Logix Federal Credit Union Mortgage Lending & HMDA Data, 2009

In 2009, Logix Federal Credit Union of Valencia, CA reported 2,862 mortgage applications totaling $753.9 million, down 17% from 2008. The average application was for $263,404, and applicants reported an average income of $116,767. 56% of its applications resulted in an originated loan and 23% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (1,823), Oxnard-Thousand Oaks-Ventura, CA (228) and Manchester-Nashua, NH (128) (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 2,862
Total Mortgage Loan Application Amount $753,865,000
Average Mortgage Loan Application Amount $263,404
Highest Mortgage Loan Application Amount $3,000,000
Average Applicant Income $116,767
Highest Applicant Income $4,090,000

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records Logix Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2009

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 1,823 $ 488,457,000 $ 267,941 $ 112,000
Ventura, California 228 $ 69,581,000 $ 305,179 $ 123,000
Hillsborough, New Hampshire 128 $ 22,282,000 $ 174,078 $ 113,000
Orange, California 69 $ 23,874,000 $ 346,000 $ 136,000
San Bernardino, California 53 $ 11,374,000 $ 214,603 $ 116,000
Kern, California 41 $ 5,679,000 $ 138,512 $ 93,000
Riverside, California 35 $ 7,151,000 $ 204,314 $ 100,000
San Diego, California 32 $ 8,105,000 $ 253,281 $ 148,000
Rockingham, New Hampshire 28 $ 5,873,000 $ 209,750 $ 118,000
Clark, Nevada 18 $ 2,868,000 $ 159,333 $ 357,000
Maricopa, Arizona 16 $ 2,992,000 $ 187,000 $ 148,000
Middlesex, Massachusetts 13 $ 2,149,000 $ 165,307 $ 84,000
Merrimack, New Hampshire 12 $ 2,423,000 $ 201,916 $ 113,000
Brevard, Florida 11 $ 1,722,000 $ 156,545 $ 93,000
San Luis Obispo, California 10 $ 2,770,000 $ 277,000 $ 163,000
Mohave, Arizona 9 $ 2,759,000 $ 306,555 $ 141,000
Santa Clara, California 8 $ 3,114,000 $ 389,250 $ 233,000
Alameda, California 7 $ 2,366,000 $ 338,000 $ 165,000
Santa Barbara, California 7 $ 2,140,000 $ 305,714 $ 107,000
Sacramento, California 6 $ 774,000 $ 129,000 $ 80,000
Belknap, New Hampshire 6 $ 1,731,000 $ 288,500 $ 141,000
Butte, California 5 $ 986,000 $ 197,200 $ 70,000
Montgomery, Maryland 5 $ 2,076,000 $ 415,200 $ 182,000
Contra Costa, California 4 $ 1,555,000 $ 388,750 $ 148,000
El Dorado, California 4 $ 662,000 $ 165,500 $ 95,000
Mono, California 4 $ 1,604,000 $ 401,000 $ 227,000
Monterey, California 4 $ 761,000 $ 190,250 $ 75,000
Pima, Arizona 3 $ 1,208,000 $ 402,666 $ 163,000
Calaveras, California 3 $ 868,000 $ 289,333 $ 67,000
Marin, California 3 $ 885,000 $ 295,000 $ 102,000
Placer, California 3 $ 666,000 $ 222,000 $ 132,000
Orange, Florida 3 $ 349,000 $ 116,333 $ 71,000
Pinellas, Florida 3 $ 565,000 $ 188,333 $ 57,000
Pinal, Arizona 2 $ 195,000 $ 97,500 $ 93,000
Yavapai, Arizona 2 $ 464,000 $ 232,000 $ 103,000
San Francisco, California 2 $ 1,123,000 $ 561,500 $ 279,000
San Mateo, California 2 $ 918,000 $ 459,000 $ 401,000
Shasta, California 2 $ 425,000 $ 212,500 $ 143,000
Stanislaus, California 2 $ 282,000 $ 141,000 $ 41,000
Tulare, California 2 $ 360,000 $ 180,000 $ 332,000
Lake, Florida 2 $ 406,000 $ 203,000 $ 92,000
Palm Beach, Florida 2 $ 165,000 $ 82,500 $ 53,000
York, Maine 2 $ 270,000 $ 135,000 $ 118,000
Douglas, Nevada 2 $ 581,000 $ 290,500 $ 91,000
Washoe, Nevada 2 $ 564,000 $ 282,000 $ 237,000
Strafford, New Hampshire 2 $ 397,000 $ 198,500 $ 121,000
Fairfax, Virginia 2 $ 528,000 $ 264,000 $ 124,000
Cochise, Arizona 1 $ 71,000 $ 71,000 $ 66,000
Gila, Arizona 1 $ 275,000 $ 275,000 $ 65,000
Navajo, Arizona 1 $ 280,000 $ 280,000 $ 110,000
Fresno, California 1 $ 183,000 $ 183,000 $ 91,000
Inyo, California 1 $ 200,000 $ 200,000 $ 146,000
Kings, California 1 $ 489,000 $ 489,000 $ 260,000
Lake, California 1 $ 263,000 $ 263,000 $ 120,000
Madera, California 1 $ 103,000 $ 103,000 $ 111,000
Mariposa, California 1 $ 288,000 $ 288,000 $ 84,000
Nevada, California 1 $ 200,000 $ 200,000 $ 132,000
San Joaquin, California 1 $ 69,000 $ 69,000 $ 35,000
Santa Cruz, California 1 $ 417,000 $ 417,000 $ 304,000
Solano, California 1 $ 204,000 $ 204,000 $ 50,000
Sonoma, California 1 $ 292,000 $ 292,000 $ 65,000
District of Columbia, District Of Columbia 1 $ 181,000 $ 181,000 $ 51,000
Broward, Florida 1 $ 224,000 $ 224,000 $ 409,000
Charlotte, Florida 1 $ 310,000 $ 310,000 $ 121,000
Escambia, Florida 1 $ 50,000 $ 50,000 $ 195,000
Hernando, Florida 1 $ 115,000 $ 115,000 $ 106,000
Lee, Florida 1 $ 78,000 $ 78,000 $ 149,000
Nassau, Florida 1 $ 130,000 $ 130,000 $ 36,000
Okaloosa, Florida 1 $ 180,000 $ 180,000 $ 19,000
Polk, Florida 1 $ 238,000 $ 238,000 $ 69,000
St. Lucie, Florida 1 $ 125,000 $ 125,000 $ 67,000
Anne Arundel, Maryland 1 $ 380,000 $ 380,000 $ 134,000
Baltimore, Maryland 1 $ 168,000 $ 168,000 $ 87,000
Howard, Maryland 1 $ 250,000 $ 250,000 $ 51,000
Wicomico, Maryland 1 $ 378,000 $ 378,000 $ 107,000
Barnstable, Massachusetts 1 $ 100,000 $ 100,000 $ 100,000
Carson City, Nevada 1 $ 150,000 $ 150,000 $ 37,000
Lyon, Nevada 1 $ 150,000 $ 150,000 $ 59,000
Carroll, New Hampshire 1 $ 70,000 $ 70,000 $ 123,000
Cheshire, New Hampshire 1 $ 86,000 $ 86,000 $ 270,000
Grafton, New Hampshire 1 $ 140,000 $ 140,000 $ 349,000
Harris, Texas 1 $ 115,000 $ 115,000 $ 19,000
Salt Lake, Utah 1 $ 118,000 $ 118,000 $ 173,000
Arlington, Virginia 1 $ 506,000 $ 506,000 $ 250,000
James City, Virginia 1 $ 170,000 $ 170,000 $ 89,000
Loudoun, Virginia 1 $ 50,000 $ 50,000 $ 157,000
Portsmouth, Virginia 1 $ 60,000 $ 60,000 $ 49,000
Richmond City, Virginia 1 $ 77,000 $ 77,000 $ 23,000
Jefferson, Washington 1 $ 146,000 $ 146,000 $ 61,000
Yakima, Washington 1 $ 125,000 $ 125,000 $ 37,000

Mortgage Loan Application Detail Totals for Logix Federal Credit Union in 2009

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 2,129 $561,055,000 $263,000 $1,780,000 $115,000 $1,535,000
Home Purchase 676 $188,875,000 $279,000 $3,000,000 $124,000 $4,090,000
Home Improvement 57 $3,935,000 $69,000 $470,000 $97,000 $415,000

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 1,683 $439,724,000 $261,000 $2,000,000 $120,000 $1,481,000
Not Provided 483 $131,696,000 $272,000 $1,000,000 $125,000 $4,090,000
Hispanic 390 $87,432,000 $224,000 $816,000 $84,000 $765,000
Asian 225 $71,793,000 $319,000 $3,000,000 $132,000 $1,821,000
Black or African American 47 $14,980,000 $318,000 $1,000,000 $125,000 $1,535,000
Native Hawaiian or Other Pacific Islander 26 $6,894,000 $265,000 $417,000 $102,000 $311,000
American Indian or Alaskan Native 8 $1,346,000 $168,000 $309,000 $103,000 $259,000
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) 2,862 $753,865,000 $263,000 $3,000,000 $116,000 $4,090,000
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 1,602 $393,726,000 $245,000 $1,780,000 $115,000 $1,481,000
Application Denied By Financial Institution 661 $192,114,000 $290,000 $2,000,000 $111,000 $868,000
Application Withdrawn By Applicant 404 $112,076,000 $277,000 $1,428,000 $125,000 $1,535,000
Preapproval Denied by Financial Institution 146 $40,738,000 $279,000 $3,000,000 $99,000 $1,821,000
Application Approved But Not Accepted 26 $7,337,000 $282,000 $655,000 $116,000 $355,000
File Closed For Incompleteness 23 $7,874,000 $342,000 $1,275,000 $314,000 $4,090,000
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Preapproval Approved but not Accepted 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
Collateral 146 $42,128,000 $288,000 $1,000,000 $106,000 $600,000
Debt-To-Income Ratio 134 $39,621,000 $295,000 $1,780,000 $71,000 $239,000
Other 100 $31,323,000 $313,000 $3,000,000 $185,000 $1,821,000
Insufficient Cash (Downpayment, Closing Cost) 69 $18,640,000 $270,000 $1,000,000 $79,000 $297,000
Mortgage Insurance Denied 43 $12,519,000 $291,000 $639,000 $94,000 $219,000
Credit Application Incomplete 40 $13,650,000 $341,000 $2,000,000 $114,000 $558,000
Credit History 17 $3,296,000 $193,000 $416,000 $81,000 $166,000
Unverifiable Information 15 $4,142,000 $276,000 $785,000 $77,000 $226,000
Employment History 2 $263,000 $131,000 $145,000 $86,000 $114,000

Our comprehensive HMDA mortgage statistics provide invaluable insights into Logix Federal Credit Union's 2009 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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