CMG Mortgage, Inc. Mortgage Lending & HMDA Data, 2005
In 2005, CMG Mortgage, Inc. of San Ramon, CA reported 19,560 mortgage applications totaling $5.2 billion, up 22% from 2004. The average application was for $266,235, and applicants reported an average income of $108,840. 58% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Oakland-Fremont-Hayward, CA (2,251), San Diego-Carlsbad-San Marcos, CA (1,973) and Phoenix-Mesa-Scottsdale, AZ (1,332) (applications in parentheses).
| Mortgage Company & Address | CMG Mortgage, Inc. 3160 Crow Canyon Road, Suite 400 San Ramon, CA 94583 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 19,560 |
| Total Mortgage Loan Application Amount | $5,207,570,000 |
| Average Mortgage Loan Application Amount | $266,235 |
| Highest Mortgage Loan Application Amount | $4,000,000 |
| Average Applicant Income | $108,840 |
| Highest Applicant Income | $5,438,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records CMG Mortgage, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for CMG Mortgage, Inc. in 2005
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 | 11,122 | $3,230,494,000 | $168,944 | $2,480,000 | $82,861 | $2,688,000 |
| Home Purchase | 8,437 | $1,977,043,000 | $134,950 | $4,000,000 | $100,450 | $5,438,000 |
| Home Improvement | 1 | $33,000 | $33,000 | $33,000 | $58,000 | $58,000 |
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 | 11,399 | $2,981,326,000 | $147,950 | $4,000,000 | $93,150 | $5,438,000 |
| Not Provided | 3,395 | $967,290,000 | $161,971 | $2,035,000 | $91,600 | $2,024,000 |
| Hispanic | 2,003 | $484,411,000 | $142,500 | $1,000,000 | $84,291 | $1,623,000 |
| Asian | 1,914 | $578,386,000 | $193,727 | $1,705,000 | $107,227 | $2,160,000 |
| Black or African American | 644 | $141,475,000 | $130,952 | $1,354,000 | $83,285 | $2,500,000 |
| Native Hawaiian or Other Pacific Islander | 138 | $38,031,000 | $207,600 | $1,256,000 | $132,500 | $421,000 |
| American Indian or Alaskan Native | 67 | $16,651,000 | $216,818 | $1,452,000 | $74,090 | $408,000 |
| Not applicable | 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) | 19,528 | $5,203,051,000 | $147,534 | $4,000,000 | $93,302 | $5,438,000 |
| FHA-insured (Federal Housing Administration) | 24 | $3,319,000 | $102,750 | $224,000 | $32,750 | $92,000 |
| VA-guaranteed (Veterans Administration) | 7 | $1,125,000 | $130,000 | $262,000 | $33,500 | $108,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $75,000 | $75,000 | $75,000 | $50,000 | $50,000 |
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 | 11,421 | $3,068,480,000 | $156,166 | $2,080,000 | $95,888 | $2,688,000 |
| Application Approved But Not Accepted | 3,507 | $1,023,386,000 | $155,968 | $3,000,000 | $95,093 | $2,024,000 |
| Application Denied By Financial Institution | 2,063 | $496,056,000 | $149,941 | $4,000,000 | $91,470 | $2,800,000 |
| File Closed For Incompleteness | 1,417 | $388,488,000 | $149,083 | $2,035,000 | $92,722 | $5,438,000 |
| Application Withdrawn By Applicant | 1,053 | $207,999,000 | $143,379 | $2,800,000 | $87,689 | $976,000 |
| Loan Purchased By The Institution | 96 | $22,946,000 | $173,384 | $750,000 | $82,615 | $187,000 |
| Preapproval Denied by Financial Institution | 3 | $215,000 | $85,000 | $126,000 | $310,000 | $531,000 |
| Preapproval Approved but not Accepted | 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 |
|---|---|---|---|---|---|---|
| Credit History | 883 | $215,761,000 | $165,266 | $2,000,000 | $100,133 | $1,770,000 |
| Other | 530 | $120,065,000 | $151,000 | $1,862,000 | $105,038 | $1,200,000 |
| Debt-To-Income Ratio | 343 | $85,073,000 | $152,833 | $2,300,000 | $77,111 | $630,000 |
| Collateral | 154 | $37,954,000 | $188,045 | $2,000,000 | $114,636 | $744,000 |
| Employment History | 55 | $11,321,000 | $167,100 | $594,000 | $89,900 | $270,000 |
| Unverifiable Information | 38 | $13,288,000 | $227,111 | $4,000,000 | $132,888 | $2,800,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 33 | $6,102,000 | $119,500 | $544,000 | $59,500 | $252,000 |
| Credit Application Incomplete | 17 | $5,434,000 | $414,000 | $600,000 | $226,250 | $1,260,000 |
| Mortgage Insurance Denied | 1 | $219,000 | $219,000 | $219,000 | $82,000 | $82,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into CMG Mortgage, Inc.'s 2005 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 CMG Mortgage, 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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