Cal Mutual Inc Mortgage Lending & HMDA Data, 2018
In 2018, Cal Mutual Inc of Covina, CA reported 11 mortgage applications totaling $3.7 million. The average application was for $340,454, and applicants reported an average income of $53,545. 0% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Anaheim-Santa Ana-Irvine, CA (3), Los Angeles-Long Beach-Glendale, CA (3) and Salinas, CA (1) (applications in parentheses).
| Mortgage Company & Address | Cal Mutual Inc 461 N Grand Ave Covina, CA 91724 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2020 2018 |
| Total Number of Mortgage Applications | 11 |
| Total Mortgage Loan Application Amount | $3,745,000 |
| Average Mortgage Loan Application Amount | $340,454 |
| Highest Mortgage Loan Application Amount | $685,000 |
| Average Applicant Income | $53,545 |
| Highest Applicant Income | $161,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Cal Mutual Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Anaheim-Santa Ana-Irvine, CA | 3 | $ 1,805,000 | $ 601,666 | $ 72,000 |
| Los Angeles-Long Beach-Glendale, CA | 3 | $ 1,045,000 | $ 348,333 | $ 30,000 |
| Salinas, CA | 1 | $ 435,000 | $ 435,000 | $ 87,000 |
Mortgage Loan Application Detail Totals for Cal Mutual Inc in 2018
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 | 6 | $1,580,000 | $263,000 | $615,000 | $54,000 | $161,000 |
| Cash-out Refinancing | 5 | $2,165,000 | $433,000 | $685,000 | $53,000 | $90,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
| Refinancing | 0 | $0 | $0 | $0 | $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 | 6 | $2,460,000 | $410,000 | $685,000 | $45,000 | $126,000 |
| Hispanic | 4 | $850,000 | $212,000 | $395,000 | $59,000 | $161,000 |
| Not Provided | 1 | $435,000 | $435,000 | $435,000 | $87,000 | $87,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 11 | $3,745,000 | $340,000 | $685,000 | $54,000 | $161,000 |
| 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 |
|---|---|---|---|---|---|---|
| File Closed For Incompleteness | 3 | $445,000 | $148,000 | $435,000 | $29,000 | $87,000 |
| Application Approved But Not Accepted | 2 | $680,000 | $340,000 | $505,000 | $28,000 | $56,000 |
| Application Denied By Financial Institution | 2 | $870,000 | $435,000 | $475,000 | $17,000 | $34,000 |
| Preapproval Approved but not Accepted | 2 | $690,000 | $345,000 | $615,000 | $83,000 | $126,000 |
| Preapproval Denied by Financial Institution | 1 | $375,000 | $375,000 | $375,000 | $161,000 | $161,000 |
| Application Withdrawn By Applicant | 1 | $685,000 | $685,000 | $685,000 | $90,000 | $90,000 |
| Loan Originated | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Not applicable | 8 | $2,500,000 | $312,000 | $685,000 | $50,000 | $126,000 |
| Unverifiable Information | 1 | $375,000 | $375,000 | $375,000 | $161,000 | $161,000 |
| Credit Application Incomplete | 1 | $475,000 | $475,000 | $475,000 | $0 | $0 |
| Credit History | 1 | $395,000 | $395,000 | $395,000 | $34,000 | $34,000 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cal Mutual Inc's 2018 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 Cal Mutual Inc'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.
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