Logix Federal Credit Union Mortgage Lending & HMDA Data, 2012

In 2012, Logix Federal Credit Union of Valencia, CA reported 4,020 mortgage applications totaling $1.1 billion, up 29% from 2011. The average application was for $268,215, and applicants reported an average income of $127,681. 68% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (2,646), Oxnard-Thousand Oaks-Ventura, CA (417) and Manchester-Nashua, NH (189) (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 4,020
Total Mortgage Loan Application Amount $1,078,227,000
Average Mortgage Loan Application Amount $268,215
Highest Mortgage Loan Application Amount $3,190,000
Average Applicant Income $127,681
Highest Applicant Income $4,843,000

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records Logix Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2012

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 2,646 $ 716,725,000 $ 270,871 $ 124,000
Ventura, California 417 $ 128,273,000 $ 307,609 $ 130,000
Hillsborough, New Hampshire 189 $ 34,806,000 $ 184,158 $ 123,000
San Bernardino, California 97 $ 20,201,000 $ 208,257 $ 116,000
Orange, California 93 $ 36,565,000 $ 393,172 $ 216,000
Riverside, California 67 $ 12,896,000 $ 192,477 $ 136,000
Kern, California 41 $ 6,091,000 $ 148,560 $ 116,000
San Diego, California 38 $ 13,797,000 $ 363,078 $ 172,000
Clark, Nevada 36 $ 4,412,000 $ 122,555 $ 103,000
Rockingham, New Hampshire 32 $ 6,024,000 $ 188,250 $ 121,000
Maricopa, Arizona 17 $ 2,703,000 $ 159,000 $ 136,000
Santa Barbara, California 12 $ 7,046,000 $ 587,166 $ 176,000
Mohave, Arizona 10 $ 1,754,000 $ 175,400 $ 106,000
Brevard, Florida 9 $ 1,345,000 $ 149,444 $ 160,000
Placer, California 8 $ 2,183,000 $ 272,875 $ 105,000
Middlesex, Massachusetts 8 $ 2,038,000 $ 254,750 $ 112,000
San Luis Obispo, California 7 $ 2,021,000 $ 288,714 $ 127,000
Montgomery, Maryland 6 $ 2,179,000 $ 363,166 $ 188,000
Alameda, California 5 $ 2,265,000 $ 453,000 $ 133,000
Contra Costa, California 5 $ 1,203,000 $ 240,600 $ 123,000
Santa Clara, California 5 $ 1,819,000 $ 363,800 $ 192,000
Pima, Arizona 4 $ 723,000 $ 180,750 $ 77,000
Marin, California 4 $ 1,249,000 $ 312,250 $ 178,000
Merced, California 4 $ 473,000 $ 118,250 $ 77,000
Nevada, California 4 $ 1,148,000 $ 287,000 $ 253,000
Sacramento, California 4 $ 780,000 $ 195,000 $ 102,000
Shasta, California 4 $ 470,000 $ 117,500 $ 65,000
Merrimack, New Hampshire 4 $ 671,000 $ 167,750 $ 129,000
Yavapai, Arizona 3 $ 534,000 $ 178,000 $ 67,000
Butte, California 3 $ 564,000 $ 188,000 $ 47,000
Mono, California 3 $ 496,000 $ 165,333 $ 963,000
San Francisco, California 3 $ 1,229,000 $ 409,666 $ 225,000
San Mateo, California 3 $ 2,423,000 $ 807,666 $ 178,000
Tulare, California 3 $ 359,000 $ 119,666 $ 93,000
Manatee, Florida 3 $ 533,000 $ 177,666 $ 102,000
Martin, Florida 3 $ 615,000 $ 205,000 $ 119,000
Miami-Dade, Florida 3 $ 881,000 $ 293,666 $ 250,000
Anne Arundel, Maryland 3 $ 720,000 $ 240,000 $ 122,000
Washoe, Nevada 3 $ 1,107,000 $ 369,000 $ 215,000
Anchorage, Alaska 2 $ 359,000 $ 179,500 $ 262,000
Del Norte, California 2 $ 477,000 $ 238,500 $ 93,000
Mariposa, California 2 $ 531,000 $ 265,500 $ 129,000
Monterey, California 2 $ 937,000 $ 468,500 $ 226,000
Hillsborough, Florida 2 $ 318,000 $ 159,000 $ 128,000
Pasco, Florida 2 $ 180,000 $ 90,000 $ 76,000
Honolulu, Hawaii 2 $ 1,038,000 $ 519,000 $ 248,000
Barnstable, Massachusetts 2 $ 426,000 $ 213,000 $ 177,000
Carson City, Nevada 2 $ 439,000 $ 219,500 $ 82,000
Douglas, Nevada 2 $ 695,000 $ 347,500 $ 80,000
Carroll, New Hampshire 2 $ 269,000 $ 134,500 $ 112,000
Coos, New Hampshire 2 $ 310,000 $ 155,000 $ 228,000
Grafton, New Hampshire 2 $ 273,000 $ 136,500 $ 253,000
Strafford, New Hampshire 2 $ 398,000 $ 199,000 $ 147,000
Arlington, Virginia 2 $ 1,028,000 $ 514,000 $ 139,000
Fairfax, Virginia 2 $ 769,000 $ 384,500 $ 184,000
Cochise, Arizona 1 $ 165,000 $ 165,000 $ 39,000
Amador, California 1 $ 256,000 $ 256,000 $ 125,000
El Dorado, California 1 $ 380,000 $ 380,000 $ 253,000
Fresno, California 1 $ 108,000 $ 108,000 $ 130,000
Imperial, California 1 $ 59,000 $ 59,000 $ 46,000
Inyo, California 1 $ 249,000 $ 249,000 $ 78,000
San Benito, California 1 $ 218,000 $ 218,000 $ 53,000
Sutter, California 1 $ 117,000 $ 117,000 $ 109,000
Yolo, California 1 $ 101,000 $ 101,000 $ 85,000
District of Columbia, District Of Columbia 1 $ 257,000 $ 257,000 $ 150,000
Broward, Florida 1 $ 301,000 $ 301,000 $ 81,000
Collier, Florida 1 $ 228,000 $ 228,000 $ 78,000
Flagler, Florida 1 $ 304,000 $ 304,000 $ 121,000
Gadsden, Florida 1 $ 52,000 $ 52,000 $ 131,000
Indian River, Florida 1 $ 80,000 $ 80,000 $ 52,000
Lake, Florida 1 $ 108,000 $ 108,000 $ 69,000
Lee, Florida 1 $ 200,000 $ 200,000 $ 46,000
Monroe, Florida 1 $ 236,000 $ 236,000 $ 266,000
Orange, Florida 1 $ 132,000 $ 132,000 $ 130,000
Palm Beach, Florida 1 $ 316,000 $ 316,000 $ 250,000
Sarasota, Florida 1 $ 111,000 $ 111,000 $ 262,000
Sumter, Florida 1 $ 112,000 $ 112,000 $ 33,000
Volusia, Florida 1 $ 60,000 $ 60,000 $ 87,000
Cherokee, Georgia 1 $ 228,000 $ 228,000 $ 169,000
Spalding, Georgia 1 $ 107,000 $ 107,000 $ 49,000
Maui, Hawaii 1 $ 559,000 $ 559,000 $ 286,000
Cumberland, Maine 1 $ 188,000 $ 188,000 $ 191,000
Kennebec, Maine 1 $ 35,000 $ 35,000 $ 26,000
Sagadahoc, Maine 1 $ 134,000 $ 134,000 $ 148,000
Waldo, Maine 1 $ 115,000 $ 115,000 $ 101,000
York, Maine 1 $ 193,000 $ 193,000 $ 152,000
Calvert, Maryland 1 $ 165,000 $ 165,000 $ 294,000
Charles, Maryland 1 $ 284,000 $ 284,000 $ 213,000
Prince George's, Maryland 1 $ 269,000 $ 269,000 $ 114,000
Wicomico, Maryland 1 $ 124,000 $ 124,000 $ 37,000
Norfolk, Massachusetts 1 $ 1,040,000 $ 1,040,000 $ 250,000
Worcester, Massachusetts 1 $ 108,000 $ 108,000 $ 127,000
Lyon, Nevada 1 $ 80,000 $ 80,000 $ 26,000
Sullivan, New Hampshire 1 $ 84,000 $ 84,000 $ 100,000
Ocean, New Jersey 1 $ 232,000 $ 232,000 $ 431,000
Nassau, New York 1 $ 164,000 $ 164,000 $ 152,000
Orange, New York 1 $ 106,000 $ 106,000 $ 144,000
Montgomery, Pennsylvania 1 $ 130,000 $ 130,000 $ 182,000
Rutherford, Tennessee 1 $ 259,000 $ 259,000 $ 104,000
Iron, Utah 1 $ 266,000 $ 266,000 $ 168,000
Accomack, Virginia 1 $ 264,000 $ 264,000 $ 249,000
Fairfax City, Virginia 1 $ 230,000 $ 230,000 $ 59,000
James City, Virginia 1 $ 165,000 $ 165,000 $ 109,000
Prince William, Virginia 1 $ 407,000 $ 407,000 $ 338,000
King, Washington 1 $ 366,000 $ 366,000 $ 159,000

Mortgage Loan Application Detail Totals for Logix Federal Credit Union in 2012

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 3,109 $837,036,000 $269,000 $3,190,000 $127,000 $4,843,000
Home Purchase 782 $215,529,000 $275,000 $1,500,000 $131,000 $3,121,000
Home Improvement 129 $25,662,000 $198,000 $588,000 $124,000 $660,000

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 2,253 $590,851,000 $262,000 $3,190,000 $131,000 $3,121,000
Not Provided 740 $231,068,000 $312,000 $1,715,000 $147,000 $4,843,000
Hispanic 559 $123,761,000 $221,000 $1,500,000 $85,000 $626,000
Asian 357 $102,933,000 $288,000 $1,122,000 $135,000 $1,236,000
Black or African American 81 $22,043,000 $272,000 $824,000 $121,000 $394,000
Native Hawaiian or Other Pacific Islander 24 $6,198,000 $258,000 $445,000 $115,000 $274,000
American Indian or Alaskan Native 6 $1,373,000 $228,000 $340,000 $99,000 $144,000
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) 4,020 $1,078,227,000 $268,000 $3,190,000 $128,000 $4,843,000
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 2,742 $694,308,000 $253,000 $1,950,000 $128,000 $4,843,000
Application Withdrawn By Applicant 435 $122,137,000 $280,000 $1,170,000 $134,000 $1,035,000
Application Denied By Financial Institution 426 $137,530,000 $322,000 $3,190,000 $129,000 $2,659,000
File Closed For Incompleteness 194 $57,966,000 $298,000 $1,000,000 $137,000 $1,328,000
Preapproval Denied by Financial Institution 129 $38,007,000 $294,000 $1,500,000 $85,000 $512,000
Application Approved But Not Accepted 94 $28,279,000 $300,000 $1,144,000 $130,000 $671,000
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 158 $48,574,000 $307,000 $1,122,000 $125,000 $971,000
Debt-To-Income Ratio 112 $39,454,000 $352,000 $1,500,000 $71,000 $376,000
Other 104 $36,883,000 $354,000 $3,190,000 $130,000 $1,931,000
Insufficient Cash (Downpayment, Closing Cost) 59 $15,437,000 $261,000 $784,000 $72,000 $202,000
Credit History 51 $13,955,000 $273,000 $800,000 $163,000 $2,246,000
Mortgage Insurance Denied 25 $6,720,000 $268,000 $450,000 $81,000 $250,000
Unverifiable Information 15 $3,861,000 $257,000 $520,000 $64,000 $185,000
Credit Application Incomplete 7 $2,690,000 $384,000 $498,000 $856,000 $2,659,000
Employment History 5 $1,228,000 $245,000 $337,000 $31,000 $38,000

Our comprehensive HMDA mortgage statistics provide invaluable insights into Logix Federal Credit Union's 2012 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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