Equity Funding Group, LP Mortgage Lending & HMDA Data, 2005
In 2005, Equity Funding Group, LP of San Diego, CA reported 105 mortgage applications totaling $88.7 million. The average application was for $844,828, and applicants reported an average income of $621,638. 44% of its applications resulted in an originated loan and 16% were denied. Its largest markets were San Diego-Carlsbad-San Marcos, CA (38), Los Angeles-Long Beach-Glendale, CA (37) and Santa Ana-Anaheim-Irvine, CA (10) (applications in parentheses).
| Mortgage Company & Address | Equity Funding Group, LP 12526 High Bluff Dr., Ste. 300 San Diego, CA 92130 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2005 |
| Total Number of Mortgage Applications | 105 |
| Total Mortgage Loan Application Amount | $88,707,000 |
| Average Mortgage Loan Application Amount | $844,828 |
| Highest Mortgage Loan Application Amount | $11,500,000 |
| Average Applicant Income | $621,638 |
| Highest Applicant Income | $7,800,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Equity Funding Group, LP filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| San Diego-Carlsbad-San Marcos, CA | 38 | $ 19,467,000 | $ 512,289 | $ 396,000 |
| Los Angeles-Long Beach-Glendale, CA | 37 | $ 37,685,000 | $ 1,018,513 | $ 573,000 |
| Santa Ana-Anaheim-Irvine, CA | 10 | $ 18,783,000 | $ 1,878,300 | $ 1,304,000 |
| Riverside-San Bernardino-Ontario, CA | 6 | $ 2,433,000 | $ 405,500 | $ 165,000 |
| San Francisco-San Mateo-Redwood City, CA | 5 | $ 6,316,000 | $ 1,263,200 | $ 1,083,000 |
| Oakland-Fremont-Hayward, CA | 2 | $ 609,000 | $ 304,500 | $ 37,000 |
| Austin-Round Rock, TX | 1 | $ 315,000 | $ 315,000 | $ 480,000 |
| Burlington-South Burlington, VT | 1 | $ 420,000 | $ 420,000 | $ 138,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 250,000 | $ 250,000 | $ 480,000 |
| Redding, CA | 1 | $ 250,000 | $ 250,000 | $ 163,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 120,000 | $ 120,000 | $ 540,000 |
| San Luis Obispo-Paso Robles, CA | 1 | $ 559,000 | $ 559,000 | $ 480,000 |
Mortgage Loan Application Detail Totals for Equity Funding Group, LP 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 | 65 | $53,916,000 | $829,000 | $11,500,000 | $734,000 | $7,800,000 |
| Home Purchase | 25 | $28,219,000 | $643,000 | $4,620,000 | $392,000 | $1,320,000 |
| Home Improvement | 15 | $6,572,000 | $438,000 | $1,500,000 | $274,000 | $1,044,000 |
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 | 66 | $46,711,000 | $484,333 | $4,620,000 | $394,333 | $3,765,000 |
| Not Provided | 20 | $30,775,000 | $1,538,000 | $11,500,000 | $949,000 | $7,800,000 |
| Hispanic | 7 | $3,000,000 | $428,000 | $985,000 | $215,000 | $348,000 |
| Asian | 5 | $2,548,000 | $509,000 | $1,000,000 | $256,000 | $396,000 |
| Black or African American | 4 | $4,739,000 | $1,184,000 | $1,796,000 | $420,000 | $984,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $934,000 | $311,000 | $600,000 | $695,000 | $1,046,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 105 | $88,707,000 | $529,666 | $11,500,000 | $410,666 | $7,800,000 |
| 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 | 46 | $24,859,000 | $430,000 | $2,730,000 | $453,500 | $1,320,000 |
| Application Withdrawn By Applicant | 32 | $27,476,000 | $858,000 | $4,620,000 | $409,000 | $1,458,000 |
| Application Denied By Financial Institution | 17 | $25,318,000 | $988,000 | $11,500,000 | $477,000 | $7,800,000 |
| Application Approved But Not Accepted | 10 | $11,054,000 | $1,105,000 | $4,000,000 | $1,166,000 | $3,765,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 3 | $12,074,000 | $4,024,000 | $11,500,000 | $2,646,000 | $7,800,000 |
| Debt-To-Income Ratio | 3 | $3,008,000 | $1,002,000 | $2,325,000 | $280,000 | $490,000 |
| Collateral | 3 | $2,246,000 | $748,000 | $1,000,000 | $454,000 | $492,000 |
| Unverifiable Information | 3 | $3,195,000 | $1,065,000 | $1,620,000 | $398,000 | $742,000 |
| Other | 2 | $3,920,000 | $1,960,000 | $3,500,000 | $429,000 | $720,000 |
| Credit Application Incomplete | 2 | $625,000 | $312,000 | $525,000 | $417,000 | $701,000 |
| Employment History | 1 | $250,000 | $250,000 | $250,000 | $163,000 | $163,000 |
| 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 Funding Group, LP'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 Funding Group, LP'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.
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