Quaker City Bank Mortgage Lending & HMDA Data, 2003
In 2003, Quaker City Bank of Whittier, CA reported 2,746 mortgage applications totaling $698.6 million. The average application was for $254,406, and applicants reported an average income of $42,041. 43% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Los Angeles-Long Beach, CA (1,110), Riverside-San Bernardino, CA (289) and Orange County, CA (241) (applications in parentheses).
| Mortgage Company & Address | Quaker City Bank 7021 Greenleaf Avenue Whittier, CA 90602 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2003 |
| Total Number of Mortgage Applications | 2,746 |
| Total Mortgage Loan Application Amount | $698,599,000 |
| Average Mortgage Loan Application Amount | $254,406 |
| Highest Mortgage Loan Application Amount | $4,800,000 |
| Average Applicant Income | $42,041 |
| Highest Applicant Income | $4,240,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Quaker City Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Quaker City Bank in 2003
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 (one-to-four family) | 1,227 | $238,423,000 | $238,717 | $1,110,000 | $1,666 | $4,240,000 |
| Refinancing (home purchase or home improvement, one-to-four family) | 1,145 | $173,574,000 | $402,375 | $669,000 | $7,875 | $4,097,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 342 | $280,970,000 | $519,500 | $4,800,000 | $0 | $0 |
| Home Improvement (one-to-four family) | 32 | $5,632,000 | $292,000 | $597,000 | $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 | 1,308 | $335,443,000 | $247,153 | $4,800,000 | $179 | $685,000 |
| White | 934 | $247,497,000 | $264,000 | $2,400,000 | $73,000 | $4,240,000 |
| Hispanic | 292 | $59,689,000 | $204,000 | $2,240,000 | $68,000 | $337,000 |
| Asian or Pacific Islander | 115 | $33,613,000 | $292,000 | $2,672,000 | $83,000 | $600,000 |
| Black | 77 | $15,854,000 | $205,000 | $982,000 | $72,000 | $217,000 |
| Other | 16 | $5,953,000 | $372,000 | $1,350,000 | $56,000 | $135,000 |
| American Indian or Alaskan Native | 4 | $550,000 | $137,000 | $180,000 | $39,000 | $49,000 |
| Information not provided by applicant in mail or telephone application | 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) | 2,746 | $698,599,000 | $245,307 | $4,800,000 | $1,256 | $4,240,000 |
| 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 Purchased By The Institution | 1,209 | $235,225,000 | $244,589 | $2,138,000 | $0 | $0 |
| Loan Originated | 1,170 | $375,185,000 | $320,000 | $4,800,000 | $72,000 | $4,240,000 |
| Application Approved But Not Accepted | 136 | $33,477,000 | $246,000 | $2,240,000 | $55,000 | $280,000 |
| Application Withdrawn By Applicant | 126 | $34,159,000 | $271,000 | $1,575,000 | $56,000 | $600,000 |
| Application Denied By Financial Institution | 101 | $19,910,000 | $197,000 | $800,000 | $75,000 | $924,000 |
| File Closed For Incompleteness | 4 | $643,000 | $160,000 | $268,000 | $98,000 | $138,000 |
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 | 33 | $9,802,000 | $297,000 | $800,000 | $48,000 | $124,000 |
| Credit Application Incomplete | 18 | $2,864,000 | $159,000 | $323,000 | $114,000 | $924,000 |
| Other | 16 | $2,322,000 | $145,000 | $750,000 | $75,000 | $157,000 |
| Collateral | 12 | $1,554,000 | $129,000 | $530,000 | $105,000 | $337,000 |
| Debt-To-Income Ratio | 11 | $1,312,000 | $119,000 | $242,000 | $50,000 | $131,000 |
| Unverifiable Information | 6 | $1,496,000 | $249,000 | $621,000 | $115,000 | $202,000 |
| Mortgage Insurance Denied | 3 | $357,000 | $119,000 | $212,000 | $36,000 | $48,000 |
| Employment History | 2 | $203,000 | $101,000 | $138,000 | $14,000 | $24,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Quaker City Bank's 2003 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 Quaker City Bank'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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