Bank of Internet USA Mortgage Lending & HMDA Data, 2003
In 2003, Bank of Internet USA of San Diego, CA reported 835 mortgage applications totaling $303.8 million. The average application was for $363,790, and applicants reported an average income of $82,067. 67% of its applications resulted in an originated loan and 8% were denied. Its largest markets were San Diego, CA (118), Los Angeles-Long Beach, CA (112) and Orange County, CA (90) (applications in parentheses).
| Mortgage Company & Address | Bank of Internet USA 12777 High Bluff Drive, Suite 100 San Diego, CA 92130 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 835 |
| Total Mortgage Loan Application Amount | $303,765,000 |
| Average Mortgage Loan Application Amount | $363,790 |
| Highest Mortgage Loan Application Amount | $2,979,000 |
| Average Applicant Income | $82,067 |
| Highest Applicant Income | $714,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bank of Internet USA filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| San Diego, California | 118 | $ 40,471,000 | $ 342,974 | $ 104,000 |
| Los Angeles, California | 112 | $ 65,891,000 | $ 588,312 | $ 63,000 |
| Orange, California | 90 | $ 33,106,000 | $ 367,844 | $ 109,000 |
| Riverside, California | 27 | $ 9,416,000 | $ 348,740 | $ 102,000 |
| Maricopa, Arizona | 24 | $ 10,720,000 | $ 446,666 | $ 53,000 |
| King, Washington | 22 | $ 8,239,000 | $ 374,500 | $ 75,000 |
| Clark, Nevada | 21 | $ 3,227,000 | $ 153,666 | $ 73,000 |
| Santa Clara, California | 17 | $ 7,521,000 | $ 442,411 | $ 137,000 |
| Middlesex, Massachusetts | 14 | $ 3,395,000 | $ 242,500 | $ 133,000 |
| Alameda, California | 13 | $ 5,583,000 | $ 429,461 | $ 112,000 |
| San Bernardino, California | 13 | $ 3,902,000 | $ 300,153 | $ 122,000 |
| Fairfax, Virginia | 13 | $ 2,720,000 | $ 209,230 | $ 114,000 |
| Snohomish, Washington | 11 | $ 3,384,000 | $ 307,636 | $ 48,000 |
| Marin, California | 10 | $ 6,362,000 | $ 636,200 | $ 62,000 |
| Somerset, New Jersey | 10 | $ 2,853,000 | $ 285,300 | $ 115,000 |
| Denver, Colorado | 9 | $ 9,047,000 | $ 1,005,222 | $ 0 |
| Contra Costa, California | 8 | $ 3,116,000 | $ 389,500 | $ 102,000 |
| San Mateo, California | 8 | $ 3,048,000 | $ 381,000 | $ 51,000 |
| Pima, Arizona | 7 | $ 1,206,000 | $ 172,285 | $ 121,000 |
| San Francisco, California | 7 | $ 2,410,000 | $ 344,285 | $ 65,000 |
| Dallas, Texas | 7 | $ 2,830,000 | $ 404,285 | $ 90,000 |
| Sonoma, California | 6 | $ 2,431,000 | $ 405,166 | $ 21,000 |
| Cook, Illinois | 6 | $ 3,176,000 | $ 529,333 | $ 104,000 |
| Bristol, Massachusetts | 6 | $ 1,219,000 | $ 203,166 | $ 121,000 |
| Morris, New Jersey | 6 | $ 1,606,000 | $ 267,666 | $ 104,000 |
| Wake, North Carolina | 6 | $ 1,105,000 | $ 184,166 | $ 113,000 |
| Multnomah, Oregon | 6 | $ 2,641,000 | $ 440,166 | $ 16,000 |
| Washington, Oregon | 6 | $ 3,385,000 | $ 564,166 | $ 49,000 |
| Clark, Washington | 6 | $ 2,619,000 | $ 436,500 | $ 85,000 |
| Jefferson, Colorado | 5 | $ 981,000 | $ 196,200 | $ 40,000 |
| Bergen, New Jersey | 5 | $ 807,000 | $ 161,400 | $ 83,000 |
| Napa, California | 4 | $ 2,181,000 | $ 545,250 | $ 45,000 |
| Hillsborough, New Hampshire | 4 | $ 715,000 | $ 178,750 | $ 70,000 |
| Middlesex, New Jersey | 4 | $ 946,000 | $ 236,500 | $ 90,000 |
| Berks, Pennsylvania | 4 | $ 673,000 | $ 168,250 | $ 101,000 |
| Pierce, Washington | 4 | $ 927,000 | $ 231,750 | $ 115,000 |
| Fresno, California | 3 | $ 1,454,000 | $ 484,666 | $ 97,000 |
| Monterey, California | 3 | $ 1,101,000 | $ 367,000 | $ 81,000 |
| Placer, California | 3 | $ 848,000 | $ 282,666 | $ 110,000 |
| Sacramento, California | 3 | $ 819,000 | $ 273,000 | $ 48,000 |
| Santa Cruz, California | 3 | $ 1,118,000 | $ 372,666 | $ 98,000 |
| Ventura, California | 3 | $ 836,000 | $ 278,666 | $ 118,000 |
| Arapahoe, Colorado | 3 | $ 4,740,000 | $ 1,580,000 | $ 0 |
| Boulder, Colorado | 3 | $ 1,249,000 | $ 416,333 | $ 38,000 |
| Miami-Dade, Florida | 3 | $ 2,135,000 | $ 711,666 | $ 0 |
| Norfolk, Massachusetts | 3 | $ 978,000 | $ 326,000 | $ 92,000 |
| Worcester, Massachusetts | 3 | $ 701,000 | $ 233,666 | $ 160,000 |
| Washoe, Nevada | 3 | $ 194,000 | $ 64,666 | $ 54,000 |
| Essex, New Jersey | 3 | $ 891,000 | $ 297,000 | $ 262,000 |
| Gloucester, New Jersey | 3 | $ 454,000 | $ 151,333 | $ 163,000 |
| Ocean, New Jersey | 3 | $ 400,000 | $ 133,333 | $ 85,000 |
| Kings, New York | 3 | $ 591,000 | $ 197,000 | $ 70,000 |
| Lane, Oregon | 3 | $ 688,000 | $ 229,333 | $ 18,000 |
| Montgomery, Pennsylvania | 3 | $ 556,000 | $ 185,333 | $ 90,000 |
| Salt Lake, Utah | 3 | $ 1,215,000 | $ 405,000 | $ 37,000 |
| Kitsap, Washington | 3 | $ 671,000 | $ 223,666 | $ 139,000 |
| Coconino, Arizona | 2 | $ 186,000 | $ 93,000 | $ 116,000 |
| Yavapai, Arizona | 2 | $ 236,000 | $ 118,000 | $ 35,000 |
| Kern, California | 2 | $ 228,000 | $ 114,000 | $ 105,000 |
| San Joaquin, California | 2 | $ 328,000 | $ 164,000 | $ 98,000 |
| Yolo, California | 2 | $ 232,000 | $ 116,000 | $ 54,000 |
| Adams, Colorado | 2 | $ 804,000 | $ 402,000 | $ 55,000 |
| Fairfield, Connecticut | 2 | $ 616,000 | $ 308,000 | $ 228,000 |
| Hartford, Connecticut | 2 | $ 400,000 | $ 200,000 | $ 113,000 |
| Maui, Hawaii | 2 | $ 375,000 | $ 187,500 | $ 42,000 |
| DuPage, Illinois | 2 | $ 289,000 | $ 144,500 | $ 69,000 |
| East Baton Rouge, Louisiana | 2 | $ 150,000 | $ 75,000 | $ 40,000 |
| Montgomery, Maryland | 2 | $ 459,000 | $ 229,500 | $ 103,000 |
| Essex, Massachusetts | 2 | $ 439,000 | $ 219,500 | $ 56,000 |
| Plymouth, Massachusetts | 2 | $ 658,000 | $ 329,000 | $ 85,000 |
| Macomb, Michigan | 2 | $ 714,000 | $ 357,000 | $ 23,000 |
| Burlington, New Jersey | 2 | $ 519,000 | $ 259,500 | $ 144,000 |
| Monmouth, New Jersey | 2 | $ 405,000 | $ 202,500 | $ 97,000 |
| Union, New Jersey | 2 | $ 490,000 | $ 245,000 | $ 126,000 |
| Queens, New York | 2 | $ 201,000 | $ 100,500 | $ 91,000 |
| Richmond, New York | 2 | $ 246,000 | $ 123,000 | $ 91,000 |
| Hanover, Virginia | 2 | $ 290,000 | $ 145,000 | $ 78,000 |
| Spotsylvania, Virginia | 2 | $ 531,000 | $ 265,500 | $ 198,000 |
| Whatcom, Washington | 2 | $ 1,230,000 | $ 615,000 | $ 0 |
| Baldwin, Alabama | 1 | $ 119,000 | $ 119,000 | $ 75,000 |
| Mohave, Arizona | 1 | $ 304,000 | $ 304,000 | $ 147,000 |
| El Dorado, California | 1 | $ 150,000 | $ 150,000 | $ 124,000 |
| Mariposa, California | 1 | $ 60,000 | $ 60,000 | $ 26,000 |
| San Luis Obispo, California | 1 | $ 217,000 | $ 217,000 | $ 63,000 |
| Santa Barbara, California | 1 | $ 350,000 | $ 350,000 | $ 0 |
| Shasta, California | 1 | $ 119,000 | $ 119,000 | $ 67,000 |
| Middlesex, Connecticut | 1 | $ 256,000 | $ 256,000 | $ 70,000 |
| New Haven, Connecticut | 1 | $ 180,000 | $ 180,000 | $ 99,000 |
| New London, Connecticut | 1 | $ 118,000 | $ 118,000 | $ 62,000 |
| District of Columbia, District Of Columbia | 1 | $ 127,000 | $ 127,000 | $ 70,000 |
| Alachua, Florida | 1 | $ 92,000 | $ 92,000 | $ 46,000 |
| Broward, Florida | 1 | $ 1,660,000 | $ 1,660,000 | $ 0 |
| Hillsborough, Florida | 1 | $ 148,000 | $ 148,000 | $ 116,000 |
| Pinellas, Florida | 1 | $ 123,000 | $ 123,000 | $ 206,000 |
| St. Lucie, Florida | 1 | $ 81,000 | $ 81,000 | $ 63,000 |
| Henry, Georgia | 1 | $ 258,000 | $ 258,000 | $ 128,000 |
| Hawaii, Hawaii | 1 | $ 133,000 | $ 133,000 | $ 108,000 |
| Honolulu, Hawaii | 1 | $ 282,000 | $ 282,000 | $ 148,000 |
| Bonneville, Idaho | 1 | $ 50,000 | $ 50,000 | $ 22,000 |
| Kane, Illinois | 1 | $ 150,000 | $ 150,000 | $ 66,000 |
| Lake, Illinois | 1 | $ 195,000 | $ 195,000 | $ 135,000 |
| Ogle, Illinois | 1 | $ 116,000 | $ 116,000 | $ 91,000 |
| St. Clair, Illinois | 1 | $ 167,000 | $ 167,000 | $ 62,000 |
| Winnebago, Illinois | 1 | $ 109,000 | $ 109,000 | $ 41,000 |
| Cumberland, Maine | 1 | $ 168,000 | $ 168,000 | $ 113,000 |
| Anne Arundel, Maryland | 1 | $ 228,000 | $ 228,000 | $ 164,000 |
| Charles, Maryland | 1 | $ 244,000 | $ 244,000 | $ 142,000 |
| Howard, Maryland | 1 | $ 148,000 | $ 148,000 | $ 94,000 |
| Barnstable, Massachusetts | 1 | $ 225,000 | $ 225,000 | $ 108,000 |
| Franklin, Massachusetts | 1 | $ 293,000 | $ 293,000 | $ 45,000 |
| Hampden, Massachusetts | 1 | $ 130,000 | $ 130,000 | $ 67,000 |
| Hampshire, Massachusetts | 1 | $ 260,000 | $ 260,000 | $ 85,000 |
| Gladwin, Michigan | 1 | $ 81,000 | $ 81,000 | $ 46,000 |
| Oakland, Michigan | 1 | $ 247,000 | $ 247,000 | $ 78,000 |
| Wayne, Michigan | 1 | $ 73,000 | $ 73,000 | $ 38,000 |
| Meeker, Minnesota | 1 | $ 240,000 | $ 240,000 | $ 34,000 |
| Camden, New Jersey | 1 | $ 150,000 | $ 150,000 | $ 85,000 |
| Hudson, New Jersey | 1 | $ 193,000 | $ 193,000 | $ 236,000 |
| Passaic, New Jersey | 1 | $ 165,000 | $ 165,000 | $ 65,000 |
| Warren, New Jersey | 1 | $ 270,000 | $ 270,000 | $ 63,000 |
| Bernalillo, New Mexico | 1 | $ 108,000 | $ 108,000 | $ 93,000 |
| Nassau, New York | 1 | $ 245,000 | $ 245,000 | $ 47,000 |
| Suffolk, New York | 1 | $ 158,000 | $ 158,000 | $ 139,000 |
| Westchester, New York | 1 | $ 425,000 | $ 425,000 | $ 100,000 |
| Currituck, North Carolina | 1 | $ 236,000 | $ 236,000 | $ 186,000 |
| Mecklenburg, North Carolina | 1 | $ 113,000 | $ 113,000 | $ 54,000 |
| Nash, North Carolina | 1 | $ 65,000 | $ 65,000 | $ 45,000 |
| Butler, Ohio | 1 | $ 1,200,000 | $ 1,200,000 | $ 0 |
| Hamilton, Ohio | 1 | $ 120,000 | $ 120,000 | $ 27,000 |
| Benton, Oregon | 1 | $ 106,000 | $ 106,000 | $ 0 |
| Deschutes, Oregon | 1 | $ 185,000 | $ 185,000 | $ 73,000 |
| Marion, Oregon | 1 | $ 362,000 | $ 362,000 | $ 0 |
| Cumberland, Pennsylvania | 1 | $ 160,000 | $ 160,000 | $ 113,000 |
| Providence, Rhode Island | 1 | $ 101,000 | $ 101,000 | $ 75,000 |
| Carroll, Tennessee | 1 | $ 68,000 | $ 68,000 | $ 39,000 |
| Knox, Tennessee | 1 | $ 96,000 | $ 96,000 | $ 97,000 |
| Maury, Tennessee | 1 | $ 58,000 | $ 58,000 | $ 33,000 |
| Sumner, Tennessee | 1 | $ 97,000 | $ 97,000 | $ 78,000 |
| Bexar, Texas | 1 | $ 103,000 | $ 103,000 | $ 158,000 |
| Collin, Texas | 1 | $ 194,000 | $ 194,000 | $ 104,000 |
| Comal, Texas | 1 | $ 88,000 | $ 88,000 | $ 52,000 |
| Denton, Texas | 1 | $ 242,000 | $ 242,000 | $ 60,000 |
| Galveston, Texas | 1 | $ 125,000 | $ 125,000 | $ 86,000 |
| Harris, Texas | 1 | $ 90,000 | $ 90,000 | $ 65,000 |
| Hays, Texas | 1 | $ 108,000 | $ 108,000 | $ 100,000 |
| Montgomery, Texas | 1 | $ 605,000 | $ 605,000 | $ 413,000 |
| Rockwall, Texas | 1 | $ 160,000 | $ 160,000 | $ 103,000 |
| Tarrant, Texas | 1 | $ 68,000 | $ 68,000 | $ 94,000 |
| Travis, Texas | 1 | $ 155,000 | $ 155,000 | $ 71,000 |
| Williamson, Texas | 1 | $ 57,000 | $ 57,000 | $ 44,000 |
| Washington, Utah | 1 | $ 212,000 | $ 212,000 | $ 60,000 |
| Caledonia, Vermont | 1 | $ 41,000 | $ 41,000 | $ 72,000 |
| Arlington, Virginia | 1 | $ 322,000 | $ 322,000 | $ 138,000 |
| Chesterfield, Virginia | 1 | $ 100,000 | $ 100,000 | $ 77,000 |
| Fauquier, Virginia | 1 | $ 242,000 | $ 242,000 | $ 152,000 |
| Pittsylvania, Virginia | 1 | $ 231,000 | $ 231,000 | $ 167,000 |
| Poquoson, Virginia | 1 | $ 140,000 | $ 140,000 | $ 85,000 |
| Virginia Beach, Virginia | 1 | $ 105,000 | $ 105,000 | $ 98,000 |
| Washington, Virginia | 1 | $ 192,000 | $ 192,000 | $ 94,000 |
| Benton, Washington | 1 | $ 178,000 | $ 178,000 | $ 119,000 |
| Chelan, Washington | 1 | $ 45,000 | $ 45,000 | $ 12,000 |
| Grays Harbor, Washington | 1 | $ 100,000 | $ 100,000 | $ 35,000 |
| Thurston, Washington | 1 | $ 176,000 | $ 176,000 | $ 80,000 |
| Wood, West Virginia | 1 | $ 161,000 | $ 161,000 | $ 98,000 |
| Dane, Wisconsin | 1 | $ 390,000 | $ 390,000 | $ 62,000 |
| Forest, Wisconsin | 1 | $ 79,000 | $ 79,000 | $ 21,000 |
| Milwaukee, Wisconsin | 1 | $ 133,000 | $ 133,000 | $ 92,000 |
| Pierce, Wisconsin | 1 | $ 90,000 | $ 90,000 | $ 73,000 |
Mortgage Loan Application Detail Totals for Bank of Internet USA 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 |
|---|---|---|---|---|---|---|
| Refinancing (home purchase or home improvement, one-to-four family) | 590 | $149,172,000 | $167,718 | $994,000 | $86,906 | $714,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 180 | $139,083,000 | $767,000 | $2,979,000 | $0 | $0 |
| Home Purchase (one-to-four family) | 64 | $15,360,000 | $176,294 | $900,000 | $88,529 | $550,000 |
| Home Improvement (one-to-four family) | 1 | $150,000 | $150,000 | $150,000 | $81,000 | $81,000 |
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 | 370 | $94,305,000 | $167,000 | $1,700,000 | $85,258 | $714,000 |
| Information not provided by applicant in mail or telephone application | 190 | $49,105,000 | $247,166 | $1,600,000 | $87,625 | $320,000 |
| Not applicable | 175 | $131,292,000 | $746,000 | $2,979,000 | $0 | $0 |
| Asian or Pacific Islander | 59 | $18,414,000 | $226,846 | $1,970,000 | $92,000 | $537,000 |
| Hispanic | 20 | $5,014,000 | $261,285 | $490,000 | $85,000 | $357,000 |
| Other | 13 | $4,047,000 | $250,800 | $985,000 | $81,800 | $563,000 |
| Black | 6 | $1,241,000 | $204,000 | $268,000 | $115,000 | $145,000 |
| American Indian or Alaskan Native | 2 | $347,000 | $173,500 | $270,000 | $115,500 | $168,000 |
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) | 835 | $303,765,000 | $255,833 | $2,979,000 | $75,527 | $714,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 559 | $163,382,000 | $206,093 | $2,600,000 | $88,218 | $714,000 |
| Loan Purchased By The Institution | 139 | $103,416,000 | $745,545 | $2,979,000 | $4,454 | $537,000 |
| Application Denied By Financial Institution | 67 | $17,589,000 | $175,470 | $1,200,000 | $70,117 | $424,000 |
| Application Withdrawn By Applicant | 59 | $16,792,000 | $184,785 | $2,000,000 | $96,000 | $550,000 |
| File Closed For Incompleteness | 11 | $2,586,000 | $244,166 | $1,100,000 | $88,333 | $209,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 30 | $8,875,000 | $191,307 | $1,200,000 | $109,846 | $394,000 |
| Debt-To-Income Ratio | 19 | $4,955,000 | $228,333 | $596,000 | $44,500 | $119,000 |
| Credit History | 8 | $1,497,000 | $176,428 | $355,000 | $69,000 | $123,000 |
| Other | 4 | $725,000 | $174,000 | $245,000 | $76,666 | $122,000 |
| Unverifiable Information | 3 | $827,000 | $275,000 | $322,000 | $166,000 | $424,000 |
| Employment History | 2 | $333,000 | $166,500 | $198,000 | $25,000 | $50,000 |
| Credit Application Incomplete | 1 | $377,000 | $377,000 | $377,000 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 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 Internet USA'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 Bank of Internet USA'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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