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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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COREPLUS FCU
Mortgage Loans and Application Details
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| Mortgage Company Name |
COREPLUS FCU |
| Address | 202 SALEM TURNPIKE
NORWICH, CT 06360 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 618 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $36,141,000 |
| Average Mortgage Loan Amount Applied For | $84,400 |
| Highest Mortgage Loan Amount Applied For | $400,000 |
| Average Applicant Income | $106,200 |
| Highest Applicant Income | $295,000 |
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| Home Improvement |
450 | $20,569,000 |
$45,000 | $200,000 |
$81,000 | $295,000 |
| Home Purchase |
37 | $6,049,000 |
$163,000 | $340,000 |
$73,000 | $171,000 |
| Refinancing |
169 | $14,460,000 |
$85,000 | $400,000 |
$68,000 | $202,000 |
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| American Indian or Alaskan Native |
3 | $120,000 |
$40,000 | $60,000 |
$65,000 | $97,000 |
| Asian |
2 | $42,000 |
$21,000 | $30,000 |
$54,000 | $77,000 |
| Black or African American |
16 | $1,168,000 |
$73,000 | $250,000 |
$68,000 | $150,000 |
| Hispanic |
19 | $894,000 |
$47,000 | $183,000 |
$57,000 | $145,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $246,000 |
$123,000 | $171,000 |
$81,000 | $98,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $169,000 |
$169,000 | $169,000 |
$51,000 | $51,000 |
| White |
613 | $38,439,000 |
$62,000 | $400,000 |
$78,000 | $295,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
656 | $41,078,000 |
$62,000 | $400,000 |
$77,000 | $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 |
2 | $660,000 |
$330,000 | $400,000 |
$118,000 | $166,000 |
| Application Denied By Financial Institution |
61 | $4,511,000 |
$73,000 | $320,000 |
$60,000 | $140,000 |
| Application Withdrawn By Applicant |
36 | $2,541,000 |
$70,000 | $180,000 |
$68,000 | $150,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
540 | $30,140,000 |
$55,000 | $355,000 |
$80,000 | $295,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
11 | $2,040,000 |
$185,000 | $300,000 |
$65,000 | $108,000 |
| Preapproval Denied by Financial Institution |
6 | $1,186,000 |
$197,000 | $250,000 |
$63,000 | $75,000 |
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| Collateral |
12 | $895,000 |
$74,000 | $300,000 |
$55,000 | $75,000 |
| Credit Application Incomplete |
3 | $205,000 |
$68,000 | $120,000 |
$84,000 | $102,000 |
| Credit History |
26 | $2,278,000 |
$87,000 | $320,000 |
$60,000 | $118,000 |
| Debt-To-Income Ratio |
23 | $1,971,000 |
$85,000 | $259,000 |
$60,000 | $140,000 |
| Employment History |
2 | $48,000 |
$24,000 | $28,000 |
$44,000 | $50,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
1 | $300,000 |
$300,000 | $300,000 |
$80,000 | $80,000 |
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Mortgage Loan App Totals for COREPLUS FCU by:
Metropolitan Area And
County
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