Foundation Capital Group Inc Mortgage Lending & HMDA Data, 2007
In 2007, Foundation Capital Group Inc of San Diego, CA reported 570 mortgage applications totaling $141.2 million, up 56900% from 2006. The average application was for $247,636, and applicants reported an average income of $82,056. 70% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (54), Washington-Arlington-Alexandria, DC-VA-MD-WV (51) and Baltimore-Towson, MD (33) (applications in parentheses).
| Mortgage Company & Address | Foundation Capital Group Inc 12275 El Camino Real Ste 130 San Diego, CA 92130 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 |
| Total Number of Mortgage Applications | 570 |
| Total Mortgage Loan Application Amount | $141,153,000 |
| Average Mortgage Loan Application Amount | $247,636 |
| Highest Mortgage Loan Application Amount | $955,000 |
| Average Applicant Income | $82,056 |
| Highest Applicant Income | $963,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Foundation Capital Group Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Atlanta-Sandy Springs-Marietta, GA | 54 | $ 12,914,000 | $ 239,148 | $ 84,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 51 | $ 17,258,000 | $ 338,392 | $ 100,215 |
| Baltimore-Towson, MD | 33 | $ 7,494,000 | $ 227,090 | $ 62,000 |
| Tampa-St. Petersburg-Clearwater, FL | 21 | $ 4,369,000 | $ 208,047 | $ 80,000 |
| Seattle-Bellevue-Everett, WA | 18 | $ 4,686,000 | $ 260,333 | $ 82,000 |
| Albuquerque, NM | 17 | $ 3,649,000 | $ 214,647 | $ 75,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 17 | $ 4,261,000 | $ 250,647 | $ 78,000 |
| Salt Lake City, UT | 17 | $ 3,136,000 | $ 184,470 | $ 61,000 |
| Charleston-North Charleston, SC | 15 | $ 4,043,000 | $ 269,533 | $ 76,000 |
| Richmond, VA | 15 | $ 3,288,000 | $ 219,200 | $ 88,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 15 | $ 4,040,000 | $ 269,333 | $ 87,000 |
| Honolulu, HI | 14 | $ 4,491,000 | $ 320,785 | $ 70,000 |
| Phoenix-Mesa-Scottsdale, AZ | 14 | $ 3,496,000 | $ 249,714 | $ 71,000 |
| Portland-Vancouver-Beaverton, OR-WA | 13 | $ 3,247,000 | $ 249,769 | $ 72,000 |
| Anchorage, AK | 10 | $ 2,096,000 | $ 209,600 | $ 77,000 |
| Bethesda-Gaithersburg-Frederick, MD | 10 | $ 2,966,000 | $ 296,600 | $ 83,000 |
| Ogden-Clearfield, UT | 10 | $ 1,901,000 | $ 190,100 | $ 77,000 |
| Miami-Miami Beach-Kendall, FL | 9 | $ 2,651,000 | $ 294,555 | $ 112,000 |
| San Diego-Carlsbad-San Marcos, CA | 9 | $ 3,537,000 | $ 393,000 | $ 224,000 |
| Naples-Marco Island, FL | 7 | $ 2,319,000 | $ 331,285 | $ 87,000 |
| Orlando-Kissimmee, FL | 7 | $ 1,692,000 | $ 241,714 | $ 66,000 |
| Provo-Orem, UT | 7 | $ 1,860,000 | $ 265,714 | $ 119,000 |
| Tacoma, WA | 7 | $ 1,490,000 | $ 212,857 | $ 86,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 7 | $ 2,148,000 | $ 306,857 | $ 106,000 |
| New Haven-Milford, CT | 6 | $ 1,166,000 | $ 194,333 | $ 69,000 |
| Palm Bay-Melbourne-Titusville, FL | 6 | $ 1,155,000 | $ 192,500 | $ 50,000 |
| Salem, OR | 6 | $ 1,174,000 | $ 195,666 | $ 63,000 |
| Spokane, WA | 6 | $ 943,000 | $ 157,166 | $ 62,000 |
| Columbia, SC | 5 | $ 1,008,000 | $ 201,600 | $ 100,000 |
| Eugene-Springfield, OR | 5 | $ 954,000 | $ 190,800 | $ 71,000 |
| Hagerstown-Martinsburg, MD-WV | 5 | $ 1,266,000 | $ 253,200 | $ 79,000 |
| Kansas City, MO-KS | 5 | $ 637,000 | $ 127,400 | $ 60,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 5 | $ 1,152,000 | $ 230,400 | $ 74,000 |
| Providence-New Bedford-Fall River, RI-MA | 5 | $ 1,209,000 | $ 241,800 | $ 68,000 |
| Sarasota-Bradenton-Venice, FL | 5 | $ 630,000 | $ 126,000 | $ 62,000 |
| Bridgeport-Stamford-Norwalk, CT | 4 | $ 946,000 | $ 236,500 | $ 74,000 |
| Cape Coral-Fort Myers, FL | 4 | $ 1,120,000 | $ 280,000 | $ 137,000 |
| Denver-Aurora, CO | 4 | $ 700,000 | $ 175,000 | $ 57,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 4 | $ 757,000 | $ 189,250 | $ 68,000 |
| Bellingham, WA | 3 | $ 621,000 | $ 207,000 | $ 56,000 |
| Jacksonville, FL | 3 | $ 660,000 | $ 220,000 | $ 84,000 |
| Pensacola-Ferry Pass-Brent, FL | 3 | $ 854,000 | $ 284,666 | $ 81,000 |
| Santa Fe, NM | 3 | $ 704,000 | $ 234,666 | $ 47,000 |
| St. Louis, MO-IL | 3 | $ 507,000 | $ 169,000 | $ 55,000 |
| Wilmington, DE-MD-NJ | 3 | $ 660,000 | $ 220,000 | $ 70,000 |
| Anderson, SC | 2 | $ 289,000 | $ 144,500 | $ 81,000 |
| Augusta-Richmond County, GA-SC | 2 | $ 552,000 | $ 276,000 | $ 98,000 |
| Bremerton-Silverdale, WA | 2 | $ 405,000 | $ 202,500 | $ 57,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 2 | $ 602,000 | $ 301,000 | $ 81,000 |
| Greenville-Mauldin-Easley, SC | 2 | $ 537,000 | $ 268,500 | $ 103,000 |
| Hartford-West Hartford-East Hartford, CT | 2 | $ 346,000 | $ 173,000 | $ 49,000 |
| Las Cruces, NM | 2 | $ 365,000 | $ 182,500 | $ 91,000 |
| Olympia, WA | 2 | $ 479,000 | $ 239,500 | $ 75,000 |
| Portland-South Portland-Biddeford, ME | 2 | $ 387,000 | $ 193,500 | $ 64,000 |
| Riverside-San Bernardino-Ontario, CA | 2 | $ 406,000 | $ 203,000 | $ 71,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 2 | $ 1,023,000 | $ 511,500 | $ 127,000 |
| Bakersfield, CA | 1 | $ 465,000 | $ 465,000 | $ 0 |
| Bend, OR | 1 | $ 288,000 | $ 288,000 | $ 62,000 |
| Colorado Springs, CO | 1 | $ 173,000 | $ 173,000 | $ 57,000 |
| Detroit-Livonia-Dearborn, MI | 1 | $ 278,000 | $ 278,000 | $ 79,000 |
| Farmington, NM | 1 | $ 275,000 | $ 275,000 | $ 115,000 |
| Flint, MI | 1 | $ 368,000 | $ 368,000 | $ 90,000 |
| Fresno, CA | 1 | $ 158,000 | $ 158,000 | $ 40,000 |
| Gainesville, GA | 1 | $ 266,000 | $ 266,000 | $ 118,000 |
| Indianapolis-Carmel, IN | 1 | $ 80,000 | $ 80,000 | $ 0 |
| Lakeland, FL | 1 | $ 227,000 | $ 227,000 | $ 47,000 |
| Longview, WA | 1 | $ 164,000 | $ 164,000 | $ 0 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 343,000 | $ 343,000 | $ 74,000 |
| Panama City-Lynn Haven, FL | 1 | $ 109,000 | $ 109,000 | $ 46,000 |
| Port St. Lucie, FL | 1 | $ 257,000 | $ 257,000 | $ 84,000 |
| Punta Gorda, FL | 1 | $ 126,000 | $ 126,000 | $ 107,000 |
| Rockingham County-Strafford County, NH | 1 | $ 197,000 | $ 197,000 | $ 96,000 |
| Salisbury, MD | 1 | $ 173,000 | $ 173,000 | $ 50,000 |
| San Francisco-San Mateo-Redwood City, CA | 1 | $ 328,000 | $ 328,000 | $ 58,000 |
| Spartanburg, SC | 1 | $ 405,000 | $ 405,000 | $ 98,000 |
| St. George, UT | 1 | $ 572,000 | $ 572,000 | $ 167,000 |
| Tallahassee, FL | 1 | $ 101,000 | $ 101,000 | $ 43,000 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 149,000 | $ 149,000 | $ 34,000 |
| Yakima, WA | 1 | $ 192,000 | $ 192,000 | $ 88,000 |
Mortgage Loan Application Detail Totals for Foundation Capital Group Inc in 2007
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 | 562 | $139,185,000 | $247,000 | $955,000 | $82,000 | $963,000 |
| Home Purchase | 8 | $1,968,000 | $246,000 | $417,000 | $86,000 | $204,000 |
| 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 | 353 | $86,280,000 | $244,000 | $863,000 | $85,000 | $963,000 |
| Not Provided | 64 | $14,991,000 | $234,000 | $779,000 | $73,000 | $209,000 |
| Black or African American | 53 | $12,426,000 | $234,000 | $955,000 | $75,000 | $236,000 |
| Native Hawaiian or Other Pacific Islander | 49 | $14,397,000 | $293,000 | $882,000 | $78,000 | $306,000 |
| Hispanic | 36 | $8,466,000 | $235,000 | $844,000 | $79,000 | $504,000 |
| Asian | 11 | $3,472,000 | $315,000 | $885,000 | $83,000 | $223,000 |
| American Indian or Alaskan Native | 4 | $1,121,000 | $280,000 | $478,000 | $93,000 | $173,000 |
| 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) | 570 | $141,153,000 | $247,000 | $955,000 | $82,000 | $963,000 |
| 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 | 400 | $98,499,000 | $246,000 | $863,000 | $81,000 | $963,000 |
| Application Approved But Not Accepted | 67 | $18,820,000 | $280,000 | $885,000 | $90,000 | $445,000 |
| Application Withdrawn By Applicant | 62 | $14,493,000 | $233,000 | $955,000 | $80,000 | $236,000 |
| Application Denied By Financial Institution | 31 | $6,866,000 | $221,000 | $882,000 | $79,000 | $306,000 |
| File Closed For Incompleteness | 10 | $2,475,000 | $247,000 | $637,000 | $91,000 | $167,000 |
| 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 |
|---|---|---|---|---|---|---|
| Employment History | 2 | $378,000 | $189,000 | $212,000 | $51,000 | $62,000 |
| Collateral | 2 | $442,000 | $221,000 | $300,000 | $63,000 | $98,000 |
| Debt-To-Income Ratio | 1 | $220,000 | $220,000 | $220,000 | $33,000 | $33,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Foundation Capital Group Inc's 2007 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 Foundation Capital Group Inc'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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