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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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CITY OF BOSTON CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
CITY OF BOSTON CREDIT UNION |
| Address | ONE UNION STREET - 3RD FLOOR
BOSTON, MA 02108 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 56 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $14,252,000 |
| Average Mortgage Loan Amount Applied For | $265,333 |
| Highest Mortgage Loan Amount Applied For | $664,000 |
| Average Applicant Income | $127,666 |
| Highest Applicant Income | $295,000 |
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| Home Improvement |
11 | $2,377,000 |
$216,000 | $352,000 |
$113,000 | $174,000 |
| Home Purchase |
11 | $2,636,000 |
$239,000 | $464,000 |
$81,000 | $141,000 |
| Refinancing |
34 | $9,239,000 |
$271,000 | $664,000 |
$119,000 | $295,000 |
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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 |
8 | $1,899,000 |
$237,000 | $410,000 |
$108,000 | $185,000 |
| Hispanic |
3 | $1,147,000 |
$382,000 | $553,000 |
$166,000 | $295,000 |
| 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 |
45 | $11,206,000 |
$249,000 | $664,000 |
$107,000 | $228,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
56 | $14,252,000 |
$254,000 | $664,000 |
$110,000 | $295,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
7 | $1,936,000 |
$276,000 | $553,000 |
$109,000 | $180,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
49 | $12,316,000 |
$251,000 | $664,000 |
$110,000 | $295,000 |
| 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 | $1,393,000 |
$348,000 | $553,000 |
$142,000 | $180,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $133,000 |
$133,000 | $133,000 |
$48,000 | $48,000 |
| Debt-To-Income Ratio |
1 | $110,000 |
$110,000 | $110,000 |
$22,000 | $22,000 |
| 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 |
1 | $300,000 |
$300,000 | $300,000 |
$129,000 | $129,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for CITY OF BOSTON CREDIT UNION by:
Metropolitan Area And
County
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