Tri-Pointe Commuity C.U. Mortgage Lending & HMDA Data, 2014
In 2014, Tri-Pointe Commuity C.U. of Grand Blanc, MI reported 16 mortgage applications totaling $653,000, down 38% from 2013. The average application was for $40,812, and applicants reported an average income of $94,062. 69% of its applications resulted in an originated loan and 25% were denied. Its largest markets were Flint, MI (11) and Warren-Troy-Farmington Hills, MI (3).
| Mortgage Company & Address | Tri-Pointe Commuity C.U. 2343 E. Hill Rd Grand Blanc, MI 48439 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 16 |
| Total Mortgage Loan Application Amount | $653,000 |
| Average Mortgage Loan Application Amount | $40,812 |
| Highest Mortgage Loan Application Amount | $130,000 |
| Average Applicant Income | $94,062 |
| Highest Applicant Income | $285,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Tri-Pointe Commuity C.U. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Genesee, Michigan | 11 | $ 434,000 | $ 39,454 | $ 105,000 |
| Livingston, Michigan | 2 | $ 99,000 | $ 49,500 | $ 98,000 |
| Tuscola, Michigan | 2 | $ 85,000 | $ 42,500 | $ 40,000 |
| Oakland, Michigan | 1 | $ 35,000 | $ 35,000 | $ 73,000 |
Mortgage Loan Application Detail Totals for Tri-Pointe Commuity C.U. in 2014
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 |
|---|---|---|---|---|---|---|
| Home Improvement | 11 | $298,000 | $27,000 | $50,000 | $80,000 | $168,000 |
| Refinancing | 5 | $355,000 | $71,000 | $130,000 | $125,000 | $285,000 |
| Home Purchase | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 15 | $633,000 | $42,000 | $130,000 | $92,000 | $285,000 |
| Black or African American | 1 | $20,000 | $20,000 | $20,000 | $127,000 | $127,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 16 | $653,000 | $40,000 | $130,000 | $94,000 | $285,000 |
| 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 | 11 | $483,000 | $43,000 | $130,000 | $104,000 | $285,000 |
| Application Denied By Financial Institution | 4 | $150,000 | $37,000 | $50,000 | $76,000 | $168,000 |
| Application Withdrawn By Applicant | 1 | $20,000 | $20,000 | $20,000 | $56,000 | $56,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 3 | $135,000 | $45,000 | $50,000 | $46,000 | $59,000 |
| Collateral | 1 | $15,000 | $15,000 | $15,000 | $168,000 | $168,000 |
| Credit Application Incomplete | 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 Tri-Pointe Commuity C.U.'s 2014 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 Tri-Pointe Commuity C.U.'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.
For a list of all lenders in Michigan, download the full spreadsheet
with aggregated HMDA statistics today.
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