New Wave Lending Group Inc Mortgage Lending & HMDA Data, 2023
In 2023, New Wave Lending Group Inc of City of Industry, CA reported 2,496 mortgage applications totaling $1.4 billion, down 36% from 2022. The average application was for $573,269, and applicants reported an average income of $254,242. 66% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (668), Anaheim-Santa Ana-Irvine, CA (346) and Riverside-San Bernardino-Ontario, CA (264) (applications in parentheses).
| Mortgage Company & Address | New Wave Lending Group Inc 17700 Castleton St. #268 City of Industry, CA 91748 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 |
| Total Number of Mortgage Applications | 2,496 |
| Total Mortgage Loan Application Amount | $1,430,880,000 |
| Average Mortgage Loan Application Amount | $573,269 |
| Highest Mortgage Loan Application Amount | $3,505,000 |
| Average Applicant Income | $254,242 |
| Highest Applicant Income | $5,491,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records New Wave Lending Group Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 668 | $ 466,280,000 | $ 698,023 | $ 306,000 |
| Anaheim-Santa Ana-Irvine, CA | 346 | $ 245,410,000 | $ 709,277 | $ 276,000 |
| Outside any metro area | 280 | $ 143,420,000 | $ 512,214 | $ 209,714 |
| Riverside-San Bernardino-Ontario, CA | 264 | $ 127,110,000 | $ 481,477 | $ 226,000 |
| Atlanta-Sandy Springs-Roswell, GA | 141 | $ 53,125,000 | $ 376,773 | $ 136,000 |
| Oakland-Hayward-Berkeley, CA | 95 | $ 65,605,000 | $ 690,578 | $ 455,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 76 | $ 31,910,000 | $ 419,868 | $ 283,000 |
| Houston-The Woodlands-Sugar Land, TX | 52 | $ 16,060,000 | $ 308,846 | $ 144,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 47 | $ 42,255,000 | $ 899,042 | $ 605,000 |
| San Diego-Carlsbad, CA | 42 | $ 27,290,000 | $ 649,761 | $ 204,000 |
| Orlando-Kissimmee-Sanford, FL | 33 | $ 12,985,000 | $ 393,484 | $ 94,000 |
| New York-Jersey City-White Plains, NY-NJ | 31 | $ 16,745,000 | $ 540,161 | $ 194,225 |
| Bakersfield, CA | 26 | $ 9,440,000 | $ 363,076 | $ 124,000 |
| Las Vegas-Henderson-Paradise, NV | 24 | $ 8,390,000 | $ 349,583 | $ 147,000 |
| Dallas-Plano-Irving, TX | 22 | $ 10,940,000 | $ 497,272 | $ 168,000 |
| San Francisco-Redwood City-South San Francisco, CA | 21 | $ 18,655,000 | $ 888,333 | $ 338,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 19 | $ 10,165,000 | $ 535,000 | $ 117,157 |
| Tampa-St. Petersburg-Clearwater, FL | 16 | $ 4,850,000 | $ 303,125 | $ 152,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 15 | $ 9,365,000 | $ 624,333 | $ 204,000 |
| Baltimore-Columbia-Towson, MD | 14 | $ 5,370,000 | $ 383,571 | $ 81,000 |
| Savannah, GA | 13 | $ 4,035,000 | $ 310,384 | $ 11,000 |
| Seattle-Bellevue-Everett, WA | 13 | $ 6,645,000 | $ 511,153 | $ 145,000 |
| Washington-Baltimore-Arlington, DC | 13 | $ 6,855,000 | $ 527,307 | $ 133,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 11 | $ 4,975,000 | $ 452,272 | $ 149,000 |
| Lakeland-Winter Haven, FL | 10 | $ 2,740,000 | $ 274,000 | $ 15,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 10 | $ 4,980,000 | $ 498,000 | $ 127,600 |
| Miami-Miami Beach-Kendall, FL | 9 | $ 6,395,000 | $ 710,555 | $ 359,000 |
| Stockton-Lodi, CA | 9 | $ 3,325,000 | $ 369,444 | $ 590,000 |
| Fort Worth-Arlington, TX | 8 | $ 1,940,000 | $ 242,500 | $ 17,000 |
| Fresno, CA | 8 | $ 4,100,000 | $ 512,500 | $ 363,000 |
| Phoenix-Mesa-Scottsdale, AZ | 8 | $ 4,280,000 | $ 535,000 | $ 210,000 |
| San Antonio-New Braunfels, TX | 7 | $ 1,765,000 | $ 252,142 | $ 131,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 7 | $ 3,225,000 | $ 460,714 | $ 278,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 6 | $ 1,580,000 | $ 263,333 | $ 73,000 |
| Modesto, CA | 6 | $ 2,610,000 | $ 435,000 | $ 149,000 |
| Vallejo-Fairfield, CA | 6 | $ 2,660,000 | $ 443,333 | $ 676,000 |
| Visalia-Porterville, CA | 6 | $ 1,960,000 | $ 326,666 | $ 208,000 |
| Chicago-Naperville, IL | 5 | $ 1,245,000 | $ 249,000 | $ 38,000 |
| Knoxville, TN | 5 | $ 935,000 | $ 187,000 | $ 0 |
| New York-Newark, NY | 5 | $ 3,125,000 | $ 625,000 | $ 247,000 |
| Reno, NV | 5 | $ 2,355,000 | $ 471,000 | $ 175,000 |
| Gainesville, GA | 4 | $ 1,170,000 | $ 292,500 | $ 98,000 |
| Naples-Immokalee-Marco Island, FL | 4 | $ 1,350,000 | $ 337,500 | $ 48,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 4 | $ 2,210,000 | $ 552,500 | $ 166,000 |
| Austin-Round Rock, TX | 3 | $ 995,000 | $ 331,666 | $ 120,000 |
| Madera, CA | 3 | $ 765,000 | $ 255,000 | $ 622,000 |
| North Port-Sarasota-Bradenton, FL | 3 | $ 1,265,000 | $ 421,666 | $ 84,000 |
| Salinas, CA | 3 | $ 2,395,000 | $ 798,333 | $ 1,389,000 |
| Warner Robins, GA | 3 | $ 555,000 | $ 185,000 | $ 26,000 |
| Boston, MA | 2 | $ 670,000 | $ 335,000 | $ 45,000 |
| Camden, NJ | 2 | $ 470,000 | $ 235,000 | $ 82,000 |
| Columbus, OH | 2 | $ 320,000 | $ 160,000 | $ 0 |
| Davenport-Moline-Rock Island, IA-IL | 2 | $ 340,000 | $ 170,000 | $ 1,000 |
| Grand Rapids-Wyoming, MI | 2 | $ 560,000 | $ 280,000 | $ 0 |
| Jacksonville, FL | 2 | $ 540,000 | $ 270,000 | $ 32,000 |
| McAllen-Edinburg-Mission, TX | 2 | $ 620,000 | $ 310,000 | $ 36,000 |
| Midland, TX | 2 | $ 570,000 | $ 285,000 | $ 418,000 |
| Napa, CA | 2 | $ 1,290,000 | $ 645,000 | $ 0 |
| Ocala, FL | 2 | $ 470,000 | $ 235,000 | $ 30,000 |
| Olympia-Tumwater, WA | 2 | $ 850,000 | $ 425,000 | $ 88,000 |
| Port St. Lucie, FL | 2 | $ 650,000 | $ 325,000 | $ 267,000 |
| Redding, CA | 2 | $ 390,000 | $ 195,000 | $ 2,805,000 |
| Richmond, VA | 2 | $ 430,000 | $ 215,000 | $ 27,000 |
| San Rafael, CA | 2 | $ 1,860,000 | $ 930,000 | $ 866,000 |
| Auburn-Opelika, AL | 1 | $ 265,000 | $ 265,000 | $ 0 |
| Bangor, ME | 1 | $ 175,000 | $ 175,000 | $ 1,000 |
| Bend-Redmond, OR | 1 | $ 305,000 | $ 305,000 | $ 192,000 |
| California-Lexington Park, MD | 1 | $ 185,000 | $ 185,000 | $ 0 |
| Cape Coral-Fort Myers, FL | 1 | $ 315,000 | $ 315,000 | $ 189,000 |
| Charleston-North Charleston, SC | 1 | $ 305,000 | $ 305,000 | $ 260,000 |
| Charlotte-Concord-Gastonia, NC-SC | 1 | $ 215,000 | $ 215,000 | $ 0 |
| Charlottesville, VA | 1 | $ 265,000 | $ 265,000 | $ 72,000 |
| Clarksville, TN-KY | 1 | $ 225,000 | $ 225,000 | $ 86,000 |
| Cleveland-Elyria, OH | 1 | $ 415,000 | $ 415,000 | $ 0 |
| Columbus, GA-AL | 1 | $ 345,000 | $ 345,000 | $ 113,000 |
| Denver-Aurora-Lakewood, CO | 1 | $ 595,000 | $ 595,000 | $ 133,000 |
| Eugene, OR | 1 | $ 475,000 | $ 475,000 | $ 528,000 |
| Gulfport-Biloxi-Pascagoula, MS | 1 | $ 345,000 | $ 345,000 | $ 0 |
| Hanford-Corcoran, CA | 1 | $ 205,000 | $ 205,000 | $ 88,000 |
| Jackson, MS | 1 | $ 275,000 | $ 275,000 | $ 0 |
| Killeen-Temple, TX | 1 | $ 165,000 | $ 165,000 | $ 324,000 |
| Lake Havasu City-Kingman, AZ | 1 | $ 1,825,000 | $ 1,825,000 | $ 1,134,000 |
| Little Rock-North Little Rock-Conway, AR | 1 | $ 285,000 | $ 285,000 | $ 0 |
| Memphis, TN-MS-AR | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Montgomery County-Bucks County-Chester County, PA | 1 | $ 295,000 | $ 295,000 | $ 121,000 |
| Montgomery, AL | 1 | $ 485,000 | $ 485,000 | $ 0 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 465,000 | $ 465,000 | $ 122,000 |
| New Orleans-Metairie, LA | 1 | $ 285,000 | $ 285,000 | $ 0 |
| Oklahoma City, OK | 1 | $ 155,000 | $ 155,000 | $ 0 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 245,000 | $ 245,000 | $ 73,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 355,000 | $ 355,000 | $ 195,000 |
| Providence-Warwick, RI-MA | 1 | $ 145,000 | $ 145,000 | $ 0 |
| Salt Lake City, UT | 1 | $ 635,000 | $ 635,000 | $ 183,000 |
| San Angelo, TX | 1 | $ 55,000 | $ 55,000 | $ 37,000 |
| Santa Cruz-Watsonville, CA | 1 | $ 905,000 | $ 905,000 | $ 334,000 |
| Santa Maria-Santa Barbara, CA | 1 | $ 395,000 | $ 395,000 | $ 180,000 |
| Santa Rosa, CA | 1 | $ 435,000 | $ 435,000 | $ 135,000 |
| Tyler, TX | 1 | $ 295,000 | $ 295,000 | $ 0 |
| Urban Honolulu, HI | 1 | $ 215,000 | $ 215,000 | $ 0 |
| Waco, TX | 1 | $ 235,000 | $ 235,000 | $ 254,000 |
| Winchester, VA-WV | 1 | $ 155,000 | $ 155,000 | $ 0 |
Mortgage Loan Application Detail Totals for New Wave Lending Group Inc in 2023
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 1,983 | $1,135,595,000 | $572,000 | $3,225,000 | $227,000 | $5,491,000 |
| Cash-out Refinancing | 320 | $184,430,000 | $576,000 | $3,005,000 | $237,000 | $2,699,000 |
| Refinancing | 192 | $110,600,000 | $576,000 | $3,505,000 | $563,000 | $3,976,000 |
| Other Purpose | 1 | $255,000 | $255,000 | $255,000 | $512,000 | $512,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 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 | 1,441 | $835,715,000 | $579,000 | $3,505,000 | $254,000 | $5,491,000 |
| Asian | 814 | $441,540,000 | $542,000 | $2,505,000 | $251,000 | $2,944,000 |
| White | 135 | $97,105,000 | $719,000 | $2,455,000 | $328,000 | $2,937,000 |
| Hispanic | 83 | $43,045,000 | $518,000 | $2,555,000 | $188,000 | $1,134,000 |
| Black or African American | 14 | $7,750,000 | $553,000 | $945,000 | $164,000 | $322,000 |
| American Indian or Alaskan Native | 2 | $1,070,000 | $535,000 | $565,000 | $162,000 | $213,000 |
| 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) | 2,442 | $1,403,280,000 | $574,000 | $3,505,000 | $257,000 | $5,491,000 |
| FHA-insured (Federal Housing Administration) | 54 | $27,600,000 | $511,000 | $875,000 | $136,000 | $262,000 |
| 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 | 1,637 | $917,215,000 | $560,000 | $3,225,000 | $245,000 | $3,976,000 |
| Application Withdrawn By Applicant | 778 | $471,590,000 | $606,000 | $3,505,000 | $279,000 | $5,491,000 |
| File Closed For Incompleteness | 37 | $15,835,000 | $427,000 | $1,085,000 | $85,000 | $322,000 |
| Application Approved But Not Accepted | 32 | $21,280,000 | $665,000 | $1,805,000 | $363,000 | $1,996,000 |
| Application Denied By Financial Institution | 11 | $4,565,000 | $415,000 | $885,000 | $88,000 | $240,000 |
| Loan Purchased By The Institution | 1 | $395,000 | $395,000 | $395,000 | $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 | 2,485 | $1,426,315,000 | $573,000 | $3,505,000 | $255,000 | $5,491,000 |
| Collateral | 5 | $1,555,000 | $311,000 | $595,000 | $73,000 | $203,000 |
| Debt-To-Income Ratio | 3 | $2,245,000 | $748,000 | $885,000 | $148,000 | $240,000 |
| Employment History | 2 | $610,000 | $305,000 | $325,000 | $80,000 | $94,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $155,000 | $155,000 | $155,000 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into New Wave Lending Group Inc's 2023 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 Wave Lending Group 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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