Los Angeles Police FCU Mortgage Lending & HMDA Data, 2012

In 2012, Los Angeles Police FCU of Van Nuys, CA reported 1,249 mortgage applications totaling $310.8 million, up 52% from 2011. The average application was for $248,851, and applicants reported an average income of $110,562. 51% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (766), Riverside-San Bernardino-Ontario, CA (155) and Santa Ana-Anaheim-Irvine, CA (79) (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 1,249
Total Mortgage Loan Application Amount $310,815,000
Average Mortgage Loan Application Amount $248,851
Highest Mortgage Loan Application Amount $1,150,000
Average Applicant Income $110,562
Highest Applicant Income $469,000

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(HMDA) records Los Angeles Police FCU filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 766 $ 201,986,000 $ 263,689 $ 111,000
San Bernardino, California 99 $ 21,710,000 $ 219,292 $ 113,000
Orange, California 79 $ 23,448,000 $ 296,810 $ 125,000
Ventura, California 69 $ 18,143,000 $ 262,942 $ 112,000
Riverside, California 56 $ 13,573,000 $ 242,375 $ 114,000
Mohave, Arizona 18 $ 2,297,000 $ 127,611 $ 107,000
Clark, Nevada 14 $ 2,544,000 $ 181,714 $ 93,000
San Diego, California 13 $ 3,740,000 $ 287,692 $ 133,000
Kootenai, Idaho 10 $ 1,945,000 $ 194,500 $ 88,000
Kern, California 8 $ 815,000 $ 101,875 $ 91,000
San Luis Obispo, California 7 $ 1,602,000 $ 228,857 $ 96,000
Maricopa, Arizona 5 $ 507,000 $ 101,400 $ 114,000
Yavapai, Arizona 5 $ 758,000 $ 151,600 $ 61,000
Washoe, Nevada 4 $ 866,000 $ 216,500 $ 82,000
Denton, Texas 4 $ 328,000 $ 82,000 $ 110,000
Washington, Utah 4 $ 945,000 $ 236,250 $ 103,000
Pima, Arizona 3 $ 253,000 $ 84,333 $ 67,000
Butte, California 3 $ 381,000 $ 127,000 $ 85,000
Inyo, California 3 $ 689,000 $ 229,666 $ 54,000
Placer, California 3 $ 1,014,000 $ 338,000 $ 120,000
Sacramento, California 3 $ 339,000 $ 113,000 $ 152,000
San Mateo, California 3 $ 513,000 $ 171,000 $ 91,000
Navajo, Arizona 2 $ 155,000 $ 77,500 $ 104,000
Alameda, California 2 $ 711,000 $ 355,500 $ 114,000
El Dorado, California 2 $ 323,000 $ 161,500 $ 126,000
Fresno, California 2 $ 538,000 $ 269,000 $ 75,000
Monterey, California 2 $ 395,000 $ 197,500 $ 68,000
Solano, California 2 $ 601,000 $ 300,500 $ 173,000
Larimer, Colorado 2 $ 606,000 $ 303,000 $ 107,000
Lee, Florida 2 $ 242,000 $ 121,000 $ 84,000
Ada, Idaho 2 $ 330,000 $ 165,000 $ 71,000
Barry, Missouri 2 $ 253,000 $ 126,500 $ 84,000
Flathead, Montana 2 $ 364,000 $ 182,000 $ 66,000
Douglas, Nevada 2 $ 112,000 $ 56,000 $ 63,000
Crook, Oregon 2 $ 360,000 $ 180,000 $ 63,000
King, Washington 2 $ 575,000 $ 287,500 $ 45,000
Lincoln, Wyoming 2 $ 360,000 $ 180,000 $ 126,000
Montgomery, Alabama 1 $ 189,000 $ 189,000 $ 112,000
Anchorage, Alaska 1 $ 173,000 $ 173,000 $ 98,000
Pinal, Arizona 1 $ 124,000 $ 124,000 $ 92,000
Yuma, Arizona 1 $ 92,000 $ 92,000 $ 51,000
Contra Costa, California 1 $ 624,000 $ 624,000 $ 211,000
Nevada, California 1 $ 417,000 $ 417,000 $ 109,000
Santa Barbara, California 1 $ 250,000 $ 250,000 $ 132,000
Santa Cruz, California 1 $ 200,000 $ 200,000 $ 131,000
Shasta, California 1 $ 175,000 $ 175,000 $ 84,000
Sonoma, California 1 $ 110,000 $ 110,000 $ 48,000
Tehama, California 1 $ 44,000 $ 44,000 $ 42,000
Tulare, California 1 $ 45,000 $ 45,000 $ 27,000
Archuleta, Colorado 1 $ 100,000 $ 100,000 $ 59,000
Douglas, Colorado 1 $ 416,000 $ 416,000 $ 152,000
El Paso, Colorado 1 $ 212,000 $ 212,000 $ 133,000
Gwinnett, Georgia 1 $ 62,000 $ 62,000 $ 89,000
Bonner, Idaho 1 $ 104,000 $ 104,000 $ 48,000
Canyon, Idaho 1 $ 50,000 $ 50,000 $ 44,000
Johnson, Kansas 1 $ 162,000 $ 162,000 $ 153,000
Ravalli, Montana 1 $ 115,000 $ 115,000 $ 57,000
Grant, New Mexico 1 $ 93,000 $ 93,000 $ 51,000
Sierra, New Mexico 1 $ 85,000 $ 85,000 $ 45,000
Iredell, North Carolina 1 $ 149,000 $ 149,000 $ 89,000
Mecklenburg, North Carolina 1 $ 36,000 $ 36,000 $ 163,000
Douglas, Oregon 1 $ 200,000 $ 200,000 $ 74,000
Jackson, Oregon 1 $ 90,000 $ 90,000 $ 93,000
Josephine, Oregon 1 $ 170,000 $ 170,000 $ 99,000
Lane, Oregon 1 $ 85,000 $ 85,000 $ 154,000
Lincoln, Oregon 1 $ 158,000 $ 158,000 $ 84,000
Allegheny, Pennsylvania 1 $ 75,000 $ 75,000 $ 44,000
Richland, South Carolina 1 $ 48,000 $ 48,000 $ 61,000
Franklin, Tennessee 1 $ 65,000 $ 65,000 $ 20,000
Lamar, Texas 1 $ 87,000 $ 87,000 $ 18,000
Smith, Texas 1 $ 310,000 $ 310,000 $ 70,000
Tarrant, Texas 1 $ 41,000 $ 41,000 $ 101,000
Davis, Utah 1 $ 64,000 $ 64,000 $ 76,000
Utah, Utah 1 $ 397,000 $ 397,000 $ 153,000
Pend Oreille, Washington 1 $ 256,000 $ 256,000 $ 171,000
Thurston, Washington 1 $ 200,000 $ 200,000 $ 50,000
Natrona, Wyoming 1 $ 221,000 $ 221,000 $ 129,000

Mortgage Loan Application Detail Totals for Los Angeles Police FCU 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 993 $258,363,000 $260,000 $725,000 $112,000 $418,000
Home Improvement 153 $30,487,000 $199,000 $1,150,000 $107,000 $302,000
Home Purchase 103 $21,965,000 $213,000 $600,000 $102,000 $469,000

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 465 $113,433,000 $243,000 $725,000 $111,000 $469,000
Hispanic 312 $78,192,000 $250,000 $571,000 $110,000 $372,000
Not Provided 299 $72,303,000 $241,000 $1,150,000 $111,000 $418,000
Asian 85 $23,841,000 $280,000 $595,000 $110,000 $228,000
Black or African American 74 $18,526,000 $250,000 $650,000 $103,000 $255,000
American Indian or Alaskan Native 8 $2,917,000 $364,000 $600,000 $104,000 $258,000
Native Hawaiian or Other Pacific Islander 6 $1,603,000 $267,000 $350,000 $112,000 $161,000
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) 1,249 $310,815,000 $248,000 $1,150,000 $110,000 $469,000
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 640 $154,054,000 $240,000 $1,150,000 $111,000 $469,000
Application Withdrawn By Applicant 276 $70,123,000 $254,000 $600,000 $113,000 $378,000
Application Denied By Financial Institution 190 $50,180,000 $264,000 $650,000 $99,000 $296,000
File Closed For Incompleteness 128 $32,409,000 $253,000 $525,000 $119,000 $376,000
Application Approved But Not Accepted 15 $4,049,000 $269,000 $490,000 $107,000 $180,000
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 Los Angeles Police FCU'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 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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