Bank of the West Mortgage Lending & HMDA Data, 2009

In 2009, Bank of the West of Monterey Park, CA reported 20,594 mortgage applications totaling $4.0 billion, down 12% from 2008. The average application was for $193,413, and applicants reported an average income of $98,081. 50% of its applications resulted in an originated loan and 25% were denied. Its largest markets were Omaha-Council Bluffs, NE-IA (1,366), Los Angeles-Long Beach-Glendale, CA (1,210) and Denver-Aurora-Broomfield, CO (1,031) (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 20,594
Total Mortgage Loan Application Amount $3,983,150,000
Average Mortgage Loan Application Amount $193,413
Highest Mortgage Loan Application Amount $5,000,000
Average Applicant Income $98,081
Highest Applicant Income $9,999,000

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Act (HMDA) records Bank of the West filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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

Mortgage Loan Application Totals for Bank of the West 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
Omaha-Council Bluffs, NE-IA 1,366 $ 168,470,000 $ 123,330 $ 78,606
Los Angeles-Long Beach-Glendale, CA 1,210 $ 388,917,000 $ 321,419 $ 146,000
Denver-Aurora-Broomfield, CO 1,031 $ 239,617,000 $ 232,412 $ 100,000
Oakland-Fremont-Hayward, CA 889 $ 278,606,000 $ 313,392 $ 127,000
Wichita, KS 791 $ 81,251,000 $ 102,719 $ 69,000
San Jose-Sunnyvale-Santa Clara, CA 667 $ 217,837,000 $ 326,592 $ 137,000
Albuquerque, NM 522 $ 79,242,000 $ 151,804 $ 78,000
Des Moines-West Des Moines, IA 515 $ 64,502,000 $ 125,246 $ 81,000
San Francisco-San Mateo-Redwood City, CA 400 $ 168,681,000 $ 421,702 $ 162,000
Santa Ana-Anaheim-Irvine, CA 392 $ 150,307,000 $ 383,436 $ 186,000
Stockton, CA 322 $ 62,019,000 $ 192,605 $ 96,000
Modesto, CA 285 $ 56,922,000 $ 199,726 $ 127,000
Portland-Vancouver-Beaverton, OR-WA 274 $ 54,917,000 $ 200,427 $ 103,058
Sacramento--Arden-Arcade--Roseville, CA 274 $ 64,920,000 $ 236,934 $ 141,000
Kansas City, MO-KS 247 $ 25,875,000 $ 104,757 $ 88,732
Riverside-San Bernardino-Ontario, CA 244 $ 58,469,000 $ 239,627 $ 119,000
Lincoln, NE 195 $ 20,855,000 $ 106,948 $ 70,000
Tucson, AZ 192 $ 39,808,000 $ 207,333 $ 100,000
Santa Rosa-Petaluma, CA 181 $ 54,954,000 $ 303,613 $ 119,000
Cedar Rapids, IA 175 $ 15,539,000 $ 88,794 $ 60,000
San Diego-Carlsbad-San Marcos, CA 173 $ 54,752,000 $ 316,485 $ 178,000
Oklahoma City, OK 163 $ 20,933,000 $ 128,423 $ 89,000
Fresno, CA 158 $ 22,549,000 $ 142,715 $ 87,000
Minneapolis-St. Paul-Bloomington, MN-WI 152 $ 32,870,000 $ 216,250 $ 110,572
Phoenix-Mesa-Scottsdale, AZ 151 $ 29,319,000 $ 194,165 $ 226,000
Las Cruces, NM 144 $ 15,765,000 $ 109,479 $ 60,000
Fargo, ND-MN 141 $ 17,752,000 $ 125,900 $ 64,744
Oxnard-Thousand Oaks-Ventura, CA 126 $ 40,661,000 $ 322,706 $ 183,000
Grand Junction, CO 119 $ 24,056,000 $ 202,151 $ 88,000
Fort Collins-Loveland, CO 116 $ 26,372,000 $ 227,344 $ 86,000
Vallejo-Fairfield, CA 113 $ 21,626,000 $ 191,380 $ 112,000
Las Vegas-Paradise, NV 99 $ 17,418,000 $ 175,939 $ 131,000
Boulder, CO 96 $ 28,878,000 $ 300,812 $ 106,000
Greeley, CO 89 $ 15,797,000 $ 177,494 $ 88,000
Santa Cruz-Watsonville, CA 87 $ 31,950,000 $ 367,241 $ 155,000
Tulsa, OK 86 $ 9,289,000 $ 108,011 $ 78,000
Salt Lake City, UT 78 $ 30,716,000 $ 393,794 $ 171,000
Chico, CA 70 $ 9,158,000 $ 130,828 $ 57,000
Napa, CA 69 $ 21,639,000 $ 313,608 $ 130,000
Visalia-Porterville, CA 67 $ 13,434,000 $ 200,507 $ 83,000
Casper, WY 66 $ 11,142,000 $ 168,818 $ 76,000
Reno-Sparks, NV 64 $ 12,453,000 $ 194,578 $ 119,000
Bakersfield, CA 57 $ 8,497,000 $ 149,070 $ 124,000
Cheyenne, WY 57 $ 8,743,000 $ 153,385 $ 66,000
La Crosse, WI-MN 56 $ 6,722,000 $ 120,035 $ 62,000
St. Cloud, MN 48 $ 7,715,000 $ 160,729 $ 71,000
Iowa City, IA 46 $ 5,767,000 $ 125,369 $ 79,000
Boise City-Nampa, ID 45 $ 5,507,000 $ 122,377 $ 100,000
Hanford-Corcoran, CA 41 $ 6,119,000 $ 149,243 $ 121,000
Salinas, CA 37 $ 14,499,000 $ 391,864 $ 143,000
Kennewick-Pasco-Richland, WA 35 $ 5,249,000 $ 149,971 $ 134,000
Flagstaff, AZ 33 $ 6,383,000 $ 193,424 $ 88,000
Sioux City, IA-NE-SD 33 $ 2,888,000 $ 87,515 $ 72,090
Santa Barbara-Santa Maria-Goleta, CA 25 $ 14,232,000 $ 569,280 $ 197,000
Merced, CA 23 $ 5,349,000 $ 232,565 $ 116,000
Ames, IA 22 $ 2,256,000 $ 102,545 $ 67,000
Davenport-Moline-Rock Island, IA-IL 20 $ 1,374,000 $ 68,700 $ 60,350
San Luis Obispo-Paso Robles, CA 20 $ 9,672,000 $ 483,600 $ 280,000
Santa Fe, NM 18 $ 4,484,000 $ 249,111 $ 125,000
Ogden-Clearfield, UT 15 $ 2,809,000 $ 187,266 $ 75,000
Prescott, AZ 14 $ 1,093,000 $ 78,071 $ 43,000
Pueblo, CO 14 $ 1,624,000 $ 116,000 $ 87,000
Salem, OR 14 $ 2,759,000 $ 197,071 $ 119,000
Seattle-Bellevue-Everett, WA 14 $ 9,362,000 $ 668,714 $ 265,000
Colorado Springs, CO 13 $ 4,911,000 $ 377,769 $ 128,000
El Paso, TX 13 $ 2,259,000 $ 173,769 $ 85,000
Madera-Chowchilla, CA 13 $ 2,250,000 $ 173,076 $ 125,000
St. Louis, MO-IL 13 $ 1,602,000 $ 123,230 $ 71,000
Yakima, WA 13 $ 3,445,000 $ 265,000 $ 40,000
Yuba City, CA 12 $ 1,630,000 $ 135,833 $ 55,000
Carson City, NV 11 $ 1,822,000 $ 165,636 $ 67,000
Provo-Orem, UT 11 $ 4,246,000 $ 386,000 $ 238,000
Duluth, MN-WI 10 $ 1,345,000 $ 134,500 $ 94,900
Lawrence, KS 8 $ 1,403,000 $ 175,375 $ 77,000
Sioux Falls, SD 8 $ 2,839,000 $ 354,875 $ 70,000
Tacoma, WA 7 $ 1,389,000 $ 198,428 $ 72,000
Atlanta-Sandy Springs-Marietta, GA 6 $ 2,248,000 $ 374,666 $ 154,000
Bend, OR 6 $ 1,674,000 $ 279,000 $ 241,000
Dallas-Plano-Irving, TX 6 $ 1,309,000 $ 218,166 $ 215,000
Eugene-Springfield, OR 6 $ 1,484,000 $ 247,333 $ 75,000
Rapid City, SD 6 $ 3,227,000 $ 537,833 $ 131,000
Topeka, KS 6 $ 363,000 $ 60,500 $ 48,000
Fort Worth-Arlington, TX 5 $ 3,710,000 $ 742,000 $ 468,000
Waterloo-Cedar Falls, IA 5 $ 746,000 $ 149,200 $ 76,000
Austin-Round Rock, TX 4 $ 1,248,000 $ 312,000 $ 184,000
Charlotte-Gastonia-Concord, NC-SC 4 $ 407,000 $ 101,750 $ 75,000
Chicago-Naperville-Joliet, IL 4 $ 1,142,000 $ 285,500 $ 161,000
Medford, OR 4 $ 717,000 $ 179,250 $ 197,000
St. George, UT 4 $ 755,000 $ 188,750 $ 151,000
Washington-Arlington-Alexandria, DC-VA-MD-WV 4 $ 988,000 $ 247,000 $ 103,000
Bellingham, WA 3 $ 820,000 $ 273,333 $ 354,000
Bradenton-Sarasota-Venice, FL 3 $ 637,000 $ 212,333 $ 91,000
Bremerton-Silverdale, WA 3 $ 970,000 $ 323,333 $ 76,000
Dubuque, IA 3 $ 221,000 $ 73,666 $ 53,000
Fayetteville-Springdale-Rogers, AR-MO 3 $ 179,000 $ 59,666 $ 105,000
Houston-Sugar Land-Baytown, TX 3 $ 390,000 $ 130,000 $ 76,000
Lake Havasu City-Kingman, AZ 3 $ 421,000 $ 140,333 $ 52,000
Milwaukee-Waukesha-West Allis, WI 3 $ 287,000 $ 95,666 $ 52,000
Pocatello, ID 3 $ 566,000 $ 188,666 $ 127,000
Springfield, MO 3 $ 257,000 $ 85,666 $ 64,000
Wausau, WI 3 $ 418,000 $ 139,333 $ 107,000
Wenatchee-East Wenatchee, WA 3 $ 588,000 $ 196,000 $ 79,000
Bethesda-Frederick-Rockville, MD 2 $ 1,857,000 $ 928,500 $ 106,000
Bismarck, ND 2 $ 380,000 $ 190,000 $ 116,000
Cape Coral-Fort Myers, FL 2 $ 340,000 $ 170,000 $ 151,000
Coeur D'Alene, ID 2 $ 558,000 $ 279,000 $ 262,000
Honolulu, HI 2 $ 990,000 $ 495,000 $ 263,000
Indianapolis-Carmel, IN 2 $ 709,000 $ 354,500 $ 223,000
Logan, UT-ID 2 $ 335,000 $ 167,500 $ 140,000
Manhattan, KS 2 $ 195,000 $ 97,500 $ 83,000
Miami-Miami Beach-Kendall, FL 2 $ 776,000 $ 388,000 $ 157,000
Orlando-Kissimmee, FL 2 $ 294,000 $ 147,000 $ 40,000
Palm Bay-Melbourne-Titusville, FL 2 $ 504,000 $ 252,000 $ 160,000
Pensacola-Ferry Pass-Brent, FL 2 $ 432,000 $ 216,000 $ 71,000
Redding, CA 2 $ 249,000 $ 124,500 $ 406,000
San Antonio, TX 2 $ 332,000 $ 166,000 $ 63,000
St. Joseph, MO-KS 2 $ 178,000 $ 89,000 $ 61,000
West Palm Beach-Boca Raton-Boynton Beach, FL 2 $ 288,000 $ 144,000 $ 89,000
Yuma, AZ 2 $ 844,000 $ 422,000 $ 142,000
Augusta-Richmond County, GA-SC 1 $ 20,000 $ 20,000 $ 33,000
Cambridge-Newton-Framingham, MA 1 $ 143,000 $ 143,000 $ 45,000
Canton-Massillon, OH 1 $ 60,000 $ 60,000 $ 64,000
Cape Girardeau-Jackson, MO-IL 1 $ 137,000 $ 137,000 $ 34,000
Chattanooga, TN-GA 1 $ 140,000 $ 140,000 $ 131,000
Cincinnati-Middletown, OH-KY-IN 1 $ 35,000 $ 35,000 $ 176,000
Columbus, OH 1 $ 167,000 $ 167,000 $ 59,000
Deltona-Daytona Beach-Ormond Beach, FL 1 $ 158,000 $ 158,000 $ 45,000
Eau Claire, WI 1 $ 129,000 $ 129,000 $ 52,000
El Centro, CA 1 $ 153,000 $ 153,000 $ 114,000
Elmira, NY 1 $ 244,000 $ 244,000 $ 420,000
Farmington, NM 1 $ 50,000 $ 50,000 $ 93,000
Florence-Muscle Shoals, AL 1 $ 55,000 $ 55,000 $ 52,000
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 1 $ 150,000 $ 150,000 $ 90,000
Grand Forks, ND-MN 1 $ 1,960,000 $ 1,960,000 $ 0
Green Bay, WI 1 $ 90,000 $ 90,000 $ 49,000
Hot Springs, AR 1 $ 36,000 $ 36,000 $ 80,000
Idaho Falls, ID 1 $ 137,000 $ 137,000 $ 64,000
Joplin, MO 1 $ 43,000 $ 43,000 $ 106,000
Killeen-Temple-Fort Hood, TX 1 $ 80,000 $ 80,000 $ 183,000
Lake County-Kenosha County, IL-WI 1 $ 475,000 $ 475,000 $ 309,000
Lawton, OK 1 $ 45,000 $ 45,000 $ 113,000
Lexington-Fayette, KY 1 $ 676,000 $ 676,000 $ 360,000
Little Rock-North Little Rock-Conway, AR 1 $ 138,000 $ 138,000 $ 347,000
Longview, WA 1 $ 55,000 $ 55,000 $ 57,000
Mankato-North Mankato, MN 1 $ 178,000 $ 178,000 $ 58,000
Montgomery, AL 1 $ 74,000 $ 74,000 $ 60,000
Muncie, IN 1 $ 417,000 $ 417,000 $ 400,000
Naples-Marco Island, FL 1 $ 60,000 $ 60,000 $ 18,000
Newark-Union, NJ-PA 1 $ 63,000 $ 63,000 $ 28,000
Port St. Lucie, FL 1 $ 165,000 $ 165,000 $ 73,000
Racine, WI 1 $ 5,000 $ 5,000 $ 62,000
Rochester, MN 1 $ 417,000 $ 417,000 $ 234,000
Savannah, GA 1 $ 273,000 $ 273,000 $ 0
Tampa-St. Petersburg-Clearwater, FL 1 $ 185,000 $ 185,000 $ 136,000
Waco, TX 1 $ 271,000 $ 271,000 $ 179,000
Warren-Troy-Farmington Hills, MI 1 $ 160,000 $ 160,000 $ 232,000
Wichita Falls, TX 1 $ 39,000 $ 39,000 $ 93,000
Wilmington, NC 1 $ 152,000 $ 152,000 $ 51,000
Youngstown-Warren-Boardman, OH-PA 1 $ 119,000 $ 119,000 $ 173,000

Mortgage Loan Application Detail Totals for Bank of the West 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 9,730 $2,189,843,000 $225,000 $5,000,000 $106,000 $9,999,000
Home Purchase 8,444 $1,617,303,000 $191,000 $4,000,000 $95,000 $8,920,000
Home Improvement 2,420 $176,004,000 $72,000 $3,000,000 $77,000 $2,296,000

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 14,480 $2,719,349,000 $187,000 $4,000,000 $101,000 $9,999,000
Hispanic 2,312 $320,677,000 $138,000 $2,500,000 $65,000 $1,660,000
Not Provided 1,892 $453,459,000 $239,000 $3,896,000 $118,000 $3,287,000
Asian 1,230 $345,591,000 $280,000 $3,500,000 $119,000 $1,554,000
Black or African American 403 $55,807,000 $138,000 $1,200,000 $67,000 $750,000
Not applicable 94 $58,959,000 $627,000 $5,000,000 $0 $0
Native Hawaiian or Other Pacific Islander 93 $18,563,000 $199,000 $1,080,000 $77,000 $300,000
American Indian or Alaskan Native 90 $10,745,000 $119,000 $1,100,000 $86,000 $2,037,000

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) 15,628 $3,266,284,000 $209,000 $5,000,000 $112,000 $9,999,000
FHA-insured (Federal Housing Administration) 4,275 $612,823,000 $143,000 $743,000 $55,000 $818,000
VA-guaranteed (Veterans Administration) 445 $76,333,000 $171,000 $834,000 $60,000 $216,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 246 $27,710,000 $112,000 $380,000 $40,000 $123,000

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 10,362 $2,058,608,000 $198,000 $5,000,000 $102,000 $8,920,000
Application Denied By Financial Institution 5,065 $918,495,000 $181,000 $4,000,000 $99,000 $9,999,000
Preapproval Denied by Financial Institution 2,664 $382,888,000 $143,000 $3,500,000 $57,000 $5,384,000
Application Approved But Not Accepted 1,803 $415,406,000 $230,000 $3,465,000 $119,000 $2,141,000
Application Withdrawn By Applicant 700 $207,753,000 $296,000 $3,000,000 $138,000 $6,333,000
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
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
Credit History 3,272 $354,152,000 $108,000 $3,444,000 $68,000 $9,999,000
Debt-To-Income Ratio 2,089 $425,864,000 $203,000 $4,000,000 $66,000 $1,472,000
Collateral 1,383 $313,295,000 $226,000 $3,000,000 $125,000 $9,786,000
Other 409 $87,105,000 $212,000 $2,260,000 $154,000 $2,774,000
Credit Application Incomplete 189 $30,664,000 $162,000 $1,854,000 $104,000 $1,278,000
Insufficient Cash (Downpayment, Closing Cost) 172 $52,207,000 $303,000 $2,500,000 $128,000 $5,384,000
Employment History 113 $17,843,000 $157,000 $1,423,000 $70,000 $517,000
Mortgage Insurance Denied 53 $10,709,000 $202,000 $900,000 $83,000 $725,000
Unverifiable Information 49 $9,544,000 $194,000 $880,000 $97,000 $480,000

Our comprehensive HMDA mortgage statistics provide invaluable insights into Bank of the West'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 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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