Red Canoe Credit Union Mortgage Lending & HMDA Data, 2010

In 2010, Red Canoe Credit Union of Longview, WA reported 1,303 mortgage applications totaling $168.1 million, up 4% from 2009. The average application was for $128,988, and applicants reported an average income of $75,102. 43% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Longview, WA (717), Portland-Vancouver-Hillsboro, OR-WA (106) and Seattle-Bellevue-Everett, WA (69) (applications in parentheses).

Mortgage Company & Address Red Canoe Credit Union
1418 15th Ave
Longview, WA 98632
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 1,303
Total Mortgage Loan Application Amount $168,072,000
Average Mortgage Loan Application Amount $128,988
Highest Mortgage Loan Application Amount $417,000
Average Applicant Income $75,102
Highest Applicant Income $650,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Red Canoe Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Red Canoe Credit Union by County in 2010

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Cowlitz, Washington 717 $ 88,937,000 $ 124,040 $ 71,000
King, Washington 60 $ 6,807,000 $ 113,450 $ 136,000
Columbia, Oregon 58 $ 7,390,000 $ 127,413 $ 64,000
Pierce, Washington 43 $ 7,295,000 $ 169,651 $ 81,000
Lewis, Washington 42 $ 5,367,000 $ 127,785 $ 62,000
Linn, Oregon 40 $ 5,370,000 $ 134,250 $ 67,000
Clark, Washington 33 $ 5,254,000 $ 159,212 $ 129,000
Wahkiakum, Washington 15 $ 2,070,000 $ 138,000 $ 64,000
Pacific, Washington 10 $ 1,036,000 $ 103,600 $ 71,000
Benton, Oregon 9 $ 1,479,000 $ 164,333 $ 100,000
Marion, Oregon 9 $ 1,709,000 $ 189,888 $ 86,000
Snohomish, Washington 9 $ 857,000 $ 95,222 $ 118,000
Thurston, Washington 8 $ 1,727,000 $ 215,875 $ 98,000
Clackamas, Oregon 7 $ 565,000 $ 80,714 $ 104,000
Deschutes, Oregon 7 $ 715,000 $ 102,142 $ 161,000
Yakima, Washington 6 $ 898,000 $ 149,666 $ 57,000
Multnomah, Oregon 5 $ 716,000 $ 143,200 $ 74,000
Clatsop, Oregon 4 $ 382,000 $ 95,500 $ 106,000
Mason, Washington 4 $ 407,000 $ 101,750 $ 109,000
Lane, Oregon 3 $ 290,000 $ 96,666 $ 59,000
Pinal, Arizona 2 $ 232,000 $ 116,000 $ 102,000
Tillamook, Oregon 2 $ 79,000 $ 39,500 $ 52,000
Grays Harbor, Washington 2 $ 165,000 $ 82,500 $ 117,000
Skamania, Washington 2 $ 195,000 $ 97,500 $ 57,000
Spokane, Washington 2 $ 148,000 $ 74,000 $ 14,000
Yavapai, Arizona 1 $ 55,000 $ 55,000 $ 15,000
Garland, Arkansas 1 $ 102,000 $ 102,000 $ 57,000
Sevier, Arkansas 1 $ 34,000 $ 34,000 $ 46,000
Los Angeles, California 1 $ 417,000 $ 417,000 $ 124,000
Riverside, California 1 $ 80,000 $ 80,000 $ 22,000
San Joaquin, California 1 $ 160,000 $ 160,000 $ 95,000
Honolulu, Hawaii 1 $ 205,000 $ 205,000 $ 108,000
Ada, Idaho 1 $ 100,000 $ 100,000 $ 80,000
Simpson, Kentucky 1 $ 16,000 $ 16,000 $ 42,000
Kalamazoo, Michigan 1 $ 58,000 $ 58,000 $ 42,000
Mecklenburg, North Carolina 1 $ 109,000 $ 109,000 $ 57,000
Summit, Ohio 1 $ 223,000 $ 223,000 $ 81,000
McCurtain, Oklahoma 1 $ 52,000 $ 52,000 $ 116,000
Hood River, Oregon 1 $ 215,000 $ 215,000 $ 74,000
Jackson, Oregon 1 $ 134,000 $ 134,000 $ 37,000
Lincoln, Oregon 1 $ 20,000 $ 20,000 $ 36,000
Polk, Oregon 1 $ 20,000 $ 20,000 $ 27,000
Washington, Oregon 1 $ 114,000 $ 114,000 $ 40,000
Marlboro, South Carolina 1 $ 118,000 $ 118,000 $ 99,000
Bandera, Texas 1 $ 171,000 $ 171,000 $ 108,000
Bowie, Texas 1 $ 48,000 $ 48,000 $ 25,000
Wasatch, Utah 1 $ 287,000 $ 287,000 $ 135,000
Hampton, Virginia 1 $ 235,000 $ 235,000 $ 65,000
Benton, Washington 1 $ 136,000 $ 136,000 $ 117,000
Douglas, Washington 1 $ 24,000 $ 24,000 $ 28,000
Grant, Washington 1 $ 83,000 $ 83,000 $ 37,000
Kitsap, Washington 1 $ 30,000 $ 30,000 $ 66,000
Lincoln, Washington 1 $ 53,000 $ 53,000 $ 73,000
Stevens, Washington 1 $ 98,000 $ 98,000 $ 122,000

Mortgage Loan Application Detail Totals for Red Canoe Credit Union in 2010

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 860 $111,798,000 $129,000 $417,000 $74,000 $500,000
Home Purchase 415 $55,218,000 $133,000 $417,000 $78,000 $650,000
Home Improvement 28 $1,056,000 $37,000 $143,000 $66,000 $163,000

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 1,021 $129,952,000 $127,000 $417,000 $74,000 $500,000
Not Provided 204 $28,515,000 $139,000 $417,000 $81,000 $650,000
Hispanic 23 $2,728,000 $118,000 $392,000 $56,000 $150,000
American Indian or Alaskan Native 19 $1,743,000 $91,000 $180,000 $59,000 $125,000
Asian 17 $2,296,000 $135,000 $398,000 $127,000 $540,000
Native Hawaiian or Other Pacific Islander 11 $1,257,000 $114,000 $228,000 $52,000 $110,000
Black or African American 8 $1,581,000 $197,000 $372,000 $66,000 $144,000
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) 1,207 $152,987,000 $126,000 $417,000 $77,000 $650,000
FHA-insured (Federal Housing Administration) 85 $12,859,000 $151,000 $398,000 $48,000 $148,000
VA-guaranteed (Veterans Administration) 11 $2,226,000 $202,000 $300,000 $77,000 $125,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 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 561 $63,864,000 $113,000 $416,000 $83,000 $540,000
Application Withdrawn By Applicant 541 $75,214,000 $139,000 $417,000 $70,000 $468,000
Application Denied By Financial Institution 200 $28,914,000 $144,000 $417,000 $65,000 $650,000
File Closed For Incompleteness 1 $80,000 $80,000 $80,000 $30,000 $30,000
Application Approved But Not Accepted 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
Credit History 72 $10,451,000 $145,000 $417,000 $68,000 $650,000
Debt-To-Income Ratio 53 $7,639,000 $144,000 $398,000 $53,000 $194,000
Collateral 32 $5,002,000 $156,000 $296,000 $79,000 $267,000
Other 15 $2,182,000 $145,000 $399,000 $71,000 $110,000
Unverifiable Information 8 $1,148,000 $143,000 $333,000 $44,000 $80,000
Employment History 4 $324,000 $81,000 $200,000 $32,000 $52,000
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Red Canoe Credit Union's 2010 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 Red Canoe 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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