Hfc Company LLC Mortgage Lending & HMDA Data, 2006
In 2006, Hfc Company LLC of Elmhurst, IL reported 498,916 mortgage applications totaling $67.2 billion, up 10% from 2005. The average application was for $134,622, and applicants reported an average income of $65,769. 13% of its applications resulted in an originated loan and 58% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (15,612), Riverside-San Bernardino-Ontario, CA (12,598) and Chicago-Naperville-Joliet, IL (11,726) (applications in parentheses).
| Mortgage Company & Address | Hfc Company LLC 140 Industrial Drive Elmhurst, IL 60126 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 |
| Total Number of Mortgage Applications | 498,916 |
| Total Mortgage Loan Application Amount | $67,165,327,000 |
| Average Mortgage Loan Application Amount | $134,622 |
| Highest Mortgage Loan Application Amount | $7,040,000 |
| Average Applicant Income | $65,769 |
| Highest Applicant Income | $3,794,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Hfc Company LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Hfc Company LLC in 2006
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 | 302,850 | $47,464,170,000 | $156,000 | $7,040,000 | $67,000 | $3,794,000 |
| Home Improvement | 181,601 | $18,764,246,000 | $103,000 | $1,900,000 | $68,000 | $1,560,000 |
| Home Purchase | 14,465 | $936,911,000 | $64,000 | $1,125,000 | $12,000 | $2,358,000 |
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 | 276,371 | $35,954,944,000 | $130,000 | $7,040,000 | $71,000 | $2,364,000 |
| Black or African American | 91,914 | $12,186,936,000 | $132,000 | $2,610,000 | $65,000 | $3,794,000 |
| Hispanic | 53,226 | $9,504,723,000 | $178,000 | $1,300,000 | $73,000 | $1,200,000 |
| Not applicable | 36,140 | $2,742,301,000 | $75,000 | $1,058,000 | $0 | $0 |
| Not Provided | 23,275 | $3,193,374,000 | $137,000 | $1,500,000 | $74,000 | $2,358,000 |
| Asian | 9,997 | $2,296,486,000 | $229,000 | $1,000,000 | $94,000 | $1,042,000 |
| American Indian or Alaskan Native | 4,698 | $566,834,000 | $120,000 | $991,000 | $65,000 | $840,000 |
| Native Hawaiian or Other Pacific Islander | 3,295 | $719,729,000 | $218,000 | $945,000 | $84,000 | $650,000 |
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) | 498,916 | $67,165,327,000 | $134,000 | $7,040,000 | $66,000 | $3,794,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 287,551 | $39,718,472,000 | $138,000 | $7,040,000 | $68,000 | $3,794,000 |
| Application Withdrawn By Applicant | 101,790 | $16,400,646,000 | $161,000 | $1,000,000 | $77,000 | $2,358,000 |
| Loan Originated | 64,680 | $7,388,302,000 | $114,000 | $981,000 | $72,000 | $1,037,000 |
| Loan Purchased By The Institution | 36,140 | $2,742,301,000 | $75,000 | $1,058,000 | $0 | $0 |
| Application Approved But Not Accepted | 5,333 | $371,940,000 | $69,000 | $941,000 | $67,000 | $765,000 |
| File Closed For Incompleteness | 2,272 | $363,155,000 | $159,000 | $855,000 | $78,000 | $659,000 |
| Preapproval Denied by Financial Institution | 1,150 | $180,511,000 | $156,000 | $1,125,000 | $47,000 | $396,000 |
| Preapproval Approved but not Accepted | 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Hfc Company LLC's 2006 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 Hfc Company LLC'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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