Olympia Funding, Inc Mortgage Lending & HMDA Data, 2005
In 2005, Olympia Funding, Inc of Pleasanton, CA reported 338 mortgage applications totaling $73.4 million, up 216% from 2004. The average application was for $217,115, and applicants reported an average income of $120,281. 70% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Oakland-Fremont-Hayward, CA (79), Los Angeles-Long Beach-Glendale, CA (20) and Phoenix-Mesa-Scottsdale, AZ (18) (applications in parentheses).
| Mortgage Company & Address | Olympia Funding, Inc 7139 Koll Center Parkway Ste 100 Pleasanton, CA 94566 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 338 |
| Total Mortgage Loan Application Amount | $73,385,000 |
| Average Mortgage Loan Application Amount | $217,115 |
| Highest Mortgage Loan Application Amount | $1,395,000 |
| Average Applicant Income | $120,281 |
| Highest Applicant Income | $597,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Olympia Funding, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Alameda, California | 51 | $ 11,745,000 | $ 230,294 | $ 136,000 |
| Contra Costa, California | 28 | $ 8,724,000 | $ 311,571 | $ 140,000 |
| Los Angeles, California | 20 | $ 6,381,000 | $ 319,050 | $ 143,000 |
| Santa Clara, California | 17 | $ 5,840,000 | $ 343,529 | $ 143,000 |
| Clark, Nevada | 16 | $ 2,693,000 | $ 168,312 | $ 95,000 |
| Maricopa, Arizona | 15 | $ 2,475,000 | $ 165,000 | $ 173,000 |
| Cass, North Dakota | 14 | $ 1,082,000 | $ 77,285 | $ 45,000 |
| Bernalillo, New Mexico | 11 | $ 1,268,000 | $ 115,272 | $ 63,000 |
| San Joaquin, California | 10 | $ 2,534,000 | $ 253,400 | $ 111,000 |
| Washoe, Nevada | 9 | $ 1,553,000 | $ 172,555 | $ 139,000 |
| Duval, Florida | 8 | $ 854,000 | $ 106,750 | $ 61,000 |
| Prince George's, Maryland | 8 | $ 1,467,000 | $ 183,375 | $ 72,000 |
| Plymouth, Massachusetts | 8 | $ 1,636,000 | $ 204,500 | $ 130,000 |
| Palm Beach, Florida | 7 | $ 1,752,000 | $ 250,285 | $ 218,000 |
| Sacramento, California | 6 | $ 1,189,000 | $ 198,166 | $ 76,000 |
| Broward, Florida | 6 | $ 1,359,000 | $ 226,500 | $ 158,000 |
| Harris, Texas | 5 | $ 355,000 | $ 71,000 | $ 61,000 |
| San Francisco, California | 4 | $ 1,182,000 | $ 295,500 | $ 173,000 |
| Mohave, Arizona | 3 | $ 299,000 | $ 99,666 | $ 180,000 |
| Pinal, Arizona | 3 | $ 434,000 | $ 144,666 | $ 115,000 |
| Orange, California | 3 | $ 1,385,000 | $ 461,666 | $ 125,000 |
| San Diego, California | 3 | $ 705,000 | $ 235,000 | $ 72,000 |
| San Mateo, California | 3 | $ 774,000 | $ 258,000 | $ 164,000 |
| Sonoma, California | 3 | $ 1,204,000 | $ 401,333 | $ 313,000 |
| Pinellas, Florida | 3 | $ 418,000 | $ 139,333 | $ 104,000 |
| Middlesex, Massachusetts | 3 | $ 850,000 | $ 283,333 | $ 102,000 |
| Clay, Minnesota | 3 | $ 280,000 | $ 93,333 | $ 52,000 |
| Lyon, Nevada | 3 | $ 578,000 | $ 192,666 | $ 102,000 |
| Santa Fe, New Mexico | 3 | $ 507,000 | $ 169,000 | $ 110,000 |
| Fresno, California | 2 | $ 236,000 | $ 118,000 | $ 67,000 |
| Kern, California | 2 | $ 434,000 | $ 217,000 | $ 60,000 |
| Riverside, California | 2 | $ 900,000 | $ 450,000 | $ 192,000 |
| Solano, California | 2 | $ 914,000 | $ 457,000 | $ 96,000 |
| Stanislaus, California | 2 | $ 815,000 | $ 407,500 | $ 154,000 |
| Escambia, Florida | 2 | $ 207,000 | $ 103,500 | $ 77,000 |
| Cobb, Georgia | 2 | $ 219,000 | $ 109,500 | $ 48,000 |
| Anne Arundel, Maryland | 2 | $ 510,000 | $ 255,000 | $ 174,000 |
| Los Alamos, New Mexico | 2 | $ 165,000 | $ 82,500 | $ 83,000 |
| Sandoval, New Mexico | 2 | $ 550,000 | $ 275,000 | $ 139,000 |
| Mecklenburg, North Carolina | 2 | $ 198,000 | $ 99,000 | $ 200,000 |
| Foster, North Dakota | 2 | $ 304,000 | $ 152,000 | $ 190,000 |
| Richland, North Dakota | 2 | $ 35,000 | $ 17,500 | $ 40,000 |
| Grayson, Texas | 2 | $ 132,000 | $ 66,000 | $ 114,000 |
| Pima, Arizona | 1 | $ 157,000 | $ 157,000 | $ 297,000 |
| Kings, California | 1 | $ 25,000 | $ 25,000 | $ 129,000 |
| Merced, California | 1 | $ 448,000 | $ 448,000 | $ 218,000 |
| Placer, California | 1 | $ 56,000 | $ 56,000 | $ 63,000 |
| San Bernardino, California | 1 | $ 185,000 | $ 185,000 | $ 31,000 |
| Tulare, California | 1 | $ 142,000 | $ 142,000 | $ 132,000 |
| Ventura, California | 1 | $ 250,000 | $ 250,000 | $ 88,000 |
| Fairfield, Connecticut | 1 | $ 424,000 | $ 424,000 | $ 150,000 |
| District of Columbia, District Of Columbia | 1 | $ 124,000 | $ 124,000 | $ 63,000 |
| Hillsborough, Florida | 1 | $ 128,000 | $ 128,000 | $ 55,000 |
| Lee, Florida | 1 | $ 352,000 | $ 352,000 | $ 132,000 |
| Martin, Florida | 1 | $ 174,000 | $ 174,000 | $ 79,000 |
| Miami-Dade, Florida | 1 | $ 198,000 | $ 198,000 | $ 107,000 |
| Osceola, Florida | 1 | $ 291,000 | $ 291,000 | $ 54,000 |
| St. Johns, Florida | 1 | $ 248,000 | $ 248,000 | $ 66,000 |
| Forsyth, Georgia | 1 | $ 160,000 | $ 160,000 | $ 138,000 |
| Peoria, Illinois | 1 | $ 69,000 | $ 69,000 | $ 155,000 |
| St. Joseph, Indiana | 1 | $ 162,000 | $ 162,000 | $ 111,000 |
| Reno, Kansas | 1 | $ 98,000 | $ 98,000 | $ 48,000 |
| Charles, Maryland | 1 | $ 243,000 | $ 243,000 | $ 83,000 |
| Frederick, Maryland | 1 | $ 200,000 | $ 200,000 | $ 24,000 |
| Montgomery, Maryland | 1 | $ 504,000 | $ 504,000 | $ 150,000 |
| Hampshire, Massachusetts | 1 | $ 35,000 | $ 35,000 | $ 63,000 |
| Worcester, Massachusetts | 1 | $ 302,000 | $ 302,000 | $ 176,000 |
| Cass, Michigan | 1 | $ 180,000 | $ 180,000 | $ 109,000 |
| Wayne, Michigan | 1 | $ 18,000 | $ 18,000 | $ 294,000 |
| Kent, Rhode Island | 1 | $ 155,000 | $ 155,000 | $ 125,000 |
| Providence, Rhode Island | 1 | $ 207,000 | $ 207,000 | $ 120,000 |
| Orange, Texas | 1 | $ 66,000 | $ 66,000 | $ 21,000 |
| Randall, Texas | 1 | $ 130,000 | $ 130,000 | $ 66,000 |
| Rockwall, Texas | 1 | $ 43,000 | $ 43,000 | $ 117,000 |
| San Patricio, Texas | 1 | $ 136,000 | $ 136,000 | $ 77,000 |
| Williamson, Texas | 1 | $ 170,000 | $ 170,000 | $ 102,000 |
| Pierce, Washington | 1 | $ 163,000 | $ 163,000 | $ 36,000 |
Mortgage Loan Application Detail Totals for Olympia Funding, 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 182 | $33,392,000 | $145,312 | $1,395,000 | $111,187 | $409,000 |
| Refinancing | 155 | $39,665,000 | $176,714 | $900,000 | $100,428 | $597,000 |
| Home Improvement | 1 | $328,000 | $328,000 | $328,000 | $85,000 | $85,000 |
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 |
|---|---|---|---|---|---|---|
| White | 195 | $42,291,000 | $167,388 | $1,395,000 | $102,222 | $444,000 |
| Not Provided | 57 | $13,882,000 | $191,833 | $900,000 | $112,833 | $597,000 |
| Hispanic | 34 | $7,178,000 | $190,142 | $480,000 | $106,428 | $396,000 |
| Black or African American | 26 | $4,923,000 | $166,000 | $468,000 | $109,666 | $319,000 |
| Asian | 20 | $4,427,000 | $199,000 | $504,000 | $128,833 | $409,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $684,000 | $96,666 | $333,000 | $99,666 | $119,000 |
| 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) | 338 | $73,385,000 | $158,550 | $1,395,000 | $109,300 | $597,000 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 238 | $48,304,000 | $166,562 | $825,000 | $100,562 | $444,000 |
| Application Approved But Not Accepted | 32 | $8,019,000 | $144,444 | $810,000 | $159,333 | $396,000 |
| Application Withdrawn By Applicant | 29 | $9,266,000 | $162,142 | $1,395,000 | $130,000 | $597,000 |
| Application Denied By Financial Institution | 23 | $4,218,000 | $170,200 | $840,000 | $99,100 | $308,000 |
| File Closed For Incompleteness | 8 | $2,368,000 | $263,000 | $690,000 | $98,666 | $193,000 |
| Loan Purchased By The Institution | 8 | $1,210,000 | $126,666 | $324,000 | $95,000 | $139,000 |
| 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 | 8 | $2,073,000 | $198,500 | $840,000 | $103,500 | $308,000 |
| Debt-To-Income Ratio | 3 | $461,000 | $153,666 | $250,000 | $87,000 | $117,000 |
| Other | 3 | $422,000 | $140,000 | $256,000 | $131,000 | $162,000 |
| Collateral | 2 | $304,000 | $152,000 | $152,000 | $190,000 | $190,000 |
| Unverifiable Information | 1 | $132,000 | $132,000 | $132,000 | $30,000 | $30,000 |
| Employment History | 1 | $169,000 | $169,000 | $169,000 | $144,000 | $144,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Olympia Funding, 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 Olympia Funding, 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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