Toyota Federal Credit Union Mortgage Lending & HMDA Data, 2006

In 2006, Toyota Federal Credit Union of Torrance, CA reported 1,502 mortgage applications totaling $231.6 million, up 21% from 2005. The average application was for $154,190, and applicants reported an average income of $105,580. 73% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (277), Lexington-Fayette, KY (240) and Santa Ana-Anaheim-Irvine, CA (129) (applications in parentheses).

Mortgage Company & Address Toyota Federal Credit Union
19001 S Western Avenue, T206
Torrance, CA 90501
Tel #: available with data download
Federal Regulator * available with data download
Years 2006  2005  2004  2003  
Total Number of Mortgage Applications 1,502
Total Mortgage Loan Application Amount $231,594,000
Average Mortgage Loan Application Amount $154,190
Highest Mortgage Loan Application Amount $1,820,000
Average Applicant Income $105,580
Highest Applicant Income $1,076,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Toyota Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Toyota Federal Credit Union 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 277 $ 66,589,000 $ 240,393 $ 132,000
Scott, Kentucky 145 $ 9,283,000 $ 64,020 $ 78,000
Orange, California 129 $ 38,478,000 $ 298,279 $ 175,000
Fayette, Kentucky 72 $ 5,374,000 $ 74,638 $ 80,000
Gibson, Indiana 52 $ 2,500,000 $ 48,076 $ 73,000
Vanderburgh, Indiana 47 $ 3,260,000 $ 69,361 $ 76,000
Boone, Kentucky 47 $ 5,005,000 $ 106,489 $ 91,000
Bexar, Texas 30 $ 3,354,000 $ 111,800 $ 80,000
San Bernardino, California 26 $ 3,484,000 $ 134,000 $ 80,000
Riverside, California 25 $ 6,178,000 $ 247,120 $ 163,000
Kenton, Kentucky 23 $ 1,412,000 $ 61,391 $ 66,000
Harrison, Kentucky 18 $ 1,241,000 $ 68,944 $ 69,000
Cook, Illinois 15 $ 2,311,000 $ 154,066 $ 130,000
Madison, Kentucky 15 $ 1,111,000 $ 74,066 $ 107,000
Maricopa, Arizona 14 $ 2,134,000 $ 152,428 $ 107,000
Franklin, Kentucky 12 $ 1,032,000 $ 86,000 $ 82,000
Warren, Ohio 12 $ 1,595,000 $ 132,916 $ 103,000
Tippecanoe, Indiana 11 $ 1,183,000 $ 107,545 $ 93,000
San Diego, California 9 $ 2,023,000 $ 224,777 $ 110,000
Henderson, Kentucky 9 $ 623,000 $ 69,222 $ 75,000
Montgomery, Kentucky 9 $ 599,000 $ 66,555 $ 67,000
Clark, Washington 9 $ 1,992,000 $ 221,333 $ 89,000
Madison, Alabama 8 $ 957,000 $ 119,625 $ 101,000
Fulton, Georgia 8 $ 1,764,000 $ 220,500 $ 136,000
Warrick, Indiana 8 $ 458,000 $ 57,250 $ 80,000
Baltimore, Maryland 8 $ 595,000 $ 74,375 $ 60,000
Clark, Kentucky 7 $ 286,000 $ 40,857 $ 93,000
Grant, Kentucky 7 $ 449,000 $ 64,142 $ 91,000
Morris, New Jersey 7 $ 3,238,000 $ 462,571 $ 140,000
Contra Costa, California 6 $ 1,726,000 $ 287,666 $ 154,000
Kane, Illinois 6 $ 1,139,000 $ 189,833 $ 139,000
Wabash, Illinois 6 $ 431,000 $ 71,833 $ 67,000
Knox, Indiana 6 $ 410,000 $ 68,333 $ 63,000
Anderson, Kentucky 6 $ 462,000 $ 77,000 $ 90,000
Bourbon, Kentucky 6 $ 425,000 $ 70,833 $ 74,000
Jefferson, Kentucky 6 $ 406,000 $ 67,666 $ 63,000
Jessamine, Kentucky 6 $ 207,000 $ 34,500 $ 91,000
Hamilton, Ohio 6 $ 711,000 $ 118,500 $ 66,000
Chester, Pennsylvania 6 $ 1,268,000 $ 211,333 $ 141,000
Wilson, Texas 6 $ 942,000 $ 157,000 $ 96,000
Douglas, Colorado 5 $ 1,312,000 $ 262,400 $ 126,000
Kendall, Illinois 5 $ 743,000 $ 148,600 $ 77,000
Posey, Indiana 5 $ 187,000 $ 37,400 $ 68,000
Washtenaw, Michigan 5 $ 622,000 $ 124,400 $ 80,000
Clay, Missouri 5 $ 441,000 $ 88,200 $ 92,000
Washington, Oregon 5 $ 720,000 $ 144,000 $ 151,000
King, Washington 5 $ 1,083,000 $ 216,600 $ 117,000
Pinal, Arizona 4 $ 328,000 $ 82,000 $ 106,000
Leon, Florida 4 $ 322,000 $ 80,500 $ 123,000
White, Illinois 4 $ 250,000 $ 62,500 $ 65,000
Crawford, Indiana 4 $ 370,000 $ 92,500 $ 65,000
Linn, Iowa 4 $ 176,000 $ 44,000 $ 72,000
Shelby, Kentucky 4 $ 275,000 $ 68,750 $ 75,000
Woodford, Kentucky 4 $ 132,000 $ 33,000 $ 61,000
Carroll, Maryland 4 $ 890,000 $ 222,500 $ 111,000
Sussex, New Jersey 4 $ 625,000 $ 156,250 $ 100,000
Butler, Ohio 4 $ 428,000 $ 107,000 $ 94,000
Clackamas, Oregon 4 $ 440,000 $ 110,000 $ 112,000
York, Pennsylvania 4 $ 351,000 $ 87,750 $ 67,000
Denver, Colorado 3 $ 614,000 $ 204,666 $ 75,000
Kootenai, Idaho 3 $ 788,000 $ 262,666 $ 112,000
Edwards, Illinois 3 $ 115,000 $ 38,333 $ 82,000
Will, Illinois 3 $ 581,000 $ 193,666 $ 158,000
Pike, Indiana 3 $ 85,000 $ 28,333 $ 71,000
Owen, Kentucky 3 $ 81,000 $ 27,000 $ 86,000
Robertson, Kentucky 3 $ 114,000 $ 38,000 $ 60,000
Anne Arundel, Maryland 3 $ 1,125,000 $ 375,000 $ 128,000
Oakland, Michigan 3 $ 179,000 $ 59,666 $ 124,000
Wayne, Michigan 3 $ 228,000 $ 76,000 $ 52,000
Clark, Nevada 3 $ 846,000 $ 282,000 $ 84,000
Mecklenburg, North Carolina 3 $ 412,000 $ 137,333 $ 102,000
Clermont, Ohio 3 $ 284,000 $ 94,666 $ 86,000
Polk, Oregon 3 $ 210,000 $ 70,000 $ 124,000
Davidson, Tennessee 3 $ 422,000 $ 140,666 $ 121,000
Morgan, Alabama 2 $ 40,000 $ 20,000 $ 65,000
Mohave, Arizona 2 $ 548,000 $ 274,000 $ 141,000
San Joaquin, California 2 $ 335,000 $ 167,500 $ 150,000
Solano, California 2 $ 439,000 $ 219,500 $ 115,000
Bay, Florida 2 $ 134,000 $ 67,000 $ 107,000
Cobb, Georgia 2 $ 351,000 $ 175,500 $ 123,000
Forsyth, Georgia 2 $ 290,000 $ 145,000 $ 105,000
DuPage, Illinois 2 $ 250,000 $ 125,000 $ 116,000
Lawrence, Illinois 2 $ 77,000 $ 38,500 $ 95,000
Dubois, Indiana 2 $ 35,000 $ 17,500 $ 75,000
Spencer, Indiana 2 $ 124,000 $ 62,000 $ 73,000
Bullitt, Kentucky 2 $ 228,000 $ 114,000 $ 56,000
Campbell, Kentucky 2 $ 269,000 $ 134,500 $ 218,000
Daviess, Kentucky 2 $ 157,000 $ 78,500 $ 71,000
Estill, Kentucky 2 $ 120,000 $ 60,000 $ 53,000
Garrard, Kentucky 2 $ 81,000 $ 40,500 $ 56,000
Powell, Kentucky 2 $ 160,000 $ 80,000 $ 82,000
Jackson, Michigan 2 $ 231,000 $ 115,500 $ 131,000
Hunterdon, New Jersey 2 $ 282,000 $ 141,000 $ 109,000
Middlesex, New Jersey 2 $ 150,000 $ 75,000 $ 85,000
Ocean, New Jersey 2 $ 456,000 $ 228,000 $ 96,000
Dutchess, New York 2 $ 420,000 $ 210,000 $ 100,000
Iredell, North Carolina 2 $ 299,000 $ 149,500 $ 83,000
Licking, Ohio 2 $ 242,000 $ 121,000 $ 106,000
Columbia, Oregon 2 $ 399,000 $ 199,500 $ 126,000
Multnomah, Oregon 2 $ 265,000 $ 132,500 $ 82,000
Bucks, Pennsylvania 2 $ 405,000 $ 202,500 $ 141,000
Rutherford, Tennessee 2 $ 101,000 $ 50,500 $ 34,000
Denton, Texas 2 $ 327,000 $ 163,500 $ 100,000
Frio, Texas 2 $ 120,000 $ 60,000 $ 42,000
Guadalupe, Texas 2 $ 45,000 $ 22,500 $ 30,000
Harris, Texas 2 $ 197,000 $ 98,500 $ 169,000
Arlington, Virginia 2 $ 560,000 $ 280,000 $ 68,000
Fairfax, Virginia 2 $ 688,000 $ 344,000 $ 197,000
Greene, Virginia 2 $ 271,000 $ 135,500 $ 88,000
Henrico, Virginia 2 $ 119,000 $ 59,500 $ 77,000
Mobile, Alabama 1 $ 30,000 $ 30,000 $ 82,000
Gila, Arizona 1 $ 300,000 $ 300,000 $ 158,000
Alameda, California 1 $ 378,000 $ 378,000 $ 70,000
Fresno, California 1 $ 20,000 $ 20,000 $ 38,000
Mono, California 1 $ 350,000 $ 350,000 $ 420,000
Sacramento, California 1 $ 70,000 $ 70,000 $ 134,000
San Francisco, California 1 $ 600,000 $ 600,000 $ 152,000
San Mateo, California 1 $ 55,000 $ 55,000 $ 233,000
Santa Clara, California 1 $ 56,000 $ 56,000 $ 153,000
Ventura, California 1 $ 562,000 $ 562,000 $ 133,000
Larimer, Colorado 1 $ 126,000 $ 126,000 $ 64,000
Rio Grande, Colorado 1 $ 25,000 $ 25,000 $ 102,000
Miami-Dade, Florida 1 $ 30,000 $ 30,000 $ 112,000
Orange, Florida 1 $ 200,000 $ 200,000 $ 143,000
Palm Beach, Florida 1 $ 130,000 $ 130,000 $ 30,000
Gwinnett, Georgia 1 $ 150,000 $ 150,000 $ 264,000
Hawaii, Hawaii 1 $ 613,000 $ 613,000 $ 136,000
Canyon, Idaho 1 $ 295,000 $ 295,000 $ 140,000
Richland, Illinois 1 $ 45,000 $ 45,000 $ 93,000
Bartholomew, Indiana 1 $ 110,000 $ 110,000 $ 42,000
Boone, Indiana 1 $ 20,000 $ 20,000 $ 43,000
Daviess, Indiana 1 $ 280,000 $ 280,000 $ 159,000
Dearborn, Indiana 1 $ 141,000 $ 141,000 $ 104,000
Sullivan, Indiana 1 $ 72,000 $ 72,000 $ 55,000
Carroll, Kentucky 1 $ 93,000 $ 93,000 $ 57,000
Carter, Kentucky 1 $ 40,000 $ 40,000 $ 54,000
Floyd, Kentucky 1 $ 18,000 $ 18,000 $ 54,000
Nicholas, Kentucky 1 $ 60,000 $ 60,000 $ 53,000
Oldham, Kentucky 1 $ 120,000 $ 120,000 $ 54,000
Pendleton, Kentucky 1 $ 14,000 $ 14,000 $ 54,000
Pulaski, Kentucky 1 $ 49,000 $ 49,000 $ 100,000
Howard, Maryland 1 $ 225,000 $ 225,000 $ 225,000
Montgomery, Maryland 1 $ 417,000 $ 417,000 $ 94,000
Worcester, Massachusetts 1 $ 50,000 $ 50,000 $ 105,000
Lapeer, Michigan 1 $ 180,000 $ 180,000 $ 70,000
Lenawee, Michigan 1 $ 18,000 $ 18,000 $ 72,000
Livingston, Michigan 1 $ 96,000 $ 96,000 $ 90,000
Harrison, Mississippi 1 $ 35,000 $ 35,000 $ 41,000
St. Charles, Missouri 1 $ 392,000 $ 392,000 $ 133,000
Madison, Nebraska 1 $ 55,000 $ 55,000 $ 150,000
Rockingham, New Hampshire 1 $ 50,000 $ 50,000 $ 100,000
Essex, New Jersey 1 $ 376,000 $ 376,000 $ 109,000
Gloucester, New Jersey 1 $ 328,000 $ 328,000 $ 111,000
Passaic, New Jersey 1 $ 200,000 $ 200,000 $ 135,000
Somerset, New Jersey 1 $ 24,000 $ 24,000 $ 55,000
Union, New Jersey 1 $ 25,000 $ 25,000 $ 66,000
Warren, New Jersey 1 $ 200,000 $ 200,000 $ 115,000
New York, New York 1 $ 520,000 $ 520,000 $ 597,000
Orange, New York 1 $ 90,000 $ 90,000 $ 162,000
Brown, Ohio 1 $ 160,000 $ 160,000 $ 56,000
Highland, Ohio 1 $ 24,000 $ 24,000 $ 93,000
Newport, Rhode Island 1 $ 30,000 $ 30,000 $ 54,000
Beaufort, South Carolina 1 $ 200,000 $ 200,000 $ 144,000
Coffee, Tennessee 1 $ 131,000 $ 131,000 $ 60,000
Madison, Tennessee 1 $ 137,000 $ 137,000 $ 91,000
Collin, Texas 1 $ 105,000 $ 105,000 $ 149,000
Comal, Texas 1 $ 25,000 $ 25,000 $ 50,000
Kendall, Texas 1 $ 370,000 $ 370,000 $ 159,000
Medina, Texas 1 $ 20,000 $ 20,000 $ 31,000
Rockwall, Texas 1 $ 26,000 $ 26,000 $ 72,000
Davis, Utah 1 $ 228,000 $ 228,000 $ 79,000
Salt Lake, Utah 1 $ 159,000 $ 159,000 $ 108,000
Caroline, Virginia 1 $ 65,000 $ 65,000 $ 64,000
Pacific, Washington 1 $ 180,000 $ 180,000 $ 87,000
Sublette, Wyoming 1 $ 214,000 $ 214,000 $ 59,000

Mortgage Loan Application Detail Totals for Toyota Federal Credit Union 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
Refinancing 626 $93,962,000 $150,000 $1,500,000 $125,000 $1,076,000
Home Purchase 586 $123,219,000 $210,000 $1,820,000 $97,000 $556,000
Home Improvement 290 $14,413,000 $49,000 $581,000 $81,000 $310,000

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 953 $143,632,000 $150,000 $1,820,000 $105,000 $1,076,000
Not Provided 242 $35,779,000 $147,000 $1,500,000 $97,000 $597,000
Hispanic 143 $24,447,000 $170,000 $970,000 $103,000 $674,000
Asian 81 $14,174,000 $174,000 $640,000 $130,000 $479,000
Black or African American 66 $10,533,000 $159,000 $1,280,000 $102,000 $378,000
Native Hawaiian or Other Pacific Islander 14 $2,412,000 $172,000 $663,000 $151,000 $454,000
American Indian or Alaskan Native 3 $617,000 $205,000 $322,000 $91,000 $141,000
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) 1,500 $231,359,000 $154,000 $1,820,000 $105,000 $1,076,000
FHA-insured (Federal Housing Administration) 1 $145,000 $145,000 $145,000 $58,000 $58,000
VA-guaranteed (Veterans Administration) 1 $90,000 $90,000 $90,000 $70,000 $70,000
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 1,097 $170,400,000 $155,000 $1,820,000 $111,000 $1,076,000
Application Withdrawn By Applicant 363 $56,787,000 $156,000 $1,100,000 $92,000 $597,000
Application Denied By Financial Institution 42 $4,407,000 $104,000 $613,000 $76,000 $136,000
Application Approved But Not Accepted 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 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 10 $835,000 $83,000 $376,000 $69,000 $109,000
Collateral 9 $1,128,000 $125,000 $613,000 $78,000 $136,000
Debt-To-Income Ratio 7 $1,446,000 $206,000 $496,000 $89,000 $124,000
Insufficient Cash (Downpayment, Closing Cost) 7 $519,000 $74,000 $148,000 $80,000 $120,000
Other 2 $261,000 $130,000 $246,000 $85,000 $90,000
Unverifiable Information 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Toyota Federal Credit Union'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 Toyota Federal 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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