Guidance Financial Mortgage Lending & HMDA Data, 2007
In 2007, Guidance Financial of San Diego, CA reported 331 mortgage applications totaling $113.8 million. The average application was for $343,785, and applicants reported an average income of $54,407. 30% of its applications resulted in an originated loan and 41% were denied. Its largest markets were San Diego-Carlsbad-San Marcos, CA (281), Los Angeles-Long Beach-Glendale, CA (14) and Riverside-San Bernardino-Ontario, CA (9) (applications in parentheses).
| Mortgage Company & Address | Guidance Financial 9265 Activity Road San Diego, CA 92126 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 |
| Total Number of Mortgage Applications | 331 |
| Total Mortgage Loan Application Amount | $113,793,000 |
| Average Mortgage Loan Application Amount | $343,785 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $54,407 |
| Highest Applicant Income | $213,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Guidance Financial filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Guidance Financial 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 |
|---|---|---|---|---|---|---|
| Refinancing | 302 | $102,787,000 | $340,000 | $1,000,000 | $55,000 | $213,000 |
| Home Purchase | 18 | $7,013,000 | $389,000 | $635,000 | $49,000 | $204,000 |
| Home Improvement | 11 | $3,993,000 | $363,000 | $560,000 | $47,000 | $124,000 |
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 | 108 | $37,089,000 | $343,000 | $1,000,000 | $47,000 | $138,000 |
| White | 86 | $27,529,000 | $320,000 | $595,000 | $57,000 | $146,000 |
| Not Provided | 42 | $12,934,000 | $307,000 | $532,000 | $23,000 | $122,000 |
| Asian | 36 | $14,242,000 | $395,000 | $880,000 | $79,000 | $204,000 |
| Native Hawaiian or Other Pacific Islander | 33 | $12,909,000 | $391,000 | $849,000 | $78,000 | $213,000 |
| Black or African American | 23 | $7,991,000 | $347,000 | $500,000 | $64,000 | $102,000 |
| American Indian or Alaskan Native | 3 | $1,099,000 | $366,000 | $432,000 | $113,000 | $146,000 |
| 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) | 331 | $113,793,000 | $343,000 | $1,000,000 | $55,000 | $213,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 137 | $51,019,000 | $372,000 | $1,000,000 | $50,000 | $204,000 |
| Loan Originated | 100 | $32,060,000 | $320,000 | $849,000 | $68,000 | $213,000 |
| Application Withdrawn By Applicant | 85 | $27,901,000 | $328,000 | $650,000 | $46,000 | $163,000 |
| Application Approved But Not Accepted | 8 | $2,563,000 | $320,000 | $417,000 | $62,000 | $142,000 |
| Preapproval Denied by Financial Institution | 1 | $250,000 | $250,000 | $250,000 | $66,000 | $66,000 |
| 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 |
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 |
|---|---|---|---|---|---|---|
| Credit History | 32 | $11,727,000 | $366,000 | $1,000,000 | $29,000 | $90,000 |
| Collateral | 18 | $6,630,000 | $368,000 | $543,000 | $46,000 | $108,000 |
| Debt-To-Income Ratio | 6 | $2,183,000 | $363,000 | $500,000 | $48,000 | $116,000 |
| Other | 5 | $1,859,000 | $371,000 | $538,000 | $80,000 | $161,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 Guidance Financial'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 Guidance Financial'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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