Mortgagetree Lending Mortgage Lending & HMDA Data, 2006

In 2006, Mortgagetree Lending of Modesto, CA reported 3,330 mortgage applications totaling $654.8 million, down 11% from 2005. The average application was for $196,621, and applicants reported an average income of $83,000. 79% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Bakersfield, CA (262), Los Angeles-Long Beach-Glendale, CA (259) and Riverside-San Bernardino-Ontario, CA (232) (applications in parentheses).

Mortgage Company & Address Mortgagetree Lending
100 Poplar Avenue
Modesto, CA 95354
Tel #: available with data download
Federal Regulator * available with data download
Years 2006  2005  2004  2003  
Total Number of Mortgage Applications 3,330
Total Mortgage Loan Application Amount $654,751,000
Average Mortgage Loan Application Amount $196,621
Highest Mortgage Loan Application Amount $1,400,000
Average Applicant Income $83,000
Highest Applicant Income $1,830,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mortgagetree Lending filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for Mortgagetree Lending by Metropolitan Area in 2006

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Bakersfield, CA 262 $ 52,687,000 $ 201,095 $ 78,000
Los Angeles-Long Beach-Glendale, CA 259 $ 80,254,000 $ 309,861 $ 101,000
Riverside-San Bernardino-Ontario, CA 232 $ 58,658,000 $ 252,836 $ 93,000
Phoenix-Mesa-Scottsdale, AZ 217 $ 42,898,000 $ 197,686 $ 85,000
Kansas City, MO-KS 172 $ 25,016,000 $ 145,441 $ 87,604
Visalia-Porterville, CA 138 $ 24,921,000 $ 180,586 $ 79,000
Chicago-Naperville-Joliet, IL 119 $ 21,558,000 $ 181,159 $ 62,000
Las Vegas-Paradise, NV 112 $ 22,586,000 $ 201,660 $ 106,000
Allentown-Bethlehem-Easton, PA-NJ 106 $ 14,495,000 $ 136,745 $ 65,528
Springfield, MA 96 $ 12,950,000 $ 134,895 $ 71,000
Modesto, CA 95 $ 22,344,000 $ 235,200 $ 91,000
Detroit-Livonia-Dearborn, MI 76 $ 7,151,000 $ 94,092 $ 56,000
Cleveland-Elyria-Mentor, OH 64 $ 7,366,000 $ 115,093 $ 67,000
Orlando-Kissimmee, FL 58 $ 11,181,000 $ 192,775 $ 66,000
Sarasota-Bradenton-Venice, FL 50 $ 14,451,000 $ 289,020 $ 147,000
Louisville-Jefferson County, KY-IN 47 $ 5,798,000 $ 123,361 $ 55,829
Yuma, AZ 40 $ 7,638,000 $ 190,950 $ 67,000
Warren-Troy-Farmington Hills, MI 35 $ 6,803,000 $ 194,371 $ 95,000
Washington-Arlington-Alexandria, DC-VA-MD-WV 34 $ 9,408,000 $ 276,705 $ 69,058
Baton Rouge, LA 33 $ 3,013,000 $ 91,303 $ 38,000
Santa Ana-Anaheim-Irvine, CA 30 $ 10,650,000 $ 355,000 $ 73,000
Camden, NJ 29 $ 4,635,000 $ 159,827 $ 60,000
Edison, NJ 29 $ 7,389,000 $ 254,793 $ 78,000
Salt Lake City, UT 27 $ 4,748,000 $ 175,851 $ 77,000
Denver-Aurora, CO 24 $ 4,966,000 $ 206,916 $ 94,000
Santa Barbara-Santa Maria, CA 24 $ 8,223,000 $ 342,625 $ 98,000
St. Louis, MO-IL 24 $ 2,885,000 $ 120,208 $ 52,250
Stockton, CA 24 $ 5,273,000 $ 219,708 $ 95,000
Atlanta-Sandy Springs-Marietta, GA 22 $ 3,916,000 $ 178,000 $ 100,000
Brownsville-Harlingen, TX 22 $ 2,074,000 $ 94,272 $ 58,000
Jacksonville, FL 22 $ 2,873,000 $ 130,590 $ 73,000
Sacramento--Arden-Arcade--Roseville, CA 22 $ 5,850,000 $ 265,909 $ 131,000
Seattle-Bellevue-Everett, WA 22 $ 4,655,000 $ 211,590 $ 89,000
Newark-Union, NJ-PA 20 $ 4,793,000 $ 239,650 $ 69,000
San Antonio, TX 16 $ 2,232,000 $ 139,500 $ 135,000
Fresno, CA 15 $ 3,391,000 $ 226,066 $ 86,000
Boise City-Nampa, ID 14 $ 2,203,000 $ 157,357 $ 62,000
Tucson, AZ 14 $ 2,404,000 $ 171,714 $ 71,000
Boston-Quincy, MA 13 $ 4,397,000 $ 338,230 $ 124,000
Tampa-St. Petersburg-Clearwater, FL 13 $ 2,017,000 $ 155,153 $ 102,000
Austin-Round Rock, TX 12 $ 1,434,000 $ 119,500 $ 74,000
Charlotte-Gastonia-Concord, NC-SC 11 $ 1,201,000 $ 109,181 $ 51,000
Philadelphia, PA 11 $ 1,874,000 $ 170,363 $ 74,000
Rocky Mount, NC 11 $ 1,115,000 $ 101,363 $ 55,000
San Diego-Carlsbad-San Marcos, CA 11 $ 4,233,000 $ 384,818 $ 169,000
Coeur D'Alene, ID 10 $ 1,095,000 $ 109,500 $ 190,000
New York-White Plains-Wayne, NY-NJ 10 $ 3,478,000 $ 347,800 $ 84,000
Oakland-Fremont-Hayward, CA 10 $ 4,755,000 $ 475,500 $ 184,000
Winston-Salem, NC 10 $ 1,175,000 $ 117,500 $ 58,000
Cambridge-Newton-Framingham, MA 9 $ 2,864,000 $ 318,222 $ 126,000
Dallas-Plano-Irving, TX 9 $ 1,924,000 $ 213,777 $ 93,000
Hartford-West Hartford-East Hartford, CT 8 $ 1,619,000 $ 202,375 $ 107,000
Raleigh-Cary, NC 8 $ 998,000 $ 124,750 $ 83,000
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 7 $ 2,030,000 $ 290,000 $ 88,000
Oxnard-Thousand Oaks-Ventura, CA 7 $ 2,726,000 $ 389,428 $ 218,000
San Luis Obispo-Paso Robles, CA 7 $ 1,966,000 $ 280,857 $ 164,000
Tacoma, WA 7 $ 978,000 $ 139,714 $ 77,000
Baltimore-Towson, MD 6 $ 1,671,000 $ 278,500 $ 59,000
Greensboro-High Point, NC 6 $ 608,000 $ 101,333 $ 64,000
Indianapolis-Carmel, IN 6 $ 541,000 $ 90,166 $ 59,000
Prescott, AZ 6 $ 1,240,000 $ 206,666 $ 109,000
Sandusky, OH 6 $ 576,000 $ 96,000 $ 55,000
Atlantic City, NJ 5 $ 977,000 $ 195,400 $ 65,000
Corpus Christi, TX 5 $ 267,000 $ 53,400 $ 107,000
Fayetteville, NC 5 $ 420,000 $ 84,000 $ 51,000
Fort Worth-Arlington, TX 5 $ 1,469,000 $ 293,800 $ 55,000
Lake County-Kenosha County, IL-WI 5 $ 1,782,000 $ 356,400 $ 77,000
Nashville-Davidson--Murfreesboro, TN 5 $ 773,000 $ 154,600 $ 80,000
Rockford, IL 5 $ 351,000 $ 70,200 $ 43,000
Trenton-Ewing, NJ 5 $ 679,000 $ 135,800 $ 52,000
Worcester, MA 5 $ 759,000 $ 151,800 $ 114,000
Bethesda-Gaithersburg-Frederick, MD 4 $ 1,252,000 $ 313,000 $ 85,000
Cape Coral-Fort Myers, FL 4 $ 465,000 $ 116,250 $ 59,000
Eugene-Springfield, OR 4 $ 746,000 $ 186,500 $ 55,000
McAllen-Edinburg-Mission, TX 4 $ 326,000 $ 81,500 $ 51,000
Mount Vernon-Anacortes, WA 4 $ 1,266,000 $ 316,500 $ 141,000
Ogden-Clearfield, UT 4 $ 424,000 $ 106,000 $ 43,000
Portland-Vancouver-Beaverton, OR-WA 4 $ 1,038,000 $ 259,500 $ 45,000
Punta Gorda, FL 4 $ 608,000 $ 152,000 $ 163,000
Springfield, MO 4 $ 806,000 $ 201,500 $ 86,000
Virginia Beach-Norfolk-Newport News, VA-NC 4 $ 498,000 $ 124,500 $ 67,250
Wilmington, DE-MD-NJ 4 $ 712,000 $ 178,000 $ 45,000
Wilmington, NC 4 $ 514,000 $ 128,500 $ 68,000
Ann Arbor, MI 3 $ 317,000 $ 105,666 $ 85,000
Cincinnati-Middletown, OH-KY-IN 3 $ 523,000 $ 174,333 $ 79,666
Colorado Springs, CO 3 $ 431,000 $ 143,666 $ 66,000
Durham, NC 3 $ 465,000 $ 155,000 $ 54,000
Flagstaff, AZ 3 $ 629,000 $ 209,666 $ 83,000
Fort Collins-Loveland, CO 3 $ 720,000 $ 240,000 $ 100,000
Hanford-Corcoran, CA 3 $ 385,000 $ 128,333 $ 59,000
Hickory-Lenoir-Morganton, NC 3 $ 330,000 $ 110,000 $ 40,000
Holland-Grand Haven, MI 3 $ 405,000 $ 135,000 $ 92,000
Houston-Sugar Land-Baytown, TX 3 $ 596,000 $ 198,666 $ 96,000
Kingsport-Bristol-Bristol, TN-VA 3 $ 291,000 $ 97,000 $ 22,000
Minneapolis-St. Paul-Bloomington, MN-WI 3 $ 508,000 $ 169,333 $ 71,000
Olympia, WA 3 $ 643,000 $ 214,333 $ 83,000
Redding, CA 3 $ 1,363,000 $ 454,333 $ 159,000
San Jose-Sunnyvale-Santa Clara, CA 3 $ 1,439,000 $ 479,666 $ 160,000
South Bend-Mishawaka, IN-MI 3 $ 300,000 $ 100,000 $ 121,000
Spokane, WA 3 $ 434,000 $ 144,666 $ 134,000
Vineland-Millville-Bridgeton, NJ 3 $ 377,000 $ 125,666 $ 32,000
Albuquerque, NM 2 $ 342,000 $ 171,000 $ 147,000
Asheville, NC 2 $ 218,000 $ 109,000 $ 38,000
Bend, OR 2 $ 576,000 $ 288,000 $ 108,000
Burlington, NC 2 $ 166,000 $ 83,000 $ 28,000
Deltona-Daytona Beach-Ormond Beach, FL 2 $ 239,000 $ 119,500 $ 94,000
El Centro, CA 2 $ 533,000 $ 266,500 $ 189,000
El Paso, TX 2 $ 274,000 $ 137,000 $ 203,000
Flint, MI 2 $ 295,000 $ 147,500 $ 99,000
Florence, SC 2 $ 195,000 $ 97,500 $ 34,000
Greenville, NC 2 $ 152,000 $ 76,000 $ 44,000
Huntsville, AL 2 $ 742,000 $ 371,000 $ 115,000
Killeen-Temple-Fort Hood, TX 2 $ 243,000 $ 121,500 $ 81,000
Merced, CA 2 $ 652,000 $ 326,000 $ 42,000
Miami-Miami Beach-Kendall, FL 2 $ 391,000 $ 195,500 $ 84,000
Naples-Marco Island, FL 2 $ 600,000 $ 300,000 $ 90,000
Pittsburgh, PA 2 $ 149,000 $ 74,500 $ 29,000
Providence-New Bedford-Fall River, RI-MA 2 $ 580,000 $ 290,000 $ 110,000
Provo-Orem, UT 2 $ 314,000 $ 157,000 $ 41,000
Reading, PA 2 $ 292,000 $ 146,000 $ 62,000
Salinas, CA 2 $ 581,000 $ 290,500 $ 61,000
Santa Cruz-Watsonville, CA 2 $ 1,321,000 $ 660,500 $ 413,000
Scranton--Wilkes-Barre, PA 2 $ 180,000 $ 90,000 $ 30,000
Wichita, KS 2 $ 211,000 $ 105,500 $ 118,000
Yakima, WA 2 $ 271,000 $ 135,500 $ 62,000
York-Hanover, PA 2 $ 165,000 $ 82,500 $ 84,000
Akron, OH 1 $ 106,000 $ 106,000 $ 34,000
Battle Creek, MI 1 $ 122,000 $ 122,000 $ 50,000
Bay City, MI 1 $ 95,000 $ 95,000 $ 35,000
Birmingham-Hoover, AL 1 $ 90,000 $ 90,000 $ 0
Chattanooga, TN-GA 1 $ 248,000 $ 248,000 $ 86,000
Davenport-Moline-Rock Island, IA-IL 1 $ 169,000 $ 169,000 $ 67,000
Elizabethtown, KY 1 $ 300,000 $ 300,000 $ 80,000
Essex County, MA 1 $ 295,000 $ 295,000 $ 88,000
Fort Walton Beach-Crestview-Destin, FL 1 $ 160,000 $ 160,000 $ 64,000
Gainesville, GA 1 $ 169,000 $ 169,000 $ 62,000
Gary, IN 1 $ 180,000 $ 180,000 $ 93,000
Goldsboro, NC 1 $ 78,000 $ 78,000 $ 34,000
Grand Rapids-Wyoming, MI 1 $ 224,000 $ 224,000 $ 55,000
Greenville, SC 1 $ 168,000 $ 168,000 $ 82,000
Honolulu, HI 1 $ 380,000 $ 380,000 $ 50,000
Kalamazoo-Portage, MI 1 $ 133,000 $ 133,000 $ 80,000
Kankakee-Bradley, IL 1 $ 124,000 $ 124,000 $ 88,000
Knoxville, TN 1 $ 64,000 $ 64,000 $ 53,000
Lawrence, KS 1 $ 123,000 $ 123,000 $ 41,000
Madera, CA 1 $ 216,000 $ 216,000 $ 83,000
Mobile, AL 1 $ 280,000 $ 280,000 $ 80,000
Myrtle Beach-Conway-North Myrtle Beach, SC 1 $ 162,000 $ 162,000 $ 54,000
Niles-Benton Harbor, MI 1 $ 342,000 $ 342,000 $ 87,000
Norwich-New London, CT 1 $ 205,000 $ 205,000 $ 60,000
Ocala, FL 1 $ 185,000 $ 185,000 $ 44,000
Ocean City, NJ 1 $ 177,000 $ 177,000 $ 69,000
Panama City-Lynn Haven, FL 1 $ 269,000 $ 269,000 $ 389,000
Pensacola-Ferry Pass-Brent, FL 1 $ 132,000 $ 132,000 $ 47,000
Peoria, IL 1 $ 117,000 $ 117,000 $ 45,000
San Francisco-San Mateo-Redwood City, CA 1 $ 512,000 $ 512,000 $ 446,000
Spartanburg, SC 1 $ 118,000 $ 118,000 $ 31,000
St. Joseph, MO-KS 1 $ 76,000 $ 76,000 $ 31,000
State College, PA 1 $ 105,000 $ 105,000 $ 86,000
Terre Haute, IN 1 $ 176,000 $ 176,000 $ 70,000
Tuscaloosa, AL 1 $ 80,000 $ 80,000 $ 90,000
Youngstown-Warren-Boardman, OH-PA 1 $ 135,000 $ 135,000 $ 95,000

Mortgage Loan Application Detail Totals for Mortgagetree Lending in 2006

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 1,757 $378,785,000 $215,000 $1,400,000 $83,000 $1,830,000
Home Purchase 1,573 $275,966,000 $175,000 $999,000 $83,000 $540,000
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 1,872 $368,536,000 $196,000 $1,400,000 $87,000 $1,830,000
Hispanic 800 $172,049,000 $215,000 $999,000 $79,000 $1,800,000
Black or African American 331 $48,569,000 $146,000 $750,000 $65,000 $545,000
Not Provided 245 $47,269,000 $192,000 $850,000 $75,000 $372,000
Asian 55 $12,287,000 $223,000 $825,000 $123,000 $360,000
Native Hawaiian or Other Pacific Islander 14 $3,641,000 $260,000 $700,000 $69,000 $228,000
American Indian or Alaskan Native 13 $2,400,000 $184,000 $520,000 $84,000 $165,000
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) 2,792 $580,811,000 $208,000 $1,400,000 $89,000 $1,830,000
FHA-insured (Federal Housing Administration) 501 $66,999,000 $133,000 $368,000 $51,000 $160,000
VA-guaranteed (Veterans Administration) 37 $6,941,000 $187,000 $351,000 $66,000 $148,000
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 2,639 $518,814,000 $196,000 $1,000,000 $81,000 $1,830,000
Application Withdrawn By Applicant 275 $57,961,000 $210,000 $1,400,000 $85,000 $574,000
Application Approved But Not Accepted 253 $48,648,000 $192,000 $845,000 $93,000 $545,000
Application Denied By Financial Institution 83 $16,403,000 $197,000 $919,000 $89,000 $468,000
File Closed For Incompleteness 80 $12,925,000 $161,000 $992,000 $76,000 $389,000
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
Credit History 8 $1,892,000 $236,000 $919,000 $77,000 $250,000
Debt-To-Income Ratio 3 $487,000 $162,000 $300,000 $62,000 $112,000
Other 2 $48,000 $24,000 $26,000 $0 $0
Unverifiable Information 2 $282,000 $141,000 $183,000 $68,000 $71,000
Collateral 1 $480,000 $480,000 $480,000 $0 $0
Credit Application Incomplete 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 Mortgagetree Lending's 2006 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 Mortgagetree Lending'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.
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