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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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CONSUMERS PROFESSIONAL CU
Mortgage Loans and Application Details
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| Mortgage Company Name |
CONSUMERS PROFESSIONAL CU |
| Address | 525 W WILLOW
LANSING, MI 48906 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 101 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $5,779,000 |
| Average Mortgage Loan Amount Applied For | $55,571 |
| Highest Mortgage Loan Amount Applied For | $271,000 |
| Average Applicant Income | $59,904 |
| Highest Applicant Income | $385,000 |
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| Home Improvement |
13 | $361,000 |
$27,000 | $88,000 |
$75,000 | $150,000 |
| Home Purchase |
30 | $2,058,000 |
$68,000 | $187,000 |
$49,000 | $167,000 |
| Refinancing |
58 | $3,360,000 |
$57,000 | $271,000 |
$61,000 | $385,000 |
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| American Indian or Alaskan Native |
1 | $56,000 |
$56,000 | $56,000 |
$28,000 | $28,000 |
| Asian |
1 | $77,000 |
$77,000 | $77,000 |
$71,000 | $71,000 |
| Black or African American |
7 | $316,000 |
$45,000 | $128,000 |
$44,000 | $63,000 |
| Hispanic |
3 | $106,000 |
$35,000 | $80,000 |
$52,000 | $63,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
7 | $311,000 |
$44,000 | $107,000 |
$49,000 | $106,000 |
| White |
82 | $4,913,000 |
$59,000 | $271,000 |
$62,000 | $385,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
100 | $5,704,000 |
$57,000 | $271,000 |
$59,000 | $385,000 |
| FHA-insured (Federal Housing Administration) |
1 | $75,000 |
$75,000 | $75,000 |
$52,000 | $52,000 |
| 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 | $125,000 |
$125,000 | $125,000 |
$30,000 | $30,000 |
| Application Denied By Financial Institution |
18 | $927,000 |
$51,000 | $151,000 |
$40,000 | $133,000 |
| Application Withdrawn By Applicant |
9 | $419,000 |
$46,000 | $112,000 |
$65,000 | $89,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
73 | $4,308,000 |
$59,000 | $271,000 |
$64,000 | $385,000 |
| 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 |
1 | $18,000 |
$18,000 | $18,000 |
$62,000 | $62,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
4 | $80,000 |
$20,000 | $32,000 |
$58,000 | $133,000 |
| Debt-To-Income Ratio |
9 | $672,000 |
$74,000 | $151,000 |
$37,000 | $71,000 |
| Employment History |
1 | $50,000 |
$50,000 | $50,000 |
$13,000 | $13,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $59,000 |
$29,000 | $50,000 |
$30,000 | $54,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for CONSUMERS PROFESSIONAL CU by:
Metropolitan Area And
County
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