National Mortgage Network, Inc Mortgage Lending & HMDA Data, 2005
In 2005, National Mortgage Network, Inc of Laguna Hills, CA reported 1,742 mortgage applications totaling $334.4 million, down 14% from 2004. The average application was for $191,982, and applicants reported an average income of $68,092. 38% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (115), Riverside-San Bernardino-Ontario, CA (79) and Virginia Beach-Norfolk-Newport News, VA-NC (54) (applications in parentheses).
| Mortgage Company & Address | National Mortgage Network, Inc 23461 Southpoint Drive #260 Laguna Hills, CA 92653 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 |
| Total Number of Mortgage Applications | 1,742 |
| Total Mortgage Loan Application Amount | $334,433,000 |
| Average Mortgage Loan Application Amount | $191,982 |
| Highest Mortgage Loan Application Amount | $35,000,000 |
| Average Applicant Income | $68,092 |
| Highest Applicant Income | $598,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records National Mortgage Network, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for National Mortgage Network, Inc 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 |
|---|---|---|---|---|---|---|
| Refinancing | 1,662 | $316,167,000 | $178,476 | $35,000,000 | $63,428 | $598,000 |
| Home Purchase | 80 | $18,266,000 | $167,357 | $743,000 | $79,857 | $334,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not Provided | 776 | $125,049,000 | $144,400 | $1,385,000 | $62,650 | $598,000 |
| White | 731 | $168,599,000 | $219,850 | $35,000,000 | $66,450 | $449,000 |
| Black or African American | 127 | $19,816,000 | $137,071 | $746,000 | $53,857 | $239,000 |
| Hispanic | 82 | $15,229,000 | $163,250 | $580,000 | $62,666 | $267,000 |
| American Indian or Alaskan Native | 12 | $2,159,000 | $164,000 | $508,000 | $77,125 | $334,000 |
| Asian | 10 | $3,207,000 | $293,333 | $557,000 | $101,000 | $201,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $374,000 | $100,333 | $152,000 | $65,666 | $83,000 |
| 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) | 1,742 | $334,433,000 | $178,047 | $35,000,000 | $64,333 | $598,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 929 | $191,729,000 | $184,904 | $35,000,000 | $62,952 | $598,000 |
| Loan Originated | 666 | $119,468,000 | $157,473 | $750,000 | $64,105 | $520,000 |
| Application Denied By Financial Institution | 90 | $13,111,000 | $139,200 | $880,000 | $62,800 | $328,000 |
| Application Approved But Not Accepted | 57 | $10,125,000 | $145,000 | $999,000 | $75,823 | $348,000 |
| 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 |
|---|---|---|---|---|---|---|
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $179,000 | $179,000 | $179,000 | $60,000 | $60,000 |
| Other | 1 | $44,000 | $44,000 | $44,000 | $79,000 | $79,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into National Mortgage Network, Inc'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 National Mortgage Network, 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.
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