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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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CP FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
CP FEDERAL CREDIT UNION |
| Address | 1100 CLINTON RD
JACKSON, MI 49202 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 553 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $34,466,000 |
| Average Mortgage Loan Amount Applied For | $69,120 |
| Highest Mortgage Loan Amount Applied For | $425,000 |
| Average Applicant Income | $74,200 |
| Highest Applicant Income | $684,000 |
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| Home Improvement |
318 | $9,383,000 |
$29,000 | $150,000 |
$64,000 | $230,000 |
| Home Purchase |
99 | $11,670,000 |
$117,000 | $425,000 |
$70,000 | $244,000 |
| Refinancing |
151 | $13,926,000 |
$92,000 | $256,000 |
$67,000 | $684,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
13 | $492,000 |
$37,000 | $78,000 |
$51,000 | $138,000 |
| Hispanic |
4 | $129,000 |
$32,000 | $67,000 |
$57,000 | $109,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2 | $43,000 |
$21,000 | $27,000 |
$43,000 | $63,000 |
| White |
549 | $34,315,000 |
$62,000 | $425,000 |
$66,000 | $684,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
568 | $34,979,000 |
$61,000 | $425,000 |
$66,000 | $684,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
42 | $2,688,000 |
$64,000 | $218,000 |
$55,000 | $124,000 |
| Application Withdrawn By Applicant |
92 | $8,726,000 |
$94,000 | $425,000 |
$55,000 | $244,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
434 | $23,565,000 |
$54,000 | $348,000 |
$69,000 | $684,000 |
| 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 |
4 | $197,000 |
$49,000 | $78,000 |
$53,000 | $83,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
16 | $1,090,000 |
$68,000 | $218,000 |
$55,000 | $109,000 |
| Debt-To-Income Ratio |
11 | $549,000 |
$49,000 | $120,000 |
$54,000 | $124,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $15,000 |
$7,000 | $10,000 |
$18,000 | $24,000 |
| Mortgage Insurance Denied |
1 | $169,000 |
$169,000 | $169,000 |
$69,000 | $69,000 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for CP FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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