Cathay Bank Mortgage Lending & HMDA Data, 2024
In 2024, Cathay Bank of Los Angeles, CA reported 1,693 mortgage applications totaling $1.3 billion, down 46% from 2023. The average application was for $774,958, and applicants reported an average income of $145,267. 71% of its applications resulted in an originated loan and 8% were denied. Its largest markets were New York-Jersey City-White Plains, NY-NJ (630), Los Angeles-Long Beach-Glendale, CA (193) and Nassau County-Suffolk County, NY (161) (applications in parentheses).
| Mortgage Company & Address | Cathay Bank 9650 Flair Drive Los Angeles, CA 90012 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 1,693 |
| Total Mortgage Loan Application Amount | $1,312,005,000 |
| Average Mortgage Loan Application Amount | $774,958 |
| Highest Mortgage Loan Application Amount | $39,785,000 |
| Average Applicant Income | $145,267 |
| Highest Applicant Income | $1,462,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Cathay Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Queens, New York | 328 | $ 208,830,000 | $ 636,676 | $ 173,000 |
| Los Angeles, California | 193 | $ 168,885,000 | $ 875,051 | $ 95,000 |
| Kings, New York | 163 | $ 170,865,000 | $ 1,048,251 | $ 168,000 |
| Orange, California | 158 | $ 174,260,000 | $ 1,102,911 | $ 197,000 |
| Nassau, New York | 128 | $ 87,410,000 | $ 682,890 | $ 167,000 |
| Richmond, New York | 81 | $ 36,785,000 | $ 454,135 | $ 143,000 |
| King, Washington | 67 | $ 55,325,000 | $ 825,746 | $ 310,000 |
| San Bernardino, California | 64 | $ 36,660,000 | $ 572,812 | $ 163,000 |
| Clark, Nevada | 47 | $ 19,065,000 | $ 405,638 | $ 67,000 |
| Santa Clara, California | 39 | $ 44,935,000 | $ 1,152,179 | $ 166,000 |
| San Diego, California | 36 | $ 30,120,000 | $ 836,666 | $ 182,000 |
| Riverside, California | 33 | $ 15,915,000 | $ 482,272 | $ 97,000 |
| Suffolk, New York | 33 | $ 14,505,000 | $ 439,545 | $ 179,000 |
| Cook, Illinois | 22 | $ 9,120,000 | $ 414,545 | $ 73,000 |
| New York, New York | 21 | $ 29,865,000 | $ 1,422,142 | $ 36,000 |
| Alameda, California | 16 | $ 14,390,000 | $ 899,375 | $ 227,000 |
| San Mateo, California | 16 | $ 18,360,000 | $ 1,147,500 | $ 667,000 |
| San Francisco, California | 15 | $ 13,685,000 | $ 912,333 | $ 0 |
| Sacramento, California | 14 | $ 4,680,000 | $ 334,285 | $ 70,000 |
| Bronx, New York | 12 | $ 7,440,000 | $ 620,000 | $ 142,000 |
| Harris, Texas | 11 | $ 57,235,000 | $ 5,203,181 | $ 63,000 |
| Middlesex, New Jersey | 9 | $ 2,915,000 | $ 323,888 | $ 126,000 |
| Snohomish, Washington | 9 | $ 6,285,000 | $ 698,333 | $ 0 |
| Norfolk, Massachusetts | 8 | $ 4,780,000 | $ 597,500 | $ 110,000 |
| Bergen, New Jersey | 8 | $ 8,120,000 | $ 1,015,000 | $ 0 |
| Hudson, New Jersey | 8 | $ 3,600,000 | $ 450,000 | $ 190,000 |
| Westchester, New York | 8 | $ 5,940,000 | $ 742,500 | $ 0 |
| Denton, Texas | 8 | $ 2,110,000 | $ 263,750 | $ 63,000 |
| Pierce, Washington | 8 | $ 3,280,000 | $ 410,000 | $ 0 |
| Collin, Texas | 7 | $ 2,625,000 | $ 375,000 | $ 167,000 |
| Fort Bend, Texas | 7 | $ 2,475,000 | $ 353,571 | $ 82,000 |
| Contra Costa, California | 6 | $ 3,360,000 | $ 560,000 | $ 0 |
| Middlesex, Massachusetts | 6 | $ 5,780,000 | $ 963,333 | $ 119,000 |
| San Joaquin, California | 5 | $ 4,525,000 | $ 905,000 | $ 0 |
| Solano, California | 5 | $ 2,435,000 | $ 487,000 | $ 0 |
| Dallas, Texas | 5 | $ 1,185,000 | $ 237,000 | $ 47,000 |
| DuPage, Illinois | 4 | $ 1,140,000 | $ 285,000 | $ 65,000 |
| Howard, Maryland | 4 | $ 1,300,000 | $ 325,000 | $ 0 |
| Suffolk, Massachusetts | 4 | $ 3,360,000 | $ 840,000 | $ 0 |
| Essex, New Jersey | 4 | $ 1,390,000 | $ 347,500 | $ 0 |
| Mercer, New Jersey | 4 | $ 1,130,000 | $ 282,500 | $ 179,000 |
| Morris, New Jersey | 4 | $ 1,650,000 | $ 412,500 | $ 0 |
| Will, Illinois | 3 | $ 1,305,000 | $ 435,000 | $ 0 |
| Ocean, New Jersey | 3 | $ 1,495,000 | $ 498,333 | $ 0 |
| Union, New Jersey | 3 | $ 895,000 | $ 298,333 | $ 228,000 |
| Albany, New York | 3 | $ 725,000 | $ 241,666 | $ 113,000 |
| Orange, New York | 3 | $ 725,000 | $ 241,666 | $ 0 |
| Ventura, California | 2 | $ 1,790,000 | $ 895,000 | $ 0 |
| Baltimore, Maryland | 2 | $ 910,000 | $ 455,000 | $ 102,000 |
| Bristol, Massachusetts | 2 | $ 1,200,000 | $ 600,000 | $ 0 |
| Plymouth, Massachusetts | 2 | $ 800,000 | $ 400,000 | $ 0 |
| Camden, New Jersey | 2 | $ 680,000 | $ 340,000 | $ 0 |
| Somerset, New Jersey | 2 | $ 1,000,000 | $ 500,000 | $ 0 |
| Onondaga, New York | 2 | $ 390,000 | $ 195,000 | $ 78,000 |
| Tompkins, New York | 2 | $ 230,000 | $ 115,000 | $ 0 |
| Ellis, Texas | 2 | $ 530,000 | $ 265,000 | $ 0 |
| Williamson, Texas | 2 | $ 690,000 | $ 345,000 | $ 0 |
| Kern, California | 1 | $ 335,000 | $ 335,000 | $ 0 |
| Madera, California | 1 | $ 255,000 | $ 255,000 | $ 0 |
| Marin, California | 1 | $ 555,000 | $ 555,000 | $ 0 |
| Placer, California | 1 | $ 405,000 | $ 405,000 | $ 0 |
| San Luis Obispo, California | 1 | $ 675,000 | $ 675,000 | $ 0 |
| Santa Cruz, California | 1 | $ 255,000 | $ 255,000 | $ 0 |
| Yolo, California | 1 | $ 265,000 | $ 265,000 | $ 0 |
| Boone, Illinois | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Montgomery, Maryland | 1 | $ 1,745,000 | $ 1,745,000 | $ 0 |
| Prince George's, Maryland | 1 | $ 535,000 | $ 535,000 | $ 102,000 |
| Talbot, Maryland | 1 | $ 295,000 | $ 295,000 | $ 0 |
| Essex, Massachusetts | 1 | $ 235,000 | $ 235,000 | $ 0 |
| Hampden, Massachusetts | 1 | $ 495,000 | $ 495,000 | $ 0 |
| Worcester, Massachusetts | 1 | $ 335,000 | $ 335,000 | $ 0 |
| Atlantic, New Jersey | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Monmouth, New Jersey | 1 | $ 235,000 | $ 235,000 | $ 0 |
| Passaic, New Jersey | 1 | $ 455,000 | $ 455,000 | $ 0 |
| Sussex, New Jersey | 1 | $ 435,000 | $ 435,000 | $ 0 |
| Broome, New York | 1 | $ 65,000 | $ 65,000 | $ 0 |
| Cayuga, New York | 1 | $ 105,000 | $ 105,000 | $ 78,000 |
| Erie, New York | 1 | $ 135,000 | $ 135,000 | $ 54,000 |
| Monroe, New York | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Rensselaer, New York | 1 | $ 245,000 | $ 245,000 | $ 0 |
| Schenectady, New York | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Bexar, Texas | 1 | $ 495,000 | $ 495,000 | $ 0 |
| Brazoria, Texas | 1 | $ 245,000 | $ 245,000 | $ 0 |
| Parker, Texas | 1 | $ 315,000 | $ 315,000 | $ 0 |
| Rockwall, Texas | 1 | $ 175,000 | $ 175,000 | $ 0 |
| Tarrant, Texas | 1 | $ 315,000 | $ 315,000 | $ 0 |
| Clark, Washington | 1 | $ 455,000 | $ 455,000 | $ 160,000 |
Mortgage Loan Application Detail Totals for Cathay Bank in 2024
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 | 1,410 | $960,930,000 | $681,000 | $3,455,000 | $154,000 | $1,462,000 |
| Cash-out Refinancing | 136 | $146,260,000 | $1,075,000 | $6,905,000 | $70,000 | $263,000 |
| Refinancing | 136 | $200,020,000 | $1,470,000 | $39,785,000 | $130,000 | $296,000 |
| Home Improvement | 11 | $4,795,000 | $435,000 | $605,000 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 |
|---|---|---|---|---|---|---|
| Asian | 1,232 | $829,380,000 | $673,000 | $2,505,000 | $165,000 | $1,462,000 |
| Not applicable | 220 | $326,440,000 | $1,483,000 | $39,785,000 | $0 | $0 |
| Not Provided | 105 | $85,565,000 | $814,000 | $2,505,000 | $178,000 | $667,000 |
| White | 78 | $45,550,000 | $583,000 | $2,505,000 | $82,000 | $296,000 |
| Hispanic | 45 | $20,585,000 | $457,000 | $885,000 | $110,000 | $1,019,000 |
| Black or African American | 13 | $4,485,000 | $345,000 | $625,000 | $81,000 | $148,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 1,693 | $1,312,005,000 | $774,000 | $39,785,000 | $149,000 | $1,462,000 |
| 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 | 1,209 | $990,435,000 | $819,000 | $39,785,000 | $157,000 | $1,019,000 |
| Application Withdrawn By Applicant | 135 | $93,695,000 | $694,000 | $2,505,000 | $180,000 | $1,462,000 |
| Application Denied By Financial Institution | 127 | $93,235,000 | $734,000 | $2,505,000 | $169,000 | $667,000 |
| File Closed For Incompleteness | 99 | $73,815,000 | $745,000 | $2,505,000 | $164,000 | $300,000 |
| Application Approved But Not Accepted | 67 | $48,815,000 | $728,000 | $2,275,000 | $205,000 | $801,000 |
| Loan Purchased By The Institution | 56 | $12,010,000 | $214,000 | $435,000 | $68,000 | $130,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 1,566 | $1,218,770,000 | $778,000 | $39,785,000 | $148,000 | $1,462,000 |
| Collateral | 40 | $25,870,000 | $646,000 | $1,945,000 | $136,000 | $225,000 |
| Credit History | 38 | $33,350,000 | $877,000 | $2,505,000 | $144,000 | $252,000 |
| Other | 33 | $22,375,000 | $678,000 | $2,505,000 | $171,000 | $180,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $6,560,000 | $1,093,000 | $2,505,000 | $382,000 | $382,000 |
| Unverifiable Information | 5 | $2,195,000 | $439,000 | $595,000 | $155,000 | $243,000 |
| Debt-To-Income Ratio | 4 | $2,570,000 | $642,000 | $1,675,000 | $217,000 | $667,000 |
| Credit Application Incomplete | 1 | $315,000 | $315,000 | $315,000 | $58,000 | $58,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cathay Bank's 2024 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 Cathay Bank'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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