Bourns Employees F C U Mortgage Lending & HMDA Data, 2011
In 2011, Bourns Employees F C U of Riverside, CA reported 93 mortgage applications totaling $15.5 million, up 158% from 2010. The average application was for $166,946, and applicants reported an average income of $109,881. 60% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Riverside-San Bernardino-Ontario, CA (55), Santa Ana-Anaheim-Irvine, CA (4) and Bremerton-Silverdale, WA (2) (applications in parentheses).
| Mortgage Company & Address | Bourns Employees F C U 1200 Columbia Ave Riverside, CA 92507 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2011 2010 2009 2008 2005 |
| Total Number of Mortgage Applications | 93 |
| Total Mortgage Loan Application Amount | $15,526,000 |
| Average Mortgage Loan Application Amount | $166,946 |
| Highest Mortgage Loan Application Amount | $417,000 |
| Average Applicant Income | $109,881 |
| Highest Applicant Income | $293,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bourns Employees F C U filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Bourns Employees F C U in 2011
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 | 67 | $11,018,000 | $164,000 | $417,000 | $111,000 | $293,000 |
| Home Purchase | 26 | $4,508,000 | $173,000 | $417,000 | $107,000 | $258,000 |
| 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 |
|---|---|---|---|---|---|---|
| White | 47 | $6,967,000 | $148,000 | $417,000 | $121,000 | $293,000 |
| Not Provided | 17 | $3,347,000 | $196,000 | $417,000 | $93,000 | $200,000 |
| Hispanic | 15 | $2,788,000 | $185,000 | $320,000 | $115,000 | $200,000 |
| Asian | 9 | $1,820,000 | $202,000 | $390,000 | $112,000 | $250,000 |
| Black or African American | 4 | $547,000 | $136,000 | $240,000 | $39,000 | $77,000 |
| American Indian or Alaskan Native | 1 | $57,000 | $57,000 | $57,000 | $46,000 | $46,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 93 | $15,526,000 | $166,000 | $417,000 | $110,000 | $293,000 |
| 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 | 56 | $9,313,000 | $166,000 | $417,000 | $108,000 | $293,000 |
| Application Withdrawn By Applicant | 23 | $4,011,000 | $174,000 | $417,000 | $131,000 | $281,000 |
| Preapproval Approved but not Accepted | 5 | $655,000 | $131,000 | $180,000 | $86,000 | $157,000 |
| Preapproval Denied by Financial Institution | 5 | $577,000 | $115,000 | $200,000 | $54,000 | $87,000 |
| File Closed For Incompleteness | 2 | $350,000 | $175,000 | $288,000 | $118,000 | $139,000 |
| Application Approved But Not Accepted | 2 | $620,000 | $310,000 | $370,000 | $94,000 | $136,000 |
| Application Denied By Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 Application Incomplete | 2 | $260,000 | $130,000 | $200,000 | $62,000 | $77,000 |
| Credit History | 1 | $60,000 | $60,000 | $60,000 | $35,000 | $35,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $189,000 | $189,000 | $189,000 | $87,000 | $87,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bourns Employees F C U's 2011 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 Bourns Employees F C U'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.
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