Luther Burbank Savings Mortgage Lending & HMDA Data, 2005
In 2005, Luther Burbank Savings of Santa Rosa, CA reported 559 mortgage applications totaling $587.3 million, up 6% from 2004. The average application was for $1,050,683, and applicants reported an average income of $28,996. 67% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (213), San Francisco-San Mateo-Redwood City, CA (75) and Santa Rosa-Petaluma, CA (50) (applications in parentheses).
| Mortgage Company & Address | Luther Burbank Savings 804 Fourth Street Santa Rosa, CA 95404 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 559 |
| Total Mortgage Loan Application Amount | $587,332,000 |
| Average Mortgage Loan Application Amount | $1,050,683 |
| Highest Mortgage Loan Application Amount | $9,188,000 |
| Average Applicant Income | $28,996 |
| Highest Applicant Income | $8,049,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Luther Burbank Savings filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Los Angeles, California | 213 | $ 245,812,000 | $ 1,154,046 | $ 0 |
| Sonoma, California | 50 | $ 35,442,000 | $ 708,840 | $ 213,000 |
| Santa Clara, California | 49 | $ 34,566,000 | $ 705,428 | $ 1,000 |
| San Francisco, California | 45 | $ 47,472,000 | $ 1,054,933 | $ 6,000 |
| Alameda, California | 29 | $ 25,349,000 | $ 874,103 | $ 0 |
| Orange, California | 29 | $ 38,440,000 | $ 1,325,517 | $ 0 |
| San Diego, California | 28 | $ 23,187,000 | $ 828,107 | $ 0 |
| San Mateo, California | 19 | $ 14,019,000 | $ 737,842 | $ 0 |
| Marin, California | 11 | $ 20,218,000 | $ 1,838,000 | $ 51,000 |
| Mendocino, California | 11 | $ 6,912,000 | $ 628,363 | $ 49,000 |
| Contra Costa, California | 10 | $ 10,245,000 | $ 1,024,500 | $ 0 |
| Humboldt, California | 9 | $ 4,437,000 | $ 493,000 | $ 0 |
| Riverside, California | 8 | $ 17,190,000 | $ 2,148,750 | $ 0 |
| San Bernardino, California | 7 | $ 9,379,000 | $ 1,339,857 | $ 0 |
| Napa, California | 5 | $ 4,198,000 | $ 839,600 | $ 42,000 |
| Sacramento, California | 5 | $ 5,496,000 | $ 1,099,200 | $ 0 |
| San Joaquin, California | 5 | $ 8,470,000 | $ 1,694,000 | $ 0 |
| Solano, California | 5 | $ 3,452,000 | $ 690,400 | $ 0 |
| Kern, California | 4 | $ 4,012,000 | $ 1,003,000 | $ 0 |
| Santa Barbara, California | 4 | $ 6,195,000 | $ 1,548,750 | $ 0 |
| Lake, California | 2 | $ 1,567,000 | $ 783,500 | $ 540,000 |
| Placer, California | 2 | $ 720,000 | $ 360,000 | $ 0 |
| Ventura, California | 2 | $ 2,700,000 | $ 1,350,000 | $ 0 |
| Butte, California | 1 | $ 5,000,000 | $ 5,000,000 | $ 0 |
| Fresno, California | 1 | $ 2,238,000 | $ 2,238,000 | $ 0 |
| Kings, California | 1 | $ 2,940,000 | $ 2,940,000 | $ 0 |
| Stanislaus, California | 1 | $ 5,336,000 | $ 5,336,000 | $ 0 |
Mortgage Loan Application Detail Totals for Luther Burbank Savings in 2005
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 | 394 | $417,136,000 | $1,058,000 | $9,188,000 | $26,000 | $8,049,000 |
| Refinancing | 160 | $165,768,000 | $1,036,000 | $5,580,000 | $33,000 | $1,642,000 |
| Home Improvement | 5 | $4,428,000 | $885,000 | $1,496,000 | $137,000 | $528,000 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 270 | $325,250,000 | $1,204,000 | $9,188,000 | $9,000 | $1,080,000 |
| White | 165 | $134,301,000 | $813,000 | $8,145,000 | $82,000 | $8,049,000 |
| Not Provided | 44 | $42,448,000 | $964,000 | $3,703,000 | $23,000 | $1,642,000 |
| Asian | 39 | $40,865,000 | $1,047,000 | $4,500,000 | $2,000 | $87,000 |
| Hispanic | 38 | $42,378,000 | $1,115,000 | $4,125,000 | $0 | $0 |
| Black or African American | 2 | $1,110,000 | $555,000 | $585,000 | $0 | $0 |
| American Indian or Alaskan Native | 1 | $980,000 | $980,000 | $980,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 559 | $587,332,000 | $1,050,000 | $9,188,000 | $31,000 | $8,049,000 |
| 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 | 373 | $386,853,000 | $1,037,000 | $7,400,000 | $40,000 | $8,049,000 |
| Loan Purchased By The Institution | 107 | $98,627,000 | $921,000 | $5,468,000 | $0 | $0 |
| Application Withdrawn By Applicant | 31 | $40,625,000 | $1,310,000 | $9,000,000 | $53,000 | $1,080,000 |
| Application Denied By Financial Institution | 27 | $22,913,000 | $848,000 | $2,700,000 | $10,000 | $116,000 |
| Application Approved But Not Accepted | 12 | $25,707,000 | $2,142,000 | $9,188,000 | $24,000 | $205,000 |
| File Closed For Incompleteness | 9 | $12,607,000 | $1,400,000 | $4,125,000 | $9,000 | $85,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 10 | $7,274,000 | $727,000 | $2,700,000 | $16,000 | $84,000 |
| Collateral | 9 | $9,110,000 | $1,012,000 | $2,200,000 | $14,000 | $116,000 |
| Other | 7 | $6,029,000 | $861,000 | $1,556,000 | $0 | $0 |
| Credit Application Incomplete | 1 | $500,000 | $500,000 | $500,000 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 Luther Burbank Savings's 2005 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 Luther Burbank Savings'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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