Credit Union of Colorado, A Fe Mortgage Lending & HMDA Data, 2008
In 2008, Credit Union of Colorado, A Fe of Denver, CO reported 511 mortgage applications totaling $49.3 million, down 5% from 2007. The average application was for $96,489, and applicants reported an average income of $79,365. 74% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Denver-Aurora, CO (141), Pueblo, CO (73) and Grand Junction, CO (48) (applications in parentheses).
| Mortgage Company & Address | Credit Union of Colorado, A Fe 1390 Logan Street Denver, CO 80203 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 511 |
| Total Mortgage Loan Application Amount | $49,306,000 |
| Average Mortgage Loan Application Amount | $96,489 |
| Highest Mortgage Loan Application Amount | $450,000 |
| Average Applicant Income | $79,365 |
| Highest Applicant Income | $780,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Credit Union of Colorado, A Fe filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Credit Union of Colorado, A Fe 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 | 394 | $39,006,000 | $99,000 | $450,000 | $80,000 | $780,000 |
| Home Purchase | 108 | $9,990,000 | $92,000 | $417,000 | $77,000 | $296,000 |
| Home Improvement | 9 | $310,000 | $34,000 | $64,000 | $80,000 | $111,000 |
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 | 379 | $36,864,000 | $97,000 | $450,000 | $78,000 | $780,000 |
| Hispanic | 61 | $4,910,000 | $80,000 | $285,000 | $69,000 | $180,000 |
| Not Provided | 58 | $6,184,000 | $106,000 | $417,000 | $96,000 | $390,000 |
| Asian | 6 | $641,000 | $106,000 | $228,000 | $82,000 | $118,000 |
| American Indian or Alaskan Native | 4 | $284,000 | $71,000 | $100,000 | $61,000 | $84,000 |
| Black or African American | 3 | $423,000 | $141,000 | $214,000 | $78,000 | $131,000 |
| 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) | 510 | $49,258,000 | $96,000 | $450,000 | $79,000 | $780,000 |
| FHA-insured (Federal Housing Administration) | 1 | $48,000 | $48,000 | $48,000 | $57,000 | $57,000 |
| 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 | 377 | $36,203,000 | $96,000 | $417,000 | $82,000 | $780,000 |
| Application Withdrawn By Applicant | 75 | $8,573,000 | $114,000 | $365,000 | $79,000 | $198,000 |
| Application Denied By Financial Institution | 45 | $3,285,000 | $73,000 | $450,000 | $57,000 | $215,000 |
| Application Approved But Not Accepted | 10 | $962,000 | $96,000 | $300,000 | $73,000 | $130,000 |
| File Closed For Incompleteness | 4 | $283,000 | $70,000 | $148,000 | $57,000 | $64,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 16 | $1,026,000 | $64,000 | $225,000 | $52,000 | $120,000 |
| Credit History | 11 | $591,000 | $53,000 | $165,000 | $64,000 | $99,000 |
| Debt-To-Income Ratio | 11 | $1,144,000 | $104,000 | $450,000 | $66,000 | $215,000 |
| Credit Application Incomplete | 3 | $243,000 | $81,000 | $200,000 | $52,000 | $94,000 |
| Other | 2 | $175,000 | $87,000 | $100,000 | $43,000 | $60,000 |
| Unverifiable Information | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Credit Union of Colorado, A Fe'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 Credit Union of Colorado, A Fe'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 Colorado, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About