Data-Driven Mortgage News & Analysis


The top three home improvement mortgage lenders in San Diego are Navy Federal Credit Union, Wells Fargo Bank, and San Diego County Credit Union

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By: Ramu Garuda August. 14, 2018

A recent Gavop study found that Navy Federal Credit Union ranks number one in the top 10 home improvement mortgage lenders in San Diego, California, with 637 loan originations in 2017. Gavop used data from the latest Home Mortgage Disclosure Act (HMDA) to conduct this analysis. Wells Fargo Bank, National Association, follows at number two, with 372 originations in the year, and San Diego County Credit Union is at number three with 258 originations.

Between 2015 and 2017, Navy Federal Credit Union has grown at a consistent rate of 8% from 589 loan originations ...

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Top refinance mortgage lenders in Las Vegas have approval rates from 28 to 70 percent

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By: Kevin Pryor   August 13, 2018

A Gavop study of the top ten refinance mortgage lenders in Las Vegas revealed that Quicken Loans Inclusive is at the top of list with the highest approval rate of 70.37% in 2017. One Nevada Credit Union is at number 2, with an approval rate of 60.98%. Loandepot.com follows at number 3 with 59.91%. U.S Bank National Association and Nationstar Mortgage are at the 9th and 10th spot with ...

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J.P Morgan Chase, Guaranteed Rate, and Quicken Loans top the list of refinance lenders in Chicago

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By: Ramu Garuda August. 10, 2018

Gavop studied the top 10 mortgage lenders of Chicago, Illinois, and the number of refinance loans originated by each in 2017 for 1-4 family houses. JP Morgan Chase Bank, National Association, has emerged as the top lender, with 1,861 loans originated in 2017. Guaranteed Rate Inclusive is second on the list and Quickens Loans Inclusive at number three, with 1,546 and 1,210 loan originations respectively,. For this analysis Gavop sourced data ...

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Three home purchase mortgage lenders with the highest growth rate in Los Angeles: First Republic Bank, HomeBridge Financial Services, and Shore Mortgage

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By: Kevin Pryor   August 09, 2018

Gavop studied the growth rates of the top ten home purchase mortgage lenders in Los Angeles and found that First Republic Bank tops the list with a growth rate of 164%. The loan origination's for First Republic increased from 215 in 2015 to 568 in 2017. HomeBridge Financial Services Inclusive is second on the list, with a growth rate of 142%, from 307 loan origination's in 2015 to 744 in 2017. It ...

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Home Purchase Approval Rates are 52.1 Percent Higher than Refinance and Home Improvement Loan Approval Rates in Houston, TX

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By: Ramu Garuda July. 26, 2018

Loan approval rates issued for the purchase of a new home are higher than those for refinance and home improvement loans in Houston, Texas. In 2017, 52.10% of approvals were for home purchase loans, while 41.35% approvals were for refinance loans and 39.9% for home improvement loans.

These data were revealed in one of Gavop’s latest studies, using statistics from the Home Mortgage Disclosure Act (HMDA). The study examined approval ...

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Home Purchase Loans Receive Higher Rates of Approval than Home Improvement and Refinance Loans in Phoenix, AZ

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By: Ramu Garuda July. 24, 2018

Of people applying for housing-related loans in Phoenix, AZ, those buying new homes have the highest approval rate. In 2017, 53.79% of loan applications for new home purchases were approved, while 45.88% of loan applications for home refinance were approved, and 45.78% home improvement loans were approved.

This information was disclosed in a recent study by Gavop using statistics from the Home Mortgage Disclosure Act (HMDA). The analysis was designed to ...

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Home Purchase Approval Rates are Higher than Refinance and Home Improvement Loans in Los Angeles, CA

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By: Ramu Garuda July. 18, 2018

Loan approval rates for the purchase of new homes are higher than refinance and home improvement approval rates in Los Angeles, California. Using the latest statistics from the Home Mortgage Disclosure Act (HMDA), Gavop reported that home purchases have the the highest percentage (55.90 percent) of approved loans as of 2017, followed by 47.05 percent for home improvements and 45.86 percent for refinance approvals.

This report analyzed approval rates in Los ...

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Colorado Residents’ Income Spent on Housing Costs is Similar to National Rate

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By: Kevin Pryor  July. 17, 2018

Colorado’s homeowners with a mortgage spend a median amount of 29.2 percent of their income on housing costs. This amount is similar to the national rate of 30.9 percent.

In a recent study, Gavop used statistics from the United States Census Bureau to calculate the amount of income people allocate to housing costs to measure homeownership debt in Colorado. Housing costs include mortgage payments, real estate taxes, home insurance, and utilities ...

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Ohio Residents with Mortgage Spend the Least of their Income on Housing Costs

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By: Kevin Pryor July. 06, 2018

Ohio residents with a mortgage spend 27.8 percent of their income on housing costs, which is less than the national value of 30.9 percent. This information was produced in a recent study conducted by Gavop using statistics by the United States Census Bureau.

The study aimed at estimating the debt people owe to their homes as a percentage of income spent on housing costs. Gavop categorized main expenses related to housing under ...

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Michigan Homeowners with a Mortgage Spend 27% of Their Income on Housing Costs

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By: Ramu Garuda July. 05, 2018

According to a recent study, Michigan homeowners with a home mortgage allocate a median value of 27.8 percent of their income to housing costs, which is lower than the national value of 30.9 percent.


Gavop used the latest numbers published by the United States Census Bureau to the estimate the amount of debt owed to living expenses in Michigan. For the purpose of this study, percentage of income spent on housing costs ...

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Mortgage-Holding Residents in Indiana Pay the Lowest Percentage of Income towards Housing Costs in the Country

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By: Kevin Pryor June. 28, 2018

A recent study discovered that mortgage-holding residents in Indiana pay the lowest percentage of income towards homeownership costs compared to the rest of the nation. In other words, Indiana has the lowest cost of living in the United States in terms of percentage of income spent on housing costs.

This study conducted by Gavop used data collected by the United States Census Bureau. The results showed that homeowners with a mortgage in Indiana paid ...

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