Bank of Internet USA Mortgage Lending & HMDA Data, 2006
In 2006, Bank of Internet USA of San Diego, CA reported 549 mortgage applications totaling $120.1 million, up 4% from 2005. The average application was for $218,805, and applicants reported an average income of $34,774. 16% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Bellingham, WA (62), Chicago-Naperville-Joliet, IL (29) and Los Angeles-Long Beach-Glendale, CA (27) (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 | 549 |
| Total Mortgage Loan Application Amount | $120,124,000 |
| Average Mortgage Loan Application Amount | $218,805 |
| Highest Mortgage Loan Application Amount | $1,680,000 |
| Average Applicant Income | $34,774 |
| Highest Applicant Income | $1,020,000 |
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Act (HMDA) records Bank of Internet USA filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Bellingham, WA | 62 | $ 9,180,000 | $ 148,064 | $ 1,000 |
| Chicago-Naperville-Joliet, IL | 29 | $ 9,590,000 | $ 330,689 | $ 23,000 |
| Los Angeles-Long Beach-Glendale, CA | 27 | $ 5,742,000 | $ 212,666 | $ 76,000 |
| Phoenix-Mesa-Scottsdale, AZ | 23 | $ 5,476,000 | $ 238,086 | $ 45,000 |
| Oakland-Fremont-Hayward, CA | 20 | $ 5,140,000 | $ 257,000 | $ 52,000 |
| Santa Ana-Anaheim-Irvine, CA | 19 | $ 5,257,000 | $ 276,684 | $ 109,000 |
| Seattle-Bellevue-Everett, WA | 18 | $ 2,134,000 | $ 118,555 | $ 58,000 |
| San Diego-Carlsbad-San Marcos, CA | 14 | $ 7,006,000 | $ 500,428 | $ 156,000 |
| Yakima, WA | 14 | $ 1,431,000 | $ 102,214 | $ 0 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 13 | $ 3,724,000 | $ 286,461 | $ 30,230 |
| New York-White Plains-Wayne, NY-NJ | 10 | $ 1,888,000 | $ 188,800 | $ 57,400 |
| Riverside-San Bernardino-Ontario, CA | 9 | $ 2,204,000 | $ 244,888 | $ 48,000 |
| Wenatchee, WA | 9 | $ 1,325,000 | $ 147,222 | $ 0 |
| Lake County-Kenosha County, IL-WI | 8 | $ 1,937,000 | $ 242,125 | $ 22,000 |
| Portland-Vancouver-Beaverton, OR-WA | 8 | $ 1,231,000 | $ 153,875 | $ 18,000 |
| Kennewick-Richland-Pasco, WA | 7 | $ 1,271,000 | $ 181,571 | $ 0 |
| Spokane, WA | 7 | $ 697,000 | $ 99,571 | $ 0 |
| Baltimore-Towson, MD | 6 | $ 1,373,000 | $ 228,833 | $ 0 |
| Sacramento--Arden-Arcade--Roseville, CA | 6 | $ 1,813,000 | $ 302,166 | $ 47,000 |
| San Francisco-San Mateo-Redwood City, CA | 6 | $ 1,665,000 | $ 277,500 | $ 60,000 |
| Boise City-Nampa, ID | 5 | $ 1,189,000 | $ 237,800 | $ 0 |
| Mount Vernon-Anacortes, WA | 5 | $ 607,000 | $ 121,400 | $ 0 |
| Stockton, CA | 5 | $ 1,509,000 | $ 301,800 | $ 54,000 |
| Atlanta-Sandy Springs-Marietta, GA | 4 | $ 660,000 | $ 165,000 | $ 0 |
| Denver-Aurora, CO | 4 | $ 1,002,000 | $ 250,500 | $ 30,000 |
| Las Vegas-Paradise, NV | 4 | $ 1,224,000 | $ 306,000 | $ 0 |
| San Jose-Sunnyvale-Santa Clara, CA | 4 | $ 1,470,000 | $ 367,500 | $ 9,000 |
| Tacoma, WA | 4 | $ 961,000 | $ 240,250 | $ 23,000 |
| Tampa-St. Petersburg-Clearwater, FL | 4 | $ 317,000 | $ 79,250 | $ 16,000 |
| Dallas-Plano-Irving, TX | 3 | $ 599,000 | $ 199,666 | $ 23,000 |
| Essex County, MA | 3 | $ 1,217,000 | $ 405,666 | $ 37,000 |
| Nassau-Suffolk, NY | 3 | $ 805,000 | $ 268,333 | $ 49,000 |
| Orlando-Kissimmee, FL | 3 | $ 441,000 | $ 147,000 | $ 37,000 |
| Philadelphia, PA | 3 | $ 241,000 | $ 80,333 | $ 68,000 |
| Bethesda-Gaithersburg-Frederick, MD | 2 | $ 585,000 | $ 292,500 | $ 0 |
| Cambridge-Newton-Framingham, MA | 2 | $ 572,000 | $ 286,000 | $ 76,000 |
| Camden, NJ | 2 | $ 60,000 | $ 30,000 | $ 167,000 |
| Charlotte-Gastonia-Concord, NC-SC | 2 | $ 634,000 | $ 317,000 | $ 0 |
| Detroit-Livonia-Dearborn, MI | 2 | $ 500,000 | $ 250,000 | $ 0 |
| Fort Worth-Arlington, TX | 2 | $ 1,139,000 | $ 569,500 | $ 0 |
| Fresno, CA | 2 | $ 467,000 | $ 233,500 | $ 0 |
| Houston-Sugar Land-Baytown, TX | 2 | $ 298,000 | $ 149,000 | $ 18,000 |
| Lakeland, FL | 2 | $ 329,000 | $ 164,500 | $ 39,000 |
| Louisville-Jefferson County, KY-IN | 2 | $ 206,000 | $ 103,000 | $ 32,000 |
| Memphis, TN-MS-AR | 2 | $ 71,000 | $ 35,500 | $ 13,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 2 | $ 120,000 | $ 60,000 | $ 92,000 |
| Modesto, CA | 2 | $ 256,000 | $ 128,000 | $ 0 |
| Newark-Union, NJ-PA | 2 | $ 500,000 | $ 250,000 | $ 94,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 2 | $ 300,000 | $ 150,000 | $ 128,000 |
| Prescott, AZ | 2 | $ 237,000 | $ 118,500 | $ 37,000 |
| Raleigh-Cary, NC | 2 | $ 821,000 | $ 410,500 | $ 0 |
| Santa Cruz-Watsonville, CA | 2 | $ 287,000 | $ 143,500 | $ 91,000 |
| Tucson, AZ | 2 | $ 105,000 | $ 52,500 | $ 131,000 |
| Vallejo-Fairfield, CA | 2 | $ 345,000 | $ 172,500 | $ 0 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 2 | $ 212,000 | $ 106,000 | $ 0 |
| Akron, OH | 1 | $ 98,000 | $ 98,000 | $ 0 |
| Atlantic City, NJ | 1 | $ 30,000 | $ 30,000 | $ 54,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 60,000 | $ 60,000 | $ 30,000 |
| Birmingham-Hoover, AL | 1 | $ 600,000 | $ 600,000 | $ 0 |
| Canton-Massillon, OH | 1 | $ 30,000 | $ 30,000 | $ 11,000 |
| Charleston-North Charleston, SC | 1 | $ 120,000 | $ 120,000 | $ 52,000 |
| Cleveland-Elyria-Mentor, OH | 1 | $ 31,000 | $ 31,000 | $ 81,000 |
| Colorado Springs, CO | 1 | $ 286,000 | $ 286,000 | $ 0 |
| Columbus, OH | 1 | $ 473,000 | $ 473,000 | $ 0 |
| Cumberland, MD-WV | 1 | $ 54,000 | $ 54,000 | $ 22,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 1 | $ 1,275,000 | $ 1,275,000 | $ 0 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 240,000 | $ 240,000 | $ 103,000 |
| Gary, IN | 1 | $ 20,000 | $ 20,000 | $ 14,000 |
| Grand Junction, CO | 1 | $ 92,000 | $ 92,000 | $ 0 |
| Greensboro-High Point, NC | 1 | $ 50,000 | $ 50,000 | $ 58,000 |
| Honolulu, HI | 1 | $ 210,000 | $ 210,000 | $ 61,000 |
| Indianapolis-Carmel, IN | 1 | $ 38,000 | $ 38,000 | $ 96,000 |
| Kansas City, MO-KS | 1 | $ 117,000 | $ 117,000 | $ 0 |
| Lafayette, LA | 1 | $ 141,000 | $ 141,000 | $ 0 |
| Lancaster, PA | 1 | $ 45,000 | $ 45,000 | $ 29,000 |
| Las Cruces, NM | 1 | $ 144,000 | $ 144,000 | $ 85,000 |
| Lexington-Fayette, KY | 1 | $ 94,000 | $ 94,000 | $ 0 |
| Longview, WA | 1 | $ 78,000 | $ 78,000 | $ 96,000 |
| Madera, CA | 1 | $ 240,000 | $ 240,000 | $ 0 |
| Medford, OR | 1 | $ 240,000 | $ 240,000 | $ 0 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 608,000 | $ 608,000 | $ 289,000 |
| Missoula, MT | 1 | $ 179,000 | $ 179,000 | $ 0 |
| Montgomery, AL | 1 | $ 250,000 | $ 250,000 | $ 54,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 1 | $ 155,000 | $ 155,000 | $ 30,000 |
| Nashville-Davidson--Murfreesboro, TN | 1 | $ 34,000 | $ 34,000 | $ 70,000 |
| New Haven-Milford, CT | 1 | $ 356,000 | $ 356,000 | $ 0 |
| Olympia, WA | 1 | $ 111,000 | $ 111,000 | $ 0 |
| Peoria, IL | 1 | $ 20,000 | $ 20,000 | $ 88,000 |
| Pine Bluff, AR | 1 | $ 65,000 | $ 65,000 | $ 0 |
| Port St. Lucie-Fort Pierce, FL | 1 | $ 234,000 | $ 234,000 | $ 0 |
| Portland-South Portland-Biddeford, ME | 1 | $ 249,000 | $ 249,000 | $ 0 |
| Providence-New Bedford-Fall River, RI-MA | 1 | $ 187,000 | $ 187,000 | $ 0 |
| Provo-Orem, UT | 1 | $ 210,000 | $ 210,000 | $ 0 |
| Reno-Sparks, NV | 1 | $ 1,000,000 | $ 1,000,000 | $ 0 |
| Salem, OR | 1 | $ 204,000 | $ 204,000 | $ 0 |
| Salinas, CA | 1 | $ 299,000 | $ 299,000 | $ 0 |
| Salt Lake City, UT | 1 | $ 338,000 | $ 338,000 | $ 0 |
| San Antonio, TX | 1 | $ 66,000 | $ 66,000 | $ 0 |
| San Luis Obispo-Paso Robles, CA | 1 | $ 443,000 | $ 443,000 | $ 0 |
| Santa Barbara-Santa Maria, CA | 1 | $ 200,000 | $ 200,000 | $ 126,000 |
| Santa Rosa-Petaluma, CA | 1 | $ 321,000 | $ 321,000 | $ 0 |
| Spartanburg, SC | 1 | $ 86,000 | $ 86,000 | $ 0 |
| Springfield, MO | 1 | $ 75,000 | $ 75,000 | $ 39,000 |
| St. Louis, MO-IL | 1 | $ 55,000 | $ 55,000 | $ 86,000 |
| Toledo, OH | 1 | $ 192,000 | $ 192,000 | $ 0 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 100,000 | $ 100,000 | $ 0 |
| Winchester, VA-WV | 1 | $ 286,000 | $ 286,000 | $ 0 |
| Winston-Salem, NC | 1 | $ 156,000 | $ 156,000 | $ 52,000 |
| Yuba City, CA | 1 | $ 279,000 | $ 279,000 | $ 0 |
| Yuma, AZ | 1 | $ 35,000 | $ 35,000 | $ 29,000 |
Mortgage Loan Application Detail Totals for Bank of Internet USA in 2006
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 | 241 | $58,347,000 | $242,000 | $1,680,000 | $19,000 | $1,020,000 |
| Refinancing | 236 | $50,147,000 | $212,000 | $1,500,000 | $38,000 | $354,000 |
| Home Improvement | 72 | $11,630,000 | $161,000 | $760,000 | $77,000 | $280,000 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 327 | $78,700,000 | $240,000 | $1,500,000 | $0 | $103,000 |
| White | 120 | $26,114,000 | $217,000 | $1,680,000 | $90,000 | $1,020,000 |
| Not Provided | 59 | $8,557,000 | $145,000 | $1,275,000 | $92,000 | $354,000 |
| Hispanic | 18 | $2,952,000 | $164,000 | $414,000 | $56,000 | $149,000 |
| Asian | 16 | $2,120,000 | $132,000 | $340,000 | $85,000 | $180,000 |
| Black or African American | 6 | $358,000 | $59,000 | $80,000 | $51,000 | $127,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $1,323,000 | $441,000 | $583,000 | $51,000 | $103,000 |
| 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) | 549 | $120,124,000 | $218,000 | $1,680,000 | $35,000 | $1,020,000 |
| 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 Purchased By The Institution | 333 | $81,276,000 | $244,000 | $1,000,000 | $0 | $0 |
| Loan Originated | 86 | $13,505,000 | $157,000 | $1,500,000 | $99,000 | $354,000 |
| Application Denied By Financial Institution | 64 | $10,855,000 | $169,000 | $1,680,000 | $60,000 | $214,000 |
| Application Withdrawn By Applicant | 37 | $11,086,000 | $299,000 | $1,560,000 | $122,000 | $1,020,000 |
| File Closed For Incompleteness | 29 | $3,402,000 | $117,000 | $700,000 | $83,000 | $192,000 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 26 | $5,707,000 | $219,000 | $1,680,000 | $59,000 | $214,000 |
| Credit History | 15 | $1,869,000 | $124,000 | $285,000 | $43,000 | $90,000 |
| Collateral | 12 | $1,363,000 | $113,000 | $560,000 | $64,000 | $163,000 |
| Other | 8 | $1,414,000 | $176,000 | $300,000 | $72,000 | $196,000 |
| Unverifiable Information | 2 | $85,000 | $42,000 | $55,000 | $82,000 | $114,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $417,000 | $417,000 | $417,000 | $122,000 | $122,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bank of Internet USA's 2006 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.
For a list of all lenders in California, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About