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records Logix Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Los Angeles-Long Beach-Glendale, CA 2,109 $ 574,264,000 $ 272,292 $ 121,000
Oxnard-Thousand Oaks-Ventura, CA 247 $ 73,030,000 $ 295,668 $ 129,000
Manchester-Nashua, NH 156 $ 29,093,000 $ 186,493 $ 123,000
Riverside-San Bernardino-Ontario, CA 105 $ 19,368,000 $ 184,457 $ 112,000
Santa Ana-Anaheim-Irvine, CA 97 $ 29,223,000 $ 301,268 $ 127,000
Bakersfield-Delano, CA 42 $ 5,876,000 $ 139,904 $ 113,000
Las Vegas-Paradise, NV 31 $ 3,388,000 $ 109,290 $ 130,000
San Diego-Carlsbad-San Marcos, CA 26 $ 6,818,000 $ 262,230 $ 124,000
Rockingham County-Strafford County, NH 20 $ 4,368,000 $ 218,400 $ 168,000
Oakland-Fremont-Hayward, CA 13 $ 5,439,000 $ 418,384 $ 228,000
Phoenix-Mesa-Glendale, AZ 13 $ 1,863,000 $ 143,307 $ 161,000
Cambridge-Newton-Framingham, MA 11 $ 2,125,000 $ 193,181 $ 114,000
Santa Barbara-Santa Maria-Goleta, CA 9 $ 3,869,000 $ 429,888 $ 242,000
Lake Havasu City-Kingman, AZ 7 $ 1,001,000 $ 143,000 $ 104,000
San Jose-Sunnyvale-Santa Clara, CA 7 $ 2,908,000 $ 415,428 $ 120,000
Washington-Arlington-Alexandria, DC-VA-MD-WV 7 $ 2,762,000 $ 394,571 $ 146,714
Baltimore-Towson, MD 6 $ 1,362,000 $ 227,000 $ 108,000
Reno-Sparks, NV 6 $ 1,399,000 $ 233,166 $ 143,000
San Luis Obispo-Paso Robles, CA 6 $ 1,897,000 $ 316,166 $ 159,000
Palm Bay-Melbourne-Titusville, FL 4 $ 760,000 $ 190,000 $ 109,000
Peabody, MA 4 $ 1,261,000 $ 315,250 $ 121,000
Portland-South Portland-Biddeford, ME 4 $ 1,095,000 $ 273,750 $ 150,000
Sacramento--Arden-Arcade--Roseville, CA 4 $ 1,077,000 $ 269,250 $ 101,000
San Francisco-San Mateo-Redwood City, CA 4 $ 2,716,000 $ 679,000 $ 282,000
Tampa-St. Petersburg-Clearwater, FL 4 $ 549,000 $ 137,250 $ 68,000
Bethesda-Rockville-Frederick, MD 3 $ 1,000,000 $ 333,333 $ 167,000
Fresno, CA 3 $ 696,000 $ 232,000 $ 190,000
Orlando-Kissimmee-Sanford, FL 3 $ 257,000 $ 85,666 $ 88,000
Houston-Sugar Land-Baytown, TX 2 $ 167,000 $ 83,500 $ 58,000
Prescott, AZ 2 $ 220,000 $ 110,000 $ 95,000
Salinas, CA 2 $ 562,000 $ 281,000 $ 84,000
Atlanta-Sandy Springs-Marietta, GA 1 $ 205,000 $ 205,000 $ 79,000
Barnstable Town, MA 1 $ 300,000 $ 300,000 $ 245,000
Bend, OR 1 $ 70,000 $ 70,000 $ 40,000
Boston-Quincy, MA 1 $ 139,000 $ 139,000 $ 132,000
Cape Coral-Fort Myers, FL 1 $ 199,000 $ 199,000 $ 57,000
Chico, CA 1 $ 94,000 $ 94,000 $ 25,000
Crestview-Fort Walton Beach-Destin, FL 1 $ 170,000 $ 170,000 $ 30,000
Deltona-Daytona Beach-Ormond Beach, FL 1 $ 31,000 $ 31,000 $ 73,000
Denver-Aurora-Broomfield, CO 1 $ 130,000 $ 130,000 $ 40,000
Edison-New Brunswick, NJ 1 $ 174,000 $ 174,000 $ 95,000
El Centro, CA 1 $ 25,000 $ 25,000 $ 63,000
Hanford-Corcoran, CA 1 $ 466,000 $ 466,000 $ 173,000
Honolulu, HI 1 $ 508,000 $ 508,000 $ 84,000
Lakeland-Winter Haven, FL 1 $ 122,000 $ 122,000 $ 60,000
Madera-Chowchilla, CA 1 $ 68,000 $ 68,000 $ 26,000
North Port-Bradenton-Sarasota, FL 1 $ 100,000 $ 100,000 $ 94,000
Philadelphia, PA 1 $ 154,000 $ 154,000 $ 51,000
Port St. Lucie, FL 1 $ 50,000 $ 50,000 $ 46,000
Portland-Vancouver-Hillsboro, OR-WA 1 $ 131,000 $ 131,000 $ 97,000
Redding, CA 1 $ 414,000 $ 414,000 $ 117,000
Seattle-Bellevue-Everett, WA 1 $ 376,000 $ 376,000 $ 260,000
St. George, UT 1 $ 194,000 $ 194,000 $ 90,000
Tucson, AZ 1 $ 489,000 $ 489,000 $ 233,000
Virginia Beach-Norfolk-Newport News, VA-NC 1 $ 85,000 $ 85,000 $ 55,000
Visalia-Porterville, CA 1 $ 169,000 $ 169,000 $ 85,000
Worcester, MA 1 $ 199,000 $ 199,000 $ 98,000
Yuba City, CA 1 $ 138,000 $ 138,000 $ 83,000

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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