Los Angeles Police FCU Mortgage Lending & HMDA Data, 2011

In 2011, Los Angeles Police FCU of Van Nuys, CA reported 822 mortgage applications totaling $192.1 million, down 8% from 2010. The average application was for $233,723, and applicants reported an average income of $126,115. 51% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (500), Riverside-San Bernardino-Ontario, CA (90) and Oxnard-Thousand Oaks-Ventura, CA (52) (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 822
Total Mortgage Loan Application Amount $192,121,000
Average Mortgage Loan Application Amount $233,723
Highest Mortgage Loan Application Amount $730,000
Average Applicant Income $126,115
Highest Applicant Income $4,110,000

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(HMDA) records Los Angeles Police FCU filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 500 $ 124,856,000 $ 249,712 $ 133,000
Riverside-San Bernardino-Ontario, CA 90 $ 18,233,000 $ 202,588 $ 124,000
Oxnard-Thousand Oaks-Ventura, CA 52 $ 12,685,000 $ 243,942 $ 128,000
Santa Ana-Anaheim-Irvine, CA 48 $ 14,164,000 $ 295,083 $ 142,000
Bakersfield-Delano, CA 13 $ 1,682,000 $ 129,384 $ 81,000
Lake Havasu City-Kingman, AZ 10 $ 1,312,000 $ 131,200 $ 112,000
San Diego-Carlsbad-San Marcos, CA 10 $ 2,284,000 $ 228,400 $ 96,000
Las Vegas-Paradise, NV 7 $ 561,000 $ 80,142 $ 81,000
Coeur D'Alene, ID 4 $ 725,000 $ 181,250 $ 95,000
Reno-Sparks, NV 4 $ 380,000 $ 95,000 $ 53,000
San Luis Obispo-Paso Robles, CA 4 $ 1,016,000 $ 254,000 $ 79,000
Chico, CA 3 $ 505,000 $ 168,333 $ 71,000
Sacramento--Arden-Arcade--Roseville, CA 3 $ 662,000 $ 220,666 $ 136,000
Seattle-Bellevue-Everett, WA 3 $ 750,000 $ 250,000 $ 142,000
Colorado Springs, CO 2 $ 542,000 $ 271,000 $ 126,000
Fort Collins-Loveland, CO 2 $ 189,000 $ 94,500 $ 87,000
Phoenix-Mesa-Glendale, AZ 2 $ 319,000 $ 159,500 $ 79,000
Prescott, AZ 2 $ 287,000 $ 143,500 $ 61,000
Provo-Orem, UT 2 $ 535,000 $ 267,500 $ 177,000
Redding, CA 2 $ 260,000 $ 130,000 $ 64,000
San Angelo, TX 2 $ 109,000 $ 54,500 $ 125,000
Santa Barbara-Santa Maria-Goleta, CA 2 $ 362,000 $ 181,000 $ 89,000
St. George, UT 2 $ 285,000 $ 142,500 $ 41,000
Austin-Round Rock-San Marcos, TX 1 $ 89,000 $ 89,000 $ 91,000
Casper, WY 1 $ 218,000 $ 218,000 $ 122,000
Columbus, OH 1 $ 300,000 $ 300,000 $ 101,000
Dallas-Plano-Irving, TX 1 $ 250,000 $ 250,000 $ 131,000
Denver-Aurora-Broomfield, CO 1 $ 417,000 $ 417,000 $ 96,000
Eugene-Springfield, OR 1 $ 195,000 $ 195,000 $ 103,000
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 1 $ 165,000 $ 165,000 $ 69,000
Fresno, CA 1 $ 80,000 $ 80,000 $ 484,000
Lexington-Fayette, KY 1 $ 210,000 $ 210,000 $ 82,000
Madera-Chowchilla, CA 1 $ 145,000 $ 145,000 $ 126,000
Nashville-Davidson--Murfreesboro--Franklin, TN 1 $ 148,000 $ 148,000 $ 109,000
New Haven-Milford, CT 1 $ 150,000 $ 150,000 $ 169,000
Oakland-Fremont-Hayward, CA 1 $ 410,000 $ 410,000 $ 159,000
Orlando-Kissimmee-Sanford, FL 1 $ 40,000 $ 40,000 $ 70,000
Pittsburgh, PA 1 $ 71,000 $ 71,000 $ 36,000
Rapid City, SD 1 $ 140,000 $ 140,000 $ 116,000
Salem, OR 1 $ 310,000 $ 310,000 $ 95,000
Salt Lake City, UT 1 $ 200,000 $ 200,000 $ 66,000
Santa Cruz-Watsonville, CA 1 $ 180,000 $ 180,000 $ 339,000
St. Cloud, MN 1 $ 77,000 $ 77,000 $ 110,000
Tampa-St. Petersburg-Clearwater, FL 1 $ 190,000 $ 190,000 $ 49,000
Tulsa, OK 1 $ 105,000 $ 105,000 $ 30,000
Vallejo-Fairfield, CA 1 $ 326,000 $ 326,000 $ 100,000
Visalia-Porterville, CA 1 $ 69,000 $ 69,000 $ 100,000

Mortgage Loan Application Detail Totals for Los Angeles Police FCU 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 585 $146,676,000 $250,000 $730,000 $126,000 $4,000,000
Home Improvement 145 $24,850,000 $171,000 $417,000 $133,000 $4,110,000
Home Purchase 92 $20,595,000 $223,000 $564,000 $116,000 $585,000

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 304 $69,765,000 $229,000 $729,000 $124,000 $4,000,000
Not Provided 215 $47,778,000 $222,000 $730,000 $127,000 $1,200,000
Hispanic 195 $48,114,000 $246,000 $705,000 $113,000 $353,000
Asian 52 $12,827,000 $246,000 $580,000 $111,000 $236,000
Black or African American 49 $12,166,000 $248,000 $544,000 $211,000 $4,110,000
American Indian or Alaskan Native 5 $987,000 $197,000 $417,000 $78,000 $156,000
Native Hawaiian or Other Pacific Islander 2 $484,000 $242,000 $319,000 $80,000 $80,000
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) 822 $192,121,000 $233,000 $730,000 $126,000 $4,110,000
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 419 $91,397,000 $218,000 $730,000 $115,000 $1,200,000
Application Withdrawn By Applicant 175 $43,419,000 $248,000 $705,000 $165,000 $4,110,000
Application Denied By Financial Institution 117 $29,713,000 $253,000 $730,000 $119,000 $1,000,000
File Closed For Incompleteness 73 $17,848,000 $244,000 $656,000 $114,000 $361,000
Application Approved But Not Accepted 38 $9,744,000 $256,000 $729,000 $114,000 $225,000
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 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 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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