Equity Plus Mortgage Lending & HMDA Data, 2005
In 2005, Equity Plus of San Diego, CA reported 1,559 mortgage applications totaling $408.9 million, down 20% from 2004. The average application was for $262,273, and applicants reported an average income of $82,399. 64% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (300), Los Angeles-Long Beach-Glendale, CA (250) and San Diego-Carlsbad-San Marcos, CA (220) (applications in parentheses).
| Mortgage Company & Address | Equity Plus 5333 Mission Center Road San Diego, CA 92109 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,559 |
| Total Mortgage Loan Application Amount | $408,884,000 |
| Average Mortgage Loan Application Amount | $262,273 |
| Highest Mortgage Loan Application Amount | $1,273,000 |
| Average Applicant Income | $82,399 |
| Highest Applicant Income | $528,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Equity Plus filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Phoenix-Mesa-Scottsdale, AZ | 300 | $ 51,902,000 | $ 173,006 | $ 70,000 |
| Los Angeles-Long Beach-Glendale, CA | 250 | $ 76,607,000 | $ 306,428 | $ 98,000 |
| San Diego-Carlsbad-San Marcos, CA | 220 | $ 72,153,000 | $ 327,968 | $ 107,000 |
| Riverside-San Bernardino-Ontario, CA | 203 | $ 53,797,000 | $ 265,009 | $ 90,000 |
| Santa Ana-Anaheim-Irvine, CA | 66 | $ 24,314,000 | $ 368,393 | $ 129,000 |
| Oakland-Fremont-Hayward, CA | 55 | $ 18,595,000 | $ 338,090 | $ 105,000 |
| Tucson, AZ | 53 | $ 7,706,000 | $ 145,396 | $ 49,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 33 | $ 8,170,000 | $ 247,575 | $ 76,000 |
| Vallejo-Fairfield, CA | 26 | $ 8,349,000 | $ 321,115 | $ 90,000 |
| Fresno, CA | 22 | $ 5,078,000 | $ 230,818 | $ 62,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 20 | $ 7,197,000 | $ 359,850 | $ 95,000 |
| Bakersfield, CA | 17 | $ 4,169,000 | $ 245,235 | $ 81,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 17 | $ 6,621,000 | $ 389,470 | $ 139,000 |
| Modesto, CA | 16 | $ 3,146,000 | $ 196,625 | $ 68,000 |
| San Francisco-San Mateo-Redwood City, CA | 16 | $ 6,292,000 | $ 393,250 | $ 125,000 |
| Visalia-Porterville, CA | 16 | $ 3,075,000 | $ 192,187 | $ 78,000 |
| Yuma, AZ | 16 | $ 2,454,000 | $ 153,375 | $ 59,000 |
| Prescott, AZ | 13 | $ 2,430,000 | $ 186,923 | $ 36,000 |
| Stockton, CA | 12 | $ 3,211,000 | $ 267,583 | $ 62,000 |
| Chicago-Naperville-Joliet, IL | 11 | $ 1,590,000 | $ 144,545 | $ 56,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 11 | $ 4,153,000 | $ 377,545 | $ 89,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 10 | $ 2,236,000 | $ 223,600 | $ 63,000 |
| San Luis Obispo-Paso Robles, CA | 10 | $ 3,180,000 | $ 318,000 | $ 78,000 |
| Santa Rosa-Petaluma, CA | 9 | $ 3,179,000 | $ 353,222 | $ 86,000 |
| Redding, CA | 7 | $ 1,251,000 | $ 178,714 | $ 83,000 |
| Salinas, CA | 7 | $ 2,440,000 | $ 348,571 | $ 73,000 |
| Tampa-St. Petersburg-Clearwater, FL | 6 | $ 1,053,000 | $ 175,500 | $ 111,000 |
| Madera, CA | 5 | $ 1,679,000 | $ 335,800 | $ 73,000 |
| Santa Cruz-Watsonville, CA | 5 | $ 2,362,000 | $ 472,400 | $ 181,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 4 | $ 444,000 | $ 111,000 | $ 52,000 |
| El Centro, CA | 4 | $ 701,000 | $ 175,250 | $ 61,000 |
| Flagstaff, AZ | 4 | $ 993,000 | $ 248,250 | $ 89,000 |
| Lakeland, FL | 4 | $ 460,000 | $ 115,000 | $ 61,000 |
| Miami-Miami Beach-Kendall, FL | 4 | $ 1,071,000 | $ 267,750 | $ 63,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 4 | $ 437,000 | $ 109,250 | $ 63,000 |
| Napa, CA | 4 | $ 1,190,000 | $ 297,500 | $ 79,000 |
| Palm Bay-Melbourne-Titusville, FL | 4 | $ 701,000 | $ 175,250 | $ 72,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 4 | $ 640,000 | $ 160,000 | $ 64,000 |
| Jacksonville, FL | 3 | $ 594,000 | $ 198,000 | $ 58,000 |
| Merced, CA | 3 | $ 459,000 | $ 153,000 | $ 77,000 |
| Orlando, FL | 3 | $ 642,000 | $ 214,000 | $ 43,000 |
| Sarasota-Bradenton-Venice, FL | 3 | $ 524,000 | $ 174,666 | $ 62,000 |
| Chico, CA | 2 | $ 554,000 | $ 277,000 | $ 67,000 |
| Hanford-Corcoran, CA | 2 | $ 473,000 | $ 236,500 | $ 56,000 |
| Port St. Lucie-Fort Pierce, FL | 2 | $ 509,000 | $ 254,500 | $ 83,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 200,000 | $ 200,000 | $ 78,000 |
| Ocala, FL | 1 | $ 128,000 | $ 128,000 | $ 60,000 |
Mortgage Loan Application Detail Totals for Equity Plus 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 | 1,440 | $381,938,000 | $251,500 | $1,273,000 | $72,833 | $528,000 |
| Home Purchase | 119 | $26,946,000 | $147,000 | $806,000 | $75,250 | $408,000 |
| 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 | 706 | $180,021,000 | $184,600 | $963,000 | $81,000 | $528,000 |
| Hispanic | 346 | $82,256,000 | $208,000 | $855,000 | $66,000 | $235,000 |
| Not Provided | 270 | $79,751,000 | $190,200 | $1,273,000 | $62,400 | $408,000 |
| Black or African American | 129 | $33,396,000 | $164,400 | $850,000 | $72,000 | $420,000 |
| Asian | 71 | $22,471,000 | $256,000 | $875,000 | $85,000 | $236,000 |
| Native Hawaiian or Other Pacific Islander | 23 | $6,532,000 | $273,750 | $578,000 | $69,000 | $124,000 |
| American Indian or Alaskan Native | 14 | $4,457,000 | $259,000 | $583,000 | $87,000 | $179,000 |
| 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) | 1,559 | $408,884,000 | $237,166 | $1,273,000 | $73,833 | $528,000 |
| 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 | 996 | $263,829,000 | $185,000 | $963,000 | $61,400 | $528,000 |
| Application Approved But Not Accepted | 286 | $72,006,000 | $254,600 | $875,000 | $69,000 | $324,000 |
| Application Denied By Financial Institution | 164 | $40,947,000 | $166,000 | $743,000 | $77,400 | $420,000 |
| Application Withdrawn By Applicant | 79 | $22,440,000 | $217,750 | $1,273,000 | $105,000 | $408,000 |
| File Closed For Incompleteness | 33 | $9,561,000 | $269,666 | $543,000 | $70,666 | $138,000 |
| Loan Purchased By The Institution | 1 | $101,000 | $101,000 | $101,000 | $57,000 | $57,000 |
| 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 | 51 | $12,118,000 | $166,750 | $520,000 | $59,500 | $198,000 |
| Collateral | 42 | $9,823,000 | $189,333 | $532,000 | $64,666 | $265,000 |
| Debt-To-Income Ratio | 26 | $7,306,000 | $196,000 | $743,000 | $77,000 | $168,000 |
| Other | 19 | $5,064,000 | $226,000 | $520,000 | $173,250 | $420,000 |
| Employment History | 10 | $1,963,000 | $205,500 | $338,000 | $70,000 | $120,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $891,000 | $445,000 | $520,000 | $147,000 | $198,000 |
| Unverifiable Information | 2 | $650,000 | $325,000 | $470,000 | $140,000 | $193,000 |
| 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 Plus'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 Plus'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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