Logix Federal Credit Union Mortgage Lending & HMDA Data, 2011

In 2011, Logix Federal Credit Union of Valencia, CA reported 3,108 mortgage applications totaling $813.7 million, about the same as 2010. The average application was for $261,823, and applicants reported an average income of $121,839. 64% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (2,109), Oxnard-Thousand Oaks-Ventura, CA (247) and Manchester-Nashua, NH (156) (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 3,108
Total Mortgage Loan Application Amount $813,748,000
Average Mortgage Loan Application Amount $261,823
Highest Mortgage Loan Application Amount $3,700,000
Average Applicant Income $121,839
Highest Applicant Income $1,355,000

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records Logix Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2011

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 2,109 $ 574,264,000 $ 272,292 $ 121,000
Ventura, California 247 $ 73,030,000 $ 295,668 $ 129,000
Hillsborough, New Hampshire 156 $ 29,093,000 $ 186,493 $ 123,000
Orange, California 97 $ 29,223,000 $ 301,268 $ 127,000
San Bernardino, California 64 $ 12,003,000 $ 187,546 $ 104,000
Kern, California 42 $ 5,876,000 $ 139,904 $ 113,000
Riverside, California 41 $ 7,365,000 $ 179,634 $ 124,000
Clark, Nevada 31 $ 3,388,000 $ 109,290 $ 130,000
San Diego, California 26 $ 6,818,000 $ 262,230 $ 124,000
Rockingham, New Hampshire 18 $ 3,980,000 $ 221,111 $ 166,000
Maricopa, Arizona 12 $ 1,797,000 $ 149,750 $ 171,000
Middlesex, Massachusetts 11 $ 2,125,000 $ 193,181 $ 114,000
Contra Costa, California 9 $ 3,732,000 $ 414,666 $ 214,000
Santa Barbara, California 9 $ 3,869,000 $ 429,888 $ 242,000
Mohave, Arizona 7 $ 1,001,000 $ 143,000 $ 104,000
Santa Clara, California 7 $ 2,908,000 $ 415,428 $ 120,000
San Luis Obispo, California 6 $ 1,897,000 $ 316,166 $ 159,000
Washoe, Nevada 6 $ 1,399,000 $ 233,166 $ 143,000
Merrimack, New Hampshire 6 $ 1,231,000 $ 205,166 $ 110,000
Alameda, California 4 $ 1,707,000 $ 426,750 $ 262,000
Brevard, Florida 4 $ 760,000 $ 190,000 $ 109,000
Essex, Massachusetts 4 $ 1,261,000 $ 315,250 $ 121,000
Fresno, California 3 $ 696,000 $ 232,000 $ 190,000
San Mateo, California 3 $ 2,333,000 $ 777,666 $ 340,000
York, Maine 3 $ 934,000 $ 311,333 $ 156,000
Montgomery, Maryland 3 $ 1,000,000 $ 333,333 $ 167,000
Belknap, New Hampshire 3 $ 427,000 $ 142,333 $ 101,000
Carroll, New Hampshire 3 $ 567,000 $ 189,000 $ 108,000
Yavapai, Arizona 2 $ 220,000 $ 110,000 $ 95,000
El Dorado, California 2 $ 522,000 $ 261,000 $ 60,000
Monterey, California 2 $ 562,000 $ 281,000 $ 84,000
Hillsborough, Florida 2 $ 244,000 $ 122,000 $ 76,000
Orange, Florida 2 $ 152,000 $ 76,000 $ 88,000
Pinellas, Florida 2 $ 305,000 $ 152,500 $ 60,000
Anne Arundel, Maryland 2 $ 576,000 $ 288,000 $ 123,000
Howard, Maryland 2 $ 336,000 $ 168,000 $ 89,000
Prince George's, Maryland 2 $ 717,000 $ 358,500 $ 146,000
Cheshire, New Hampshire 2 $ 232,000 $ 116,000 $ 105,000
Strafford, New Hampshire 2 $ 388,000 $ 194,000 $ 188,000
Arlington, Virginia 2 $ 924,000 $ 462,000 $ 120,000
Loudoun, Virginia 2 $ 721,000 $ 360,500 $ 150,000
Pima, Arizona 1 $ 489,000 $ 489,000 $ 233,000
Pinal, Arizona 1 $ 66,000 $ 66,000 $ 37,000
Butte, California 1 $ 94,000 $ 94,000 $ 25,000
Del Norte, California 1 $ 50,000 $ 50,000 $ 59,000
Humboldt, California 1 $ 112,000 $ 112,000 $ 326,000
Imperial, California 1 $ 25,000 $ 25,000 $ 63,000
Kings, California 1 $ 466,000 $ 466,000 $ 173,000
Madera, California 1 $ 68,000 $ 68,000 $ 26,000
Mariposa, California 1 $ 218,000 $ 218,000 $ 52,000
Mono, California 1 $ 166,000 $ 166,000 $ 39,000
Placer, California 1 $ 270,000 $ 270,000 $ 172,000
Sacramento, California 1 $ 285,000 $ 285,000 $ 112,000
San Francisco, California 1 $ 383,000 $ 383,000 $ 107,000
Shasta, California 1 $ 414,000 $ 414,000 $ 117,000
Sutter, California 1 $ 138,000 $ 138,000 $ 83,000
Tulare, California 1 $ 169,000 $ 169,000 $ 85,000
Jefferson, Colorado 1 $ 130,000 $ 130,000 $ 40,000
Citrus, Florida 1 $ 81,000 $ 81,000 $ 225,000
Lake, Florida 1 $ 105,000 $ 105,000 $ 90,000
Lee, Florida 1 $ 199,000 $ 199,000 $ 57,000
Okaloosa, Florida 1 $ 170,000 $ 170,000 $ 30,000
Polk, Florida 1 $ 122,000 $ 122,000 $ 60,000
Sarasota, Florida 1 $ 100,000 $ 100,000 $ 94,000
St. Lucie, Florida 1 $ 50,000 $ 50,000 $ 46,000
Volusia, Florida 1 $ 31,000 $ 31,000 $ 73,000
Douglas, Georgia 1 $ 205,000 $ 205,000 $ 79,000
Honolulu, Hawaii 1 $ 508,000 $ 508,000 $ 84,000
Cumberland, Maine 1 $ 161,000 $ 161,000 $ 134,000
Lincoln, Maine 1 $ 328,000 $ 328,000 $ 179,000
Baltimore, Maryland 1 $ 150,000 $ 150,000 $ 100,000
Queen Anne's, Maryland 1 $ 300,000 $ 300,000 $ 126,000
St. Mary's, Maryland 1 $ 191,000 $ 191,000 $ 177,000
Barnstable, Massachusetts 1 $ 300,000 $ 300,000 $ 245,000
Suffolk, Massachusetts 1 $ 139,000 $ 139,000 $ 132,000
Worcester, Massachusetts 1 $ 199,000 $ 199,000 $ 98,000
Douglas, Nevada 1 $ 215,000 $ 215,000 $ 43,000
Coos, New Hampshire 1 $ 123,000 $ 123,000 $ 140,000
Grafton, New Hampshire 1 $ 126,000 $ 126,000 $ 243,000
Middlesex, New Jersey 1 $ 174,000 $ 174,000 $ 95,000
Deschutes, Oregon 1 $ 70,000 $ 70,000 $ 40,000
Chester, Pennsylvania 1 $ 154,000 $ 154,000 $ 51,000
Galveston, Texas 1 $ 124,000 $ 124,000 $ 110,000
Harris, Texas 1 $ 43,000 $ 43,000 $ 7,000
Washington, Utah 1 $ 194,000 $ 194,000 $ 90,000
Fairfax, Virginia 1 $ 400,000 $ 400,000 $ 195,000
Hampton, Virginia 1 $ 85,000 $ 85,000 $ 55,000
Clark, Washington 1 $ 131,000 $ 131,000 $ 97,000
King, Washington 1 $ 376,000 $ 376,000 $ 260,000

Mortgage Loan Application Detail Totals for Logix Federal Credit Union in 2011

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 2,396 $633,195,000 $264,000 $3,700,000 $120,000 $987,000
Home Purchase 658 $171,158,000 $260,000 $2,000,000 $130,000 $1,355,000
Home Improvement 54 $9,395,000 $173,000 $630,000 $104,000 $385,000

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 1,750 $455,720,000 $260,000 $3,700,000 $127,000 $1,355,000
Not Provided 563 $163,428,000 $290,000 $2,400,000 $133,000 $987,000
Hispanic 440 $98,160,000 $223,000 $1,500,000 $87,000 $566,000
Asian 264 $73,953,000 $280,000 $1,000,000 $126,000 $536,000
Black or African American 61 $13,501,000 $221,000 $455,000 $109,000 $321,000
Native Hawaiian or Other Pacific Islander 24 $7,375,000 $307,000 $886,000 $119,000 $259,000
American Indian or Alaskan Native 6 $1,611,000 $268,000 $550,000 $94,000 $140,000
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) 3,108 $813,748,000 $261,000 $3,700,000 $122,000 $1,355,000
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 1,984 $488,753,000 $246,000 $3,700,000 $124,000 $1,326,000
Application Denied By Financial Institution 420 $127,944,000 $304,000 $2,000,000 $106,000 $874,000
Application Withdrawn By Applicant 311 $85,866,000 $276,000 $1,000,000 $131,000 $1,355,000
File Closed For Incompleteness 172 $50,611,000 $294,000 $2,400,000 $129,000 $697,000
Application Approved But Not Accepted 121 $36,506,000 $301,000 $1,290,000 $139,000 $1,281,000
Preapproval Denied by Financial Institution 100 $24,068,000 $240,000 $1,000,000 $81,000 $286,000
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
Debt-To-Income Ratio 154 $47,786,000 $310,000 $2,000,000 $64,000 $278,000
Collateral 148 $44,877,000 $303,000 $1,188,000 $138,000 $874,000
Other 77 $22,876,000 $297,000 $2,000,000 $119,000 $337,000
Credit History 37 $11,215,000 $303,000 $880,000 $112,000 $255,000
Insufficient Cash (Downpayment, Closing Cost) 36 $8,077,000 $224,000 $546,000 $88,000 $713,000
Mortgage Insurance Denied 34 $9,368,000 $275,000 $554,000 $90,000 $247,000
Credit Application Incomplete 9 $2,292,000 $254,000 $490,000 $109,000 $241,000
Employment History 5 $910,000 $182,000 $355,000 $41,000 $89,000
Unverifiable Information 5 $1,042,000 $208,000 $400,000 $60,000 $115,000

Our comprehensive HMDA mortgage statistics provide invaluable insights into Logix Federal Credit Union's 2011 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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