Credit Union of Colorado, A Fe Mortgage Lending & HMDA Data, 2009
In 2009, Credit Union of Colorado, A Fe of Denver, CO reported 418 mortgage applications totaling $44.7 million, down 18% from 2008. The average application was for $106,930, and applicants reported an average income of $79,617. 82% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Denver-Aurora-Broomfield, CO (130), Pueblo, CO (65) and Grand Junction, CO (41) (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 | 418 |
| Total Mortgage Loan Application Amount | $44,697,000 |
| Average Mortgage Loan Application Amount | $106,930 |
| Highest Mortgage Loan Application Amount | $417,000 |
| Average Applicant Income | $79,617 |
| Highest Applicant Income | $332,000 |
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records Credit Union of Colorado, A Fe filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2009
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 | 350 | $37,446,000 | $106,000 | $400,000 | $80,000 | $332,000 |
| Home Purchase | 64 | $7,013,000 | $109,000 | $417,000 | $78,000 | $231,000 |
| Home Improvement | 4 | $238,000 | $59,000 | $86,000 | $72,000 | $124,000 |
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 | 287 | $30,261,000 | $105,000 | $412,000 | $81,000 | $256,000 |
| Not Provided | 69 | $8,349,000 | $121,000 | $417,000 | $78,000 | $173,000 |
| Hispanic | 49 | $4,623,000 | $94,000 | $346,000 | $71,000 | $332,000 |
| Asian | 7 | $1,080,000 | $154,000 | $250,000 | $84,000 | $159,000 |
| Black or African American | 5 | $299,000 | $59,000 | $108,000 | $80,000 | $146,000 |
| American Indian or Alaskan Native | 1 | $85,000 | $85,000 | $85,000 | $41,000 | $41,000 |
| 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) | 417 | $44,567,000 | $106,000 | $417,000 | $79,000 | $332,000 |
| FHA-insured (Federal Housing Administration) | 1 | $130,000 | $130,000 | $130,000 | $28,000 | $28,000 |
| 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 | 343 | $37,442,000 | $109,000 | $417,000 | $82,000 | $332,000 |
| Application Withdrawn By Applicant | 40 | $4,035,000 | $100,000 | $265,000 | $63,000 | $173,000 |
| Application Denied By Financial Institution | 29 | $2,324,000 | $80,000 | $268,000 | $68,000 | $152,000 |
| Application Approved But Not Accepted | 6 | $896,000 | $149,000 | $210,000 | $79,000 | $100,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 15 | $1,534,000 | $102,000 | $268,000 | $76,000 | $152,000 |
| Debt-To-Income Ratio | 9 | $579,000 | $64,000 | $157,000 | $55,000 | $78,000 |
| Credit History | 5 | $211,000 | $42,000 | $68,000 | $69,000 | $128,000 |
| Credit Application Incomplete | 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 Credit Union of Colorado, A Fe's 2009 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.
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