F&A Federal Credit Union Mortgage Lending & HMDA Data, 2014
In 2014, F&A Federal Credit Union of Monterey Park, CA reported 398 mortgage applications totaling $55.8 million, down 36% from 2013. The average application was for $140,241, and applicants reported an average income of $125,165. 65% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (213), Riverside-San Bernardino-Ontario, CA (88) and Anaheim-Santa Ana-Irvine, CA (71) (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 | 398 |
| Total Mortgage Loan Application Amount | $55,816,000 |
| Average Mortgage Loan Application Amount | $140,241 |
| Highest Mortgage Loan Application Amount | $589,000 |
| Average Applicant Income | $125,165 |
| Highest Applicant Income | $853,000 |
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(HMDA) records F&A Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for F&A Federal Credit Union in 2014
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 | 195 | $30,795,000 | $157,000 | $589,000 | $112,000 | $335,000 |
| Home Improvement | 186 | $19,324,000 | $103,000 | $550,000 | $142,000 | $853,000 |
| Home Purchase | 17 | $5,697,000 | $335,000 | $564,000 | $92,000 | $195,000 |
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 | 183 | $23,126,000 | $126,000 | $589,000 | $141,000 | $853,000 |
| Hispanic | 142 | $15,821,000 | $111,000 | $470,000 | $117,000 | $294,000 |
| Not Provided | 48 | $12,949,000 | $269,000 | $564,000 | $92,000 | $290,000 |
| Asian | 11 | $2,033,000 | $184,000 | $500,000 | $126,000 | $290,000 |
| Black or African American | 11 | $1,315,000 | $119,000 | $383,000 | $114,000 | $247,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $372,000 | $186,000 | $287,000 | $150,000 | $161,000 |
| American Indian or Alaskan Native | 1 | $200,000 | $200,000 | $200,000 | $285,000 | $285,000 |
| 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) | 398 | $55,816,000 | $140,000 | $589,000 | $125,000 | $853,000 |
| 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 | 260 | $28,975,000 | $111,000 | $417,000 | $137,000 | $853,000 |
| Application Withdrawn By Applicant | 80 | $15,718,000 | $196,000 | $589,000 | $110,000 | $290,000 |
| Application Denied By Financial Institution | 58 | $11,123,000 | $191,000 | $564,000 | $96,000 | $244,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 17 | $3,117,000 | $183,000 | $564,000 | $73,000 | $167,000 |
| Collateral | 12 | $1,667,000 | $138,000 | $421,000 | $120,000 | $201,000 |
| Credit History | 12 | $3,035,000 | $252,000 | $411,000 | $105,000 | $244,000 |
| Credit Application Incomplete | 11 | $2,083,000 | $189,000 | $350,000 | $91,000 | $180,000 |
| Other | 6 | $1,221,000 | $203,000 | $350,000 | $109,000 | $176,000 |
| 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 F&A Federal Credit Union's 2014 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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