F&A Federal Credit Union Mortgage Lending & HMDA Data, 2007
In 2007, F&A Federal Credit Union of Monterey Park, CA reported 896 mortgage applications totaling $118.1 million, down 20% from 2006. The average application was for $131,762, and applicants reported an average income of $118,642. 71% of its applications resulted in an originated loan and 21% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (440), Riverside-San Bernardino-Ontario, CA (189) and Santa Ana-Anaheim-Irvine, CA (154) (applications in parentheses).
| Mortgage Company & Address | F&A Federal Credit Union 2625 Corporate Place Monterey Park, CA 91754 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 896 |
| Total Mortgage Loan Application Amount | $118,059,000 |
| Average Mortgage Loan Application Amount | $131,762 |
| Highest Mortgage Loan Application Amount | $650,000 |
| Average Applicant Income | $118,642 |
| Highest Applicant Income | $1,109,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records F&A Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Los Angeles-Long Beach-Glendale, CA | 440 | $ 53,425,000 | $ 121,420 | $ 107,000 |
| Riverside-San Bernardino-Ontario, CA | 189 | $ 24,028,000 | $ 127,132 | $ 126,000 |
| Santa Ana-Anaheim-Irvine, CA | 154 | $ 26,462,000 | $ 171,831 | $ 137,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 31 | $ 5,113,000 | $ 164,935 | $ 183,000 |
| Bakersfield, CA | 15 | $ 1,920,000 | $ 128,000 | $ 114,000 |
| San Diego-Carlsbad-San Marcos, CA | 12 | $ 1,901,000 | $ 158,416 | $ 109,000 |
| Las Vegas-Paradise, NV | 9 | $ 761,000 | $ 84,555 | $ 99,000 |
| Oakland-Fremont-Hayward, CA | 4 | $ 375,000 | $ 93,750 | $ 159,000 |
| Prescott, AZ | 4 | $ 265,000 | $ 66,250 | $ 71,000 |
| San Luis Obispo-Paso Robles, CA | 4 | $ 867,000 | $ 216,750 | $ 107,000 |
| Fresno, CA | 3 | $ 165,000 | $ 55,000 | $ 95,000 |
| Lake Havasu City-Kingman, AZ | 3 | $ 294,000 | $ 98,000 | $ 91,000 |
| Phoenix-Mesa-Scottsdale, AZ | 3 | $ 105,000 | $ 35,000 | $ 65,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 3 | $ 170,000 | $ 56,666 | $ 94,000 |
| Visalia-Porterville, CA | 3 | $ 515,000 | $ 171,666 | $ 95,000 |
| Chico, CA | 2 | $ 150,000 | $ 75,000 | $ 129,000 |
| Corvallis, OR | 2 | $ 145,000 | $ 72,500 | $ 48,000 |
| Portland-Vancouver-Beaverton, OR-WA | 2 | $ 71,000 | $ 35,500 | $ 64,000 |
| Yuba City, CA | 2 | $ 110,000 | $ 55,000 | $ 25,000 |
| Flagstaff, AZ | 1 | $ 200,000 | $ 200,000 | $ 81,000 |
| Merced, CA | 1 | $ 75,000 | $ 75,000 | $ 68,000 |
| San Francisco-San Mateo-Redwood City, CA | 1 | $ 40,000 | $ 40,000 | $ 80,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 88,000 | $ 88,000 | $ 42,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 1 | $ 74,000 | $ 74,000 | $ 120,000 |
| Stockton, CA | 1 | $ 200,000 | $ 200,000 | $ 214,000 |
Mortgage Loan Application Detail Totals for F&A Federal Credit 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 |
|---|---|---|---|---|---|---|
| Home Improvement | 876 | $112,623,000 | $128,000 | $500,000 | $119,000 | $1,109,000 |
| Refinancing | 17 | $4,974,000 | $292,000 | $650,000 | $100,000 | $212,000 |
| Home Purchase | 3 | $462,000 | $154,000 | $250,000 | $120,000 | $132,000 |
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 | 517 | $77,830,000 | $150,000 | $650,000 | $127,000 | $434,000 |
| Hispanic | 324 | $35,498,000 | $109,000 | $596,000 | $105,000 | $1,109,000 |
| Black or African American | 24 | $2,101,000 | $87,000 | $250,000 | $115,000 | $257,000 |
| Asian | 23 | $1,766,000 | $76,000 | $220,000 | $105,000 | $177,000 |
| American Indian or Alaskan Native | 4 | $585,000 | $146,000 | $300,000 | $144,000 | $186,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $135,000 | $67,000 | $75,000 | $161,000 | $185,000 |
| Not Provided | 2 | $144,000 | $72,000 | $75,000 | $107,000 | $116,000 |
| 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) | 896 | $118,059,000 | $131,000 | $650,000 | $118,000 | $1,109,000 |
| 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 | 632 | $84,232,000 | $133,000 | $650,000 | $123,000 | $434,000 |
| Application Denied By Financial Institution | 192 | $22,361,000 | $116,000 | $596,000 | $108,000 | $1,109,000 |
| Application Withdrawn By Applicant | 72 | $11,466,000 | $159,000 | $500,000 | $110,000 | $369,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Other | 62 | $7,082,000 | $114,000 | $500,000 | $122,000 | $1,109,000 |
| Collateral | 61 | $6,645,000 | $108,000 | $350,000 | $115,000 | $228,000 |
| Debt-To-Income Ratio | 59 | $8,060,000 | $136,000 | $596,000 | $89,000 | $230,000 |
| Credit History | 8 | $364,000 | $45,000 | $75,000 | $82,000 | $168,000 |
| Credit Application Incomplete | 1 | $85,000 | $85,000 | $85,000 | $90,000 | $90,000 |
| Unverifiable Information | 1 | $125,000 | $125,000 | $125,000 | $109,000 | $109,000 |
| 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 F&A Federal Credit 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 F&A Federal Credit 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 California, download the full spreadsheet
with aggregated HMDA statistics today.
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