Ventura County Business Bank Mortgage Lending & HMDA Data, 2010
In 2010, Ventura County Business Bank of Oxnard, CA reported 16 mortgage applications totaling $5.5 million, up 1500% from 2009. The average application was for $343,625, and applicants reported an average income of $151,250. 25% of its applications resulted in an originated loan and 25% were denied. Its largest markets were Oxnard-Thousand Oaks-Ventura, CA (9) and Los Angeles-Long Beach-Glendale, CA (7).
| Mortgage Company & Address | Ventura County Business Bank 366 W. Esplanade Drive Oxnard, CA 93036 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2004 |
| Total Number of Mortgage Applications | 16 |
| Total Mortgage Loan Application Amount | $5,498,000 |
| Average Mortgage Loan Application Amount | $343,625 |
| Highest Mortgage Loan Application Amount | $583,000 |
| Average Applicant Income | $151,250 |
| Highest Applicant Income | $668,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Ventura County Business Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Oxnard-Thousand Oaks-Ventura, CA | 9 | $ 3,292,000 | $ 365,777 | $ 121,000 |
| Los Angeles-Long Beach-Glendale, CA | 7 | $ 2,206,000 | $ 315,142 | $ 190,000 |
Mortgage Loan Application Detail Totals for Ventura County Business Bank in 2010
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 | 15 | $4,915,000 | $327,000 | $515,000 | $148,000 | $668,000 |
| Home Purchase | 1 | $583,000 | $583,000 | $583,000 | $200,000 | $200,000 |
| 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 | 11 | $3,939,000 | $358,000 | $583,000 | $123,000 | $200,000 |
| Not Provided | 3 | $949,000 | $316,000 | $515,000 | $286,000 | $668,000 |
| Hispanic | 2 | $610,000 | $305,000 | $480,000 | $100,000 | $148,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 13 | $4,704,000 | $361,000 | $583,000 | $165,000 | $668,000 |
| FHA-insured (Federal Housing Administration) | 3 | $794,000 | $264,000 | $426,000 | $89,000 | $114,000 |
| 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 | 8 | $2,702,000 | $337,000 | $583,000 | $195,000 | $668,000 |
| Application Denied By Financial Institution | 4 | $1,557,000 | $389,000 | $480,000 | $127,000 | $168,000 |
| Loan Originated | 4 | $1,239,000 | $309,000 | $417,000 | $88,000 | $141,000 |
| 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 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 3 | $1,206,000 | $402,000 | $480,000 | $135,000 | $168,000 |
| Debt-To-Income Ratio | 1 | $351,000 | $351,000 | $351,000 | $103,000 | $103,000 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Ventura County Business Bank's 2010 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 Ventura County Business 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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