Countrywide Real Estate Fin Mortgage Lending & HMDA Data, 2008

In 2008, Countrywide Real Estate Fin of Calabasas, CA reported 23 mortgage applications totaling $166.4 million, down 96% from 2007. The average application was for $7,235,217, and applicants reported an average income of $0. 48% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Oakland-Fremont-Hayward, CA (4), Seattle-Bellevue-Everett, WA (3) and Houston-Sugar Land-Baytown, TX (2) (applications in parentheses).

Mortgage Company & Address Countrywide Real Estate Fin
4500 Park Granada Ms Ch-143
Calabasas, CA 91302
Tel #: available with data download
Federal Regulator * available with data download
Years 2008  2007  2006  2005  
Total Number of Mortgage Applications 23
Total Mortgage Loan Application Amount $166,410,000
Average Mortgage Loan Application Amount $7,235,217
Highest Mortgage Loan Application Amount $25,000,000
Average Applicant Income $0
Highest Applicant Income $0

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Countrywide Real Estate Fin filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Countrywide Real Estate Fin by Metropolitan Area in 2008

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Oakland-Fremont-Hayward, CA 4 $ 15,540,000 $ 3,885,000 $ 0
Seattle-Bellevue-Everett, WA 3 $ 7,779,000 $ 2,593,000 $ 0
Houston-Sugar Land-Baytown, TX 2 $ 20,600,000 $ 10,300,000 $ 0
Los Angeles-Long Beach-Glendale, CA 2 $ 16,761,000 $ 8,380,500 $ 0
New York-White Plains-Wayne, NY-NJ 2 $ 4,800,000 $ 2,400,000 $ 0
Atlanta-Sandy Springs-Marietta, GA 1 $ 17,250,000 $ 17,250,000 $ 0
Denver-Aurora, CO 1 $ 4,750,000 $ 4,750,000 $ 0
Gulfport-Biloxi, MS 1 $ 6,200,000 $ 6,200,000 $ 0
Palm Bay-Melbourne-Titusville, FL 1 $ 13,200,000 $ 13,200,000 $ 0
San Antonio, TX 1 $ 25,000,000 $ 25,000,000 $ 0
San Diego-Carlsbad-San Marcos, CA 1 $ 1,480,000 $ 1,480,000 $ 0
Santa Ana-Anaheim-Irvine, CA 1 $ 4,650,000 $ 4,650,000 $ 0
Tulsa, OK 1 $ 5,600,000 $ 5,600,000 $ 0
Tuscaloosa, AL 1 $ 12,000,000 $ 12,000,000 $ 0

Mortgage Loan Application Detail Totals for Countrywide Real Estate Fin 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
Refinancing 18 $97,560,000 $5,420,000 $14,761,000 $0 $0
Home Purchase 5 $68,850,000 $13,770,000 $25,000,000 $0 $0
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
Not applicable 23 $166,410,000 $7,235,000 $25,000,000 $0 $0
Not Provided 0 $0 $0 $0 $0 $0
White 0 $0 $0 $0 $0 $0
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
Asian 0 $0 $0 $0 $0 $0
Black or African American 0 $0 $0 $0 $0 $0
Hispanic 0 $0 $0 $0 $0 $0
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) 23 $166,410,000 $7,235,000 $25,000,000 $0 $0
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 11 $70,670,000 $6,424,000 $17,250,000 $0 $0
Application Withdrawn By Applicant 9 $66,940,000 $7,437,000 $25,000,000 $0 $0
Application Denied By Financial Institution 3 $28,800,000 $9,600,000 $13,200,000 $0 $0
Application Approved But Not Accepted 0 $0 $0 $0 $0 $0
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
Other 3 $28,800,000 $9,600,000 $13,200,000 $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
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

Our comprehensive HMDA mortgage statistics provide invaluable insights into Countrywide Real Estate Fin'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 Countrywide Real Estate Fin'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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