Equity 1 Lenders Group Mortgage Lending & HMDA Data, 2007
In 2007, Equity 1 Lenders Group of Escondido, CA reported 1,427 mortgage applications totaling $352.9 million, down 55% from 2006. The average application was for $247,327, and applicants reported an average income of $102,861. 53% of its applications resulted in an originated loan and 19% were denied. Its largest markets were San Diego-Carlsbad-San Marcos, CA (182), Riverside-San Bernardino-Ontario, CA (141) and Phoenix-Mesa-Scottsdale, AZ (134) (applications in parentheses).
| Mortgage Company & Address | Equity 1 Lenders Group 765 N. Escondido Blvd Escondido, CA 92025 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,427 |
| Total Mortgage Loan Application Amount | $352,937,000 |
| Average Mortgage Loan Application Amount | $247,327 |
| Highest Mortgage Loan Application Amount | $1,470,000 |
| Average Applicant Income | $102,861 |
| Highest Applicant Income | $900,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Equity 1 Lenders Group filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Equity 1 Lenders Group 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 | 1,344 | $332,694,000 | $247,000 | $1,470,000 | $101,000 | $900,000 |
| Home Purchase | 83 | $20,243,000 | $243,000 | $1,252,000 | $133,000 | $512,000 |
| 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 | 1,081 | $260,875,000 | $241,000 | $1,470,000 | $100,000 | $865,000 |
| Hispanic | 207 | $56,035,000 | $270,000 | $1,252,000 | $113,000 | $512,000 |
| Not Provided | 76 | $18,964,000 | $249,000 | $760,000 | $100,000 | $900,000 |
| Asian | 35 | $9,342,000 | $266,000 | $713,000 | $115,000 | $312,000 |
| Black or African American | 18 | $4,634,000 | $257,000 | $484,000 | $112,000 | $225,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $1,925,000 | $385,000 | $528,000 | $135,000 | $387,000 |
| American Indian or Alaskan Native | 5 | $1,162,000 | $232,000 | $386,000 | $104,000 | $155,000 |
| 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) | 1,427 | $352,937,000 | $247,000 | $1,470,000 | $103,000 | $900,000 |
| 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 | 760 | $188,796,000 | $248,000 | $1,267,000 | $98,000 | $865,000 |
| Application Denied By Financial Institution | 265 | $62,859,000 | $237,000 | $1,470,000 | $103,000 | $512,000 |
| Application Approved But Not Accepted | 188 | $43,738,000 | $232,000 | $816,000 | $104,000 | $552,000 |
| Application Withdrawn By Applicant | 145 | $39,795,000 | $274,000 | $900,000 | $119,000 | $900,000 |
| File Closed For Incompleteness | 69 | $17,749,000 | $257,000 | $750,000 | $107,000 | $325,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 105 | $23,675,000 | $225,000 | $750,000 | $84,000 | $230,000 |
| Collateral | 87 | $20,547,000 | $236,000 | $1,470,000 | $98,000 | $420,000 |
| Employment History | 14 | $2,735,000 | $195,000 | $417,000 | $111,000 | $472,000 |
| Debt-To-Income Ratio | 2 | $477,000 | $238,000 | $417,000 | $62,000 | $65,000 |
| Credit History | 1 | $227,000 | $227,000 | $227,000 | $43,000 | $43,000 |
| Credit Application Incomplete | 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 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Equity 1 Lenders Group'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 Equity 1 Lenders Group'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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