Infinity Funding Plc Mortgage Lending & HMDA Data, 2009
In 2009, Infinity Funding Plc of Tucson, AZ reported 369 mortgage applications totaling $57.2 million, up 118% from 2008. The average application was for $155,121, and applicants reported an average income of $57,815. 54% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Tucson, AZ (281), Phoenix-Mesa-Scottsdale, AZ (13) and Yuma, AZ (1) (applications in parentheses).
| Mortgage Company & Address | Infinity Funding Plc 1585 E River Rd Suite 201 Tucson, AZ 85718 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2015 2014 2013 2012 2011 2010 2009 2008 |
| Total Number of Mortgage Applications | 369 |
| Total Mortgage Loan Application Amount | $57,240,000 |
| Average Mortgage Loan Application Amount | $155,121 |
| Highest Mortgage Loan Application Amount | $458,000 |
| Average Applicant Income | $57,815 |
| Highest Applicant Income | $349,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Infinity Funding Plc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Pima, Arizona | 281 | $ 44,849,000 | $ 159,604 | $ 60,000 |
| Santa Cruz, Arizona | 67 | $ 9,079,000 | $ 135,507 | $ 45,000 |
| Maricopa, Arizona | 7 | $ 1,048,000 | $ 149,714 | $ 58,000 |
| Cochise, Arizona | 6 | $ 778,000 | $ 129,666 | $ 61,000 |
| Pinal, Arizona | 6 | $ 1,012,000 | $ 168,666 | $ 48,000 |
| Navajo, Arizona | 1 | $ 219,000 | $ 219,000 | $ 349,000 |
| Yuma, Arizona | 1 | $ 255,000 | $ 255,000 | $ 196,000 |
Mortgage Loan Application Detail Totals for Infinity Funding Plc in 2009
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 | 206 | $35,094,000 | $170,000 | $417,000 | $64,000 | $349,000 |
| Home Purchase | 163 | $22,146,000 | $135,000 | $458,000 | $50,000 | $305,000 |
| 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 | 238 | $33,281,000 | $139,000 | $417,000 | $49,000 | $196,000 |
| White | 115 | $21,328,000 | $185,000 | $458,000 | $74,000 | $305,000 |
| Asian | 7 | $1,174,000 | $167,000 | $268,000 | $99,000 | $349,000 |
| Not Provided | 4 | $761,000 | $190,000 | $357,000 | $89,000 | $199,000 |
| Black or African American | 3 | $408,000 | $136,000 | $153,000 | $42,000 | $46,000 |
| American Indian or Alaskan Native | 2 | $288,000 | $144,000 | $178,000 | $58,000 | $61,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 213 | $31,264,000 | $146,000 | $319,000 | $48,000 | $149,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 120 | $20,924,000 | $174,000 | $458,000 | $79,000 | $349,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 22 | $2,762,000 | $125,000 | $184,000 | $38,000 | $52,000 |
| VA-guaranteed (Veterans Administration) | 14 | $2,290,000 | $163,000 | $361,000 | $63,000 | $142,000 |
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 | 201 | $30,699,000 | $152,000 | $374,000 | $60,000 | $349,000 |
| Application Withdrawn By Applicant | 103 | $15,797,000 | $153,000 | $417,000 | $53,000 | $183,000 |
| Application Denied By Financial Institution | 52 | $8,149,000 | $156,000 | $458,000 | $57,000 | $184,000 |
| File Closed For Incompleteness | 13 | $2,595,000 | $199,000 | $319,000 | $70,000 | $196,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 16 | $3,312,000 | $207,000 | $458,000 | $82,000 | $184,000 |
| Debt-To-Income Ratio | 11 | $1,346,000 | $122,000 | $177,000 | $40,000 | $81,000 |
| Employment History | 10 | $1,236,000 | $123,000 | $270,000 | $40,000 | $162,000 |
| Credit History | 8 | $999,000 | $124,000 | $173,000 | $46,000 | $76,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $341,000 | $113,000 | $158,000 | $41,000 | $47,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Infinity Funding Plc's 2009 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 Infinity Funding Plc'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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with aggregated HMDA statistics today.
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