New West Lending, Inc. Mortgage Lending & HMDA Data, 2006

In 2006, New West Lending, Inc. of Phoenix, AZ reported 683 mortgage applications totaling $150.9 million, down 44% from 2005. The average application was for $220,950, and applicants reported an average income of $111,042. 100% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (385), Prescott, AZ (10) and Cheyenne, WY (7) (applications in parentheses).

Mortgage Company & Address New West Lending, Inc.
7310 N. 16th Street, #170
Phoenix, AZ 85020
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 683
Total Mortgage Loan Application Amount $150,909,000
Average Mortgage Loan Application Amount $220,950
Highest Mortgage Loan Application Amount $2,071,000
Average Applicant Income $111,042
Highest Applicant Income $912,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records New West Lending, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for New West Lending, Inc. by County in 2006

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Maricopa, Arizona 353 $ 90,971,000 $ 257,708 $ 118,000
Pinal, Arizona 32 $ 5,489,000 $ 171,531 $ 59,000
Graham, Arizona 18 $ 2,192,000 $ 121,777 $ 47,000
Yavapai, Arizona 10 $ 2,348,000 $ 234,800 $ 257,000
Laramie, Wyoming 7 $ 1,205,000 $ 172,142 $ 80,000
Pima, Arizona 5 $ 753,000 $ 150,600 $ 38,000
Mohave, Arizona 4 $ 595,000 $ 148,750 $ 117,000
San Diego, California 3 $ 815,000 $ 271,666 $ 221,000
Cochise, Arizona 2 $ 251,000 $ 125,500 $ 57,000
Yuma, Arizona 2 $ 340,000 $ 170,000 $ 116,000
Los Angeles, California 2 $ 700,000 $ 350,000 $ 79,000
Monterey, California 2 $ 670,000 $ 335,000 $ 143,000
San Bernardino, California 2 $ 588,000 $ 294,000 $ 216,000
San Francisco, California 2 $ 543,000 $ 271,500 $ 140,000
Clark, Nevada 2 $ 382,000 $ 191,000 $ 101,000
Coconino, Arizona 1 $ 276,000 $ 276,000 $ 75,000
Navajo, Arizona 1 $ 348,000 $ 348,000 $ 175,000
Amador, California 1 $ 412,000 $ 412,000 $ 129,000
Orange, California 1 $ 250,000 $ 250,000 $ 140,000
Placer, California 1 $ 165,000 $ 165,000 $ 119,000
Santa Clara, California 1 $ 504,000 $ 504,000 $ 234,000
Boulder, Colorado 1 $ 731,000 $ 731,000 $ 240,000
San Miguel, Colorado 1 $ 407,000 $ 407,000 $ 390,000
Bernalillo, New Mexico 1 $ 306,000 $ 306,000 $ 79,000
Carbon, Wyoming 1 $ 82,000 $ 82,000 $ 38,000

Mortgage Loan Application Detail Totals for New West Lending, Inc. 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
Home Purchase 354 $74,826,000 $211,000 $2,000,000 $99,000 $780,000
Refinancing 328 $76,011,000 $231,000 $2,071,000 $124,000 $912,000
Home Improvement 1 $72,000 $72,000 $72,000 $124,000 $124,000

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 577 $130,181,000 $225,000 $2,071,000 $116,000 $912,000
Hispanic 60 $9,757,000 $162,000 $375,000 $66,000 $276,000
White 42 $9,757,000 $232,000 $700,000 $97,000 $348,000
Asian 2 $466,000 $233,000 $392,000 $134,000 $168,000
Black or African American 1 $564,000 $564,000 $564,000 $366,000 $366,000
Native Hawaiian or Other Pacific Islander 1 $184,000 $184,000 $184,000 $46,000 $46,000
Not applicable 0 $0 $0 $0 $0 $0
American Indian or Alaskan Native 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) 616 $140,013,000 $227,000 $2,071,000 $117,000 $912,000
FHA-insured (Federal Housing Administration) 34 $5,895,000 $173,000 $258,000 $57,000 $158,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 30 $4,484,000 $149,000 $542,000 $51,000 $168,000
VA-guaranteed (Veterans Administration) 3 $517,000 $172,000 $200,000 $75,000 $99,000

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 680 $150,598,000 $221,000 $2,071,000 $111,000 $912,000
Application Withdrawn By Applicant 3 $311,000 $103,000 $216,000 $120,000 $120,000
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
Application Approved But Not Accepted 0 $0 $0 $0 $0 $0
Application Denied By Financial Institution 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
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
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 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 West Lending, Inc.'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 New West Lending, 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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