Bourns Employees F C U Mortgage Lending & HMDA Data, 2010
In 2010, Bourns Employees F C U of Riverside, CA reported 36 mortgage applications totaling $6.0 million, down 62% from 2009. The average application was for $167,361, and applicants reported an average income of $87,333. 42% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Riverside-San Bernardino-Ontario, CA (29), Atlanta-Sandy Springs-Marietta, GA (1) and Logan, UT-ID (1) (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 | 36 |
| Total Mortgage Loan Application Amount | $6,025,000 |
| Average Mortgage Loan Application Amount | $167,361 |
| Highest Mortgage Loan Application Amount | $417,000 |
| Average Applicant Income | $87,333 |
| Highest Applicant Income | $210,000 |
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(HMDA) records Bourns Employees F C U filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | $ 5,016,000 | $ 172,965 | $ 85,000 |
| Atlanta-Sandy Springs-Marietta, GA | 1 | $ 188,000 | $ 188,000 | $ 80,000 |
| Logan, UT-ID | 1 | $ 118,000 | $ 118,000 | $ 30,000 |
| Reno-Sparks, NV | 1 | $ 150,000 | $ 150,000 | $ 210,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 1 | $ 313,000 | $ 313,000 | $ 174,000 |
| San Diego-Carlsbad-San Marcos, CA | 1 | $ 100,000 | $ 100,000 | $ 87,000 |
Mortgage Loan Application Detail Totals for Bourns Employees F C U in 2010
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 | 29 | $5,344,000 | $184,000 | $417,000 | $85,000 | $174,000 |
| Home Purchase | 7 | $681,000 | $97,000 | $168,000 | $97,000 | $210,000 |
| 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 | 23 | $2,970,000 | $129,000 | $352,000 | $82,000 | $174,000 |
| Hispanic | 7 | $1,707,000 | $243,000 | $417,000 | $122,000 | $210,000 |
| Asian | 3 | $695,000 | $231,000 | $317,000 | $73,000 | $92,000 |
| Black or African American | 2 | $393,000 | $196,000 | $358,000 | $73,000 | $123,000 |
| Not Provided | 1 | $260,000 | $260,000 | $260,000 | $48,000 | $48,000 |
| American Indian or Alaskan Native | 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 |
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) | 36 | $6,025,000 | $167,000 | $417,000 | $87,000 | $210,000 |
| 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 | 15 | $2,775,000 | $185,000 | $417,000 | $81,000 | $152,000 |
| Application Withdrawn By Applicant | 13 | $2,082,000 | $160,000 | $318,000 | $105,000 | $210,000 |
| File Closed For Incompleteness | 4 | $717,000 | $179,000 | $342,000 | $88,000 | $143,000 |
| Application Denied By Financial Institution | 2 | $183,000 | $91,000 | $144,000 | $38,000 | $51,000 |
| Application Approved But Not Accepted | 1 | $188,000 | $188,000 | $188,000 | $80,000 | $80,000 |
| Preapproval Approved but not Accepted | 1 | $80,000 | $80,000 | $80,000 | $52,000 | $52,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 1 | $39,000 | $39,000 | $39,000 | $25,000 | $25,000 |
| Collateral | 1 | $144,000 | $144,000 | $144,000 | $51,000 | $51,000 |
| Credit Application Incomplete | 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 2010 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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