Logix Federal Credit Union Mortgage Lending & HMDA Data, 2004

In 2004, Logix Federal Credit Union of Valencia, CA reported 2,059 mortgage applications totaling $387.0 million, down 27% from 2003. The average application was for $187,976, and applicants reported an average income of $86,330. 75% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (1,242), Oxnard-Thousand Oaks-Ventura, CA (109) and Manchester-Nashua, NH (103) (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 2,059
Total Mortgage Loan Application Amount $387,044,000
Average Mortgage Loan Application Amount $187,976
Highest Mortgage Loan Application Amount $1,544,000
Average Applicant Income $86,330
Highest Applicant Income $1,020,000

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records Logix Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2004

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 1,290 $ 241,924,000 $ 187,537 $ 69,000
Ventura, California 112 $ 32,033,000 $ 286,008 $ 100,000
Hillsborough, New Hampshire 107 $ 18,138,000 $ 169,514 $ 90,000
San Bernardino, California 62 $ 9,138,000 $ 147,387 $ 87,000
Kern, California 61 $ 6,627,000 $ 108,639 $ 70,000
Riverside, California 34 $ 6,745,000 $ 198,382 $ 94,000
Orange, California 32 $ 8,261,000 $ 258,156 $ 106,000
Clark, Nevada 22 $ 3,523,000 $ 160,136 $ 90,000
Rockingham, New Hampshire 14 $ 2,171,000 $ 155,071 $ 109,000
San Diego, California 11 $ 2,613,000 $ 237,545 $ 103,000
Brevard, Florida 9 $ 1,237,000 $ 137,444 $ 130,000
Harris, Texas 9 $ 1,134,000 $ 126,000 $ 95,000
Santa Clara, California 8 $ 3,055,000 $ 381,875 $ 118,000
Middlesex, Massachusetts 7 $ 861,000 $ 123,000 $ 70,000
Merrimack, New Hampshire 7 $ 1,036,000 $ 148,000 $ 95,000
Maricopa, Arizona 5 $ 343,000 $ 68,600 $ 62,000
Santa Barbara, California 5 $ 1,101,000 $ 220,200 $ 82,000
Fresno, California 4 $ 505,000 $ 126,250 $ 52,000
Miami-Dade, Florida 4 $ 951,000 $ 237,750 $ 91,000
Montgomery, Maryland 4 $ 1,047,000 $ 261,750 $ 125,000
Prince George's, Maryland 4 $ 680,000 $ 170,000 $ 124,000
Worcester, Massachusetts 4 $ 743,000 $ 185,750 $ 130,000
Mohave, Arizona 3 $ 456,000 $ 152,000 $ 84,000
Yavapai, Arizona 3 $ 182,000 $ 60,666 $ 88,000
Sacramento, California 3 $ 443,000 $ 147,666 $ 35,000
Cobb, Georgia 3 $ 530,000 $ 176,666 $ 84,000
Honolulu, Hawaii 3 $ 1,459,000 $ 486,333 $ 95,000
Galveston, Texas 3 $ 523,000 $ 174,333 $ 82,000
King, Washington 3 $ 345,000 $ 115,000 $ 95,000
Alameda, California 2 $ 62,000 $ 31,000 $ 128,000
Butte, California 2 $ 235,000 $ 117,500 $ 79,000
Contra Costa, California 2 $ 1,957,000 $ 978,500 $ 221,000
El Dorado, California 2 $ 477,000 $ 238,500 $ 107,000
Humboldt, California 2 $ 211,000 $ 105,500 $ 76,000
Placer, California 2 $ 429,000 $ 214,500 $ 140,000
Sonoma, California 2 $ 570,000 $ 285,000 $ 237,000
Jefferson, Colorado 2 $ 281,000 $ 140,500 $ 89,000
Larimer, Colorado 2 $ 213,000 $ 106,500 $ 131,000
District of Columbia, District Of Columbia 2 $ 555,000 $ 277,500 $ 150,000
Broward, Florida 2 $ 244,000 $ 122,000 $ 61,000
Orange, Florida 2 $ 161,000 $ 80,500 $ 104,000
Polk, Florida 2 $ 82,000 $ 41,000 $ 39,000
Bartow, Georgia 2 $ 149,000 $ 74,500 $ 54,000
Douglas, Georgia 2 $ 253,000 $ 126,500 $ 73,000
Kootenai, Idaho 2 $ 133,000 $ 66,500 $ 27,000
Kennebec, Maine 2 $ 210,000 $ 105,000 $ 171,000
Essex, Massachusetts 2 $ 307,000 $ 153,500 $ 109,000
Carson City, Nevada 2 $ 150,000 $ 75,000 $ 59,000
Belknap, New Hampshire 2 $ 171,000 $ 85,500 $ 114,000
Cheshire, New Hampshire 2 $ 329,000 $ 164,500 $ 139,000
Middlesex, New Jersey 2 $ 391,000 $ 195,500 $ 95,000
Bernalillo, New Mexico 2 $ 220,000 $ 110,000 $ 169,000
Clackamas, Oregon 2 $ 567,000 $ 283,500 $ 178,000
Clatsop, Oregon 2 $ 327,000 $ 163,500 $ 50,000
Hays, Texas 2 $ 341,000 $ 170,500 $ 55,000
McLennan, Texas 2 $ 60,000 $ 30,000 $ 53,000
Orange, Vermont 2 $ 158,000 $ 79,000 $ 36,000
Madison, Alabama 1 $ 119,000 $ 119,000 $ 51,000
Mobile, Alabama 1 $ 100,000 $ 100,000 $ 155,000
Pima, Arizona 1 $ 166,000 $ 166,000 $ 58,000
Pinal, Arizona 1 $ 504,000 $ 504,000 $ 281,000
Amador, California 1 $ 115,000 $ 115,000 $ 71,000
Calaveras, California 1 $ 195,000 $ 195,000 $ 67,000
Lake, California 1 $ 165,000 $ 165,000 $ 62,000
Lassen, California 1 $ 125,000 $ 125,000 $ 30,000
Madera, California 1 $ 185,000 $ 185,000 $ 111,000
Marin, California 1 $ 650,000 $ 650,000 $ 693,000
Mariposa, California 1 $ 188,000 $ 188,000 $ 170,000
Mono, California 1 $ 325,000 $ 325,000 $ 180,000
Nevada, California 1 $ 220,000 $ 220,000 $ 145,000
Solano, California 1 $ 22,000 $ 22,000 $ 93,000
Tehama, California 1 $ 135,000 $ 135,000 $ 71,000
Tuolumne, California 1 $ 314,000 $ 314,000 $ 96,000
Arapahoe, Colorado 1 $ 28,000 $ 28,000 $ 47,000
Douglas, Colorado 1 $ 50,000 $ 50,000 $ 81,000
El Paso, Colorado 1 $ 76,000 $ 76,000 $ 47,000
Mesa, Colorado 1 $ 10,000 $ 10,000 $ 31,000
Hillsborough, Florida 1 $ 278,000 $ 278,000 $ 75,000
Indian River, Florida 1 $ 72,000 $ 72,000 $ 152,000
Monroe, Florida 1 $ 300,000 $ 300,000 $ 136,000
Pinellas, Florida 1 $ 74,000 $ 74,000 $ 23,000
Sarasota, Florida 1 $ 189,000 $ 189,000 $ 144,000
Cherokee, Georgia 1 $ 330,000 $ 330,000 $ 129,000
Fulton, Georgia 1 $ 108,000 $ 108,000 $ 91,000
Maui, Hawaii 1 $ 160,000 $ 160,000 $ 129,000
Bannock, Idaho 1 $ 84,000 $ 84,000 $ 30,000
Cook, Illinois 1 $ 75,000 $ 75,000 $ 66,000
McHenry, Illinois 1 $ 100,000 $ 100,000 $ 44,000
Wayne, Indiana 1 $ 44,000 $ 44,000 $ 118,000
Harrison, Iowa 1 $ 73,000 $ 73,000 $ 45,000
Boone, Kentucky 1 $ 160,000 $ 160,000 $ 80,000
St. Tammany, Louisiana 1 $ 281,000 $ 281,000 $ 62,000
Penobscot, Maine 1 $ 20,000 $ 20,000 $ 139,000
Waldo, Maine 1 $ 145,000 $ 145,000 $ 113,000
York, Maine 1 $ 119,000 $ 119,000 $ 189,000
Anne Arundel, Maryland 1 $ 308,000 $ 308,000 $ 109,000
Calvert, Maryland 1 $ 195,000 $ 195,000 $ 94,000
Harford, Maryland 1 $ 125,000 $ 125,000 $ 17,000
Howard, Maryland 1 $ 205,000 $ 205,000 $ 109,000
Barnstable, Massachusetts 1 $ 54,000 $ 54,000 $ 25,000
Dukes, Massachusetts 1 $ 65,000 $ 65,000 $ 129,000
Suffolk, Massachusetts 1 $ 203,000 $ 203,000 $ 126,000
Wabasha, Minnesota 1 $ 40,000 $ 40,000 $ 28,000
Jackson, Mississippi 1 $ 145,000 $ 145,000 $ 96,000
Greene, Missouri 1 $ 156,000 $ 156,000 $ 66,000
Perry, Missouri 1 $ 36,000 $ 36,000 $ 132,000
St. Louis, Missouri 1 $ 95,000 $ 95,000 $ 45,000
Stone, Missouri 1 $ 154,000 $ 154,000 $ 19,000
Yellowstone, Montana 1 $ 128,000 $ 128,000 $ 69,000
Furnas, Nebraska 1 $ 32,000 $ 32,000 $ 32,000
Lyon, Nevada 1 $ 77,000 $ 77,000 $ 32,000
Grafton, New Hampshire 1 $ 155,000 $ 155,000 $ 95,000
Monmouth, New Jersey 1 $ 55,000 $ 55,000 $ 111,000
Ocean, New Jersey 1 $ 400,000 $ 400,000 $ 130,000
Passaic, New Jersey 1 $ 208,000 $ 208,000 $ 93,000
Somerset, New Jersey 1 $ 125,000 $ 125,000 $ 68,000
Dona Ana, New Mexico 1 $ 80,000 $ 80,000 $ 77,000
Otero, New Mexico 1 $ 62,000 $ 62,000 $ 68,000
Monroe, New York 1 $ 180,000 $ 180,000 $ 80,000
Nassau, New York 1 $ 243,000 $ 243,000 $ 90,000
Oneida, New York 1 $ 41,000 $ 41,000 $ 118,000
Ontario, New York 1 $ 95,000 $ 95,000 $ 59,000
Seneca, New York 1 $ 65,000 $ 65,000 $ 76,000
Sullivan, New York 1 $ 105,000 $ 105,000 $ 40,000
Ulster, New York 1 $ 100,000 $ 100,000 $ 91,000
Westchester, New York 1 $ 183,000 $ 183,000 $ 152,000
Brunswick, North Carolina 1 $ 25,000 $ 25,000 $ 6,000
Currituck, North Carolina 1 $ 30,000 $ 30,000 $ 29,000
Henderson, North Carolina 1 $ 119,000 $ 119,000 $ 123,000
Hoke, North Carolina 1 $ 10,000 $ 10,000 $ 64,000
Cuyahoga, Ohio 1 $ 103,000 $ 103,000 $ 65,000
Union, Ohio 1 $ 26,000 $ 26,000 $ 57,000
Vinton, Ohio 1 $ 33,000 $ 33,000 $ 32,000
Johnston, Oklahoma 1 $ 22,000 $ 22,000 $ 35,000
Love, Oklahoma 1 $ 84,000 $ 84,000 $ 43,000
Tulsa, Oklahoma 1 $ 45,000 $ 45,000 $ 162,000
Grant, Oregon 1 $ 30,000 $ 30,000 $ 24,000
Jackson, Oregon 1 $ 133,000 $ 133,000 $ 177,000
Lane, Oregon 1 $ 135,000 $ 135,000 $ 34,000
Brazoria, Texas 1 $ 113,000 $ 113,000 $ 57,000
Collin, Texas 1 $ 70,000 $ 70,000 $ 73,000
Fort Bend, Texas 1 $ 66,000 $ 66,000 $ 49,000
Kendall, Texas 1 $ 215,000 $ 215,000 $ 98,000
Montgomery, Texas 1 $ 143,000 $ 143,000 $ 78,000
Tarrant, Texas 1 $ 95,000 $ 95,000 $ 133,000
Washington, Utah 1 $ 43,000 $ 43,000 $ 36,000
Chesterfield, Virginia 1 $ 139,000 $ 139,000 $ 84,000
Hampton, Virginia 1 $ 60,000 $ 60,000 $ 64,000
Richmond City, Virginia 1 $ 111,000 $ 111,000 $ 171,000
Roanoke, Virginia 1 $ 38,000 $ 38,000 $ 63,000
Jefferson, Washington 1 $ 75,000 $ 75,000 $ 48,000
Kitsap, Washington 1 $ 170,000 $ 170,000 $ 133,000
Snohomish, Washington 1 $ 162,000 $ 162,000 $ 85,000
Green, Wisconsin 1 $ 97,000 $ 97,000 $ 61,000

Mortgage Loan Application Detail Totals for Logix Federal Credit Union in 2004

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 1,272 $260,971,000 $130,571 $950,000 $75,785 $437,000
Home Purchase 447 $110,271,000 $171,838 $1,544,000 $98,870 $800,000
Home Improvement 340 $15,802,000 $45,111 $250,000 $85,166 $1,020,000

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 1,115 $214,347,000 $121,083 $1,200,000 $85,000 $1,020,000
Not Provided 426 $80,104,000 $207,937 $1,544,000 $91,437 $693,000
Hispanic 303 $48,532,000 $141,857 $650,000 $80,142 $264,000
Asian 125 $27,686,000 $155,125 $616,000 $77,875 $185,000
Black or African American 64 $12,563,000 $151,700 $619,000 $75,200 $200,000
American Indian or Alaskan Native 10 $1,213,000 $191,000 $279,000 $105,500 $159,000
Not applicable 9 $1,085,000 $73,000 $334,000 $39,000 $90,000
Native Hawaiian or Other Pacific Islander 7 $1,514,000 $193,500 $400,000 $84,500 $135,000

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) 2,059 $387,044,000 $128,270 $1,544,000 $80,297 $1,020,000
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 1,549 $285,799,000 $122,486 $1,544,000 $80,540 $1,020,000
Application Withdrawn By Applicant 277 $56,791,000 $196,350 $1,200,000 $101,900 $693,000
Application Denied By Financial Institution 233 $44,454,000 $142,529 $845,000 $79,764 $521,000
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
Credit History 76 $15,669,000 $202,375 $679,000 $90,125 $245,000
Other 64 $10,321,000 $107,333 $845,000 $72,083 $264,000
Credit Application Incomplete 39 $8,049,000 $177,714 $400,000 $102,000 $521,000
Debt-To-Income Ratio 31 $7,552,000 $209,600 $641,000 $62,400 $140,000
Collateral 17 $1,751,000 $105,666 $400,000 $69,000 $126,000
Employment History 5 $878,000 $175,000 $334,000 $36,000 $69,000
Insufficient Cash (Downpayment, Closing Cost) 1 $234,000 $234,000 $234,000 $53,000 $53,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Logix Federal Credit Union's 2004 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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