Bank of Hope Mortgage Lending & HMDA Data, 2018

In 2018, Bank of Hope of Los Angeles, CA reported 1,322 mortgage applications totaling $1.1 billion, up 50% from 2017. The average application was for $853,608, and applicants reported an average income of $390,191. 53% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (755), Anaheim-Santa Ana-Irvine, CA (208) and Riverside-San Bernardino-Ontario, CA (51) (applications in parentheses).

Mortgage Company & Address Bank of Hope
3200 Wilshire Blvd
Los Angeles, CA 90010
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  
Total Number of Mortgage Applications 1,322
Total Mortgage Loan Application Amount $1,128,470,000
Average Mortgage Loan Application Amount $853,608
Highest Mortgage Loan Application Amount $20,785,000
Average Applicant Income $390,191
Highest Applicant Income $7,906,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bank of Hope filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Bank of Hope by County in 2018

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Los Angeles, California 755 $ 762,625,000 $ 1,010,099 $ 409,000
Orange, California 208 $ 161,590,000 $ 776,875 $ 346,000
San Diego, California 40 $ 28,900,000 $ 722,500 $ 911,000
Riverside, California 32 $ 14,160,000 $ 442,500 $ 697,000
Ventura, California 25 $ 17,715,000 $ 708,600 $ 363,000
San Bernardino, California 19 $ 7,115,000 $ 374,473 $ 444,000
Cook, Illinois 16 $ 3,600,000 $ 225,000 $ 70,000
Santa Clara, California 10 $ 7,650,000 $ 765,000 $ 317,000
King, Washington 10 $ 4,180,000 $ 418,000 $ 164,000
Alameda, California 9 $ 5,465,000 $ 607,222 $ 401,000
New York, New York 7 $ 18,095,000 $ 2,585,000 $ 513,000
Maricopa, Arizona 6 $ 3,460,000 $ 576,666 $ 206,000
San Mateo, California 6 $ 4,290,000 $ 715,000 $ 311,000
Contra Costa, California 5 $ 3,985,000 $ 797,000 $ 114,000
Mono, California 5 $ 2,305,000 $ 461,000 $ 539,000
Santa Barbara, California 5 $ 4,245,000 $ 849,000 $ 332,000
Bergen, New Jersey 5 $ 3,145,000 $ 629,000 $ 290,000
Queens, New York 5 $ 2,795,000 $ 559,000 $ 186,000
Tarrant, Texas 5 $ 2,615,000 $ 523,000 $ 414,000
Nassau, New York 4 $ 3,280,000 $ 820,000 $ 344,000
Dallas, Texas 4 $ 4,370,000 $ 1,092,500 $ 78,000
Kitsap, Washington 4 $ 2,180,000 $ 545,000 $ 122,000
Pierce, Washington 4 $ 3,330,000 $ 832,500 $ 211,000
Kern, California 3 $ 845,000 $ 281,666 $ 316,000
Marin, California 3 $ 2,755,000 $ 918,333 $ 309,000
Sacramento, California 3 $ 1,105,000 $ 368,333 $ 0
San Luis Obispo, California 3 $ 1,165,000 $ 388,333 $ 100,000
DuPage, Illinois 3 $ 545,000 $ 181,666 $ 40,000
Clark, Nevada 3 $ 1,805,000 $ 601,666 $ 0
Kings, New York 3 $ 2,975,000 $ 991,666 $ 184,000
Suffolk, New York 3 $ 1,265,000 $ 421,666 $ 478,000
Bexar, Texas 3 $ 1,745,000 $ 581,666 $ 233,000
Travis, Texas 3 $ 1,275,000 $ 425,000 $ 162,000
Snohomish, Washington 3 $ 755,000 $ 251,666 $ 73,000
El Dorado, California 2 $ 1,620,000 $ 810,000 $ 592,000
Monterey, California 2 $ 740,000 $ 370,000 $ 148,000
Placer, California 2 $ 760,000 $ 380,000 $ 120,000
San Francisco, California 2 $ 2,240,000 $ 1,120,000 $ 208,000
Arapahoe, Colorado 2 $ 530,000 $ 265,000 $ 256,000
Pasco, Florida 2 $ 400,000 $ 200,000 $ 0
Hudson, New Jersey 2 $ 860,000 $ 430,000 $ 479,000
Middlesex, New Jersey 2 $ 330,000 $ 165,000 $ 0
Cameron, Texas 2 $ 360,000 $ 180,000 $ 290,000
Denton, Texas 2 $ 420,000 $ 210,000 $ 72,000
Henderson, Texas 2 $ 590,000 $ 295,000 $ 116,000
Salt Lake, Utah 2 $ 590,000 $ 295,000 $ 0
Washington, Utah 2 $ 290,000 $ 145,000 $ 0
Thurston, Washington 2 $ 560,000 $ 280,000 $ 63,000
Dale, Alabama 1 $ 195,000 $ 195,000 $ 0
Anchorage, Alaska 1 $ 1,575,000 $ 1,575,000 $ 0
Pima, Arizona 1 $ 245,000 $ 245,000 $ 218,000
Pinal, Arizona 1 $ 155,000 $ 155,000 $ 0
Yavapai, Arizona 1 $ 325,000 $ 325,000 $ 0
San Joaquin, California 1 $ 245,000 $ 245,000 $ 0
Solano, California 1 $ 255,000 $ 255,000 $ 0
Stanislaus, California 1 $ 245,000 $ 245,000 $ 55,000
Jefferson, Colorado 1 $ 305,000 $ 305,000 $ 0
Larimer, Colorado 1 $ 315,000 $ 315,000 $ 253,000
Weld, Colorado 1 $ 275,000 $ 275,000 $ 0
Clay, Florida 1 $ 265,000 $ 265,000 $ 0
St. Lucie, Florida 1 $ 395,000 $ 395,000 $ 0
Canyon, Idaho 1 $ 195,000 $ 195,000 $ 0
Kendall, Illinois 1 $ 185,000 $ 185,000 $ 76,000
McHenry, Illinois 1 $ 355,000 $ 355,000 $ 122,000
Williamson, Illinois 1 $ 125,000 $ 125,000 $ 0
Marion, Indiana 1 $ 255,000 $ 255,000 $ 0
Christian, Kentucky 1 $ 205,000 $ 205,000 $ 0
Baltimore City, Maryland 1 $ 475,000 $ 475,000 $ 0
Washington, Maryland 1 $ 355,000 $ 355,000 $ 0
St. Clair, Michigan 1 $ 375,000 $ 375,000 $ 0
Andrew, Missouri 1 $ 155,000 $ 155,000 $ 0
Stoddard, Missouri 1 $ 105,000 $ 105,000 $ 0
Essex, New Jersey 1 $ 1,105,000 $ 1,105,000 $ 767,000
Monmouth, New Jersey 1 $ 485,000 $ 485,000 $ 480,000
Ocean, New Jersey 1 $ 275,000 $ 275,000 $ 0
Passaic, New Jersey 1 $ 355,000 $ 355,000 $ 0
Union, New Jersey 1 $ 335,000 $ 335,000 $ 0
Erie, New York 1 $ 245,000 $ 245,000 $ 0
Cumberland, North Carolina 1 $ 305,000 $ 305,000 $ 0
Gaston, North Carolina 1 $ 425,000 $ 425,000 $ 0
Graham, North Carolina 1 $ 215,000 $ 215,000 $ 0
Lee, North Carolina 1 $ 295,000 $ 295,000 $ 0
Union, North Carolina 1 $ 215,000 $ 215,000 $ 0
Pickaway, Ohio 1 $ 165,000 $ 165,000 $ 0
Jackson, Oregon 1 $ 265,000 $ 265,000 $ 0
Washington, Pennsylvania 1 $ 295,000 $ 295,000 $ 0
Berkeley, South Carolina 1 $ 155,000 $ 155,000 $ 0
Greenville, South Carolina 1 $ 155,000 $ 155,000 $ 0
Sumter, South Carolina 1 $ 195,000 $ 195,000 $ 0
Rutherford, Tennessee 1 $ 385,000 $ 385,000 $ 0
Shelby, Tennessee 1 $ 175,000 $ 175,000 $ 0
Bastrop, Texas 1 $ 345,000 $ 345,000 $ 0
Collin, Texas 1 $ 315,000 $ 315,000 $ 77,000
Fort Bend, Texas 1 $ 335,000 $ 335,000 $ 0
Harris, Texas 1 $ 955,000 $ 955,000 $ 380,000
Tom Green, Texas 1 $ 195,000 $ 195,000 $ 86,000
Davis, Utah 1 $ 235,000 $ 235,000 $ 0
Chesapeake, Virginia 1 $ 265,000 $ 265,000 $ 0
Fairfax, Virginia 1 $ 155,000 $ 155,000 $ 0
Newport News, Virginia 1 $ 195,000 $ 195,000 $ 0
Prince William, Virginia 1 $ 225,000 $ 225,000 $ 0
Virginia Beach, Virginia 1 $ 425,000 $ 425,000 $ 0
Clark, Washington 1 $ 3,155,000 $ 3,155,000 $ 0
Island, Washington 1 $ 255,000 $ 255,000 $ 0
Kittitas, Washington 1 $ 1,255,000 $ 1,255,000 $ 0
Mason, Washington 1 $ 215,000 $ 215,000 $ 0
Walla Walla, Washington 1 $ 255,000 $ 255,000 $ 137,000
Campbell, Wyoming 1 $ 245,000 $ 245,000 $ 0

Mortgage Loan Application Detail Totals for Bank of Hope in 2018

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 665 $610,835,000 $918,000 $20,785,000 $406,000 $7,906,000
Cash-out Refinancing 363 $275,205,000 $758,000 $7,005,000 $363,000 $2,785,000
Refinancing 254 $200,680,000 $790,000 $5,255,000 $388,000 $5,928,000
Home Improvement 39 $41,465,000 $1,063,000 $4,405,000 $388,000 $2,160,000
Not Applicable 1 $285,000 $285,000 $285,000 $0 $0
Other Purpose 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 489 $534,135,000 $1,092,000 $8,145,000 $452,000 $5,928,000
Not applicable 398 $275,390,000 $691,000 $20,785,000 $0 $0
Not Provided 173 $135,115,000 $781,000 $2,755,000 $308,000 $2,785,000
Asian 42 $31,960,000 $760,000 $4,005,000 $456,000 $7,906,000
Hispanic 18 $14,630,000 $812,000 $2,505,000 $297,000 $977,000
Black or African American 4 $3,180,000 $795,000 $1,025,000 $205,000 $262,000
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
American Indian or Alaskan Native 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) 1,250 $1,109,940,000 $887,000 $20,785,000 $393,000 $7,906,000
VA-guaranteed (Veterans Administration) 58 $15,790,000 $272,000 $745,000 $0 $0
FHA-insured (Federal Housing Administration) 14 $2,740,000 $195,000 $295,000 $45,000 $45,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 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
Loan Originated 702 $658,470,000 $937,000 $8,405,000 $392,000 $7,906,000
Loan Purchased By The Institution 324 $146,870,000 $453,000 $1,865,000 $0 $0
Application Withdrawn By Applicant 151 $159,195,000 $1,054,000 $5,155,000 $372,000 $3,018,000
Application Denied By Financial Institution 78 $93,600,000 $1,200,000 $20,785,000 $363,000 $2,160,000
Application Approved But Not Accepted 37 $46,755,000 $1,263,000 $8,145,000 $607,000 $5,928,000
File Closed For Incompleteness 28 $23,060,000 $823,000 $4,405,000 $353,000 $1,072,000
Preapproval Denied by Financial Institution 2 $520,000 $260,000 $375,000 $94,000 $189,000
Preapproval 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
Not applicable 1,242 $1,034,350,000 $832,000 $8,405,000 $396,000 $7,906,000
Other 40 $60,900,000 $1,522,000 $20,785,000 $381,000 $1,993,000
Debt-To-Income Ratio 19 $17,505,000 $921,000 $2,995,000 $466,000 $2,160,000
Credit History 13 $9,345,000 $718,000 $1,495,000 $210,000 $369,000
Insufficient Cash (Downpayment, Closing Cost) 4 $2,430,000 $607,000 $985,000 $173,000 $295,000
Unverifiable Information 2 $3,090,000 $1,545,000 $2,285,000 $309,000 $425,000
Collateral 2 $850,000 $425,000 $605,000 $197,000 $218,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Bank of Hope's 2018 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 Bank of Hope'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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