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records Innovative Mortgage Capital filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| 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 | 91 | $ 30,901,000 | $ 339,571 | $ 140,000 |
| Riverside-San Bernardino-Ontario, CA | 86 | $ 21,998,000 | $ 255,790 | $ 106,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 69 | $ 15,146,000 | $ 219,507 | $ 94,000 |
| Santa Ana-Anaheim-Irvine, CA | 49 | $ 18,853,000 | $ 384,755 | $ 147,000 |
| San Diego-Carlsbad-San Marcos, CA | 47 | $ 15,798,000 | $ 336,127 | $ 136,000 |
| Miami-Miami Beach-Kendall, FL | 43 | $ 16,090,000 | $ 374,186 | $ 373,000 |
| Coeur D'Alene, ID | 39 | $ 4,510,000 | $ 115,641 | $ 129,000 |
| Orlando-Kissimmee, FL | 38 | $ 5,527,000 | $ 145,447 | $ 67,000 |
| Tampa-St. Petersburg-Clearwater, FL | 35 | $ 4,754,000 | $ 135,828 | $ 69,000 |
| Seattle-Bellevue-Everett, WA | 31 | $ 7,963,000 | $ 256,870 | $ 113,000 |
| Chicago-Naperville-Joliet, IL | 29 | $ 7,221,000 | $ 249,000 | $ 69,000 |
| Las Vegas-Paradise, NV | 28 | $ 6,955,000 | $ 248,392 | $ 88,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 22 | $ 7,019,000 | $ 319,045 | $ 131,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 21 | $ 4,981,000 | $ 237,190 | $ 67,000 |
| Jacksonville, FL | 17 | $ 2,044,000 | $ 120,235 | $ 44,000 |
| Portland-Vancouver-Beaverton, OR-WA | 17 | $ 3,529,000 | $ 207,588 | $ 88,235 |
| Denver-Aurora, CO | 14 | $ 5,024,000 | $ 358,857 | $ 95,000 |
| Bakersfield, CA | 13 | $ 2,607,000 | $ 200,538 | $ 56,000 |
| Indianapolis-Carmel, IN | 13 | $ 2,976,000 | $ 228,923 | $ 146,000 |
| Lakeland, FL | 11 | $ 1,459,000 | $ 132,636 | $ 49,000 |
| Tacoma, WA | 11 | $ 1,720,000 | $ 156,363 | $ 49,000 |
| Modesto, CA | 10 | $ 2,871,000 | $ 287,100 | $ 84,000 |
| Stockton, CA | 10 | $ 2,709,000 | $ 270,900 | $ 98,000 |
| Fresno, CA | 9 | $ 1,612,000 | $ 179,111 | $ 84,000 |
| Salt Lake City, UT | 9 | $ 2,713,000 | $ 301,444 | $ 197,000 |
| Spokane, WA | 9 | $ 2,468,000 | $ 274,222 | $ 166,000 |
| Tallahassee, FL | 9 | $ 1,236,000 | $ 137,333 | $ 61,000 |
| Boise City-Nampa, ID | 8 | $ 1,039,000 | $ 129,875 | $ 72,000 |
| Bridgeport-Stamford-Norwalk, CT | 8 | $ 2,065,000 | $ 258,125 | $ 88,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 8 | $ 1,566,000 | $ 195,750 | $ 57,000 |
| New Haven-Milford, CT | 8 | $ 1,092,000 | $ 136,500 | $ 59,000 |
| Oakland-Fremont-Hayward, CA | 8 | $ 3,298,000 | $ 412,250 | $ 185,000 |
| Phoenix-Mesa-Scottsdale, AZ | 8 | $ 1,474,000 | $ 184,250 | $ 89,000 |
| Vallejo-Fairfield, CA | 8 | $ 1,891,000 | $ 236,375 | $ 93,000 |
| Visalia-Porterville, CA | 8 | $ 1,310,000 | $ 163,750 | $ 91,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 8 | $ 1,208,000 | $ 151,000 | $ 138,000 |
| Bend, OR | 7 | $ 1,281,000 | $ 183,000 | $ 91,000 |
| Port St. Lucie-Fort Pierce, FL | 7 | $ 918,000 | $ 131,142 | $ 59,000 |
| Cape Coral-Fort Myers, FL | 6 | $ 1,507,000 | $ 251,166 | $ 26,000 |
| Hartford-West Hartford-East Hartford, CT | 6 | $ 1,026,000 | $ 171,000 | $ 65,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 6 | $ 595,000 | $ 99,166 | $ 133,000 |
| Naples-Marco Island, FL | 6 | $ 1,721,000 | $ 286,833 | $ 68,000 |
| Ocala, FL | 6 | $ 654,000 | $ 109,000 | $ 47,000 |
| Palm Bay-Melbourne-Titusville, FL | 5 | $ 609,000 | $ 121,800 | $ 64,000 |
| Salem, OR | 5 | $ 533,000 | $ 106,600 | $ 61,000 |
| Sarasota-Bradenton-Venice, FL | 5 | $ 735,000 | $ 147,000 | $ 144,000 |
| Springfield, MO | 5 | $ 1,327,000 | $ 265,400 | $ 21,000 |
| Gary, IN | 4 | $ 328,000 | $ 82,000 | $ 53,000 |
| Hanford-Corcoran, CA | 4 | $ 558,000 | $ 139,500 | $ 54,000 |
| Kansas City, MO-KS | 4 | $ 989,000 | $ 247,250 | $ 121,000 |
| Salinas, CA | 4 | $ 1,294,000 | $ 323,500 | $ 105,000 |
| Cheyenne, WY | 3 | $ 272,000 | $ 90,666 | $ 48,000 |
| Columbia, SC | 3 | $ 250,000 | $ 83,333 | $ 78,000 |
| Greeley, CO | 3 | $ 418,000 | $ 139,333 | $ 75,000 |
| Norwich-New London, CT | 3 | $ 706,000 | $ 235,333 | $ 100,000 |
| Olympia, WA | 3 | $ 494,000 | $ 164,666 | $ 54,000 |
| Provo-Orem, UT | 3 | $ 1,025,000 | $ 341,666 | $ 544,000 |
| San Luis Obispo-Paso Robles, CA | 3 | $ 597,000 | $ 199,000 | $ 260,000 |
| Yakima, WA | 3 | $ 280,000 | $ 93,333 | $ 33,000 |
| Anchorage, AK | 2 | $ 372,000 | $ 186,000 | $ 57,000 |
| Bellingham, WA | 2 | $ 275,000 | $ 137,500 | $ 215,000 |
| Elkhart-Goshen, IN | 2 | $ 162,000 | $ 81,000 | $ 78,000 |
| Evansville, IN-KY | 2 | $ 113,000 | $ 56,500 | $ 0 |
| Florence, SC | 2 | $ 289,000 | $ 144,500 | $ 86,000 |
| Fort Walton Beach-Crestview-Destin, FL | 2 | $ 199,000 | $ 99,500 | $ 44,000 |
| Grand Forks, ND-MN | 2 | $ 264,000 | $ 132,000 | $ 60,000 |
| Jefferson City, MO | 2 | $ 176,000 | $ 88,000 | $ 0 |
| Kennewick-Richland-Pasco, WA | 2 | $ 174,000 | $ 87,000 | $ 38,000 |
| Lafayette, IN | 2 | $ 275,000 | $ 137,500 | $ 539,000 |
| Lake County-Kenosha County, IL-WI | 2 | $ 235,000 | $ 117,500 | $ 176,000 |
| Merced, CA | 2 | $ 350,000 | $ 175,000 | $ 102,000 |
| Napa, CA | 2 | $ 1,426,000 | $ 713,000 | $ 181,000 |
| Pensacola-Ferry Pass-Brent, FL | 2 | $ 167,000 | $ 83,500 | $ 46,000 |
| San Francisco-San Mateo-Redwood City, CA | 2 | $ 565,000 | $ 282,500 | $ 55,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 2 | $ 150,000 | $ 75,000 | $ 105,000 |
| Santa Rosa-Petaluma, CA | 2 | $ 823,000 | $ 411,500 | $ 90,000 |
| Tucson, AZ | 2 | $ 207,000 | $ 103,500 | $ 55,000 |
| Casper, WY | 1 | $ 71,000 | $ 71,000 | $ 133,000 |
| Chico, CA | 1 | $ 216,000 | $ 216,000 | $ 55,000 |
| Colorado Springs, CO | 1 | $ 132,000 | $ 132,000 | $ 38,000 |
| Duluth, MN-WI | 1 | $ 95,000 | $ 95,000 | $ 36,000 |
| Greenville, SC | 1 | $ 252,000 | $ 252,000 | $ 69,000 |
| Idaho Falls, ID | 1 | $ 92,000 | $ 92,000 | $ 40,000 |
| Lewiston, ID-WA | 1 | $ 131,000 | $ 131,000 | $ 66,000 |
| Logan, UT-ID | 1 | $ 105,000 | $ 105,000 | $ 44,000 |
| Madera, CA | 1 | $ 105,000 | $ 105,000 | $ 95,000 |
| Madison, WI | 1 | $ 39,000 | $ 39,000 | $ 57,000 |
| Medford, OR | 1 | $ 200,000 | $ 200,000 | $ 35,000 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 104,000 | $ 104,000 | $ 52,000 |
| Mount Vernon-Anacortes, WA | 1 | $ 235,000 | $ 235,000 | $ 132,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 472,000 | $ 472,000 | $ 127,000 |
| Panama City-Lynn Haven, FL | 1 | $ 82,000 | $ 82,000 | $ 36,000 |
| Pocatello, ID | 1 | $ 214,000 | $ 214,000 | $ 92,000 |
| Redding, CA | 1 | $ 75,000 | $ 75,000 | $ 27,000 |
| Reno-Sparks, NV | 1 | $ 112,000 | $ 112,000 | $ 0 |
| Sebastian-Vero Beach, FL | 1 | $ 155,000 | $ 155,000 | $ 30,000 |
| Spartanburg, SC | 1 | $ 167,000 | $ 167,000 | $ 118,000 |
| St. Cloud, MN | 1 | $ 52,000 | $ 52,000 | $ 32,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 495,000 | $ 495,000 | $ 166,000 |
| Yuba City, CA | 1 | $ 432,000 | $ 432,000 | $ 83,000 |
| Yuma, AZ | 1 | $ 180,000 | $ 180,000 | $ 154,000 |
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.
For a list of all lenders in California, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About