Town & Country Credit Mortgage Lending & HMDA Data, 2006
In 2006, Town & Country Credit of Irvine, CA reported 36,781 mortgage applications totaling $9.8 billion, down 72% from 2005. The average application was for $267,283, and applicants reported an average income of $137,875. 6% of its applications resulted in an originated loan and 38% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (4,286), Chicago-Naperville-Joliet, IL (3,459) and Minneapolis-St. Paul-Bloomington, MN-WI (3,085) (applications in parentheses).
| Mortgage Company & Address | Town & Country Credit 2010 Main Street, Suite 800 Irvine, CA 92614 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 36,781 |
| Total Mortgage Loan Application Amount | $9,830,937,000 |
| Average Mortgage Loan Application Amount | $267,283 |
| Highest Mortgage Loan Application Amount | $4,506,000 |
| Average Applicant Income | $137,875 |
| Highest Applicant Income | $9,999,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Town & Country Credit filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Town & Country Credit 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 | 35,184 | $9,436,427,000 | $268,000 | $4,000,000 | $138,000 | $9,999,000 |
| Home Improvement | 1,043 | $322,855,000 | $309,000 | $4,506,000 | $140,000 | $3,840,000 |
| Home Purchase | 554 | $71,655,000 | $129,000 | $1,000,000 | $126,000 | $2,160,000 |
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 | 18,747 | $5,400,590,000 | $288,000 | $4,506,000 | $153,000 | $9,600,000 |
| White | 12,988 | $3,152,333,000 | $242,000 | $2,595,000 | $125,000 | $9,999,000 |
| Hispanic | 2,403 | $650,423,000 | $270,000 | $1,043,000 | $114,000 | $3,600,000 |
| Black or African American | 2,110 | $457,173,000 | $216,000 | $930,000 | $103,000 | $3,840,000 |
| Asian | 375 | $116,764,000 | $311,000 | $1,704,000 | $154,000 | $2,064,000 |
| Native Hawaiian or Other Pacific Islander | 83 | $28,852,000 | $347,000 | $872,000 | $146,000 | $984,000 |
| American Indian or Alaskan Native | 75 | $24,802,000 | $330,000 | $1,430,000 | $189,000 | $1,608,000 |
| 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) | 36,781 | $9,830,937,000 | $267,000 | $4,506,000 | $138,000 | $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 Withdrawn By Applicant | 18,598 | $4,966,434,000 | $267,000 | $1,900,000 | $147,000 | $9,999,000 |
| Application Denied By Financial Institution | 13,985 | $3,855,872,000 | $275,000 | $4,506,000 | $134,000 | $9,600,000 |
| Loan Originated | 2,350 | $520,494,000 | $221,000 | $839,000 | $96,000 | $1,740,000 |
| File Closed For Incompleteness | 1,317 | $351,184,000 | $266,000 | $1,000,000 | $148,000 | $4,800,000 |
| Application Approved But Not Accepted | 531 | $136,953,000 | $257,000 | $1,000,000 | $84,000 | $494,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 12,379 | $3,466,588,000 | $280,000 | $4,506,000 | $137,000 | $9,600,000 |
| Credit History | 1,017 | $228,669,000 | $224,000 | $1,660,000 | $113,000 | $2,442,000 |
| Collateral | 446 | $119,936,000 | $268,000 | $758,000 | $122,000 | $1,500,000 |
| Debt-To-Income Ratio | 143 | $40,679,000 | $284,000 | $760,000 | $102,000 | $1,392,000 |
| 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 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Town & Country Credit'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 Town & Country Credit'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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with aggregated HMDA statistics today.
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