Innovative Mortgage Capital Mortgage Lending & HMDA Data, 2006

In 2006, Innovative Mortgage Capital of Irvine, CA reported 1,077 mortgage applications totaling $252.6 million, up 83% from 2005. The average application was for $234,535, and applicants reported an average income of $112,445. 56% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (91), Riverside-San Bernardino-Ontario, CA (86) and Minneapolis-St. Paul-Bloomington, MN-WI (69) (applications in parentheses).

Mortgage Company & Address Innovative Mortgage Capital
121 Innovation Drive, Suite 200
Irvine, CA 92617
Tel #: available with data download
Federal Regulator * available with data download
Years 2006  2005  
Total Number of Mortgage Applications 1,077
Total Mortgage Loan Application Amount $252,595,000
Average Mortgage Loan Application Amount $234,535
Highest Mortgage Loan Application Amount $1,900,000
Average Applicant Income $112,445
Highest Applicant Income $4,699,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Innovative Mortgage Capital filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Innovative Mortgage Capital by County in 2006

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 91 $ 30,901,000 $ 339,571 $ 140,000
Riverside, California 51 $ 13,866,000 $ 271,882 $ 113,000
Orange, California 49 $ 18,853,000 $ 384,755 $ 147,000
San Diego, California 47 $ 15,798,000 $ 336,127 $ 136,000
Miami-Dade, Florida 43 $ 16,090,000 $ 374,186 $ 373,000
Kootenai, Idaho 39 $ 4,510,000 $ 115,641 $ 129,000
San Bernardino, California 35 $ 8,132,000 $ 232,342 $ 96,000
Orange, Florida 30 $ 4,196,000 $ 139,866 $ 67,000
Hennepin, Minnesota 28 $ 7,519,000 $ 268,535 $ 115,000
Clark, Nevada 28 $ 6,955,000 $ 248,392 $ 88,000
Broward, Florida 22 $ 7,019,000 $ 319,045 $ 131,000
Cook, Illinois 21 $ 4,318,000 $ 205,619 $ 96,000
King, Washington 21 $ 5,352,000 $ 254,857 $ 114,000
Sacramento, California 18 $ 4,461,000 $ 247,833 $ 69,000
Hillsborough, Florida 18 $ 2,407,000 $ 133,722 $ 68,000
Anoka, Minnesota 17 $ 2,334,000 $ 137,294 $ 109,000
Duval, Florida 14 $ 1,654,000 $ 118,142 $ 43,000
Kern, California 13 $ 2,607,000 $ 200,538 $ 56,000
Polk, Florida 11 $ 1,459,000 $ 132,636 $ 49,000
Pierce, Washington 11 $ 1,720,000 $ 156,363 $ 49,000
San Joaquin, California 10 $ 2,709,000 $ 270,900 $ 98,000
Stanislaus, California 10 $ 2,871,000 $ 287,100 $ 84,000
Snohomish, Washington 10 $ 2,611,000 $ 261,100 $ 111,000
Fresno, California 9 $ 1,612,000 $ 179,111 $ 84,000
Ramsey, Minnesota 9 $ 1,079,000 $ 119,888 $ 79,000
Salt Lake, Utah 9 $ 2,713,000 $ 301,444 $ 197,000
Spokane, Washington 9 $ 2,468,000 $ 274,222 $ 166,000
Solano, California 8 $ 1,891,000 $ 236,375 $ 93,000
Tulare, California 8 $ 1,310,000 $ 163,750 $ 91,000
Fairfield, Connecticut 8 $ 2,065,000 $ 258,125 $ 88,000
New Haven, Connecticut 8 $ 1,092,000 $ 136,500 $ 59,000
Palm Beach, Florida 8 $ 1,208,000 $ 151,000 $ 138,000
Pinellas, Florida 8 $ 1,276,000 $ 159,500 $ 89,000
Volusia, Florida 8 $ 1,566,000 $ 195,750 $ 57,000
Canyon, Idaho 7 $ 843,000 $ 120,428 $ 66,000
Deschutes, Oregon 7 $ 1,281,000 $ 183,000 $ 91,000
Maricopa, Arizona 6 $ 1,089,000 $ 181,500 $ 84,000
Contra Costa, California 6 $ 2,546,000 $ 424,333 $ 234,000
Adams, Colorado 6 $ 1,536,000 $ 256,000 $ 47,000
Collier, Florida 6 $ 1,721,000 $ 286,833 $ 68,000
Lee, Florida 6 $ 1,507,000 $ 251,166 $ 26,000
Marion, Florida 6 $ 654,000 $ 109,000 $ 47,000
St. Lucie, Florida 6 $ 732,000 $ 122,000 $ 53,000
Will, Illinois 6 $ 2,700,000 $ 450,000 $ 0
Clackamas, Oregon 6 $ 847,000 $ 141,166 $ 52,000
Horry, South Carolina 6 $ 595,000 $ 99,166 $ 133,000
Brevard, Florida 5 $ 609,000 $ 121,800 $ 64,000
Pasco, Florida 5 $ 644,000 $ 128,800 $ 56,000
Marion, Indiana 5 $ 552,000 $ 110,400 $ 70,000
Shelby, Indiana 5 $ 239,000 $ 47,800 $ 96,000
Chisago, Minnesota 5 $ 532,000 $ 106,400 $ 57,000
Greene, Missouri 5 $ 1,327,000 $ 265,400 $ 21,000
Multnomah, Oregon 5 $ 1,575,000 $ 315,000 $ 169,000
Clark, Washington 5 $ 865,000 $ 173,000 $ 48,000
Kings, California 4 $ 558,000 $ 139,500 $ 54,000
Monterey, California 4 $ 1,294,000 $ 323,500 $ 105,000
Hernando, Florida 4 $ 427,000 $ 106,750 $ 51,000
Highlands, Florida 4 $ 467,000 $ 116,750 $ 28,000
Osceola, Florida 4 $ 659,000 $ 164,750 $ 74,000
Lake, Indiana 4 $ 328,000 $ 82,000 $ 53,000
Marion, Oregon 4 $ 423,000 $ 105,750 $ 66,000
San Luis Obispo, California 3 $ 597,000 $ 199,000 $ 260,000
Denver, Colorado 3 $ 981,000 $ 327,000 $ 94,000
Douglas, Colorado 3 $ 2,060,000 $ 686,666 $ 82,000
Summit, Colorado 3 $ 435,000 $ 145,000 $ 230,000
Weld, Colorado 3 $ 418,000 $ 139,333 $ 75,000
Hartford, Connecticut 3 $ 676,000 $ 225,333 $ 33,000
Litchfield, Connecticut 3 $ 491,000 $ 163,666 $ 135,000
New London, Connecticut 3 $ 706,000 $ 235,333 $ 100,000
Tolland, Connecticut 3 $ 350,000 $ 116,666 $ 97,000
Clay, Florida 3 $ 390,000 $ 130,000 $ 52,000
Gadsden, Florida 3 $ 463,000 $ 154,333 $ 58,000
Leon, Florida 3 $ 359,000 $ 119,666 $ 47,000
Putnam, Florida 3 $ 234,000 $ 78,000 $ 47,000
Sarasota, Florida 3 $ 487,000 $ 162,333 $ 214,000
Wakulla, Florida 3 $ 414,000 $ 138,000 $ 78,000
Platte, Missouri 3 $ 557,000 $ 185,666 $ 120,000
Utah, Utah 3 $ 1,025,000 $ 341,666 $ 544,000
Thurston, Washington 3 $ 494,000 $ 164,666 $ 54,000
Yakima, Washington 3 $ 280,000 $ 93,333 $ 33,000
Laramie, Wyoming 3 $ 272,000 $ 90,666 $ 48,000
Anchorage, Alaska 2 $ 372,000 $ 186,000 $ 57,000
Pima, Arizona 2 $ 207,000 $ 103,500 $ 55,000
Pinal, Arizona 2 $ 385,000 $ 192,500 $ 104,000
Alameda, California 2 $ 752,000 $ 376,000 $ 39,000
El Dorado, California 2 $ 410,000 $ 205,000 $ 63,000
Merced, California 2 $ 350,000 $ 175,000 $ 102,000
Mono, California 2 $ 560,000 $ 280,000 $ 346,000
Napa, California 2 $ 1,426,000 $ 713,000 $ 181,000
Santa Clara, California 2 $ 150,000 $ 75,000 $ 105,000
Siskiyou, California 2 $ 121,000 $ 60,500 $ 12,000
Sonoma, California 2 $ 823,000 $ 411,500 $ 90,000
Tuolumne, California 2 $ 302,000 $ 151,000 $ 107,000
Arapahoe, Colorado 2 $ 447,000 $ 223,500 $ 258,000
Bradford, Florida 2 $ 207,000 $ 103,500 $ 49,000
Citrus, Florida 2 $ 239,000 $ 119,500 $ 20,000
Escambia, Florida 2 $ 167,000 $ 83,500 $ 46,000
Lake, Florida 2 $ 324,000 $ 162,000 $ 56,000
Manatee, Florida 2 $ 248,000 $ 124,000 $ 39,000
Okaloosa, Florida 2 $ 199,000 $ 99,500 $ 44,000
Okeechobee, Florida 2 $ 270,000 $ 135,000 $ 72,000
Seminole, Florida 2 $ 348,000 $ 174,000 $ 72,000
Shoshone, Idaho 2 $ 131,000 $ 65,500 $ 102,000
DuPage, Illinois 2 $ 203,000 $ 101,500 $ 0
Lake, Illinois 2 $ 235,000 $ 117,500 $ 176,000
Elkhart, Indiana 2 $ 162,000 $ 81,000 $ 78,000
Hamilton, Indiana 2 $ 2,000,000 $ 1,000,000 $ 496,000
Tippecanoe, Indiana 2 $ 275,000 $ 137,500 $ 539,000
Vanderburgh, Indiana 2 $ 113,000 $ 56,500 $ 0
Carver, Minnesota 2 $ 690,000 $ 345,000 $ 123,000
Dakota, Minnesota 2 $ 750,000 $ 375,000 $ 0
Polk, Minnesota 2 $ 264,000 $ 132,000 $ 60,000
Sherburne, Minnesota 2 $ 750,000 $ 375,000 $ 0
Washington, Minnesota 2 $ 1,150,000 $ 575,000 $ 0
Cole, Missouri 2 $ 176,000 $ 88,000 $ 0
Douglas, Oregon 2 $ 130,000 $ 65,000 $ 35,000
Josephine, Oregon 2 $ 503,000 $ 251,500 $ 37,000
Florence, South Carolina 2 $ 289,000 $ 144,500 $ 86,000
Lexington, South Carolina 2 $ 178,000 $ 89,000 $ 81,000
Kane, Utah 2 $ 247,000 $ 123,500 $ 0
Benton, Washington 2 $ 174,000 $ 87,000 $ 38,000
Grays Harbor, Washington 2 $ 238,000 $ 119,000 $ 38,000
Kittitas, Washington 2 $ 270,000 $ 135,000 $ 86,000
Stevens, Washington 2 $ 425,000 $ 212,500 $ 54,000
Whatcom, Washington 2 $ 275,000 $ 137,500 $ 215,000
Yuma, Arizona 1 $ 180,000 $ 180,000 $ 154,000
Butte, California 1 $ 216,000 $ 216,000 $ 55,000
Calaveras, California 1 $ 261,000 $ 261,000 $ 114,000
Humboldt, California 1 $ 150,000 $ 150,000 $ 90,000
Madera, California 1 $ 105,000 $ 105,000 $ 95,000
Nevada, California 1 $ 73,000 $ 73,000 $ 120,000
San Francisco, California 1 $ 265,000 $ 265,000 $ 48,000
San Mateo, California 1 $ 300,000 $ 300,000 $ 63,000
Shasta, California 1 $ 75,000 $ 75,000 $ 27,000
Sutter, California 1 $ 432,000 $ 432,000 $ 83,000
Trinity, California 1 $ 86,000 $ 86,000 $ 48,000
Ventura, California 1 $ 472,000 $ 472,000 $ 127,000
Yolo, California 1 $ 110,000 $ 110,000 $ 24,000
El Paso, Colorado 1 $ 132,000 $ 132,000 $ 38,000
Routt, Colorado 1 $ 144,000 $ 144,000 $ 264,000
Bay, Florida 1 $ 82,000 $ 82,000 $ 36,000
Dixie, Florida 1 $ 72,000 $ 72,000 $ 74,000
Flagler, Florida 1 $ 266,000 $ 266,000 $ 71,000
Hamilton, Florida 1 $ 71,000 $ 71,000 $ 31,000
Indian River, Florida 1 $ 155,000 $ 155,000 $ 30,000
Jackson, Florida 1 $ 87,000 $ 87,000 $ 36,000
Martin, Florida 1 $ 186,000 $ 186,000 $ 96,000
Sumter, Florida 1 $ 92,000 $ 92,000 $ 42,000
Walton, Florida 1 $ 132,000 $ 132,000 $ 45,000
Ada, Idaho 1 $ 196,000 $ 196,000 $ 117,000
Bannock, Idaho 1 $ 214,000 $ 214,000 $ 92,000
Bingham, Idaho 1 $ 198,000 $ 198,000 $ 66,000
Bonner, Idaho 1 $ 154,000 $ 154,000 $ 60,000
Bonneville, Idaho 1 $ 92,000 $ 92,000 $ 40,000
Franklin, Idaho 1 $ 105,000 $ 105,000 $ 44,000
Jerome, Idaho 1 $ 80,000 $ 80,000 $ 30,000
Twin Falls, Idaho 1 $ 211,000 $ 211,000 $ 86,000
Morgan, Indiana 1 $ 185,000 $ 185,000 $ 73,000
Carlton, Minnesota 1 $ 95,000 $ 95,000 $ 36,000
Isanti, Minnesota 1 $ 83,000 $ 83,000 $ 104,000
Rice, Minnesota 1 $ 225,000 $ 225,000 $ 65,000
Scott, Minnesota 1 $ 259,000 $ 259,000 $ 52,000
Stearns, Minnesota 1 $ 52,000 $ 52,000 $ 32,000
Todd, Minnesota 1 $ 64,000 $ 64,000 $ 39,000
Jackson, Missouri 1 $ 432,000 $ 432,000 $ 125,000
Johnson, Missouri 1 $ 373,000 $ 373,000 $ 111,000
Washoe, Nevada 1 $ 112,000 $ 112,000 $ 0
Hood River, Oregon 1 $ 161,000 $ 161,000 $ 96,000
Jackson, Oregon 1 $ 200,000 $ 200,000 $ 35,000
Polk, Oregon 1 $ 110,000 $ 110,000 $ 41,000
Washington, Oregon 1 $ 242,000 $ 242,000 $ 108,000
Greenville, South Carolina 1 $ 252,000 $ 252,000 $ 69,000
Richland, South Carolina 1 $ 72,000 $ 72,000 $ 72,000
Spartanburg, South Carolina 1 $ 167,000 $ 167,000 $ 118,000
Spotsylvania, Virginia 1 $ 495,000 $ 495,000 $ 166,000
Asotin, Washington 1 $ 131,000 $ 131,000 $ 66,000
Island, Washington 1 $ 128,000 $ 128,000 $ 46,000
Mason, Washington 1 $ 73,000 $ 73,000 $ 55,000
Skagit, Washington 1 $ 235,000 $ 235,000 $ 132,000
Ashland, Wisconsin 1 $ 45,000 $ 45,000 $ 80,000
Dane, Wisconsin 1 $ 39,000 $ 39,000 $ 57,000
Milwaukee, Wisconsin 1 $ 104,000 $ 104,000 $ 52,000
Natrona, Wyoming 1 $ 71,000 $ 71,000 $ 133,000

Mortgage Loan Application Detail Totals for Innovative Mortgage Capital 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 732 $168,526,000 $230,000 $1,900,000 $107,000 $4,699,000
Home Purchase 345 $84,069,000 $243,000 $1,625,000 $124,000 $933,000
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
White 629 $140,986,000 $224,000 $1,900,000 $106,000 $1,015,000
Hispanic 179 $43,687,000 $244,000 $1,125,000 $92,000 $330,000
Black or African American 138 $33,691,000 $244,000 $1,560,000 $141,000 $4,699,000
Not Provided 62 $15,504,000 $250,000 $1,400,000 $109,000 $480,000
Asian 56 $16,032,000 $286,000 $1,410,000 $185,000 $540,000
Native Hawaiian or Other Pacific Islander 7 $1,627,000 $232,000 $580,000 $88,000 $221,000
American Indian or Alaskan Native 6 $1,068,000 $178,000 $416,000 $90,000 $140,000
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) 1,077 $252,595,000 $234,000 $1,900,000 $112,000 $4,699,000
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 599 $132,437,000 $221,000 $1,560,000 $114,000 $4,699,000
Application Withdrawn By Applicant 372 $95,009,000 $255,000 $1,900,000 $110,000 $933,000
Application Denied By Financial Institution 106 $25,149,000 $237,000 $1,500,000 $109,000 $899,000
Application Approved But Not Accepted 0 $0 $0 $0 $0 $0
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
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 29 $7,609,000 $262,000 $1,500,000 $99,000 $372,000
Credit History 26 $5,524,000 $212,000 $655,000 $67,000 $180,000
Collateral 23 $6,744,000 $293,000 $1,400,000 $200,000 $899,000
Debt-To-Income Ratio 10 $2,373,000 $237,000 $752,000 $95,000 $180,000
Unverifiable Information 9 $1,091,000 $121,000 $274,000 $82,000 $240,000
Employment History 6 $1,496,000 $249,000 $612,000 $41,000 $96,000
Insufficient Cash (Downpayment, Closing Cost) 3 $312,000 $104,000 $187,000 $128,000 $375,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Innovative Mortgage Capital'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 Innovative Mortgage Capital'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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