First Entertainment CU Mortgage Lending & HMDA Data, 2020

In 2020, First Entertainment CU of Hollywood, CA reported 1,600 mortgage applications totaling $814.9 million, up 86% from 2019. The average application was for $509,293, and applicants reported an average income of $148,414. 42% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (919), Riverside-San Bernardino-Ontario, CA (51) and Oxnard-Thousand Oaks-Ventura, CA (42) (applications in parentheses).

Mortgage Company & Address First Entertainment CU
6735 Forest Lawn Dr
Hollywood, CA 90068
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 1,600
Total Mortgage Loan Application Amount $814,870,000
Average Mortgage Loan Application Amount $509,293
Highest Mortgage Loan Application Amount $6,805,000
Average Applicant Income $148,414
Highest Applicant Income $3,492,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Entertainment CU filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for First Entertainment CU by County in 2020

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Los Angeles, California 919 $ 462,845,000 $ 503,639 $ 168,000
Ventura, California 42 $ 18,840,000 $ 448,571 $ 126,000
San Bernardino, California 28 $ 8,620,000 $ 307,857 $ 180,000
Riverside, California 23 $ 9,585,000 $ 416,739 $ 111,000
Orange, California 15 $ 11,585,000 $ 772,333 $ 242,000
San Diego, California 11 $ 11,165,000 $ 1,015,000 $ 194,000
Alameda, California 7 $ 3,965,000 $ 566,428 $ 169,000
Kern, California 6 $ 1,050,000 $ 175,000 $ 41,000
Santa Barbara, California 4 $ 2,810,000 $ 702,500 $ 155,000
Nevada, California 3 $ 1,645,000 $ 548,333 $ 217,000
Marin, California 2 $ 1,440,000 $ 720,000 $ 348,000
Mono, California 2 $ 1,300,000 $ 650,000 $ 220,000
Sacramento, California 2 $ 310,000 $ 155,000 $ 63,000
Santa Clara, California 2 $ 1,500,000 $ 750,000 $ 222,000
Butte, California 1 $ 775,000 $ 775,000 $ 182,000
Fresno, California 1 $ 2,155,000 $ 2,155,000 $ 402,000
Kings, California 1 $ 3,245,000 $ 3,245,000 $ 517,000
Mariposa, California 1 $ 485,000 $ 485,000 $ 169,000
Napa, California 1 $ 485,000 $ 485,000 $ 250,000
San Luis Obispo, California 1 $ 205,000 $ 205,000 $ 393,000
San Mateo, California 1 $ 175,000 $ 175,000 $ 190,000
Sonoma, California 1 $ 1,015,000 $ 1,015,000 $ 300,000
Tulare, California 1 $ 155,000 $ 155,000 $ 52,000
Washoe, Nevada 1 $ 975,000 $ 975,000 $ 480,000

Mortgage Loan Application Detail Totals for First Entertainment CU in 2020

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 854 $392,390,000 $459,000 $4,345,000 $165,000 $3,492,000
Home Purchase 604 $336,680,000 $557,000 $4,005,000 $129,000 $1,203,000
Home Improvement 123 $48,255,000 $392,000 $1,875,000 $99,000 $1,227,000
Cash-out Refinancing 19 $37,545,000 $1,976,000 $6,805,000 $340,000 $1,977,000
Not Applicable 0 $0 $0 $0 $0 $0
Other Purpose 0 $0 $0 $0 $0 $0

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 822 $426,110,000 $518,000 $4,055,000 $159,000 $2,005,000
Not Provided 442 $211,840,000 $479,000 $1,605,000 $146,000 $3,492,000
Hispanic 143 $58,935,000 $412,000 $1,305,000 $102,000 $348,000
Black or African American 69 $31,785,000 $460,000 $1,205,000 $133,000 $687,000
Asian 57 $25,075,000 $439,000 $1,155,000 $128,000 $325,000
Not applicable 22 $42,470,000 $1,930,000 $6,805,000 $328,000 $1,977,000
American Indian or Alaskan Native 6 $2,410,000 $401,000 $505,000 $47,000 $122,000
Native Hawaiian or Other Pacific Islander 2 $930,000 $465,000 $575,000 $140,000 $176,000

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) 1,600 $814,870,000 $509,000 $6,805,000 $149,000 $3,492,000
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 673 $366,695,000 $544,000 $6,805,000 $200,000 $3,492,000
Application Withdrawn By Applicant 513 $246,515,000 $480,000 $4,345,000 $96,000 $1,379,000
File Closed For Incompleteness 370 $183,470,000 $495,000 $1,605,000 $132,000 $965,000
Application Denied By Financial Institution 43 $17,895,000 $416,000 $1,155,000 $111,000 $442,000
Application Approved But Not Accepted 1 $295,000 $295,000 $295,000 $137,000 $137,000
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
Not applicable 1,557 $796,975,000 $511,000 $6,805,000 $150,000 $3,492,000
Debt-To-Income Ratio 21 $8,125,000 $386,000 $685,000 $94,000 $255,000
Credit History 8 $3,910,000 $488,000 $1,155,000 $102,000 $259,000
Other 5 $1,695,000 $339,000 $515,000 $151,000 $231,000
Insufficient Cash (Downpayment, Closing Cost) 4 $1,440,000 $360,000 $565,000 $78,000 $206,000
Employment History 2 $920,000 $460,000 $655,000 $159,000 $262,000
Collateral 1 $725,000 $725,000 $725,000 $442,000 $442,000
Credit Application Incomplete 1 $455,000 $455,000 $455,000 $0 $0
Unverifiable Information 1 $625,000 $625,000 $625,000 $135,000 $135,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into First Entertainment CU's 2020 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 First Entertainment CU'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.
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