Gold Reverse, Inc. Mortgage Lending & HMDA Data, 2007

In 2007, Gold Reverse, Inc. of Anaheim, CA reported 3,067 mortgage applications totaling $859.9 million, down 32% from 2006. The average application was for $280,363, and applicants reported an average income of $123,695. 19% of its applications resulted in an originated loan and 52% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (653), Riverside-San Bernardino-Ontario, CA (451) and Santa Ana-Anaheim-Irvine, CA (245) (applications in parentheses).

Mortgage Company & Address Gold Reverse, Inc.
2099 South State College Blvd #600
Anaheim, CA 92806
Tel #: available with data download
Federal Regulator * available with data download
Years 2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 3,067
Total Mortgage Loan Application Amount $859,876,000
Average Mortgage Loan Application Amount $280,363
Highest Mortgage Loan Application Amount $3,657,000
Average Applicant Income $123,695
Highest Applicant Income $5,400,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Gold Reverse, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for Gold Reverse, Inc. by County in 2007

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Los Angeles, California 653 $ 211,995,000 $ 324,647 $ 132,000
Riverside, California 261 $ 68,032,000 $ 260,659 $ 116,000
Orange, California 245 $ 90,532,000 $ 369,518 $ 159,000
Clark, Nevada 220 $ 55,447,000 $ 252,031 $ 135,000
San Diego, California 196 $ 57,521,000 $ 293,474 $ 148,000
San Bernardino, California 190 $ 43,287,000 $ 227,826 $ 105,000
Maricopa, Arizona 92 $ 30,428,000 $ 330,739 $ 178,000
Sacramento, California 91 $ 18,936,000 $ 208,087 $ 115,000
Salt Lake, Utah 50 $ 12,853,000 $ 257,060 $ 116,000
Alameda, California 48 $ 17,437,000 $ 363,270 $ 197,000
Santa Clara, California 44 $ 17,371,000 $ 394,795 $ 185,000
Contra Costa, California 42 $ 14,787,000 $ 352,071 $ 136,000
Kern, California 40 $ 7,843,000 $ 196,075 $ 87,000
Miami-Dade, Florida 40 $ 8,747,000 $ 218,675 $ 38,000
Fresno, California 32 $ 6,566,000 $ 205,187 $ 73,000
Ventura, California 32 $ 11,667,000 $ 364,593 $ 223,000
San Joaquin, California 30 $ 9,131,000 $ 304,366 $ 101,000
Pima, Arizona 25 $ 4,660,000 $ 186,400 $ 58,000
Placer, California 22 $ 6,682,000 $ 303,727 $ 110,000
Stanislaus, California 22 $ 6,155,000 $ 279,772 $ 189,000
Solano, California 21 $ 7,242,000 $ 344,857 $ 89,000
Utah, Utah 21 $ 3,999,000 $ 190,428 $ 84,000
King, Washington 19 $ 3,835,000 $ 201,842 $ 73,000
Mesa, Colorado 17 $ 4,798,000 $ 282,235 $ 55,000
Arapahoe, Colorado 15 $ 2,526,000 $ 168,400 $ 108,000
San Mateo, California 14 $ 5,509,000 $ 393,500 $ 140,000
Tulare, California 14 $ 2,216,000 $ 158,285 $ 87,000
Denver, Colorado 14 $ 2,179,000 $ 155,642 $ 119,000
Pierce, Washington 14 $ 3,140,000 $ 224,285 $ 99,000
Broward, Florida 13 $ 3,287,000 $ 252,846 $ 38,000
Madera, California 12 $ 2,911,000 $ 242,583 $ 49,000
Monterey, California 12 $ 4,336,000 $ 361,333 $ 143,000
Pinal, Arizona 11 $ 2,308,000 $ 209,818 $ 154,000
St. Louis City, Missouri 11 $ 989,000 $ 89,909 $ 102,000
El Dorado, California 10 $ 2,603,000 $ 260,300 $ 28,000
Santa Barbara, California 10 $ 6,178,000 $ 617,800 $ 489,000
Adams, Colorado 10 $ 1,443,000 $ 144,300 $ 94,000
Bernalillo, New Mexico 10 $ 3,170,000 $ 317,000 $ 133,000
Mohave, Arizona 9 $ 1,563,000 $ 173,666 $ 94,000
Merced, California 9 $ 1,527,000 $ 169,666 $ 123,000
Napa, California 9 $ 2,945,000 $ 327,222 $ 60,000
Weld, Colorado 9 $ 3,788,000 $ 420,888 $ 117,000
Washington, Utah 9 $ 4,434,000 $ 492,666 $ 39,000
Weber, Utah 9 $ 1,504,000 $ 167,111 $ 90,000
Sutter, California 8 $ 1,228,000 $ 153,500 $ 93,000
Yuba, California 8 $ 883,000 $ 110,375 $ 53,000
Jefferson, Colorado 8 $ 1,269,000 $ 158,625 $ 194,000
Orange, Florida 8 $ 1,716,000 $ 214,500 $ 60,000
Palm Beach, Florida 8 $ 1,376,000 $ 172,000 $ 34,000
San Francisco, California 7 $ 4,022,000 $ 574,571 $ 148,000
Jackson, Missouri 7 $ 835,000 $ 119,285 $ 93,000
Multnomah, Oregon 7 $ 1,208,000 $ 172,571 $ 37,000
Sonoma, California 6 $ 1,900,000 $ 316,666 $ 40,000
Douglas, Colorado 6 $ 3,715,000 $ 619,166 $ 357,000
Pinellas, Florida 6 $ 901,000 $ 150,166 $ 18,000
Lane, Oregon 6 $ 829,000 $ 138,166 $ 20,000
Marion, Oregon 6 $ 1,013,000 $ 168,833 $ 94,000
Davis, Utah 6 $ 622,000 $ 103,666 $ 65,000
Butte, California 5 $ 875,000 $ 175,000 $ 59,000
San Luis Obispo, California 5 $ 1,399,000 $ 279,800 $ 96,000
Shasta, California 5 $ 1,318,000 $ 263,600 $ 86,000
Tehama, California 5 $ 1,151,000 $ 230,200 $ 60,000
Duval, Florida 5 $ 673,000 $ 134,600 $ 48,000
Marion, Florida 5 $ 706,000 $ 141,200 $ 0
Pasco, Florida 5 $ 629,000 $ 125,800 $ 0
Kootenai, Idaho 5 $ 1,082,000 $ 216,400 $ 30,000
St. Louis, Missouri 5 $ 441,000 $ 88,200 $ 73,000
Thurston, Washington 5 $ 691,000 $ 138,200 $ 70,000
Yavapai, Arizona 4 $ 2,214,000 $ 553,500 $ 99,000
Calaveras, California 4 $ 896,000 $ 224,000 $ 32,000
Imperial, California 4 $ 621,000 $ 155,250 $ 47,000
Kings, California 4 $ 590,000 $ 147,500 $ 90,000
Lake, California 4 $ 323,000 $ 80,750 $ 73,000
Nevada, California 4 $ 1,374,000 $ 343,500 $ 72,000
Yolo, California 4 $ 710,000 $ 177,500 $ 100,000
Boulder, Colorado 4 $ 924,000 $ 231,000 $ 134,000
El Paso, Colorado 4 $ 338,000 $ 84,500 $ 50,000
Fairfield, Connecticut 4 $ 1,636,000 $ 409,000 $ 47,000
Collier, Florida 4 $ 1,142,000 $ 285,500 $ 93,000
Manatee, Florida 4 $ 723,000 $ 180,750 $ 0
Osceola, Florida 4 $ 824,000 $ 206,000 $ 38,000
Sarasota, Florida 4 $ 739,000 $ 184,750 $ 0
Seminole, Florida 4 $ 1,116,000 $ 279,000 $ 27,000
Sunflower, Mississippi 4 $ 315,000 $ 78,750 $ 195,000
Nye, Nevada 4 $ 728,000 $ 182,000 $ 74,000
Dona Ana, New Mexico 4 $ 392,000 $ 98,000 $ 180,000
Deschutes, Oregon 4 $ 857,000 $ 214,250 $ 88,000
Linn, Oregon 4 $ 495,000 $ 123,750 $ 47,000
Washington, Oregon 4 $ 1,034,000 $ 258,500 $ 184,000
Snohomish, Washington 4 $ 1,334,000 $ 333,500 $ 21,000
Santa Cruz, California 3 $ 893,000 $ 297,666 $ 486,000
Clay, Florida 3 $ 544,000 $ 181,333 $ 100,000
Polk, Florida 3 $ 437,000 $ 145,666 $ 9,000
Volusia, Florida 3 $ 310,000 $ 103,333 $ 6,000
Ada, Idaho 3 $ 381,000 $ 127,000 $ 0
Canyon, Idaho 3 $ 362,000 $ 120,666 $ 53,000
Worcester, Massachusetts 3 $ 462,000 $ 154,000 $ 0
DeSoto, Mississippi 3 $ 338,000 $ 112,666 $ 142,000
Washoe, Nevada 3 $ 523,000 $ 174,333 $ 60,000
Sandoval, New Mexico 3 $ 955,000 $ 318,333 $ 159,000
Santa Fe, New Mexico 3 $ 859,000 $ 286,333 $ 0
Chelan, Washington 3 $ 278,000 $ 92,666 $ 45,000
Lewis, Washington 3 $ 399,000 $ 133,000 $ 140,000
Cochise, Arizona 2 $ 191,000 $ 95,500 $ 0
Marin, California 2 $ 1,700,000 $ 850,000 $ 367,000
Mariposa, California 2 $ 585,000 $ 292,500 $ 162,000
Broomfield, Colorado 2 $ 238,000 $ 119,000 $ 52,000
Garfield, Colorado 2 $ 228,000 $ 114,000 $ 67,000
Larimer, Colorado 2 $ 345,000 $ 172,500 $ 67,000
Routt, Colorado 2 $ 441,000 $ 220,500 $ 137,000
Summit, Colorado 2 $ 950,000 $ 475,000 $ 762,000
Hartford, Connecticut 2 $ 348,000 $ 174,000 $ 38,000
Brevard, Florida 2 $ 268,000 $ 134,000 $ 0
Bingham, Idaho 2 $ 197,000 $ 98,500 $ 0
Gem, Idaho 2 $ 450,000 $ 225,000 $ 19,000
Jefferson, Idaho 2 $ 311,000 $ 155,500 $ 78,000
Bristol, Massachusetts 2 $ 535,000 $ 267,500 $ 192,000
Buchanan, Missouri 2 $ 146,000 $ 73,000 $ 54,000
Cass, Missouri 2 $ 308,000 $ 154,000 $ 289,000
Greene, Missouri 2 $ 651,000 $ 325,500 $ 0
Jefferson, Missouri 2 $ 476,000 $ 238,000 $ 0
Polk, Oregon 2 $ 316,000 $ 158,000 $ 67,000
Summit, Utah 2 $ 1,295,000 $ 647,500 $ 0
Clark, Washington 2 $ 338,000 $ 169,000 $ 143,000
Douglas, Washington 2 $ 160,000 $ 80,000 $ 42,000
Mason, Washington 2 $ 292,000 $ 146,000 $ 0
Amador, California 1 $ 258,000 $ 258,000 $ 92,000
Del Norte, California 1 $ 69,000 $ 69,000 $ 0
Siskiyou, California 1 $ 205,000 $ 205,000 $ 90,000
Fremont, Colorado 1 $ 89,000 $ 89,000 $ 0
Moffat, Colorado 1 $ 117,000 $ 117,000 $ 0
Park, Colorado 1 $ 109,000 $ 109,000 $ 51,000
Pueblo, Colorado 1 $ 120,000 $ 120,000 $ 190,000
New Haven, Connecticut 1 $ 244,000 $ 244,000 $ 157,000
Citrus, Florida 1 $ 128,000 $ 128,000 $ 0
Gulf, Florida 1 $ 126,000 $ 126,000 $ 0
Hernando, Florida 1 $ 109,000 $ 109,000 $ 0
Highlands, Florida 1 $ 80,000 $ 80,000 $ 51,000
Hillsborough, Florida 1 $ 120,000 $ 120,000 $ 0
Indian River, Florida 1 $ 525,000 $ 525,000 $ 0
Lee, Florida 1 $ 192,000 $ 192,000 $ 0
Nassau, Florida 1 $ 229,000 $ 229,000 $ 0
Okaloosa, Florida 1 $ 171,000 $ 171,000 $ 0
Putnam, Florida 1 $ 115,000 $ 115,000 $ 0
Bonneville, Idaho 1 $ 134,000 $ 134,000 $ 0
Owyhee, Idaho 1 $ 253,000 $ 253,000 $ 96,000
Essex, Massachusetts 1 $ 231,000 $ 231,000 $ 0
Isanti, Minnesota 1 $ 195,000 $ 195,000 $ 47,000
Lafayette, Mississippi 1 $ 94,000 $ 94,000 $ 102,000
Lee, Mississippi 1 $ 124,000 $ 124,000 $ 0
Marshall, Mississippi 1 $ 164,000 $ 164,000 $ 89,000
Gentry, Missouri 1 $ 76,000 $ 76,000 $ 34,000
St. Charles, Missouri 1 $ 154,000 $ 154,000 $ 56,000
Sullivan, Missouri 1 $ 55,000 $ 55,000 $ 0
Lincoln, Nevada 1 $ 143,000 $ 143,000 $ 96,000
Catron, New Mexico 1 $ 153,000 $ 153,000 $ 0
Lea, New Mexico 1 $ 419,000 $ 419,000 $ 0
Otero, New Mexico 1 $ 128,000 $ 128,000 $ 0
San Miguel, New Mexico 1 $ 149,000 $ 149,000 $ 107,000
Sierra, New Mexico 1 $ 150,000 $ 150,000 $ 0
Taos, New Mexico 1 $ 615,000 $ 615,000 $ 246,000
Valencia, New Mexico 1 $ 87,000 $ 87,000 $ 0
Benton, Oregon 1 $ 166,000 $ 166,000 $ 274,000
Jackson, Oregon 1 $ 221,000 $ 221,000 $ 24,000
Klamath, Oregon 1 $ 71,000 $ 71,000 $ 0
Lincoln, Oregon 1 $ 132,000 $ 132,000 $ 0
Umatilla, Oregon 1 $ 218,000 $ 218,000 $ 198,000
Knox, Tennessee 1 $ 64,000 $ 64,000 $ 0
Cache, Utah 1 $ 116,000 $ 116,000 $ 236,000
Grand, Utah 1 $ 116,000 $ 116,000 $ 0
Tooele, Utah 1 $ 114,000 $ 114,000 $ 0
Uintah, Utah 1 $ 103,000 $ 103,000 $ 0
James City, Virginia 1 $ 252,000 $ 252,000 $ 0
Franklin, Washington 1 $ 134,000 $ 134,000 $ 76,000
Kittitas, Washington 1 $ 89,000 $ 89,000 $ 45,000
Lincoln, Washington 1 $ 119,000 $ 119,000 $ 0
Spokane, Washington 1 $ 153,000 $ 153,000 $ 0
Wahkiakum, Washington 1 $ 350,000 $ 350,000 $ 0
Whatcom, Washington 1 $ 114,000 $ 114,000 $ 94,000

Mortgage Loan Application Detail Totals for Gold Reverse, 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
Home Purchase 1,696 $464,586,000 $273,000 $1,500,000 $138,000 $1,008,000
Refinancing 1,371 $395,290,000 $288,000 $3,657,000 $106,000 $5,400,000
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 1,359 $395,546,000 $291,000 $3,500,000 $139,000 $5,400,000
Hispanic 960 $254,853,000 $265,000 $2,000,000 $106,000 $1,314,000
Black or African American 317 $87,431,000 $275,000 $1,200,000 $126,000 $1,110,000
Asian 191 $53,872,000 $282,000 $1,163,000 $132,000 $1,008,000
Not Provided 175 $50,990,000 $291,000 $3,657,000 $87,000 $1,164,000
Native Hawaiian or Other Pacific Islander 50 $14,044,000 $280,000 $990,000 $121,000 $459,000
American Indian or Alaskan Native 15 $3,140,000 $209,000 $576,000 $90,000 $183,000
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) 2,766 $804,446,000 $290,000 $3,657,000 $137,000 $5,400,000
FHA-insured (Federal Housing Administration) 301 $55,430,000 $184,000 $378,000 $3,000 $62,000
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 1,580 $450,930,000 $285,000 $1,500,000 $139,000 $1,110,000
Loan Originated 588 $144,302,000 $245,000 $998,000 $72,000 $1,314,000
Application Approved But Not Accepted 545 $156,578,000 $287,000 $3,500,000 $131,000 $5,400,000
Application Withdrawn By Applicant 200 $62,022,000 $310,000 $3,657,000 $124,000 $2,100,000
File Closed For Incompleteness 153 $45,904,000 $300,000 $1,820,000 $141,000 $866,000
Preapproval Approved but not Accepted 1 $140,000 $140,000 $140,000 $0 $0
Preapproval Denied by Financial Institution 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
Other 851 $245,385,000 $288,000 $1,500,000 $149,000 $1,110,000
Unverifiable Information 243 $74,114,000 $304,000 $1,106,000 $137,000 $729,000
Credit History 211 $54,127,000 $256,000 $1,500,000 $123,000 $776,000
Collateral 94 $24,055,000 $255,000 $990,000 $123,000 $738,000
Debt-To-Income Ratio 76 $20,733,000 $272,000 $959,000 $118,000 $402,000
Insufficient Cash (Downpayment, Closing Cost) 74 $24,900,000 $336,000 $1,369,000 $130,000 $390,000
Employment History 18 $4,278,000 $237,000 $568,000 $89,000 $218,000
Mortgage Insurance Denied 1 $367,000 $367,000 $367,000 $108,000 $108,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Gold Reverse, 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 Gold Reverse, 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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