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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 FINANCIAL CREDIT U
Mortgage Loans and Application Details
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| Mortgage Company Name |
CORNERSTONE FINANCIAL CREDIT U |
| Address | 1701 21ST AVE S
NASHVILLE, TN 37212 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 140 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $11,506,000 |
| Average Mortgage Loan Amount Applied For | $79,000 |
| Highest Mortgage Loan Amount Applied For | $531,000 |
| Average Applicant Income | $67,294 |
| Highest Applicant Income | $305,000 |
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| Home Improvement |
27 | $831,000 |
$30,000 | $100,000 |
$63,000 | $155,000 |
| Home Purchase |
44 | $4,919,000 |
$111,000 | $531,000 |
$82,000 | $305,000 |
| Refinancing |
76 | $6,542,000 |
$86,000 | $347,000 |
$57,000 | $142,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
5 | $489,000 |
$97,000 | $203,000 |
$66,000 | $104,000 |
| Black or African American |
19 | $1,838,000 |
$96,000 | $338,000 |
$63,000 | $129,000 |
| Hispanic |
2 | $681,000 |
$340,000 | $531,000 |
$152,000 | $305,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
14 | $979,000 |
$69,000 | $143,000 |
$49,000 | $93,000 |
| White |
107 | $8,305,000 |
$77,000 | $420,000 |
$66,000 | $205,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
147 | $12,292,000 |
$83,000 | $531,000 |
$65,000 | $305,000 |
| 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 | $10,000 |
$10,000 | $10,000 |
$28,000 | $28,000 |
| Application Denied By Financial Institution |
23 | $1,483,000 |
$64,000 | $173,000 |
$46,000 | $112,000 |
| Application Withdrawn By Applicant |
20 | $2,275,000 |
$113,000 | $531,000 |
$75,000 | $305,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
96 | $7,738,000 |
$80,000 | $420,000 |
$70,000 | $205,000 |
| 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 |
7 | $786,000 |
$112,000 | $143,000 |
$50,000 | $126,000 |
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| Collateral |
2 | $142,000 |
$71,000 | $100,000 |
$52,000 | $75,000 |
| Credit Application Incomplete |
1 | $85,000 |
$85,000 | $85,000 |
$28,000 | $28,000 |
| Credit History |
10 | $771,000 |
$77,000 | $143,000 |
$47,000 | $126,000 |
| Debt-To-Income Ratio |
13 | $948,000 |
$72,000 | $173,000 |
$47,000 | $112,000 |
| 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 |
4 | $323,000 |
$80,000 | $133,000 |
$48,000 | $67,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for CORNERSTONE FINANCIAL CREDIT U by:
Metropolitan Area And
County
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