Secured Funding Mortgage Lending & HMDA Data, 2006
In 2006, Secured Funding of Costa Mesa, CA reported 4,344 mortgage applications totaling $880.0 million, up 26% from 2005. The average application was for $202,580, and applicants reported an average income of $65,805. 12% of its applications resulted in an originated loan and 38% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (477), Seattle-Bellevue-Everett, WA (248) and Riverside-San Bernardino-Ontario, CA (229) (applications in parentheses).
| Mortgage Company & Address | Secured Funding 2955 Redhill Ave Costa Mesa, CA 92626 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 4,344 |
| Total Mortgage Loan Application Amount | $880,009,000 |
| Average Mortgage Loan Application Amount | $202,580 |
| Highest Mortgage Loan Application Amount | $1,500,000 |
| Average Applicant Income | $65,805 |
| Highest Applicant Income | $900,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Secured Funding filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 477 | $ 112,975,000 | $ 236,844 | $ 81,000 |
| Seattle-Bellevue-Everett, WA | 248 | $ 39,668,000 | $ 159,951 | $ 65,000 |
| Riverside-San Bernardino-Ontario, CA | 229 | $ 65,703,000 | $ 286,912 | $ 74,000 |
| Phoenix-Mesa-Scottsdale, AZ | 210 | $ 44,463,000 | $ 211,728 | $ 66,000 |
| Tampa-St. Petersburg-Clearwater, FL | 191 | $ 33,059,000 | $ 173,083 | $ 65,000 |
| Las Vegas-Paradise, NV | 143 | $ 35,759,000 | $ 250,062 | $ 69,000 |
| Tacoma, WA | 141 | $ 20,129,000 | $ 142,758 | $ 54,000 |
| Orlando-Kissimmee, FL | 136 | $ 28,490,000 | $ 209,485 | $ 64,000 |
| Portland-Vancouver-Beaverton, OR-WA | 126 | $ 22,815,000 | $ 181,071 | $ 65,523 |
| Milwaukee-Waukesha-West Allis, WI | 108 | $ 13,922,000 | $ 128,907 | $ 49,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 96 | $ 20,538,000 | $ 213,937 | $ 98,000 |
| Denver-Aurora, CO | 85 | $ 18,663,000 | $ 219,564 | $ 64,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 81 | $ 23,315,000 | $ 287,839 | $ 78,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 78 | $ 17,823,000 | $ 228,500 | $ 79,000 |
| Jacksonville, FL | 74 | $ 11,925,000 | $ 161,148 | $ 53,000 |
| Bakersfield, CA | 58 | $ 13,974,000 | $ 240,931 | $ 70,000 |
| San Diego-Carlsbad-San Marcos, CA | 57 | $ 24,486,000 | $ 429,578 | $ 112,000 |
| Miami-Miami Beach-Kendall, FL | 55 | $ 10,364,000 | $ 188,436 | $ 65,000 |
| Sarasota-Bradenton-Venice, FL | 50 | $ 9,182,000 | $ 183,640 | $ 53,000 |
| Spokane, WA | 49 | $ 5,920,000 | $ 120,816 | $ 51,000 |
| San Francisco-San Mateo-Redwood City, CA | 47 | $ 12,131,000 | $ 258,106 | $ 85,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 44 | $ 10,206,000 | $ 231,954 | $ 70,000 |
| Eugene-Springfield, OR | 43 | $ 4,246,000 | $ 98,744 | $ 48,000 |
| Lakeland, FL | 41 | $ 6,628,000 | $ 161,658 | $ 54,000 |
| Tucson, AZ | 41 | $ 8,056,000 | $ 196,487 | $ 65,000 |
| Oakland-Fremont-Hayward, CA | 38 | $ 15,802,000 | $ 415,842 | $ 109,000 |
| Ocala, FL | 38 | $ 5,557,000 | $ 146,236 | $ 47,000 |
| Fresno, CA | 37 | $ 9,471,000 | $ 255,972 | $ 76,000 |
| Salem, OR | 36 | $ 4,035,000 | $ 112,083 | $ 50,000 |
| Cape Coral-Fort Myers, FL | 35 | $ 7,903,000 | $ 225,800 | $ 75,000 |
| Palm Bay-Melbourne-Titusville, FL | 35 | $ 5,732,000 | $ 163,771 | $ 55,000 |
| Port St. Lucie-Fort Pierce, FL | 35 | $ 6,183,000 | $ 176,657 | $ 64,000 |
| Kennewick-Richland-Pasco, WA | 31 | $ 2,774,000 | $ 89,483 | $ 58,000 |
| Pensacola-Ferry Pass-Brent, FL | 29 | $ 3,765,000 | $ 129,827 | $ 52,000 |
| Colorado Springs, CO | 28 | $ 5,161,000 | $ 184,321 | $ 69,000 |
| Visalia-Porterville, CA | 28 | $ 5,391,000 | $ 192,535 | $ 58,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 27 | $ 4,357,000 | $ 161,370 | $ 52,000 |
| Modesto, CA | 25 | $ 7,653,000 | $ 306,120 | $ 80,000 |
| Santa Ana-Anaheim-Irvine, CA | 24 | $ 10,062,000 | $ 419,250 | $ 113,000 |
| Bremerton-Silverdale, WA | 23 | $ 3,187,000 | $ 138,565 | $ 51,000 |
| Stockton, CA | 23 | $ 6,525,000 | $ 283,695 | $ 78,000 |
| Reno-Sparks, NV | 21 | $ 6,619,000 | $ 315,190 | $ 75,000 |
| Tallahassee, FL | 20 | $ 2,247,000 | $ 112,350 | $ 51,000 |
| Vallejo-Fairfield, CA | 20 | $ 7,459,000 | $ 372,950 | $ 92,000 |
| Medford, OR | 19 | $ 2,673,000 | $ 140,684 | $ 55,000 |
| Mount Vernon-Anacortes, WA | 17 | $ 2,104,000 | $ 123,764 | $ 46,000 |
| Olympia, WA | 17 | $ 3,681,000 | $ 216,529 | $ 62,000 |
| Panama City-Lynn Haven, FL | 16 | $ 1,587,000 | $ 99,187 | $ 41,000 |
| Yakima, WA | 16 | $ 1,744,000 | $ 109,000 | $ 41,000 |
| Merced, CA | 15 | $ 4,089,000 | $ 272,600 | $ 55,000 |
| Fort Walton Beach-Crestview-Destin, FL | 14 | $ 2,900,000 | $ 207,142 | $ 68,000 |
| Green Bay, WI | 14 | $ 1,513,000 | $ 108,071 | $ 43,000 |
| Punta Gorda, FL | 13 | $ 2,155,000 | $ 165,769 | $ 58,000 |
| Racine, WI | 12 | $ 1,535,000 | $ 127,916 | $ 45,000 |
| Sebastian-Vero Beach, FL | 12 | $ 1,887,000 | $ 157,250 | $ 45,000 |
| Lake County-Kenosha County, IL-WI | 11 | $ 1,849,000 | $ 168,090 | $ 52,000 |
| Naples-Marco Island, FL | 11 | $ 3,089,000 | $ 280,818 | $ 75,000 |
| Prescott, AZ | 11 | $ 2,181,000 | $ 198,272 | $ 70,000 |
| Oshkosh-Neenah, WI | 10 | $ 1,349,000 | $ 134,900 | $ 54,000 |
| Chico, CA | 9 | $ 1,879,000 | $ 208,777 | $ 54,000 |
| Eau Claire, WI | 9 | $ 904,000 | $ 100,444 | $ 38,000 |
| Gainesville, FL | 9 | $ 1,017,000 | $ 113,000 | $ 93,000 |
| Pueblo, CO | 9 | $ 1,370,000 | $ 152,222 | $ 51,000 |
| Wenatchee, WA | 9 | $ 1,120,000 | $ 124,444 | $ 43,000 |
| Yuba City, CA | 9 | $ 2,117,000 | $ 235,222 | $ 67,000 |
| Appleton, WI | 8 | $ 962,000 | $ 120,250 | $ 42,000 |
| Bend, OR | 8 | $ 1,814,000 | $ 226,750 | $ 55,000 |
| Boulder, CO | 8 | $ 2,378,000 | $ 297,250 | $ 135,000 |
| Redding, CA | 8 | $ 2,278,000 | $ 284,750 | $ 94,000 |
| Wausau, WI | 8 | $ 1,152,000 | $ 144,000 | $ 36,000 |
| Greeley, CO | 7 | $ 1,746,000 | $ 249,428 | $ 52,000 |
| Longview, WA | 7 | $ 914,000 | $ 130,571 | $ 44,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 7 | $ 2,951,000 | $ 421,571 | $ 99,000 |
| Bellingham, WA | 6 | $ 896,000 | $ 149,333 | $ 36,000 |
| Grand Junction, CO | 6 | $ 1,070,000 | $ 178,333 | $ 39,000 |
| Janesville, WI | 6 | $ 836,000 | $ 139,333 | $ 51,000 |
| Madera, CA | 6 | $ 1,524,000 | $ 254,000 | $ 57,000 |
| Santa Rosa-Petaluma, CA | 6 | $ 2,774,000 | $ 462,333 | $ 91,000 |
| Yuma, AZ | 6 | $ 1,202,000 | $ 200,333 | $ 70,000 |
| Hanford-Corcoran, CA | 5 | $ 1,025,000 | $ 205,000 | $ 79,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 5 | $ 858,000 | $ 171,600 | $ 62,000 |
| El Centro, CA | 4 | $ 800,000 | $ 200,000 | $ 54,000 |
| Flagstaff, AZ | 4 | $ 469,000 | $ 117,250 | $ 54,000 |
| Fond Du Lac, WI | 4 | $ 496,000 | $ 124,000 | $ 51,000 |
| Fort Collins-Loveland, CO | 4 | $ 1,000,000 | $ 250,000 | $ 73,000 |
| Madison, WI | 4 | $ 1,122,000 | $ 280,500 | $ 76,000 |
| Napa, CA | 4 | $ 2,360,000 | $ 590,000 | $ 85,000 |
| Sheboygan, WI | 4 | $ 487,000 | $ 121,750 | $ 34,000 |
| Duluth, MN-WI | 3 | $ 484,000 | $ 161,333 | $ 49,000 |
| Salinas, CA | 3 | $ 844,000 | $ 281,333 | $ 88,000 |
| Carson City, NV | 2 | $ 623,000 | $ 311,500 | $ 122,000 |
| La Crosse, WI-MN | 2 | $ 279,000 | $ 139,500 | $ 24,000 |
| San Luis Obispo-Paso Robles, CA | 2 | $ 2,000,000 | $ 1,000,000 | $ 125,000 |
| Santa Barbara-Santa Maria, CA | 2 | $ 550,000 | $ 275,000 | $ 99,000 |
| Santa Cruz-Watsonville, CA | 2 | $ 585,000 | $ 292,500 | $ 37,000 |
| Lewiston, ID-WA | 1 | $ 70,000 | $ 70,000 | $ 96,000 |
Mortgage Loan Application Detail Totals for Secured Funding in 2006
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 | 4,221 | $868,021,000 | $205,000 | $1,500,000 | $66,000 | $900,000 |
| Home Improvement | 88 | $7,223,000 | $82,000 | $580,000 | $54,000 | $411,000 |
| Home Purchase | 35 | $4,765,000 | $136,000 | $477,000 | $72,000 | $322,000 |
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 | 2,457 | $555,429,000 | $226,000 | $970,000 | $68,000 | $900,000 |
| White | 1,395 | $243,765,000 | $174,000 | $1,500,000 | $63,000 | $600,000 |
| Hispanic | 246 | $43,688,000 | $177,000 | $666,000 | $66,000 | $336,000 |
| Black or African American | 141 | $20,470,000 | $145,000 | $577,000 | $59,000 | $428,000 |
| Asian | 67 | $10,865,000 | $162,000 | $714,000 | $82,000 | $480,000 |
| American Indian or Alaskan Native | 30 | $3,851,000 | $128,000 | $383,000 | $65,000 | $168,000 |
| Native Hawaiian or Other Pacific Islander | 8 | $1,941,000 | $242,000 | $485,000 | $88,000 | $205,000 |
| 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) | 4,340 | $879,726,000 | $202,000 | $1,500,000 | $66,000 | $900,000 |
| FHA-insured (Federal Housing Administration) | 2 | $195,000 | $97,000 | $105,000 | $36,000 | $38,000 |
| VA-guaranteed (Veterans Administration) | 2 | $88,000 | $44,000 | $50,000 | $58,000 | $72,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Approved But Not Accepted | 2,180 | $471,735,000 | $216,000 | $1,375,000 | $68,000 | $900,000 |
| Application Denied By Financial Institution | 1,639 | $310,799,000 | $189,000 | $1,500,000 | $65,000 | $650,000 |
| Loan Originated | 525 | $97,475,000 | $185,000 | $970,000 | $64,000 | $363,000 |
| 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 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Secured Funding's 2006 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 Secured Funding'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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