Bank of Internet USA Mortgage Lending & HMDA Data, 2009

In 2009, Bank of Internet USA of San Diego, CA reported 968 mortgage applications totaling $314.0 million, down 6% from 2008. The average application was for $324,417, and applicants reported an average income of $141,601. 48% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (123), San Diego-Carlsbad-San Marcos, CA (122) and Santa Ana-Anaheim-Irvine, CA (45) (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 968
Total Mortgage Loan Application Amount $314,036,000
Average Mortgage Loan Application Amount $324,417
Highest Mortgage Loan Application Amount $4,483,000
Average Applicant Income $141,601
Highest Applicant Income $2,532,000

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Act (HMDA) records Bank of Internet USA filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for Bank of Internet USA by Metropolitan Area in 2009

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Los Angeles-Long Beach-Glendale, CA 123 $ 39,859,000 $ 324,056 $ 54,000
San Diego-Carlsbad-San Marcos, CA 122 $ 53,157,000 $ 435,713 $ 209,000
Santa Ana-Anaheim-Irvine, CA 45 $ 18,237,000 $ 405,266 $ 221,000
Oakland-Fremont-Hayward, CA 33 $ 13,114,000 $ 397,393 $ 133,000
Washington-Arlington-Alexandria, DC-VA-MD-WV 28 $ 8,953,000 $ 319,750 $ 263,857
San Francisco-San Mateo-Redwood City, CA 26 $ 13,250,000 $ 509,615 $ 147,000
Seattle-Bellevue-Everett, WA 26 $ 8,365,000 $ 321,730 $ 128,000
Denver-Aurora-Broomfield, CO 25 $ 7,184,000 $ 287,360 $ 190,000
Portland-Vancouver-Beaverton, OR-WA 21 $ 7,308,000 $ 348,000 $ 178,142
Riverside-San Bernardino-Ontario, CA 20 $ 5,378,000 $ 268,900 $ 284,000
Phoenix-Mesa-Scottsdale, AZ 18 $ 4,294,000 $ 238,555 $ 152,000
Sacramento--Arden-Arcade--Roseville, CA 17 $ 6,792,000 $ 399,529 $ 134,000
Atlanta-Sandy Springs-Marietta, GA 16 $ 2,879,000 $ 179,937 $ 113,000
Chicago-Naperville-Joliet, IL 15 $ 4,048,000 $ 269,866 $ 177,000
New York-White Plains-Wayne, NY-NJ 14 $ 3,615,000 $ 258,214 $ 87,357
San Jose-Sunnyvale-Santa Clara, CA 11 $ 4,802,000 $ 436,545 $ 76,000
Salt Lake City, UT 10 $ 2,698,000 $ 269,800 $ 125,000
Nassau-Suffolk, NY 9 $ 3,735,000 $ 415,000 $ 143,000
Philadelphia, PA 9 $ 1,807,000 $ 200,777 $ 86,000
Warren-Troy-Farmington Hills, MI 9 $ 2,236,000 $ 248,444 $ 410,000
Edison-New Brunswick, NJ 8 $ 2,217,000 $ 277,125 $ 188,000
Las Vegas-Paradise, NV 8 $ 2,341,000 $ 292,625 $ 105,000
Newark-Union, NJ-PA 8 $ 2,864,000 $ 358,000 $ 175,000
Bridgeport-Stamford-Norwalk, CT 7 $ 2,070,000 $ 295,714 $ 125,000
Minneapolis-St. Paul-Bloomington, MN-WI 7 $ 2,187,000 $ 312,428 $ 179,285
Boulder, CO 6 $ 1,901,000 $ 316,833 $ 143,000
Cambridge-Newton-Framingham, MA 6 $ 1,282,000 $ 213,666 $ 175,000
Oxnard-Thousand Oaks-Ventura, CA 6 $ 2,179,000 $ 363,166 $ 110,000
Tucson, AZ 6 $ 1,302,000 $ 217,000 $ 74,000
Charlotte-Gastonia-Concord, NC-SC 5 $ 945,000 $ 189,000 $ 189,600
Orlando-Kissimmee, FL 5 $ 1,458,000 $ 291,600 $ 106,000
Raleigh-Cary, NC 5 $ 1,315,000 $ 263,000 $ 122,000
Santa Rosa-Petaluma, CA 5 $ 2,048,000 $ 409,600 $ 159,000
Virginia Beach-Norfolk-Newport News, VA-NC 5 $ 1,136,000 $ 227,200 $ 21,000
Albany-Schenectady-Troy, NY 4 $ 641,000 $ 160,250 $ 134,000
Boise City-Nampa, ID 4 $ 1,091,000 $ 272,750 $ 95,000
Colorado Springs, CO 4 $ 1,219,000 $ 304,750 $ 120,000
Columbus, OH 4 $ 894,000 $ 223,500 $ 90,000
Durham-Chapel Hill, NC 4 $ 893,000 $ 223,250 $ 105,000
Honolulu, HI 4 $ 1,275,000 $ 318,750 $ 163,000
Ogden-Clearfield, UT 4 $ 1,074,000 $ 268,500 $ 91,000
Prescott, AZ 4 $ 922,000 $ 230,500 $ 29,000
Santa Barbara-Santa Maria-Goleta, CA 4 $ 1,039,000 $ 259,750 $ 125,000
Albuquerque, NM 3 $ 531,000 $ 177,000 $ 83,000
Anchorage, AK 3 $ 799,000 $ 266,333 $ 194,000
Boston-Quincy, MA 3 $ 764,000 $ 254,666 $ 108,000
Camden, NJ 3 $ 555,000 $ 185,000 $ 72,000
Charleston-North Charleston-Summerville, SC 3 $ 761,000 $ 253,666 $ 183,000
Fort Collins-Loveland, CO 3 $ 858,000 $ 286,000 $ 63,000
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 3 $ 582,000 $ 194,000 $ 126,000
Fresno, CA 3 $ 894,000 $ 298,000 $ 85,000
Lake Havasu City-Kingman, AZ 3 $ 437,000 $ 145,666 $ 43,000
Miami-Miami Beach-Kendall, FL 3 $ 548,000 $ 182,666 $ 85,000
Portland-South Portland-Biddeford, ME 3 $ 789,000 $ 263,000 $ 97,000
Reno-Sparks, NV 3 $ 969,000 $ 323,000 $ 215,000
Rockingham County-Strafford County, NH 3 $ 729,000 $ 243,000 $ 82,000
St. Louis, MO-IL 3 $ 172,000 $ 57,333 $ 21,000
Tampa-St. Petersburg-Clearwater, FL 3 $ 1,563,000 $ 521,000 $ 29,000
Asheville, NC 2 $ 200,000 $ 100,000 $ 63,000
Bellingham, WA 2 $ 635,000 $ 317,500 $ 110,000
Bethesda-Frederick-Rockville, MD 2 $ 775,000 $ 387,500 $ 111,000
Bowling Green, KY 2 $ 875,000 $ 437,500 $ 232,000
Bradenton-Sarasota-Venice, FL 2 $ 534,000 $ 267,000 $ 252,000
Cincinnati-Middletown, OH-KY-IN 2 $ 634,000 $ 317,000 $ 165,000
Cleveland-Elyria-Mentor, OH 2 $ 205,000 $ 102,500 $ 82,000
Coeur D'Alene, ID 2 $ 524,000 $ 262,000 $ 107,000
El Paso, TX 2 $ 219,000 $ 109,500 $ 0
Gainesville, GA 2 $ 405,000 $ 202,500 $ 99,000
Greeley, CO 2 $ 625,000 $ 312,500 $ 173,000
Greensboro-High Point, NC 2 $ 474,000 $ 237,000 $ 134,000
Houston-Sugar Land-Baytown, TX 2 $ 174,000 $ 87,000 $ 18,000
Indianapolis-Carmel, IN 2 $ 941,000 $ 470,500 $ 111,000
Jacksonville, FL 2 $ 732,000 $ 366,000 $ 198,000
Kansas City, MO-KS 2 $ 334,000 $ 167,000 $ 125,000
Kingsport-Bristol-Bristol, TN-VA 2 $ 834,000 $ 417,000 $ 76,000
Memphis, TN-MS-AR 2 $ 443,000 $ 221,500 $ 312,000
Milwaukee-Waukesha-West Allis, WI 2 $ 644,000 $ 322,000 $ 151,000
Modesto, CA 2 $ 790,000 $ 395,000 $ 67,000
New Haven-Milford, CT 2 $ 177,000 $ 88,500 $ 30,000
Peabody, MA 2 $ 730,000 $ 365,000 $ 114,000
Pittsburgh, PA 2 $ 269,000 $ 134,500 $ 202,000
Providence-New Bedford-Fall River, RI-MA 2 $ 293,000 $ 146,500 $ 97,500
Salem, OR 2 $ 447,000 $ 223,500 $ 133,000
Santa Cruz-Watsonville, CA 2 $ 751,000 $ 375,500 $ 299,000
Sebastian-Vero Beach, FL 2 $ 430,000 $ 215,000 $ 951,000
Springfield, MO 2 $ 88,000 $ 44,000 $ 37,000
Stockton, CA 2 $ 650,000 $ 325,000 $ 121,000
Tacoma, WA 2 $ 5,094,000 $ 2,547,000 $ 0
Texarkana, Tx-Texarkana, AR 2 $ 48,000 $ 24,000 $ 0
Warner Robins, GA 2 $ 180,000 $ 90,000 $ 23,000
Yuba City, CA 2 $ 245,000 $ 122,500 $ 44,000
Allentown-Bethlehem-Easton, PA-NJ 1 $ 330,000 $ 330,000 $ 88,000
Athens-Clarke County, GA 1 $ 105,000 $ 105,000 $ 15,000
Auburn-Opelika, AL 1 $ 41,000 $ 41,000 $ 0
Augusta-Richmond County, GA-SC 1 $ 29,000 $ 29,000 $ 135,000
Austin-Round Rock, TX 1 $ 73,000 $ 73,000 $ 0
Barnstable Town, MA 1 $ 403,000 $ 403,000 $ 122,000
Bend, OR 1 $ 298,000 $ 298,000 $ 126,000
Binghamton, NY 1 $ 22,000 $ 22,000 $ 0
Bloomington, IN 1 $ 542,000 $ 542,000 $ 0
Charleston, WV 1 $ 105,000 $ 105,000 $ 60,000
Cheyenne, WY 1 $ 80,000 $ 80,000 $ 123,000
Chico, CA 1 $ 200,000 $ 200,000 $ 95,000
College Station-Bryan, TX 1 $ 44,000 $ 44,000 $ 0
Columbia, SC 1 $ 284,000 $ 284,000 $ 84,000
Corvallis, OR 1 $ 130,000 $ 130,000 $ 48,000
Dayton, OH 1 $ 417,000 $ 417,000 $ 154,000
Des Moines-West Des Moines, IA 1 $ 104,000 $ 104,000 $ 71,000
Detroit-Livonia-Dearborn, MI 1 $ 74,000 $ 74,000 $ 39,000
Eugene-Springfield, OR 1 $ 125,000 $ 125,000 $ 93,000
Fayetteville, NC 1 $ 359,000 $ 359,000 $ 167,000
Flint, MI 1 $ 220,000 $ 220,000 $ 71,000
Fort Walton Beach-Crestview-Destin, FL 1 $ 328,000 $ 328,000 $ 117,000
Fort Wayne, IN 1 $ 780,000 $ 780,000 $ 0
Fort Worth-Arlington, TX 1 $ 2,579,000 $ 2,579,000 $ 0
Gainesville, FL 1 $ 57,000 $ 57,000 $ 0
Gary, IN 1 $ 175,000 $ 175,000 $ 90,000
Goldsboro, NC 1 $ 116,000 $ 116,000 $ 59,000
Great Falls, MT 1 $ 72,000 $ 72,000 $ 0
Greenville-Mauldin-Easley, SC 1 $ 270,000 $ 270,000 $ 142,000
Hagerstown-Martinsburg, MD-WV 1 $ 260,000 $ 260,000 $ 222,000
Hickory-Lenoir-Morganton, NC 1 $ 100,000 $ 100,000 $ 65,000
Janesville, WI 1 $ 128,000 $ 128,000 $ 23,000
Killeen-Temple-Fort Hood, TX 1 $ 37,000 $ 37,000 $ 0
Knoxville, TN 1 $ 74,000 $ 74,000 $ 0
Lake County-Kenosha County, IL-WI 1 $ 108,000 $ 108,000 $ 88,000
Lakeland-Winter Haven, FL 1 $ 194,000 $ 194,000 $ 1,284,000
Lancaster, PA 1 $ 104,000 $ 104,000 $ 0
Lansing-East Lansing, MI 1 $ 616,000 $ 616,000 $ 0
Little Rock-North Little Rock-Conway, AR 1 $ 95,000 $ 95,000 $ 64,000
Louisville-Jefferson County, KY-IN 1 $ 115,000 $ 115,000 $ 46,000
Manchester-Nashua, NH 1 $ 738,000 $ 738,000 $ 0
Mansfield, OH 1 $ 100,000 $ 100,000 $ 26,000
Merced, CA 1 $ 496,000 $ 496,000 $ 0
Mobile, AL 1 $ 59,000 $ 59,000 $ 24,000
Montgomery, AL 1 $ 130,000 $ 130,000 $ 93,000
Muskegon-Norton Shores, MI 1 $ 192,000 $ 192,000 $ 576,000
Norwich-New London, CT 1 $ 402,000 $ 402,000 $ 811,000
Olympia, WA 1 $ 397,000 $ 397,000 $ 189,000
Pascagoula, MS 1 $ 229,000 $ 229,000 $ 145,000
Pittsfield, MA 1 $ 241,000 $ 241,000 $ 0
Pocatello, ID 1 $ 2,277,000 $ 2,277,000 $ 0
Port St. Lucie, FL 1 $ 78,000 $ 78,000 $ 112,000
Pueblo, CO 1 $ 142,000 $ 142,000 $ 60,000
Richmond, VA 1 $ 331,000 $ 331,000 $ 150,000
Roanoke, VA 1 $ 294,000 $ 294,000 $ 116,000
Rochester, NY 1 $ 271,000 $ 271,000 $ 0
Rocky Mount, NC 1 $ 306,000 $ 306,000 $ 235,000
Salinas, CA 1 $ 172,000 $ 172,000 $ 0
San Antonio, TX 1 $ 109,000 $ 109,000 $ 0
San Luis Obispo-Paso Robles, CA 1 $ 382,000 $ 382,000 $ 90,000
Santa Fe, NM 1 $ 417,000 $ 417,000 $ 77,000
Scranton--Wilkes-Barre, PA 1 $ 57,000 $ 57,000 $ 0
Sherman-Denison, TX 1 $ 57,000 $ 57,000 $ 0
Springfield, OH 1 $ 100,000 $ 100,000 $ 60,000
Syracuse, NY 1 $ 294,000 $ 294,000 $ 0
Trenton-Ewing, NJ 1 $ 354,000 $ 354,000 $ 178,000
Vallejo-Fairfield, CA 1 $ 212,000 $ 212,000 $ 74,000
Wenatchee-East Wenatchee, WA 1 $ 325,000 $ 325,000 $ 68,000
West Palm Beach-Boca Raton-Boynton Beach, FL 1 $ 496,000 $ 496,000 $ 0
Wilmington, NC 1 $ 290,000 $ 290,000 $ 162,000

Mortgage Loan Application Detail Totals for Bank of Internet USA in 2009

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 920 $293,913,000 $319,000 $4,483,000 $140,000 $2,532,000
Home Improvement 25 $4,745,000 $189,000 $450,000 $133,000 $292,000
Home Purchase 23 $15,378,000 $668,000 $2,300,000 $215,000 $806,000

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 539 $163,907,000 $304,000 $2,972,000 $170,000 $2,005,000
Not Provided 181 $56,556,000 $312,000 $2,300,000 $197,000 $2,532,000
Not applicable 177 $72,046,000 $407,000 $4,483,000 $0 $66,000
Asian 37 $11,951,000 $323,000 $660,000 $133,000 $335,000
Hispanic 22 $6,874,000 $312,000 $528,000 $160,000 $609,000
Black or African American 7 $1,333,000 $190,000 $525,000 $161,000 $504,000
Native Hawaiian or Other Pacific Islander 3 $853,000 $284,000 $344,000 $180,000 $319,000
American Indian or Alaskan Native 2 $516,000 $258,000 $416,000 $83,000 $141,000

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) 968 $314,036,000 $324,000 $4,483,000 $142,000 $2,532,000
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 463 $145,462,000 $314,000 $2,972,000 $172,000 $2,005,000
Loan Purchased By The Institution 175 $71,456,000 $408,000 $4,483,000 $0 $0
Application Denied By Financial Institution 168 $49,629,000 $295,000 $730,000 $145,000 $1,848,000
Application Withdrawn By Applicant 124 $38,005,000 $306,000 $1,750,000 $208,000 $2,532,000
File Closed For Incompleteness 38 $9,484,000 $249,000 $730,000 $201,000 $1,140,000
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
Other 71 $20,953,000 $295,000 $660,000 $198,000 $1,848,000
Debt-To-Income Ratio 46 $14,772,000 $321,000 $730,000 $77,000 $445,000
Credit History 19 $4,220,000 $222,000 $525,000 $141,000 $1,126,000
Collateral 12 $3,423,000 $285,000 $417,000 $186,000 $340,000
Credit Application Incomplete 6 $2,147,000 $357,000 $555,000 $130,000 $197,000
Unverifiable Information 6 $1,907,000 $317,000 $417,000 $110,000 $186,000
Employment History 6 $1,433,000 $238,000 $383,000 $61,000 $98,000
Insufficient Cash (Downpayment, Closing Cost) 2 $774,000 $387,000 $534,000 $71,000 $85,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Bank of Internet USA's 2009 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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