Community One Federal C. Union Mortgage Lending & HMDA Data, 2007
In 2007, Community One Federal C. Union of Las Vegas, NV reported 113 mortgage applications totaling $19.7 million, up 26% from 2006. The average application was for $174,628, and applicants reported an average income of $76,000. 42% of its applications resulted in an originated loan and 25% were denied. Its largest market was Las Vegas-Paradise, NV (112).
| Mortgage Company & Address | Community One Federal C. Union 2699 N. Tenaya Way Las Vegas, NV 89128 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 113 |
| Total Mortgage Loan Application Amount | $19,733,000 |
| Average Mortgage Loan Application Amount | $174,628 |
| Highest Mortgage Loan Application Amount | $475,000 |
| Average Applicant Income | $76,000 |
| Highest Applicant Income | $160,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Community One Federal C. Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Las Vegas-Paradise, NV | 112 | $ 19,633,000 | $ 175,294 | $ 76,000 |
Mortgage Loan Application Detail Totals for Community One Federal C. Union in 2007
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 | 69 | $12,330,000 | $178,000 | $475,000 | $76,000 | $160,000 |
| Home Purchase | 33 | $6,727,000 | $203,000 | $380,000 | $75,000 | $155,000 |
| Home Improvement | 11 | $676,000 | $61,000 | $205,000 | $79,000 | $143,000 |
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 | 60 | $10,054,000 | $167,000 | $375,000 | $81,000 | $160,000 |
| Hispanic | 27 | $5,272,000 | $195,000 | $438,000 | $74,000 | $149,000 |
| Black or African American | 17 | $3,077,000 | $181,000 | $475,000 | $78,000 | $143,000 |
| Asian | 6 | $910,000 | $151,000 | $276,000 | $58,000 | $93,000 |
| American Indian or Alaskan Native | 2 | $180,000 | $90,000 | $90,000 | $26,000 | $26,000 |
| Not Provided | 1 | $240,000 | $240,000 | $240,000 | $40,000 | $40,000 |
| 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) | 113 | $19,733,000 | $174,000 | $475,000 | $76,000 | $160,000 |
| 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 | 48 | $6,281,000 | $130,000 | $302,000 | $87,000 | $160,000 |
| Application Denied By Financial Institution | 28 | $5,047,000 | $180,000 | $438,000 | $64,000 | $149,000 |
| Application Withdrawn By Applicant | 16 | $3,687,000 | $230,000 | $412,000 | $81,000 | $143,000 |
| Preapproval Denied by Financial Institution | 10 | $2,009,000 | $200,000 | $380,000 | $61,000 | $112,000 |
| Application Approved But Not Accepted | 5 | $1,492,000 | $298,000 | $475,000 | $86,000 | $117,000 |
| Preapproval Approved but not Accepted | 4 | $817,000 | $204,000 | $267,000 | $62,000 | $85,000 |
| File Closed For Incompleteness | 2 | $400,000 | $200,000 | $250,000 | $32,000 | $35,000 |
| 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 | 15 | $3,330,000 | $222,000 | $438,000 | $67,000 | $149,000 |
| Debt-To-Income Ratio | 13 | $2,285,000 | $175,000 | $380,000 | $61,000 | $129,000 |
| Collateral | 5 | $744,000 | $148,000 | $276,000 | $73,000 | $117,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $677,000 | $169,000 | $250,000 | $52,000 | $73,000 |
| Credit Application Incomplete | 1 | $20,000 | $20,000 | $20,000 | $22,000 | $22,000 |
| Employment History | 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 Community One Federal C. Union's 2007 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 Community One Federal C. Union'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 Nevada, download the full spreadsheet
with aggregated HMDA statistics today.
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