Downey Savings and Loan Mortgage Lending & HMDA Data, 2008
In 2008, Downey Savings and Loan of Newport Beach, CA reported 15,657 mortgage applications totaling $7.6 billion. The average application was for $487,520, and applicants reported an average income of $175,540. 33% of its applications resulted in an originated loan and 28% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (3,787), San Jose-Sunnyvale-Santa Clara, CA (1,644) and Riverside-San Bernardino-Ontario, CA (1,620) (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 | 2008 |
| Total Number of Mortgage Applications | 15,657 |
| Total Mortgage Loan Application Amount | $7,633,102,000 |
| Average Mortgage Loan Application Amount | $487,520 |
| Highest Mortgage Loan Application Amount | $13,200,000 |
| Average Applicant Income | $175,540 |
| Highest Applicant Income | $9,000,000 |
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(HMDA) records Downey Savings and Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Los Angeles, California | 3,787 | $ 1,928,367,000 | $ 509,207 | $ 179,000 |
| Santa Clara, California | 1,624 | $ 1,195,558,000 | $ 736,181 | $ 211,000 |
| Orange, California | 1,308 | $ 664,933,000 | $ 508,358 | $ 188,000 |
| San Diego, California | 1,207 | $ 645,028,000 | $ 534,405 | $ 208,000 |
| Riverside, California | 948 | $ 290,256,000 | $ 306,177 | $ 148,000 |
| San Bernardino, California | 672 | $ 161,028,000 | $ 239,625 | $ 105,000 |
| Alameda, California | 627 | $ 354,810,000 | $ 565,885 | $ 180,000 |
| San Mateo, California | 426 | $ 334,000,000 | $ 784,037 | $ 243,000 |
| Contra Costa, California | 356 | $ 219,439,000 | $ 616,401 | $ 247,000 |
| Maricopa, Arizona | 355 | $ 136,391,000 | $ 384,200 | $ 173,000 |
| Mohave, Arizona | 294 | $ 45,860,000 | $ 155,986 | $ 92,000 |
| San Francisco, California | 259 | $ 200,298,000 | $ 773,351 | $ 259,000 |
| Sacramento, California | 254 | $ 56,245,000 | $ 221,437 | $ 137,000 |
| Ventura, California | 223 | $ 109,292,000 | $ 490,098 | $ 160,000 |
| Sonoma, California | 176 | $ 86,039,000 | $ 488,857 | $ 202,000 |
| Kern, California | 160 | $ 31,249,000 | $ 195,306 | $ 110,000 |
| Marin, California | 142 | $ 124,096,000 | $ 873,915 | $ 258,000 |
| San Joaquin, California | 110 | $ 31,180,000 | $ 283,454 | $ 135,000 |
| San Luis Obispo, California | 104 | $ 36,841,000 | $ 354,240 | $ 128,000 |
| Santa Cruz, California | 93 | $ 62,936,000 | $ 676,731 | $ 231,000 |
| Monterey, California | 91 | $ 48,748,000 | $ 535,692 | $ 179,000 |
| Placer, California | 78 | $ 28,066,000 | $ 359,820 | $ 149,000 |
| Santa Barbara, California | 68 | $ 60,350,000 | $ 887,500 | $ 302,000 |
| Solano, California | 68 | $ 28,165,000 | $ 414,191 | $ 148,000 |
| Fresno, California | 53 | $ 11,963,000 | $ 225,716 | $ 171,000 |
| Napa, California | 51 | $ 39,633,000 | $ 777,117 | $ 284,000 |
| Yavapai, Arizona | 45 | $ 12,902,000 | $ 286,711 | $ 208,000 |
| Stanislaus, California | 45 | $ 10,312,000 | $ 229,155 | $ 88,000 |
| El Dorado, California | 43 | $ 21,026,000 | $ 488,976 | $ 295,000 |
| Tulare, California | 37 | $ 8,122,000 | $ 219,513 | $ 140,000 |
| Pima, Arizona | 35 | $ 13,741,000 | $ 392,600 | $ 140,000 |
| Butte, California | 27 | $ 7,021,000 | $ 260,037 | $ 106,000 |
| Pinal, Arizona | 26 | $ 5,975,000 | $ 229,807 | $ 152,000 |
| Shasta, California | 24 | $ 6,822,000 | $ 284,250 | $ 144,000 |
| Nevada, California | 21 | $ 11,564,000 | $ 550,666 | $ 215,000 |
| Mendocino, California | 20 | $ 7,124,000 | $ 356,200 | $ 101,000 |
| San Benito, California | 20 | $ 7,836,000 | $ 391,800 | $ 149,000 |
| Calaveras, California | 18 | $ 6,758,000 | $ 375,444 | $ 156,000 |
| Imperial, California | 18 | $ 3,338,000 | $ 185,444 | $ 125,000 |
| Lake, California | 17 | $ 3,392,000 | $ 199,529 | $ 118,000 |
| Merced, California | 14 | $ 3,179,000 | $ 227,071 | $ 99,000 |
| Yolo, California | 13 | $ 5,923,000 | $ 455,615 | $ 182,000 |
| Tehama, California | 12 | $ 2,000,000 | $ 166,666 | $ 95,000 |
| Madera, California | 11 | $ 2,940,000 | $ 267,272 | $ 146,000 |
| Humboldt, California | 10 | $ 2,984,000 | $ 298,400 | $ 95,000 |
| Tuolumne, California | 9 | $ 2,653,000 | $ 294,777 | $ 92,000 |
| Sutter, California | 8 | $ 2,151,000 | $ 268,875 | $ 124,000 |
| Yuma, Arizona | 7 | $ 966,000 | $ 138,000 | $ 79,000 |
| Mono, California | 7 | $ 5,486,000 | $ 783,714 | $ 287,000 |
| Yuba, California | 6 | $ 1,257,000 | $ 209,500 | $ 97,000 |
| Glenn, California | 5 | $ 927,000 | $ 185,400 | $ 73,000 |
| Kings, California | 5 | $ 860,000 | $ 172,000 | $ 113,000 |
| Coconino, Arizona | 4 | $ 1,875,000 | $ 468,750 | $ 220,000 |
| Navajo, Arizona | 4 | $ 706,000 | $ 176,500 | $ 87,000 |
| Mariposa, California | 4 | $ 1,224,000 | $ 306,000 | $ 101,000 |
| Siskiyou, California | 4 | $ 724,000 | $ 181,000 | $ 90,000 |
| Santa Cruz, Arizona | 3 | $ 501,000 | $ 167,000 | $ 101,000 |
| Del Norte, California | 3 | $ 862,000 | $ 287,333 | $ 78,000 |
| Trinity, California | 3 | $ 847,000 | $ 282,333 | $ 88,000 |
| Cochise, Arizona | 2 | $ 566,000 | $ 283,000 | $ 71,000 |
| La Paz, Arizona | 2 | $ 725,000 | $ 362,500 | $ 180,000 |
| Amador, California | 2 | $ 524,000 | $ 262,000 | $ 74,000 |
| Colusa, California | 2 | $ 371,000 | $ 185,500 | $ 53,000 |
| Modoc, California | 2 | $ 231,000 | $ 115,500 | $ 79,000 |
| Inyo, California | 1 | $ 203,000 | $ 203,000 | $ 33,000 |
| Lassen, California | 1 | $ 310,000 | $ 310,000 | $ 100,000 |
| Garfield, Colorado | 1 | $ 259,000 | $ 259,000 | $ 56,000 |
| Broward, Florida | 1 | $ 90,000 | $ 90,000 | $ 36,000 |
| Cook, Illinois | 1 | $ 216,000 | $ 216,000 | $ 100,000 |
| Essex, Massachusetts | 1 | $ 45,000 | $ 45,000 | $ 50,000 |
| Passaic, New Jersey | 1 | $ 371,000 | $ 371,000 | $ 88,000 |
| Crook, Oregon | 1 | $ 148,000 | $ 148,000 | $ 89,000 |
| Deschutes, Oregon | 1 | $ 191,000 | $ 191,000 | $ 44,000 |
| Josephine, Oregon | 1 | $ 171,000 | $ 171,000 | $ 45,000 |
| Multnomah, Oregon | 1 | $ 150,000 | $ 150,000 | $ 18,000 |
| Utah, Utah | 1 | $ 200,000 | $ 200,000 | $ 344,000 |
| Pierce, Washington | 1 | $ 187,000 | $ 187,000 | $ 79,000 |
Mortgage Loan Application Detail Totals for Downey Savings and Loan 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 | 9,671 | $4,685,732,000 | $484,000 | $13,200,000 | $164,000 | $9,000,000 |
| Home Purchase | 5,791 | $2,870,669,000 | $495,000 | $7,893,000 | $195,000 | $4,906,000 |
| Home Improvement | 195 | $76,701,000 | $393,000 | $2,000,000 | $170,000 | $1,617,000 |
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 | 6,398 | $3,516,737,000 | $549,000 | $3,625,000 | $215,000 | $9,000,000 |
| Not Provided | 4,786 | $1,886,197,000 | $394,000 | $3,000,000 | $147,000 | $4,906,000 |
| Asian | 1,938 | $1,251,376,000 | $645,000 | $8,750,000 | $196,000 | $2,182,000 |
| Hispanic | 1,875 | $628,709,000 | $335,000 | $3,000,000 | $109,000 | $1,088,000 |
| Black or African American | 458 | $170,088,000 | $371,000 | $2,137,000 | $130,000 | $1,720,000 |
| Native Hawaiian or Other Pacific Islander | 116 | $50,469,000 | $435,000 | $2,895,000 | $154,000 | $1,800,000 |
| Not applicable | 58 | $118,733,000 | $2,047,000 | $13,200,000 | $0 | $0 |
| American Indian or Alaskan Native | 28 | $10,793,000 | $385,000 | $2,000,000 | $143,000 | $758,000 |
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) | 15,657 | $7,633,102,000 | $487,000 | $13,200,000 | $176,000 | $9,000,000 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 5,201 | $2,601,073,000 | $500,000 | $13,200,000 | $182,000 | $9,000,000 |
| Application Denied By Financial Institution | 4,343 | $2,277,426,000 | $524,000 | $6,500,000 | $182,000 | $4,561,000 |
| Application Approved But Not Accepted | 4,117 | $1,986,693,000 | $482,000 | $3,000,000 | $181,000 | $3,200,000 |
| Preapproval Approved but not Accepted | 1,151 | $387,277,000 | $336,000 | $2,275,000 | $122,000 | $1,532,000 |
| Preapproval Denied by Financial Institution | 421 | $146,098,000 | $347,000 | $2,175,000 | $120,000 | $772,000 |
| Application Withdrawn By Applicant | 293 | $164,195,000 | $560,000 | $4,648,000 | $158,000 | $3,000,000 |
| File Closed For Incompleteness | 131 | $70,340,000 | $536,000 | $2,700,000 | $257,000 | $2,564,000 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Collateral | 1,649 | $813,209,000 | $493,000 | $3,300,000 | $183,000 | $3,533,000 |
| Debt-To-Income Ratio | 1,225 | $650,797,000 | $531,000 | $3,000,000 | $131,000 | $2,314,000 |
| Credit History | 878 | $397,378,000 | $452,000 | $2,895,000 | $171,000 | $2,627,000 |
| Other | 861 | $498,318,000 | $578,000 | $6,500,000 | $242,000 | $4,561,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 83 | $29,813,000 | $359,000 | $1,677,000 | $116,000 | $576,000 |
| Employment History | 50 | $21,704,000 | $434,000 | $950,000 | $117,000 | $426,000 |
| Unverifiable Information | 17 | $12,193,000 | $717,000 | $1,500,000 | $206,000 | $669,000 |
| Credit Application Incomplete | 1 | $112,000 | $112,000 | $112,000 | $582,000 | $582,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Downey Savings and Loan'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 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.
For a list of all lenders in California, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About