Heritage Plaza Mortgage, Inc Mortgage Lending & HMDA Data, 2006
In 2006, Heritage Plaza Mortgage, Inc of Stockton, CA reported 3,574 mortgage applications totaling $1.0 billion, down 46% from 2005. The average application was for $283,937, and applicants reported an average income of $137,744. 25% of its applications resulted in an originated loan and 26% were denied. Its largest markets were Sacramento--Arden-Arcade--Roseville, CA (675), Oakland-Fremont-Hayward, CA (556) and Stockton, CA (407) (applications in parentheses).
| Mortgage Company & Address | Heritage Plaza Mortgage, Inc 5361 North Pershing Ave Stockton, CA 95207 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 3,574 |
| Total Mortgage Loan Application Amount | $1,014,793,000 |
| Average Mortgage Loan Application Amount | $283,937 |
| Highest Mortgage Loan Application Amount | $4,000,000 |
| Average Applicant Income | $137,744 |
| Highest Applicant Income | $2,722,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Heritage Plaza Mortgage, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Heritage Plaza Mortgage, Inc 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 | 1,912 | $577,191,000 | $301,000 | $2,400,000 | $141,000 | $2,400,000 |
| Home Purchase | 1,662 | $437,602,000 | $263,000 | $4,000,000 | $134,000 | $2,722,000 |
| 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 | 1,231 | $331,772,000 | $269,000 | $4,000,000 | $127,000 | $2,066,000 |
| Not Provided | 774 | $216,776,000 | $280,000 | $2,000,000 | $125,000 | $2,722,000 |
| White | 648 | $196,961,000 | $303,000 | $2,400,000 | $151,000 | $2,400,000 |
| Asian | 504 | $152,963,000 | $303,000 | $1,500,000 | $156,000 | $1,674,000 |
| Black or African American | 305 | $83,627,000 | $274,000 | $899,000 | $138,000 | $900,000 |
| Native Hawaiian or Other Pacific Islander | 99 | $29,478,000 | $297,000 | $1,323,000 | $195,000 | $842,000 |
| American Indian or Alaskan Native | 13 | $3,216,000 | $247,000 | $746,000 | $118,000 | $204,000 |
| 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) | 3,574 | $1,014,793,000 | $283,000 | $4,000,000 | $138,000 | $2,722,000 |
| 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 Approved But Not Accepted | 1,047 | $292,281,000 | $279,000 | $2,000,000 | $132,000 | $2,400,000 |
| Application Denied By Financial Institution | 916 | $262,756,000 | $286,000 | $2,400,000 | $142,000 | $1,674,000 |
| Loan Originated | 908 | $257,572,000 | $283,000 | $4,000,000 | $128,000 | $2,400,000 |
| File Closed For Incompleteness | 535 | $156,147,000 | $291,000 | $1,335,000 | $167,000 | $2,722,000 |
| Application Withdrawn By Applicant | 168 | $46,037,000 | $274,000 | $1,128,000 | $108,000 | $900,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 82 | $21,939,000 | $267,000 | $944,000 | $128,000 | $766,000 |
| Debt-To-Income Ratio | 25 | $7,751,000 | $310,000 | $1,120,000 | $127,000 | $305,000 |
| Collateral | 23 | $8,070,000 | $350,000 | $748,000 | $103,000 | $255,000 |
| Credit Application Incomplete | 17 | $5,823,000 | $342,000 | $680,000 | $107,000 | $191,000 |
| Employment History | 13 | $3,517,000 | $270,000 | $510,000 | $132,000 | $180,000 |
| Unverifiable Information | 12 | $2,897,000 | $241,000 | $445,000 | $114,000 | $190,000 |
| Other | 11 | $3,006,000 | $273,000 | $584,000 | $158,000 | $340,000 |
| 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 Heritage Plaza Mortgage, Inc'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 Heritage Plaza Mortgage, 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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