Los Angeles-Long Beach-Glendale, CA Metro Area Mortgage Lenders & HMDA Data, 2008

In 2008, lenders reported 399,141 mortgage applications in Los Angeles-Long Beach-Glendale, CA metro area totaling $156.1 billion, down 49% from 2007. The average application was for $391,145, and applicants reported an average income of $119,000. 33% of applications resulted in an originated loan and 24% were denied. The most active lender was JPMorgan Chase Bank, NA, with 53,086 applications, followed by Countrywide Bank FSB and Wells Fargo Bank, NA.

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Total Number of Mortgage Applications 399,141
Total Mortgage Loan Application Amount $156,122,166,000
Average Mortgage Loan Application Amount $391,145
Highest Mortgage Loan Application Amount $99,999,000
Average Applicant Income $119,000
Highest Applicant Income $9,999,000
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Top Mortgage Lenders in Los Angeles-Long Beach-Glendale, CA Metro Area (2008)

Ranked by the number of mortgage applications each lender reported in Los Angeles-Long Beach-Glendale, CA metro area in 2008.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 JPMorgan Chase Bank, NA
Columbus, OH
53,086 $29,247,996,000 $550,000 $53,000
2 Countrywide Bank FSB
Westlake Village, CA
43,974 $15,009,230,000 $341,000 $124,000
3 Wells Fargo Bank, NA
Des Moines, IA
29,075 $10,993,323,000 $378,000 $160,000
4 Bank of America, N.A.
Calabasas, CA
27,376 $9,359,298,000 $341,000 $158,000
5 Citimortgage, Inc
New York, NY
25,635 $9,391,730,000 $366,000 $132,000
6 Wachovia Mortgage FSB
Winston-Salem, NC
15,762 $6,944,833,000 $440,000 $141,000
7 Gmac Mortgage LLC
Ft. Washington, PA
11,997 $3,668,910,000 $305,000 $75,000
8 Hfc Company LLC
Mettawa, IL
8,379 $2,643,833,000 $315,000 $90,000
9 Wells Fargo Fin'l California
Des Moines, IA
6,634 $1,578,621,000 $237,000 $98,000
10 Citicorp Trust Bank, FSB
New York, NY
6,503 $2,109,561,000 $324,000 $78,000

See every lender active in Los Angeles-Long Beach-Glendale, CA metro area in 2008 »

The tables below break down 2008 mortgage applications in Los Angeles-Long Beach-Glendale, CA metro area by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Los Angeles-Long Beach-Glendale, CA in 2008

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 235,462 $95,528,742,000 $405,000 $99,999,000 $113,000 $9,999,000
Home Purchase 135,572 $54,557,428,000 $402,000 $48,500,000 $133,000 $9,999,000
Home Improvement 28,107 $6,035,996,000 $214,000 $10,800,000 $101,000 $9,999,000

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 124,384 $54,889,084,000 $441,000 $29,250,000 $163,000 $9,999,000
Hispanic 109,557 $31,885,042,000 $291,000 $13,000,000 $84,000 $8,871,000
Not Provided 59,561 $23,927,988,000 $401,000 $33,000,000 $148,000 $9,999,000
Asian 39,424 $14,840,689,000 $376,000 $16,500,000 $127,000 $8,931,000
Not applicable 37,615 $21,677,725,000 $576,000 $99,999,000 $39,000 $9,999,000
Black or African American 24,333 $7,455,243,000 $306,000 $6,168,000 $95,000 $8,276,000
Native Hawaiian or Other Pacific Islander 3,070 $1,045,166,000 $340,000 $2,293,000 $109,000 $2,831,000
American Indian or Alaskan Native 1,197 $401,229,000 $335,000 $11,400,000 $116,000 $3,228,000

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) 363,839 $144,693,896,000 $397,000 $99,999,000 $122,000 $9,999,000
FHA-insured (Federal Housing Administration) 33,806 $11,005,352,000 $325,000 $15,849,000 $89,000 $9,999,000
VA-guaranteed (Veterans Administration) 1,486 $419,739,000 $282,000 $1,000,000 $73,000 $351,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 10 $3,179,000 $317,000 $620,000 $61,000 $122,000

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 133,564 $51,588,691,000 $386,000 $99,999,000 $147,000 $9,999,000
Application Denied By Financial Institution 94,968 $35,073,542,000 $369,000 $33,000,000 $124,000 $9,999,000
Loan Purchased By The Institution 83,780 $37,109,961,000 $442,000 $30,990,000 $45,000 $6,248,000
Application Withdrawn By Applicant 38,858 $14,659,586,000 $377,000 $52,500,000 $142,000 $9,999,000
Application Approved But Not Accepted 34,569 $12,393,595,000 $358,000 $15,000,000 $139,000 $9,999,000
File Closed For Incompleteness 13,389 $5,293,705,000 $395,000 $20,000,000 $158,000 $8,931,000
Preapproval Denied by Financial Institution 13 $3,086,000 $237,000 $492,000 $82,000 $306,000
Preapproval Approved but not Accepted 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 16,508 $6,474,874,000 $392,000 $13,500,000 $94,000 $5,400,000
Collateral 16,286 $6,473,414,000 $397,000 $16,000,000 $146,000 $8,276,000
Other 10,399 $4,684,180,000 $450,000 $20,000,000 $180,000 $9,999,000
Credit History 9,329 $2,707,534,000 $290,000 $8,000,000 $119,000 $9,999,000
Credit Application Incomplete 6,952 $3,081,744,000 $443,000 $7,500,000 $164,000 $7,254,000
Unverifiable Information 5,657 $2,346,511,000 $414,000 $17,500,000 $150,000 $4,812,000
Insufficient Cash (Downpayment, Closing Cost) 1,299 $561,318,000 $432,000 $6,900,000 $149,000 $4,684,000
Employment History 687 $268,290,000 $390,000 $2,100,000 $124,000 $2,640,000
Mortgage Insurance Denied 287 $93,709,000 $326,000 $1,215,000 $94,000 $620,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

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