Ps Funding, Inc. Mortgage Lending & HMDA Data, 2018

In 2018, Ps Funding, Inc. of El Segundo, CA reported 1,821 mortgage applications totaling $1.1 billion. The average application was for $605,779, and applicants reported an average income of $0. 22% of its applications resulted in an originated loan and 5% were denied. Its largest market was Los Angeles-Long Beach-Glendale, CA (215).

Mortgage Company & Address Ps Funding, Inc.
2301 Rosecrans Ave #3170
El Segundo, CA 90245
Tel #: available with data download
Federal Regulator * available with data download
Years 2022  2021  2020  2019  2018  
Total Number of Mortgage Applications 1,821
Total Mortgage Loan Application Amount $1,103,125,000
Average Mortgage Loan Application Amount $605,779
Highest Mortgage Loan Application Amount $12,755,000
Average Applicant Income $0
Highest Applicant Income $0

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Ps Funding, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Ps Funding, Inc. in 2018

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 1,359 $648,375,000 $477,000 $12,755,000 $0 $0
Refinancing 292 $271,700,000 $930,000 $11,505,000 $0 $0
Cash-out Refinancing 170 $183,050,000 $1,076,000 $8,505,000 $0 $0
Home Improvement 0 $0 $0 $0 $0 $0
Not Applicable 0 $0 $0 $0 $0 $0
Other Purpose 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
Not applicable 1,727 $1,013,245,000 $586,000 $12,755,000 $0 $0
Not Provided 48 $41,840,000 $871,000 $8,505,000 $0 $0
White 18 $18,330,000 $1,018,000 $3,005,000 $0 $0
Hispanic 15 $10,185,000 $679,000 $2,705,000 $0 $0
Asian 7 $12,055,000 $1,722,000 $8,405,000 $0 $0
Black or African American 5 $6,725,000 $1,345,000 $4,685,000 $0 $0
American Indian or Alaskan Native 1 $745,000 $745,000 $745,000 $0 $0
Native Hawaiian or Other Pacific Islander 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) 1,821 $1,103,125,000 $605,000 $12,755,000 $0 $0
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 Purchased By The Institution 990 $388,460,000 $392,000 $5,505,000 $0 $0
Loan Originated 399 $223,695,000 $560,000 $7,205,000 $0 $0
Application Withdrawn By Applicant 341 $342,775,000 $1,005,000 $12,755,000 $0 $0
Application Denied By Financial Institution 91 $148,195,000 $1,628,000 $11,505,000 $0 $0
Application Approved But Not Accepted 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 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
Not applicable 1,730 $954,930,000 $551,000 $12,755,000 $0 $0
Collateral 63 $118,645,000 $1,883,000 $11,505,000 $0 $0
Credit History 28 $29,550,000 $1,055,000 $5,625,000 $0 $0
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0
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
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Ps Funding, Inc.'s 2018 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 Ps 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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