Sovereign Lending Group Inc. Mortgage Lending & HMDA Data, 2015
In 2015, Sovereign Lending Group Inc. of Newport Beach, CA reported 2,777 mortgage applications totaling $934.6 million. The average application was for $336,555, and applicants reported an average income of $69,337. 40% of its applications resulted in an originated loan and 23% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (345), Riverside-San Bernardino-Ontario, CA (290) and San Diego-Carlsbad, CA (202) (applications in parentheses).
| Mortgage Company & Address | Sovereign Lending Group Inc. Newport Beach, CA 92660 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 |
| Total Number of Mortgage Applications | 2,777 |
| Total Mortgage Loan Application Amount | $934,616,000 |
| Average Mortgage Loan Application Amount | $336,555 |
| Highest Mortgage Loan Application Amount | $1,245,000 |
| Average Applicant Income | $69,337 |
| Highest Applicant Income | $3,276,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Sovereign Lending Group Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| 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 | 345 | $ 139,997,000 | $ 405,788 | $ 113,000 |
| Riverside-San Bernardino-Ontario, CA | 290 | $ 88,671,000 | $ 305,762 | $ 62,000 |
| San Diego-Carlsbad, CA | 202 | $ 89,561,000 | $ 443,371 | $ 70,000 |
| Phoenix-Mesa-Scottsdale, AZ | 193 | $ 51,257,000 | $ 265,580 | $ 62,000 |
| Denver-Aurora-Lakewood, CO | 154 | $ 41,236,000 | $ 267,766 | $ 59,000 |
| Anaheim-Santa Ana-Irvine, CA | 152 | $ 66,739,000 | $ 439,072 | $ 108,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 132 | $ 32,322,000 | $ 244,863 | $ 76,280 |
| Oakland-Hayward-Berkeley, CA | 78 | $ 32,991,000 | $ 422,961 | $ 87,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 74 | $ 29,544,000 | $ 399,243 | $ 41,013 |
| Seattle-Bellevue-Everett, WA | 58 | $ 19,325,000 | $ 333,189 | $ 63,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 55 | $ 18,771,000 | $ 341,290 | $ 61,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 37 | $ 14,870,000 | $ 401,891 | $ 94,000 |
| New York-Jersey City-White Plains, NY-NJ | 35 | $ 11,181,000 | $ 319,457 | $ 27,000 |
| Dallas-Plano-Irving, TX | 29 | $ 6,170,000 | $ 212,758 | $ 79,000 |
| Montgomery County-Bucks County-Chester County, PA | 29 | $ 9,822,000 | $ 338,689 | $ 64,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 27 | $ 15,095,000 | $ 559,074 | $ 106,000 |
| Vallejo-Fairfield, CA | 27 | $ 9,118,000 | $ 337,703 | $ 61,000 |
| Tacoma-Lakewood, WA | 26 | $ 6,626,000 | $ 254,846 | $ 27,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 25 | $ 8,731,000 | $ 349,240 | $ 3,000 |
| Colorado Springs, CO | 24 | $ 6,744,000 | $ 281,000 | $ 22,000 |
| Bakersfield, CA | 23 | $ 6,306,000 | $ 274,173 | $ 68,000 |
| San Francisco-Redwood City-South San Francisco, CA | 22 | $ 9,105,000 | $ 413,863 | $ 125,000 |
| Jacksonville, FL | 21 | $ 5,392,000 | $ 256,761 | $ 46,000 |
| Stockton-Lodi, CA | 21 | $ 5,260,000 | $ 250,476 | $ 54,000 |
| Richmond, VA | 19 | $ 5,212,000 | $ 274,315 | $ 10,000 |
| Urban Honolulu, HI | 19 | $ 9,982,000 | $ 525,368 | $ 58,000 |
| Fort Collins, CO | 18 | $ 4,649,000 | $ 258,277 | $ 77,000 |
| Salinas, CA | 18 | $ 6,865,000 | $ 381,388 | $ 59,000 |
| Newark, NJ-PA | 17 | $ 6,527,000 | $ 383,941 | $ 37,000 |
| Baltimore-Columbia-Towson, MD | 16 | $ 6,030,000 | $ 376,875 | $ 31,000 |
| Greeley, CO | 16 | $ 3,533,000 | $ 220,812 | $ 49,000 |
| Salem, OR | 16 | $ 3,535,000 | $ 220,937 | $ 76,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 16 | $ 6,644,000 | $ 415,250 | $ 85,000 |
| Spokane-Spokane Valley, WA | 15 | $ 3,831,000 | $ 255,400 | $ 34,000 |
| Tampa-St. Petersburg-Clearwater, FL | 15 | $ 4,619,000 | $ 307,933 | $ 48,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 14 | $ 3,265,000 | $ 233,214 | $ 32,000 |
| Atlanta-Sandy Springs-Roswell, GA | 13 | $ 2,941,000 | $ 226,230 | $ 49,000 |
| Boulder, CO | 13 | $ 4,201,000 | $ 323,153 | $ 44,000 |
| Hartford-West Hartford-East Hartford, CT | 13 | $ 2,826,000 | $ 217,384 | $ 46,000 |
| Orlando-Kissimmee-Sanford, FL | 13 | $ 4,139,000 | $ 318,384 | $ 18,000 |
| Santa Rosa, CA | 13 | $ 4,245,000 | $ 326,538 | $ 85,000 |
| Santa Maria-Santa Barbara, CA | 12 | $ 4,997,000 | $ 416,416 | $ 87,000 |
| Olympia-Tumwater, WA | 11 | $ 3,158,000 | $ 287,090 | $ 33,000 |
| Silver Spring-Frederick-Rockville, MD | 11 | $ 6,081,000 | $ 552,818 | $ 10,000 |
| San Antonio-New Braunfels, TX | 10 | $ 2,512,000 | $ 251,200 | $ 48,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 10 | $ 3,214,000 | $ 321,400 | $ 81,000 |
| Camden, NJ | 9 | $ 2,300,000 | $ 255,555 | $ 27,000 |
| Modesto, CA | 9 | $ 2,583,000 | $ 287,000 | $ 44,000 |
| North Port-Sarasota-Bradenton, FL | 9 | $ 2,942,000 | $ 326,888 | $ 12,000 |
| Philadelphia, PA | 9 | $ 1,734,000 | $ 192,666 | $ 62,000 |
| Tucson, AZ | 9 | $ 2,663,000 | $ 295,888 | $ 105,000 |
| Albuquerque, NM | 8 | $ 2,018,000 | $ 252,250 | $ 30,000 |
| Fort Worth-Arlington, TX | 8 | $ 1,828,000 | $ 228,500 | $ 42,000 |
| Fresno, CA | 8 | $ 2,473,000 | $ 309,125 | $ 179,000 |
| Port St. Lucie, FL | 8 | $ 2,553,000 | $ 319,125 | $ 29,000 |
| Prescott, AZ | 8 | $ 2,867,000 | $ 358,375 | $ 54,000 |
| Wenatchee, WA | 8 | $ 2,309,000 | $ 288,625 | $ 43,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 7 | $ 1,134,000 | $ 162,000 | $ 24,000 |
| Bellingham, WA | 7 | $ 1,795,000 | $ 256,428 | $ 49,000 |
| Cape Coral-Fort Myers, FL | 7 | $ 1,934,000 | $ 276,285 | $ 22,000 |
| Grand Junction, CO | 7 | $ 1,852,000 | $ 264,571 | $ 22,000 |
| Longview, WA | 7 | $ 1,841,000 | $ 263,000 | $ 37,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 6 | $ 1,502,000 | $ 250,333 | $ 11,000 |
| Lake Havasu City-Kingman, AZ | 6 | $ 1,538,000 | $ 256,333 | $ 99,000 |
| Miami-Miami Beach-Kendall, FL | 6 | $ 1,562,000 | $ 260,333 | $ 75,000 |
| Pittsburgh, PA | 6 | $ 1,512,000 | $ 252,000 | $ 8,000 |
| Visalia-Porterville, CA | 6 | $ 1,139,000 | $ 189,833 | $ 17,000 |
| Hanford-Corcoran, CA | 5 | $ 1,037,000 | $ 207,400 | $ 23,000 |
| Houston-The Woodlands-Sugar Land, TX | 5 | $ 1,442,000 | $ 288,400 | $ 45,000 |
| Santa Cruz-Watsonville, CA | 5 | $ 2,555,000 | $ 511,000 | $ 156,000 |
| Yuba City, CA | 5 | $ 852,000 | $ 170,400 | $ 25,000 |
| Bremerton-Silverdale, WA | 4 | $ 1,317,000 | $ 329,250 | $ 0 |
| El Centro, CA | 4 | $ 941,000 | $ 235,250 | $ 106,000 |
| Eugene, OR | 4 | $ 1,226,000 | $ 306,500 | $ 48,000 |
| Lancaster, PA | 4 | $ 825,000 | $ 206,250 | $ 37,000 |
| Merced, CA | 4 | $ 941,000 | $ 235,250 | $ 74,000 |
| Palm Bay-Melbourne-Titusville, FL | 4 | $ 1,109,000 | $ 277,250 | $ 0 |
| Redding, CA | 4 | $ 1,109,000 | $ 277,250 | $ 25,000 |
| San Rafael, CA | 4 | $ 1,677,000 | $ 419,250 | $ 77,000 |
| Yakima, WA | 4 | $ 1,049,000 | $ 262,250 | $ 59,000 |
| Albany, OR | 3 | $ 921,000 | $ 307,000 | $ 86,000 |
| Bend-Redmond, OR | 3 | $ 671,000 | $ 223,666 | $ 53,000 |
| Bridgeport-Stamford-Norwalk, CT | 3 | $ 1,359,000 | $ 453,000 | $ 135,000 |
| Charlotte-Concord-Gastonia, NC-SC | 3 | $ 1,001,000 | $ 333,666 | $ 27,000 |
| Medford, OR | 3 | $ 1,030,000 | $ 343,333 | $ 30,000 |
| Napa, CA | 3 | $ 1,037,000 | $ 345,666 | $ 30,000 |
| Wilmington, DE-MD-NJ | 3 | $ 1,062,000 | $ 354,000 | $ 59,000 |
| Winchester, VA-WV | 3 | $ 1,214,000 | $ 404,666 | $ 0 |
| Austin-Round Rock, TX | 2 | $ 592,000 | $ 296,000 | $ 59,000 |
| California-Lexington Park, MD | 2 | $ 525,000 | $ 262,500 | $ 100,000 |
| Charlottesville, VA | 2 | $ 798,000 | $ 399,000 | $ 43,000 |
| Corpus Christi, TX | 2 | $ 481,000 | $ 240,500 | $ 102,000 |
| Kahului-Wailuku-Lahaina, HI | 2 | $ 1,041,000 | $ 520,500 | $ 44,000 |
| Kennewick-Richland, WA | 2 | $ 824,000 | $ 412,000 | $ 145,000 |
| Killeen-Temple, TX | 2 | $ 392,000 | $ 196,000 | $ 0 |
| Lakeland-Winter Haven, FL | 2 | $ 618,000 | $ 309,000 | $ 40,000 |
| Madera, CA | 2 | $ 742,000 | $ 371,000 | $ 22,000 |
| Memphis, TN-MS-AR | 2 | $ 622,000 | $ 311,000 | $ 36,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 2 | $ 818,000 | $ 409,000 | $ 30,000 |
| New Haven-Milford, CT | 2 | $ 459,000 | $ 229,500 | $ 99,000 |
| Ocean City, NJ | 2 | $ 985,000 | $ 492,500 | $ 245,000 |
| Santa Fe, NM | 2 | $ 767,000 | $ 383,500 | $ 0 |
| Williamsport, PA | 2 | $ 506,000 | $ 253,000 | $ 114,000 |
| Winston-Salem, NC | 2 | $ 318,000 | $ 159,000 | $ 132,000 |
| Yuma, AZ | 2 | $ 415,000 | $ 207,500 | $ 31,000 |
| Abilene, TX | 1 | $ 248,000 | $ 248,000 | $ 0 |
| Altoona, PA | 1 | $ 283,000 | $ 283,000 | $ 0 |
| Amarillo, TX | 1 | $ 85,000 | $ 85,000 | $ 30,000 |
| Asheville, NC | 1 | $ 133,000 | $ 133,000 | $ 53,000 |
| Atlantic City-Hammonton, NJ | 1 | $ 398,000 | $ 398,000 | $ 0 |
| Chambersburg-Waynesboro, PA | 1 | $ 157,000 | $ 157,000 | $ 138,000 |
| Chicago-Naperville-Arlington Heights, IL | 1 | $ 119,000 | $ 119,000 | $ 80,000 |
| Chico, CA | 1 | $ 175,000 | $ 175,000 | $ 27,000 |
| Clarksville, TN-KY | 1 | $ 279,000 | $ 279,000 | $ 0 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 151,000 | $ 151,000 | $ 50,000 |
| East Stroudsburg, PA | 1 | $ 310,000 | $ 310,000 | $ 0 |
| Erie, PA | 1 | $ 73,000 | $ 73,000 | $ 188,000 |
| Fayetteville, NC | 1 | $ 420,000 | $ 420,000 | $ 0 |
| Flagstaff, AZ | 1 | $ 207,000 | $ 207,000 | $ 316,000 |
| Grants Pass, OR | 1 | $ 248,000 | $ 248,000 | $ 125,000 |
| Hot Springs, AR | 1 | $ 625,000 | $ 625,000 | $ 0 |
| Knoxville, TN | 1 | $ 128,000 | $ 128,000 | $ 49,000 |
| Little Rock-North Little Rock-Conway, AR | 1 | $ 179,000 | $ 179,000 | $ 54,000 |
| Lynchburg, VA | 1 | $ 159,000 | $ 159,000 | $ 52,000 |
| Mount Vernon-Anacortes, WA | 1 | $ 195,000 | $ 195,000 | $ 49,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 304,000 | $ 304,000 | $ 79,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 376,000 | $ 376,000 | $ 107,000 |
| Portland-South Portland, ME | 1 | $ 307,000 | $ 307,000 | $ 0 |
| Reading, PA | 1 | $ 378,000 | $ 378,000 | $ 0 |
| Salisbury, MD-DE | 1 | $ 395,000 | $ 395,000 | $ 0 |
| Savannah, GA | 1 | $ 267,000 | $ 267,000 | $ 0 |
| Scranton--Wilkes-Barre--Hazleton, PA | 1 | $ 255,000 | $ 255,000 | $ 80,000 |
| Sierra Vista-Douglas, AZ | 1 | $ 333,000 | $ 333,000 | $ 0 |
| Sioux Falls, SD | 1 | $ 364,000 | $ 364,000 | $ 0 |
| Staunton-Waynesboro, VA | 1 | $ 110,000 | $ 110,000 | $ 34,000 |
| Texarkana, TX-AR | 1 | $ 247,000 | $ 247,000 | $ 0 |
| Vineland-Bridgeton, NJ | 1 | $ 253,000 | $ 253,000 | $ 0 |
| Waco, TX | 1 | $ 94,000 | $ 94,000 | $ 80,000 |
| York-Hanover, PA | 1 | $ 341,000 | $ 341,000 | $ 0 |
Mortgage Loan Application Detail Totals for Sovereign Lending Group Inc. in 2015
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 | 2,673 | $898,155,000 | $336,000 | $1,245,000 | $67,000 | $3,276,000 |
| Home Purchase | 98 | $34,112,000 | $348,000 | $856,000 | $129,000 | $440,000 |
| Home Improvement | 6 | $2,349,000 | $391,000 | $580,000 | $136,000 | $300,000 |
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 |
|---|---|---|---|---|---|---|
| White | 1,742 | $588,128,000 | $337,000 | $1,245,000 | $69,000 | $3,276,000 |
| Hispanic | 387 | $123,145,000 | $318,000 | $860,000 | $75,000 | $1,138,000 |
| Not Provided | 266 | $89,121,000 | $335,000 | $1,100,000 | $74,000 | $450,000 |
| Black or African American | 212 | $70,959,000 | $334,000 | $902,000 | $44,000 | $347,000 |
| Asian | 124 | $47,500,000 | $383,000 | $1,041,000 | $84,000 | $455,000 |
| Native Hawaiian or Other Pacific Islander | 26 | $11,323,000 | $435,000 | $1,240,000 | $105,000 | $276,000 |
| American Indian or Alaskan Native | 15 | $3,628,000 | $241,000 | $386,000 | $45,000 | $118,000 |
| Not applicable | 5 | $812,000 | $162,000 | $286,000 | $54,000 | $76,000 |
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 |
|---|---|---|---|---|---|---|
| VA-guaranteed (Veterans Administration) | 1,413 | $515,772,000 | $365,000 | $1,245,000 | $30,000 | $468,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 1,086 | $337,209,000 | $310,000 | $1,170,000 | $121,000 | $3,276,000 |
| FHA-insured (Federal Housing Administration) | 276 | $81,203,000 | $294,000 | $672,000 | $67,000 | $1,266,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $432,000 | $216,000 | $232,000 | $122,000 | $168,000 |
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 | 1,118 | $409,316,000 | $366,000 | $1,245,000 | $61,000 | $1,142,000 |
| Application Denied By Financial Institution | 637 | $203,724,000 | $319,000 | $1,240,000 | $75,000 | $2,192,000 |
| Application Withdrawn By Applicant | 523 | $166,715,000 | $318,000 | $1,010,000 | $78,000 | $3,276,000 |
| File Closed For Incompleteness | 482 | $148,036,000 | $307,000 | $1,152,000 | $71,000 | $447,000 |
| Application Approved But Not Accepted | 17 | $6,825,000 | $401,000 | $940,000 | $59,000 | $170,000 |
| 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 Application Incomplete | 257 | $81,263,000 | $316,000 | $1,240,000 | $65,000 | $540,000 |
| Debt-To-Income Ratio | 98 | $29,779,000 | $303,000 | $955,000 | $70,000 | $251,000 |
| Other | 90 | $33,423,000 | $371,000 | $1,170,000 | $93,000 | $2,192,000 |
| Collateral | 71 | $21,615,000 | $304,000 | $674,000 | $98,000 | $450,000 |
| Credit History | 70 | $22,149,000 | $316,000 | $1,100,000 | $65,000 | $447,000 |
| Unverifiable Information | 21 | $8,027,000 | $382,000 | $850,000 | $129,000 | $447,000 |
| Employment History | 9 | $2,087,000 | $231,000 | $390,000 | $82,000 | $228,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $1,307,000 | $217,000 | $378,000 | $48,000 | $134,000 |
| Mortgage Insurance Denied | 1 | $153,000 | $153,000 | $153,000 | $56,000 | $56,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Sovereign Lending Group Inc.'s 2015 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 Sovereign Lending Group 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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