F R B Federal Credit Union Mortgage Lending & HMDA Data, 2018
In 2018, F R B Federal Credit Union of Washington, DC reported 43 mortgage applications totaling $2.5 million, up 16% from 2017. The average application was for $58,953, and applicants reported an average income of $150,976. 77% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (11), New York-Jersey City-White Plains, NY-NJ (6) and St. Louis, MO-IL (5) (applications in parentheses).
| Mortgage Company & Address | F R B Federal Credit Union 20th and C Street, Nw Washington, DC 20551 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 2017 2016 2015 2014 2013 2012 2011 2006 2005 2004 |
| Total Number of Mortgage Applications | 43 |
| Total Mortgage Loan Application Amount | $2,535,000 |
| Average Mortgage Loan Application Amount | $58,953 |
| Highest Mortgage Loan Application Amount | $255,000 |
| Average Applicant Income | $150,976 |
| Highest Applicant Income | $347,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records F R B Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 11 | $ 575,000 | $ 52,272 | $ 152,636 |
| New York-Jersey City-White Plains, NY-NJ | 6 | $ 430,000 | $ 71,666 | $ 198,000 |
| St. Louis, MO-IL | 5 | $ 265,000 | $ 53,000 | $ 153,000 |
| Atlanta-Sandy Springs-Roswell, GA | 3 | $ 145,000 | $ 48,333 | $ 113,000 |
| Outside any metro area | 3 | $ 115,000 | $ 38,333 | $ 82,000 |
| Memphis, TN-MS-AR | 2 | $ 50,000 | $ 25,000 | $ 86,000 |
| Richmond, VA | 2 | $ 50,000 | $ 25,000 | $ 157,000 |
| Silver Spring-Frederick-Rockville, MD | 2 | $ 270,000 | $ 135,000 | $ 270,000 |
| Tampa-St. Petersburg-Clearwater, FL | 2 | $ 130,000 | $ 65,000 | $ 79,000 |
| Charlotte-Concord-Gastonia, NC-SC | 1 | $ 25,000 | $ 25,000 | $ 126,000 |
| East Stroudsburg, PA | 1 | $ 115,000 | $ 115,000 | $ 182,000 |
| Montgomery County-Bucks County-Chester County, PA | 1 | $ 45,000 | $ 45,000 | $ 162,000 |
| Nassau County-Suffolk County, NY | 1 | $ 105,000 | $ 105,000 | $ 178,000 |
| Newark, NJ-PA | 1 | $ 105,000 | $ 105,000 | $ 149,000 |
| Oakland-Hayward-Berkeley, CA | 1 | $ 75,000 | $ 75,000 | $ 158,000 |
| Wilmington, DE-MD-NJ | 1 | $ 35,000 | $ 35,000 | $ 155,000 |
Mortgage Loan Application Detail Totals for F R B Federal Credit Union in 2018
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 | 28 | $1,770,000 | $63,000 | $255,000 | $144,000 | $347,000 |
| Other Purpose | 15 | $765,000 | $51,000 | $115,000 | $164,000 | $251,000 |
| Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| Home Purchase | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Cash-out Refinancing | 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 |
|---|---|---|---|---|---|---|
| Black or African American | 22 | $1,120,000 | $50,000 | $165,000 | $119,000 | $239,000 |
| White | 16 | $1,120,000 | $70,000 | $255,000 | $183,000 | $347,000 |
| Asian | 2 | $160,000 | $80,000 | $105,000 | $192,000 | $236,000 |
| Hispanic | 2 | $90,000 | $45,000 | $55,000 | $194,000 | $234,000 |
| Not Provided | 1 | $45,000 | $45,000 | $45,000 | $162,000 | $162,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 42 | $2,490,000 | $59,000 | $255,000 | $151,000 | $347,000 |
| FHA-insured (Federal Housing Administration) | 1 | $45,000 | $45,000 | $45,000 | $162,000 | $162,000 |
| 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 | 33 | $2,125,000 | $64,000 | $255,000 | $151,000 | $347,000 |
| Application Approved But Not Accepted | 5 | $245,000 | $49,000 | $105,000 | $170,000 | $234,000 |
| Application Denied By Financial Institution | 4 | $150,000 | $37,000 | $55,000 | $110,000 | $230,000 |
| Application Withdrawn By Applicant | 1 | $15,000 | $15,000 | $15,000 | $239,000 | $239,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 39 | $2,385,000 | $61,000 | $255,000 | $155,000 | $347,000 |
| Collateral | 2 | $90,000 | $45,000 | $55,000 | $173,000 | $230,000 |
| Credit History | 1 | $45,000 | $45,000 | $45,000 | $47,000 | $47,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $15,000 | $15,000 | $15,000 | $48,000 | $48,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into F R B Federal Credit Union's 2018 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 R B 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 District of Columbia, download the full spreadsheet
with aggregated HMDA statistics today.
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