Gnl. Inc. dba Freedom Mortgage Mortgage Lending & HMDA Data, 2005
In 2005, Gnl. Inc. dba Freedom Mortgage of National City, CA reported 286 mortgage applications totaling $61.1 million, down 49% from 2004. The average application was for $213,741, and applicants reported an average income of $77,038. 69% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (46), Las Vegas-Paradise, NV (39) and San Diego-Carlsbad-San Marcos, CA (35) (applications in parentheses).
| Mortgage Company & Address | Gnl. Inc. dba Freedom Mortgage 1727 Sweetwater Road Suite P National City, CA 91950 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2005 2004 |
| Total Number of Mortgage Applications | 286 |
| Total Mortgage Loan Application Amount | $61,130,000 |
| Average Mortgage Loan Application Amount | $213,741 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $77,038 |
| Highest Applicant Income | $420,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Gnl. Inc. dba Freedom Mortgage filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 46 | $ 8,682,000 | $ 188,739 | $ 70,000 |
| Las Vegas-Paradise, NV | 39 | $ 6,883,000 | $ 176,487 | $ 62,000 |
| San Diego-Carlsbad-San Marcos, CA | 35 | $ 9,791,000 | $ 279,742 | $ 95,000 |
| Tucson, AZ | 11 | $ 1,679,000 | $ 152,636 | $ 59,000 |
| Riverside-San Bernardino-Ontario, CA | 9 | $ 2,122,000 | $ 235,777 | $ 97,000 |
| Orlando, FL | 5 | $ 719,000 | $ 143,800 | $ 120,000 |
| Los Angeles-Long Beach-Glendale, CA | 4 | $ 1,084,000 | $ 271,000 | $ 63,000 |
| Port St. Lucie-Fort Pierce, FL | 4 | $ 965,000 | $ 241,250 | $ 84,000 |
| Tampa-St. Petersburg-Clearwater, FL | 4 | $ 951,000 | $ 237,750 | $ 64,000 |
| Bakersfield, CA | 3 | $ 370,000 | $ 123,333 | $ 65,000 |
| Dallas-Plano-Irving, TX | 3 | $ 728,000 | $ 242,666 | $ 72,000 |
| Denver-Aurora, CO | 3 | $ 435,000 | $ 145,000 | $ 53,000 |
| Fort Worth-Arlington, TX | 3 | $ 482,000 | $ 160,666 | $ 69,000 |
| Madera, CA | 3 | $ 357,000 | $ 119,000 | $ 48,000 |
| Yuma, AZ | 3 | $ 486,000 | $ 162,000 | $ 60,000 |
| Corpus Christi, TX | 2 | $ 305,000 | $ 152,500 | $ 50,000 |
| Houston-Baytown-Sugar Land, TX | 2 | $ 444,000 | $ 222,000 | $ 63,000 |
| Killeen-Temple-Fort Hood, TX | 2 | $ 211,000 | $ 105,500 | $ 53,000 |
| Oakland-Fremont-Hayward, CA | 2 | $ 1,128,000 | $ 564,000 | $ 86,000 |
| Omaha-Council Bluffs, NE-IA | 2 | $ 257,000 | $ 128,500 | $ 58,000 |
| Sarasota-Bradenton-Venice, FL | 2 | $ 1,080,000 | $ 540,000 | $ 231,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 2 | $ 499,000 | $ 249,500 | $ 105,000 |
| Abilene, TX | 1 | $ 163,000 | $ 163,000 | $ 67,000 |
| Ann Arbor, MI | 1 | $ 194,000 | $ 194,000 | $ 86,000 |
| Atlanta-Sandy Springs-Marietta, GA | 1 | $ 170,000 | $ 170,000 | $ 40,000 |
| Austin-Round Rock, TX | 1 | $ 192,000 | $ 192,000 | $ 68,000 |
| Baltimore-Towson, MD | 1 | $ 335,000 | $ 335,000 | $ 96,000 |
| Decatur, AL | 1 | $ 58,000 | $ 58,000 | $ 33,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 155,000 | $ 155,000 | $ 84,000 |
| El Centro, CA | 1 | $ 169,000 | $ 169,000 | $ 68,000 |
| El Paso, TX | 1 | $ 130,000 | $ 130,000 | $ 70,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 307,000 | $ 307,000 | $ 88,000 |
| Gary, IN | 1 | $ 150,000 | $ 150,000 | $ 54,000 |
| Indianapolis, IN | 1 | $ 123,000 | $ 123,000 | $ 38,000 |
| Jacksonville, FL | 1 | $ 141,000 | $ 141,000 | $ 47,000 |
| Lansing-East Lansing, MI | 1 | $ 187,000 | $ 187,000 | $ 60,000 |
| Lubbock, TX | 1 | $ 86,000 | $ 86,000 | $ 40,000 |
| Modesto, CA | 1 | $ 312,000 | $ 312,000 | $ 67,000 |
| Muncie, IN | 1 | $ 133,000 | $ 133,000 | $ 42,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 161,000 | $ 161,000 | $ 78,000 |
| Panama City-Lynn Haven, FL | 1 | $ 174,000 | $ 174,000 | $ 47,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 339,000 | $ 339,000 | $ 64,000 |
| Prescott, AZ | 1 | $ 340,000 | $ 340,000 | $ 30,000 |
| Pueblo, CO | 1 | $ 138,000 | $ 138,000 | $ 53,000 |
| Redding, CA | 1 | $ 225,000 | $ 225,000 | $ 55,000 |
| San Antonio, TX | 1 | $ 261,000 | $ 261,000 | $ 138,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 508,000 | $ 508,000 | $ 115,000 |
| San Luis Obispo-Paso Robles, CA | 1 | $ 333,000 | $ 333,000 | $ 179,000 |
| Santa Cruz-Watsonville, CA | 1 | $ 476,000 | $ 476,000 | $ 80,000 |
| Savannah, GA | 1 | $ 190,000 | $ 190,000 | $ 76,000 |
| Stockton, CA | 1 | $ 329,000 | $ 329,000 | $ 95,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 217,000 | $ 217,000 | $ 71,000 |
| Warner Robins, GA | 1 | $ 186,000 | $ 186,000 | $ 131,000 |
| Warren-Farmington Hills-Troy, MI | 1 | $ 215,000 | $ 215,000 | $ 78,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 1 | $ 327,000 | $ 327,000 | $ 110,000 |
| Yuba City, CA | 1 | $ 233,000 | $ 233,000 | $ 59,000 |
Mortgage Loan Application Detail Totals for Gnl. Inc. dba Freedom Mortgage 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 222 | $45,537,000 | $180,000 | $680,000 | $71,625 | $420,000 |
| Refinancing | 64 | $15,593,000 | $208,100 | $1,000,000 | $61,500 | $410,000 |
| 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 | 195 | $40,937,000 | $194,812 | $680,000 | $74,187 | $420,000 |
| Hispanic | 37 | $7,724,000 | $170,363 | $570,000 | $59,000 | $184,000 |
| Black or African American | 33 | $6,296,000 | $179,500 | $360,000 | $69,100 | $138,000 |
| Not Provided | 12 | $3,057,000 | $250,500 | $1,000,000 | $88,500 | $410,000 |
| Asian | 6 | $2,575,000 | $264,666 | $940,000 | $106,000 | $300,000 |
| American Indian or Alaskan Native | 2 | $315,000 | $157,500 | $174,000 | $60,000 | $73,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $226,000 | $226,000 | $226,000 | $55,000 | $55,000 |
| 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) | 175 | $38,608,000 | $190,571 | $1,000,000 | $69,357 | $420,000 |
| VA-guaranteed (Veterans Administration) | 111 | $22,522,000 | $192,500 | $360,000 | $69,428 | $189,000 |
| 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 | 197 | $40,865,000 | $198,200 | $1,000,000 | $78,933 | $420,000 |
| Application Withdrawn By Applicant | 70 | $16,312,000 | $196,454 | $940,000 | $63,000 | $281,000 |
| Application Denied By Financial Institution | 11 | $2,061,000 | $163,333 | $420,000 | $47,333 | $113,000 |
| Application Approved But Not Accepted | 8 | $1,892,000 | $227,500 | $680,000 | $91,000 | $162,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Other | 8 | $1,778,000 | $202,000 | $420,000 | $53,000 | $113,000 |
| Unverifiable Information | 1 | $133,000 | $133,000 | $133,000 | $42,000 | $42,000 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Gnl. Inc. dba Freedom Mortgage'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 Gnl. Inc. dba Freedom Mortgage'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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