Directors Residential Lending, Mortgage Lending & HMDA Data, 2004
In 2004, Directors Residential Lending, of Victorville, CA reported 145 mortgage applications totaling $28.0 million. The average application was for $193,268, and applicants reported an average income of $68,227. 1% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Riverside-San Bernardino-Ontario, CA (132), Los Angeles-Long Beach-Glendale, CA (10) and Santa Ana-Anaheim-Irvine, CA (2) (applications in parentheses).
| Mortgage Company & Address | Directors Residential Lending, 13024 Hesperia Road Suite 103 Victorville, CA 92395 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2005 2004 |
| Total Number of Mortgage Applications | 145 |
| Total Mortgage Loan Application Amount | $28,024,000 |
| Average Mortgage Loan Application Amount | $193,268 |
| Highest Mortgage Loan Application Amount | $520,000 |
| Average Applicant Income | $68,227 |
| Highest Applicant Income | $250,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Directors Residential Lending, filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Directors Residential Lending, in 2004
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 | 89 | $16,868,000 | $189,000 | $424,000 | $69,000 | $250,000 |
| Refinancing | 56 | $11,156,000 | $199,000 | $520,000 | $67,000 | $174,000 |
| 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 | 73 | $14,082,000 | $192,000 | $424,000 | $63,000 | $250,000 |
| Hispanic | 42 | $8,231,000 | $195,000 | $500,000 | $66,000 | $134,000 |
| Not Provided | 16 | $2,727,000 | $170,000 | $395,000 | $63,000 | $216,000 |
| Black or African American | 9 | $1,973,000 | $219,000 | $520,000 | $76,000 | $136,000 |
| Asian | 4 | $835,000 | $208,000 | $252,000 | $78,000 | $144,000 |
| Not applicable | 1 | $176,000 | $176,000 | $176,000 | $122,000 | $122,000 |
| American Indian or Alaskan Native | 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) | 127 | $25,470,000 | $200,000 | $520,000 | $71,000 | $250,000 |
| FHA-insured (Federal Housing Administration) | 15 | $2,138,000 | $142,000 | $192,000 | $58,000 | $81,000 |
| VA-guaranteed (Veterans Administration) | 3 | $416,000 | $138,000 | $208,000 | $55,000 | $71,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 125 | $24,192,000 | $193,000 | $500,000 | $67,000 | $250,000 |
| Application Approved But Not Accepted | 16 | $3,070,000 | $191,000 | $520,000 | $77,000 | $136,000 |
| Application Denied By Financial Institution | 3 | $574,000 | $191,000 | $256,000 | $59,000 | $71,000 |
| Loan Originated | 1 | $188,000 | $188,000 | $188,000 | $43,000 | $43,000 |
| 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 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Unverifiable Information | 2 | $318,000 | $159,000 | $170,000 | $53,000 | $64,000 |
| Credit History | 1 | $256,000 | $256,000 | $256,000 | $71,000 | $71,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Directors Residential Lending,'s 2004 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 Directors Residential Lending,'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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