Bourns Employees F C U Mortgage Lending & HMDA Data, 2008
In 2008, Bourns Employees F C U of Riverside, CA reported 60 mortgage applications totaling $13.5 million. The average application was for $224,783, and applicants reported an average income of $99,500. 42% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Riverside-San Bernardino-Ontario, CA (29), Logan, UT-ID (2) and Phoenix-Mesa-Scottsdale, AZ (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 | 60 |
| Total Mortgage Loan Application Amount | $13,487,000 |
| Average Mortgage Loan Application Amount | $224,783 |
| Highest Mortgage Loan Application Amount | $720,000 |
| Average Applicant Income | $99,500 |
| Highest Applicant Income | $720,000 |
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(HMDA) records Bourns Employees F C U filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Riverside-San Bernardino-Ontario, CA | 29 | $ 6,306,000 | $ 217,448 | $ 104,000 |
| Logan, UT-ID | 2 | $ 198,000 | $ 99,000 | $ 76,000 |
| Phoenix-Mesa-Scottsdale, AZ | 2 | $ 230,000 | $ 115,000 | $ 34,000 |
| Atlanta-Sandy Springs-Marietta, GA | 1 | $ 195,000 | $ 195,000 | $ 91,000 |
| Las Vegas-Paradise, NV | 1 | $ 36,000 | $ 36,000 | $ 111,000 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 295,000 | $ 295,000 | $ 100,000 |
| Nassau-Suffolk, NY | 1 | $ 150,000 | $ 150,000 | $ 81,000 |
| Raleigh-Cary, NC | 1 | $ 284,000 | $ 284,000 | $ 98,000 |
| Santa Ana-Anaheim-Irvine, CA | 1 | $ 140,000 | $ 140,000 | $ 89,000 |
Mortgage Loan Application Detail Totals for Bourns Employees F C U in 2008
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 | 34 | $7,418,000 | $218,000 | $600,000 | $106,000 | $720,000 |
| Home Purchase | 26 | $6,069,000 | $233,000 | $720,000 | $91,000 | $192,000 |
| 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 | 37 | $7,649,000 | $206,000 | $720,000 | $92,000 | $192,000 |
| Hispanic | 10 | $2,413,000 | $241,000 | $400,000 | $75,000 | $146,000 |
| Asian | 7 | $2,035,000 | $290,000 | $600,000 | $109,000 | $246,000 |
| Not Provided | 5 | $1,144,000 | $228,000 | $415,000 | $205,000 | $720,000 |
| Black or African American | 1 | $246,000 | $246,000 | $246,000 | $53,000 | $53,000 |
| 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) | 60 | $13,487,000 | $224,000 | $720,000 | $100,000 | $720,000 |
| 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 | 25 | $4,159,000 | $166,000 | $332,000 | $78,000 | $141,000 |
| File Closed For Incompleteness | 11 | $2,755,000 | $250,000 | $415,000 | $82,000 | $126,000 |
| Application Withdrawn By Applicant | 10 | $2,359,000 | $235,000 | $600,000 | $88,000 | $246,000 |
| Preapproval Approved but not Accepted | 8 | $2,620,000 | $327,000 | $720,000 | $127,000 | $192,000 |
| Application Approved But Not Accepted | 6 | $1,594,000 | $265,000 | $480,000 | $205,000 | $720,000 |
| Application Denied By Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bourns Employees F C U's 2008 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.
For a list of all lenders in California, download the full spreadsheet
with aggregated HMDA statistics today.
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