California Bank & Trust Mortgage Lending & HMDA Data, 2008
In 2008, California Bank & Trust of Huntington Beach, CA reported 859 mortgage applications totaling $438.3 million, up 23% from 2007. The average application was for $510,256, and applicants reported an average income of $224,682. 47% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (198), San Diego-Carlsbad-San Marcos, CA (190) and Santa Ana-Anaheim-Irvine, CA (95) (applications in parentheses).
| Mortgage Company & Address | California Bank & Trust 16041 Goldenwest Street Huntington Beach, CA 92647 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 | 859 |
| Total Mortgage Loan Application Amount | $438,310,000 |
| Average Mortgage Loan Application Amount | $510,256 |
| Highest Mortgage Loan Application Amount | $12,500,000 |
| Average Applicant Income | $224,682 |
| Highest Applicant Income | $9,999,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records California Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Detail Totals for California Bank & Trust in 2008
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 | 472 | $277,176,000 | $587,000 | $12,500,000 | $206,000 | $1,991,000 |
| Home Purchase | 319 | $143,209,000 | $448,000 | $4,875,000 | $274,000 | $9,999,000 |
| Home Improvement | 68 | $17,925,000 | $263,000 | $3,000,000 | $123,000 | $1,444,000 |
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 | 389 | $186,937,000 | $480,000 | $4,875,000 | $278,000 | $9,999,000 |
| Not Provided | 198 | $95,650,000 | $483,000 | $3,700,000 | $209,000 | $1,991,000 |
| Asian | 114 | $65,058,000 | $570,000 | $7,500,000 | $232,000 | $1,991,000 |
| Hispanic | 108 | $27,675,000 | $256,000 | $1,405,000 | $106,000 | $1,487,000 |
| Not applicable | 21 | $54,138,000 | $2,578,000 | $12,500,000 | $0 | $0 |
| Black or African American | 16 | $5,805,000 | $362,000 | $1,763,000 | $257,000 | $2,527,000 |
| Native Hawaiian or Other Pacific Islander | 8 | $2,614,000 | $326,000 | $945,000 | $111,000 | $433,000 |
| American Indian or Alaskan Native | 5 | $433,000 | $86,000 | $135,000 | $68,000 | $120,000 |
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) | 859 | $438,310,000 | $510,000 | $12,500,000 | $224,000 | $9,999,000 |
| 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 | 407 | $212,849,000 | $522,000 | $12,500,000 | $229,000 | $2,601,000 |
| Application Approved But Not Accepted | 252 | $114,269,000 | $453,000 | $3,000,000 | $245,000 | $1,991,000 |
| Application Denied By Financial Institution | 169 | $96,736,000 | $572,000 | $7,500,000 | $188,000 | $9,999,000 |
| Application Withdrawn By Applicant | 27 | $10,606,000 | $392,000 | $945,000 | $171,000 | $1,150,000 |
| File Closed For Incompleteness | 4 | $3,850,000 | $962,000 | $2,150,000 | $261,000 | $774,000 |
| Loan Purchased By The Institution | 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 | 76 | $55,729,000 | $733,000 | $7,500,000 | $75,000 | $321,000 |
| Credit History | 38 | $15,087,000 | $397,000 | $3,700,000 | $177,000 | $1,500,000 |
| Collateral | 32 | $12,110,000 | $378,000 | $1,500,000 | $160,000 | $508,000 |
| Other | 16 | $10,250,000 | $640,000 | $4,875,000 | $818,000 | $9,999,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $1,325,000 | $441,000 | $1,000,000 | $111,000 | $274,000 |
| Credit Application Incomplete | 2 | $1,775,000 | $887,000 | $1,500,000 | $314,000 | $500,000 |
| Employment History | 1 | $160,000 | $160,000 | $160,000 | $45,000 | $45,000 |
| Unverifiable Information | 1 | $300,000 | $300,000 | $300,000 | $52,000 | $52,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into California Bank & Trust's 2008 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 California Bank & Trust'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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