Group 2000 Real Estate Service Mortgage Lending & HMDA Data, 2016

In 2016, Group 2000 Real Estate Service of Rancho Cucamonga, CA reported 185 mortgage applications totaling $50.0 million, down 24% from 2015. The average application was for $270,200, and applicants reported an average income of $129,945. 70% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Riverside-San Bernardino-Ontario, CA (138), Los Angeles-Long Beach-Glendale, CA (41) and Anaheim-Santa Ana-Irvine, CA (4) (applications in parentheses).

Mortgage Company & Address Group 2000 Real Estate Service
8010 Haven Ave
Rancho Cucamonga, CA 91730
Tel #: available with data download
Federal Regulator * available with data download
Years 2017  2016  2015  2014  2010  2009  
Total Number of Mortgage Applications 185
Total Mortgage Loan Application Amount $49,987,000
Average Mortgage Loan Application Amount $270,200
Highest Mortgage Loan Application Amount $928,000
Average Applicant Income $129,945
Highest Applicant Income $2,500,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Group 2000 Real Estate Service filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Group 2000 Real Estate Service in 2016

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 115 $30,921,000 $268,000 $560,000 $80,000 $1,000,000
Refinancing 70 $19,066,000 $272,000 $928,000 $212,000 $2,500,000
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
Hispanic 152 $39,999,000 $263,000 $560,000 $123,000 $1,500,000
White 17 $5,679,000 $334,000 $928,000 $86,000 $205,000
Black or African American 13 $3,441,000 $264,000 $363,000 $90,000 $225,000
Asian 2 $628,000 $314,000 $432,000 $1,340,000 $2,500,000
Native Hawaiin or Other Pacific Islander 1 $240,000 $240,000 $240,000 $65,000 $65,000
Not applicable 0 $0 $0 $0 $0 $0
Not Provided 0 $0 $0 $0 $0 $0
American Indian or Alaskan Native 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
FHA-insured (Federal Housing Administration) 100 $27,529,000 $275,000 $560,000 $171,000 $2,500,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 75 $19,170,000 $255,000 $928,000 $79,000 $205,000
VA-guaranteed (Veterans Administration) 9 $3,138,000 $348,000 $558,000 $101,000 $225,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1 $150,000 $150,000 $150,000 $60,000 $60,000

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 130 $35,292,000 $271,000 $558,000 $125,000 $1,500,000
Application Withdrawn By Applicant 48 $13,057,000 $272,000 $928,000 $150,000 $2,500,000
File Closed For Incompleteness 5 $1,095,000 $219,000 $417,000 $78,000 $138,000
Application Denied By Financial Institution 2 $543,000 $271,000 $323,000 $72,000 $88,000
Application Approved But Not Accepted 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
Debt-To-Income Ratio 1 $323,000 $323,000 $323,000 $88,000 $88,000
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
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Group 2000 Real Estate Service's 2016 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 Group 2000 Real Estate Service'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.
For a list of all lenders in California, download the full spreadsheet with aggregated HMDA statistics today.

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