AllMortgageDetail - Mortgage Application Details

LOS ANGELES-LONG BEACH-GLENDALE, CA
Mortgage Loan Application
Totals and Details
for 2014

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Years 2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  
Total Number of Mortgage Applications 297,132
Total Mortgage Loan Application Amount $130,542,387,000
Average Mortgage Loan Application Amount $439,000
Highest Mortgage Loan Application Amount $99,999,000
Average Applicant Income $132,000
Highest Applicant Income $9,999,000

Mortgage Loan Application Detail Totals for LOS ANGELES-LONG BEACH-GLENDALE, CA in 2014

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 177,803 $74,229,137,000 $417,000 $99,999,000 $126,000 $9,999,000
Home Purchase 104,344 $51,655,402,000 $495,000 $72,000,000 $146,000 $9,999,000
Home Improvement 14,985 $4,657,848,000 $310,000 $39,000,000 $116,000 $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 105,383 $52,686,481,000 $499,000 $18,000,000 $187,000 $9,999,000
Hispanic 67,112 $18,810,014,000 $280,000 $5,500,000 $85,000 $9,999,000
Asian 36,236 $14,810,132,000 $408,000 $14,735,000 $140,000 $9,999,000
Not applicable 36,197 $22,817,838,000 $630,000 $99,999,000 $31,000 $3,068,000
Not Provided 35,236 $16,203,016,000 $459,000 $20,843,000 $169,000 $9,999,000
Black or African American 14,051 $4,209,471,000 $299,000 $25,513,000 $101,000 $9,999,000
Native Hawaiin or Other Pacific Islander 2,107 $734,094,000 $348,000 $5,000,000 $116,000 $3,219,000
American Indian or Alaskan Native 810 $271,341,000 $334,000 $1,810,000 $132,000 $6,156,000

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) 254,500 $115,669,610,000 $454,000 $99,999,000 $143,000 $9,999,000
FHA-insured (Federal Housing Administration) 32,319 $10,749,516,000 $332,000 $22,000,000 $69,000 $7,327,000
VA-guaranteed (Veterans Administration) 10,203 $4,098,860,000 $401,000 $4,523,000 $74,000 $2,280,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 110 $24,401,000 $221,000 $586,000 $55,000 $334,000

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 149,918 $71,657,472,000 $477,000 $99,999,000 $151,000 $9,999,000
Application Denied By Financial Institution 48,817 $19,894,396,000 $407,000 $99,999,000 $125,000 $9,999,000
Loan Purchased By The Institution 43,825 $15,036,837,000 $343,000 $32,500,000 $57,000 $9,999,000
Application Withdrawn By Applicant 33,212 $14,856,133,000 $447,000 $99,999,000 $148,000 $9,999,000
File Closed For Incompleteness 10,924 $4,682,743,000 $428,000 $19,000,000 $144,000 $9,999,000
Application Approved But Not Accepted 10,407 $4,406,237,000 $423,000 $65,000,000 $149,000 $9,999,000
Preapproval Denied by Financial Institution 27 $7,992,000 $296,000 $480,000 $86,000 $247,000
Preapproval Approved but not Accepted 2 $577,000 $288,000 $330,000 $151,000 $228,000

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 12,206 $5,656,752,000 $463,000 $15,700,000 $101,000 $3,133,000
Credit History 6,557 $2,035,346,000 $310,000 $7,000,000 $121,000 $9,900,000
Collateral 5,335 $2,464,874,000 $462,000 $18,000,000 $176,000 $9,356,000
Credit Application Incomplete 4,105 $1,720,643,000 $419,000 $13,434,000 $158,000 $6,996,000
Other 3,590 $1,476,092,000 $411,000 $99,999,000 $148,000 $6,636,000
Unverifiable Information 1,640 $685,225,000 $417,000 $4,518,000 $166,000 $9,764,000
Insufficient Cash (Downpayment, Closing Cost) 1,095 $592,771,000 $541,000 $10,750,000 $173,000 $6,156,000
Employment History 406 $174,424,000 $429,000 $2,500,000 $107,000 $661,000
Mortgage Insurance Denied 14 $5,019,000 $358,000 $595,000 $111,000 $251,000