|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
BANK-FUND STAFF FEDERAL CU
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
BANK-FUND STAFF FEDERAL CU |
| Address | 1750 H STREET NW SUITE 300
WASHINGTON, DC 20006 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,173 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $398,101,000 |
| Average Mortgage Loan Amount Applied For | $323,317 |
| Highest Mortgage Loan Amount Applied For | $2,440,000 |
| Average Applicant Income | $167,882 |
| Highest Applicant Income | $697,000 |
|
|
|
| Home Improvement |
199 | $17,336,000 |
$87,000 | $540,000 |
$116,000 | $403,000 |
| Home Purchase |
946 | $402,318,000 |
$425,000 | $2,440,000 |
$154,000 | $984,000 |
| Refinancing |
553 | $208,439,000 |
$376,000 | $1,515,000 |
$144,000 | $608,000 |
|
|
| American Indian or Alaskan Native |
5 | $1,613,000 |
$322,000 | $800,000 |
$113,000 | $322,000 |
| Asian |
334 | $123,596,000 |
$370,000 | $1,519,000 |
$145,000 | $463,000 |
| Black or African American |
318 | $99,661,000 |
$313,000 | $1,324,000 |
$132,000 | $984,000 |
| Hispanic |
191 | $67,601,000 |
$353,000 | $1,200,000 |
$139,000 | $434,000 |
| Native Hawaiin or Other Pacific Islander |
6 | $2,114,000 |
$352,000 | $700,000 |
$80,000 | $134,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
64 | $26,881,000 |
$420,000 | $2,440,000 |
$132,000 | $697,000 |
| White |
780 | $306,627,000 |
$393,000 | $2,000,000 |
$157,000 | $608,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,698 | $628,093,000 |
$369,000 | $2,440,000 |
$147,000 | $984,000 |
| 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 |
|
|
| Application Approved But Not Accepted |
30 | $12,770,000 |
$425,000 | $1,324,000 |
$120,000 | $353,000 |
| Application Denied By Financial Institution |
47 | $16,180,000 |
$344,000 | $955,000 |
$108,000 | $324,000 |
| Application Withdrawn By Applicant |
200 | $65,391,000 |
$326,000 | $1,515,000 |
$136,000 | $543,000 |
| File Closed For Incompleteness |
28 | $11,554,000 |
$412,000 | $1,100,000 |
$132,000 | $268,000 |
| Loan Originated |
834 | $278,728,000 |
$334,000 | $2,000,000 |
$155,000 | $584,000 |
| Loan Purchased By The Institution |
97 | $34,960,000 |
$360,000 | $2,440,000 |
$162,000 | $697,000 |
| Preapproval Approved but not Accepted |
426 | $197,227,000 |
$462,000 | $2,000,000 |
$140,000 | $600,000 |
| Preapproval Denied by Financial Institution |
36 | $11,283,000 |
$313,000 | $740,000 |
$114,000 | $984,000 |
|
|
| Collateral |
2 | $677,000 |
$338,000 | $385,000 |
$145,000 | $192,000 |
| Credit Application Incomplete |
1 | $200,000 |
$200,000 | $200,000 |
$57,000 | $57,000 |
| Credit History |
18 | $6,217,000 |
$345,000 | $720,000 |
$165,000 | $984,000 |
| Debt-To-Income Ratio |
46 | $14,593,000 |
$317,000 | $955,000 |
$82,000 | $280,000 |
| Employment History |
2 | $1,396,000 |
$698,000 | $740,000 |
$154,000 | $158,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
5 | $2,004,000 |
$400,000 | $817,000 |
$123,000 | $192,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
9 | $2,376,000 |
$264,000 | $396,000 |
$130,000 | $252,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
Mortgage Loan App Totals for BANK-FUND STAFF FEDERAL CU by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
