Downey Savings and Loan Mortgage Lending & HMDA Data, 2007
In 2007, Downey Savings and Loan of Newport Beach, CA reported 27,630 mortgage applications totaling $11.4 billion, down 41% from 2006. The average application was for $411,224, and applicants reported an average income of $147,352. 35% of its applications resulted in an originated loan and 37% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (6,440), Riverside-San Bernardino-Ontario, CA (3,536) and San Diego-Carlsbad-San Marcos, CA (2,160) (applications in parentheses).
| Mortgage Company & Address | Downey Savings and Loan 3501 Jamboree Road Newport Beach, CA 92660 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 27,630 |
| Total Mortgage Loan Application Amount | $11,362,136,000 |
| Average Mortgage Loan Application Amount | $411,224 |
| Highest Mortgage Loan Application Amount | $5,000,000 |
| Average Applicant Income | $147,352 |
| Highest Applicant Income | $4,380,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Downey Savings and Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Los Angeles-Long Beach-Glendale, CA | 6,440 | $ 2,740,597,000 | $ 425,558 | $ 145,000 |
| Riverside-San Bernardino-Ontario, CA | 3,536 | $ 1,105,057,000 | $ 312,516 | $ 118,000 |
| San Diego-Carlsbad-San Marcos, CA | 2,160 | $ 977,213,000 | $ 452,413 | $ 160,000 |
| Santa Ana-Anaheim-Irvine, CA | 2,045 | $ 941,886,000 | $ 460,579 | $ 159,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1,883 | $ 1,098,583,000 | $ 583,421 | $ 198,000 |
| Oakland-Fremont-Hayward, CA | 1,803 | $ 902,183,000 | $ 500,378 | $ 169,000 |
| Phoenix-Mesa-Scottsdale, AZ | 1,225 | $ 373,205,000 | $ 304,657 | $ 129,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 966 | $ 333,205,000 | $ 344,932 | $ 133,000 |
| San Francisco-San Mateo-Redwood City, CA | 880 | $ 574,733,000 | $ 653,105 | $ 223,000 |
| Lake Havasu City-Kingman, AZ | 526 | $ 92,677,000 | $ 176,192 | $ 97,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 472 | $ 229,960,000 | $ 487,203 | $ 159,000 |
| Bakersfield, CA | 336 | $ 75,881,000 | $ 225,836 | $ 119,000 |
| Santa Rosa-Petaluma, CA | 331 | $ 155,601,000 | $ 470,093 | $ 165,000 |
| Stockton, CA | 321 | $ 115,961,000 | $ 361,249 | $ 134,000 |
| New York-White Plains-Wayne, NY-NJ | 295 | $ 130,115,000 | $ 441,067 | $ 171,186 |
| Chicago-Naperville-Joliet, IL | 289 | $ 87,149,000 | $ 301,553 | $ 128,000 |
| Vallejo-Fairfield, CA | 282 | $ 114,924,000 | $ 407,531 | $ 134,000 |
| Salinas, CA | 245 | $ 122,069,000 | $ 498,240 | $ 169,000 |
| Las Vegas-Paradise, NV | 202 | $ 64,094,000 | $ 317,297 | $ 137,000 |
| Modesto, CA | 188 | $ 61,293,000 | $ 326,026 | $ 122,000 |
| Fresno, CA | 172 | $ 43,271,000 | $ 251,575 | $ 110,000 |
| Santa Cruz-Watsonville, CA | 167 | $ 108,981,000 | $ 652,580 | $ 205,000 |
| San Luis Obispo-Paso Robles, CA | 152 | $ 60,335,000 | $ 396,940 | $ 151,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 119 | $ 67,153,000 | $ 564,310 | $ 196,000 |
| Seattle-Bellevue-Everett, WA | 102 | $ 40,049,000 | $ 392,637 | $ 142,000 |
| Visalia-Porterville, CA | 97 | $ 22,140,000 | $ 228,247 | $ 96,000 |
| Portland-Vancouver-Beaverton, OR-WA | 96 | $ 26,723,000 | $ 278,364 | $ 96,708 |
| Prescott, AZ | 93 | $ 23,783,000 | $ 255,731 | $ 101,000 |
| Tucson, AZ | 91 | $ 21,222,000 | $ 233,208 | $ 120,000 |
| Merced, CA | 88 | $ 23,900,000 | $ 271,590 | $ 103,000 |
| Napa, CA | 72 | $ 40,128,000 | $ 557,333 | $ 175,000 |
| Nassau-Suffolk, NY | 58 | $ 25,470,000 | $ 439,137 | $ 153,000 |
| Newark-Union, NJ-PA | 58 | $ 19,432,000 | $ 335,034 | $ 131,000 |
| Honolulu, HI | 57 | $ 23,769,000 | $ 417,000 | $ 135,000 |
| Boston-Quincy, MA | 52 | $ 18,902,000 | $ 363,500 | $ 180,000 |
| Providence-New Bedford-Fall River, RI-MA | 51 | $ 15,239,000 | $ 298,803 | $ 110,058 |
| Yuba City, CA | 50 | $ 13,452,000 | $ 269,040 | $ 107,000 |
| Edison, NJ | 49 | $ 15,672,000 | $ 319,836 | $ 176,000 |
| Madera, CA | 49 | $ 14,448,000 | $ 294,857 | $ 126,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 46 | $ 11,194,000 | $ 243,347 | $ 92,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 44 | $ 18,703,000 | $ 425,068 | $ 150,000 |
| El Centro, CA | 42 | $ 8,918,000 | $ 212,333 | $ 91,000 |
| Chico, CA | 41 | $ 10,787,000 | $ 263,097 | $ 111,000 |
| Miami-Miami Beach-Kendall, FL | 37 | $ 13,476,000 | $ 364,216 | $ 156,000 |
| Tampa-St. Petersburg-Clearwater, FL | 36 | $ 9,032,000 | $ 250,888 | $ 116,000 |
| Denver-Aurora, CO | 35 | $ 9,983,000 | $ 285,228 | $ 148,000 |
| Orlando-Kissimmee, FL | 34 | $ 8,377,000 | $ 246,382 | $ 102,000 |
| Hanford-Corcoran, CA | 32 | $ 6,502,000 | $ 203,187 | $ 94,000 |
| Redding, CA | 31 | $ 7,673,000 | $ 247,516 | $ 88,000 |
| Cambridge-Newton-Framingham, MA | 27 | $ 11,017,000 | $ 408,037 | $ 121,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 25 | $ 8,310,000 | $ 332,400 | $ 157,000 |
| Reno-Sparks, NV | 24 | $ 7,386,000 | $ 307,750 | $ 142,000 |
| Tacoma, WA | 24 | $ 6,873,000 | $ 286,375 | $ 97,000 |
| Cape Coral-Fort Myers, FL | 19 | $ 7,146,000 | $ 376,105 | $ 176,000 |
| Sarasota-Bradenton-Venice, FL | 19 | $ 7,093,000 | $ 373,315 | $ 172,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 19 | $ 3,999,000 | $ 210,473 | $ 79,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 18 | $ 3,817,000 | $ 212,055 | $ 82,000 |
| Bremerton-Silverdale, WA | 17 | $ 7,091,000 | $ 417,117 | $ 162,000 |
| Bridgeport-Stamford-Norwalk, CT | 17 | $ 9,026,000 | $ 530,941 | $ 194,000 |
| Peabody, MA | 17 | $ 5,425,000 | $ 319,117 | $ 95,000 |
| Flagstaff, AZ | 16 | $ 4,474,000 | $ 279,625 | $ 120,000 |
| Lake County-Kenosha County, IL-WI | 14 | $ 4,061,000 | $ 290,071 | $ 110,000 |
| St. Louis, MO-IL | 14 | $ 2,289,000 | $ 163,500 | $ 59,285 |
| Yuma, AZ | 14 | $ 2,292,000 | $ 163,714 | $ 87,000 |
| Hartford-West Hartford-East Hartford, CT | 12 | $ 2,224,000 | $ 185,333 | $ 77,000 |
| Eugene-Springfield, OR | 11 | $ 3,587,000 | $ 326,090 | $ 181,000 |
| Naples-Marco Island, FL | 11 | $ 4,865,000 | $ 442,272 | $ 152,000 |
| Olympia, WA | 11 | $ 2,464,000 | $ 224,000 | $ 146,000 |
| Philadelphia, PA | 11 | $ 3,389,000 | $ 308,090 | $ 106,000 |
| Jacksonville, FL | 10 | $ 2,889,000 | $ 288,900 | $ 124,000 |
| Bend, OR | 9 | $ 3,265,000 | $ 362,777 | $ 136,000 |
| Camden, NJ | 9 | $ 2,847,000 | $ 316,333 | $ 154,000 |
| Lakeland, FL | 9 | $ 1,608,000 | $ 178,666 | $ 102,000 |
| Spokane, WA | 9 | $ 2,753,000 | $ 305,888 | $ 103,000 |
| Worcester, MA | 9 | $ 3,485,000 | $ 387,222 | $ 112,000 |
| Colorado Springs, CO | 8 | $ 2,649,000 | $ 331,125 | $ 160,000 |
| Longview, WA | 8 | $ 928,000 | $ 116,000 | $ 231,000 |
| New Haven-Milford, CT | 8 | $ 2,387,000 | $ 298,375 | $ 150,000 |
| Palm Bay-Melbourne-Titusville, FL | 8 | $ 1,711,000 | $ 213,875 | $ 77,000 |
| Pensacola-Ferry Pass-Brent, FL | 8 | $ 1,699,000 | $ 212,375 | $ 126,000 |
| Port St. Lucie, FL | 8 | $ 2,257,000 | $ 282,125 | $ 128,000 |
| Wenatchee, WA | 8 | $ 2,124,000 | $ 265,500 | $ 94,000 |
| Yakima, WA | 8 | $ 1,741,000 | $ 217,625 | $ 121,000 |
| Bellingham, WA | 7 | $ 1,954,000 | $ 279,142 | $ 84,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 7 | $ 1,240,000 | $ 177,142 | $ 72,000 |
| Indianapolis-Carmel, IN | 7 | $ 1,060,000 | $ 151,428 | $ 98,000 |
| Richmond, VA | 7 | $ 1,748,000 | $ 249,714 | $ 92,000 |
| Salem, OR | 7 | $ 1,741,000 | $ 248,714 | $ 90,000 |
| Atlantic City, NJ | 6 | $ 1,751,000 | $ 291,833 | $ 117,000 |
| Fort Collins-Loveland, CO | 6 | $ 1,587,000 | $ 264,500 | $ 101,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 5 | $ 1,129,000 | $ 225,800 | $ 147,200 |
| Barnstable Town, MA | 5 | $ 2,253,000 | $ 450,600 | $ 169,000 |
| Norwich-New London, CT | 5 | $ 1,001,000 | $ 200,200 | $ 74,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 5 | $ 1,810,000 | $ 362,000 | $ 140,000 |
| Punta Gorda, FL | 5 | $ 938,000 | $ 187,600 | $ 69,000 |
| Bloomington-Normal, IL | 4 | $ 657,000 | $ 164,250 | $ 127,000 |
| Buffalo-Niagara Falls, NY | 4 | $ 121,000 | $ 30,250 | $ 78,000 |
| Gainesville, FL | 4 | $ 718,000 | $ 179,500 | $ 89,000 |
| Grand Junction, CO | 4 | $ 1,470,000 | $ 367,500 | $ 117,000 |
| Kansas City, MO-KS | 4 | $ 1,022,000 | $ 255,500 | $ 101,000 |
| Medford, OR | 4 | $ 1,057,000 | $ 264,250 | $ 95,000 |
| Ocala, FL | 4 | $ 476,000 | $ 119,000 | $ 49,000 |
| Springfield, MA | 4 | $ 1,245,000 | $ 311,250 | $ 150,000 |
| Trenton-Ewing, NJ | 4 | $ 872,000 | $ 218,000 | $ 108,000 |
| Boulder, CO | 3 | $ 884,000 | $ 294,666 | $ 194,000 |
| Kennewick-Richland-Pasco, WA | 3 | $ 461,000 | $ 153,666 | $ 77,000 |
| Pittsfield, MA | 3 | $ 754,000 | $ 251,333 | $ 65,000 |
| Rockford, IL | 3 | $ 885,000 | $ 295,000 | $ 100,000 |
| Vineland-Millville-Bridgeton, NJ | 3 | $ 434,000 | $ 144,666 | $ 60,000 |
| Cleveland-Elyria-Mentor, OH | 2 | $ 359,000 | $ 179,500 | $ 102,000 |
| Corvallis, OR | 2 | $ 449,000 | $ 224,500 | $ 76,000 |
| Greeley, CO | 2 | $ 331,000 | $ 165,500 | $ 46,000 |
| Houston-Sugar Land-Baytown, TX | 2 | $ 185,000 | $ 92,500 | $ 119,000 |
| Kingston, NY | 2 | $ 500,000 | $ 250,000 | $ 97,000 |
| Palm Coast, FL | 2 | $ 621,000 | $ 310,500 | $ 198,000 |
| Reading, PA | 2 | $ 833,000 | $ 416,500 | $ 321,000 |
| Roanoke, VA | 2 | $ 175,000 | $ 87,500 | $ 45,000 |
| Springfield, MO | 2 | $ 416,000 | $ 208,000 | $ 135,000 |
| Albany-Schenectady-Troy, NY | 1 | $ 108,000 | $ 108,000 | $ 48,000 |
| Ann Arbor, MI | 1 | $ 145,000 | $ 145,000 | $ 96,000 |
| Carson City, NV | 1 | $ 200,000 | $ 200,000 | $ 152,000 |
| Columbia, MO | 1 | $ 200,000 | $ 200,000 | $ 74,000 |
| Duluth, MN-WI | 1 | $ 185,000 | $ 185,000 | $ 54,000 |
| Erie, PA | 1 | $ 195,000 | $ 195,000 | $ 156,000 |
| Fort Walton Beach-Crestview-Destin, FL | 1 | $ 108,000 | $ 108,000 | $ 46,000 |
| Fort Wayne, IN | 1 | $ 76,000 | $ 76,000 | $ 102,000 |
| Gary, IN | 1 | $ 229,000 | $ 229,000 | $ 72,000 |
| Kingsport-Bristol-Bristol, TN-VA | 1 | $ 130,000 | $ 130,000 | $ 36,000 |
| Lafayette, IN | 1 | $ 135,000 | $ 135,000 | $ 47,000 |
| Lewiston, ID-WA | 1 | $ 125,000 | $ 125,000 | $ 56,000 |
| Mount Vernon-Anacortes, WA | 1 | $ 417,000 | $ 417,000 | $ 135,000 |
| Ocean City, NJ | 1 | $ 522,000 | $ 522,000 | $ 244,000 |
| Ogden-Clearfield, UT | 1 | $ 411,000 | $ 411,000 | $ 230,000 |
| Panama City-Lynn Haven, FL | 1 | $ 244,000 | $ 244,000 | $ 83,000 |
| Rochester, NY | 1 | $ 85,000 | $ 85,000 | $ 132,000 |
| Sebastian-Vero Beach, FL | 1 | $ 515,000 | $ 515,000 | $ 540,000 |
| Tallahassee, FL | 1 | $ 108,000 | $ 108,000 | $ 150,000 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 404,000 | $ 404,000 | $ 110,000 |
| York-Hanover, PA | 1 | $ 142,000 | $ 142,000 | $ 70,000 |
Mortgage Loan Application Detail Totals for Downey Savings and Loan in 2007
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 | 23,797 | $9,743,702,000 | $409,000 | $5,000,000 | $144,000 | $3,174,000 |
| Home Purchase | 3,238 | $1,384,620,000 | $427,000 | $3,000,000 | $175,000 | $4,380,000 |
| Home Improvement | 595 | $233,814,000 | $392,000 | $2,600,000 | $131,000 | $774,000 |
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 | 9,165 | $3,962,708,000 | $432,000 | $5,000,000 | $164,000 | $4,380,000 |
| Not Provided | 8,810 | $3,413,160,000 | $387,000 | $3,000,000 | $139,000 | $3,174,000 |
| Hispanic | 5,468 | $2,023,236,000 | $370,000 | $3,000,000 | $122,000 | $1,534,000 |
| Asian | 2,467 | $1,285,252,000 | $520,000 | $3,500,000 | $183,000 | $2,400,000 |
| Black or African American | 1,324 | $506,678,000 | $382,000 | $1,734,000 | $133,000 | $2,580,000 |
| Native Hawaiian or Other Pacific Islander | 323 | $144,117,000 | $446,000 | $1,500,000 | $153,000 | $585,000 |
| American Indian or Alaskan Native | 72 | $26,435,000 | $367,000 | $1,020,000 | $139,000 | $506,000 |
| Not applicable | 1 | $550,000 | $550,000 | $550,000 | $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) | 27,630 | $11,362,136,000 | $411,000 | $5,000,000 | $147,000 | $4,380,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 10,092 | $4,471,684,000 | $443,000 | $5,000,000 | $155,000 | $3,029,000 |
| Loan Originated | 9,716 | $3,700,364,000 | $380,000 | $3,000,000 | $140,000 | $3,174,000 |
| Application Approved But Not Accepted | 6,765 | $2,719,692,000 | $402,000 | $3,000,000 | $144,000 | $3,000,000 |
| File Closed For Incompleteness | 565 | $263,741,000 | $466,000 | $2,600,000 | $193,000 | $4,380,000 |
| Application Withdrawn By Applicant | 492 | $206,655,000 | $420,000 | $1,950,000 | $143,000 | $1,226,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 3,536 | $1,419,776,000 | $401,000 | $3,500,000 | $138,000 | $2,400,000 |
| Collateral | 3,172 | $1,449,372,000 | $456,000 | $3,000,000 | $167,000 | $3,029,000 |
| Other | 1,596 | $812,913,000 | $509,000 | $3,900,000 | $204,000 | $2,580,000 |
| Debt-To-Income Ratio | 1,562 | $698,089,000 | $446,000 | $5,000,000 | $122,000 | $1,245,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 95 | $33,526,000 | $352,000 | $875,000 | $119,000 | $420,000 |
| Employment History | 90 | $39,206,000 | $435,000 | $1,729,000 | $145,000 | $716,000 |
| Unverifiable Information | 39 | $17,821,000 | $456,000 | $1,125,000 | $153,000 | $369,000 |
| Mortgage Insurance Denied | 1 | $417,000 | $417,000 | $417,000 | $136,000 | $136,000 |
| Credit Application Incomplete | 1 | $564,000 | $564,000 | $564,000 | $228,000 | $228,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Downey Savings and Loan's 2007 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 Downey Savings and Loan'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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