Community Mortgage Funding, LLC Mortgage Lending & HMDA Data, 2008

In 2008, Community Mortgage Funding, LLC of Pomona, CA reported 859 mortgage applications totaling $261.1 million, down 6% from 2007. The average application was for $304,011, and applicants reported an average income of $101,514. 30% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (370), Riverside-San Bernardino-Ontario, CA (144) and San Diego-Carlsbad-San Marcos, CA (66) (applications in parentheses).

Mortgage Company & Address Community Mortgage Funding, LLC
3201 West Temple Ave, Suite 120
Pomona, CA 91768
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 859
Total Mortgage Loan Application Amount $261,146,000
Average Mortgage Loan Application Amount $304,011
Highest Mortgage Loan Application Amount $1,200,000
Average Applicant Income $101,514
Highest Applicant Income $1,028,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Community Mortgage Funding, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Community Mortgage Funding, LLC 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
Home Purchase 442 $134,732,000 $304,000 $1,200,000 $102,000 $575,000
Refinancing 417 $126,414,000 $303,000 $1,125,000 $101,000 $1,028,000
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
White 267 $82,015,000 $307,000 $1,200,000 $109,000 $1,028,000
Not Provided 258 $76,526,000 $296,000 $1,100,000 $108,000 $302,000
Hispanic 232 $69,027,000 $297,000 $1,125,000 $84,000 $316,000
Black or African American 51 $16,068,000 $315,000 $890,000 $99,000 $330,000
Asian 29 $10,477,000 $361,000 $900,000 $117,000 $299,000
Native Hawaiian or Other Pacific Islander 14 $5,455,000 $389,000 $648,000 $107,000 $245,000
American Indian or Alaskan Native 8 $1,578,000 $197,000 $561,000 $89,000 $242,000
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) 856 $260,647,000 $304,000 $1,200,000 $101,000 $1,028,000
FHA-insured (Federal Housing Administration) 3 $499,000 $166,000 $197,000 $61,000 $79,000
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 256 $71,144,000 $277,000 $1,060,000 $100,000 $420,000
Application Withdrawn By Applicant 251 $79,849,000 $318,000 $1,040,000 $102,000 $420,000
Application Approved But Not Accepted 221 $67,063,000 $303,000 $1,200,000 $104,000 $1,028,000
Application Denied By Financial Institution 131 $43,090,000 $328,000 $950,000 $98,000 $316,000
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
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
Credit History 34 $10,978,000 $322,000 $900,000 $104,000 $316,000
Debt-To-Income Ratio 19 $7,204,000 $379,000 $950,000 $86,000 $261,000
Collateral 8 $2,607,000 $325,000 $505,000 $99,000 $134,000
Other 8 $2,576,000 $322,000 $549,000 $107,000 $166,000
Insufficient Cash (Downpayment, Closing Cost) 4 $1,550,000 $387,000 $680,000 $141,000 $295,000
Credit Application Incomplete 2 $625,000 $312,000 $400,000 $82,000 $120,000
Employment History 1 $190,000 $190,000 $190,000 $40,000 $40,000
Mortgage Insurance Denied 1 $225,000 $225,000 $225,000 $43,000 $43,000
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Community Mortgage Funding, LLC'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 Community Mortgage Funding, LLC'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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