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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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CORNERSTONE COMMUNITY FINANCIA
Mortgage Loans and Application Details
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| Mortgage Company Name |
CORNERSTONE COMMUNITY FINANCIA |
| Address | 2955 UNIVERSITY DRIVE
AUBURN HILLS, MI 48326 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 162 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $11,980,000 |
| Average Mortgage Loan Amount Applied For | $75,444 |
| Highest Mortgage Loan Amount Applied For | $352,000 |
| Average Applicant Income | $79,277 |
| Highest Applicant Income | $188,000 |
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| Home Improvement |
22 | $191,000 |
$8,000 | $30,000 |
$69,000 | $188,000 |
| Home Purchase |
21 | $2,485,000 |
$118,000 | $250,000 |
$62,000 | $148,000 |
| Refinancing |
119 | $9,304,000 |
$78,000 | $352,000 |
$77,000 | $178,000 |
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| American Indian or Alaskan Native |
1 | $45,000 |
$45,000 | $45,000 |
$41,000 | $41,000 |
| Asian |
2 | $269,000 |
$134,000 | $169,000 |
$64,000 | $111,000 |
| Black or African American |
26 | $1,332,000 |
$51,000 | $217,000 |
$68,000 | $188,000 |
| Hispanic |
5 | $424,000 |
$84,000 | $151,000 |
$65,000 | $102,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
128 | $9,910,000 |
$77,000 | $352,000 |
$76,000 | $178,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
162 | $11,980,000 |
$73,000 | $352,000 |
$74,000 | $188,000 |
| 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 | $25,000 |
$25,000 | $25,000 |
$47,000 | $47,000 |
| Application Denied By Financial Institution |
22 | $2,281,000 |
$103,000 | $260,000 |
$72,000 | $148,000 |
| Application Withdrawn By Applicant |
25 | $2,557,000 |
$102,000 | $238,000 |
$58,000 | $103,000 |
| File Closed For Incompleteness |
14 | $1,348,000 |
$96,000 | $254,000 |
$52,000 | $108,000 |
| Loan Originated |
100 | $5,769,000 |
$57,000 | $352,000 |
$82,000 | $188,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
10 | $742,000 |
$74,000 | $151,000 |
$69,000 | $121,000 |
| Debt-To-Income Ratio |
1 | $260,000 |
$260,000 | $260,000 |
$108,000 | $108,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for CORNERSTONE COMMUNITY FINANCIA by:
Metropolitan Area And
County
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