United Capital Funding Mortgage Lending & HMDA Data, 2004
In 2004, United Capital Funding of Canoga Park, CA reported 583 mortgage applications totaling $121.6 million. The average application was for $208,603, and applicants reported an average income of $79,914. 69% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (290), Oxnard-Thousand Oaks-Ventura, CA (52) and Bakersfield, CA (50) (applications in parentheses).
| Mortgage Company & Address | United Capital Funding 6930 Owensmouth Avenue Canoga Park, CA 91303 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 583 |
| Total Mortgage Loan Application Amount | $121,616,000 |
| Average Mortgage Loan Application Amount | $208,603 |
| Highest Mortgage Loan Application Amount | $1,520,000 |
| Average Applicant Income | $79,914 |
| Highest Applicant Income | $460,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records United Capital Funding filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 290 | $ 63,032,000 | $ 217,351 | $ 91,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 52 | $ 12,767,000 | $ 245,519 | $ 73,000 |
| Bakersfield, CA | 50 | $ 6,336,000 | $ 126,720 | $ 35,000 |
| Santa Ana-Anaheim-Irvine, CA | 30 | $ 9,697,000 | $ 323,233 | $ 146,000 |
| Riverside-San Bernardino-Ontario, CA | 22 | $ 3,353,000 | $ 152,409 | $ 80,000 |
| Las Vegas-Paradise, NV | 20 | $ 3,043,000 | $ 152,150 | $ 78,000 |
| San Diego-Carlsbad-San Marcos, CA | 20 | $ 4,938,000 | $ 246,900 | $ 62,000 |
| Chico, CA | 17 | $ 2,467,000 | $ 145,117 | $ 43,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 12 | $ 2,639,000 | $ 219,916 | $ 108,000 |
| Stockton, CA | 9 | $ 1,506,000 | $ 167,333 | $ 78,000 |
| Fresno, CA | 8 | $ 1,534,000 | $ 191,750 | $ 41,000 |
| Oakland-Fremont-Hayward, CA | 8 | $ 900,000 | $ 112,500 | $ 72,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 5 | $ 801,000 | $ 160,200 | $ 127,000 |
| Yuba City, CA | 5 | $ 467,000 | $ 93,400 | $ 57,000 |
| Visalia-Porterville, CA | 4 | $ 219,000 | $ 54,750 | $ 0 |
| San Luis Obispo-Paso Robles, CA | 3 | $ 2,009,000 | $ 669,666 | $ 176,000 |
| Vallejo-Fairfield, CA | 3 | $ 577,000 | $ 192,333 | $ 62,000 |
| Modesto, CA | 2 | $ 290,000 | $ 145,000 | $ 0 |
| Salt Lake City, UT | 2 | $ 154,000 | $ 77,000 | $ 207,000 |
| San Francisco-San Mateo-Redwood City, CA | 2 | $ 427,000 | $ 213,500 | $ 60,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 2 | $ 443,000 | $ 221,500 | $ 21,000 |
| Santa Rosa-Petaluma, CA | 2 | $ 428,000 | $ 214,000 | $ 138,000 |
| Dallas-Plano-Irving, TX | 1 | $ 130,000 | $ 130,000 | $ 54,000 |
| Honolulu, HI | 1 | $ 426,000 | $ 426,000 | $ 100,000 |
| Madera, CA | 1 | $ 188,000 | $ 188,000 | $ 102,000 |
| Portland-Vancouver-Beaverton, OR-WA | 1 | $ 173,000 | $ 173,000 | $ 0 |
| Salinas, CA | 1 | $ 527,000 | $ 527,000 | $ 0 |
Mortgage Loan Application Detail Totals for United Capital Funding in 2004
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 | 295 | $64,844,000 | $252,400 | $1,520,000 | $121,400 | $426,000 |
| Home Purchase | 287 | $56,722,000 | $233,800 | $788,000 | $70,800 | $460,000 |
| Home Improvement | 1 | $50,000 | $50,000 | $50,000 | $78,000 | $78,000 |
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 |
|---|---|---|---|---|---|---|
| Hispanic | 215 | $39,183,000 | $170,500 | $648,000 | $75,500 | $246,000 |
| White | 142 | $31,916,000 | $282,500 | $788,000 | $78,500 | $460,000 |
| Asian | 117 | $28,358,000 | $213,600 | $795,000 | $87,000 | $210,000 |
| Not Provided | 66 | $12,956,000 | $196,000 | $1,520,000 | $71,000 | $426,000 |
| Black or African American | 35 | $7,248,000 | $166,000 | $513,000 | $55,500 | $156,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $1,024,000 | $204,000 | $320,000 | $108,000 | $153,000 |
| American Indian or Alaskan Native | 3 | $931,000 | $310,000 | $627,000 | $81,000 | $162,000 |
| 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) | 583 | $121,616,000 | $254,500 | $1,520,000 | $89,500 | $460,000 |
| 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 | 405 | $81,220,000 | $220,800 | $720,000 | $82,200 | $460,000 |
| Application Withdrawn By Applicant | 74 | $16,668,000 | $386,000 | $1,520,000 | $78,666 | $426,000 |
| Application Approved But Not Accepted | 46 | $9,952,000 | $150,333 | $795,000 | $94,000 | $264,000 |
| Application Denied By Financial Institution | 45 | $11,698,000 | $259,000 | $780,000 | $101,000 | $313,000 |
| File Closed For Incompleteness | 13 | $2,078,000 | $148,000 | $313,000 | $83,000 | $144,000 |
| 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 | 19 | $3,795,000 | $199,000 | $770,000 | $76,000 | $275,000 |
| Credit Application Incomplete | 14 | $4,615,000 | $329,000 | $780,000 | $118,000 | $246,000 |
| Credit History | 7 | $1,749,000 | $249,000 | $780,000 | $106,000 | $211,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $499,000 | $249,000 | $399,000 | $119,000 | $119,000 |
| Other | 2 | $940,000 | $470,000 | $600,000 | $40,000 | $80,000 |
| Unverifiable Information | 1 | $100,000 | $100,000 | $100,000 | $313,000 | $313,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into United Capital Funding's 2004 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 United Capital 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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with aggregated HMDA statistics today.
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