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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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ASCEND FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
ASCEND FEDERAL CREDIT UNION |
| Address | 550 WILLIAM NORTHERN BLVD
TULLAHOMA, TN 37388 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,602 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $143,345,000 |
| Average Mortgage Loan Amount Applied For | $129,682 |
| Highest Mortgage Loan Amount Applied For | $673,000 |
| Average Applicant Income | $67,176 |
| Highest Applicant Income | $864,000 |
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| Home Improvement |
1 | $115,000 |
$115,000 | $115,000 |
$26,000 | $26,000 |
| Home Purchase |
472 | $60,561,000 |
$128,000 | $673,000 |
$70,000 | $864,000 |
| Refinancing |
1,135 | $83,885,000 |
$73,000 | $584,000 |
$59,000 | $347,000 |
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| American Indian or Alaskan Native |
6 | $987,000 |
$164,000 | $545,000 |
$66,000 | $193,000 |
| Asian |
18 | $2,360,000 |
$131,000 | $673,000 |
$66,000 | $310,000 |
| Black or African American |
101 | $9,232,000 |
$91,000 | $260,000 |
$49,000 | $121,000 |
| Hispanic |
17 | $1,105,000 |
$65,000 | $150,000 |
$44,000 | $81,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $23,000 |
$23,000 | $23,000 |
$56,000 | $56,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
1,465 | $130,854,000 |
$89,000 | $584,000 |
$63,000 | $864,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,608 | $144,561,000 |
$89,000 | $673,000 |
$62,000 | $864,000 |
| 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 |
18 | $1,586,000 |
$88,000 | $400,000 |
$66,000 | $314,000 |
| Application Denied By Financial Institution |
149 | $11,799,000 |
$79,000 | $550,000 |
$45,000 | $182,000 |
| Application Withdrawn By Applicant |
389 | $38,494,000 |
$98,000 | $572,000 |
$58,000 | $864,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,052 | $92,682,000 |
$88,000 | $673,000 |
$66,000 | $864,000 |
| 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 |
3 | $280,000 |
$93,000 | $198,000 |
$27,000 | $48,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
91 | $7,658,000 |
$84,000 | $550,000 |
$49,000 | $182,000 |
| Debt-To-Income Ratio |
34 | $2,098,000 |
$61,000 | $260,000 |
$36,000 | $67,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $487,000 |
$162,000 | $234,000 |
$39,000 | $55,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
7 | $432,000 |
$61,000 | $150,000 |
$38,000 | $110,000 |
| Unverifiable Information |
1 | $106,000 |
$106,000 | $106,000 |
$15,000 | $15,000 |
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Mortgage Loan App Totals for ASCEND FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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