Gold Reverse, Inc. Mortgage Lending & HMDA Data, 2004
In 2004, Gold Reverse, Inc. of Anaheim, CA reported 4,583 mortgage applications totaling $991.4 million, up 17% from 2003. The average application was for $216,322, and applicants reported an average income of $97,715. 41% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (1,389), Santa Ana-Anaheim-Irvine, CA (708) and Riverside-San Bernardino-Ontario, CA (613) (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 | 4,583 |
| Total Mortgage Loan Application Amount | $991,405,000 |
| Average Mortgage Loan Application Amount | $216,322 |
| Highest Mortgage Loan Application Amount | $9,500,000 |
| Average Applicant Income | $97,715 |
| Highest Applicant Income | $4,620,000 |
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Act (HMDA) records Gold Reverse, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Los Angeles-Long Beach-Glendale, CA | 1,389 | $ 332,474,000 | $ 239,362 | $ 89,000 |
| Santa Ana-Anaheim-Irvine, CA | 708 | $ 202,739,000 | $ 286,354 | $ 115,000 |
| Riverside-San Bernardino-Ontario, CA | 613 | $ 116,853,000 | $ 190,624 | $ 82,000 |
| Salt Lake City, UT | 251 | $ 38,480,000 | $ 153,306 | $ 54,000 |
| Oakland-Fremont-Hayward, CA | 223 | $ 44,860,000 | $ 201,165 | $ 114,000 |
| San Diego-Carlsbad-San Marcos, CA | 197 | $ 49,259,000 | $ 250,045 | $ 113,000 |
| Las Vegas-Paradise, NV | 145 | $ 24,559,000 | $ 169,372 | $ 82,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 100 | $ 16,160,000 | $ 161,600 | $ 101,000 |
| Denver-Aurora, CO | 70 | $ 9,388,000 | $ 134,114 | $ 76,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 68 | $ 14,866,000 | $ 218,617 | $ 109,000 |
| Phoenix-Mesa-Scottsdale, AZ | 67 | $ 6,891,000 | $ 102,850 | $ 71,000 |
| San Francisco-San Mateo-Redwood City, CA | 67 | $ 19,438,000 | $ 290,119 | $ 142,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 61 | $ 17,439,000 | $ 285,885 | $ 125,000 |
| Provo-Orem, UT | 56 | $ 7,635,000 | $ 136,339 | $ 32,000 |
| Fresno, CA | 50 | $ 6,599,000 | $ 131,980 | $ 111,000 |
| Ogden-Clearfield, UT | 47 | $ 6,019,000 | $ 128,063 | $ 31,000 |
| Visalia-Porterville, CA | 47 | $ 6,113,000 | $ 130,063 | $ 145,000 |
| Vallejo-Fairfield, CA | 33 | $ 5,415,000 | $ 164,090 | $ 96,000 |
| Bakersfield, CA | 32 | $ 3,056,000 | $ 95,500 | $ 63,000 |
| Santa Rosa-Petaluma, CA | 30 | $ 6,105,000 | $ 203,500 | $ 108,000 |
| Stockton, CA | 23 | $ 4,076,000 | $ 177,217 | $ 98,000 |
| Colorado Springs, CO | 21 | $ 1,939,000 | $ 92,333 | $ 92,000 |
| Modesto, CA | 21 | $ 3,318,000 | $ 158,000 | $ 163,000 |
| Reno-Sparks, NV | 20 | $ 2,487,000 | $ 124,350 | $ 34,000 |
| Idaho Falls, ID | 19 | $ 2,279,000 | $ 119,947 | $ 47,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 17 | $ 5,490,000 | $ 322,941 | $ 165,000 |
| Salinas, CA | 14 | $ 6,697,000 | $ 478,357 | $ 152,000 |
| St. Louis, MO-IL | 12 | $ 487,000 | $ 40,583 | $ 65,000 |
| St. George, UT | 9 | $ 1,116,000 | $ 124,000 | $ 71,000 |
| Yuba City, CA | 9 | $ 1,033,000 | $ 114,777 | $ 68,000 |
| Boise City-Nampa, ID | 7 | $ 709,000 | $ 101,285 | $ 56,000 |
| Merced, CA | 5 | $ 709,000 | $ 141,800 | $ 52,000 |
| Carson City, NV | 4 | $ 414,000 | $ 103,500 | $ 28,000 |
| Madera, CA | 4 | $ 687,000 | $ 171,750 | $ 84,000 |
| Seattle-Bellevue-Everett, WA | 4 | $ 553,000 | $ 138,250 | $ 62,000 |
| Chico, CA | 3 | $ 411,000 | $ 137,000 | $ 70,000 |
| Napa, CA | 3 | $ 1,019,000 | $ 339,666 | $ 46,000 |
| Portland-Vancouver-Beaverton, OR-WA | 3 | $ 277,000 | $ 92,333 | $ 61,000 |
| Prescott, AZ | 3 | $ 186,000 | $ 62,000 | $ 64,000 |
| Redding, CA | 3 | $ 1,154,000 | $ 384,666 | $ 180,000 |
| Boulder, CO | 2 | $ 296,000 | $ 148,000 | $ 41,000 |
| Grand Junction, CO | 2 | $ 107,000 | $ 53,500 | $ 105,000 |
| Hanford-Corcoran, CA | 2 | $ 274,000 | $ 137,000 | $ 207,000 |
| Kansas City, MO-KS | 2 | $ 135,000 | $ 67,500 | $ 117,000 |
| Pocatello, ID | 2 | $ 144,000 | $ 72,000 | $ 14,000 |
| Santa Cruz-Watsonville, CA | 2 | $ 425,000 | $ 212,500 | $ 81,000 |
| Tacoma, WA | 2 | $ 175,000 | $ 87,500 | $ 37,000 |
| Tucson, AZ | 2 | $ 132,000 | $ 66,000 | $ 214,000 |
| Coeur D'Alene, ID | 1 | $ 123,000 | $ 123,000 | $ 0 |
| Fort Collins-Loveland, CO | 1 | $ 136,000 | $ 136,000 | $ 0 |
| Logan, UT-ID | 1 | $ 163,000 | $ 163,000 | $ 0 |
| San Luis Obispo-Paso Robles, CA | 1 | $ 78,000 | $ 78,000 | $ 72,000 |
| Yuma, AZ | 1 | $ 107,000 | $ 107,000 | $ 102,000 |
Mortgage Loan Application Detail Totals for Gold Reverse, Inc. in 2004
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 | 3,144 | $642,982,000 | $129,222 | $9,500,000 | $63,777 | $4,620,000 |
| Refinancing | 1,439 | $348,423,000 | $148,555 | $5,000,000 | $68,444 | $1,440,000 |
| 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 | 2,206 | $486,464,000 | $132,555 | $5,000,000 | $78,111 | $3,825,000 |
| Hispanic | 963 | $191,893,000 | $123,166 | $1,970,000 | $42,666 | $4,620,000 |
| Not applicable | 797 | $183,556,000 | $160,444 | $9,500,000 | $59,444 | $1,132,000 |
| Black or African American | 297 | $55,976,000 | $103,833 | $1,397,000 | $74,333 | $660,000 |
| Asian | 273 | $63,855,000 | $149,200 | $1,836,000 | $81,600 | $840,000 |
| Not Provided | 42 | $9,152,000 | $171,500 | $836,000 | $65,500 | $252,000 |
| American Indian or Alaskan Native | 3 | $271,000 | $101,500 | $135,000 | $45,500 | $101,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $238,000 | $119,000 | $162,000 | $74,500 | $90,000 |
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) | 4,298 | $951,766,000 | $135,888 | $9,500,000 | $77,555 | $4,620,000 |
| FHA-insured (Federal Housing Administration) | 285 | $39,639,000 | $145,600 | $502,000 | $13,400 | $112,000 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 1,876 | $378,722,000 | $127,000 | $2,000,000 | $71,000 | $4,620,000 |
| Application Withdrawn By Applicant | 916 | $208,961,000 | $147,777 | $9,500,000 | $53,555 | $840,000 |
| Application Approved But Not Accepted | 906 | $192,756,000 | $130,142 | $4,000,000 | $88,000 | $3,000,000 |
| Application Denied By Financial Institution | 589 | $130,908,000 | $136,000 | $5,000,000 | $64,222 | $1,440,000 |
| File Closed For Incompleteness | 296 | $80,058,000 | $238,333 | $3,250,000 | $102,000 | $1,008,000 |
| 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 | 40 | $9,066,000 | $202,333 | $999,000 | $75,000 | $336,000 |
| Credit History | 30 | $4,931,000 | $124,833 | $551,000 | $61,666 | $245,000 |
| Other | 26 | $9,884,000 | $253,500 | $2,000,000 | $184,500 | $285,000 |
| Debt-To-Income Ratio | 19 | $3,507,000 | $187,500 | $400,000 | $68,000 | $190,000 |
| Unverifiable Information | 13 | $2,800,000 | $155,000 | $476,000 | $69,000 | $233,000 |
| Employment History | 6 | $1,164,000 | $160,500 | $402,000 | $49,000 | $93,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $3,770,000 | $3,770,000 | $3,770,000 | $593,000 | $593,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Gold Reverse, Inc.'s 2004 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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