Bank of the West Mortgage Lending & HMDA Data, 2003
In 2003, Bank of the West of Monterey Park, CA reported 11,197 mortgage applications totaling $2.3 billion. The average application was for $201,162, and applicants reported an average income of $80,348. 48% of its applications resulted in an originated loan and 23% were denied. Its largest markets were Los Angeles-Long Beach, CA (1,755), Oakland, CA (1,361) and Orange County, CA (985) (applications in parentheses).
| Mortgage Company & Address | Bank of the West 1977 Saturn Street Ms Sc-Mpk-03-N Monterey Park, CA 91755 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 | 11,197 |
| Total Mortgage Loan Application Amount | $2,252,412,000 |
| Average Mortgage Loan Application Amount | $201,162 |
| Highest Mortgage Loan Application Amount | $9,000,000 |
| Average Applicant Income | $80,348 |
| Highest Applicant Income | $5,657,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bank of the West filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Los Angeles-Long Beach, CA | 1,755 | $ 411,824,000 | $ 234,657 | $ 94,000 |
| Oakland, CA | 1,361 | $ 273,470,000 | $ 200,933 | $ 82,000 |
| Orange County, CA | 985 | $ 276,441,000 | $ 280,650 | $ 102,000 |
| San Jose, CA | 794 | $ 173,367,000 | $ 218,346 | $ 83,000 |
| San Francisco, CA | 507 | $ 143,281,000 | $ 282,605 | $ 123,000 |
| Sacramento, CA | 453 | $ 59,797,000 | $ 132,002 | $ 79,000 |
| Modesto, CA | 449 | $ 43,727,000 | $ 97,387 | $ 68,000 |
| Albuquerque, NM | 400 | $ 35,119,000 | $ 87,797 | $ 59,000 |
| Portland-Vancouver, OR-WA | 400 | $ 51,999,000 | $ 129,997 | $ 78,000 |
| Fresno, CA | 377 | $ 36,562,000 | $ 96,981 | $ 70,000 |
| Riverside-San Bernardino, CA | 362 | $ 51,530,000 | $ 142,348 | $ 106,000 |
| Vallejo-Fairfield-Napa, CA | 255 | $ 33,993,000 | $ 133,305 | $ 81,000 |
| Santa Rosa, CA | 253 | $ 37,161,000 | $ 146,881 | $ 87,000 |
| San Diego, CA | 229 | $ 81,740,000 | $ 356,943 | $ 100,000 |
| Stockton-Lodi, CA | 222 | $ 23,645,000 | $ 106,509 | $ 71,000 |
| Ventura, CA | 171 | $ 48,140,000 | $ 281,520 | $ 89,000 |
| Chico-Paradise, CA | 153 | $ 10,965,000 | $ 71,666 | $ 50,000 |
| Bakersfield, CA | 133 | $ 11,891,000 | $ 89,406 | $ 118,000 |
| Visalia-Tulare-Porterville, CA | 124 | $ 12,289,000 | $ 99,104 | $ 60,000 |
| Las Vegas, NV-AZ | 111 | $ 12,189,000 | $ 109,810 | $ 87,000 |
| Yolo, CA | 108 | $ 9,326,000 | $ 86,351 | $ 57,000 |
| Seattle-Bellevue-Everett, WA | 73 | $ 33,357,000 | $ 456,945 | $ 50,000 |
| Santa Cruz-Watsonville, CA | 66 | $ 15,294,000 | $ 231,727 | $ 115,000 |
| Richland-Kennewick-Pasco, WA | 65 | $ 5,078,000 | $ 78,123 | $ 47,000 |
| Chicago, IL | 60 | $ 28,892,000 | $ 481,533 | $ 0 |
| Reno, NV | 55 | $ 8,020,000 | $ 145,818 | $ 81,000 |
| Santa Barbara-Santa Maria-Lompoc, CA | 41 | $ 11,442,000 | $ 279,073 | $ 190,000 |
| Boise City, ID | 29 | $ 2,422,000 | $ 83,517 | $ 50,000 |
| Phoenix-Mesa, AZ | 29 | $ 14,179,000 | $ 488,931 | $ 0 |
| Detroit, MI | 27 | $ 13,104,000 | $ 485,333 | $ 0 |
| Boston, MA-NH | 26 | $ 12,532,000 | $ 482,000 | $ 0 |
| Salinas, CA | 26 | $ 7,604,000 | $ 292,461 | $ 72,000 |
| Salem, OR | 24 | $ 2,098,000 | $ 87,416 | $ 50,000 |
| Nassau-Suffolk, NY | 19 | $ 8,579,000 | $ 451,526 | $ 0 |
| Minneapolis-St. Paul, MN-WI | 18 | $ 8,019,000 | $ 445,500 | $ 0 |
| Yakima, WA | 18 | $ 1,981,000 | $ 110,055 | $ 31,000 |
| Merced, CA | 16 | $ 1,896,000 | $ 118,500 | $ 47,000 |
| New York, NY | 16 | $ 9,098,000 | $ 568,625 | $ 0 |
| Denver, CO | 15 | $ 7,562,000 | $ 504,133 | $ 0 |
| San Luis Obispo-Atascadero-Paso Robles, CA | 14 | $ 4,931,000 | $ 352,214 | $ 185,000 |
| Yuba City, CA | 14 | $ 1,124,000 | $ 80,285 | $ 47,000 |
| Ann Arbor, MI | 13 | $ 7,134,000 | $ 548,769 | $ 0 |
| Las Cruces, NM | 13 | $ 507,000 | $ 39,000 | $ 47,000 |
| St. Louis, MO-IL | 11 | $ 5,887,000 | $ 535,181 | $ 0 |
| Philadelphia, PA-NJ | 9 | $ 4,443,000 | $ 493,666 | $ 0 |
| Fort Lauderdale, FL | 8 | $ 3,522,000 | $ 440,250 | $ 0 |
| Houston, TX | 8 | $ 3,601,000 | $ 450,125 | $ 0 |
| Raleigh-Durham-Chapel Hill, NC | 8 | $ 3,324,000 | $ 415,500 | $ 0 |
| Bergen-Passaic, NJ | 7 | $ 3,410,000 | $ 487,142 | $ 0 |
| Monmouth-Ocean, NJ | 7 | $ 2,819,000 | $ 402,714 | $ 0 |
| Stamford-Norwalk, CT | 7 | $ 3,957,000 | $ 565,285 | $ 0 |
| Atlanta, GA | 6 | $ 3,021,000 | $ 503,500 | $ 0 |
| Baltimore, MD | 6 | $ 2,700,000 | $ 450,000 | $ 0 |
| Dallas, TX | 6 | $ 3,004,000 | $ 500,666 | $ 0 |
| Newark, NJ | 6 | $ 2,779,000 | $ 463,166 | $ 0 |
| Birmingham, AL | 5 | $ 2,246,000 | $ 449,200 | $ 0 |
| Miami, FL | 5 | $ 2,302,000 | $ 460,400 | $ 0 |
| Middlesex-Somerset-Hunterdon, NJ | 5 | $ 2,158,000 | $ 431,600 | $ 0 |
| Austin-San Marcos, TX | 4 | $ 2,035,000 | $ 508,750 | $ 0 |
| Boulder-Longmont, CO | 4 | $ 2,361,000 | $ 590,250 | $ 0 |
| Milwaukee-Waukesha, WI | 4 | $ 1,671,000 | $ 417,750 | $ 0 |
| Redding, CA | 4 | $ 628,000 | $ 157,000 | $ 264,000 |
| Salt Lake City-Ogden, UT | 4 | $ 1,429,000 | $ 357,250 | $ 4,000 |
| Santa Fe, NM | 4 | $ 553,000 | $ 138,250 | $ 25,000 |
| Bremerton, WA | 3 | $ 1,044,000 | $ 348,000 | $ 0 |
| Bridgeport, CT | 3 | $ 1,213,000 | $ 404,333 | $ 0 |
| Danbury, CT | 3 | $ 1,201,000 | $ 400,333 | $ 0 |
| Huntsville, AL | 3 | $ 1,389,000 | $ 463,000 | $ 0 |
| Indianapolis, IN | 3 | $ 1,312,000 | $ 437,333 | $ 0 |
| Medford-Ashland, OR | 3 | $ 165,000 | $ 55,000 | $ 101,000 |
| Naples, FL | 3 | $ 1,226,000 | $ 408,666 | $ 0 |
| Norfolk-Virginia Beach-Newport News, VA-NC | 3 | $ 1,774,000 | $ 591,333 | $ 0 |
| Orlando, FL | 3 | $ 1,627,000 | $ 542,333 | $ 0 |
| Tacoma, WA | 3 | $ 822,000 | $ 274,000 | $ 39,000 |
| Tampa-St. Petersburg-Clearwater, FL | 3 | $ 1,224,000 | $ 408,000 | $ 0 |
| Worcester, MA-CT | 3 | $ 1,443,000 | $ 481,000 | $ 0 |
| Atlantic-Cape May, NJ | 2 | $ 1,108,000 | $ 554,000 | $ 0 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 2 | $ 803,000 | $ 401,500 | $ 0 |
| Cincinnati, OH-KY-IN | 2 | $ 1,152,000 | $ 576,000 | $ 0 |
| Colorado Springs, CO | 2 | $ 860,000 | $ 430,000 | $ 0 |
| Eugene-Springfield, OR | 2 | $ 223,000 | $ 111,500 | $ 56,000 |
| Fort Myers-Cape Coral, FL | 2 | $ 829,000 | $ 414,500 | $ 0 |
| Grand Rapids-Muskegon-Holland, MI | 2 | $ 723,000 | $ 361,500 | $ 0 |
| Hartford, CT | 2 | $ 1,034,000 | $ 517,000 | $ 0 |
| Jackson, MS | 2 | $ 771,000 | $ 385,500 | $ 0 |
| Jacksonville, FL | 2 | $ 999,000 | $ 499,500 | $ 0 |
| Kalamazoo-Battle Creek, MI | 2 | $ 782,000 | $ 391,000 | $ 0 |
| Lansing-East Lansing, MI | 2 | $ 915,000 | $ 457,500 | $ 0 |
| Lawrence, MA-NH | 2 | $ 825,000 | $ 412,500 | $ 0 |
| Louisville, KY-IN | 2 | $ 761,000 | $ 380,500 | $ 0 |
| Mobile, AL | 2 | $ 794,000 | $ 397,000 | $ 0 |
| Nashville, TN | 2 | $ 1,129,000 | $ 564,500 | $ 0 |
| South Bend, IN | 2 | $ 852,000 | $ 426,000 | $ 0 |
| Tucson, AZ | 2 | $ 825,000 | $ 412,500 | $ 0 |
| Washington, DC-MD-VA-WV | 2 | $ 1,204,000 | $ 602,000 | $ 0 |
| West Palm Beach-Boca Raton, FL | 2 | $ 1,063,000 | $ 531,500 | $ 0 |
| Athens, GA | 1 | $ 385,000 | $ 385,000 | $ 0 |
| Barnstable-Yarmouth, MA | 1 | $ 360,000 | $ 360,000 | $ 0 |
| Bellingham, WA | 1 | $ 150,000 | $ 150,000 | $ 170,000 |
| Benton Harbor, MI | 1 | $ 364,000 | $ 364,000 | $ 0 |
| Biloxi-Gulfport-Pascagoula, MS | 1 | $ 392,000 | $ 392,000 | $ 0 |
| Brownsville-Harlingen-San Benito, TX | 1 | $ 376,000 | $ 376,000 | $ 0 |
| Canton-Massillon, OH | 1 | $ 384,000 | $ 384,000 | $ 0 |
| Charleston-North Charleston, SC | 1 | $ 594,000 | $ 594,000 | $ 0 |
| Cleveland-Lorain-Elyria, OH | 1 | $ 398,000 | $ 398,000 | $ 0 |
| Columbia, MO | 1 | $ 368,000 | $ 368,000 | $ 0 |
| Columbus, OH | 1 | $ 410,000 | $ 410,000 | $ 0 |
| Corvallis, OR | 1 | $ 200,000 | $ 200,000 | $ 104,000 |
| Dayton-Springfield, OH | 1 | $ 397,000 | $ 397,000 | $ 0 |
| Des Moines, IA | 1 | $ 406,000 | $ 406,000 | $ 0 |
| Fort Collins-Loveland, CO | 1 | $ 397,000 | $ 397,000 | $ 0 |
| Fort Walton Beach, FL | 1 | $ 440,000 | $ 440,000 | $ 0 |
| Galveston-Texas City, TX | 1 | $ 364,000 | $ 364,000 | $ 0 |
| Greeley, CO | 1 | $ 434,000 | $ 434,000 | $ 0 |
| Greensboro--Winston-Salem--High Point, NC | 1 | $ 443,000 | $ 443,000 | $ 0 |
| Harrisburg-Lebanon-Carlisle, PA | 1 | $ 339,000 | $ 339,000 | $ 0 |
| Jersey City, NJ | 1 | $ 370,000 | $ 370,000 | $ 0 |
| Kansas City, MO-KS | 1 | $ 432,000 | $ 432,000 | $ 0 |
| Knoxville, TN | 1 | $ 340,000 | $ 340,000 | $ 0 |
| Lincoln, NE | 1 | $ 348,000 | $ 348,000 | $ 0 |
| Little Rock-North Little Rock, AR | 1 | $ 344,000 | $ 344,000 | $ 0 |
| Lowell, MA-NH | 1 | $ 343,000 | $ 343,000 | $ 0 |
| Madison, WI | 1 | $ 485,000 | $ 485,000 | $ 0 |
| Manchester, NH | 1 | $ 763,000 | $ 763,000 | $ 0 |
| Montgomery, AL | 1 | $ 420,000 | $ 420,000 | $ 0 |
| Newburgh, NY-PA | 1 | $ 399,000 | $ 399,000 | $ 0 |
| Ocala, FL | 1 | $ 600,000 | $ 600,000 | $ 0 |
| Olympia, WA | 1 | $ 11,000 | $ 11,000 | $ 31,000 |
| Pensacola, FL | 1 | $ 466,000 | $ 466,000 | $ 0 |
| Provo-Orem, UT | 1 | $ 408,000 | $ 408,000 | $ 0 |
| Richmond-Petersburg, VA | 1 | $ 400,000 | $ 400,000 | $ 0 |
| Roanoke, VA | 1 | $ 400,000 | $ 400,000 | $ 0 |
| Rochester, NY | 1 | $ 380,000 | $ 380,000 | $ 0 |
| Sarasota-Bradenton, FL | 1 | $ 440,000 | $ 440,000 | $ 0 |
| Savannah, GA | 1 | $ 500,000 | $ 500,000 | $ 0 |
| Sheboygan, WI | 1 | $ 699,000 | $ 699,000 | $ 0 |
| Sherman-Denison, TX | 1 | $ 468,000 | $ 468,000 | $ 0 |
| Spokane, WA | 1 | $ 15,000 | $ 15,000 | $ 132,000 |
| Waterloo-Cedar Falls, IA | 1 | $ 376,000 | $ 376,000 | $ 0 |
| Yuma, AZ | 1 | $ 20,000 | $ 20,000 | $ 41,000 |
Mortgage Loan Application Detail Totals for Bank of the West 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) | 6,848 | $1,591,010,000 | $417,825 | $1,900,000 | $11,275 | $5,657,000 |
| Home Improvement (one-to-four family) | 2,654 | $163,315,000 | $190,125 | $758,000 | $48,250 | $1,500,000 |
| Home Purchase (one-to-four family) | 1,686 | $479,682,000 | $396,333 | $1,470,000 | $10,454 | $1,438,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 9 | $18,405,000 | $1,697,000 | $9,000,000 | $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 | 4,538 | $641,392,000 | $99,250 | $1,620,000 | $65,125 | $2,195,000 |
| Not applicable | 2,366 | $991,102,000 | $424,365 | $9,000,000 | $0 | $0 |
| Hispanic | 1,546 | $162,494,000 | $83,666 | $650,000 | $54,500 | $1,184,000 |
| Information not provided by applicant in mail or telephone application | 1,344 | $217,134,000 | $111,833 | $1,600,000 | $83,833 | $5,657,000 |
| Asian or Pacific Islander | 817 | $163,792,000 | $161,000 | $1,900,000 | $73,833 | $2,533,000 |
| Black | 260 | $29,411,000 | $79,833 | $600,000 | $49,000 | $984,000 |
| Other | 251 | $39,301,000 | $119,600 | $1,000,000 | $72,400 | $1,265,000 |
| American Indian or Alaskan Native | 75 | $7,786,000 | $69,000 | $623,000 | $33,250 | $240,000 |
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) | 11,197 | $2,252,412,000 | $406,585 | $9,000,000 | $10,073 | $5,657,000 |
| 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 | 5,366 | $846,372,000 | $110,833 | $9,000,000 | $70,833 | $5,657,000 |
| Application Denied By Financial Institution | 2,535 | $257,876,000 | $83,250 | $1,620,000 | $59,500 | $1,042,000 |
| Loan Purchased By The Institution | 2,361 | $977,650,000 | $423,804 | $1,339,000 | $0 | $0 |
| Application Withdrawn By Applicant | 591 | $139,389,000 | $163,000 | $1,600,000 | $89,000 | $2,533,000 |
| Application Approved But Not Accepted | 344 | $31,125,000 | $78,600 | $460,000 | $67,800 | $542,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Credit History | 1,229 | $103,333,000 | $70,500 | $623,000 | $58,166 | $769,000 |
| Debt-To-Income Ratio | 718 | $79,276,000 | $86,000 | $999,000 | $39,500 | $308,000 |
| Collateral | 289 | $36,999,000 | $129,333 | $1,620,000 | $128,166 | $1,042,000 |
| Other | 175 | $18,861,000 | $64,125 | $520,000 | $65,500 | $598,000 |
| Credit Application Incomplete | 53 | $7,130,000 | $86,500 | $500,000 | $71,666 | $742,000 |
| Employment History | 46 | $6,567,000 | $83,200 | $645,000 | $59,000 | $161,000 |
| Unverifiable Information | 18 | $3,825,000 | $161,666 | $1,000,000 | $54,333 | $510,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $1,885,000 | $269,000 | $500,000 | $100,000 | $172,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bank of the West'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 the West'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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