Great Western Financial Group Mortgage Lending & HMDA Data, 2006
In 2006, Great Western Financial Group of Murrieta, CA reported 194 mortgage applications totaling $57.6 million, up 81% from 2005. The average application was for $296,768, and applicants reported an average income of $151,731. 91% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Riverside-San Bernardino-Ontario, CA (64), Los Angeles-Long Beach-Glendale, CA (21) and Phoenix-Mesa-Scottsdale, AZ (21) (applications in parentheses).
| Mortgage Company & Address | Great Western Financial Group 41391 Kalmia Street, Suite 300 Murrieta, CA 92562 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 2005 |
| Total Number of Mortgage Applications | 194 |
| Total Mortgage Loan Application Amount | $57,573,000 |
| Average Mortgage Loan Application Amount | $296,768 |
| Highest Mortgage Loan Application Amount | $1,300,000 |
| Average Applicant Income | $151,731 |
| Highest Applicant Income | $840,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Great Western Financial Group filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Great Western Financial Group in 2006
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 | 126 | $36,772,000 | $291,000 | $1,134,000 | $130,000 | $450,000 |
| Home Purchase | 68 | $20,801,000 | $305,000 | $1,300,000 | $192,000 | $840,000 |
| 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 | 102 | $32,098,000 | $314,000 | $1,134,000 | $179,000 | $840,000 |
| Not Provided | 41 | $12,673,000 | $309,000 | $1,300,000 | $128,000 | $420,000 |
| Hispanic | 33 | $7,796,000 | $236,000 | $536,000 | $117,000 | $240,000 |
| Black or African American | 14 | $4,237,000 | $302,000 | $672,000 | $109,000 | $198,000 |
| Asian | 4 | $769,000 | $192,000 | $385,000 | $143,000 | $222,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 194 | $57,573,000 | $296,000 | $1,300,000 | $152,000 | $840,000 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 176 | $51,944,000 | $295,000 | $1,134,000 | $157,000 | $840,000 |
| Application Withdrawn By Applicant | 13 | $4,279,000 | $329,000 | $1,300,000 | $95,000 | $420,000 |
| Application Denied By Financial Institution | 4 | $1,282,000 | $320,000 | $536,000 | $145,000 | $240,000 |
| Preapproval Denied by Financial Institution | 1 | $68,000 | $68,000 | $68,000 | $26,000 | $26,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 2 | $608,000 | $304,000 | $536,000 | $240,000 | $240,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $411,000 | $411,000 | $411,000 | $102,000 | $102,000 |
| Credit History | 1 | $263,000 | $263,000 | $263,000 | $0 | $0 |
| Debt-To-Income Ratio | 1 | $68,000 | $68,000 | $68,000 | $26,000 | $26,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Great Western Financial Group's 2006 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 Great Western Financial Group'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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with aggregated HMDA statistics today.
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