Sunset Mortgage Company, L.P. Mortgage Lending & HMDA Data, 2006

In 2006, Sunset Mortgage Company, L.P. of Chadds Ford, PA reported 2,703 mortgage applications totaling $473.0 million, up 19% from 2005. The average application was for $174,988, and applicants reported an average income of $86,904. 70% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Philadelphia, PA (199), Baltimore-Towson, MD (141) and Worcester, MA (128) (applications in parentheses).

Mortgage Company & Address Sunset Mortgage Company, L.P.
3 Dickenson Drive
Chadds Ford, PA 19317
Tel #: available with data download
Federal Regulator * available with data download
Years 2006  2005  2004  2003  
Total Number of Mortgage Applications 2,703
Total Mortgage Loan Application Amount $472,995,000
Average Mortgage Loan Application Amount $174,988
Highest Mortgage Loan Application Amount $1,500,000
Average Applicant Income $86,904
Highest Applicant Income $780,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Sunset Mortgage Company, L.P. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Sunset Mortgage Company, L.P. by Metropolitan Area in 2006

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Philadelphia, PA 199 $ 29,553,000 $ 148,507 $ 81,000
Baltimore-Towson, MD 141 $ 24,739,000 $ 175,453 $ 80,000
Worcester, MA 128 $ 22,513,000 $ 175,882 $ 77,000
Virginia Beach-Norfolk-Newport News, VA-NC 94 $ 15,073,000 $ 160,351 $ 72,808
Washington-Arlington-Alexandria, DC-VA-MD-WV 93 $ 25,332,000 $ 272,387 $ 114,634
Wilmington, DE-MD-NJ 91 $ 15,188,000 $ 166,901 $ 86,824
New York-White Plains-Wayne, NY-NJ 73 $ 23,068,000 $ 316,000 $ 115,054
Camden, NJ 67 $ 12,209,000 $ 182,223 $ 119,000
Orlando-Kissimmee, FL 67 $ 11,927,000 $ 178,014 $ 65,000
Albany-Schenectady-Troy, NY 66 $ 7,743,000 $ 117,318 $ 82,000
Newark-Union, NJ-PA 34 $ 8,146,000 $ 239,588 $ 80,852
Ocean City, NJ 34 $ 11,832,000 $ 348,000 $ 56,000
Atlanta-Sandy Springs-Marietta, GA 31 $ 6,463,000 $ 208,483 $ 104,000
Bridgeport-Stamford-Norwalk, CT 30 $ 8,550,000 $ 285,000 $ 123,000
Allentown-Bethlehem-Easton, PA-NJ 29 $ 4,056,000 $ 139,862 $ 73,000
Wilmington, NC 28 $ 3,875,000 $ 138,392 $ 104,000
Bethesda-Gaithersburg-Frederick, MD 27 $ 7,607,000 $ 281,740 $ 95,000
West Palm Beach-Boca Raton-Boynton Beach, FL 27 $ 6,048,000 $ 224,000 $ 104,000
Edison, NJ 26 $ 6,617,000 $ 254,500 $ 135,000
Boston-Quincy, MA 25 $ 6,730,000 $ 269,200 $ 92,000
Hagerstown-Martinsburg, MD-WV 25 $ 3,522,000 $ 140,880 $ 75,640
Kansas City, MO-KS 25 $ 3,706,000 $ 148,240 $ 56,160
Providence-New Bedford-Fall River, RI-MA 25 $ 5,805,000 $ 232,200 $ 83,800
Spokane, WA 25 $ 3,024,000 $ 120,960 $ 66,000
Vineland-Millville-Bridgeton, NJ 25 $ 3,102,000 $ 124,080 $ 40,000
Harrisburg-Carlisle, PA 24 $ 2,494,000 $ 103,916 $ 72,000
Mobile, AL 24 $ 2,229,000 $ 92,875 $ 60,000
Cambridge-Newton-Framingham, MA 23 $ 4,722,000 $ 205,304 $ 73,000
York-Hanover, PA 23 $ 2,279,000 $ 99,086 $ 77,000
Jacksonville, FL 21 $ 2,776,000 $ 132,190 $ 147,000
Warren-Troy-Farmington Hills, MI 20 $ 4,299,000 $ 214,950 $ 128,000
Wheeling, WV-OH 20 $ 1,789,000 $ 89,450 $ 58,850
Blacksburg-Christiansburg-Radford, VA 19 $ 2,175,000 $ 114,473 $ 75,000
Charleston-North Charleston, SC 19 $ 2,767,000 $ 145,631 $ 73,000
New Orleans-Metairie-Kenner, LA 19 $ 3,638,000 $ 191,473 $ 216,000
Riverside-San Bernardino-Ontario, CA 18 $ 5,552,000 $ 308,444 $ 99,000
Sarasota-Bradenton-Venice, FL 18 $ 4,143,000 $ 230,166 $ 113,000
Elmira, NY 17 $ 1,558,000 $ 91,647 $ 94,000
Phoenix-Mesa-Scottsdale, AZ 16 $ 4,011,000 $ 250,687 $ 96,000
Nassau-Suffolk, NY 15 $ 3,797,000 $ 253,133 $ 104,000
Pittsburgh, PA 15 $ 1,256,000 $ 83,733 $ 51,000
Raleigh-Cary, NC 15 $ 1,884,000 $ 125,600 $ 90,000
Springfield, MA 15 $ 1,714,000 $ 114,266 $ 41,000
Detroit-Livonia-Dearborn, MI 14 $ 2,291,000 $ 163,642 $ 51,000
Altoona, PA 13 $ 1,693,000 $ 130,230 $ 61,000
Charlotte-Gastonia-Concord, NC-SC 13 $ 2,119,000 $ 163,000 $ 110,000
Lancaster, PA 13 $ 1,992,000 $ 153,230 $ 57,000
Palm Bay-Melbourne-Titusville, FL 13 $ 2,142,000 $ 164,769 $ 50,000
Cape Coral-Fort Myers, FL 12 $ 2,856,000 $ 238,000 $ 88,000
Cleveland-Elyria-Mentor, OH 12 $ 1,151,000 $ 95,916 $ 30,000
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 12 $ 2,446,000 $ 203,833 $ 138,000
Memphis, TN-MS-AR 12 $ 1,150,000 $ 95,833 $ 69,500
Ann Arbor, MI 11 $ 1,108,000 $ 100,727 $ 60,000
Myrtle Beach-Conway-North Myrtle Beach, SC 11 $ 2,360,000 $ 214,545 $ 219,000
Naples-Marco Island, FL 11 $ 3,388,000 $ 308,000 $ 130,000
Hartford-West Hartford-East Hartford, CT 10 $ 2,271,000 $ 227,100 $ 190,000
New Haven-Milford, CT 10 $ 1,879,000 $ 187,900 $ 88,000
Tampa-St. Petersburg-Clearwater, FL 10 $ 1,489,000 $ 148,900 $ 43,000
Atlantic City, NJ 9 $ 1,741,000 $ 193,444 $ 75,000
Bakersfield, CA 9 $ 1,954,000 $ 217,111 $ 54,000
Cincinnati-Middletown, OH-KY-IN 9 $ 917,000 $ 101,888 $ 72,333
Tulsa, OK 9 $ 1,454,000 $ 161,555 $ 97,000
Chicago-Naperville-Joliet, IL 8 $ 1,770,000 $ 221,250 $ 95,000
El Paso, TX 8 $ 437,000 $ 54,625 $ 80,000
Miami-Miami Beach-Kendall, FL 8 $ 1,256,000 $ 157,000 $ 59,000
Springfield, MO 8 $ 778,000 $ 97,250 $ 64,000
Toledo, OH 8 $ 686,000 $ 85,750 $ 28,000
Baton Rouge, LA 7 $ 855,000 $ 122,142 $ 80,000
Birmingham-Hoover, AL 7 $ 843,000 $ 120,428 $ 57,000
Essex County, MA 7 $ 1,666,000 $ 238,000 $ 74,000
Little Rock-North Little Rock, AR 7 $ 678,000 $ 96,857 $ 68,000
Nashville-Davidson--Murfreesboro, TN 7 $ 682,000 $ 97,428 $ 79,000
Pittsfield, MA 7 $ 590,000 $ 84,285 $ 104,000
Richmond, VA 7 $ 1,077,000 $ 153,857 $ 70,000
San Diego-Carlsbad-San Marcos, CA 7 $ 2,727,000 $ 389,571 $ 132,000
Columbus, OH 6 $ 1,846,000 $ 307,666 $ 245,000
Dover, DE 6 $ 1,321,000 $ 220,166 $ 83,000
Knoxville, TN 6 $ 903,000 $ 150,500 $ 159,000
Los Angeles-Long Beach-Glendale, CA 6 $ 1,264,000 $ 210,666 $ 141,000
Modesto, CA 6 $ 1,959,000 $ 326,500 $ 102,000
Poughkeepsie-Newburgh-Middletown, NY 6 $ 1,282,000 $ 213,666 $ 94,000
Scranton--Wilkes-Barre, PA 6 $ 682,000 $ 113,666 $ 89,000
Buffalo-Niagara Falls, NY 5 $ 327,000 $ 65,400 $ 64,000
Dallas-Plano-Irving, TX 5 $ 1,038,000 $ 207,600 $ 110,000
Houston-Sugar Land-Baytown, TX 5 $ 480,000 $ 96,000 $ 98,000
Jackson, TN 5 $ 490,000 $ 98,000 $ 45,000
Johnstown, PA 5 $ 538,000 $ 107,600 $ 61,000
Lakeland, FL 5 $ 597,000 $ 119,400 $ 60,000
Pensacola-Ferry Pass-Brent, FL 5 $ 1,591,000 $ 318,200 $ 30,000
Rockingham County-Strafford County, NH 5 $ 1,528,000 $ 305,600 $ 144,000
Rocky Mount, NC 5 $ 563,000 $ 112,600 $ 53,000
Austin-Round Rock, TX 4 $ 429,000 $ 107,250 $ 102,000
Deltona-Daytona Beach-Ormond Beach, FL 4 $ 409,000 $ 102,250 $ 76,000
Evansville, IN-KY 4 $ 430,000 $ 107,500 $ 60,250
Glens Falls, NY 4 $ 377,000 $ 94,250 $ 101,000
Greenville, NC 4 $ 413,000 $ 103,250 $ 74,000
Indianapolis-Carmel, IN 4 $ 395,000 $ 98,750 $ 122,000
Lebanon, PA 4 $ 518,000 $ 129,500 $ 77,000
Oakland-Fremont-Hayward, CA 4 $ 1,162,000 $ 290,500 $ 69,000
Omaha-Council Bluffs, NE-IA 4 $ 365,000 $ 91,250 $ 46,000
Rochester, NY 4 $ 349,000 $ 87,250 $ 149,000
Rockford, IL 4 $ 238,000 $ 59,500 $ 180,000
Sacramento--Arden-Arcade--Roseville, CA 4 $ 937,000 $ 234,250 $ 109,000
Santa Ana-Anaheim-Irvine, CA 4 $ 1,608,000 $ 402,000 $ 81,000
Sebastian-Vero Beach, FL 4 $ 628,000 $ 157,000 $ 14,000
St. Louis, MO-IL 4 $ 317,000 $ 79,250 $ 40,500
Trenton-Ewing, NJ 4 $ 876,000 $ 219,000 $ 47,000
Utica-Rome, NY 4 $ 262,000 $ 65,500 $ 55,000
Barnstable Town, MA 3 $ 735,000 $ 245,000 $ 65,000
Columbia, SC 3 $ 234,000 $ 78,000 $ 84,000
Dayton, OH 3 $ 241,000 $ 80,333 $ 64,000
Fayetteville-Springdale-Rogers, AR-MO 3 $ 433,000 $ 144,333 $ 96,000
Fresno, CA 3 $ 417,000 $ 139,000 $ 89,000
Hickory-Lenoir-Morganton, NC 3 $ 291,000 $ 97,000 $ 102,000
Huntington-Ashland, WV-KY-OH 3 $ 158,000 $ 52,666 $ 40,000
Kingston, NY 3 $ 595,000 $ 198,333 $ 130,000
Louisville-Jefferson County, KY-IN 3 $ 380,000 $ 126,666 $ 14,000
Parkersburg-Marietta-Vienna, WV-OH 3 $ 440,000 $ 146,666 $ 101,333
Stockton, CA 3 $ 529,000 $ 176,333 $ 91,000
Akron, OH 2 $ 209,000 $ 104,500 $ 31,000
Cumberland, MD-WV 2 $ 130,000 $ 65,000 $ 58,000
Davenport-Moline-Rock Island, IA-IL 2 $ 105,000 $ 52,500 $ 89,000
Elizabethtown, KY 2 $ 320,000 $ 160,000 $ 136,000
Fayetteville, NC 2 $ 182,000 $ 91,000 $ 27,000
Flint, MI 2 $ 398,000 $ 199,000 $ 159,000
Fort Smith, AR-OK 2 $ 222,000 $ 111,000 $ 37,000
Fort Walton Beach-Crestview-Destin, FL 2 $ 430,000 $ 215,000 $ 81,000
Holland-Grand Haven, MI 2 $ 140,000 $ 70,000 $ 53,000
Huntsville, AL 2 $ 149,000 $ 74,500 $ 60,000
Jacksonville, NC 2 $ 111,000 $ 55,500 $ 128,000
Kalamazoo-Portage, MI 2 $ 294,000 $ 147,000 $ 84,000
Killeen-Temple-Fort Hood, TX 2 $ 173,000 $ 86,500 $ 46,000
Kokomo, IN 2 $ 251,000 $ 125,500 $ 68,000
Lake Charles, LA 2 $ 179,000 $ 89,500 $ 116,000
Las Vegas-Paradise, NV 2 $ 361,000 $ 180,500 $ 120,000
Montgomery, AL 2 $ 170,000 $ 85,000 $ 62,000
Norwich-New London, CT 2 $ 332,000 $ 166,000 $ 96,000
Ocala, FL 2 $ 204,000 $ 102,000 $ 65,000
Panama City-Lynn Haven, FL 2 $ 419,000 $ 209,500 $ 153,000
Port St. Lucie-Fort Pierce, FL 2 $ 470,000 $ 235,000 $ 86,000
Salisbury, MD 2 $ 545,000 $ 272,500 $ 68,000
Vallejo-Fairfield, CA 2 $ 678,000 $ 339,000 $ 77,000
Weirton-Steubenville, WV-OH 2 $ 106,000 $ 53,000 $ 35,000
Wichita, KS 2 $ 418,000 $ 209,000 $ 169,000
Augusta-Richmond County, GA-SC 1 $ 89,000 $ 89,000 $ 66,000
Brownsville-Harlingen, TX 1 $ 316,000 $ 316,000 $ 223,000
Brunswick, GA 1 $ 230,000 $ 230,000 $ 132,000
Champaign-Urbana, IL 1 $ 116,000 $ 116,000 $ 156,000
Clarksville, TN-KY 1 $ 93,000 $ 93,000 $ 72,000
Decatur, AL 1 $ 134,000 $ 134,000 $ 73,000
Des Moines-West Des Moines, IA 1 $ 111,000 $ 111,000 $ 39,000
Durham, NC 1 $ 209,000 $ 209,000 $ 190,000
Erie, PA 1 $ 163,000 $ 163,000 $ 114,000
Florence, SC 1 $ 68,000 $ 68,000 $ 42,000
Fort Worth-Arlington, TX 1 $ 153,000 $ 153,000 $ 61,000
Goldsboro, NC 1 $ 53,000 $ 53,000 $ 41,000
Greensboro-High Point, NC 1 $ 196,000 $ 196,000 $ 0
Greenville, SC 1 $ 275,000 $ 275,000 $ 147,000
Gulfport-Biloxi, MS 1 $ 127,000 $ 127,000 $ 72,000
Harrisonburg, VA 1 $ 300,000 $ 300,000 $ 336,000
Hot Springs, AR 1 $ 126,000 $ 126,000 $ 131,000
Houma-Bayou Cane-Thibodaux, LA 1 $ 85,000 $ 85,000 $ 21,000
Lewiston-Auburn, ME 1 $ 143,000 $ 143,000 $ 36,000
Lynchburg, VA 1 $ 394,000 $ 394,000 $ 589,000
Milwaukee-Waukesha-West Allis, WI 1 $ 132,000 $ 132,000 $ 37,000
Monroe, MI 1 $ 210,000 $ 210,000 $ 108,000
Muncie, IN 1 $ 135,000 $ 135,000 $ 14,000
Niles-Benton Harbor, MI 1 $ 99,000 $ 99,000 $ 65,000
Ogden-Clearfield, UT 1 $ 204,000 $ 204,000 $ 168,000
Oklahoma City, OK 1 $ 227,000 $ 227,000 $ 125,000
Pascagoula, MS 1 $ 195,000 $ 195,000 $ 144,000
Prescott, AZ 1 $ 272,000 $ 272,000 $ 101,000
Reading, PA 1 $ 175,000 $ 175,000 $ 42,000
Saginaw-Saginaw Township North, MI 1 $ 50,000 $ 50,000 $ 109,000
Salem, OR 1 $ 165,000 $ 165,000 $ 68,000
Salt Lake City, UT 1 $ 304,000 $ 304,000 $ 104,000
San Antonio, TX 1 $ 105,000 $ 105,000 $ 114,000
San Francisco-San Mateo-Redwood City, CA 1 $ 461,000 $ 461,000 $ 0
San Jose-Sunnyvale-Santa Clara, CA 1 $ 675,000 $ 675,000 $ 228,000
Seattle-Bellevue-Everett, WA 1 $ 254,000 $ 254,000 $ 0
Shreveport-Bossier City, LA 1 $ 73,000 $ 73,000 $ 28,000
Spartanburg, SC 1 $ 243,000 $ 243,000 $ 174,000
St. Joseph, MO-KS 1 $ 191,000 $ 191,000 $ 76,000
Tallahassee, FL 1 $ 112,000 $ 112,000 $ 210,000
Visalia-Porterville, CA 1 $ 122,000 $ 122,000 $ 75,000
Wenatchee, WA 1 $ 168,000 $ 168,000 $ 51,000
Yakima, WA 1 $ 120,000 $ 120,000 $ 145,000

Mortgage Loan Application Detail Totals for Sunset Mortgage Company, L.P. 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 1,373 $266,490,000 $194,000 $1,500,000 $81,000 $780,000
Home Purchase 1,330 $206,505,000 $155,000 $1,205,000 $93,000 $630,000
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
White 1,671 $289,366,000 $173,000 $1,300,000 $89,000 $780,000
Not Provided 348 $63,387,000 $182,000 $1,000,000 $89,000 $600,000
Black or African American 345 $57,336,000 $166,000 $1,500,000 $77,000 $342,000
Hispanic 221 $38,269,000 $173,000 $995,000 $76,000 $576,000
Asian 102 $19,928,000 $195,000 $700,000 $98,000 $263,000
American Indian or Alaskan Native 10 $3,253,000 $325,000 $939,000 $63,000 $172,000
Native Hawaiian or Other Pacific Islander 6 $1,456,000 $242,000 $542,000 $121,000 $156,000
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) 2,703 $472,995,000 $174,000 $1,500,000 $87,000 $780,000
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 Originated 1,898 $332,735,000 $175,000 $1,500,000 $83,000 $589,000
Application Denied By Financial Institution 491 $85,537,000 $174,000 $1,000,000 $98,000 $780,000
Application Approved But Not Accepted 202 $35,077,000 $173,000 $640,000 $86,000 $360,000
Application Withdrawn By Applicant 67 $12,218,000 $182,000 $1,205,000 $97,000 $593,000
File Closed For Incompleteness 45 $7,428,000 $165,000 $450,000 $103,000 $342,000
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
Collateral 75 $16,100,000 $214,000 $1,000,000 $123,000 $630,000
Credit History 73 $12,258,000 $167,000 $728,000 $87,000 $582,000
Debt-To-Income Ratio 68 $11,891,000 $174,000 $880,000 $71,000 $360,000
Other 53 $8,927,000 $168,000 $650,000 $89,000 $455,000
Insufficient Cash (Downpayment, Closing Cost) 19 $2,896,000 $152,000 $980,000 $131,000 $390,000
Unverifiable Information 18 $5,257,000 $292,000 $1,000,000 $169,000 $600,000
Credit Application Incomplete 10 $670,000 $67,000 $202,000 $105,000 $521,000
Employment History 8 $1,172,000 $146,000 $309,000 $70,000 $160,000
Mortgage Insurance Denied 1 $94,000 $94,000 $94,000 $43,000 $43,000

Our comprehensive HMDA mortgage statistics provide invaluable insights into Sunset Mortgage Company, L.P.'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 Sunset Mortgage Company, L.P.'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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