First Metropolitan C U Mortgage Lending & HMDA Data, 2005
In 2005, First Metropolitan C U of Concord, CA reported 116 mortgage applications totaling $12.8 million, up 3% from 2004. The average application was for $110,387, and applicants reported an average income of $74,155. 77% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Oakland-Fremont-Hayward, CA (107), Vallejo-Fairfield, CA (7) and Sacramento--Arden-Arcade--Roseville, CA (1) (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 | 116 |
| Total Mortgage Loan Application Amount | $12,805,000 |
| Average Mortgage Loan Application Amount | $110,387 |
| Highest Mortgage Loan Application Amount | $548,000 |
| Average Applicant Income | $74,155 |
| Highest Applicant Income | $300,000 |
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(HMDA) records First Metropolitan C U filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2005
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 | 74 | $6,915,000 | $93,000 | $359,000 | $68,000 | $152,000 |
| Refinancing | 42 | $5,890,000 | $140,000 | $548,000 | $85,000 | $300,000 |
| Home Purchase | 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 | 55 | $5,882,000 | $106,000 | $480,000 | $74,000 | $138,000 |
| Not Provided | 24 | $3,301,000 | $137,000 | $548,000 | $75,000 | $300,000 |
| Hispanic | 19 | $2,015,000 | $106,000 | $359,000 | $66,000 | $143,000 |
| Black or African American | 10 | $789,000 | $78,000 | $290,000 | $73,000 | $152,000 |
| Asian | 4 | $565,000 | $141,000 | $290,000 | $83,000 | $123,000 |
| American Indian or Alaskan Native | 3 | $118,000 | $39,000 | $55,000 | $94,000 | $118,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $135,000 | $135,000 | $135,000 | $98,000 | $98,000 |
| 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) | 115 | $12,790,000 | $111,000 | $548,000 | $76,000 | $300,000 |
| FHA-insured (Federal Housing Administration) | 1 | $15,000 | $15,000 | $15,000 | $67,000 | $67,000 |
| 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 | 89 | $9,861,000 | $110,000 | $548,000 | $84,000 | $300,000 |
| Application Denied By Financial Institution | 17 | $1,727,000 | $101,000 | $400,000 | $65,000 | $120,000 |
| Application Approved But Not Accepted | 7 | $1,105,000 | $157,000 | $290,000 | $67,000 | $85,000 |
| Application Withdrawn By Applicant | 3 | $112,000 | $37,000 | $60,000 | $70,000 | $119,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 4 | $313,000 | $78,000 | $200,000 | $70,000 | $120,000 |
| Other | 4 | $542,000 | $135,000 | $206,000 | $73,000 | $100,000 |
| Collateral | 3 | $145,000 | $48,000 | $75,000 | $63,000 | $100,000 |
| Credit History | 3 | $458,000 | $152,000 | $400,000 | $62,000 | $75,000 |
| Unverifiable Information | 1 | $125,000 | $125,000 | $125,000 | $50,000 | $50,000 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Metropolitan C U's 2005 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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