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| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
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ABCO FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
ABCO FEDERAL CREDIT UNION |
| Address | P.O. BOX 247
RANCOCAS, NJ 08073 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 150 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $26,670,000 |
| Average Mortgage Loan Amount Applied For | $197,764 |
| Highest Mortgage Loan Amount Applied For | $604,000 |
| Average Applicant Income | $35,764 |
| Highest Applicant Income | $238,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
65 | $11,314,000 |
$174,000 | $380,000 |
$39,000 | $134,000 |
| Refinancing |
94 | $16,851,000 |
$179,000 | $604,000 |
$38,000 | $238,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
32 | $5,474,000 |
$171,000 | $604,000 |
$62,000 | $150,000 |
| Hispanic |
1 | $145,000 |
$145,000 | $145,000 |
$30,000 | $30,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
66 | $12,156,000 |
$184,000 | $380,000 |
$0 | $0 |
| Not Provided |
20 | $3,754,000 |
$187,000 | $367,000 |
$65,000 | $134,000 |
| White |
40 | $6,636,000 |
$165,000 | $340,000 |
$71,000 | $238,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
159 | $28,165,000 |
$177,000 | $604,000 |
$39,000 | $238,000 |
| 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 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
9 | $1,591,000 |
$176,000 | $262,000 |
$63,000 | $98,000 |
| Application Withdrawn By Applicant |
35 | $6,379,000 |
$182,000 | $604,000 |
$65,000 | $150,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
40 | $6,544,000 |
$163,000 | $367,000 |
$71,000 | $238,000 |
| Loan Purchased By The Institution |
66 | $12,156,000 |
$184,000 | $380,000 |
$0 | $0 |
| Preapproval Approved but not Accepted |
5 | $760,000 |
$152,000 | $250,000 |
$47,000 | $56,000 |
| Preapproval Denied by Financial Institution |
4 | $735,000 |
$183,000 | $300,000 |
$63,000 | $134,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
5 | $729,000 |
$145,000 | $206,000 |
$55,000 | $79,000 |
| Debt-To-Income Ratio |
3 | $385,000 |
$128,000 | $170,000 |
$51,000 | $94,000 |
| 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 |
4 | $912,000 |
$228,000 | $262,000 |
$64,000 | $98,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for ABCO FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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