Luther Burbank Savings Mortgage Lending & HMDA Data, 2010
In 2010, Luther Burbank Savings of Santa Rosa, CA reported 544 mortgage applications totaling $564.3 million, down 26% from 2009. The average application was for $1,037,310, and applicants reported an average income of $136,113. 62% of its applications resulted in an originated loan and 24% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (252), San Francisco-San Mateo-Redwood City, CA (59) and Santa Ana-Anaheim-Irvine, CA (53) (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 | 544 |
| Total Mortgage Loan Application Amount | $564,297,000 |
| Average Mortgage Loan Application Amount | $1,037,310 |
| Highest Mortgage Loan Application Amount | $6,300,000 |
| Average Applicant Income | $136,113 |
| Highest Applicant Income | $2,700,000 |
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(HMDA) records Luther Burbank Savings filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| 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 | 252 | $ 259,255,000 | $ 1,028,789 | $ 139,000 |
| San Francisco-San Mateo-Redwood City, CA | 59 | $ 65,672,000 | $ 1,113,084 | $ 154,000 |
| Santa Ana-Anaheim-Irvine, CA | 53 | $ 60,824,000 | $ 1,147,622 | $ 201,000 |
| San Diego-Carlsbad-San Marcos, CA | 43 | $ 54,964,000 | $ 1,278,232 | $ 242,000 |
| Seattle-Bellevue-Everett, WA | 40 | $ 41,985,000 | $ 1,049,625 | $ 0 |
| Oakland-Fremont-Hayward, CA | 28 | $ 24,790,000 | $ 885,357 | $ 48,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 24 | $ 24,675,000 | $ 1,028,125 | $ 27,000 |
| Santa Rosa-Petaluma, CA | 20 | $ 13,201,000 | $ 660,050 | $ 177,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 9 | $ 9,452,000 | $ 1,050,222 | $ 190,000 |
| Napa, CA | 6 | $ 3,746,000 | $ 624,333 | $ 35,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 3 | $ 3,834,000 | $ 1,278,000 | $ 118,000 |
| San Luis Obispo-Paso Robles, CA | 1 | $ 293,000 | $ 293,000 | $ 732,000 |
| Santa Cruz-Watsonville, CA | 1 | $ 1,250,000 | $ 1,250,000 | $ 0 |
Mortgage Loan Application Detail Totals for Luther Burbank Savings in 2010
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 | 264 | $261,993,000 | $992,000 | $6,300,000 | $122,000 | $2,700,000 |
| Home Purchase | 242 | $251,939,000 | $1,041,000 | $4,620,000 | $171,000 | $2,429,000 |
| Home Improvement | 38 | $50,365,000 | $1,325,000 | $3,720,000 | $12,000 | $252,000 |
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 | 254 | $293,529,000 | $1,155,000 | $4,620,000 | $0 | $0 |
| White | 196 | $197,232,000 | $1,006,000 | $4,420,000 | $300,000 | $2,700,000 |
| Not Provided | 38 | $30,328,000 | $798,000 | $2,063,000 | $198,000 | $1,122,000 |
| Asian | 28 | $27,128,000 | $968,000 | $6,300,000 | $73,000 | $930,000 |
| Hispanic | 19 | $8,613,000 | $453,000 | $1,138,000 | $264,000 | $2,355,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $4,362,000 | $1,090,000 | $1,650,000 | $166,000 | $543,000 |
| Black or African American | 3 | $1,947,000 | $649,000 | $1,300,000 | $17,000 | $51,000 |
| American Indian or Alaskan Native | 2 | $1,158,000 | $579,000 | $613,000 | $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) | 544 | $564,297,000 | $1,037,000 | $6,300,000 | $136,000 | $2,700,000 |
| 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 | 339 | $363,740,000 | $1,072,000 | $6,300,000 | $97,000 | $2,700,000 |
| Application Denied By Financial Institution | 131 | $126,435,000 | $965,000 | $4,620,000 | $161,000 | $2,355,000 |
| File Closed For Incompleteness | 25 | $28,687,000 | $1,147,000 | $4,420,000 | $418,000 | $2,400,000 |
| Application Approved But Not Accepted | 22 | $25,714,000 | $1,168,000 | $3,500,000 | $244,000 | $1,050,000 |
| Application Withdrawn By Applicant | 22 | $19,365,000 | $880,000 | $3,200,000 | $186,000 | $1,122,000 |
| Preapproval Approved but not Accepted | 3 | $223,000 | $74,000 | $80,000 | $31,000 | $35,000 |
| Preapproval Denied by Financial Institution | 2 | $133,000 | $66,000 | $91,000 | $32,000 | $39,000 |
| Loan Purchased By The 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 | 53 | $52,727,000 | $994,000 | $4,620,000 | $79,000 | $894,000 |
| Debt-To-Income Ratio | 32 | $27,749,000 | $867,000 | $3,800,000 | $103,000 | $623,000 |
| Collateral | 31 | $31,440,000 | $1,014,000 | $3,000,000 | $307,000 | $2,355,000 |
| Credit History | 12 | $11,342,000 | $945,000 | $2,500,000 | $292,000 | $862,000 |
| Employment History | 3 | $2,177,000 | $725,000 | $1,330,000 | $214,000 | $301,000 |
| Unverifiable Information | 2 | $1,133,000 | $566,000 | $790,000 | $0 | $0 |
| Credit Application Incomplete | 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 2010 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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