Sag-Aftra FCU Mortgage Lending & HMDA Data, 2006
In 2006, Sag-Aftra FCU of Novato, CA reported 118 mortgage applications totaling $36.4 million, down 40% from 2005. The average application was for $308,101, and applicants reported an average income of $119,762. 68% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (76), Chicago-Naperville-Joliet, IL (2) and Oxnard-Thousand Oaks-Ventura, CA (2) (applications in parentheses).
| Mortgage Company & Address | Sag-Aftra FCU 1450 Grant Ave #204 Novato, CA 94945 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 118 |
| Total Mortgage Loan Application Amount | $36,356,000 |
| Average Mortgage Loan Application Amount | $308,101 |
| Highest Mortgage Loan Application Amount | $1,260,000 |
| Average Applicant Income | $119,762 |
| Highest Applicant Income | $496,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Sag-Aftra FCU filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Los Angeles-Long Beach-Glendale, CA | 76 | $ 26,904,000 | $ 354,000 | $ 120,000 |
| Chicago-Naperville-Joliet, IL | 2 | $ 182,000 | $ 91,000 | $ 72,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 2 | $ 356,000 | $ 178,000 | $ 85,000 |
Mortgage Loan Application Detail Totals for Sag-Aftra FCU in 2006
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 | 70 | $22,923,000 | $327,000 | $1,260,000 | $110,000 | $496,000 |
| Home Purchase | 48 | $13,433,000 | $279,000 | $720,000 | $134,000 | $384,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not Provided | 100 | $32,857,000 | $328,000 | $1,260,000 | $123,000 | $496,000 |
| Hispanic | 9 | $2,120,000 | $235,000 | $550,000 | $93,000 | $150,000 |
| White | 8 | $1,269,000 | $158,000 | $316,000 | $115,000 | $228,000 |
| Asian | 1 | $110,000 | $110,000 | $110,000 | $54,000 | $54,000 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
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) | 118 | $36,356,000 | $308,000 | $1,260,000 | $120,000 | $496,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 80 | $22,591,000 | $282,000 | $720,000 | $120,000 | $496,000 |
| Application Approved But Not Accepted | 24 | $9,199,000 | $383,000 | $1,260,000 | $131,000 | $300,000 |
| Application Withdrawn By Applicant | 7 | $2,699,000 | $385,000 | $535,000 | $118,000 | $179,000 |
| File Closed For Incompleteness | 4 | $1,037,000 | $259,000 | $395,000 | $66,000 | $84,000 |
| Application Denied By Financial Institution | 3 | $830,000 | $276,000 | $520,000 | $89,000 | $144,000 |
| 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 |
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 |
|---|---|---|---|---|---|---|
| Credit History | 2 | $730,000 | $365,000 | $520,000 | $90,000 | $144,000 |
| Debt-To-Income Ratio | 1 | $100,000 | $100,000 | $100,000 | $89,000 | $89,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Sag-Aftra FCU's 2006 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 Sag-Aftra FCU'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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