Platinum Capital Group Mortgage Lending & HMDA Data, 2004
In 2004, Platinum Capital Group of Irvine, CA reported 6,453 mortgage applications totaling $1.6 billion, down 5% from 2003. The average application was for $247,462, and applicants reported an average income of $80,033. 51% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (1,442), Chicago-Naperville-Joliet, IL (702) and Riverside-San Bernardino-Ontario, CA (582) (applications in parentheses).
| Mortgage Company & Address | Platinum Capital Group 17101 Armstrong Ave. Suite 200 Irvine, CA 92614 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 6,453 |
| Total Mortgage Loan Application Amount | $1,596,875,000 |
| Average Mortgage Loan Application Amount | $247,462 |
| Highest Mortgage Loan Application Amount | $5,000,000 |
| Average Applicant Income | $80,033 |
| Highest Applicant Income | $6,851,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Platinum Capital Group filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 1,442 | $ 503,172,000 | $ 348,940 | $ 85,000 |
| Chicago-Naperville-Joliet, IL | 702 | $ 123,593,000 | $ 176,058 | $ 55,000 |
| Riverside-San Bernardino-Ontario, CA | 582 | $ 131,273,000 | $ 225,554 | $ 87,000 |
| Santa Ana-Anaheim-Irvine, CA | 263 | $ 88,286,000 | $ 335,688 | $ 105,000 |
| Stockton, CA | 158 | $ 31,467,000 | $ 199,158 | $ 45,000 |
| San Diego-Carlsbad-San Marcos, CA | 142 | $ 48,034,000 | $ 338,267 | $ 108,000 |
| Columbus, OH | 96 | $ 12,272,000 | $ 127,833 | $ 70,000 |
| Oakland-Fremont-Hayward, CA | 90 | $ 28,744,000 | $ 319,377 | $ 94,000 |
| Modesto, CA | 61 | $ 12,396,000 | $ 203,213 | $ 67,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 58 | $ 13,175,000 | $ 227,155 | $ 78,000 |
| Pittsburgh, PA | 56 | $ 5,972,000 | $ 106,642 | $ 106,000 |
| Atlanta-Sandy Springs-Marietta, GA | 55 | $ 11,043,000 | $ 200,781 | $ 114,000 |
| Baltimore-Towson, MD | 55 | $ 12,359,000 | $ 224,709 | $ 83,000 |
| San Francisco-San Mateo-Redwood City, CA | 54 | $ 24,579,000 | $ 455,166 | $ 129,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 53 | $ 17,822,000 | $ 336,264 | $ 88,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 51 | $ 11,434,000 | $ 224,196 | $ 68,000 |
| Bakersfield, CA | 47 | $ 5,929,000 | $ 126,148 | $ 72,000 |
| Jacksonville, FL | 47 | $ 7,001,000 | $ 148,957 | $ 104,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 47 | $ 9,992,000 | $ 212,595 | $ 64,000 |
| Bethesda-Frederick-Gaithersburg, MD | 41 | $ 12,485,000 | $ 304,512 | $ 133,000 |
| Las Vegas-Paradise, NV | 41 | $ 7,645,000 | $ 186,463 | $ 54,000 |
| Philadelphia, PA | 41 | $ 6,538,000 | $ 159,463 | $ 88,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 40 | $ 6,331,000 | $ 158,275 | $ 63,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 34 | $ 7,852,000 | $ 230,941 | $ 91,000 |
| Phoenix-Mesa-Scottsdale, AZ | 32 | $ 4,074,000 | $ 127,312 | $ 49,000 |
| Orlando, FL | 31 | $ 4,734,000 | $ 152,709 | $ 65,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 31 | $ 11,489,000 | $ 370,612 | $ 78,000 |
| Cleveland-Elyria-Mentor, OH | 29 | $ 3,582,000 | $ 123,517 | $ 67,000 |
| Cincinnati-Middletown, OH-KY-IN | 26 | $ 3,190,000 | $ 122,692 | $ 63,000 |
| Miami-Miami Beach-Kendall, FL | 26 | $ 7,249,000 | $ 278,807 | $ 97,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 26 | $ 6,235,000 | $ 239,807 | $ 54,000 |
| Lake County-Kenosha County, IL-WI | 25 | $ 5,630,000 | $ 225,200 | $ 85,000 |
| Tampa-St. Petersburg-Clearwater, FL | 25 | $ 4,862,000 | $ 194,480 | $ 132,000 |
| Merced, CA | 23 | $ 3,478,000 | $ 151,217 | $ 40,000 |
| Detroit-Livonia-Dearborn, MI | 21 | $ 2,379,000 | $ 113,285 | $ 68,000 |
| Fresno, CA | 21 | $ 3,916,000 | $ 186,476 | $ 84,000 |
| Richmond, VA | 21 | $ 2,963,000 | $ 141,095 | $ 83,000 |
| Vallejo-Fairfield, CA | 20 | $ 5,427,000 | $ 271,350 | $ 97,000 |
| Cape Coral-Fort Myers, FL | 18 | $ 2,473,000 | $ 137,388 | $ 60,000 |
| Warren-Farmington Hills-Troy, MI | 18 | $ 3,476,000 | $ 193,111 | $ 72,000 |
| Indianapolis, IN | 17 | $ 1,893,000 | $ 111,352 | $ 50,000 |
| Palm Bay-Melbourne-Titusville, FL | 17 | $ 1,793,000 | $ 105,470 | $ 51,000 |
| St. Louis, MO-IL | 16 | $ 2,593,000 | $ 162,062 | $ 56,000 |
| Salt Lake City, UT | 14 | $ 12,790,000 | $ 913,571 | $ 297,000 |
| Santa Rosa-Petaluma, CA | 13 | $ 4,595,000 | $ 353,461 | $ 79,000 |
| Visalia-Porterville, CA | 13 | $ 1,639,000 | $ 126,076 | $ 51,000 |
| Denver-Aurora, CO | 12 | $ 2,902,000 | $ 241,833 | $ 68,000 |
| Ogden-Clearfield, UT | 12 | $ 1,050,000 | $ 87,500 | $ 42,000 |
| Wilmington, DE-MD-NJ | 11 | $ 1,923,000 | $ 174,818 | $ 54,000 |
| Charleston-North Charleston, SC | 10 | $ 1,163,000 | $ 116,300 | $ 52,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 10 | $ 1,462,000 | $ 146,200 | $ 138,000 |
| Portland-South Portland-Biddeford, ME | 10 | $ 2,192,000 | $ 219,200 | $ 128,000 |
| Akron, OH | 9 | $ 992,000 | $ 110,222 | $ 76,000 |
| San Luis Obispo-Paso Robles, CA | 9 | $ 4,030,000 | $ 447,777 | $ 80,000 |
| Rockford, IL | 8 | $ 876,000 | $ 109,500 | $ 45,000 |
| Salinas, CA | 8 | $ 2,447,000 | $ 305,875 | $ 102,000 |
| Colorado Springs, CO | 7 | $ 1,337,000 | $ 191,000 | $ 69,000 |
| Gary, IN | 7 | $ 897,000 | $ 128,142 | $ 55,000 |
| Hartford-West Hartford-East Hartford, CT | 7 | $ 1,038,000 | $ 148,285 | $ 73,000 |
| Milwaukee-Waukesha-West Allis, WI | 7 | $ 1,528,000 | $ 218,285 | $ 95,000 |
| Sarasota-Bradenton-Venice, FL | 7 | $ 1,233,000 | $ 176,142 | $ 69,000 |
| Ann Arbor, MI | 6 | $ 1,584,000 | $ 264,000 | $ 136,000 |
| Boise City-Nampa, ID | 6 | $ 549,000 | $ 91,500 | $ 63,000 |
| Dayton, OH | 6 | $ 859,000 | $ 143,166 | $ 68,000 |
| Jackson, MI | 6 | $ 568,000 | $ 94,666 | $ 40,000 |
| Janesville, WI | 6 | $ 585,000 | $ 97,500 | $ 64,000 |
| Kansas City, MO-KS | 6 | $ 1,089,000 | $ 181,500 | $ 45,000 |
| Madera, CA | 6 | $ 980,000 | $ 163,333 | $ 94,000 |
| Oklahoma City, OK | 6 | $ 943,000 | $ 157,166 | $ 58,000 |
| Portland-Vancouver-Beaverton, OR-WA | 6 | $ 1,402,000 | $ 233,666 | $ 150,000 |
| York-Hanover, PA | 6 | $ 1,224,000 | $ 204,000 | $ 73,000 |
| Bloomington, IN | 5 | $ 1,273,000 | $ 254,600 | $ 174,000 |
| Charlotte-Gastonia-Concord, NC-SC | 5 | $ 828,000 | $ 165,600 | $ 47,000 |
| Greenville, SC | 5 | $ 699,000 | $ 139,800 | $ 32,000 |
| Lakeland, FL | 5 | $ 732,000 | $ 146,400 | $ 67,000 |
| Lansing-East Lansing, MI | 5 | $ 626,000 | $ 125,200 | $ 35,000 |
| Naples-Marco Island, FL | 5 | $ 1,181,000 | $ 236,200 | $ 124,000 |
| New Haven-Milford, CT | 5 | $ 705,000 | $ 141,000 | $ 81,000 |
| Providence-New Bedford-Fall River, RI-MA | 5 | $ 1,429,000 | $ 285,800 | $ 92,000 |
| Provo-Orem, UT | 5 | $ 1,062,000 | $ 212,400 | $ 84,000 |
| Redding, CA | 5 | $ 1,058,000 | $ 211,600 | $ 61,000 |
| Toledo, OH | 5 | $ 1,014,000 | $ 202,800 | $ 80,000 |
| Tulsa, OK | 5 | $ 752,000 | $ 150,400 | $ 64,000 |
| Albuquerque, NM | 4 | $ 565,000 | $ 141,250 | $ 102,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 4 | $ 722,000 | $ 180,500 | $ 73,000 |
| Blacksburg-Christiansburg-Radford, VA | 4 | $ 757,000 | $ 189,250 | $ 79,000 |
| Chico, CA | 4 | $ 854,000 | $ 213,500 | $ 5,000 |
| Eau Claire, WI | 4 | $ 436,000 | $ 109,000 | $ 64,000 |
| Flint, MI | 4 | $ 457,000 | $ 114,250 | $ 52,000 |
| Grand Rapids-Wyoming, MI | 4 | $ 558,000 | $ 139,500 | $ 78,000 |
| Harrisburg-Carlisle, PA | 4 | $ 587,000 | $ 146,750 | $ 87,000 |
| Lancaster, PA | 4 | $ 575,000 | $ 143,750 | $ 32,000 |
| Pensacola-Ferry Pass-Brent, FL | 4 | $ 517,000 | $ 129,250 | $ 71,000 |
| Salem, OR | 4 | $ 540,000 | $ 135,000 | $ 54,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 4 | $ 1,230,000 | $ 307,500 | $ 75,000 |
| Santa Cruz-Watsonville, CA | 4 | $ 1,834,000 | $ 458,500 | $ 125,000 |
| Seattle-Bellevue-Everett, WA | 4 | $ 842,000 | $ 210,500 | $ 114,000 |
| El Centro, CA | 3 | $ 591,000 | $ 197,000 | $ 32,000 |
| Fort Collins-Loveland, CO | 3 | $ 538,000 | $ 179,333 | $ 94,000 |
| Hanford-Corcoran, CA | 3 | $ 375,000 | $ 125,000 | $ 84,000 |
| Lexington-Fayette, KY | 3 | $ 539,000 | $ 179,666 | $ 47,000 |
| Lincoln, NE | 3 | $ 371,000 | $ 123,666 | $ 49,000 |
| Memphis, TN-MS-AR | 3 | $ 238,000 | $ 79,333 | $ 51,000 |
| Mobile, AL | 3 | $ 250,000 | $ 83,333 | $ 11,000 |
| Muskegon-Norton Shores, MI | 3 | $ 219,000 | $ 73,000 | $ 49,000 |
| Napa, CA | 3 | $ 983,000 | $ 327,666 | $ 113,000 |
| Port St. Lucie-Fort Pierce, FL | 3 | $ 316,000 | $ 105,333 | $ 110,000 |
| Punta Gorda, FL | 3 | $ 923,000 | $ 307,666 | $ 99,000 |
| San Antonio, TX | 3 | $ 1,428,000 | $ 476,000 | $ 438,000 |
| Scranton--Wilkes-Barre, PA | 3 | $ 366,000 | $ 122,000 | $ 73,000 |
| St. Cloud, MN | 3 | $ 704,000 | $ 234,666 | $ 62,000 |
| Winchester, VA-WV | 3 | $ 449,000 | $ 149,666 | $ 71,000 |
| Athens-Clarke County, GA | 2 | $ 215,000 | $ 107,500 | $ 71,000 |
| Bellingham, WA | 2 | $ 513,000 | $ 256,500 | $ 102,000 |
| Bend, OR | 2 | $ 297,000 | $ 148,500 | $ 153,000 |
| Bridgeport-Stamford-Norwalk, CT | 2 | $ 324,000 | $ 162,000 | $ 104,000 |
| Davenport-Moline-Rock Island, IA-IL | 2 | $ 177,000 | $ 88,500 | $ 24,000 |
| Des Moines, IA | 2 | $ 307,000 | $ 153,500 | $ 18,000 |
| Dubuque, IA | 2 | $ 233,000 | $ 116,500 | $ 43,000 |
| Durham, NC | 2 | $ 259,000 | $ 129,500 | $ 76,000 |
| Farmington, NM | 2 | $ 119,000 | $ 59,500 | $ 58,000 |
| Fort Walton Beach-Crestview-Destin, FL | 2 | $ 228,000 | $ 114,000 | $ 43,000 |
| Fort Wayne, IN | 2 | $ 165,000 | $ 82,500 | $ 48,000 |
| Greenville, NC | 2 | $ 223,000 | $ 111,500 | $ 44,000 |
| Houston-Baytown-Sugar Land, TX | 2 | $ 199,000 | $ 99,500 | $ 38,000 |
| Idaho Falls, ID | 2 | $ 131,000 | $ 65,500 | $ 25,000 |
| Kalamazoo-Portage, MI | 2 | $ 194,000 | $ 97,000 | $ 62,000 |
| Kankakee-Bradley, IL | 2 | $ 183,000 | $ 91,500 | $ 69,000 |
| Lawrence, KS | 2 | $ 430,000 | $ 215,000 | $ 200,000 |
| Louisville, KY-IN | 2 | $ 640,000 | $ 320,000 | $ 62,000 |
| Morgantown, WV | 2 | $ 93,000 | $ 46,500 | $ 46,000 |
| Muncie, IN | 2 | $ 120,000 | $ 60,000 | $ 84,000 |
| Nashville-Davidson--Murfreesboro, TN | 2 | $ 395,000 | $ 197,500 | $ 151,000 |
| Oshkosh-Neenah, WI | 2 | $ 510,000 | $ 255,000 | $ 82,000 |
| Parkersburg-Marietta, WV-OH | 2 | $ 161,000 | $ 80,500 | $ 32,000 |
| Pueblo, CO | 2 | $ 191,000 | $ 95,500 | $ 45,000 |
| Rapid City, SD | 2 | $ 112,000 | $ 56,000 | $ 70,000 |
| Reno-Sparks, NV | 2 | $ 366,000 | $ 183,000 | $ 57,000 |
| Sheboygan, WI | 2 | $ 107,000 | $ 53,500 | $ 55,000 |
| State College, PA | 2 | $ 239,000 | $ 119,500 | $ 68,000 |
| Tacoma, WA | 2 | $ 275,000 | $ 137,500 | $ 250,000 |
| Tucson, AZ | 2 | $ 249,000 | $ 124,500 | $ 42,000 |
| Wheeling, WV-OH | 2 | $ 241,000 | $ 120,500 | $ 51,000 |
| Wilmington, NC | 2 | $ 300,000 | $ 150,000 | $ 0 |
| Winston-Salem, NC | 2 | $ 211,000 | $ 105,500 | $ 31,000 |
| Yakima, WA | 2 | $ 79,000 | $ 39,500 | $ 36,000 |
| Altoona, PA | 1 | $ 129,000 | $ 129,000 | $ 35,000 |
| Bangor, ME | 1 | $ 42,000 | $ 42,000 | $ 26,000 |
| Bay City, MI | 1 | $ 192,000 | $ 192,000 | $ 72,000 |
| Beaumont-Port Arthur, TX | 1 | $ 80,000 | $ 80,000 | $ 282,000 |
| Bloomington-Normal, IL | 1 | $ 150,000 | $ 150,000 | $ 62,000 |
| Boulder, CO | 1 | $ 238,000 | $ 238,000 | $ 76,000 |
| Burlington, NC | 1 | $ 159,000 | $ 159,000 | $ 72,000 |
| Charleston, WV | 1 | $ 91,000 | $ 91,000 | $ 29,000 |
| Chattanooga, TN-GA | 1 | $ 55,000 | $ 55,000 | $ 0 |
| Columbia, MO | 1 | $ 133,000 | $ 133,000 | $ 64,000 |
| Columbia, SC | 1 | $ 103,000 | $ 103,000 | $ 40,000 |
| Corvallis, OR | 1 | $ 104,000 | $ 104,000 | $ 0 |
| Cumberland, MD-WV | 1 | $ 135,000 | $ 135,000 | $ 78,000 |
| Dallas-Plano-Irving, TX | 1 | $ 293,000 | $ 293,000 | $ 170,000 |
| Danville, VA | 1 | $ 103,000 | $ 103,000 | $ 31,000 |
| El Paso, TX | 1 | $ 29,000 | $ 29,000 | $ 37,000 |
| Fort Worth-Arlington, TX | 1 | $ 44,000 | $ 44,000 | $ 0 |
| Gadsden, AL | 1 | $ 108,000 | $ 108,000 | $ 25,000 |
| Gainesville, FL | 1 | $ 67,000 | $ 67,000 | $ 92,000 |
| Grand Junction, CO | 1 | $ 128,000 | $ 128,000 | $ 125,000 |
| Greeley, CO | 1 | $ 175,000 | $ 175,000 | $ 64,000 |
| Green Bay, WI | 1 | $ 250,000 | $ 250,000 | $ 0 |
| Greensboro-High Point, NC | 1 | $ 91,000 | $ 91,000 | $ 26,000 |
| Huntington-Ashland, WV-KY-OH | 1 | $ 94,000 | $ 94,000 | $ 74,000 |
| Huntsville, AL | 1 | $ 3,450,000 | $ 3,450,000 | $ 644,000 |
| Iowa City, IA | 1 | $ 125,000 | $ 125,000 | $ 72,000 |
| Lafayette, LA | 1 | $ 495,000 | $ 495,000 | $ 120,000 |
| Lima, OH | 1 | $ 51,000 | $ 51,000 | $ 21,000 |
| Lubbock, TX | 1 | $ 80,000 | $ 80,000 | $ 29,000 |
| Lynchburg, VA | 1 | $ 270,000 | $ 270,000 | $ 180,000 |
| Macon, GA | 1 | $ 261,000 | $ 261,000 | $ 84,000 |
| Medford, OR | 1 | $ 194,000 | $ 194,000 | $ 42,000 |
| Michigan City-La Porte, IN | 1 | $ 135,000 | $ 135,000 | $ 82,000 |
| Monroe, MI | 1 | $ 70,000 | $ 70,000 | $ 15,000 |
| Montgomery, AL | 1 | $ 56,000 | $ 56,000 | $ 26,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 1 | $ 364,000 | $ 364,000 | $ 326,000 |
| New Orleans-Metairie-Kenner, LA | 1 | $ 500,000 | $ 500,000 | $ 1,140,000 |
| Norwich-New London, CT | 1 | $ 198,000 | $ 198,000 | $ 56,000 |
| Olympia, WA | 1 | $ 185,000 | $ 185,000 | $ 44,000 |
| Omaha-Council Bluffs, NE-IA | 1 | $ 110,000 | $ 110,000 | $ 25,000 |
| Panama City-Lynn Haven, FL | 1 | $ 154,000 | $ 154,000 | $ 68,000 |
| Peoria, IL | 1 | $ 101,000 | $ 101,000 | $ 57,000 |
| Prescott, AZ | 1 | $ 515,000 | $ 515,000 | $ 104,000 |
| Reading, PA | 1 | $ 150,000 | $ 150,000 | $ 62,000 |
| Roanoke, VA | 1 | $ 190,000 | $ 190,000 | $ 28,000 |
| Salisbury, MD | 1 | $ 155,000 | $ 155,000 | $ 95,000 |
| Santa Fe, NM | 1 | $ 204,000 | $ 204,000 | $ 0 |
| Savannah, GA | 1 | $ 236,000 | $ 236,000 | $ 125,000 |
| Sioux Falls, SD | 1 | $ 105,000 | $ 105,000 | $ 36,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 216,000 | $ 216,000 | $ 93,000 |
| Springfield, IL | 1 | $ 114,000 | $ 114,000 | $ 58,000 |
| Springfield, OH | 1 | $ 75,000 | $ 75,000 | $ 51,000 |
| Tallahassee, FL | 1 | $ 164,000 | $ 164,000 | $ 58,000 |
| Topeka, KS | 1 | $ 545,000 | $ 545,000 | $ 300,000 |
| Valdosta, GA | 1 | $ 162,000 | $ 162,000 | $ 78,000 |
| Vero Beach, FL | 1 | $ 96,000 | $ 96,000 | $ 18,000 |
| Wenatchee, WA | 1 | $ 176,000 | $ 176,000 | $ 74,000 |
| Youngstown-Warren-Boardman, OH-PA | 1 | $ 130,000 | $ 130,000 | $ 59,000 |
| Yuba City, CA | 1 | $ 243,000 | $ 243,000 | $ 75,000 |
Mortgage Loan Application Detail Totals for Platinum Capital Group in 2004
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 | 3,859 | $975,912,000 | $227,404 | $5,000,000 | $113,829 | $3,322,000 |
| Home Purchase | 2,593 | $620,813,000 | $167,071 | $4,000,000 | $79,642 | $6,851,000 |
| Home Improvement | 1 | $150,000 | $150,000 | $150,000 | $216,000 | $216,000 |
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 | 3,051 | $788,528,000 | $204,425 | $5,000,000 | $78,382 | $3,827,000 |
| White | 1,330 | $371,254,000 | $217,128 | $4,000,000 | $127,487 | $6,851,000 |
| Hispanic | 1,260 | $253,457,000 | $160,300 | $752,000 | $74,466 | $1,519,000 |
| Not applicable | 410 | $94,446,000 | $169,423 | $2,695,000 | $57,153 | $300,000 |
| Black or African American | 199 | $36,893,000 | $165,700 | $990,000 | $65,050 | $1,035,000 |
| Asian | 154 | $41,387,000 | $168,857 | $974,000 | $118,642 | $1,513,000 |
| Native Hawaiian or Other Pacific Islander | 34 | $8,176,000 | $201,750 | $548,000 | $48,250 | $336,000 |
| American Indian or Alaskan Native | 15 | $2,734,000 | $164,800 | $585,000 | $65,000 | $155,000 |
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) | 6,119 | $1,542,240,000 | $202,276 | $5,000,000 | $97,212 | $6,851,000 |
| FHA-insured (Federal Housing Administration) | 332 | $54,237,000 | $115,500 | $345,000 | $35,083 | $391,000 |
| VA-guaranteed (Veterans Administration) | 2 | $398,000 | $199,000 | $223,000 | $98,000 | $127,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 3,298 | $846,143,000 | $209,116 | $4,000,000 | $148,511 | $6,851,000 |
| Application Approved But Not Accepted | 1,667 | $392,577,000 | $183,075 | $5,000,000 | $76,800 | $3,322,000 |
| Application Denied By Financial Institution | 809 | $181,872,000 | $166,000 | $2,800,000 | $46,525 | $1,017,000 |
| Application Withdrawn By Applicant | 530 | $137,670,000 | $189,500 | $2,695,000 | $56,781 | $654,000 |
| File Closed For Incompleteness | 149 | $38,613,000 | $373,411 | $3,360,000 | $37,529 | $1,440,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 146 | $31,389,000 | $168,875 | $584,000 | $44,791 | $391,000 |
| Credit History | 114 | $23,097,000 | $178,045 | $960,000 | $40,227 | $242,000 |
| Other | 64 | $15,317,000 | $286,882 | $2,800,000 | $34,117 | $278,000 |
| Collateral | 49 | $9,551,000 | $151,133 | $600,000 | $82,866 | $282,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 29 | $6,749,000 | $162,909 | $636,000 | $66,090 | $360,000 |
| Unverifiable Information | 8 | $1,203,000 | $134,250 | $284,000 | $66,750 | $144,000 |
| Employment History | 8 | $1,495,000 | $171,000 | $360,000 | $73,000 | $240,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Platinum Capital Group's 2004 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 Platinum Capital Group'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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