Equity 1 Lenders Group Mortgage Lending & HMDA Data, 2004
In 2004, Equity 1 Lenders Group of Escondido, CA reported 4,848 mortgage applications totaling $1.2 billion, up 2% from 2003. The average application was for $249,785, and applicants reported an average income of $84,239. 54% of its applications resulted in an originated loan and 23% were denied. Its largest markets were San Diego-Carlsbad-San Marcos, CA (1,806), Riverside-San Bernardino-Ontario, CA (673) and Los Angeles-Long Beach-Glendale, CA (664) (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 | 4,848 |
| Total Mortgage Loan Application Amount | $1,210,962,000 |
| Average Mortgage Loan Application Amount | $249,785 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $84,239 |
| Highest Applicant Income | $1,380,000 |
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(HMDA) records Equity 1 Lenders Group filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 | 2,570 | $631,475,000 | $173,600 | $998,000 | $85,400 | $1,008,000 |
| Refinancing | 2,278 | $579,487,000 | $161,875 | $1,000,000 | $53,250 | $1,380,000 |
| 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 | 3,136 | $800,179,000 | $182,142 | $1,000,000 | $63,428 | $1,380,000 |
| Hispanic | 1,312 | $312,913,000 | $167,000 | $950,000 | $68,400 | $996,000 |
| Black or African American | 139 | $31,943,000 | $162,000 | $700,000 | $39,666 | $252,000 |
| Not Provided | 118 | $28,602,000 | $193,500 | $765,000 | $81,500 | $388,000 |
| Asian | 100 | $25,959,000 | $254,500 | $664,000 | $79,000 | $354,000 |
| Native Hawaiian or Other Pacific Islander | 30 | $7,464,000 | $225,500 | $622,000 | $99,000 | $244,000 |
| Not applicable | 7 | $1,434,000 | $204,000 | $361,000 | $53,000 | $89,000 |
| American Indian or Alaskan Native | 6 | $2,468,000 | $411,000 | $648,000 | $63,000 | $193,000 |
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) | 4,848 | $1,210,962,000 | $163,375 | $1,000,000 | $55,125 | $1,380,000 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 2,618 | $673,377,000 | $192,714 | $1,000,000 | $71,428 | $1,008,000 |
| Application Denied By Financial Institution | 1,099 | $259,852,000 | $146,500 | $1,000,000 | $64,833 | $1,380,000 |
| Application Approved But Not Accepted | 729 | $183,951,000 | $170,000 | $1,000,000 | $65,750 | $410,000 |
| Application Withdrawn By Applicant | 318 | $74,827,000 | $156,800 | $811,000 | $24,400 | $696,000 |
| File Closed For Incompleteness | 84 | $18,955,000 | $154,250 | $718,000 | $58,750 | $773,000 |
| 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 | 205 | $47,520,000 | $144,200 | $750,000 | $40,200 | $1,380,000 |
| Collateral | 90 | $20,844,000 | $208,250 | $765,000 | $70,250 | $360,000 |
| Credit History | 47 | $11,648,000 | $218,333 | $750,000 | $29,000 | $306,000 |
| Unverifiable Information | 28 | $5,642,000 | $201,000 | $500,000 | $80,000 | $175,000 |
| Employment History | 22 | $5,142,000 | $164,000 | $750,000 | $64,000 | $168,000 |
| Debt-To-Income Ratio | 12 | $3,021,000 | $195,000 | $572,000 | $60,000 | $170,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $525,000 | $131,000 | $300,000 | $64,000 | $90,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Equity 1 Lenders Group'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 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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