First City Mortgage Lending & HMDA Data, 2018
In 2018, First City of Los Angeles, CA reported 196 mortgage applications totaling $29.3 million, up 244% from 2017. The average application was for $149,234, and applicants reported an average income of $110,688. 44% of its applications resulted in an originated loan and 26% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (140), Riverside-San Bernardino-Ontario, CA (36) and Anaheim-Santa Ana-Irvine, CA (5) (applications in parentheses).
| Mortgage Company & Address | First City Po Box 86008 Los Angeles, CA 90012 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 196 |
| Total Mortgage Loan Application Amount | $29,250,000 |
| Average Mortgage Loan Application Amount | $149,234 |
| Highest Mortgage Loan Application Amount | $605,000 |
| Average Applicant Income | $110,688 |
| Highest Applicant Income | $1,680,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First City filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Los Angeles-Long Beach-Glendale, CA | 140 | $ 19,840,000 | $ 141,714 | $ 103,000 |
| Riverside-San Bernardino-Ontario, CA | 36 | $ 5,450,000 | $ 151,388 | $ 149,000 |
| Anaheim-Santa Ana-Irvine, CA | 5 | $ 235,000 | $ 47,000 | $ 175,000 |
| Bakersfield, CA | 3 | $ 395,000 | $ 131,666 | $ 57,000 |
| Indianapolis-Carmel-Anderson, IN | 2 | $ 550,000 | $ 275,000 | $ 154,000 |
| Boise City, ID | 1 | $ 185,000 | $ 185,000 | $ 55,000 |
| Chicago-Naperville-Arlington Heights, IL | 1 | $ 195,000 | $ 195,000 | $ 93,000 |
| Fort Worth-Arlington, TX | 1 | $ 125,000 | $ 125,000 | $ 39,000 |
| Houston-The Woodlands-Sugar Land, TX | 1 | $ 225,000 | $ 225,000 | $ 103,000 |
| Las Vegas-Henderson-Paradise, NV | 1 | $ 95,000 | $ 95,000 | $ 104,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 575,000 | $ 575,000 | $ 60,000 |
Mortgage Loan Application Detail Totals for First City in 2018
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 |
|---|---|---|---|---|---|---|
| Other Purpose | 61 | $4,015,000 | $65,000 | $605,000 | $115,000 | $279,000 |
| Cash-out Refinancing | 51 | $12,825,000 | $261,000 | $505,000 | $91,000 | $346,000 |
| Home Improvement | 49 | $3,065,000 | $62,000 | $195,000 | $141,000 | $1,680,000 |
| Home Purchase | 21 | $5,845,000 | $278,000 | $575,000 | $77,000 | $137,000 |
| Refinancing | 13 | $3,495,000 | $268,000 | $475,000 | $109,000 | $192,000 |
| Not Applicable | 1 | $5,000 | $5,000 | $5,000 | $96,000 | $96,000 |
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 |
|---|---|---|---|---|---|---|
| Not Provided | 64 | $10,295,000 | $163,000 | $505,000 | $109,000 | $279,000 |
| Hispanic | 54 | $8,600,000 | $159,000 | $605,000 | $94,000 | $182,000 |
| White | 32 | $4,365,000 | $140,000 | $435,000 | $104,000 | $346,000 |
| Black or African American | 30 | $3,960,000 | $132,000 | $475,000 | $151,000 | $1,680,000 |
| Asian | 12 | $1,300,000 | $108,000 | $375,000 | $117,000 | $257,000 |
| American Indian or Alaskan Native | 3 | $655,000 | $218,000 | $405,000 | $66,000 | $94,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 195 | $28,905,000 | $149,000 | $605,000 | $111,000 | $1,680,000 |
| VA-guaranteed (Veterans Administration) | 1 | $345,000 | $345,000 | $345,000 | $64,000 | $64,000 |
| 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 |
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 | 87 | $11,155,000 | $128,000 | $455,000 | $106,000 | $279,000 |
| Application Withdrawn By Applicant | 52 | $8,940,000 | $178,000 | $605,000 | $133,000 | $1,680,000 |
| Application Denied By Financial Institution | 51 | $6,845,000 | $134,000 | $495,000 | $99,000 | $226,000 |
| File Closed For Incompleteness | 6 | $2,310,000 | $385,000 | $575,000 | $89,000 | $124,000 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Not applicable | 145 | $22,405,000 | $156,000 | $605,000 | $115,000 | $1,680,000 |
| Other | 38 | $3,480,000 | $91,000 | $495,000 | $102,000 | $226,000 |
| Credit History | 9 | $2,175,000 | $241,000 | $405,000 | $100,000 | $180,000 |
| Debt-To-Income Ratio | 4 | $1,190,000 | $297,000 | $395,000 | $61,000 | $116,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First City's 2018 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 First City'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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with aggregated HMDA statistics today.
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