<ARTICLE> 9 <CIK> 0000046267 <NAME> HAWTHORNE FINANCIAL CORPORATION <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <CASH> 118,407 <INT-BEARING-DEPOSITS> 300 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 0 <INVESTMENTS-CARRYING> 0 <INVESTMENTS-MARKET> 0 <LOANS> 1,359,964 <ALLOWANCE> 19,958 <TOTAL-ASSETS> 1,517,172 <DEPOSITS> 1,038,601 <SHORT-TERM> 20,000 <LIABILITIES-OTHER> 9,839 <LONG-TERM> 364,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 53 <OTHER-SE> 84,679 <TOTAL-LIABILITIES-AND-EQUITY> 1,517,172 <INTEREST-LOAN> 31,001 <INTEREST-INVEST> 1,004 <INTEREST-OTHER> 0 <INTEREST-TOTAL> 32,005 <INTEREST-DEPOSIT> 12,425 <INTEREST-EXPENSE> 17,535 <INTEREST-INCOME-NET> 14,470 <LOAN-LOSSES> 3,000 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 8,354 <INCOME-PRETAX> 5,084 <INCOME-PRE-EXTRAORDINARY> 5,084 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,972 <EPS-PRIMARY> 0.57 <EPS-DILUTED> 0.38 <YIELD-ACTUAL> 8.90 <LOANS-NON> 41,916 <LOANS-PAST> 0 <LOANS-TROUBLED> 30,273 <LOANS-PROBLEM> 32,784 <ALLOWANCE-OPEN> 17,111 <CHARGE-OFFS> 153 <RECOVERIES> 0 <ALLOWANCE-CLOSE> 19,958 <ALLOWANCE-DOMESTIC> 19,958 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0