Gateway Business Bank Mortgage Lending & HMDA Data, 2003

In 2003, Gateway Business Bank of Cerritos, CA reported 10,208 mortgage applications totaling $1.7 billion. The average application was for $165,995, and applicants reported an average income of $65,863. 72% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Riverside-San Bernardino, CA (1,718), Orange County, CA (1,129) and Chico-Paradise, CA (810) (applications in parentheses).

Mortgage Company & Address Gateway Business Bank
18000 Studebaker Road, Suite 550
Cerritos, CA 90703
Tel #: available with data download
Federal Regulator * available with data download
Years 2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 10,208
Total Mortgage Loan Application Amount $1,694,481,000
Average Mortgage Loan Application Amount $165,995
Highest Mortgage Loan Application Amount $2,520,000
Average Applicant Income $65,863
Highest Applicant Income $1,054,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Gateway Business Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Gateway Business Bank by County in 2003

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Riverside, California 1,147 $ 193,062,000 $ 168,319 $ 65,000
Orange, California 1,129 $ 263,414,000 $ 233,316 $ 82,000
Butte, California 810 $ 119,169,000 $ 147,122 $ 59,000
Los Angeles, California 635 $ 119,617,000 $ 188,373 $ 79,000
San Bernardino, California 571 $ 96,722,000 $ 169,390 $ 64,000
Sonoma, California 543 $ 122,737,000 $ 226,034 $ 82,000
Shasta, California 508 $ 66,937,000 $ 131,765 $ 53,000
Fresno, California 489 $ 58,432,000 $ 119,492 $ 54,000
Tulare, California 414 $ 50,976,000 $ 123,130 $ 53,000
Kern, California 309 $ 32,038,000 $ 103,682 $ 54,000
San Luis Obispo, California 283 $ 58,834,000 $ 207,893 $ 87,000
Josephine, Oregon 240 $ 32,683,000 $ 136,179 $ 49,000
Glenn, California 236 $ 28,233,000 $ 119,631 $ 53,000
Jackson, Oregon 173 $ 24,649,000 $ 142,479 $ 58,000
Monterey, California 156 $ 36,531,000 $ 234,173 $ 98,000
San Diego, California 152 $ 31,758,000 $ 208,934 $ 98,000
San Joaquin, California 150 $ 23,104,000 $ 154,026 $ 62,000
Sacramento, California 114 $ 17,727,000 $ 155,500 $ 62,000
Kings, California 113 $ 14,047,000 $ 124,309 $ 51,000
Douglas, Oregon 113 $ 12,560,000 $ 111,150 $ 42,000
Tehama, California 111 $ 12,395,000 $ 111,666 $ 52,000
Clark, Nevada 79 $ 11,896,000 $ 150,582 $ 60,000
Marion, Oregon 77 $ 8,661,000 $ 112,480 $ 43,000
Contra Costa, California 67 $ 12,551,000 $ 187,328 $ 87,000
Madera, California 64 $ 8,153,000 $ 127,390 $ 80,000
Placer, California 64 $ 10,851,000 $ 169,546 $ 62,000
Sutter, California 63 $ 7,784,000 $ 123,555 $ 43,000
Stanislaus, California 60 $ 8,891,000 $ 148,183 $ 49,000
Alameda, California 56 $ 11,434,000 $ 204,178 $ 79,000
Lassen, California 54 $ 5,746,000 $ 106,407 $ 50,000
Ventura, California 48 $ 9,196,000 $ 191,583 $ 78,000
Lake, California 45 $ 6,626,000 $ 147,244 $ 61,000
Solano, California 43 $ 7,888,000 $ 183,441 $ 78,000
Polk, Oregon 38 $ 4,603,000 $ 121,131 $ 59,000
King, Washington 37 $ 7,845,000 $ 212,027 $ 81,000
Washoe, Nevada 36 $ 5,471,000 $ 151,972 $ 92,000
Linn, Oregon 35 $ 3,855,000 $ 110,142 $ 40,000
Yuba, California 33 $ 4,158,000 $ 126,000 $ 51,000
Santa Clara, California 30 $ 7,165,000 $ 238,833 $ 103,000
Santa Cruz, California 30 $ 7,011,000 $ 233,700 $ 55,000
Mendocino, California 28 $ 4,814,000 $ 171,928 $ 64,000
Merced, California 28 $ 3,769,000 $ 134,607 $ 61,000
Yamhill, Oregon 28 $ 3,640,000 $ 130,000 $ 56,000
El Dorado, California 27 $ 5,023,000 $ 186,037 $ 75,000
Clackamas, Oregon 27 $ 4,926,000 $ 182,444 $ 101,000
Multnomah, Oregon 27 $ 3,510,000 $ 130,000 $ 68,000
Marin, California 26 $ 7,123,000 $ 273,961 $ 99,000
Klamath, Oregon 24 $ 2,752,000 $ 114,666 $ 65,000
Snohomish, Washington 23 $ 3,699,000 $ 160,826 $ 61,000
Plumas, California 21 $ 2,761,000 $ 131,476 $ 69,000
Curry, Oregon 21 $ 2,943,000 $ 140,142 $ 53,000
Pierce, Washington 21 $ 3,420,000 $ 162,857 $ 67,000
Benton, Oregon 20 $ 2,734,000 $ 136,700 $ 82,000
Lane, Oregon 20 $ 2,490,000 $ 124,500 $ 61,000
Imperial, California 19 $ 2,310,000 $ 121,578 $ 78,000
Bernalillo, New Mexico 19 $ 3,254,000 $ 171,263 $ 80,000
Napa, California 17 $ 3,923,000 $ 230,764 $ 81,000
Santa Barbara, California 17 $ 2,923,000 $ 171,941 $ 85,000
Washington, Oregon 16 $ 2,843,000 $ 177,687 $ 77,000
Deschutes, Oregon 14 $ 2,133,000 $ 152,357 $ 76,000
Del Norte, California 13 $ 1,614,000 $ 124,153 $ 41,000
San Francisco, California 13 $ 3,561,000 $ 273,923 $ 68,000
Clark, Washington 13 $ 2,063,000 $ 158,692 $ 67,000
Macomb, Michigan 12 $ 1,493,000 $ 124,416 $ 59,000
Wayne, Michigan 11 $ 1,177,000 $ 107,000 $ 53,000
Thurston, Washington 11 $ 1,273,000 $ 115,727 $ 55,000
Calaveras, California 10 $ 1,408,000 $ 140,800 $ 77,000
Oakland, Michigan 10 $ 1,315,000 $ 131,500 $ 62,000
Lincoln, Oregon 10 $ 2,104,000 $ 210,400 $ 135,000
Humboldt, California 9 $ 1,376,000 $ 152,888 $ 65,000
Nevada, California 9 $ 1,683,000 $ 187,000 $ 69,000
Siskiyou, California 9 $ 988,000 $ 109,777 $ 49,000
Amador, California 8 $ 550,000 $ 68,750 $ 64,000
San Mateo, California 8 $ 1,945,000 $ 243,125 $ 82,000
Yolo, California 8 $ 1,441,000 $ 180,125 $ 110,000
Arapahoe, Colorado 8 $ 1,226,000 $ 153,250 $ 93,000
El Paso, Colorado 8 $ 1,752,000 $ 219,000 $ 74,000
Kent, Michigan 7 $ 887,000 $ 126,714 $ 70,000
Carson City, Nevada 7 $ 802,000 $ 114,571 $ 53,000
Douglas, Nevada 7 $ 1,398,000 $ 199,714 $ 126,000
Lyon, Nevada 7 $ 691,000 $ 98,714 $ 51,000
Spokane, Washington 7 $ 1,063,000 $ 151,857 $ 81,000
Colusa, California 6 $ 484,000 $ 80,666 $ 53,000
Mono, California 5 $ 576,000 $ 115,200 $ 79,000
Trinity, California 5 $ 549,000 $ 109,800 $ 34,000
Tuolumne, California 5 $ 763,000 $ 152,600 $ 40,000
Coos, Oregon 5 $ 428,000 $ 85,600 $ 58,000
Jefferson, Washington 5 $ 686,000 $ 137,200 $ 113,000
Kitsap, Washington 5 $ 657,000 $ 131,400 $ 99,000
Modoc, California 4 $ 471,000 $ 117,750 $ 49,000
Gwinnett, Georgia 4 $ 611,000 $ 152,750 $ 33,000
Ada, Idaho 4 $ 425,000 $ 106,250 $ 54,000
Dona Ana, New Mexico 4 $ 471,000 $ 117,750 $ 37,000
Santa Fe, New Mexico 4 $ 896,000 $ 224,000 $ 117,000
Cowlitz, Washington 4 $ 429,000 $ 107,250 $ 71,000
Maricopa, Arizona 3 $ 220,000 $ 73,333 $ 64,000
San Benito, California 3 $ 703,000 $ 234,333 $ 250,000
Jefferson, Colorado 3 $ 337,000 $ 112,333 $ 71,000
Larimer, Colorado 3 $ 577,000 $ 192,333 $ 66,000
Cobb, Georgia 3 $ 430,000 $ 143,333 $ 81,000
Paulding, Georgia 3 $ 391,000 $ 130,333 $ 54,000
Ingham, Michigan 3 $ 223,000 $ 74,333 $ 53,000
Lincoln, New Mexico 3 $ 523,000 $ 174,333 $ 65,000
Sandoval, New Mexico 3 $ 366,000 $ 122,000 $ 88,000
Kittitas, Washington 3 $ 179,000 $ 59,666 $ 47,000
Whatcom, Washington 3 $ 503,000 $ 167,666 $ 52,000
Yakima, Washington 3 $ 263,000 $ 87,666 $ 64,000
Adams, Colorado 2 $ 323,000 $ 161,500 $ 73,000
Clear Creek, Colorado 2 $ 413,000 $ 206,500 $ 74,000
Denver, Colorado 2 $ 306,000 $ 153,000 $ 112,000
Weld, Colorado 2 $ 295,000 $ 147,500 $ 68,000
DeKalb, Georgia 2 $ 393,000 $ 196,500 $ 87,000
Forsyth, Georgia 2 $ 631,000 $ 315,500 $ 136,000
Bay, Michigan 2 $ 203,000 $ 101,500 $ 28,000
Charlevoix, Michigan 2 $ 208,000 $ 104,000 $ 69,000
Clinton, Michigan 2 $ 290,000 $ 145,000 $ 131,000
Genesee, Michigan 2 $ 291,000 $ 145,500 $ 36,000
Kalamazoo, Michigan 2 $ 274,000 $ 137,000 $ 59,000
Lenawee, Michigan 2 $ 271,000 $ 135,500 $ 98,000
Livingston, Michigan 2 $ 445,000 $ 222,500 $ 69,000
St. Joseph, Michigan 2 $ 215,000 $ 107,500 $ 60,000
Washtenaw, Michigan 2 $ 252,000 $ 126,000 $ 40,000
Wexford, Michigan 2 $ 269,000 $ 134,500 $ 54,000
Otero, New Mexico 2 $ 219,000 $ 109,500 $ 45,000
San Juan, New Mexico 2 $ 261,000 $ 130,500 $ 52,000
Socorro, New Mexico 2 $ 120,000 $ 60,000 $ 42,000
Lake, Oregon 2 $ 172,000 $ 86,000 $ 34,000
Asotin, Washington 2 $ 194,000 $ 97,000 $ 35,000
Benton, Washington 2 $ 187,000 $ 93,500 $ 40,000
Chelan, Washington 2 $ 262,000 $ 131,000 $ 69,000
Grays Harbor, Washington 2 $ 234,000 $ 117,000 $ 63,000
Island, Washington 2 $ 175,000 $ 87,500 $ 63,000
Inyo, California 1 $ 150,000 $ 150,000 $ 87,000
Mariposa, California 1 $ 230,000 $ 230,000 $ 92,000
Sierra, California 1 $ 82,000 $ 82,000 $ 74,000
Delta, Colorado 1 $ 126,000 $ 126,000 $ 66,000
Douglas, Colorado 1 $ 40,000 $ 40,000 $ 112,000
La Plata, Colorado 1 $ 124,000 $ 124,000 $ 62,000
Montrose, Colorado 1 $ 91,000 $ 91,000 $ 45,000
Prowers, Colorado 1 $ 92,000 $ 92,000 $ 91,000
Routt, Colorado 1 $ 230,000 $ 230,000 $ 72,000
Carroll, Georgia 1 $ 105,000 $ 105,000 $ 24,000
Clayton, Georgia 1 $ 102,000 $ 102,000 $ 30,000
Glynn, Georgia 1 $ 110,000 $ 110,000 $ 65,000
Pickens, Georgia 1 $ 143,000 $ 143,000 $ 52,000
Richmond, Georgia 1 $ 66,000 $ 66,000 $ 53,000
Rockdale, Georgia 1 $ 160,000 $ 160,000 $ 79,000
Spalding, Georgia 1 $ 139,000 $ 139,000 $ 58,000
Upson, Georgia 1 $ 168,000 $ 168,000 $ 100,000
Whitfield, Georgia 1 $ 90,000 $ 90,000 $ 27,000
Bingham, Idaho 1 $ 54,000 $ 54,000 $ 20,000
Blaine, Idaho 1 $ 277,000 $ 277,000 $ 19,000
Kootenai, Idaho 1 $ 84,000 $ 84,000 $ 46,000
Hamilton, Indiana 1 $ 154,000 $ 154,000 $ 63,000
Marion, Indiana 1 $ 35,000 $ 35,000 $ 75,000
Daviess, Kentucky 1 $ 87,000 $ 87,000 $ 19,000
Scott, Kentucky 1 $ 98,000 $ 98,000 $ 18,000
Alcona, Michigan 1 $ 168,000 $ 168,000 $ 70,000
Ionia, Michigan 1 $ 125,000 $ 125,000 $ 80,000
Jackson, Michigan 1 $ 158,000 $ 158,000 $ 41,000
Lapeer, Michigan 1 $ 110,000 $ 110,000 $ 50,000
Monroe, Michigan 1 $ 90,000 $ 90,000 $ 40,000
Muskegon, Michigan 1 $ 87,000 $ 87,000 $ 34,000
Oscoda, Michigan 1 $ 94,000 $ 94,000 $ 38,000
Ottawa, Michigan 1 $ 122,000 $ 122,000 $ 53,000
Roscommon, Michigan 1 $ 81,000 $ 81,000 $ 47,000
Shiawassee, Michigan 1 $ 117,000 $ 117,000 $ 62,000
St. Clair, Michigan 1 $ 140,000 $ 140,000 $ 110,000
Cascade, Montana 1 $ 56,000 $ 56,000 $ 46,000
Churchill, Nevada 1 $ 117,000 $ 117,000 $ 50,000
Humboldt, Nevada 1 $ 98,000 $ 98,000 $ 61,000
Lander, Nevada 1 $ 56,000 $ 56,000 $ 39,000
Mineral, Nevada 1 $ 58,000 $ 58,000 $ 46,000
Storey, Nevada 1 $ 159,000 $ 159,000 $ 43,000
Eddy, New Mexico 1 $ 100,000 $ 100,000 $ 18,000
Lea, New Mexico 1 $ 94,000 $ 94,000 $ 107,000
McKinley, New Mexico 1 $ 295,000 $ 295,000 $ 153,000
Clatsop, Oregon 1 $ 368,000 $ 368,000 $ 60,000
Columbia, Oregon 1 $ 139,000 $ 139,000 $ 84,000
Hood River, Oregon 1 $ 106,000 $ 106,000 $ 63,000
Umatilla, Oregon 1 $ 107,000 $ 107,000 $ 59,000
Union, Oregon 1 $ 95,000 $ 95,000 $ 70,000
Harris, Texas 1 $ 110,000 $ 110,000 $ 282,000
Washington, Utah 1 $ 200,000 $ 200,000 $ 48,000
Clallam, Washington 1 $ 130,000 $ 130,000 $ 52,000
Douglas, Washington 1 $ 39,000 $ 39,000 $ 20,000
Ferry, Washington 1 $ 71,000 $ 71,000 $ 90,000
Mason, Washington 1 $ 120,000 $ 120,000 $ 83,000
Okanogan, Washington 1 $ 136,000 $ 136,000 $ 47,000
Skagit, Washington 1 $ 135,000 $ 135,000 $ 70,000
Stevens, Washington 1 $ 89,000 $ 89,000 $ 51,000

Mortgage Loan Application Detail Totals for Gateway Business Bank in 2003

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 (home purchase or home improvement, one-to-four family) 6,814 $1,103,010,000 $133,214 $2,520,000 $74,000 $1,054,000
Home Purchase (one-to-four family) 3,394 $591,471,000 $165,333 $1,000,000 $85,555 $1,054,000
Multifamily dwelling (home purchase, home improvement, and refinancings) 0 $0 $0 $0 $0 $0
Home Improvement (one-to-four family) 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 5,612 $954,878,000 $130,750 $2,520,000 $86,916 $1,054,000
Information not provided by applicant in mail or telephone application 2,613 $424,139,000 $145,250 $1,238,000 $60,166 $547,000
Hispanic 1,383 $204,349,000 $103,833 $750,000 $49,666 $660,000
Asian or Pacific Islander 293 $59,700,000 $178,000 $1,000,000 $54,250 $921,000
Black 170 $29,483,000 $132,250 $464,000 $50,500 $300,000
Other 90 $15,712,000 $128,666 $580,000 $55,666 $450,000
American Indian or Alaskan Native 47 $6,220,000 $135,000 $310,000 $64,666 $261,000
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) 9,463 $1,593,486,000 $129,933 $2,520,000 $75,000 $1,054,000
FHA-insured (Federal Housing Administration) 618 $81,049,000 $135,000 $405,000 $29,333 $745,000
VA-guaranteed (Veterans Administration) 126 $19,771,000 $148,333 $245,000 $68,333 $117,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1 $175,000 $175,000 $175,000 $56,000 $56,000

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 7,351 $1,235,462,000 $126,818 $1,000,000 $68,454 $1,054,000
Application Withdrawn By Applicant 2,178 $354,761,000 $131,461 $2,520,000 $57,307 $921,000
Application Denied By Financial Institution 345 $48,926,000 $134,888 $699,000 $72,222 $282,000
Application Approved But Not Accepted 334 $55,332,000 $157,375 $740,000 $69,625 $408,000
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
Loan Purchased By The 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 Gateway Business Bank's 2003 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 Gateway Business Bank'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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