Logix Federal Credit Union Mortgage Lending & HMDA Data, 2003

In 2003, Logix Federal Credit Union of Valencia, CA reported 2,825 mortgage applications totaling $498.6 million. The average application was for $176,481, and applicants reported an average income of $88,197. 76% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Los Angeles-Long Beach, CA (1,720), Nashua, NH (200) and Ventura, CA (137) (applications in parentheses).

Mortgage Company & Address Logix Federal Credit Union
2340 Hollywood Way
Valencia, CA 91355
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 2,825
Total Mortgage Loan Application Amount $498,559,000
Average Mortgage Loan Application Amount $176,481
Highest Mortgage Loan Application Amount $1,640,000
Average Applicant Income $88,197
Highest Applicant Income $994,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Logix Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for Logix Federal Credit Union by County in 2003

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Los Angeles, California 1,720 $ 315,351,000 $ 183,343 $ 86,000
Hillsborough, New Hampshire 241 $ 33,714,000 $ 139,892 $ 91,000
Ventura, California 137 $ 30,559,000 $ 223,058 $ 98,000
San Bernardino, California 97 $ 14,969,000 $ 154,319 $ 81,000
Kern, California 63 $ 7,766,000 $ 123,269 $ 69,000
Orange, California 60 $ 14,431,000 $ 240,516 $ 87,000
Riverside, California 39 $ 5,869,000 $ 150,487 $ 81,000
Rockingham, New Hampshire 27 $ 3,591,000 $ 133,000 $ 102,000
Brevard, Florida 24 $ 2,635,000 $ 109,791 $ 54,000
Merrimack, New Hampshire 20 $ 2,879,000 $ 143,950 $ 84,000
San Diego, California 18 $ 4,279,000 $ 237,722 $ 156,000
Harris, Texas 16 $ 1,691,000 $ 105,687 $ 72,000
Montgomery, Maryland 13 $ 3,354,000 $ 258,000 $ 137,000
Middlesex, Massachusetts 11 $ 1,771,000 $ 161,000 $ 105,000
Clark, Nevada 11 $ 2,038,000 $ 185,272 $ 214,000
King, Washington 11 $ 1,933,000 $ 175,727 $ 81,000
Maricopa, Arizona 10 $ 1,633,000 $ 163,300 $ 71,000
Cobb, Georgia 9 $ 1,515,000 $ 168,333 $ 105,000
Santa Clara, California 8 $ 2,290,000 $ 286,250 $ 122,000
Galveston, Texas 7 $ 843,000 $ 120,428 $ 124,000
Tarrant, Texas 7 $ 1,176,000 $ 168,000 $ 88,000
Contra Costa, California 5 $ 2,141,000 $ 428,200 $ 240,000
Fresno, California 5 $ 697,000 $ 139,400 $ 54,000
Mohave, Arizona 4 $ 502,000 $ 125,500 $ 67,000
Butte, California 4 $ 440,000 $ 110,000 $ 50,000
Mono, California 4 $ 841,000 $ 210,250 $ 460,000
Sonoma, California 4 $ 526,000 $ 131,500 $ 69,000
Essex, Massachusetts 4 $ 898,000 $ 224,500 $ 100,000
Maury, Tennessee 4 $ 334,000 $ 83,500 $ 43,000
San Luis Obispo, California 3 $ 554,000 $ 184,666 $ 106,000
El Paso, Colorado 3 $ 588,000 $ 196,000 $ 166,000
Jefferson, Colorado 3 $ 431,000 $ 143,666 $ 78,000
Honolulu, Hawaii 3 $ 1,144,000 $ 381,333 $ 91,000
Anne Arundel, Maryland 3 $ 627,000 $ 209,000 $ 112,000
Worcester, Massachusetts 3 $ 557,000 $ 185,666 $ 89,000
St. Charles, Missouri 3 $ 279,000 $ 93,000 $ 92,000
Belknap, New Hampshire 3 $ 408,000 $ 136,000 $ 93,000
Strafford, New Hampshire 3 $ 505,000 $ 168,333 $ 68,000
Orange, New York 3 $ 504,000 $ 168,000 $ 61,000
Fort Bend, Texas 3 $ 370,000 $ 123,333 $ 91,000
Montgomery, Texas 3 $ 364,000 $ 121,333 $ 86,000
Snohomish, Washington 3 $ 451,000 $ 150,333 $ 92,000
Navajo, Arizona 2 $ 182,000 $ 91,000 $ 39,000
Pima, Arizona 2 $ 288,000 $ 144,000 $ 108,000
Alameda, California 2 $ 313,000 $ 156,500 $ 73,000
Madera, California 2 $ 223,000 $ 111,500 $ 36,000
Sacramento, California 2 $ 249,000 $ 124,500 $ 102,000
Tulare, California 2 $ 188,000 $ 94,000 $ 36,000
Orange, Florida 2 $ 262,000 $ 131,000 $ 51,000
Pinellas, Florida 2 $ 187,000 $ 93,500 $ 238,000
Cherokee, Georgia 2 $ 304,000 $ 152,000 $ 90,000
Fulton, Georgia 2 $ 422,000 $ 211,000 $ 119,000
Hawaii, Hawaii 2 $ 223,000 $ 111,500 $ 42,000
Cook, Illinois 2 $ 248,000 $ 124,000 $ 110,000
York, Maine 2 $ 290,000 $ 145,000 $ 75,000
Prince George's, Maryland 2 $ 338,000 $ 169,000 $ 110,000
Dakota, Minnesota 2 $ 330,000 $ 165,000 $ 81,000
Coos, New Hampshire 2 $ 222,000 $ 111,000 $ 86,000
Grafton, New Hampshire 2 $ 334,000 $ 167,000 $ 122,000
Mercer, New Jersey 2 $ 252,000 $ 126,000 $ 52,000
Morris, New Jersey 2 $ 524,000 $ 262,000 $ 254,000
Wake, North Carolina 2 $ 525,000 $ 262,500 $ 101,000
Coos, Oregon 2 $ 221,000 $ 110,500 $ 34,000
Williamson, Tennessee 2 $ 278,000 $ 139,000 $ 106,000
Brazoria, Texas 2 $ 236,000 $ 118,000 $ 94,000
Dallas, Texas 2 $ 204,000 $ 102,000 $ 71,000
Kitsap, Washington 2 $ 517,000 $ 258,500 $ 81,000
Cochise, Arizona 1 $ 188,000 $ 188,000 $ 81,000
Gila, Arizona 1 $ 133,000 $ 133,000 $ 93,000
Garland, Arkansas 1 $ 114,000 $ 114,000 $ 58,000
Jefferson, Arkansas 1 $ 77,000 $ 77,000 $ 85,000
Amador, California 1 $ 42,000 $ 42,000 $ 35,000
El Dorado, California 1 $ 221,000 $ 221,000 $ 117,000
Lake, California 1 $ 80,000 $ 80,000 $ 29,000
Mendocino, California 1 $ 77,000 $ 77,000 $ 78,000
Monterey, California 1 $ 380,000 $ 380,000 $ 69,000
Nevada, California 1 $ 200,000 $ 200,000 $ 55,000
Placer, California 1 $ 261,000 $ 261,000 $ 103,000
Plumas, California 1 $ 123,000 $ 123,000 $ 90,000
San Benito, California 1 $ 323,000 $ 323,000 $ 130,000
San Francisco, California 1 $ 432,000 $ 432,000 $ 130,000
San Joaquin, California 1 $ 215,000 $ 215,000 $ 104,000
San Mateo, California 1 $ 485,000 $ 485,000 $ 197,000
Siskiyou, California 1 $ 98,000 $ 98,000 $ 49,000
Solano, California 1 $ 300,000 $ 300,000 $ 110,000
Tehama, California 1 $ 78,000 $ 78,000 $ 30,000
Tuolumne, California 1 $ 88,000 $ 88,000 $ 16,000
Adams, Colorado 1 $ 35,000 $ 35,000 $ 59,000
Boulder, Colorado 1 $ 225,000 $ 225,000 $ 25,000
Park, Colorado 1 $ 285,000 $ 285,000 $ 85,000
Weld, Colorado 1 $ 202,000 $ 202,000 $ 92,000
District of Columbia, District Of Columbia 1 $ 96,000 $ 96,000 $ 95,000
Charlotte, Florida 1 $ 211,000 $ 211,000 $ 130,000
Collier, Florida 1 $ 72,000 $ 72,000 $ 81,000
Leon, Florida 1 $ 119,000 $ 119,000 $ 52,000
Miami-Dade, Florida 1 $ 117,000 $ 117,000 $ 98,000
Okaloosa, Florida 1 $ 116,000 $ 116,000 $ 94,000
Palm Beach, Florida 1 $ 155,000 $ 155,000 $ 75,000
Pasco, Florida 1 $ 104,000 $ 104,000 $ 226,000
Seminole, Florida 1 $ 153,000 $ 153,000 $ 983,000
Volusia, Florida 1 $ 47,000 $ 47,000 $ 115,000
Clayton, Georgia 1 $ 200,000 $ 200,000 $ 47,000
Douglas, Georgia 1 $ 180,000 $ 180,000 $ 63,000
Gwinnett, Georgia 1 $ 191,000 $ 191,000 $ 66,000
Stephens, Georgia 1 $ 70,000 $ 70,000 $ 26,000
Kauai, Hawaii 1 $ 131,000 $ 131,000 $ 128,000
Maui, Hawaii 1 $ 125,000 $ 125,000 $ 224,000
Ada, Idaho 1 $ 122,000 $ 122,000 $ 133,000
Kootenai, Idaho 1 $ 76,000 $ 76,000 $ 21,000
Polk, Iowa 1 $ 167,000 $ 167,000 $ 83,000
St. Tammany, Louisiana 1 $ 107,000 $ 107,000 $ 112,000
Cumberland, Maine 1 $ 82,000 $ 82,000 $ 140,000
Oxford, Maine 1 $ 237,000 $ 237,000 $ 78,000
Penobscot, Maine 1 $ 80,000 $ 80,000 $ 129,000
Somerset, Maine 1 $ 54,000 $ 54,000 $ 125,000
Baltimore, Maryland 1 $ 126,000 $ 126,000 $ 994,000
Harford, Maryland 1 $ 150,000 $ 150,000 $ 49,000
Howard, Maryland 1 $ 150,000 $ 150,000 $ 59,000
Washington, Maryland 1 $ 89,000 $ 89,000 $ 93,000
Norfolk, Massachusetts 1 $ 75,000 $ 75,000 $ 78,000
Bolivar, Mississippi 1 $ 37,000 $ 37,000 $ 22,000
Gallatin, Montana 1 $ 148,000 $ 148,000 $ 66,000
Lake, Montana 1 $ 80,000 $ 80,000 $ 83,000
Yellowstone, Montana 1 $ 133,000 $ 133,000 $ 61,000
Washoe, Nevada 1 $ 128,000 $ 128,000 $ 23,000
Burlington, New Jersey 1 $ 233,000 $ 233,000 $ 130,000
Middlesex, New Jersey 1 $ 175,000 $ 175,000 $ 135,000
Ocean, New Jersey 1 $ 365,000 $ 365,000 $ 140,000
Bernalillo, New Mexico 1 $ 124,000 $ 124,000 $ 66,000
Dona Ana, New Mexico 1 $ 120,000 $ 120,000 $ 117,000
Otero, New Mexico 1 $ 160,000 $ 160,000 $ 104,000
Sandoval, New Mexico 1 $ 132,000 $ 132,000 $ 52,000
Santa Fe, New Mexico 1 $ 200,000 $ 200,000 $ 93,000
Oneida, New York 1 $ 260,000 $ 260,000 $ 103,000
Richmond, New York 1 $ 62,000 $ 62,000 $ 52,000
Suffolk, New York 1 $ 299,000 $ 299,000 $ 118,000
Ulster, New York 1 $ 251,000 $ 251,000 $ 80,000
Westchester, New York 1 $ 305,000 $ 305,000 $ 181,000
Hoke, North Carolina 1 $ 80,000 $ 80,000 $ 40,000
Cuyahoga, Ohio 1 $ 152,000 $ 152,000 $ 43,000
Ross, Ohio 1 $ 123,000 $ 123,000 $ 47,000
Warren, Ohio 1 $ 53,000 $ 53,000 $ 40,000
McCurtain, Oklahoma 1 $ 32,000 $ 32,000 $ 32,000
Columbia, Oregon 1 $ 136,000 $ 136,000 $ 42,000
Jackson, Oregon 1 $ 95,000 $ 95,000 $ 168,000
Klamath, Oregon 1 $ 200,000 $ 200,000 $ 98,000
Berks, Pennsylvania 1 $ 85,000 $ 85,000 $ 126,000
Bucks, Pennsylvania 1 $ 158,000 $ 158,000 $ 107,000
Montgomery, Pennsylvania 1 $ 190,000 $ 190,000 $ 119,000
Newport, Rhode Island 1 $ 147,000 $ 147,000 $ 140,000
Robertson, Tennessee 1 $ 143,000 $ 143,000 $ 47,000
Bexar, Texas 1 $ 109,000 $ 109,000 $ 66,000
Collin, Texas 1 $ 162,000 $ 162,000 $ 128,000
Gillespie, Texas 1 $ 142,000 $ 142,000 $ 94,000
Karnes, Texas 1 $ 61,000 $ 61,000 $ 53,000
Matagorda, Texas 1 $ 73,000 $ 73,000 $ 62,000
Parker, Texas 1 $ 130,000 $ 130,000 $ 50,000
Starr, Texas 1 $ 94,000 $ 94,000 $ 75,000
Wichita, Texas 1 $ 323,000 $ 323,000 $ 962,000
Williamson, Texas 1 $ 47,000 $ 47,000 $ 65,000
Summit, Utah 1 $ 54,000 $ 54,000 $ 186,000
Washington, Utah 1 $ 122,000 $ 122,000 $ 27,000
Danville, Virginia 1 $ 45,000 $ 45,000 $ 49,000
Spotsylvania, Virginia 1 $ 205,000 $ 205,000 $ 79,000
Pierce, Washington 1 $ 99,000 $ 99,000 $ 65,000
Jefferson, West Virginia 1 $ 166,000 $ 166,000 $ 37,000
Mercer, West Virginia 1 $ 75,000 $ 75,000 $ 42,000

Mortgage Loan Application Detail Totals for Logix Federal Credit Union 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) 2,512 $428,293,000 $139,171 $650,000 $86,714 $994,000
Home Purchase (one-to-four family) 313 $70,266,000 $154,076 $1,640,000 $96,230 $991,000
Multifamily dwelling (home purchase, home improvement, and refinancings) 0 $0 $0 $0 $0 $0
Home Improvement (one-to-four family) 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 1,483 $258,647,000 $144,969 $1,640,000 $101,454 $994,000
Information not provided by applicant in mail or telephone application 692 $125,646,000 $149,391 $650,000 $92,260 $991,000
Hispanic 405 $64,815,000 $159,166 $607,000 $73,333 $612,000
Asian or Pacific Islander 117 $23,361,000 $135,400 $480,000 $103,700 $275,000
Black 75 $15,696,000 $178,125 $525,000 $93,750 $335,000
Other 42 $7,991,000 $142,500 $650,000 $188,500 $440,000
American Indian or Alaskan Native 11 $2,403,000 $144,500 $559,000 $100,000 $168,000
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) 2,825 $498,559,000 $140,750 $1,640,000 $92,638 $994,000
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 2,148 $376,930,000 $148,911 $1,640,000 $93,852 $991,000
Application Withdrawn By Applicant 414 $75,233,000 $137,913 $650,000 $80,913 $962,000
Application Denied By Financial Institution 263 $46,396,000 $133,000 $607,000 $115,250 $994,000
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
Credit Application Incomplete 127 $22,612,000 $146,230 $559,000 $122,000 $994,000
Credit History 65 $11,979,000 $138,166 $607,000 $60,333 $200,000
Other 37 $6,495,000 $124,000 $432,000 $153,400 $440,000
Debt-To-Income Ratio 12 $2,251,000 $156,000 $390,000 $33,000 $72,000
Collateral 11 $1,390,000 $93,000 $322,000 $163,250 $983,000
Employment History 7 $951,000 $135,000 $150,000 $61,000 $186,000
Insufficient Cash (Downpayment, Closing Cost) 3 $538,000 $179,000 $254,000 $38,000 $54,000
Mortgage Insurance Denied 1 $180,000 $180,000 $180,000 $65,000 $65,000
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Logix Federal Credit Union'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 Logix 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.
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