Long Beach Firemen's Credit Union Mortgage Lending & HMDA Data, 2007

In 2007, Long Beach Firemen's Credit Union of Long Beach, CA reported 55 mortgage applications totaling $26.0 million, up 4% from 2006. The average application was for $472,345, and applicants reported an average income of $126,600. 96% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (24), Santa Ana-Anaheim-Irvine, CA (20) and Riverside-San Bernardino-Ontario, CA (5) (applications in parentheses).

Mortgage Company & Address Long Beach Firemen's Credit Union
2245 Argonne Avenue
Long Beach, CA 90815
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 55
Total Mortgage Loan Application Amount $25,979,000
Average Mortgage Loan Application Amount $472,345
Highest Mortgage Loan Application Amount $750,000
Average Applicant Income $126,600
Highest Applicant Income $232,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Long Beach Firemen's Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Long Beach Firemen's 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 43 $20,281,000 $471,000 $750,000 $129,000 $232,000
Home Purchase 12 $5,698,000 $474,000 $696,000 $118,000 $216,000
Home Improvement 0 $0 $0 $0 $0 $0

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 38 $17,005,000 $447,000 $740,000 $124,000 $216,000
Hispanic 9 $4,949,000 $549,000 $710,000 $137,000 $220,000
Black or African American 6 $3,411,000 $568,000 $750,000 $126,000 $232,000
Asian 2 $614,000 $307,000 $500,000 $129,000 $169,000
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
Not applicable 0 $0 $0 $0 $0 $0
Not Provided 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) 55 $25,979,000 $472,000 $750,000 $126,000 $232,000
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 53 $25,056,000 $472,000 $750,000 $127,000 $232,000
Application Withdrawn By Applicant 2 $923,000 $461,000 $635,000 $95,000 $103,000
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
Application Approved But Not Accepted 0 $0 $0 $0 $0 $0
Application Denied By Financial Institution 0 $0 $0 $0 $0 $0
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial 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
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Long Beach Firemen's 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 Long Beach Firemen's 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.
For a list of all lenders in California, download the full spreadsheet with aggregated HMDA statistics today.

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