Horizon Direct, Inc Mortgage Lending & HMDA Data, 2006
In 2006, Horizon Direct, Inc of Agoura Hills, CA reported 2,276 mortgage applications totaling $923.9 million, up 75% from 2005. The average application was for $405,926, and applicants reported an average income of $188,072. 40% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (198), Riverside-San Bernardino-Ontario, CA (179) and Oxnard-Thousand Oaks-Ventura, CA (93) (applications in parentheses).
| Mortgage Company & Address | Horizon Direct, Inc 30101 Agoura Court Suite 102 Agoura Hills, CA 91301 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 |
| Total Number of Mortgage Applications | 2,276 |
| Total Mortgage Loan Application Amount | $923,889,000 |
| Average Mortgage Loan Application Amount | $405,926 |
| Highest Mortgage Loan Application Amount | $6,435,000 |
| Average Applicant Income | $188,072 |
| Highest Applicant Income | $4,440,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Horizon Direct, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Los Angeles-Long Beach-Glendale, CA | 198 | $ 95,906,000 | $ 484,373 | $ 194,000 |
| Riverside-San Bernardino-Ontario, CA | 179 | $ 51,708,000 | $ 288,871 | $ 117,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 93 | $ 41,831,000 | $ 449,795 | $ 222,000 |
| San Diego-Carlsbad-San Marcos, CA | 28 | $ 13,293,000 | $ 474,750 | $ 281,000 |
| Santa Barbara-Santa Maria, CA | 25 | $ 20,089,000 | $ 803,560 | $ 337,000 |
| Santa Ana-Anaheim-Irvine, CA | 24 | $ 14,665,000 | $ 611,041 | $ 197,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 16 | $ 4,262,000 | $ 266,375 | $ 98,000 |
| Bakersfield, CA | 11 | $ 3,281,000 | $ 298,272 | $ 109,000 |
| Denver-Aurora, CO | 11 | $ 3,250,000 | $ 295,454 | $ 159,000 |
| Santa Rosa-Petaluma, CA | 10 | $ 4,453,000 | $ 445,300 | $ 172,000 |
| Oakland-Fremont-Hayward, CA | 9 | $ 4,174,000 | $ 463,777 | $ 177,000 |
| Vallejo-Fairfield, CA | 9 | $ 4,641,000 | $ 515,666 | $ 109,000 |
| Orlando-Kissimmee, FL | 8 | $ 1,767,000 | $ 220,875 | $ 206,000 |
| Cape Coral-Fort Myers, FL | 7 | $ 1,963,000 | $ 280,428 | $ 177,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 7 | $ 4,085,000 | $ 583,571 | $ 225,000 |
| St. Louis, MO-IL | 7 | $ 1,731,000 | $ 247,285 | $ 113,000 |
| Kansas City, MO-KS | 6 | $ 627,000 | $ 104,500 | $ 100,000 |
| Modesto, CA | 6 | $ 1,706,000 | $ 284,333 | $ 151,000 |
| San Luis Obispo-Paso Robles, CA | 6 | $ 2,078,000 | $ 346,333 | $ 156,000 |
| Tampa-St. Petersburg-Clearwater, FL | 6 | $ 2,272,000 | $ 378,666 | $ 156,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 5 | $ 1,114,000 | $ 222,800 | $ 99,000 |
| Fresno, CA | 4 | $ 867,000 | $ 216,750 | $ 79,000 |
| San Francisco-San Mateo-Redwood City, CA | 4 | $ 8,620,000 | $ 2,155,000 | $ 482,000 |
| Stockton, CA | 4 | $ 939,000 | $ 234,750 | $ 87,000 |
| Visalia-Porterville, CA | 4 | $ 896,000 | $ 224,000 | $ 108,000 |
| El Centro, CA | 3 | $ 632,000 | $ 210,666 | $ 83,000 |
| Madera, CA | 3 | $ 655,000 | $ 218,333 | $ 84,000 |
| Merced, CA | 3 | $ 767,000 | $ 255,666 | $ 30,000 |
| Salinas, CA | 3 | $ 2,430,000 | $ 810,000 | $ 240,000 |
| Bremerton-Silverdale, WA | 2 | $ 270,000 | $ 135,000 | $ 94,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 1,378,000 | $ 689,000 | $ 1,195,000 |
| Honolulu, HI | 2 | $ 2,615,000 | $ 1,307,500 | $ 504,000 |
| Palm Bay-Melbourne-Titusville, FL | 2 | $ 186,000 | $ 93,000 | $ 42,000 |
| Portland-Vancouver-Beaverton, OR-WA | 2 | $ 404,000 | $ 202,000 | $ 145,000 |
| Seattle-Bellevue-Everett, WA | 2 | $ 987,000 | $ 493,500 | $ 169,000 |
| Baltimore-Towson, MD | 1 | $ 513,000 | $ 513,000 | $ 144,000 |
| Fort Collins-Loveland, CO | 1 | $ 102,000 | $ 102,000 | $ 0 |
| Joplin, MO | 1 | $ 63,000 | $ 63,000 | $ 20,000 |
| Lewiston, ID-WA | 1 | $ 220,000 | $ 220,000 | $ 52,000 |
| Pueblo, CO | 1 | $ 134,000 | $ 134,000 | $ 91,000 |
| Sarasota-Bradenton-Venice, FL | 1 | $ 650,000 | $ 650,000 | $ 318,000 |
| Yuma, AZ | 1 | $ 240,000 | $ 240,000 | $ 72,000 |
Mortgage Loan Application Detail Totals for Horizon Direct, 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 | 1,454 | $654,594,000 | $450,000 | $6,000,000 | $191,000 | $4,440,000 |
| Home Purchase | 821 | $269,119,000 | $327,000 | $6,435,000 | $183,000 | $2,040,000 |
| Home Improvement | 1 | $176,000 | $176,000 | $176,000 | $96,000 | $96,000 |
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 | 838 | $250,240,000 | $298,000 | $4,500,000 | $128,000 | $2,114,000 |
| White | 798 | $415,304,000 | $520,000 | $6,435,000 | $249,000 | $4,440,000 |
| Not Provided | 348 | $153,607,000 | $441,000 | $5,690,000 | $184,000 | $1,620,000 |
| Black or African American | 175 | $57,988,000 | $331,000 | $2,000,000 | $196,000 | $3,475,000 |
| Asian | 85 | $31,570,000 | $371,000 | $3,500,000 | $173,000 | $1,083,000 |
| Native Hawaiian or Other Pacific Islander | 25 | $10,761,000 | $430,000 | $920,000 | $211,000 | $372,000 |
| American Indian or Alaskan Native | 7 | $4,419,000 | $631,000 | $2,220,000 | $474,000 | $1,980,000 |
| 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) | 2,276 | $923,889,000 | $405,000 | $6,435,000 | $188,000 | $4,440,000 |
| 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 | 921 | $392,922,000 | $426,000 | $5,325,000 | $196,000 | $3,475,000 |
| Application Withdrawn By Applicant | 614 | $251,107,000 | $408,000 | $6,435,000 | $197,000 | $4,440,000 |
| File Closed For Incompleteness | 284 | $100,743,000 | $354,000 | $3,500,000 | $185,000 | $2,114,000 |
| Application Approved But Not Accepted | 272 | $122,164,000 | $449,000 | $5,690,000 | $173,000 | $1,776,000 |
| Application Denied By Financial Institution | 162 | $49,289,000 | $304,000 | $1,238,000 | $147,000 | $636,000 |
| Loan Purchased By The Institution | 23 | $7,664,000 | $333,000 | $1,245,000 | $119,000 | $335,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 17 | $6,003,000 | $353,000 | $1,088,000 | $154,000 | $504,000 |
| Collateral | 8 | $2,821,000 | $352,000 | $630,000 | $118,000 | $216,000 |
| Credit History | 8 | $1,622,000 | $202,000 | $480,000 | $99,000 | $200,000 |
| Debt-To-Income Ratio | 6 | $1,417,000 | $236,000 | $570,000 | $95,000 | $133,000 |
| Unverifiable Information | 6 | $3,025,000 | $504,000 | $1,238,000 | $166,000 | $340,000 |
| Employment History | 3 | $1,089,000 | $363,000 | $503,000 | $135,000 | $216,000 |
| Credit Application Incomplete | 1 | $221,000 | $221,000 | $221,000 | $180,000 | $180,000 |
| 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 Horizon Direct, 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 Horizon Direct, 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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