First Metropolitan C U Mortgage Lending & HMDA Data, 2003
In 2003, First Metropolitan C U of Concord, CA reported 89 mortgage applications totaling $7.4 million. The average application was for $82,584, and applicants reported an average income of $64,078. 89% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Oakland, CA (79), Vallejo-Fairfield-Napa, CA (4) and Sacramento, CA (2) (applications in parentheses).
| Mortgage Company & Address | First Metropolitan C U 1333 Willow Pass Rd. Suite 206 Concord, CA 94520 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 89 |
| Total Mortgage Loan Application Amount | $7,350,000 |
| Average Mortgage Loan Application Amount | $82,584 |
| Highest Mortgage Loan Application Amount | $435,000 |
| Average Applicant Income | $64,078 |
| Highest Applicant Income | $203,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Metropolitan C U filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 First Metropolitan C U in 2003
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 (home purchase or home improvement, one-to-four family) | 83 | $7,084,000 | $85,000 | $435,000 | $63,000 | $203,000 |
| Home Improvement (one-to-four family) | 6 | $266,000 | $44,000 | $67,000 | $79,000 | $123,000 |
| Home Purchase (one-to-four family) | 0 | $0 | $0 | $0 | $0 | $0 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 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 |
|---|---|---|---|---|---|---|
| Information not provided by applicant in mail or telephone application | 46 | $3,814,000 | $82,000 | $435,000 | $69,000 | $203,000 |
| White | 26 | $1,919,000 | $73,000 | $212,000 | $49,000 | $179,000 |
| Black | 8 | $882,000 | $110,000 | $275,000 | $78,000 | $129,000 |
| American Indian or Alaskan Native | 3 | $290,000 | $96,000 | $210,000 | $49,000 | $61,000 |
| Other | 3 | $158,000 | $52,000 | $82,000 | $71,000 | $82,000 |
| Hispanic | 2 | $233,000 | $116,000 | $150,000 | $66,000 | $66,000 |
| Asian or Pacific Islander | 1 | $54,000 | $54,000 | $54,000 | $114,000 | $114,000 |
| 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) | 89 | $7,350,000 | $82,000 | $435,000 | $65,000 | $203,000 |
| 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 | 79 | $6,436,000 | $81,000 | $435,000 | $61,000 | $203,000 |
| Application Withdrawn By Applicant | 7 | $722,000 | $103,000 | $250,000 | $59,000 | $168,000 |
| Application Denied By Financial Institution | 3 | $192,000 | $64,000 | $130,000 | $94,000 | $182,000 |
| 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 |
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 | 2 | $62,000 | $31,000 | $32,000 | $130,000 | $182,000 |
| Employment History | 1 | $130,000 | $130,000 | $130,000 | $22,000 | $22,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Metropolitan C U's 2003 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 Metropolitan C U'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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