Los Angeles Police FCU Mortgage Lending & HMDA Data, 2006

In 2006, Los Angeles Police FCU of Van Nuys, CA reported 836 mortgage applications totaling $107.1 million, up 31% from 2005. The average application was for $128,102, and applicants reported an average income of $112,964. 71% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (513), Riverside-San Bernardino-Ontario, CA (137) and Oxnard-Thousand Oaks-Ventura, CA (48) (applications in parentheses).

Mortgage Company & Address Los Angeles Police FCU
16150 Sherman Way
Van Nuys, CA 91406
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 836
Total Mortgage Loan Application Amount $107,094,000
Average Mortgage Loan Application Amount $128,102
Highest Mortgage Loan Application Amount $725,000
Average Applicant Income $112,964
Highest Applicant Income $794,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Los Angeles Police FCU filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Los Angeles Police FCU by County in 2006

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 513 $ 63,939,000 $ 124,637 $ 111,000
San Bernardino, California 91 $ 11,581,000 $ 127,263 $ 105,000
Ventura, California 48 $ 6,360,000 $ 132,500 $ 159,000
Riverside, California 46 $ 6,009,000 $ 130,630 $ 104,000
Orange, California 42 $ 3,798,000 $ 90,428 $ 121,000
Maricopa, Arizona 9 $ 646,000 $ 71,777 $ 98,000
Kern, California 9 $ 890,000 $ 98,888 $ 75,000
Clark, Nevada 7 $ 1,012,000 $ 144,571 $ 136,000
Mohave, Arizona 4 $ 299,000 $ 74,750 $ 101,000
Yavapai, Arizona 4 $ 476,000 $ 119,000 $ 80,000
San Diego, California 3 $ 594,000 $ 198,000 $ 210,000
Santa Barbara, California 3 $ 1,176,000 $ 392,000 $ 117,000
Mariposa, California 2 $ 39,000 $ 19,500 $ 79,000
Placer, California 2 $ 162,000 $ 81,000 $ 343,000
Shasta, California 2 $ 45,000 $ 22,500 $ 95,000
Tulare, California 2 $ 103,000 $ 51,500 $ 78,000
Clatsop, Oregon 2 $ 313,000 $ 156,500 $ 68,000
Josephine, Oregon 2 $ 95,000 $ 47,500 $ 96,000
Washington, Utah 2 $ 425,000 $ 212,500 $ 127,000
Coconino, Arizona 1 $ 216,000 $ 216,000 $ 88,000
Yuma, Arizona 1 $ 95,000 $ 95,000 $ 60,000
Alameda, California 1 $ 360,000 $ 360,000 $ 64,000
El Dorado, California 1 $ 15,000 $ 15,000 $ 66,000
Fresno, California 1 $ 310,000 $ 310,000 $ 0
Kings, California 1 $ 166,000 $ 166,000 $ 159,000
Mono, California 1 $ 40,000 $ 40,000 $ 90,000
Monterey, California 1 $ 290,000 $ 290,000 $ 420,000
San Joaquin, California 1 $ 50,000 $ 50,000 $ 142,000
San Luis Obispo, California 1 $ 200,000 $ 200,000 $ 194,000
Sonoma, California 1 $ 136,000 $ 136,000 $ 77,000
Mesa, Colorado 1 $ 35,000 $ 35,000 $ 77,000
Fulton, Georgia 1 $ 7,000 $ 7,000 $ 15,000
Bonner, Idaho 1 $ 275,000 $ 275,000 $ 42,000
Bonneville, Idaho 1 $ 30,000 $ 30,000 $ 52,000
Boundary, Idaho 1 $ 170,000 $ 170,000 $ 84,000
Kootenai, Idaho 1 $ 45,000 $ 45,000 $ 118,000
Douglas, Nevada 1 $ 120,000 $ 120,000 $ 120,000
Coos, Oregon 1 $ 45,000 $ 45,000 $ 11,000
Jackson, Oregon 1 $ 10,000 $ 10,000 $ 44,000
Marion, Oregon 1 $ 60,000 $ 60,000 $ 108,000
Utah, Utah 1 $ 105,000 $ 105,000 $ 145,000
Grays Harbor, Washington 1 $ 100,000 $ 100,000 $ 65,000
Marathon, Wisconsin 1 $ 60,000 $ 60,000 $ 77,000

Mortgage Loan Application Detail Totals for Los Angeles Police FCU in 2006

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
Home Improvement 446 $41,331,000 $92,000 $725,000 $113,000 $592,000
Refinancing 309 $46,789,000 $151,000 $725,000 $115,000 $794,000
Home Purchase 81 $18,974,000 $234,000 $598,000 $105,000 $276,000

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 265 $31,853,000 $120,000 $600,000 $117,000 $576,000
Not Provided 231 $29,130,000 $126,000 $725,000 $121,000 $794,000
Hispanic 225 $28,867,000 $128,000 $598,000 $103,000 $245,000
Black or African American 76 $12,797,000 $168,000 $725,000 $102,000 $259,000
Asian 30 $3,549,000 $118,000 $350,000 $123,000 $229,000
Native Hawaiian or Other Pacific Islander 7 $702,000 $100,000 $372,000 $98,000 $137,000
American Indian or Alaskan Native 2 $196,000 $98,000 $100,000 $113,000 $129,000
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) 836 $107,094,000 $128,000 $725,000 $113,000 $794,000
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 590 $61,979,000 $105,000 $600,000 $116,000 $794,000
Application Approved But Not Accepted 81 $12,229,000 $150,000 $725,000 $117,000 $576,000
Application Denied By Financial Institution 71 $12,133,000 $170,000 $415,000 $89,000 $219,000
Application Withdrawn By Applicant 55 $10,618,000 $193,000 $725,000 $111,000 $310,000
Preapproval Approved but not Accepted 19 $5,580,000 $293,000 $500,000 $118,000 $276,000
File Closed For Incompleteness 16 $3,377,000 $211,000 $441,000 $98,000 $247,000
Preapproval Denied by Financial Institution 4 $1,178,000 $294,000 $500,000 $83,000 $162,000
Loan Purchased By The 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
Other 1 $352,000 $352,000 $352,000 $138,000 $138,000
Unverifiable Information 0 $0 $0 $0 $0 $0
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

Our comprehensive HMDA mortgage statistics provide invaluable insights into Los Angeles Police FCU's 2006 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 Los Angeles Police FCU'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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