Penflo Enterprises Inc Mortgage Lending & HMDA Data, 2008
In 2008, Penflo Enterprises Inc of Colton, CA reported 153 mortgage applications totaling $18.0 million, down 78% from 2007. The average application was for $117,908, and applicants reported an average income of $123,960. 6% of its applications resulted in an originated loan and 78% were denied. Its largest markets were Riverside-San Bernardino-Ontario, CA (72), Los Angeles-Long Beach-Glendale, CA (30) and Bakersfield, CA (18) (applications in parentheses).
| Mortgage Company & Address | Penflo Enterprises Inc 404 N. 7th Street Suite E Colton, CA 92324 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 |
| Total Number of Mortgage Applications | 153 |
| Total Mortgage Loan Application Amount | $18,040,000 |
| Average Mortgage Loan Application Amount | $117,908 |
| Highest Mortgage Loan Application Amount | $811,000 |
| Average Applicant Income | $123,960 |
| Highest Applicant Income | $600,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Penflo Enterprises Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Riverside-San Bernardino-Ontario, CA | 72 | $ 9,817,000 | $ 136,347 | $ 118,000 |
| Los Angeles-Long Beach-Glendale, CA | 30 | $ 3,289,000 | $ 109,633 | $ 126,000 |
| Bakersfield, CA | 18 | $ 1,156,000 | $ 64,222 | $ 94,000 |
| Fresno, CA | 12 | $ 1,011,000 | $ 84,250 | $ 113,000 |
| San Diego-Carlsbad-San Marcos, CA | 9 | $ 2,006,000 | $ 222,888 | $ 159,000 |
| El Centro, CA | 2 | $ 80,000 | $ 40,000 | $ 118,000 |
| Oakland-Fremont-Hayward, CA | 2 | $ 185,000 | $ 92,500 | $ 333,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 2 | $ 125,000 | $ 62,500 | $ 227,000 |
| Hanford-Corcoran, CA | 1 | $ 33,000 | $ 33,000 | $ 129,000 |
| Madera, CA | 1 | $ 33,000 | $ 33,000 | $ 96,000 |
| Modesto, CA | 1 | $ 29,000 | $ 29,000 | $ 123,000 |
| San Francisco-San Mateo-Redwood City, CA | 1 | $ 163,000 | $ 163,000 | $ 276,000 |
| Visalia-Porterville, CA | 1 | $ 63,000 | $ 63,000 | $ 102,000 |
Mortgage Loan Application Detail Totals for Penflo Enterprises Inc 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 |
|---|---|---|---|---|---|---|
| Home Improvement | 121 | $10,942,000 | $90,000 | $680,000 | $126,000 | $600,000 |
| Refinancing | 28 | $6,632,000 | $236,000 | $811,000 | $118,000 | $385,000 |
| Home Purchase | 4 | $466,000 | $116,000 | $308,000 | $104,000 | $183,000 |
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 | 109 | $12,093,000 | $110,000 | $680,000 | $131,000 | $600,000 |
| Hispanic | 41 | $5,011,000 | $122,000 | $373,000 | $104,000 | $248,000 |
| Asian | 3 | $936,000 | $312,000 | $811,000 | $128,000 | $180,000 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 153 | $18,040,000 | $117,000 | $811,000 | $124,000 | $600,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 120 | $13,834,000 | $115,000 | $811,000 | $123,000 | $600,000 |
| Application Withdrawn By Applicant | 12 | $1,642,000 | $136,000 | $408,000 | $105,000 | $173,000 |
| Application Approved But Not Accepted | 11 | $1,426,000 | $129,000 | $250,000 | $123,000 | $248,000 |
| Loan Originated | 9 | $1,021,000 | $113,000 | $360,000 | $150,000 | $359,000 |
| File Closed For Incompleteness | 1 | $117,000 | $117,000 | $117,000 | $183,000 | $183,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 54 | $5,521,000 | $102,000 | $680,000 | $128,000 | $600,000 |
| Debt-To-Income Ratio | 20 | $1,489,000 | $74,000 | $290,000 | $100,000 | $234,000 |
| Unverifiable Information | 18 | $2,791,000 | $155,000 | $811,000 | $154,000 | $300,000 |
| Credit History | 13 | $1,124,000 | $86,000 | $460,000 | $106,000 | $193,000 |
| Credit Application Incomplete | 12 | $2,070,000 | $172,000 | $500,000 | $119,000 | $260,000 |
| Employment History | 2 | $221,000 | $110,000 | $206,000 | $52,000 | $60,000 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Penflo Enterprises Inc'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 Penflo Enterprises 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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