Jefferson Financial Federal CU Mortgage Lending & HMDA Data, 2012
In 2012, Jefferson Financial Federal CU of Metairie, LA reported 402 mortgage applications totaling $45.5 million, up 4% from 2011. The average application was for $113,131, and applicants reported an average income of $85,079. 50% of its applications resulted in an originated loan and 23% were denied. Its largest markets were New Orleans-Metairie-Kenner, LA (378), Houma-Bayou Cane-Thibodaux, LA (10) and Baton Rouge, LA (1) (applications in parentheses).
| Mortgage Company & Address | Jefferson Financial Federal CU 77021 Airline Dr Metairie, LA 70003 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 402 |
| Total Mortgage Loan Application Amount | $45,479,000 |
| Average Mortgage Loan Application Amount | $113,131 |
| Highest Mortgage Loan Application Amount | $1,160,000 |
| Average Applicant Income | $85,079 |
| Highest Applicant Income | $978,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Jefferson Financial Federal CU filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Detail Totals for Jefferson Financial Federal CU in 2012
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 | 317 | $36,347,000 | $114,000 | $720,000 | $81,000 | $699,000 |
| Home Purchase | 80 | $8,967,000 | $112,000 | $1,160,000 | $103,000 | $978,000 |
| Home Improvement | 5 | $165,000 | $33,000 | $50,000 | $57,000 | $129,000 |
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 | 269 | $33,327,000 | $123,000 | $1,160,000 | $96,000 | $978,000 |
| Black or African American | 98 | $8,447,000 | $86,000 | $330,000 | $62,000 | $261,000 |
| Hispanic | 24 | $2,498,000 | $104,000 | $305,000 | $58,000 | $202,000 |
| Asian | 6 | $590,000 | $98,000 | $150,000 | $49,000 | $106,000 |
| American Indian or Alaskan Native | 2 | $345,000 | $172,000 | $304,000 | $152,000 | $152,000 |
| Not Provided | 2 | $235,000 | $117,000 | $150,000 | $59,000 | $65,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $37,000 | $37,000 | $37,000 | $58,000 | $58,000 |
| 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) | 402 | $45,479,000 | $113,000 | $1,160,000 | $85,000 | $978,000 |
| 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 | 202 | $22,648,000 | $112,000 | $1,160,000 | $95,000 | $978,000 |
| Application Withdrawn By Applicant | 108 | $12,558,000 | $116,000 | $417,000 | $86,000 | $425,000 |
| Application Denied By Financial Institution | 92 | $10,273,000 | $111,000 | $427,000 | $61,000 | $385,000 |
| 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 |
| 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 | 46 | $5,613,000 | $122,000 | $280,000 | $64,000 | $385,000 |
| Credit History | 42 | $4,236,000 | $100,000 | $427,000 | $60,000 | $232,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $218,000 | $109,000 | $118,000 | $58,000 | $70,000 |
| Employment History | 1 | $122,000 | $122,000 | $122,000 | $31,000 | $31,000 |
| Collateral | 1 | $84,000 | $84,000 | $84,000 | $45,000 | $45,000 |
| Credit Application Incomplete | 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 Jefferson Financial Federal CU's 2012 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 Jefferson Financial Federal 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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