New American Funding, Llc. Mortgage Lending & HMDA Data, 2009

In 2009, New American Funding, Llc. of Tustin, CA reported 4,691 mortgage applications totaling $1.2 billion, up 624% from 2008. The average application was for $252,873, and applicants reported an average income of $12,303. 69% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Riverside-San Bernardino-Ontario, CA (409), Los Angeles-Long Beach-Glendale, CA (266) and Santa Ana-Anaheim-Irvine, CA (250) (applications in parentheses).

Mortgage Company & Address New American Funding, Llc.
14511 Myford Road, Suite 100
Tustin, CA 92780
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 4,691
Total Mortgage Loan Application Amount $1,186,231,000
Average Mortgage Loan Application Amount $252,873
Highest Mortgage Loan Application Amount $743,000
Average Applicant Income $12,303
Highest Applicant Income $628,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records New American Funding, Llc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 New American Funding, Llc. by Metropolitan Area in 2009

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Riverside-San Bernardino-Ontario, CA 409 $ 101,228,000 $ 247,501 $ 15,000
Los Angeles-Long Beach-Glendale, CA 266 $ 87,176,000 $ 327,729 $ 26,000
Santa Ana-Anaheim-Irvine, CA 250 $ 91,826,000 $ 367,304 $ 72,000
Denver-Aurora-Broomfield, CO 244 $ 55,913,000 $ 229,151 $ 6,000
Atlanta-Sandy Springs-Marietta, GA 156 $ 30,784,000 $ 197,333 $ 5,000
Seattle-Bellevue-Everett, WA 147 $ 43,520,000 $ 296,054 $ 6,000
Portland-Vancouver-Beaverton, OR-WA 139 $ 35,343,000 $ 254,266 $ 1,697
San Diego-Carlsbad-San Marcos, CA 119 $ 37,969,000 $ 319,067 $ 16,000
Sacramento--Arden-Arcade--Roseville, CA 111 $ 31,257,000 $ 281,594 $ 4,000
Washington-Arlington-Alexandria, DC-VA-MD-WV 107 $ 31,981,000 $ 298,887 $ 9,457
Bakersfield, CA 99 $ 22,683,000 $ 229,121 $ 2,000
Nashville-Davidson--Murfreesboro--Franklin, TN 97 $ 19,888,000 $ 205,030 $ 1,000
Tacoma, WA 96 $ 25,202,000 $ 262,520 $ 2,000
Oakland-Fremont-Hayward, CA 86 $ 28,803,000 $ 334,918 $ 13,000
Minneapolis-St. Paul-Bloomington, MN-WI 82 $ 16,762,000 $ 204,414 $ 8,451
Baltimore-Towson, MD 79 $ 20,543,000 $ 260,037 $ 10,000
Stockton, CA 70 $ 16,550,000 $ 236,428 $ 5,000
Orlando-Kissimmee, FL 62 $ 14,623,000 $ 235,854 $ 10,000
Modesto, CA 56 $ 13,358,000 $ 238,535 $ 3,000
Fresno, CA 55 $ 13,610,000 $ 247,454 $ 8,000
Ogden-Clearfield, UT 54 $ 11,021,000 $ 204,092 $ 2,000
Colorado Springs, CO 49 $ 10,182,000 $ 207,795 $ 3,000
Provo-Orem, UT 49 $ 10,900,000 $ 222,448 $ 5,000
Tampa-St. Petersburg-Clearwater, FL 49 $ 10,468,000 $ 213,632 $ 5,000
Memphis, TN-MS-AR 44 $ 8,488,000 $ 192,909 $ 1,000
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 42 $ 10,302,000 $ 245,285 $ 3,000
Miami-Miami Beach-Kendall, FL 41 $ 10,041,000 $ 244,902 $ 7,000
Salem, OR 41 $ 8,217,000 $ 200,414 $ 2,000
Houston-Sugar Land-Baytown, TX 39 $ 7,577,000 $ 194,282 $ 9,000
Spokane, WA 39 $ 7,420,000 $ 190,256 $ 1,000
Olympia, WA 35 $ 8,717,000 $ 249,057 $ 9,000
Grand Junction, CO 34 $ 7,866,000 $ 231,352 $ 5,000
Knoxville, TN 33 $ 6,029,000 $ 182,696 $ 2,000
Dallas-Plano-Irving, TX 32 $ 6,082,000 $ 190,062 $ 0
San Jose-Sunnyvale-Santa Clara, CA 32 $ 13,962,000 $ 436,312 $ 27,000
Greeley, CO 31 $ 6,259,000 $ 201,903 $ 0
Austin-Round Rock, TX 27 $ 5,298,000 $ 196,222 $ 0
Merced, CA 27 $ 6,340,000 $ 234,814 $ 0
San Antonio, TX 27 $ 5,211,000 $ 193,000 $ 6,000
Oxnard-Thousand Oaks-Ventura, CA 26 $ 10,955,000 $ 421,346 $ 4,000
Bethesda-Frederick-Rockville, MD 25 $ 8,192,000 $ 327,680 $ 2,000
Milwaukee-Waukesha-West Allis, WI 25 $ 4,853,000 $ 194,120 $ 5,000
Jacksonville, FL 24 $ 5,385,000 $ 224,375 $ 10,000
Vallejo-Fairfield, CA 24 $ 6,630,000 $ 276,250 $ 2,000
Visalia-Porterville, CA 24 $ 4,855,000 $ 202,291 $ 3,000
Columbia, SC 23 $ 3,167,000 $ 137,695 $ 0
West Palm Beach-Boca Raton-Boynton Beach, FL 23 $ 5,498,000 $ 239,043 $ 3,000
Boston-Quincy, MA 22 $ 6,674,000 $ 303,363 $ 13,000
Richmond, VA 22 $ 4,440,000 $ 201,818 $ 3,000
Charleston-North Charleston-Summerville, SC 21 $ 3,706,000 $ 176,476 $ 0
Fort Collins-Loveland, CO 20 $ 4,613,000 $ 230,650 $ 2,000
Salinas, CA 20 $ 6,101,000 $ 305,050 $ 0
Bremerton-Silverdale, WA 19 $ 5,126,000 $ 269,789 $ 3,000
Greenville-Mauldin-Easley, SC 19 $ 3,187,000 $ 167,736 $ 0
Boulder, CO 18 $ 3,825,000 $ 212,500 $ 13,000
Virginia Beach-Norfolk-Newport News, VA-NC 18 $ 4,095,000 $ 227,500 $ 27,000
Yuba City, CA 18 $ 3,430,000 $ 190,555 $ 3,000
Fort Worth-Arlington, TX 17 $ 3,263,000 $ 191,941 $ 7,000
Hartford-West Hartford-East Hartford, CT 17 $ 3,867,000 $ 227,470 $ 27,000
Bellingham, WA 16 $ 4,137,000 $ 258,562 $ 5,000
Redding, CA 16 $ 3,644,000 $ 227,750 $ 14,000
Salt Lake City, UT 16 $ 4,159,000 $ 259,937 $ 7,000
St. Louis, MO-IL 16 $ 2,517,000 $ 157,312 $ 2,000
Eugene-Springfield, OR 15 $ 3,136,000 $ 209,066 $ 23,000
Bend, OR 14 $ 3,311,000 $ 236,500 $ 0
Medford, OR 14 $ 2,848,000 $ 203,428 $ 0
Santa Barbara-Santa Maria-Goleta, CA 14 $ 4,941,000 $ 352,928 $ 9,000
Honolulu, HI 13 $ 4,914,000 $ 378,000 $ 28,000
Santa Rosa-Petaluma, CA 13 $ 3,579,000 $ 275,307 $ 3,000
Worcester, MA 13 $ 2,921,000 $ 224,692 $ 18,000
Yakima, WA 13 $ 2,365,000 $ 181,923 $ 0
Augusta-Richmond County, GA-SC 12 $ 1,963,000 $ 163,583 $ 0
Chattanooga, TN-GA 12 $ 2,596,000 $ 216,333 $ 0
Cambridge-Newton-Framingham, MA 11 $ 3,817,000 $ 347,000 $ 93,000
El Centro, CA 11 $ 2,310,000 $ 210,000 $ 0
Madera-Chowchilla, CA 11 $ 2,208,000 $ 200,727 $ 0
Mount Vernon-Anacortes, WA 11 $ 2,804,000 $ 254,909 $ 14,000
Peabody, MA 11 $ 3,468,000 $ 315,272 $ 36,000
Port St. Lucie, FL 11 $ 2,375,000 $ 215,909 $ 11,000
Pueblo, CO 11 $ 2,150,000 $ 195,454 $ 0
Springfield, MA 11 $ 2,328,000 $ 211,636 $ 39,000
Bradenton-Sarasota-Venice, FL 10 $ 2,098,000 $ 209,800 $ 0
Bridgeport-Stamford-Norwalk, CT 10 $ 3,717,000 $ 371,700 $ 21,000
Hanford-Corcoran, CA 10 $ 2,156,000 $ 215,600 $ 11,000
Lakeland-Winter Haven, FL 10 $ 2,062,000 $ 206,200 $ 6,000
San Francisco-San Mateo-Redwood City, CA 10 $ 3,853,000 $ 385,300 $ 73,000
St. George, UT 10 $ 2,098,000 $ 209,800 $ 5,000
Kansas City, MO-KS 9 $ 1,275,000 $ 141,666 $ 2,000
Lake County-Kenosha County, IL-WI 9 $ 1,718,000 $ 190,888 $ 0
New Haven-Milford, CT 9 $ 2,012,000 $ 223,555 $ 19,000
Cleveland, TN 8 $ 1,492,000 $ 186,500 $ 0
Johnson City, TN 8 $ 1,610,000 $ 201,250 $ 0
Longview, WA 8 $ 1,572,000 $ 196,500 $ 10,000
Pensacola-Ferry Pass-Brent, FL 8 $ 1,602,000 $ 200,250 $ 0
Florence, SC 7 $ 1,020,000 $ 145,714 $ 0
Palm Bay-Melbourne-Titusville, FL 7 $ 1,458,000 $ 208,285 $ 0
Providence-New Bedford-Fall River, RI-MA 7 $ 1,682,000 $ 240,285 $ 56,000
San Luis Obispo-Paso Robles, CA 7 $ 1,985,000 $ 283,571 $ 34,000
Corvallis, OR 6 $ 1,451,000 $ 241,833 $ 0
Hagerstown-Martinsburg, MD-WV 6 $ 1,382,000 $ 230,333 $ 0
Kennewick-Pasco-Richland, WA 6 $ 1,173,000 $ 195,500 $ 0
Myrtle Beach-North Myrtle Beach-Conway, SC 6 $ 1,034,000 $ 172,333 $ 11,000
Norwich-New London, CT 6 $ 1,307,000 $ 217,833 $ 0
Punta Gorda, FL 6 $ 1,274,000 $ 212,333 $ 7,000
Santa Cruz-Watsonville, CA 6 $ 2,984,000 $ 497,333 $ 43,000
Spartanburg, SC 6 $ 983,000 $ 163,833 $ 0
Anderson, SC 5 $ 860,000 $ 172,000 $ 15,000
Cape Coral-Fort Myers, FL 5 $ 1,073,000 $ 214,600 $ 8,000
El Paso, TX 5 $ 866,000 $ 173,200 $ 12,000
Fort Walton Beach-Crestview-Destin, FL 5 $ 1,162,000 $ 232,400 $ 10,000
Gainesville, FL 5 $ 906,000 $ 181,200 $ 0
Napa, CA 5 $ 1,721,000 $ 344,200 $ 0
Ocala, FL 5 $ 944,000 $ 188,800 $ 0
Salisbury, MD 5 $ 971,000 $ 194,200 $ 4,000
Tallahassee, FL 5 $ 1,139,000 $ 227,800 $ 15,000
Barnstable Town, MA 4 $ 1,444,000 $ 361,000 $ 53,000
Deltona-Daytona Beach-Ormond Beach, FL 4 $ 741,000 $ 185,250 $ 0
Green Bay, WI 4 $ 790,000 $ 197,500 $ 54,000
McAllen-Edinburg-Mission, TX 4 $ 752,000 $ 188,000 $ 0
Oshkosh-Neenah, WI 4 $ 576,000 $ 144,000 $ 0
Palm Coast, FL 4 $ 715,000 $ 178,750 $ 11,000
Panama City-Lynn Haven-Panama City Beach, FL 4 $ 924,000 $ 231,000 $ 0
Columbus, GA-AL 3 $ 583,000 $ 194,333 $ 0
Flint, MI 3 $ 669,000 $ 223,000 $ 0
Madison, WI 3 $ 609,000 $ 203,000 $ 0
Racine, WI 3 $ 769,000 $ 256,333 $ 65,000
Warren-Troy-Farmington Hills, MI 3 $ 585,000 $ 195,000 $ 0
Amarillo, TX 2 $ 346,000 $ 173,000 $ 0
Chico, CA 2 $ 545,000 $ 272,500 $ 29,000
Corpus Christi, TX 2 $ 328,000 $ 164,000 $ 0
Cumberland, MD-WV 2 $ 324,000 $ 162,000 $ 0
Gainesville, GA 2 $ 409,000 $ 204,500 $ 0
Kingsport-Bristol-Bristol, TN-VA 2 $ 441,000 $ 220,500 $ 0
Morristown, TN 2 $ 353,000 $ 176,500 $ 0
Naples-Marco Island, FL 2 $ 581,000 $ 290,500 $ 153,000
Pittsfield, MA 2 $ 353,000 $ 176,500 $ 0
Sebastian-Vero Beach, FL 2 $ 428,000 $ 214,000 $ 0
Appleton, WI 1 $ 220,000 $ 220,000 $ 0
Athens-Clarke County, GA 1 $ 268,000 $ 268,000 $ 0
Beaumont-Port Arthur, TX 1 $ 165,000 $ 165,000 $ 0
Charlottesville, VA 1 $ 242,000 $ 242,000 $ 0
Harrisonburg, VA 1 $ 224,000 $ 224,000 $ 70,000
Jackson, TN 1 $ 273,000 $ 273,000 $ 0
Joplin, MO 1 $ 119,000 $ 119,000 $ 0
Lansing-East Lansing, MI 1 $ 196,000 $ 196,000 $ 0
Midland, TX 1 $ 154,000 $ 154,000 $ 0
Roanoke, VA 1 $ 203,000 $ 203,000 $ 45,000
Savannah, GA 1 $ 262,000 $ 262,000 $ 0
Springfield, MO 1 $ 170,000 $ 170,000 $ 0
Sumter, SC 1 $ 143,000 $ 143,000 $ 0
Victoria, TX 1 $ 157,000 $ 157,000 $ 0
Wilmington, DE-MD-NJ 1 $ 224,000 $ 224,000 $ 0

Mortgage Loan Application Detail Totals for New American Funding, Llc. in 2009

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 4,543 $1,143,086,000 $251,000 $741,000 $10,000 $553,000
Home Purchase 148 $43,145,000 $291,000 $743,000 $83,000 $628,000
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 2,596 $647,988,000 $249,000 $743,000 $14,000 $628,000
Not Provided 999 $260,425,000 $260,000 $741,000 $9,000 $371,000
Hispanic 514 $126,921,000 $246,000 $726,000 $11,000 $311,000
Black or African American 381 $90,850,000 $238,000 $714,000 $6,000 $160,000
Asian 145 $44,200,000 $304,000 $673,000 $27,000 $239,000
Native Hawaiian or Other Pacific Islander 39 $11,342,000 $290,000 $531,000 $13,000 $165,000
American Indian or Alaskan Native 17 $4,505,000 $265,000 $631,000 $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
FHA-insured (Federal Housing Administration) 4,354 $1,076,658,000 $247,000 $743,000 $5,000 $289,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 325 $105,693,000 $325,000 $734,000 $111,000 $628,000
VA-guaranteed (Veterans Administration) 11 $3,606,000 $327,000 $592,000 $11,000 $78,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1 $274,000 $274,000 $274,000 $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 3,240 $822,921,000 $253,000 $741,000 $8,000 $628,000
Application Approved But Not Accepted 654 $158,644,000 $242,000 $741,000 $9,000 $339,000
Application Denied By Financial Institution 456 $111,084,000 $243,000 $743,000 $23,000 $302,000
Application Withdrawn By Applicant 340 $93,415,000 $274,000 $741,000 $38,000 $411,000
File Closed For Incompleteness 1 $167,000 $167,000 $167,000 $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
Credit History 167 $39,618,000 $237,000 $671,000 $11,000 $197,000
Collateral 86 $20,701,000 $240,000 $619,000 $34,000 $302,000
Debt-To-Income Ratio 59 $16,132,000 $273,000 $743,000 $46,000 $160,000
Other 45 $10,604,000 $235,000 $560,000 $26,000 $240,000
Insufficient Cash (Downpayment, Closing Cost) 42 $10,086,000 $240,000 $514,000 $21,000 $183,000
Unverifiable Information 23 $6,528,000 $283,000 $636,000 $17,000 $179,000
Employment History 15 $3,212,000 $214,000 $480,000 $20,000 $148,000
Mortgage Insurance Denied 4 $888,000 $222,000 $274,000 $79,000 $143,000
Credit Application Incomplete 1 $169,000 $169,000 $169,000 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into New American Funding, Llc.'s 2009 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 New American Funding, Llc.'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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