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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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CREDIT UNION MORTGAGE COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
CREDIT UNION MORTGAGE COMPANY |
| Address | 555 W. CROSSTOWN PARKWAY SUITE 401
KALAMAZOO, MI 49008 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 1,396 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $138,147,000 |
| Average Mortgage Loan Amount Applied For | $107,869 |
| Highest Mortgage Loan Amount Applied For | $393,000 |
| Average Applicant Income | $51,043 |
| Highest Applicant Income | $539,000 |
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| Home Improvement (one-to-four family) |
1 | $35,000 |
$35,000 | $35,000 |
$13,000 | $13,000 |
| Home Purchase (one-to-four family) |
511 | $52,120,000 |
$100,500 | $486,000 |
$49,000 | $227,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
1,366 | $133,705,000 |
$97,500 | $384,000 |
$52,500 | $539,000 |
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| American Indian or Alaskan Native |
3 | $337,000 |
$100,000 | $144,000 |
$71,500 | $109,000 |
| Asian or Pacific Islander |
5 | $588,000 |
$112,500 | $160,000 |
$60,500 | $91,000 |
| Black |
61 | $5,553,000 |
$91,000 | $232,000 |
$46,000 | $138,000 |
| Hispanic |
41 | $3,378,000 |
$74,500 | $246,000 |
$43,000 | $103,000 |
| Information not provided by applicant in mail or telephone application |
359 | $36,073,000 |
$101,500 | $311,000 |
$52,500 | $218,000 |
| Not applicable |
2 | $475,000 |
$237,000 | $388,000 |
$2,000 | $5,000 |
| Other |
5 | $550,000 |
$100,500 | $181,000 |
$33,500 | $80,000 |
| White |
1,402 | $138,906,000 |
$98,000 | $486,000 |
$49,000 | $539,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,874 | $185,532,000 |
$98,500 | $486,000 |
$51,000 | $539,000 |
| FHA-insured (Federal Housing Administration) |
4 | $328,000 |
$81,500 | $102,000 |
$42,000 | $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 | $95,000 |
$95,000 | $95,000 |
$65,000 | $65,000 |
| Application Denied By Financial Institution |
34 | $3,137,000 |
$91,500 | $192,000 |
$44,500 | $155,000 |
| Application Withdrawn By Applicant |
533 | $52,664,000 |
$98,000 | $405,000 |
$48,000 | $218,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,307 | $129,662,000 |
$99,000 | $486,000 |
$54,500 | $539,000 |
| Loan Purchased By The Institution |
3 | $302,000 |
$91,000 | $120,000 |
$26,500 | $54,000 |
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| Collateral |
8 | $690,000 |
$86,000 | $171,000 |
$56,000 | $99,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
10 | $945,000 |
$90,000 | $150,000 |
$44,500 | $155,000 |
| Debt-To-Income Ratio |
6 | $508,000 |
$85,000 | $110,000 |
$26,000 | $34,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
5 | $369,000 |
$79,000 | $112,000 |
$49,500 | $110,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
5 | $625,000 |
$127,500 | $192,000 |
$38,500 | $51,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for CREDIT UNION MORTGAGE COMPANY by:
Metropolitan Area And
County
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