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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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AMERICA'S FIRST FEDERAL CREDIT
Mortgage Loans and Application Details
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| Mortgage Company Name |
AMERICA'S FIRST FEDERAL CREDIT |
| Address | 1200 4TH AVENUE NORTH
BIRMINGHAM, AL 35203 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 830 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $88,444,000 |
| Average Mortgage Loan Amount Applied For | $110,840 |
| Highest Mortgage Loan Amount Applied For | $485,000 |
| Average Applicant Income | $67,120 |
| Highest Applicant Income | $2,619,000 |
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| Home Improvement |
41 | $2,023,000 |
$49,000 | $172,000 |
$61,000 | $196,000 |
| Home Purchase |
277 | $32,055,000 |
$115,000 | $450,000 |
$59,000 | $218,000 |
| Refinancing |
572 | $61,152,000 |
$106,000 | $485,000 |
$70,000 | $2,619,000 |
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| American Indian or Alaskan Native |
2 | $375,000 |
$187,000 | $265,000 |
$80,000 | $105,000 |
| Asian |
2 | $160,000 |
$80,000 | $100,000 |
$57,000 | $60,000 |
| Black or African American |
148 | $14,799,000 |
$99,000 | $450,000 |
$55,000 | $179,000 |
| Hispanic |
4 | $401,000 |
$100,000 | $130,000 |
$70,000 | $96,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $386,000 |
$193,000 | $197,000 |
$130,000 | $132,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $190,000 |
$190,000 | $190,000 |
$62,000 | $62,000 |
| White |
731 | $78,919,000 |
$107,000 | $485,000 |
$68,000 | $2,619,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
890 | $95,230,000 |
$107,000 | $485,000 |
$66,000 | $2,619,000 |
| 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 |
51 | $5,243,000 |
$102,000 | $262,000 |
$56,000 | $108,000 |
| Application Denied By Financial Institution |
94 | $10,683,000 |
$113,000 | $328,000 |
$54,000 | $225,000 |
| Application Withdrawn By Applicant |
63 | $6,809,000 |
$108,000 | $417,000 |
$113,000 | $2,619,000 |
| File Closed For Incompleteness |
12 | $1,108,000 |
$92,000 | $225,000 |
$53,000 | $69,000 |
| Loan Originated |
613 | $64,896,000 |
$105,000 | $485,000 |
$66,000 | $516,000 |
| 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 |
57 | $6,491,000 |
$113,000 | $450,000 |
$52,000 | $171,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
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 |
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Mortgage Loan App Totals for AMERICA'S FIRST FEDERAL CREDIT by:
Metropolitan Area And
County
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