Mortgage 2000, Inc. Mortgage Lending & HMDA Data, 2021
In 2021, Mortgage 2000, Inc. of Redondo Beach, CA reported 648 mortgage applications totaling $348.9 million, up 27% from 2020. The average application was for $538,348, and applicants reported an average income of $181,847. 83% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (474), Riverside-San Bernardino-Ontario, CA (68) and Anaheim-Santa Ana-Irvine, CA (52) (applications in parentheses).
| Mortgage Company & Address | Mortgage 2000, Inc. 215 Avenue I, Suite 104 Redondo Beach, CA 90277 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2021 2020 2019 2018 2017 |
| Total Number of Mortgage Applications | 648 |
| Total Mortgage Loan Application Amount | $348,850,000 |
| Average Mortgage Loan Application Amount | $538,348 |
| Highest Mortgage Loan Application Amount | $3,005,000 |
| Average Applicant Income | $181,847 |
| Highest Applicant Income | $910,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mortgage 2000, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 474 | $ 266,280,000 | $ 561,772 | $ 186,000 |
| Riverside-San Bernardino-Ontario, CA | 68 | $ 27,090,000 | $ 398,382 | $ 138,000 |
| Anaheim-Santa Ana-Irvine, CA | 52 | $ 27,800,000 | $ 534,615 | $ 193,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 19 | $ 11,175,000 | $ 588,157 | $ 199,000 |
| Oakland-Hayward-Berkeley, CA | 7 | $ 4,285,000 | $ 612,142 | $ 157,000 |
| San Diego-Carlsbad, CA | 6 | $ 3,270,000 | $ 545,000 | $ 145,000 |
| Bakersfield, CA | 3 | $ 815,000 | $ 271,666 | $ 111,000 |
| Chico, CA | 3 | $ 515,000 | $ 171,666 | $ 117,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 3 | $ 2,275,000 | $ 758,333 | $ 228,000 |
| Santa Maria-Santa Barbara, CA | 3 | $ 1,635,000 | $ 545,000 | $ 124,000 |
| Outside any metro area | 2 | $ 480,000 | $ 240,000 | $ 90,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 2 | $ 1,100,000 | $ 550,000 | $ 535,000 |
| El Centro, CA | 1 | $ 245,000 | $ 245,000 | $ 105,000 |
| Merced, CA | 1 | $ 535,000 | $ 535,000 | $ 248,000 |
| Modesto, CA | 1 | $ 185,000 | $ 185,000 | $ 91,000 |
| Santa Cruz-Watsonville, CA | 1 | $ 505,000 | $ 505,000 | $ 659,000 |
| Santa Rosa, CA | 1 | $ 295,000 | $ 295,000 | $ 74,000 |
| Vallejo-Fairfield, CA | 1 | $ 365,000 | $ 365,000 | $ 90,000 |
Mortgage Loan Application Detail Totals for Mortgage 2000, Inc. in 2021
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 | 321 | $161,695,000 | $503,000 | $3,005,000 | $192,000 | $910,000 |
| Cash-out Refinancing | 205 | $111,885,000 | $545,000 | $1,445,000 | $173,000 | $774,000 |
| Home Purchase | 122 | $75,270,000 | $616,000 | $1,955,000 | $170,000 | $702,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 386 | $211,170,000 | $547,000 | $3,005,000 | $193,000 | $910,000 |
| Hispanic | 124 | $56,310,000 | $454,000 | $1,115,000 | $141,000 | $702,000 |
| Asian | 67 | $37,515,000 | $559,000 | $1,345,000 | $183,000 | $420,000 |
| Not Provided | 38 | $24,370,000 | $641,000 | $1,755,000 | $180,000 | $505,000 |
| Black or African American | 19 | $11,105,000 | $584,000 | $1,955,000 | $132,000 | $327,000 |
| American Indian or Alaskan Native | 2 | $1,120,000 | $560,000 | $645,000 | $109,000 | $112,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 626 | $335,530,000 | $535,000 | $3,005,000 | $185,000 | $910,000 |
| VA-guaranteed (Veterans Administration) | 20 | $12,490,000 | $624,000 | $1,955,000 | $81,000 | $327,000 |
| FHA-insured (Federal Housing Administration) | 2 | $830,000 | $415,000 | $465,000 | $127,000 | $143,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 541 | $288,335,000 | $532,000 | $3,005,000 | $181,000 | $910,000 |
| Application Withdrawn By Applicant | 60 | $32,610,000 | $543,000 | $1,225,000 | $169,000 | $520,000 |
| Application Approved But Not Accepted | 40 | $24,620,000 | $615,000 | $1,545,000 | $214,000 | $528,000 |
| Application Denied By Financial Institution | 7 | $3,285,000 | $469,000 | $1,065,000 | $126,000 | $278,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 641 | $345,565,000 | $539,000 | $3,005,000 | $182,000 | $910,000 |
| Credit History | 3 | $995,000 | $331,000 | $505,000 | $102,000 | $154,000 |
| Debt-To-Income Ratio | 2 | $1,250,000 | $625,000 | $1,065,000 | $191,000 | $278,000 |
| Employment History | 1 | $685,000 | $685,000 | $685,000 | $124,000 | $124,000 |
| Collateral | 1 | $355,000 | $355,000 | $355,000 | $72,000 | $72,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 Mortgage 2000, Inc.'s 2021 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 Mortgage 2000, 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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