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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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CAMBRIDGE PORTUGUESE CREDIT UN
Mortgage Loans and Application Details
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| Mortgage Company Name |
CAMBRIDGE PORTUGUESE CREDIT UN |
| Address | 493 SOMERVILLE AVENUE
SOMERVILLE, MA 02143-3246 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 81 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $7,913,000 |
| Average Mortgage Loan Amount Applied For | $110,333 |
| Highest Mortgage Loan Amount Applied For | $500,000 |
| Average Applicant Income | $66,000 |
| Highest Applicant Income | $290,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
4 | $663,000 |
$165,000 | $296,000 |
$59,000 | $96,000 |
| Refinancing |
77 | $7,250,000 |
$94,000 | $500,000 |
$68,000 | $290,000 |
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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 |
4 | $728,000 |
$182,000 | $465,000 |
$58,000 | $78,000 |
| Hispanic |
5 | $529,000 |
$105,000 | $398,000 |
$58,000 | $105,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
6 | $533,000 |
$88,000 | $204,000 |
$92,000 | $165,000 |
| White |
66 | $6,123,000 |
$92,000 | $500,000 |
$67,000 | $290,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
81 | $7,913,000 |
$97,000 | $500,000 |
$68,000 | $290,000 |
| 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 |
1 | $500,000 |
$500,000 | $500,000 |
$33,000 | $33,000 |
| Application Denied By Financial Institution |
12 | $500,000 |
$41,000 | $135,000 |
$58,000 | $110,000 |
| Application Withdrawn By Applicant |
3 | $451,000 |
$150,000 | $204,000 |
$69,000 | $102,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
65 | $6,462,000 |
$99,000 | $500,000 |
$70,000 | $290,000 |
| 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 |
4 | $301,000 |
$75,000 | $135,000 |
$101,000 | $110,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $25,000 |
$25,000 | $25,000 |
$54,000 | $54,000 |
| Debt-To-Income Ratio |
7 | $174,000 |
$24,000 | $40,000 |
$34,000 | $60,000 |
| 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 CAMBRIDGE PORTUGUESE CREDIT UN by:
Metropolitan Area And
County
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