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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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ALABAMA STATE EMPLOYEES C.U.
Mortgage Loans and Application Details
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| Mortgage Company Name |
ALABAMA STATE EMPLOYEES C.U. |
| Address | 1000 INTERSTATE PARK DRIVE
MONTGOMERY, AL 36109 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 113 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $7,801,000 |
| Average Mortgage Loan Amount Applied For | $80,000 |
| Highest Mortgage Loan Amount Applied For | $281,000 |
| Average Applicant Income | $51,000 |
| Highest Applicant Income | $155,000 |
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| Home Improvement |
1 | $40,000 |
$40,000 | $40,000 |
$30,000 | $30,000 |
| Home Purchase |
113 | $12,927,000 |
$114,000 | $375,000 |
$49,000 | $155,000 |
| Refinancing |
144 | $9,134,000 |
$63,000 | $281,000 |
$55,000 | $156,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $257,000 |
$128,000 | $225,000 |
$51,000 | $52,000 |
| Black or African American |
98 | $8,206,000 |
$83,000 | $329,000 |
$50,000 | $156,000 |
| Hispanic |
2 | $240,000 |
$120,000 | $140,000 |
$31,000 | $47,000 |
| Native Hawaiin 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 |
| White |
156 | $13,398,000 |
$85,000 | $375,000 |
$55,000 | $155,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
258 | $22,101,000 |
$85,000 | $375,000 |
$53,000 | $156,000 |
| 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 |
5 | $733,000 |
$146,000 | $225,000 |
$38,000 | $52,000 |
| Application Denied By Financial Institution |
87 | $6,554,000 |
$75,000 | $329,000 |
$45,000 | $153,000 |
| Application Withdrawn By Applicant |
52 | $5,865,000 |
$112,000 | $343,000 |
$58,000 | $156,000 |
| File Closed For Incompleteness |
15 | $1,797,000 |
$119,000 | $225,000 |
$55,000 | $111,000 |
| Loan Originated |
97 | $6,907,000 |
$71,000 | $375,000 |
$58,000 | $155,000 |
| 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 |
2 | $245,000 |
$122,000 | $145,000 |
$40,000 | $41,000 |
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| Collateral |
13 | $787,000 |
$60,000 | $181,000 |
$45,000 | $80,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
56 | $4,417,000 |
$78,000 | $249,000 |
$47,000 | $153,000 |
| Debt-To-Income Ratio |
15 | $1,287,000 |
$85,000 | $329,000 |
$37,000 | $101,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $100,000 |
$50,000 | $55,000 |
$42,000 | $56,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $115,000 |
$57,000 | $100,000 |
$43,000 | $47,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for ALABAMA STATE EMPLOYEES C.U. by:
Metropolitan Area And
County
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