Malaga Bank FSB Mortgage Lending & HMDA Data, 2010
In 2010, Malaga Bank FSB of Palos Verdes Estates, CA reported 159 mortgage applications totaling $135.0 million, up 5% from 2009. The average application was for $848,924, and applicants reported an average income of $113,566. 58% of its applications resulted in an originated loan and 25% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (128), Santa Ana-Anaheim-Irvine, CA (21) and Santa Barbara-Santa Maria-Goleta, CA (4) (applications in parentheses).
| Mortgage Company & Address | Malaga Bank FSB 2514 Via Tejon Palos Verdes Estates, CA 90274 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 | 159 |
| Total Mortgage Loan Application Amount | $134,979,000 |
| Average Mortgage Loan Application Amount | $848,924 |
| Highest Mortgage Loan Application Amount | $4,100,000 |
| Average Applicant Income | $113,566 |
| Highest Applicant Income | $4,340,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Malaga Bank FSB filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 128 | $ 111,979,000 | $ 874,835 | $ 114,000 |
| Santa Ana-Anaheim-Irvine, CA | 21 | $ 17,684,000 | $ 842,095 | $ 87,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 4 | $ 2,007,000 | $ 501,750 | $ 137,000 |
| San Diego-Carlsbad-San Marcos, CA | 3 | $ 1,439,000 | $ 479,666 | $ 364,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 2 | $ 1,120,000 | $ 560,000 | $ 0 |
| Riverside-San Bernardino-Ontario, CA | 1 | $ 750,000 | $ 750,000 | $ 0 |
Mortgage Loan Application Detail Totals for Malaga Bank FSB 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 | 83 | $64,518,000 | $777,000 | $3,900,000 | $54,000 | $1,031,000 |
| Home Purchase | 75 | $69,711,000 | $929,000 | $4,100,000 | $181,000 | $4,340,000 |
| Home Improvement | 1 | $750,000 | $750,000 | $750,000 | $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 |
|---|---|---|---|---|---|---|
| Not applicable | 94 | $89,541,000 | $952,000 | $4,100,000 | $0 | $0 |
| White | 51 | $35,876,000 | $703,000 | $2,200,000 | $287,000 | $4,340,000 |
| Not Provided | 5 | $3,297,000 | $659,000 | $1,100,000 | $305,000 | $1,031,000 |
| Asian | 5 | $3,945,000 | $789,000 | $1,450,000 | $243,000 | $573,000 |
| Hispanic | 4 | $2,320,000 | $580,000 | $868,000 | $183,000 | $550,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 159 | $134,979,000 | $848,000 | $4,100,000 | $114,000 | $4,340,000 |
| 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 | 92 | $69,730,000 | $757,000 | $4,100,000 | $76,000 | $1,815,000 |
| Application Denied By Financial Institution | 40 | $35,334,000 | $883,000 | $2,000,000 | $81,000 | $1,031,000 |
| Application Withdrawn By Applicant | 13 | $13,126,000 | $1,009,000 | $2,600,000 | $221,000 | $573,000 |
| File Closed For Incompleteness | 7 | $8,458,000 | $1,208,000 | $3,900,000 | $54,000 | $210,000 |
| Application Approved But Not Accepted | 7 | $8,331,000 | $1,190,000 | $3,500,000 | $662,000 | $4,340,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 22 | $20,652,000 | $938,000 | $2,000,000 | $109,000 | $1,031,000 |
| Credit History | 6 | $4,856,000 | $809,000 | $1,700,000 | $0 | $0 |
| Debt-To-Income Ratio | 4 | $3,921,000 | $980,000 | $1,781,000 | $8,000 | $33,000 |
| Credit Application Incomplete | 3 | $1,525,000 | $508,000 | $700,000 | $0 | $0 |
| Other | 3 | $2,952,000 | $984,000 | $1,285,000 | $183,000 | $550,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $1,428,000 | $714,000 | $878,000 | $131,000 | $263,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Malaga Bank FSB'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 Malaga Bank FSB'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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