Citimutual Corporation Mortgage Lending & HMDA Data, 2006
In 2006, Citimutual Corporation of San Bruno, CA reported 346 mortgage applications totaling $105.2 million, down 37% from 2005. The average application was for $303,936, and applicants reported an average income of $132,375. 88% of its applications resulted in an originated loan and 1% were denied. Its largest markets were San Francisco-San Mateo-Redwood City, CA (95), Oakland-Fremont-Hayward, CA (94) and San Jose-Sunnyvale-Santa Clara, CA (42) (applications in parentheses).
| Mortgage Company & Address | Citimutual Corporation 999 Bayhill Drive #101 San Bruno, CA 94066 |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 346 |
| Total Mortgage Loan Application Amount | $105,162,000 |
| Average Mortgage Loan Application Amount | $303,936 |
| Highest Mortgage Loan Application Amount | $1,120,000 |
| Average Applicant Income | $132,375 |
| Highest Applicant Income | $499,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Citimutual Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Citimutual Corporation in 2006
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 | 186 | $54,038,000 | $290,000 | $1,120,000 | $137,000 | $385,000 |
| Refinancing | 160 | $51,124,000 | $319,000 | $832,000 | $127,000 | $499,000 |
| Home Improvement | 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 |
|---|---|---|---|---|---|---|
| Hispanic | 316 | $94,208,000 | $298,000 | $848,000 | $130,000 | $499,000 |
| Asian | 16 | $6,563,000 | $410,000 | $1,120,000 | $181,000 | $368,000 |
| White | 11 | $3,842,000 | $349,000 | $800,000 | $122,000 | $251,000 |
| Not Provided | 2 | $399,000 | $199,000 | $319,000 | $100,000 | $100,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $150,000 | $150,000 | $150,000 | $149,000 | $149,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 346 | $105,162,000 | $303,000 | $1,120,000 | $132,000 | $499,000 |
| 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 | 304 | $91,703,000 | $301,000 | $1,120,000 | $135,000 | $499,000 |
| Application Approved But Not Accepted | 29 | $9,173,000 | $316,000 | $832,000 | $111,000 | $192,000 |
| Application Withdrawn By Applicant | 7 | $2,149,000 | $307,000 | $512,000 | $120,000 | $162,000 |
| Application Denied By Financial Institution | 4 | $1,157,000 | $289,000 | $570,000 | $98,000 | $151,000 |
| File Closed For Incompleteness | 2 | $980,000 | $490,000 | $580,000 | $56,000 | $112,000 |
| 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 | 1 | $51,000 | $51,000 | $51,000 | $151,000 | $151,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Citimutual Corporation's 2006 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 Citimutual Corporation'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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with aggregated HMDA statistics today.
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