Fremont Investment & Loan Mortgage Lending & HMDA Data, 2007
In 2007, Fremont Investment & Loan of Brea, CA reported 41,453 mortgage applications totaling $11.4 billion, down 85% from 2006. The average application was for $274,941, and applicants reported an average income of $119,979. 37% of its applications resulted in an originated loan and 55% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (2,772), Los Angeles-Long Beach-Glendale, CA (2,110) and Washington-Arlington-Alexandria, DC-VA-MD-WV (1,925) (applications in parentheses).
| Mortgage Company & Address | Fremont Investment & Loan 2727 E. Imperial Highway Brea, CA 92821 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 41,453 |
| Total Mortgage Loan Application Amount | $11,397,146,000 |
| Average Mortgage Loan Application Amount | $274,941 |
| Highest Mortgage Loan Application Amount | $99,999,000 |
| Average Applicant Income | $119,979 |
| Highest Applicant Income | $6,747,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Fremont Investment & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Fremont Investment & Loan 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 | 26,758 | $7,566,125,000 | $282,000 | $1,500,000 | $116,000 | $6,747,000 |
| Home Purchase | 13,070 | $3,328,462,000 | $254,000 | $99,999,000 | $128,000 | $4,774,000 |
| Home Improvement | 1,625 | $502,559,000 | $309,000 | $1,375,000 | $121,000 | $2,946,000 |
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 | 15,034 | $4,010,253,000 | $266,000 | $1,600,000 | $130,000 | $5,421,000 |
| Black or African American | 9,899 | $2,312,515,000 | $233,000 | $1,170,000 | $99,000 | $1,948,000 |
| Hispanic | 8,434 | $2,253,311,000 | $267,000 | $1,280,000 | $116,000 | $6,747,000 |
| Not Provided | 5,911 | $1,724,789,000 | $291,000 | $1,500,000 | $117,000 | $2,722,000 |
| Asian | 1,725 | $597,636,000 | $346,000 | $1,440,000 | $171,000 | $2,858,000 |
| Native Hawaiian or Other Pacific Islander | 328 | $112,502,000 | $342,000 | $1,233,000 | $173,000 | $3,824,000 |
| American Indian or Alaskan Native | 115 | $31,669,000 | $275,000 | $782,000 | $118,000 | $416,000 |
| Not applicable | 7 | $354,471,000 | $50,638,000 | $99,999,000 | $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) | 41,453 | $11,397,146,000 | $274,000 | $99,999,000 | $120,000 | $6,747,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 22,879 | $6,248,997,000 | $273,000 | $1,600,000 | $121,000 | $4,774,000 |
| Loan Originated | 15,145 | $3,940,927,000 | $260,000 | $1,425,000 | $120,000 | $6,747,000 |
| File Closed For Incompleteness | 3,218 | $799,656,000 | $248,000 | $1,435,000 | $115,000 | $2,858,000 |
| Application Approved But Not Accepted | 196 | $404,199,000 | $2,062,000 | $99,999,000 | $108,000 | $886,000 |
| Application Withdrawn By Applicant | 15 | $3,367,000 | $224,000 | $595,000 | $117,000 | $336,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Fremont Investment & Loan'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 Fremont Investment & Loan'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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