 |
| Home Improvement (one-to-four family) | 0 | $0 | $0 | $0 | $0 | $0 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 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 | 2,096 | $326,908,000 | $157,785 | $2,000,000 | $130,071 | $4,848,000 |
| Hispanic | 835 | $98,080,000 | $141,200 | $634,000 | $37,400 | $529,000 |
| Not applicable | 386 | $53,448,000 | $163,777 | $945,000 | $69,000 | $1,200,000 |
| Information not provided by applicant in mail or telephone application | 326 | $49,046,000 | $138,428 | $720,000 | $93,714 | $1,044,000 |
| Black | 71 | $9,649,000 | $131,250 | $578,000 | $129,750 | $482,000 |
| Asian or Pacific Islander | 35 | $6,685,000 | $237,500 | $1,495,000 | $83,250 | $900,000 |
| Other | 14 | $2,369,000 | $169,000 | $910,000 | $54,000 | $198,000 |
| American Indian or Alaskan Native | 11 | $1,236,000 | $112,000 | $168,000 | $35,000 | $79,000 |
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) | 2,804 | $433,932,000 | $160,333 | $2,000,000 | $118,466 | $4,848,000 |
| FHA-insured (Federal Housing Administration) | 824 | $94,085,000 | $114,500 | $281,000 | $29,000 | $177,000 |
| VA-guaranteed (Veterans Administration) | 131 | $18,243,000 | $182,000 | $240,000 | $45,666 | $106,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 15 | $1,161,000 | $77,000 | $96,000 | $29,000 | $47,000 |
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 | 2,608 | $374,110,000 | $172,363 | $1,000,000 | $97,090 | $4,848,000 |
| Application Withdrawn By Applicant | 839 | $117,043,000 | $151,400 | $1,499,000 | $323,600 | $2,470,000 |
| Application Approved But Not Accepted | 255 | $42,301,000 | $139,800 | $2,000,000 | $85,700 | $900,000 |
| Application Denied By Financial Institution | 65 | $13,195,000 | $335,500 | $1,680,000 | $64,500 | $216,000 |
| File Closed For Incompleteness | 7 | $772,000 | $110,000 | $216,000 | $36,000 | $70,000 |
| Loan Purchased By The 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 2003 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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