Primus Lending Corp Mortgage Lending & HMDA Data, 2016
In 2016, Primus Lending Corp of Los Angeles, CA reported 305 mortgage applications totaling $113.2 million. The average application was for $371,206, and applicants reported an average income of $108,672. 43% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (201), Riverside-San Bernardino-Ontario, CA (60) and Anaheim-Santa Ana-Irvine, CA (23) (applications in parentheses).
| Mortgage Company & Address | Primus Lending Corp 3699 Wilshire Blvd., Suite 670 Los Angeles, CA 90010 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2024 2023 2021 2020 2019 2018 2016 |
| Total Number of Mortgage Applications | 305 |
| Total Mortgage Loan Application Amount | $113,218,000 |
| Average Mortgage Loan Application Amount | $371,206 |
| Highest Mortgage Loan Application Amount | $1,380,000 |
| Average Applicant Income | $108,672 |
| Highest Applicant Income | $992,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Primus Lending Corp filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Detail Totals for Primus Lending Corp in 2016
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 | 188 | $68,111,000 | $362,000 | $1,380,000 | $101,000 | $643,000 |
| Home Purchase | 117 | $45,107,000 | $385,000 | $1,300,000 | $121,000 | $992,000 |
| 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 |
|---|---|---|---|---|---|---|
| Black or African American | 95 | $36,696,000 | $386,000 | $1,040,000 | $91,000 | $303,000 |
| Hispanic | 68 | $19,712,000 | $289,000 | $750,000 | $78,000 | $385,000 |
| Asian | 62 | $28,489,000 | $459,000 | $1,380,000 | $158,000 | $643,000 |
| White | 45 | $16,416,000 | $364,000 | $1,300,000 | $129,000 | $992,000 |
| Not Provided | 26 | $9,007,000 | $346,000 | $625,000 | $98,000 | $172,000 |
| Native Hawaiin or Other Pacific Islander | 8 | $2,838,000 | $354,000 | $528,000 | $130,000 | $225,000 |
| American Indian or Alaskan Native | 1 | $60,000 | $60,000 | $60,000 | $18,000 | $18,000 |
| 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 199 | $73,257,000 | $368,000 | $1,380,000 | $118,000 | $643,000 |
| FHA-insured (Federal Housing Administration) | 96 | $34,933,000 | $363,000 | $625,000 | $92,000 | $992,000 |
| VA-guaranteed (Veterans Administration) | 10 | $5,028,000 | $502,000 | $704,000 | $77,000 | $190,000 |
| 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 | 130 | $48,112,000 | $370,000 | $1,380,000 | $112,000 | $643,000 |
| Application Withdrawn By Applicant | 81 | $29,396,000 | $362,000 | $1,248,000 | $102,000 | $992,000 |
| File Closed For Incompleteness | 42 | $17,473,000 | $416,000 | $1,300,000 | $112,000 | $483,000 |
| Application Approved But Not Accepted | 35 | $12,496,000 | $357,000 | $1,200,000 | $123,000 | $475,000 |
| Application Denied By Financial Institution | 17 | $5,741,000 | $337,000 | $539,000 | $80,000 | $162,000 |
| 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 | 8 | $2,751,000 | $343,000 | $442,000 | $83,000 | $132,000 |
| Other | 3 | $996,000 | $332,000 | $491,000 | $111,000 | $162,000 |
| Debt-To-Income Ratio | 2 | $687,000 | $343,000 | $365,000 | $64,000 | $70,000 |
| Employment History | 1 | $257,000 | $257,000 | $257,000 | $6,000 | $6,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $214,000 | $214,000 | $214,000 | $50,000 | $50,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Primus Lending Corp's 2016 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 Primus Lending Corp'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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