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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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CONNEX CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
CONNEX CREDIT UNION |
| Address | 412 WASHINGTON AVENUE
NORTH HAVEN, CT 06473 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 813 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $50,541,000 |
| Average Mortgage Loan Amount Applied For | $49,900 |
| Highest Mortgage Loan Amount Applied For | $414,000 |
| Average Applicant Income | $84,900 |
| Highest Applicant Income | $504,000 |
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| Home Improvement |
557 | $23,288,000 |
$41,000 | $285,000 |
$79,000 | $300,000 |
| Home Purchase |
18 | $3,287,000 |
$182,000 | $414,000 |
$76,000 | $132,000 |
| Refinancing |
238 | $23,966,000 |
$100,000 | $395,000 |
$88,000 | $504,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $56,000 |
$56,000 | $56,000 |
$35,000 | $35,000 |
| Black or African American |
71 | $3,769,000 |
$53,000 | $304,000 |
$65,000 | $238,000 |
| Hispanic |
44 | $2,857,000 |
$64,000 | $395,000 |
$67,000 | $132,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $10,000 |
$10,000 | $10,000 |
$50,000 | $50,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
152 | $9,409,000 |
$61,000 | $364,000 |
$80,000 | $280,000 |
| White |
544 | $34,440,000 |
$63,000 | $414,000 |
$85,000 | $504,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
813 | $50,541,000 |
$62,000 | $414,000 |
$81,000 | $504,000 |
| 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 |
48 | $2,800,000 |
$58,000 | $285,000 |
$87,000 | $245,000 |
| Application Denied By Financial Institution |
76 | $3,032,000 |
$39,000 | $170,000 |
$67,000 | $222,000 |
| Application Withdrawn By Applicant |
90 | $4,045,000 |
$44,000 | $159,000 |
$78,000 | $222,000 |
| File Closed For Incompleteness |
10 | $350,000 |
$35,000 | $110,000 |
$70,000 | $92,000 |
| Loan Originated |
589 | $40,314,000 |
$68,000 | $414,000 |
$84,000 | $504,000 |
| 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 |
15 | $525,000 |
$35,000 | $75,000 |
$75,000 | $132,000 |
| Credit Application Incomplete |
1 | $40,000 |
$40,000 | $40,000 |
$62,000 | $62,000 |
| Credit History |
34 | $1,182,000 |
$34,000 | $170,000 |
$65,000 | $209,000 |
| Debt-To-Income Ratio |
22 | $1,136,000 |
$51,000 | $125,000 |
$67,000 | $222,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $137,000 |
$45,000 | $100,000 |
$45,000 | $60,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $12,000 |
$12,000 | $12,000 |
$86,000 | $86,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for CONNEX CREDIT UNION by:
Metropolitan Area And
County
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