Cathay Bank Mortgage Lending & HMDA Data, 2010
In 2010, Cathay Bank of El Monte, CA reported 1,505 mortgage applications totaling $451.1 million, up 40% from 2009. The average application was for $299,717, and applicants reported an average income of $126,536. 76% of its applications resulted in an originated loan and 9% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (387), Los Angeles-Long Beach-Glendale, CA (333) and Chicago-Joliet-Naperville, IL (205) (applications in parentheses).
| Mortgage Company & Address | Cathay Bank 9650 Flair Drive El Monte, CA 91731 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 | 1,505 |
| Total Mortgage Loan Application Amount | $451,075,000 |
| Average Mortgage Loan Application Amount | $299,717 |
| Highest Mortgage Loan Application Amount | $3,250,000 |
| Average Applicant Income | $126,536 |
| Highest Applicant Income | $4,812,000 |
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Act (HMDA) records Cathay Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Los Angeles, California | 333 | $ 112,094,000 | $ 336,618 | $ 143,000 |
| Cook, Illinois | 189 | $ 29,885,000 | $ 158,121 | $ 71,000 |
| Queens, New York | 180 | $ 58,642,000 | $ 325,788 | $ 133,000 |
| Kings, New York | 156 | $ 53,431,000 | $ 342,506 | $ 101,000 |
| Orange, California | 112 | $ 40,570,000 | $ 362,232 | $ 185,000 |
| Alameda, California | 65 | $ 14,389,000 | $ 221,369 | $ 107,000 |
| San Bernardino, California | 53 | $ 13,499,000 | $ 254,698 | $ 123,000 |
| Santa Clara, California | 44 | $ 14,072,000 | $ 319,818 | $ 122,000 |
| New York, New York | 37 | $ 24,259,000 | $ 655,648 | $ 276,000 |
| King, Washington | 35 | $ 12,131,000 | $ 346,600 | $ 111,000 |
| Riverside, California | 29 | $ 8,897,000 | $ 306,793 | $ 207,000 |
| Harris, Texas | 28 | $ 6,750,000 | $ 241,071 | $ 59,000 |
| San Mateo, California | 26 | $ 8,866,000 | $ 341,000 | $ 131,000 |
| San Francisco, California | 21 | $ 7,505,000 | $ 357,380 | $ 113,000 |
| Contra Costa, California | 18 | $ 3,822,000 | $ 212,333 | $ 107,000 |
| San Diego, California | 17 | $ 7,130,000 | $ 419,411 | $ 145,000 |
| Fort Bend, Texas | 15 | $ 2,436,000 | $ 162,400 | $ 71,000 |
| Middlesex, Massachusetts | 13 | $ 2,479,000 | $ 190,692 | $ 191,000 |
| Collin, Texas | 13 | $ 1,620,000 | $ 124,615 | $ 65,000 |
| Nassau, New York | 12 | $ 4,544,000 | $ 378,666 | $ 151,000 |
| Sacramento, California | 10 | $ 1,250,000 | $ 125,000 | $ 71,000 |
| DuPage, Illinois | 10 | $ 1,693,000 | $ 169,300 | $ 72,000 |
| Suffolk, Massachusetts | 8 | $ 1,488,000 | $ 186,000 | $ 88,000 |
| Norfolk, Massachusetts | 7 | $ 1,822,000 | $ 260,285 | $ 79,000 |
| Richmond, New York | 6 | $ 1,939,000 | $ 323,166 | $ 107,000 |
| Suffolk, New York | 5 | $ 1,115,000 | $ 223,000 | $ 109,000 |
| Dallas, Texas | 5 | $ 1,687,000 | $ 337,400 | $ 99,000 |
| Will, Illinois | 4 | $ 483,000 | $ 120,750 | $ 52,000 |
| Middlesex, New Jersey | 4 | $ 751,000 | $ 187,750 | $ 119,000 |
| Bristol, Massachusetts | 3 | $ 638,000 | $ 212,666 | $ 67,000 |
| Bergen, New Jersey | 3 | $ 1,697,000 | $ 565,666 | $ 231,000 |
| Bronx, New York | 3 | $ 708,000 | $ 236,000 | $ 83,000 |
| Marin, California | 2 | $ 667,000 | $ 333,500 | $ 268,000 |
| Placer, California | 2 | $ 753,000 | $ 376,500 | $ 272,000 |
| Plymouth, Massachusetts | 2 | $ 940,000 | $ 470,000 | $ 563,000 |
| Clark, Nevada | 2 | $ 207,000 | $ 103,500 | $ 225,000 |
| Union, New Jersey | 2 | $ 350,000 | $ 175,000 | $ 123,000 |
| Denton, Texas | 2 | $ 459,000 | $ 229,500 | $ 163,000 |
| Galveston, Texas | 2 | $ 249,000 | $ 124,500 | $ 68,000 |
| Tarrant, Texas | 2 | $ 165,000 | $ 82,500 | $ 46,000 |
| Snohomish, Washington | 2 | $ 274,000 | $ 137,000 | $ 49,000 |
| Merced, California | 1 | $ 141,000 | $ 141,000 | $ 48,000 |
| Monterey, California | 1 | $ 160,000 | $ 160,000 | $ 47,000 |
| San Joaquin, California | 1 | $ 126,000 | $ 126,000 | $ 48,000 |
| Ventura, California | 1 | $ 293,000 | $ 293,000 | $ 313,000 |
| Yuba, California | 1 | $ 126,000 | $ 126,000 | $ 68,000 |
| Kane, Illinois | 1 | $ 157,000 | $ 157,000 | $ 60,000 |
| Lake, Illinois | 1 | $ 453,000 | $ 453,000 | $ 313,000 |
| LaSalle, Illinois | 1 | $ 200,000 | $ 200,000 | $ 62,000 |
| McHenry, Illinois | 1 | $ 120,000 | $ 120,000 | $ 43,000 |
| Sangamon, Illinois | 1 | $ 100,000 | $ 100,000 | $ 74,000 |
| Essex, Massachusetts | 1 | $ 260,000 | $ 260,000 | $ 126,000 |
| Hampden, Massachusetts | 1 | $ 150,000 | $ 150,000 | $ 60,000 |
| Worcester, Massachusetts | 1 | $ 100,000 | $ 100,000 | $ 76,000 |
| Hudson, New Jersey | 1 | $ 100,000 | $ 100,000 | $ 36,000 |
| Schenectady, New York | 1 | $ 89,000 | $ 89,000 | $ 48,000 |
| Washington, New York | 1 | $ 95,000 | $ 95,000 | $ 42,000 |
| Westchester, New York | 1 | $ 1,000,000 | $ 1,000,000 | $ 0 |
| Brazoria, Texas | 1 | $ 100,000 | $ 100,000 | $ 40,000 |
| Guadalupe, Texas | 1 | $ 143,000 | $ 143,000 | $ 44,000 |
| Hays, Texas | 1 | $ 130,000 | $ 130,000 | $ 38,000 |
| Matagorda, Texas | 1 | $ 129,000 | $ 129,000 | $ 46,000 |
| Travis, Texas | 1 | $ 417,000 | $ 417,000 | $ 168,000 |
| Kitsap, Washington | 1 | $ 130,000 | $ 130,000 | $ 48,000 |
Mortgage Loan Application Detail Totals for Cathay Bank in 2010
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 | 1,089 | $314,752,000 | $289,000 | $3,250,000 | $123,000 | $4,812,000 |
| Refinancing | 399 | $129,908,000 | $325,000 | $2,450,000 | $138,000 | $3,840,000 |
| Home Improvement | 17 | $6,415,000 | $377,000 | $3,200,000 | $84,000 | $488,000 |
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 |
|---|---|---|---|---|---|---|
| Asian | 1,349 | $380,580,000 | $282,000 | $3,000,000 | $124,000 | $4,812,000 |
| White | 85 | $33,688,000 | $396,000 | $1,200,000 | $222,000 | $2,707,000 |
| Hispanic | 30 | $7,349,000 | $244,000 | $700,000 | $41,000 | $354,000 |
| Not applicable | 24 | $22,399,000 | $933,000 | $3,250,000 | $0 | $0 |
| Not Provided | 10 | $5,328,000 | $532,000 | $2,250,000 | $131,000 | $401,000 |
| Black or African American | 6 | $1,371,000 | $228,000 | $389,000 | $69,000 | $144,000 |
| American Indian or Alaskan Native | 1 | $360,000 | $360,000 | $360,000 | $383,000 | $383,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 1,505 | $451,075,000 | $299,000 | $3,250,000 | $126,000 | $4,812,000 |
| 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 | 1,137 | $342,698,000 | $301,000 | $3,250,000 | $123,000 | $2,707,000 |
| Application Denied By Financial Institution | 141 | $43,528,000 | $308,000 | $2,250,000 | $110,000 | $1,182,000 |
| Application Withdrawn By Applicant | 111 | $30,326,000 | $273,000 | $1,100,000 | $158,000 | $3,840,000 |
| Application Approved But Not Accepted | 67 | $22,349,000 | $333,000 | $3,000,000 | $211,000 | $4,812,000 |
| Loan Purchased By The Institution | 25 | $5,330,000 | $213,000 | $285,000 | $0 | $0 |
| File Closed For Incompleteness | 24 | $6,844,000 | $285,000 | $890,000 | $119,000 | $300,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cathay Bank's 2010 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.
For a list of all lenders in California, download the full spreadsheet
with aggregated HMDA statistics today.
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