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records Toyota Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| 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 | 277 | $ 66,589,000 | $ 240,393 | $ 132,000 |
| Lexington-Fayette, KY | 240 | $ 15,707,000 | $ 65,445 | $ 79,000 |
| Santa Ana-Anaheim-Irvine, CA | 129 | $ 38,478,000 | $ 298,279 | $ 175,000 |
| Evansville, IN-KY | 121 | $ 7,028,000 | $ 58,082 | $ 75,000 |
| Cincinnati-Middletown, OH-KY-IN | 106 | $ 10,308,000 | $ 97,245 | $ 87,113 |
| Riverside-San Bernardino-Ontario, CA | 50 | $ 9,212,000 | $ 184,240 | $ 121,000 |
| San Antonio, TX | 40 | $ 4,746,000 | $ 118,650 | $ 81,000 |
| Chicago-Naperville-Joliet, IL | 31 | $ 5,024,000 | $ 162,064 | $ 125,000 |
| Portland-Vancouver-Beaverton, OR-WA | 22 | $ 3,816,000 | $ 173,454 | $ 109,681 |
| Phoenix-Mesa-Scottsdale, AZ | 18 | $ 2,462,000 | $ 136,777 | $ 107,000 |
| Baltimore-Towson, MD | 16 | $ 2,835,000 | $ 177,187 | $ 96,000 |
| Newark-Union, NJ-PA | 15 | $ 4,546,000 | $ 303,066 | $ 118,000 |
| Atlanta-Sandy Springs-Marietta, GA | 13 | $ 2,555,000 | $ 196,538 | $ 139,000 |
| Louisville-Jefferson County, KY-IN | 13 | $ 1,029,000 | $ 79,153 | $ 65,000 |
| Lafayette, IN | 11 | $ 1,183,000 | $ 107,545 | $ 93,000 |
| San Diego-Carlsbad-San Marcos, CA | 9 | $ 2,023,000 | $ 224,777 | $ 110,000 |
| Denver-Aurora, CO | 8 | $ 1,926,000 | $ 240,750 | $ 107,000 |
| Huntsville, AL | 8 | $ 957,000 | $ 119,625 | $ 101,000 |
| Philadelphia, PA | 8 | $ 1,673,000 | $ 209,125 | $ 141,000 |
| Oakland-Fremont-Hayward, CA | 7 | $ 2,104,000 | $ 300,571 | $ 142,000 |
| Ann Arbor, MI | 5 | $ 622,000 | $ 124,400 | $ 80,000 |
| Edison, NJ | 5 | $ 630,000 | $ 126,000 | $ 83,000 |
| Kansas City, MO-KS | 5 | $ 441,000 | $ 88,200 | $ 92,000 |
| Nashville-Davidson--Murfreesboro, TN | 5 | $ 523,000 | $ 104,600 | $ 86,000 |
| Seattle-Bellevue-Everett, WA | 5 | $ 1,083,000 | $ 216,600 | $ 117,000 |
| Warren-Troy-Farmington Hills, MI | 5 | $ 455,000 | $ 91,000 | $ 106,000 |
| Cedar Rapids, IA | 4 | $ 176,000 | $ 44,000 | $ 72,000 |
| Dallas-Plano-Irving, TX | 4 | $ 458,000 | $ 114,500 | $ 105,000 |
| Tallahassee, FL | 4 | $ 322,000 | $ 80,500 | $ 123,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 4 | $ 1,248,000 | $ 312,000 | $ 132,000 |
| York-Hanover, PA | 4 | $ 351,000 | $ 87,750 | $ 67,000 |
| Charlotte-Gastonia-Concord, NC-SC | 3 | $ 412,000 | $ 137,333 | $ 102,000 |
| Coeur D'Alene, ID | 3 | $ 788,000 | $ 262,666 | $ 112,000 |
| Detroit-Livonia-Dearborn, MI | 3 | $ 228,000 | $ 76,000 | $ 52,000 |
| Las Vegas-Paradise, NV | 3 | $ 846,000 | $ 282,000 | $ 84,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 3 | $ 510,000 | $ 170,000 | $ 121,000 |
| Richmond, VA | 3 | $ 184,000 | $ 61,333 | $ 72,000 |
| Salem, OR | 3 | $ 210,000 | $ 70,000 | $ 124,000 |
| Charlottesville, VA | 2 | $ 271,000 | $ 135,500 | $ 88,000 |
| Columbus, OH | 2 | $ 242,000 | $ 121,000 | $ 106,000 |
| Decatur, AL | 2 | $ 40,000 | $ 20,000 | $ 65,000 |
| Houston-Sugar Land-Baytown, TX | 2 | $ 197,000 | $ 98,500 | $ 169,000 |
| Jackson, MI | 2 | $ 231,000 | $ 115,500 | $ 131,000 |
| New York-White Plains-Wayne, NY-NJ | 2 | $ 720,000 | $ 360,000 | $ 366,000 |
| Owensboro, KY | 2 | $ 157,000 | $ 78,500 | $ 71,000 |
| Panama City-Lynn Haven, FL | 2 | $ 134,000 | $ 67,000 | $ 107,000 |
| San Francisco-San Mateo-Redwood City, CA | 2 | $ 655,000 | $ 327,500 | $ 192,000 |
| Stockton, CA | 2 | $ 335,000 | $ 167,500 | $ 150,000 |
| Vallejo-Fairfield, CA | 2 | $ 439,000 | $ 219,500 | $ 115,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 1 | $ 200,000 | $ 200,000 | $ 115,000 |
| Bethesda-Gaithersburg-Frederick, MD | 1 | $ 417,000 | $ 417,000 | $ 94,000 |
| Boise City-Nampa, ID | 1 | $ 295,000 | $ 295,000 | $ 140,000 |
| Camden, NJ | 1 | $ 328,000 | $ 328,000 | $ 111,000 |
| Columbus, IN | 1 | $ 110,000 | $ 110,000 | $ 42,000 |
| Fort Collins-Loveland, CO | 1 | $ 126,000 | $ 126,000 | $ 64,000 |
| Fresno, CA | 1 | $ 20,000 | $ 20,000 | $ 38,000 |
| Gulfport-Biloxi, MS | 1 | $ 35,000 | $ 35,000 | $ 41,000 |
| Indianapolis-Carmel, IN | 1 | $ 20,000 | $ 20,000 | $ 43,000 |
| Jackson, TN | 1 | $ 137,000 | $ 137,000 | $ 91,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 30,000 | $ 30,000 | $ 112,000 |
| Mobile, AL | 1 | $ 30,000 | $ 30,000 | $ 82,000 |
| Ogden-Clearfield, UT | 1 | $ 228,000 | $ 228,000 | $ 79,000 |
| Orlando-Kissimmee, FL | 1 | $ 200,000 | $ 200,000 | $ 143,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 562,000 | $ 562,000 | $ 133,000 |
| Providence-New Bedford-Fall River, RI-MA | 1 | $ 30,000 | $ 30,000 | $ 54,000 |
| Rockingham County-Strafford County, NH | 1 | $ 50,000 | $ 50,000 | $ 100,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 1 | $ 70,000 | $ 70,000 | $ 134,000 |
| Salt Lake City, UT | 1 | $ 159,000 | $ 159,000 | $ 108,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 56,000 | $ 56,000 | $ 153,000 |
| St. Louis, MO-IL | 1 | $ 392,000 | $ 392,000 | $ 133,000 |
| Terre Haute, IN | 1 | $ 72,000 | $ 72,000 | $ 55,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 1 | $ 130,000 | $ 130,000 | $ 30,000 |
| Worcester, MA | 1 | $ 50,000 | $ 50,000 | $ 105,000 |
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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