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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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ABD FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
ABD FEDERAL CREDIT UNION |
| Address | 27580 MOUND ROAD
WARREN, MI 48092 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 114 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,547,000 |
| Average Mortgage Loan Amount Applied For | $19,000 |
| Highest Mortgage Loan Amount Applied For | $179,000 |
| Average Applicant Income | $55,666 |
| Highest Applicant Income | $82,000 |
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| Home Improvement |
108 | $1,068,000 |
$9,000 | $66,000 |
$56,000 | $82,000 |
| Home Purchase |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing |
6 | $479,000 |
$79,000 | $179,000 |
$52,000 | $70,000 |
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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 |
93 | $1,181,000 |
$12,000 | $179,000 |
$55,000 | $82,000 |
| Hispanic |
1 | $5,000 |
$5,000 | $5,000 |
$60,000 | $60,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $2,000 |
$2,000 | $2,000 |
$58,000 | $58,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
19 | $359,000 |
$18,000 | $120,000 |
$59,000 | $68,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
114 | $1,547,000 |
$13,000 | $179,000 |
$56,000 | $82,000 |
| 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 |
69 | $599,000 |
$8,000 | $66,000 |
$55,000 | $68,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
45 | $948,000 |
$21,000 | $179,000 |
$57,000 | $82,000 |
| 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 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
57 | $481,000 |
$8,000 | $66,000 |
$55,000 | $68,000 |
| Debt-To-Income Ratio |
12 | $118,000 |
$9,000 | $40,000 |
$58,000 | $65,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for ABD FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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