Logix Federal Credit Union Mortgage Lending & HMDA Data, 2007

In 2007, Logix Federal Credit Union of Valencia, CA reported 3,545 mortgage applications totaling $774.5 million, up 12% from 2006. The average application was for $218,480, and applicants reported an average income of $115,071. 57% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (2,214), Oxnard-Thousand Oaks-Ventura, CA (188) and Manchester-Nashua, NH (165) (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 3,545
Total Mortgage Loan Application Amount $774,512,000
Average Mortgage Loan Application Amount $218,480
Highest Mortgage Loan Application Amount $4,700,000
Average Applicant Income $115,071
Highest Applicant Income $3,762,000

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records Logix Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2007

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 2,214 $ 444,946,000 $ 200,969 $ 111,000
Ventura, California 188 $ 43,969,000 $ 233,877 $ 139,000
Hillsborough, New Hampshire 165 $ 21,520,000 $ 130,424 $ 99,000
San Bernardino, California 94 $ 16,929,000 $ 180,095 $ 94,000
Kern, California 88 $ 12,228,000 $ 138,954 $ 83,000
Orange, California 57 $ 15,573,000 $ 273,210 $ 142,000
Riverside, California 51 $ 8,303,000 $ 162,803 $ 97,000
Rockingham, New Hampshire 28 $ 3,882,000 $ 138,642 $ 111,000
Maricopa, Arizona 22 $ 4,752,000 $ 216,000 $ 90,000
San Diego, California 20 $ 5,567,000 $ 278,350 $ 130,000
Santa Barbara, California 15 $ 9,864,000 $ 657,600 $ 543,000
Clark, Nevada 15 $ 2,800,000 $ 186,666 $ 121,000
Brevard, Florida 13 $ 1,391,000 $ 107,000 $ 95,000
Prince George's, Maryland 10 $ 1,869,000 $ 186,900 $ 112,000
District of Columbia, District Of Columbia 8 $ 1,290,000 $ 161,250 $ 78,000
Middlesex, Massachusetts 7 $ 1,729,000 $ 247,000 $ 130,000
Strafford, New Hampshire 7 $ 1,032,000 $ 147,428 $ 70,000
Merrimack, New Hampshire 6 $ 1,396,000 $ 232,666 $ 87,000
Fairfax, Virginia 6 $ 1,211,000 $ 201,833 $ 126,000
Pima, Arizona 5 $ 739,000 $ 147,800 $ 159,000
Fresno, California 5 $ 1,242,000 $ 248,400 $ 147,000
Santa Clara, California 5 $ 2,166,000 $ 433,200 $ 130,000
Tulare, California 5 $ 790,000 $ 158,000 $ 94,000
Anne Arundel, Maryland 5 $ 1,470,000 $ 294,000 $ 106,000
Placer, California 4 $ 2,390,000 $ 597,500 $ 1,009,000
Sacramento, California 4 $ 1,144,000 $ 286,000 $ 110,000
Miami-Dade, Florida 4 $ 634,000 $ 158,500 $ 81,000
Orange, Florida 4 $ 655,000 $ 163,750 $ 86,000
Cheshire, New Hampshire 4 $ 464,000 $ 116,000 $ 103,000
Mohave, Arizona 3 $ 597,000 $ 199,000 $ 96,000
San Joaquin, California 3 $ 87,000 $ 29,000 $ 64,000
Polk, Florida 3 $ 222,000 $ 74,000 $ 56,000
Frederick, Maryland 3 $ 586,000 $ 195,333 $ 81,000
Montgomery, Maryland 3 $ 961,000 $ 320,333 $ 131,000
Carson City, Nevada 3 $ 775,000 $ 258,333 $ 99,000
Belknap, New Hampshire 3 $ 296,000 $ 98,666 $ 114,000
Alameda, California 2 $ 1,058,000 $ 529,000 $ 254,000
Butte, California 2 $ 394,000 $ 197,000 $ 78,000
Calaveras, California 2 $ 160,000 $ 80,000 $ 96,000
Contra Costa, California 2 $ 2,813,000 $ 1,406,500 $ 623,000
Mono, California 2 $ 151,000 $ 75,500 $ 211,000
Nevada, California 2 $ 373,000 $ 186,500 $ 115,000
San Luis Obispo, California 2 $ 1,920,000 $ 960,000 $ 569,000
Duval, Florida 2 $ 530,000 $ 265,000 $ 97,000
Martin, Florida 2 $ 667,000 $ 333,500 $ 65,000
Sarasota, Florida 2 $ 250,000 $ 125,000 $ 116,000
Seminole, Florida 2 $ 80,000 $ 40,000 $ 97,000
Washington, Maryland 2 $ 50,000 $ 25,000 $ 109,000
Lyon, Nevada 2 $ 426,000 $ 213,000 $ 80,000
Arlington, Virginia 2 $ 215,000 $ 107,500 $ 89,000
Cochise, Arizona 1 $ 20,000 $ 20,000 $ 18,000
Gila, Arizona 1 $ 290,000 $ 290,000 $ 77,000
Pinal, Arizona 1 $ 52,000 $ 52,000 $ 32,000
Yavapai, Arizona 1 $ 352,000 $ 352,000 $ 184,000
Del Norte, California 1 $ 224,000 $ 224,000 $ 129,000
Humboldt, California 1 $ 160,000 $ 160,000 $ 118,000
Imperial, California 1 $ 364,000 $ 364,000 $ 114,000
Inyo, California 1 $ 62,000 $ 62,000 $ 120,000
Kings, California 1 $ 188,000 $ 188,000 $ 79,000
Madera, California 1 $ 20,000 $ 20,000 $ 24,000
Marin, California 1 $ 868,000 $ 868,000 $ 294,000
Mariposa, California 1 $ 829,000 $ 829,000 $ 440,000
Mendocino, California 1 $ 25,000 $ 25,000 $ 91,000
Merced, California 1 $ 57,000 $ 57,000 $ 75,000
Monterey, California 1 $ 18,000 $ 18,000 $ 90,000
Plumas, California 1 $ 510,000 $ 510,000 $ 50,000
Shasta, California 1 $ 45,000 $ 45,000 $ 70,000
Yolo, California 1 $ 417,000 $ 417,000 $ 148,000
Osceola, Florida 1 $ 115,000 $ 115,000 $ 89,000
Palm Beach, Florida 1 $ 79,000 $ 79,000 $ 43,000
Pasco, Florida 1 $ 120,000 $ 120,000 $ 1,020,000
Volusia, Florida 1 $ 300,000 $ 300,000 $ 269,000
Douglas, Georgia 1 $ 105,000 $ 105,000 $ 54,000
Maui, Hawaii 1 $ 575,000 $ 575,000 $ 253,000
Waldo, Maine 1 $ 263,000 $ 263,000 $ 152,000
Washington, Maine 1 $ 189,000 $ 189,000 $ 40,000
York, Maine 1 $ 190,000 $ 190,000 $ 58,000
Howard, Maryland 1 $ 86,000 $ 86,000 $ 118,000
Queen Anne's, Maryland 1 $ 250,000 $ 250,000 $ 126,000
Essex, Massachusetts 1 $ 329,000 $ 329,000 $ 81,000
Plymouth, Massachusetts 1 $ 231,000 $ 231,000 $ 232,000
Suffolk, Massachusetts 1 $ 30,000 $ 30,000 $ 115,000
Nye, Nevada 1 $ 220,000 $ 220,000 $ 48,000
Washoe, Nevada 1 $ 21,000 $ 21,000 $ 128,000
Carroll, New Hampshire 1 $ 183,000 $ 183,000 $ 76,000
Sullivan, New Hampshire 1 $ 500,000 $ 500,000 $ 240,000
Fluvanna, Virginia 1 $ 100,000 $ 100,000 $ 53,000
Loudoun, Virginia 1 $ 1,200,000 $ 1,200,000 $ 166,000
Manassas, Virginia 1 $ 164,000 $ 164,000 $ 115,000
Tazewell, Virginia 1 $ 283,000 $ 283,000 $ 79,000
King, Washington 1 $ 58,000 $ 58,000 $ 8,000

Mortgage Loan Application Detail Totals for Logix Federal Credit Union in 2007

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 2,084 $424,023,000 $203,000 $1,791,000 $109,000 $3,762,000
Home Purchase 1,165 $330,354,000 $283,000 $4,700,000 $129,000 $3,240,000
Home Improvement 296 $20,135,000 $68,000 $265,000 $103,000 $607,000

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 1,668 $383,295,000 $229,000 $4,700,000 $130,000 $3,762,000
Not Provided 900 $177,111,000 $196,000 $1,500,000 $114,000 $2,343,000
Hispanic 623 $123,478,000 $198,000 $1,590,000 $81,000 $504,000
Asian 185 $50,088,000 $270,000 $1,200,000 $115,000 $387,000
Black or African American 122 $30,306,000 $248,000 $950,000 $92,000 $296,000
Native Hawaiian or Other Pacific Islander 40 $9,340,000 $233,000 $599,000 $108,000 $239,000
American Indian or Alaskan Native 7 $894,000 $127,000 $300,000 $89,000 $127,000
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) 3,545 $774,512,000 $218,000 $4,700,000 $115,000 $3,762,000
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 2,020 $364,851,000 $180,000 $1,500,000 $114,000 $3,154,000
Application Denied By Financial Institution 585 $154,786,000 $264,000 $4,700,000 $112,000 $3,762,000
Application Withdrawn By Applicant 470 $110,793,000 $235,000 $1,313,000 $110,000 $1,861,000
File Closed For Incompleteness 270 $83,897,000 $310,000 $2,400,000 $128,000 $2,343,000
Application Approved But Not Accepted 164 $47,813,000 $291,000 $1,155,000 $115,000 $1,016,000
Preapproval Approved but not Accepted 35 $12,022,000 $343,000 $1,150,000 $165,000 $1,048,000
Preapproval Denied by Financial Institution 1 $350,000 $350,000 $350,000 $122,000 $122,000
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
Other 162 $50,005,000 $308,000 $2,000,000 $142,000 $3,762,000
Collateral 126 $28,865,000 $229,000 $4,700,000 $131,000 $3,240,000
Debt-To-Income Ratio 119 $32,431,000 $272,000 $930,000 $71,000 $242,000
Credit Application Incomplete 50 $11,631,000 $232,000 $640,000 $84,000 $201,000
Credit History 31 $7,416,000 $239,000 $640,000 $96,000 $215,000
Unverifiable Information 23 $6,515,000 $283,000 $679,000 $77,000 $370,000
Employment History 1 $150,000 $150,000 $150,000 $26,000 $26,000
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Logix Federal Credit Union's 2007 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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