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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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COMMUNICATIONS FAMILY C.U.
Mortgage Loans and Application Details
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| Mortgage Company Name |
COMMUNICATIONS FAMILY C.U. |
| Address | PO BOX 3285
SAGINAW, MI 48605 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 705 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $31,752,000 |
| Average Mortgage Loan Amount Applied For | $49,482 |
| Highest Mortgage Loan Amount Applied For | $360,000 |
| Average Applicant Income | $62,793 |
| Highest Applicant Income | $221,000 |
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| Home Improvement |
37 | $818,000 |
$22,000 | $45,000 |
$57,000 | $158,000 |
| Home Purchase |
65 | $6,688,000 |
$102,000 | $360,000 |
$51,000 | $208,000 |
| Refinancing |
603 | $24,246,000 |
$40,000 | $267,000 |
$56,000 | $221,000 |
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| American Indian or Alaskan Native |
3 | $150,000 |
$50,000 | $70,000 |
$45,000 | $50,000 |
| Asian |
2 | $77,000 |
$38,000 | $50,000 |
$102,000 | $109,000 |
| Black or African American |
25 | $1,174,000 |
$46,000 | $222,000 |
$48,000 | $173,000 |
| Hispanic |
17 | $1,030,000 |
$60,000 | $152,000 |
$49,000 | $78,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $84,000 |
$28,000 | $41,000 |
$29,000 | $50,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
93 | $4,801,000 |
$51,000 | $360,000 |
$58,000 | $208,000 |
| White |
562 | $24,436,000 |
$43,000 | $217,000 |
$55,000 | $221,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
705 | $31,752,000 |
$45,000 | $360,000 |
$55,000 | $221,000 |
| 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 |
16 | $963,000 |
$60,000 | $267,000 |
$78,000 | $221,000 |
| Application Denied By Financial Institution |
59 | $2,642,000 |
$44,000 | $204,000 |
$47,000 | $138,000 |
| Application Withdrawn By Applicant |
42 | $2,613,000 |
$62,000 | $200,000 |
$50,000 | $120,000 |
| File Closed For Incompleteness |
21 | $2,017,000 |
$96,000 | $200,000 |
$57,000 | $144,000 |
| Loan Originated |
563 | $23,135,000 |
$41,000 | $360,000 |
$56,000 | $208,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
2 | $212,000 |
$106,000 | $132,000 |
$47,000 | $52,000 |
| Preapproval Denied by Financial Institution |
2 | $170,000 |
$85,000 | $95,000 |
$38,000 | $62,000 |
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| Collateral |
9 | $280,000 |
$31,000 | $58,000 |
$48,000 | $82,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
24 | $1,071,000 |
$44,000 | $140,000 |
$50,000 | $138,000 |
| Debt-To-Income Ratio |
25 | $1,225,000 |
$49,000 | $204,000 |
$44,000 | $101,000 |
| Employment History |
1 | $80,000 |
$80,000 | $80,000 |
$30,000 | $30,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $140,000 |
$140,000 | $140,000 |
$61,000 | $61,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $16,000 |
$16,000 | $16,000 |
$25,000 | $25,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for COMMUNICATIONS FAMILY C.U. by:
Metropolitan Area And
County
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