Sunwest Bank Mortgage Lending & HMDA Data, 2009
In 2009, Sunwest Bank of Irvine, CA reported 181 mortgage applications totaling $195.3 million. The average application was for $1,079,038, and applicants reported an average income of $439,303. 31% of its applications resulted in an originated loan and 44% were denied. Its largest markets were Santa Ana-Anaheim-Irvine, CA (63), San Diego-Carlsbad-San Marcos, CA (7) and Flagstaff, AZ (1) (applications in parentheses).
| Mortgage Company & Address | Sunwest Bank 2050 Main Street Suite 300 Irvine, CA 92614 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 2010 2009 |
| Total Number of Mortgage Applications | 181 |
| Total Mortgage Loan Application Amount | $195,306,000 |
| Average Mortgage Loan Application Amount | $1,079,038 |
| Highest Mortgage Loan Application Amount | $5,000,000 |
| Average Applicant Income | $439,303 |
| Highest Applicant Income | $9,999,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Sunwest Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Orange, California | 63 | $ 56,686,000 | $ 899,777 | $ 458,000 |
| San Diego, California | 7 | $ 10,500,000 | $ 1,500,000 | $ 288,000 |
| Coconino, Arizona | 1 | $ 55,000 | $ 55,000 | $ 125,000 |
Mortgage Loan Application Detail Totals for Sunwest Bank in 2009
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 | 107 | $122,515,000 | $1,145,000 | $4,800,000 | $533,000 | $9,999,000 |
| Refinancing | 65 | $65,617,000 | $1,009,000 | $5,000,000 | $284,000 | $984,000 |
| Home Improvement | 9 | $7,174,000 | $797,000 | $1,610,000 | $447,000 | $1,025,000 |
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 | 131 | $133,277,000 | $1,017,000 | $5,000,000 | $458,000 | $9,999,000 |
| Not Provided | 25 | $36,623,000 | $1,464,000 | $4,100,000 | $449,000 | $1,560,000 |
| Asian | 18 | $21,043,000 | $1,169,000 | $3,662,000 | $378,000 | $842,000 |
| Hispanic | 7 | $4,363,000 | $623,000 | $1,330,000 | $226,000 | $568,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 181 | $195,306,000 | $1,079,000 | $5,000,000 | $439,000 | $9,999,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 80 | $110,031,000 | $1,375,000 | $5,000,000 | $499,000 | $9,999,000 |
| Loan Originated | 57 | $41,633,000 | $730,000 | $1,715,000 | $319,000 | $960,000 |
| Application Withdrawn By Applicant | 34 | $34,935,000 | $1,027,000 | $2,500,000 | $513,000 | $2,371,000 |
| Application Approved But Not Accepted | 10 | $8,707,000 | $870,000 | $1,200,000 | $394,000 | $1,389,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 45 | $61,533,000 | $1,367,000 | $4,420,000 | $350,000 | $1,966,000 |
| Credit Application Incomplete | 9 | $19,494,000 | $2,166,000 | $5,000,000 | $551,000 | $1,560,000 |
| Unverifiable Information | 9 | $9,050,000 | $1,005,000 | $2,400,000 | $263,000 | $633,000 |
| Other | 8 | $7,026,000 | $878,000 | $1,500,000 | $391,000 | $843,000 |
| Collateral | 5 | $5,632,000 | $1,126,000 | $1,388,000 | $472,000 | $766,000 |
| Employment History | 2 | $1,296,000 | $648,000 | $704,000 | $189,000 | $240,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $4,800,000 | $4,800,000 | $4,800,000 | $9,999,000 | $9,999,000 |
| Credit History | 1 | $1,200,000 | $1,200,000 | $1,200,000 | $984,000 | $984,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Sunwest Bank's 2009 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 Sunwest 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.
For a list of all lenders in California, download the full spreadsheet
with aggregated HMDA statistics today.
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