Equity 1 Lenders Group Mortgage Lending & HMDA Data, 2006
In 2006, Equity 1 Lenders Group of Escondido, CA reported 3,149 mortgage applications totaling $766.7 million, down 49% from 2005. The average application was for $243,467, and applicants reported an average income of $121,868. 42% of its applications resulted in an originated loan and 34% were denied. Its largest markets were San Diego-Carlsbad-San Marcos, CA (679), Riverside-San Bernardino-Ontario, CA (443) and Los Angeles-Long Beach-Glendale, CA (409) (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 | 3,149 |
| Total Mortgage Loan Application Amount | $766,678,000 |
| Average Mortgage Loan Application Amount | $243,467 |
| Highest Mortgage Loan Application Amount | $1,737,000 |
| Average Applicant Income | $121,868 |
| 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(HMDA) records Equity 1 Lenders Group filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2006
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 | 2,196 | $531,650,000 | $242,000 | $1,737,000 | $114,000 | $1,272,000 |
| Home Purchase | 953 | $235,028,000 | $246,000 | $1,121,000 | $140,000 | $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 |
|---|---|---|---|---|---|---|
| White | 1,860 | $423,659,000 | $227,000 | $1,737,000 | $116,000 | $1,800,000 |
| Hispanic | 826 | $212,144,000 | $256,000 | $782,000 | $122,000 | $720,000 |
| Asian | 162 | $49,376,000 | $304,000 | $950,000 | $154,000 | $739,000 |
| Black or African American | 139 | $38,718,000 | $278,000 | $897,000 | $149,000 | $499,000 |
| Not Provided | 107 | $25,314,000 | $236,000 | $645,000 | $131,000 | $768,000 |
| Native Hawaiian or Other Pacific Islander | 46 | $14,991,000 | $325,000 | $760,000 | $159,000 | $312,000 |
| American Indian or Alaskan Native | 9 | $2,476,000 | $275,000 | $476,000 | $152,000 | $268,000 |
| 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) | 3,149 | $766,678,000 | $243,000 | $1,737,000 | $122,000 | $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 | 1,335 | $315,985,000 | $236,000 | $1,737,000 | $109,000 | $1,272,000 |
| Application Denied By Financial Institution | 1,071 | $254,402,000 | $237,000 | $1,050,000 | $131,000 | $816,000 |
| Application Approved But Not Accepted | 396 | $106,326,000 | $268,000 | $950,000 | $128,000 | $366,000 |
| Application Withdrawn By Applicant | 244 | $64,070,000 | $262,000 | $1,500,000 | $132,000 | $1,800,000 |
| File Closed For Incompleteness | 103 | $25,895,000 | $251,000 | $906,000 | $142,000 | $411,000 |
| 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 | 259 | $46,794,000 | $180,000 | $680,000 | $95,000 | $600,000 |
| Collateral | 46 | $8,626,000 | $187,000 | $1,050,000 | $98,000 | $300,000 |
| Employment History | 15 | $2,717,000 | $181,000 | $446,000 | $78,000 | $174,000 |
| Credit History | 4 | $518,000 | $129,000 | $235,000 | $77,000 | $136,000 |
| Unverifiable Information | 2 | $993,000 | $496,000 | $520,000 | $100,000 | $200,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $63,000 | $63,000 | $63,000 | $68,000 | $68,000 |
| Debt-To-Income Ratio | 1 | $100,000 | $100,000 | $100,000 | $81,000 | $81,000 |
| Credit Application Incomplete | 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 2006 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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