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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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CO-OP SERVICES CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
CO-OP SERVICES CREDIT UNION |
| Address | 29550 FIVE MILE RD.
LIVONIA,, MI 48154-3710 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 333 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $14,404,000 |
| Average Mortgage Loan Amount Applied For | $50,571 |
| Highest Mortgage Loan Amount Applied For | $360,000 |
| Average Applicant Income | $81,000 |
| Highest Applicant Income | $355,000 |
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| Home Improvement |
289 | $9,315,000 |
$32,000 | $250,000 |
$72,000 | $300,000 |
| Home Purchase |
53 | $6,735,000 |
$127,000 | $360,000 |
$59,000 | $355,000 |
| Refinancing |
42 | $4,610,000 |
$109,000 | $280,000 |
$60,000 | $171,000 |
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| American Indian or Alaskan Native |
2 | $53,000 |
$26,000 | $40,000 |
$43,000 | $61,000 |
| Asian |
3 | $360,000 |
$120,000 | $250,000 |
$117,000 | $172,000 |
| Black or African American |
64 | $3,307,000 |
$51,000 | $248,000 |
$54,000 | $137,000 |
| Hispanic |
6 | $230,000 |
$38,000 | $84,000 |
$53,000 | $75,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $120,000 |
$40,000 | $85,000 |
$59,000 | $83,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
39 | $2,010,000 |
$51,000 | $160,000 |
$69,000 | $300,000 |
| White |
267 | $14,580,000 |
$54,000 | $360,000 |
$72,000 | $355,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
384 | $20,660,000 |
$53,000 | $360,000 |
$69,000 | $355,000 |
| 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 | $10,000 |
$10,000 | $10,000 |
$38,000 | $38,000 |
| Application Denied By Financial Institution |
110 | $5,732,000 |
$52,000 | $250,000 |
$59,000 | $300,000 |
| Application Withdrawn By Applicant |
73 | $7,186,000 |
$98,000 | $360,000 |
$69,000 | $355,000 |
| File Closed For Incompleteness |
27 | $2,000,000 |
$74,000 | $248,000 |
$57,000 | $109,000 |
| Loan Originated |
173 | $5,732,000 |
$33,000 | $92,000 |
$77,000 | $258,000 |
| 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 |
29 | $977,000 |
$33,000 | $175,000 |
$64,000 | $140,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
51 | $2,465,000 |
$48,000 | $228,000 |
$58,000 | $300,000 |
| Debt-To-Income Ratio |
8 | $406,000 |
$50,000 | $250,000 |
$75,000 | $172,000 |
| Employment History |
1 | $10,000 |
$10,000 | $10,000 |
$72,000 | $72,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $73,000 |
$36,000 | $41,000 |
$57,000 | $83,000 |
| Mortgage Insurance Denied |
1 | $146,000 |
$146,000 | $146,000 |
$46,000 | $46,000 |
| Other |
5 | $288,000 |
$57,000 | $158,000 |
$45,000 | $80,000 |
| Unverifiable Information |
1 | $84,000 |
$84,000 | $84,000 |
$52,000 | $52,000 |
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Mortgage Loan App Totals for CO-OP SERVICES CREDIT UNION by:
Metropolitan Area And
County
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