J&R Lending Inc. Mortgage Lending & HMDA Data, 2008
In 2008, J&R Lending Inc. of Burbank, CA reported 1,226 mortgage applications totaling $384.5 million, down 37% from 2007. The average application was for $313,617, and applicants reported an average income of $108,339. 61% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (758), Bakersfield, CA (111) and Riverside-San Bernardino-Ontario, CA (68) (applications in parentheses).
| Mortgage Company & Address | J&R Lending Inc. 1210 West Burbank Boulevard Burbank, CA 91506 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 2005 |
| Total Number of Mortgage Applications | 1,226 |
| Total Mortgage Loan Application Amount | $384,495,000 |
| Average Mortgage Loan Application Amount | $313,617 |
| Highest Mortgage Loan Application Amount | $2,716,000 |
| Average Applicant Income | $108,339 |
| Highest Applicant Income | $1,329,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records J&R Lending Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 758 | $ 251,072,000 | $ 331,229 | $ 116,000 |
| Bakersfield, CA | 111 | $ 19,727,000 | $ 177,720 | $ 67,000 |
| Riverside-San Bernardino-Ontario, CA | 68 | $ 18,296,000 | $ 269,058 | $ 84,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 46 | $ 15,600,000 | $ 339,130 | $ 123,000 |
| Phoenix-Mesa-Scottsdale, AZ | 24 | $ 5,609,000 | $ 233,708 | $ 101,000 |
| Santa Ana-Anaheim-Irvine, CA | 24 | $ 8,388,000 | $ 349,500 | $ 126,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 14 | $ 2,915,000 | $ 208,214 | $ 75,000 |
| Oakland-Fremont-Hayward, CA | 13 | $ 4,742,000 | $ 364,769 | $ 135,000 |
| San Diego-Carlsbad-San Marcos, CA | 12 | $ 4,347,000 | $ 362,250 | $ 111,000 |
| Seattle-Bellevue-Everett, WA | 9 | $ 2,927,000 | $ 325,222 | $ 93,000 |
| Fresno, CA | 7 | $ 1,257,000 | $ 179,571 | $ 77,000 |
| Portland-Vancouver-Beaverton, OR-WA | 4 | $ 1,587,000 | $ 396,750 | $ 118,000 |
| San Francisco-San Mateo-Redwood City, CA | 4 | $ 2,413,000 | $ 603,250 | $ 191,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 4 | $ 1,992,000 | $ 498,000 | $ 120,000 |
| Salinas, CA | 3 | $ 896,000 | $ 298,666 | $ 73,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 3 | $ 1,430,000 | $ 476,666 | $ 132,000 |
| Tucson, AZ | 3 | $ 635,000 | $ 211,666 | $ 63,000 |
| Modesto, CA | 2 | $ 680,000 | $ 340,000 | $ 110,000 |
| Orlando-Kissimmee, FL | 2 | $ 1,598,000 | $ 799,000 | $ 180,000 |
| Stockton, CA | 2 | $ 386,000 | $ 193,000 | $ 255,000 |
| Vallejo-Fairfield, CA | 2 | $ 900,000 | $ 450,000 | $ 134,000 |
| Albuquerque, NM | 1 | $ 120,000 | $ 120,000 | $ 51,000 |
| Bend, OR | 1 | $ 650,000 | $ 650,000 | $ 140,000 |
| Jacksonville, FL | 1 | $ 50,000 | $ 50,000 | $ 25,000 |
| Lake Havasu City-Kingman, AZ | 1 | $ 260,000 | $ 260,000 | $ 59,000 |
| Madera, CA | 1 | $ 276,000 | $ 276,000 | $ 88,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 320,000 | $ 320,000 | $ 95,000 |
| Mount Vernon-Anacortes, WA | 1 | $ 225,000 | $ 225,000 | $ 54,000 |
| Naples-Marco Island, FL | 1 | $ 296,000 | $ 296,000 | $ 103,000 |
| Ogden-Clearfield, UT | 1 | $ 249,000 | $ 249,000 | $ 86,000 |
| Prescott, AZ | 1 | $ 100,000 | $ 100,000 | $ 61,000 |
| Provo-Orem, UT | 1 | $ 362,000 | $ 362,000 | $ 157,000 |
| Redding, CA | 1 | $ 143,000 | $ 143,000 | $ 67,000 |
| Salt Lake City, UT | 1 | $ 327,000 | $ 327,000 | $ 118,000 |
| San Luis Obispo-Paso Robles, CA | 1 | $ 314,000 | $ 314,000 | $ 60,000 |
| Santa Cruz-Watsonville, CA | 1 | $ 417,000 | $ 417,000 | $ 114,000 |
| Santa Rosa-Petaluma, CA | 1 | $ 477,000 | $ 477,000 | $ 118,000 |
| St. George, UT | 1 | $ 124,000 | $ 124,000 | $ 149,000 |
Mortgage Loan Application Detail Totals for J&R Lending Inc. in 2008
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 694 | $210,615,000 | $303,000 | $2,716,000 | $104,000 | $1,329,000 |
| Refinancing | 532 | $173,880,000 | $326,000 | $1,925,000 | $114,000 | $1,104,000 |
| 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 | 579 | $191,356,000 | $330,000 | $2,716,000 | $127,000 | $1,329,000 |
| Hispanic | 395 | $107,617,000 | $272,000 | $750,000 | $79,000 | $1,194,000 |
| Not Provided | 164 | $55,419,000 | $337,000 | $1,500,000 | $102,000 | $439,000 |
| Asian | 41 | $14,689,000 | $358,000 | $963,000 | $163,000 | $1,104,000 |
| Black or African American | 39 | $12,630,000 | $323,000 | $594,000 | $103,000 | $482,000 |
| Native Hawaiian or Other Pacific Islander | 7 | $2,462,000 | $351,000 | $471,000 | $140,000 | $375,000 |
| American Indian or Alaskan Native | 1 | $322,000 | $322,000 | $322,000 | $219,000 | $219,000 |
| 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) | 972 | $306,726,000 | $315,000 | $2,716,000 | $111,000 | $1,329,000 |
| FHA-insured (Federal Housing Administration) | 254 | $77,769,000 | $306,000 | $780,000 | $100,000 | $1,194,000 |
| 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 | 753 | $228,911,000 | $303,000 | $1,350,000 | $114,000 | $1,329,000 |
| Application Approved But Not Accepted | 221 | $71,828,000 | $325,000 | $1,925,000 | $95,000 | $528,000 |
| Application Denied By Financial Institution | 143 | $48,144,000 | $336,000 | $2,716,000 | $111,000 | $992,000 |
| File Closed For Incompleteness | 70 | $21,350,000 | $305,000 | $963,000 | $94,000 | $348,000 |
| Application Withdrawn By Applicant | 39 | $14,262,000 | $365,000 | $1,485,000 | $110,000 | $430,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 47 | $13,666,000 | $290,000 | $810,000 | $101,000 | $482,000 |
| Unverifiable Information | 29 | $12,125,000 | $418,000 | $2,716,000 | $161,000 | $992,000 |
| Other | 24 | $8,471,000 | $352,000 | $1,500,000 | $99,000 | $306,000 |
| Collateral | 23 | $6,903,000 | $300,000 | $754,000 | $100,000 | $221,000 |
| Credit History | 5 | $1,819,000 | $363,000 | $600,000 | $83,000 | $185,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $1,579,000 | $394,000 | $675,000 | $87,000 | $126,000 |
| Employment History | 2 | $698,000 | $349,000 | $473,000 | $114,000 | $180,000 |
| Mortgage Insurance Denied | 1 | $194,000 | $194,000 | $194,000 | $127,000 | $127,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into J&R Lending Inc.'s 2008 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 J&R Lending 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.
For a list of all lenders in California, download the full spreadsheet
with aggregated HMDA statistics today.
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