Equity 1 Lenders Group Mortgage Lending & HMDA Data, 2005
In 2005, Equity 1 Lenders Group of Escondido, CA reported 6,120 mortgage applications totaling $1.6 billion, up 26% from 2004. The average application was for $268,103, and applicants reported an average income of $121,310. 47% of its applications resulted in an originated loan and 25% were denied. Its largest markets were San Diego-Carlsbad-San Marcos, CA (1,554), Riverside-San Bernardino-Ontario, CA (928) and Los Angeles-Long Beach-Glendale, CA (725) (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 | 6,120 |
| Total Mortgage Loan Application Amount | $1,640,792,000 |
| Average Mortgage Loan Application Amount | $268,103 |
| Highest Mortgage Loan Application Amount | $1,760,000 |
| Average Applicant Income | $121,310 |
| Highest Applicant Income | $1,800,000 |
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(HMDA) records Equity 1 Lenders Group filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2005
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 | 3,258 | $888,475,000 | $181,000 | $1,760,000 | $67,571 | $1,005,000 |
| Home Purchase | 2,862 | $752,317,000 | $187,833 | $1,722,000 | $97,333 | $1,800,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not Provided | 2,299 | $654,567,000 | $175,166 | $1,760,000 | $89,166 | $1,800,000 |
| White | 2,067 | $525,167,000 | $200,666 | $1,495,000 | $82,833 | $1,000,000 |
| Hispanic | 1,453 | $371,471,000 | $149,857 | $1,117,000 | $57,857 | $404,000 |
| Asian | 169 | $55,692,000 | $209,500 | $1,472,000 | $78,750 | $1,800,000 |
| Black or African American | 106 | $24,478,000 | $146,800 | $656,000 | $76,400 | $1,104,000 |
| Native Hawaiian or Other Pacific Islander | 24 | $9,259,000 | $385,000 | $1,265,000 | $167,000 | $338,000 |
| American Indian or Alaskan Native | 2 | $158,000 | $79,000 | $90,000 | $94,000 | $121,000 |
| 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) | 6,120 | $1,640,792,000 | $175,428 | $1,760,000 | $72,571 | $1,800,000 |
| 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 | 2,873 | $788,125,000 | $209,166 | $1,722,000 | $84,666 | $1,440,000 |
| Application Denied By Financial Institution | 1,548 | $399,126,000 | $170,000 | $1,610,000 | $87,500 | $1,104,000 |
| Application Approved But Not Accepted | 1,135 | $313,480,000 | $181,666 | $1,698,000 | $78,666 | $1,005,000 |
| Application Withdrawn By Applicant | 521 | $129,056,000 | $165,142 | $1,760,000 | $69,857 | $1,800,000 |
| File Closed For Incompleteness | 43 | $11,005,000 | $187,750 | $825,000 | $107,250 | $960,000 |
| 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 | 1,007 | $264,368,000 | $164,166 | $1,610,000 | $87,000 | $1,104,000 |
| Credit History | 181 | $45,637,000 | $162,333 | $1,125,000 | $87,666 | $576,000 |
| Collateral | 129 | $34,150,000 | $163,250 | $1,260,000 | $114,750 | $708,000 |
| Unverifiable Information | 102 | $26,540,000 | $153,000 | $788,000 | $120,000 | $330,000 |
| Employment History | 81 | $17,922,000 | $211,666 | $640,000 | $88,333 | $188,000 |
| Credit Application Incomplete | 29 | $6,118,000 | $166,000 | $720,000 | $140,500 | $230,000 |
| Debt-To-Income Ratio | 19 | $4,391,000 | $165,750 | $540,000 | $57,750 | $157,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Equity 1 Lenders Group's 2005 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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