Hawthorne Savings Mortgage Lending & HMDA Data, 2003
In 2003, Hawthorne Savings of El Segundo, CA reported 1,352 mortgage applications totaling $1.3 billion. The average application was for $984,730, and applicants reported an average income of $250,421. 65% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Los Angeles-Long Beach, CA (831), Orange County, CA (214) and San Diego, CA (198) (applications in parentheses).
| Mortgage Company & Address | Hawthorne Savings 2381 Rosecrans Avenue El Segundo, CA 90245 |
| Federal Regulator | * available with data download |
| Years | 2003 |
| Total Number of Mortgage Applications | 1,352 |
| Total Mortgage Loan Application Amount | $1,331,355,000 |
| Average Mortgage Loan Application Amount | $984,730 |
| Highest Mortgage Loan Application Amount | $9,025,000 |
| Average Applicant Income | $250,421 |
| Highest Applicant Income | $8,072,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Hawthorne Savings filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| 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 | 831 | $ 689,956,000 | $ 830,271 | $ 226,000 |
| Orange, California | 214 | $ 259,125,000 | $ 1,210,864 | $ 412,000 |
| San Diego, California | 198 | $ 256,744,000 | $ 1,296,686 | $ 301,000 |
| Santa Barbara, California | 42 | $ 48,863,000 | $ 1,163,404 | $ 500,000 |
| Ventura, California | 26 | $ 35,622,000 | $ 1,370,076 | $ 367,000 |
| San Bernardino, California | 20 | $ 10,018,000 | $ 500,900 | $ 23,000 |
| Riverside, California | 6 | $ 12,730,000 | $ 2,121,666 | $ 0 |
| Kern, California | 4 | $ 1,195,000 | $ 298,750 | $ 0 |
| Alameda, California | 2 | $ 2,870,000 | $ 1,435,000 | $ 0 |
| Fresno, California | 1 | $ 130,000 | $ 130,000 | $ 185,000 |
| Marin, California | 1 | $ 1,425,000 | $ 1,425,000 | $ 840,000 |
| Merced, California | 1 | $ 499,000 | $ 499,000 | $ 0 |
| San Francisco, California | 1 | $ 830,000 | $ 830,000 | $ 0 |
| San Joaquin, California | 1 | $ 2,404,000 | $ 2,404,000 | $ 0 |
| San Luis Obispo, California | 1 | $ 3,000,000 | $ 3,000,000 | $ 0 |
| Santa Clara, California | 1 | $ 4,332,000 | $ 4,332,000 | $ 0 |
| Stanislaus, California | 1 | $ 338,000 | $ 338,000 | $ 0 |
| Yuba, California | 1 | $ 1,274,000 | $ 1,274,000 | $ 0 |
Mortgage Loan Application Detail Totals for Hawthorne Savings in 2003
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 |
|---|---|---|---|---|---|---|
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 485 | $415,059,000 | $855,000 | $9,025,000 | $0 | $0 |
| Home Purchase (one-to-four family) | 463 | $549,141,000 | $1,186,000 | $3,900,000 | $418,000 | $5,816,000 |
| Refinancing (home purchase or home improvement, one-to-four family) | 404 | $367,155,000 | $908,000 | $4,000,000 | $359,000 | $8,072,000 |
| Home Improvement (one-to-four family) | 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 | 747 | $792,817,000 | $1,061,000 | $4,000,000 | $337,000 | $8,072,000 |
| Not applicable | 224 | $269,280,000 | $1,202,000 | $9,025,000 | $189,000 | $4,809,000 |
| Hispanic | 108 | $47,781,000 | $442,000 | $3,000,000 | $274,000 | $5,816,000 |
| Information not provided by applicant in mail or telephone application | 87 | $92,344,000 | $1,061,000 | $6,030,000 | $268,000 | $1,500,000 |
| Asian or Pacific Islander | 72 | $66,063,000 | $917,000 | $3,000,000 | $318,000 | $1,776,000 |
| Black | 62 | $26,681,000 | $430,000 | $2,958,000 | $150,000 | $780,000 |
| Other | 49 | $33,395,000 | $681,000 | $2,500,000 | $288,000 | $1,379,000 |
| American Indian or Alaskan Native | 3 | $2,994,000 | $998,000 | $1,600,000 | $270,000 | $360,000 |
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) | 1,352 | $1,331,355,000 | $984,000 | $9,025,000 | $281,000 | $8,072,000 |
| 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 | 885 | $810,297,000 | $915,000 | $9,025,000 | $246,000 | $8,072,000 |
| Application Denied By Financial Institution | 298 | $340,737,000 | $1,143,000 | $3,548,000 | $350,000 | $4,589,000 |
| Application Withdrawn By Applicant | 48 | $46,437,000 | $967,000 | $6,816,000 | $193,000 | $1,776,000 |
| File Closed For Incompleteness | 43 | $51,226,000 | $1,191,000 | $4,000,000 | $221,000 | $2,579,000 |
| Loan Purchased By The Institution | 41 | $44,332,000 | $1,081,000 | $4,442,000 | $4,000 | $32,000 |
| Application Approved But Not Accepted | 37 | $38,326,000 | $1,035,000 | $2,500,000 | $348,000 | $1,478,000 |
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 | 98 | $107,780,000 | $1,099,000 | $3,000,000 | $307,000 | $4,589,000 |
| Other | 78 | $95,137,000 | $1,219,000 | $3,548,000 | $459,000 | $2,071,000 |
| Credit History | 61 | $69,443,000 | $1,138,000 | $2,500,000 | $401,000 | $1,200,000 |
| Debt-To-Income Ratio | 52 | $56,567,000 | $1,087,000 | $3,410,000 | $246,000 | $1,016,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $8,325,000 | $1,189,000 | $2,405,000 | $159,000 | $498,000 |
| Unverifiable Information | 2 | $3,485,000 | $1,742,000 | $1,860,000 | $576,000 | $612,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Hawthorne Savings's 2003 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 Hawthorne Savings'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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