Novelle Financial Services, in Mortgage Lending & HMDA Data, 2008

In 2008, Novelle Financial Services, in of Irvine, CA reported 454 mortgage applications totaling $81.8 million, down 68% from 2007. The average application was for $180,200, and applicants reported an average income of $57,837. 9% of its applications resulted in an originated loan and 58% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (88), Baton Rouge, LA (36) and Memphis, TN-MS-AR (33) (applications in parentheses).

Mortgage Company & Address Novelle Financial Services, in
19500 Jamboree Road, Ste. 102
Irvine, CA 92612
Tel #: available with data download
Federal Regulator * available with data download
Years 2008  2007  
Total Number of Mortgage Applications 454
Total Mortgage Loan Application Amount $81,811,000
Average Mortgage Loan Application Amount $180,200
Highest Mortgage Loan Application Amount $875,000
Average Applicant Income $57,837
Highest Applicant Income $1,020,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Novelle Financial Services, in filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Novelle Financial Services, in by County in 2008

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Gwinnett, Georgia 20 $ 3,570,000 $ 178,500 $ 38,000
DeSoto, Mississippi 20 $ 3,124,000 $ 156,200 $ 54,000
East Baton Rouge, Louisiana 18 $ 3,270,000 $ 181,666 $ 59,000
Jefferson, Alabama 16 $ 2,558,000 $ 159,875 $ 70,000
Jefferson, Louisiana 14 $ 2,423,000 $ 173,071 $ 53,000
Shelby, Tennessee 13 $ 2,049,000 $ 157,615 $ 54,000
Cobb, Georgia 10 $ 1,603,000 $ 160,300 $ 45,000
Mobile, Alabama 9 $ 1,331,000 $ 147,888 $ 48,000
Henry, Georgia 9 $ 1,758,000 $ 195,333 $ 55,000
Montgomery, Alabama 8 $ 1,126,000 $ 140,750 $ 41,000
Orange, California 8 $ 3,067,000 $ 383,375 $ 92,000
Davidson, Tennessee 8 $ 1,143,000 $ 142,875 $ 25,000
Richmond, Georgia 7 $ 992,000 $ 141,714 $ 43,000
Livingston, Louisiana 7 $ 1,158,000 $ 165,428 $ 76,000
Fairfax, Virginia 7 $ 3,856,000 $ 550,857 $ 163,000
Clayton, Georgia 6 $ 873,000 $ 145,500 $ 31,000
Fulton, Georgia 6 $ 1,002,000 $ 167,000 $ 59,000
Hinds, Mississippi 6 $ 734,000 $ 122,333 $ 49,000
San Bernardino, California 5 $ 928,000 $ 185,600 $ 67,000
DeKalb, Georgia 5 $ 835,000 $ 167,000 $ 47,000
Newton, Georgia 5 $ 757,000 $ 151,400 $ 21,000
Marion, Indiana 5 $ 639,000 $ 127,800 $ 33,000
Orleans, Louisiana 5 $ 640,000 $ 128,000 $ 21,000
St. Tammany, Louisiana 5 $ 710,000 $ 142,000 $ 49,000
Shelby, Alabama 4 $ 895,000 $ 223,750 $ 77,000
Los Angeles, California 4 $ 774,000 $ 193,500 $ 65,000
Forsyth, Georgia 4 $ 920,000 $ 230,000 $ 58,000
Paulding, Georgia 4 $ 580,000 $ 145,000 $ 52,000
Walton, Georgia 4 $ 546,000 $ 136,500 $ 52,000
Ascension, Louisiana 4 $ 836,000 $ 209,000 $ 322,000
Douglas, Nebraska 4 $ 595,000 $ 148,750 $ 53,000
Williamson, Tennessee 4 $ 800,000 $ 200,000 $ 69,000
Baldwin, Alabama 3 $ 549,000 $ 183,000 $ 67,000
Maricopa, Arizona 3 $ 591,000 $ 197,000 $ 49,000
Palm Beach, Florida 3 $ 967,000 $ 322,333 $ 52,000
Cherokee, Georgia 3 $ 443,000 $ 147,666 $ 35,000
Columbia, Georgia 3 $ 547,000 $ 182,333 $ 71,000
Douglas, Georgia 3 $ 732,000 $ 244,000 $ 51,000
Hall, Georgia 3 $ 484,000 $ 161,333 $ 31,000
Allen, Indiana 3 $ 435,000 $ 145,000 $ 20,000
Lake, Indiana 3 $ 470,000 $ 156,666 $ 60,000
Iberville, Louisiana 3 $ 656,000 $ 218,666 $ 57,000
Ouachita, Louisiana 3 $ 508,000 $ 169,333 $ 105,000
Pointe Coupee, Louisiana 3 $ 480,000 $ 160,000 $ 44,000
Terrebonne, Louisiana 3 $ 373,000 $ 124,333 $ 65,000
Taney, Missouri 3 $ 440,000 $ 146,666 $ 25,000
Knox, Tennessee 3 $ 393,000 $ 131,000 $ 46,000
Rutherford, Tennessee 3 $ 645,000 $ 215,000 $ 49,000
Wilson, Tennessee 3 $ 343,000 $ 114,333 $ 32,000
Faulkner, Arkansas 2 $ 302,000 $ 151,000 $ 38,000
Pulaski, Arkansas 2 $ 265,000 $ 132,500 $ 32,000
Riverside, California 2 $ 505,000 $ 252,500 $ 64,000
San Diego, California 2 $ 946,000 $ 473,000 $ 124,000
Hillsborough, Florida 2 $ 427,000 $ 213,500 $ 89,000
Manatee, Florida 2 $ 448,000 $ 224,000 $ 50,000
Orange, Florida 2 $ 459,000 $ 229,500 $ 71,000
Barrow, Georgia 2 $ 242,000 $ 121,000 $ 42,000
Bibb, Georgia 2 $ 352,000 $ 176,000 $ 64,000
Chatham, Georgia 2 $ 265,000 $ 132,500 $ 42,000
Fannin, Georgia 2 $ 432,000 $ 216,000 $ 70,000
Calcasieu, Louisiana 2 $ 278,000 $ 139,000 $ 93,000
Lafayette, Louisiana 2 $ 176,000 $ 88,000 $ 27,000
Tangipahoa, Louisiana 2 $ 281,000 $ 140,500 $ 73,000
Harrison, Mississippi 2 $ 230,000 $ 115,000 $ 54,000
Rankin, Mississippi 2 $ 240,000 $ 120,000 $ 32,000
Clay, Missouri 2 $ 298,000 $ 149,000 $ 42,000
Bernalillo, New Mexico 2 $ 350,000 $ 175,000 $ 82,000
Loudon, Tennessee 2 $ 336,000 $ 168,000 $ 31,000
Unicoi, Tennessee 2 $ 225,000 $ 112,500 $ 23,000
Dallas, Texas 2 $ 437,000 $ 218,500 $ 102,000
Prince William, Virginia 2 $ 782,000 $ 391,000 $ 93,000
Virginia Beach, Virginia 2 $ 501,000 $ 250,500 $ 87,000
Clark, Washington 2 $ 310,000 $ 155,000 $ 43,000
Snohomish, Washington 2 $ 498,000 $ 249,000 $ 77,000
Blount, Alabama 1 $ 100,000 $ 100,000 $ 0
Elmore, Alabama 1 $ 193,000 $ 193,000 $ 90,000
Marshall, Alabama 1 $ 76,000 $ 76,000 $ 38,000
Coconino, Arizona 1 $ 256,000 $ 256,000 $ 55,000
Yavapai, Arizona 1 $ 294,000 $ 294,000 $ 78,000
Yuma, Arizona 1 $ 108,000 $ 108,000 $ 52,000
Calaveras, California 1 $ 214,000 $ 214,000 $ 45,000
Marin, California 1 $ 315,000 $ 315,000 $ 150,000
Duval, Florida 1 $ 97,000 $ 97,000 $ 41,000
Hernando, Florida 1 $ 234,000 $ 234,000 $ 41,000
Indian River, Florida 1 $ 130,000 $ 130,000 $ 0
Miami-Dade, Florida 1 $ 127,000 $ 127,000 $ 38,000
Osceola, Florida 1 $ 417,000 $ 417,000 $ 150,000
St. Lucie, Florida 1 $ 208,000 $ 208,000 $ 47,000
Bartow, Georgia 1 $ 106,000 $ 106,000 $ 83,000
Carroll, Georgia 1 $ 127,000 $ 127,000 $ 60,000
Catoosa, Georgia 1 $ 142,000 $ 142,000 $ 56,000
Coweta, Georgia 1 $ 225,000 $ 225,000 $ 73,000
Dawson, Georgia 1 $ 283,000 $ 283,000 $ 178,000
Dougherty, Georgia 1 $ 99,000 $ 99,000 $ 14,000
Haralson, Georgia 1 $ 117,000 $ 117,000 $ 0
Jackson, Georgia 1 $ 390,000 $ 390,000 $ 75,000
Jones, Georgia 1 $ 157,000 $ 157,000 $ 0
Madison, Georgia 1 $ 249,000 $ 249,000 $ 54,000
Rockdale, Georgia 1 $ 112,000 $ 112,000 $ 29,000
Spalding, Georgia 1 $ 147,000 $ 147,000 $ 83,000
Thomas, Georgia 1 $ 137,000 $ 137,000 $ 42,000
Whitfield, Georgia 1 $ 129,000 $ 129,000 $ 36,000
Worth, Georgia 1 $ 124,000 $ 124,000 $ 75,000
Hamilton, Indiana 1 $ 155,000 $ 155,000 $ 32,000
Hancock, Indiana 1 $ 188,000 $ 188,000 $ 54,000
Hendricks, Indiana 1 $ 127,000 $ 127,000 $ 50,000
St. Joseph, Indiana 1 $ 120,000 $ 120,000 $ 0
Tippecanoe, Indiana 1 $ 153,000 $ 153,000 $ 0
Assumption, Louisiana 1 $ 226,000 $ 226,000 $ 57,000
Bossier, Louisiana 1 $ 238,000 $ 238,000 $ 102,000
Catahoula, Louisiana 1 $ 74,000 $ 74,000 $ 96,000
De Soto, Louisiana 1 $ 98,000 $ 98,000 $ 26,000
Jackson, Louisiana 1 $ 110,000 $ 110,000 $ 13,000
Lafourche, Louisiana 1 $ 611,000 $ 611,000 $ 240,000
St. Bernard, Louisiana 1 $ 163,000 $ 163,000 $ 53,000
St. John the Baptist, Louisiana 1 $ 56,000 $ 56,000 $ 41,000
West Baton Rouge, Louisiana 1 $ 275,000 $ 275,000 $ 107,000
Ingham, Michigan 1 $ 153,000 $ 153,000 $ 0
Ramsey, Minnesota 1 $ 203,000 $ 203,000 $ 17,000
St. Louis, Minnesota 1 $ 87,000 $ 87,000 $ 48,000
Wright, Minnesota 1 $ 198,000 $ 198,000 $ 64,000
Grenada, Mississippi 1 $ 164,000 $ 164,000 $ 87,000
Hancock, Mississippi 1 $ 84,000 $ 84,000 $ 23,000
Jones, Mississippi 1 $ 62,000 $ 62,000 $ 79,000
Lafayette, Mississippi 1 $ 73,000 $ 73,000 $ 53,000
Lincoln, Mississippi 1 $ 117,000 $ 117,000 $ 58,000
Oktibbeha, Mississippi 1 $ 92,000 $ 92,000 $ 71,000
Pearl River, Mississippi 1 $ 81,000 $ 81,000 $ 43,000
Cass, Missouri 1 $ 154,000 $ 154,000 $ 0
Franklin, Missouri 1 $ 135,000 $ 135,000 $ 24,000
Jackson, Missouri 1 $ 138,000 $ 138,000 $ 38,000
Jasper, Missouri 1 $ 252,000 $ 252,000 $ 80,000
Jefferson, Missouri 1 $ 130,000 $ 130,000 $ 68,000
St. Charles, Missouri 1 $ 194,000 $ 194,000 $ 60,000
Stone, Missouri 1 $ 150,000 $ 150,000 $ 75,000
Lancaster, Nebraska 1 $ 120,000 $ 120,000 $ 31,000
Belknap, New Hampshire 1 $ 217,000 $ 217,000 $ 48,000
Hillsborough, New Hampshire 1 $ 328,000 $ 328,000 $ 38,000
Rockingham, New Hampshire 1 $ 195,000 $ 195,000 $ 57,000
Osage, Oklahoma 1 $ 183,000 $ 183,000 $ 66,000
Rogers, Oklahoma 1 $ 183,000 $ 183,000 $ 71,000
Tulsa, Oklahoma 1 $ 102,000 $ 102,000 $ 0
Charleston, South Carolina 1 $ 81,000 $ 81,000 $ 64,000
Anderson, Tennessee 1 $ 153,000 $ 153,000 $ 47,000
Bradley, Tennessee 1 $ 118,000 $ 118,000 $ 45,000
DeKalb, Tennessee 1 $ 92,000 $ 92,000 $ 26,000
Dyer, Tennessee 1 $ 126,000 $ 126,000 $ 66,000
Grainger, Tennessee 1 $ 128,000 $ 128,000 $ 36,000
Greene, Tennessee 1 $ 180,000 $ 180,000 $ 58,000
Hamblen, Tennessee 1 $ 160,000 $ 160,000 $ 65,000
Hamilton, Tennessee 1 $ 261,000 $ 261,000 $ 68,000
Madison, Tennessee 1 $ 163,000 $ 163,000 $ 22,000
Marion, Tennessee 1 $ 189,000 $ 189,000 $ 100,000
McMinn, Tennessee 1 $ 112,000 $ 112,000 $ 14,000
Montgomery, Tennessee 1 $ 61,000 $ 61,000 $ 35,000
Pickett, Tennessee 1 $ 265,000 $ 265,000 $ 52,000
Putnam, Tennessee 1 $ 87,000 $ 87,000 $ 45,000
Robertson, Tennessee 1 $ 106,000 $ 106,000 $ 75,000
Sevier, Tennessee 1 $ 158,000 $ 158,000 $ 48,000
Sumner, Tennessee 1 $ 100,000 $ 100,000 $ 112,000
Van Buren, Tennessee 1 $ 83,000 $ 83,000 $ 0
Washington, Tennessee 1 $ 98,000 $ 98,000 $ 41,000
Midland, Texas 1 $ 114,000 $ 114,000 $ 107,000
Parker, Texas 1 $ 243,000 $ 243,000 $ 130,000
Chesapeake, Virginia 1 $ 307,000 $ 307,000 $ 65,000
Chesterfield, Virginia 1 $ 283,000 $ 283,000 $ 0
Culpeper, Virginia 1 $ 413,000 $ 413,000 $ 30,000
Newport News, Virginia 1 $ 94,000 $ 94,000 $ 38,000
Smyth, Virginia 1 $ 356,000 $ 356,000 $ 60,000
Grant, Washington 1 $ 123,000 $ 123,000 $ 59,000
King, Washington 1 $ 150,000 $ 150,000 $ 38,000
Spokane, Washington 1 $ 196,000 $ 196,000 $ 60,000
Thurston, Washington 1 $ 376,000 $ 376,000 $ 116,000

Mortgage Loan Application Detail Totals for Novelle Financial Services, in in 2008

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 380 $69,143,000 $181,000 $875,000 $58,000 $1,020,000
Home Purchase 74 $12,668,000 $171,000 $667,000 $57,000 $168,000
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 255 $45,024,000 $176,000 $555,000 $61,000 $1,020,000
Black or African American 100 $16,044,000 $160,000 $730,000 $46,000 $229,000
Not Provided 62 $12,856,000 $207,000 $720,000 $61,000 $240,000
Hispanic 32 $6,290,000 $196,000 $875,000 $48,000 $156,000
Asian 3 $1,072,000 $357,000 $611,000 $124,000 $142,000
American Indian or Alaskan Native 1 $417,000 $417,000 $417,000 $168,000 $168,000
Native Hawaiian or Other Pacific Islander 1 $108,000 $108,000 $108,000 $80,000 $80,000
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
FHA-insured (Federal Housing Administration) 307 $51,625,000 $168,000 $667,000 $48,000 $240,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 139 $29,015,000 $208,000 $875,000 $78,000 $1,020,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 8 $1,171,000 $146,000 $179,000 $49,000 $75,000
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 Denied By Financial Institution 264 $44,188,000 $167,000 $875,000 $48,000 $229,000
Application Withdrawn By Applicant 145 $29,171,000 $201,000 $720,000 $70,000 $1,020,000
Loan Originated 43 $7,865,000 $182,000 $417,000 $73,000 $168,000
File Closed For Incompleteness 1 $219,000 $219,000 $219,000 $90,000 $90,000
Application Approved But Not Accepted 1 $368,000 $368,000 $368,000 $79,000 $79,000
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 167 $27,479,000 $164,000 $875,000 $45,000 $229,000
Debt-To-Income Ratio 29 $5,443,000 $187,000 $611,000 $42,000 $142,000
Collateral 21 $3,578,000 $170,000 $252,000 $66,000 $180,000
Insufficient Cash (Downpayment, Closing Cost) 8 $1,193,000 $149,000 $200,000 $51,000 $93,000
Other 8 $1,502,000 $187,000 $417,000 $54,000 $150,000
Unverifiable Information 2 $307,000 $153,000 $185,000 $45,000 $50,000
Credit Application Incomplete 1 $111,000 $111,000 $111,000 $79,000 $79,000
Employment History 1 $174,000 $174,000 $174,000 $60,000 $60,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Novelle Financial Services, in's 2008 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 Novelle Financial Services, in'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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