Logix Federal Credit Union Mortgage Lending & HMDA Data, 2005

In 2005, Logix Federal Credit Union of Valencia, CA reported 3,038 mortgage applications totaling $709.9 million, up 48% from 2004. The average application was for $233,682, and applicants reported an average income of $103,823. 60% of its applications resulted in an originated loan and 23% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (1,794), Oxnard-Thousand Oaks-Ventura, CA (160) and Riverside-San Bernardino-Ontario, CA (123) (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 3,038
Total Mortgage Loan Application Amount $709,926,000
Average Mortgage Loan Application Amount $233,682
Highest Mortgage Loan Application Amount $2,242,000
Average Applicant Income $103,823
Highest Applicant Income $2,708,000

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records Logix Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2005

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 1,794 $ 421,854,000 $ 235,147 $ 100,000
Ventura, California 160 $ 46,144,000 $ 288,400 $ 159,000
Hillsborough, New Hampshire 120 $ 18,366,000 $ 153,050 $ 99,000
San Bernardino, California 88 $ 16,764,000 $ 190,500 $ 77,000
Kern, California 72 $ 9,445,000 $ 131,180 $ 64,000
Orange, California 47 $ 16,533,000 $ 351,765 $ 103,000
Riverside, California 35 $ 8,194,000 $ 234,114 $ 75,000
Maricopa, Arizona 34 $ 6,157,000 $ 181,088 $ 123,000
Clark, Nevada 34 $ 5,421,000 $ 159,441 $ 89,000
San Diego, California 19 $ 5,075,000 $ 267,105 $ 94,000
Rockingham, New Hampshire 18 $ 3,466,000 $ 192,555 $ 122,000
Brevard, Florida 14 $ 2,098,000 $ 149,857 $ 113,000
Middlesex, Massachusetts 10 $ 1,925,000 $ 192,500 $ 92,000
Harris, Texas 8 $ 945,000 $ 118,125 $ 71,000
Mohave, Arizona 7 $ 857,000 $ 122,428 $ 74,000
Merrimack, New Hampshire 7 $ 561,000 $ 80,142 $ 79,000
Montgomery, Maryland 6 $ 1,909,000 $ 318,166 $ 135,000
King, Washington 6 $ 1,691,000 $ 281,833 $ 106,000
Pima, Arizona 5 $ 652,000 $ 130,400 $ 63,000
Yavapai, Arizona 5 $ 957,000 $ 191,400 $ 108,000
Honolulu, Hawaii 5 $ 1,937,000 $ 387,400 $ 102,000
Prince George's, Maryland 5 $ 1,100,000 $ 220,000 $ 88,000
Contra Costa, California 4 $ 418,000 $ 104,500 $ 278,000
Sacramento, California 4 $ 858,000 $ 214,500 $ 121,000
El Paso, Colorado 4 $ 579,000 $ 144,750 $ 59,000
Broward, Florida 4 $ 635,000 $ 158,750 $ 74,000
Cobb, Georgia 4 $ 329,000 $ 82,250 $ 280,000
Ada, Idaho 4 $ 456,000 $ 114,000 $ 57,000
Marion, Indiana 4 $ 732,000 $ 183,000 $ 93,000
Washoe, Nevada 4 $ 700,000 $ 175,000 $ 66,000
Lane, Oregon 4 $ 726,000 $ 181,500 $ 112,000
Alameda, California 3 $ 910,000 $ 303,333 $ 90,000
Madera, California 3 $ 581,000 $ 193,666 $ 88,000
Solano, California 3 $ 1,627,000 $ 542,333 $ 155,000
Boulder, Colorado 3 $ 1,225,000 $ 408,333 $ 150,000
Jefferson, Colorado 3 $ 130,000 $ 43,333 $ 174,000
Jackson, Missouri 3 $ 194,000 $ 64,666 $ 105,000
Douglas, Nevada 3 $ 876,000 $ 292,000 $ 51,000
Galveston, Texas 3 $ 298,000 $ 99,333 $ 77,000
Tarrant, Texas 3 $ 331,000 $ 110,333 $ 21,000
Salt Lake, Utah 3 $ 205,000 $ 68,333 $ 112,000
Snohomish, Washington 3 $ 330,000 $ 110,000 $ 103,000
Madison, Alabama 2 $ 70,000 $ 35,000 $ 117,000
Gila, Arizona 2 $ 92,000 $ 46,000 $ 35,000
Pinal, Arizona 2 $ 260,000 $ 130,000 $ 65,000
Yuma, Arizona 2 $ 164,000 $ 82,000 $ 82,000
Fresno, California 2 $ 310,000 $ 155,000 $ 91,000
Inyo, California 2 $ 205,000 $ 102,500 $ 68,000
Mono, California 2 $ 422,000 $ 211,000 $ 254,000
Santa Clara, California 2 $ 1,750,000 $ 875,000 $ 244,000
Tulare, California 2 $ 234,000 $ 117,000 $ 56,000
Douglas, Colorado 2 $ 151,000 $ 75,500 $ 101,000
Miami-Dade, Florida 2 $ 217,000 $ 108,500 $ 124,000
Orange, Florida 2 $ 301,000 $ 150,500 $ 84,000
Polk, Florida 2 $ 277,000 $ 138,500 $ 70,000
Sarasota, Florida 2 $ 423,000 $ 211,500 $ 84,000
Bartow, Georgia 2 $ 99,000 $ 49,500 $ 55,000
Cherokee, Georgia 2 $ 327,000 $ 163,500 $ 52,000
Douglas, Georgia 2 $ 184,000 $ 92,000 $ 41,000
Paulding, Georgia 2 $ 143,000 $ 71,500 $ 60,000
Hawaii, Hawaii 2 $ 116,000 $ 58,000 $ 74,000
Blaine, Idaho 2 $ 1,139,000 $ 569,500 $ 164,000
Wayne, Indiana 2 $ 193,000 $ 96,500 $ 100,000
Orleans, Louisiana 2 $ 230,000 $ 115,000 $ 56,000
Charles, Maryland 2 $ 718,000 $ 359,000 $ 115,000
Frederick, Maryland 2 $ 950,000 $ 475,000 $ 191,000
Essex, Massachusetts 2 $ 374,000 $ 187,000 $ 75,000
Belknap, New Hampshire 2 $ 280,000 $ 140,000 $ 70,000
Cheshire, New Hampshire 2 $ 463,000 $ 231,500 $ 70,000
Sullivan, New Hampshire 2 $ 265,000 $ 132,500 $ 77,000
Douglas, Oregon 2 $ 204,000 $ 102,000 $ 35,000
Josephine, Oregon 2 $ 395,000 $ 197,500 $ 61,000
Philadelphia, Pennsylvania 2 $ 760,000 $ 380,000 $ 232,000
Comal, Texas 2 $ 239,000 $ 119,500 $ 132,000
Jasper, Texas 2 $ 199,000 $ 99,500 $ 72,000
Travis, Texas 2 $ 1,334,000 $ 667,000 $ 256,000
Utah, Utah 2 $ 161,000 $ 80,500 $ 54,000
Washington, Utah 2 $ 260,000 $ 130,000 $ 65,000
Arlington, Virginia 2 $ 70,000 $ 35,000 $ 68,000
Clark, Washington 2 $ 540,000 $ 270,000 $ 88,000
Jefferson, Alabama 1 $ 52,000 $ 52,000 $ 68,000
Anchorage, Alaska 1 $ 250,000 $ 250,000 $ 159,000
Crawford, Arkansas 1 $ 60,000 $ 60,000 $ 54,000
Garland, Arkansas 1 $ 56,000 $ 56,000 $ 34,000
Ouachita, Arkansas 1 $ 80,000 $ 80,000 $ 77,000
Washington, Arkansas 1 $ 237,000 $ 237,000 $ 89,000
Del Norte, California 1 $ 75,000 $ 75,000 $ 185,000
El Dorado, California 1 $ 258,000 $ 258,000 $ 70,000
Humboldt, California 1 $ 18,000 $ 18,000 $ 42,000
Lake, California 1 $ 75,000 $ 75,000 $ 52,000
Mariposa, California 1 $ 190,000 $ 190,000 $ 166,000
Mendocino, California 1 $ 125,000 $ 125,000 $ 5,000
Monterey, California 1 $ 680,000 $ 680,000 $ 120,000
Placer, California 1 $ 92,000 $ 92,000 $ 95,000
Plumas, California 1 $ 315,000 $ 315,000 $ 102,000
San Luis Obispo, California 1 $ 630,000 $ 630,000 $ 86,000
San Mateo, California 1 $ 600,000 $ 600,000 $ 196,000
Sonoma, California 1 $ 620,000 $ 620,000 $ 90,000
Stanislaus, California 1 $ 271,000 $ 271,000 $ 600,000
Tuolumne, California 1 $ 162,000 $ 162,000 $ 49,000
Yuba, California 1 $ 209,000 $ 209,000 $ 1,007,000
Adams, Colorado 1 $ 35,000 $ 35,000 $ 40,000
Denver, Colorado 1 $ 30,000 $ 30,000 $ 67,000
Elbert, Colorado 1 $ 195,000 $ 195,000 $ 70,000
Park, Colorado 1 $ 279,000 $ 279,000 $ 121,000
District of Columbia, District Of Columbia 1 $ 387,000 $ 387,000 $ 129,000
Bay, Florida 1 $ 205,000 $ 205,000 $ 79,000
Charlotte, Florida 1 $ 120,000 $ 120,000 $ 204,000
Duval, Florida 1 $ 384,000 $ 384,000 $ 186,000
Lee, Florida 1 $ 200,000 $ 200,000 $ 88,000
Leon, Florida 1 $ 91,000 $ 91,000 $ 165,000
Okaloosa, Florida 1 $ 216,000 $ 216,000 $ 132,000
Pasco, Florida 1 $ 25,000 $ 25,000 $ 91,000
Santa Rosa, Florida 1 $ 188,000 $ 188,000 $ 86,000
Sumter, Florida 1 $ 124,000 $ 124,000 $ 72,000
Clayton, Georgia 1 $ 169,000 $ 169,000 $ 78,000
Effingham, Georgia 1 $ 118,000 $ 118,000 $ 59,000
Emanuel, Georgia 1 $ 86,000 $ 86,000 $ 34,000
Fulton, Georgia 1 $ 60,000 $ 60,000 $ 2,079,000
Gwinnett, Georgia 1 $ 268,000 $ 268,000 $ 136,000
Henry, Georgia 1 $ 120,000 $ 120,000 $ 58,000
Kauai, Hawaii 1 $ 275,000 $ 275,000 $ 139,000
Winnebago, Illinois 1 $ 163,000 $ 163,000 $ 71,000
Noble, Indiana 1 $ 104,000 $ 104,000 $ 27,000
Benton, Iowa 1 $ 125,000 $ 125,000 $ 34,000
Linn, Iowa 1 $ 35,000 $ 35,000 $ 43,000
York, Maine 1 $ 179,000 $ 179,000 $ 64,000
Baltimore, Maryland 1 $ 152,000 $ 152,000 $ 61,000
Baltimore City, Maryland 1 $ 147,000 $ 147,000 $ 1,560,000
Harford, Maryland 1 $ 150,000 $ 150,000 $ 876,000
Howard, Maryland 1 $ 11,000 $ 11,000 $ 71,000
Oakland, Michigan 1 $ 526,000 $ 526,000 $ 210,000
Anoka, Minnesota 1 $ 294,000 $ 294,000 $ 130,000
Bolivar, Mississippi 1 $ 13,000 $ 13,000 $ 22,000
DeSoto, Mississippi 1 $ 15,000 $ 15,000 $ 98,000
Polk, Missouri 1 $ 85,000 $ 85,000 $ 92,000
St. Francois, Missouri 1 $ 65,000 $ 65,000 $ 205,000
Lincoln, Montana 1 $ 180,000 $ 180,000 $ 129,000
Carroll, New Hampshire 1 $ 155,000 $ 155,000 $ 42,000
Coos, New Hampshire 1 $ 35,000 $ 35,000 $ 34,000
Grafton, New Hampshire 1 $ 20,000 $ 20,000 $ 126,000
Hunterdon, New Jersey 1 $ 276,000 $ 276,000 $ 52,000
Monmouth, New Jersey 1 $ 222,000 $ 222,000 $ 151,000
Morris, New Jersey 1 $ 490,000 $ 490,000 $ 169,000
Ocean, New Jersey 1 $ 120,000 $ 120,000 $ 70,000
Passaic, New Jersey 1 $ 190,000 $ 190,000 $ 38,000
Somerset, New Jersey 1 $ 50,000 $ 50,000 $ 54,000
Dona Ana, New Mexico 1 $ 185,000 $ 185,000 $ 101,000
Otero, New Mexico 1 $ 73,000 $ 73,000 $ 73,000
Roosevelt, New Mexico 1 $ 40,000 $ 40,000 $ 11,000
Santa Fe, New Mexico 1 $ 248,000 $ 248,000 $ 47,000
Orange, New York 1 $ 200,000 $ 200,000 $ 58,000
Cherokee, North Carolina 1 $ 25,000 $ 25,000 $ 68,000
Wake, North Carolina 1 $ 104,000 $ 104,000 $ 87,000
Franklin, Ohio 1 $ 120,000 $ 120,000 $ 55,000
Hamilton, Ohio 1 $ 194,000 $ 194,000 $ 183,000
Union, Ohio 1 $ 36,000 $ 36,000 $ 0
Canadian, Oklahoma 1 $ 118,000 $ 118,000 $ 95,000
Love, Oklahoma 1 $ 84,000 $ 84,000 $ 65,000
Tulsa, Oklahoma 1 $ 28,000 $ 28,000 $ 69,000
Multnomah, Oregon 1 $ 232,000 $ 232,000 $ 79,000
Washington, Oregon 1 $ 135,000 $ 135,000 $ 45,000
Beaver, Pennsylvania 1 $ 112,000 $ 112,000 $ 52,000
Charleston, South Carolina 1 $ 20,000 $ 20,000 $ 64,000
Horry, South Carolina 1 $ 48,000 $ 48,000 $ 86,000
Minnehaha, South Dakota 1 $ 70,000 $ 70,000 $ 32,000
Maury, Tennessee 1 $ 62,000 $ 62,000 $ 115,000
Rutherford, Tennessee 1 $ 280,000 $ 280,000 $ 118,000
Sumner, Tennessee 1 $ 250,000 $ 250,000 $ 319,000
Anderson, Texas 1 $ 70,000 $ 70,000 $ 28,000
Collin, Texas 1 $ 186,000 $ 186,000 $ 44,000
Johnson, Texas 1 $ 78,000 $ 78,000 $ 28,000
Nueces, Texas 1 $ 90,000 $ 90,000 $ 101,000
Scurry, Texas 1 $ 20,000 $ 20,000 $ 20,000
Iron, Utah 1 $ 301,000 $ 301,000 $ 136,000
Sevier, Utah 1 $ 62,000 $ 62,000 $ 54,000
Wasatch, Utah 1 $ 342,000 $ 342,000 $ 72,000
Accomack, Virginia 1 $ 324,000 $ 324,000 $ 184,000
Alexandria, Virginia 1 $ 100,000 $ 100,000 $ 43,000
Fairfax, Virginia 1 $ 221,000 $ 221,000 $ 83,000
King George, Virginia 1 $ 259,000 $ 259,000 $ 67,000
Prince William, Virginia 1 $ 320,000 $ 320,000 $ 132,000
Westmoreland, Virginia 1 $ 224,000 $ 224,000 $ 80,000
Benton, Washington 1 $ 160,000 $ 160,000 $ 48,000
Kitsap, Washington 1 $ 118,000 $ 118,000 $ 106,000
Lewis, Washington 1 $ 255,000 $ 255,000 $ 164,000
San Juan, Washington 1 $ 80,000 $ 80,000 $ 11,000
Spokane, Washington 1 $ 400,000 $ 400,000 $ 120,000
Yakima, Washington 1 $ 135,000 $ 135,000 $ 54,000

Mortgage Loan Application Detail Totals for Logix Federal Credit Union in 2005

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 2,183 $445,307,000 $151,000 $2,242,000 $99,314 $2,079,000
Home Purchase 854 $264,571,000 $204,742 $1,520,000 $112,628 $2,708,000
Home Improvement 1 $48,000 $48,000 $48,000 $46,000 $46,000

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 1,524 $355,869,000 $197,117 $1,520,000 $111,411 $2,708,000
Not Provided 611 $128,062,000 $146,714 $1,100,000 $102,178 $1,560,000
Hispanic 526 $114,432,000 $201,000 $712,000 $84,333 $718,000
Asian 214 $72,056,000 $243,166 $2,242,000 $154,833 $936,000
Black or African American 131 $31,455,000 $177,250 $730,000 $84,250 $792,000
Native Hawaiian or Other Pacific Islander 20 $5,927,000 $296,500 $642,000 $97,000 $435,000
American Indian or Alaskan Native 12 $2,125,000 $107,250 $650,000 $84,250 $240,000
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) 3,038 $709,926,000 $184,119 $2,242,000 $104,214 $2,708,000
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 1,825 $393,127,000 $168,562 $1,520,000 $98,156 $1,331,000
Application Denied By Financial Institution 690 $186,136,000 $194,068 $2,242,000 $105,758 $2,708,000
Application Withdrawn By Applicant 378 $89,546,000 $144,791 $1,350,000 $139,791 $2,079,000
File Closed For Incompleteness 144 $40,522,000 $198,388 $1,250,000 $96,111 $1,290,000
Application Approved But Not Accepted 1 $595,000 $595,000 $595,000 $126,000 $126,000
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
Other 65 $10,682,000 $145,375 $615,000 $87,000 $250,000
Credit History 58 $14,615,000 $206,000 $601,000 $71,444 $225,000
Credit Application Incomplete 27 $6,920,000 $201,200 $642,000 $84,600 $183,000
Collateral 25 $3,512,000 $86,333 $400,000 $66,333 $1,281,000
Insufficient Cash (Downpayment, Closing Cost) 13 $3,681,000 $180,500 $400,000 $59,000 $91,000
Debt-To-Income Ratio 9 $2,315,000 $257,000 $480,000 $72,000 $105,000
Employment History 5 $1,779,000 $355,000 $430,000 $58,000 $99,000
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 2005 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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