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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 ONE
Mortgage Loans and Application Details
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| Mortgage Company Name |
CREDIT UNION ONE |
| Address | 400 E 9 MILE ROAD
FERNDALE, MI 48220 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 727 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $55,270,000 |
| Average Mortgage Loan Amount Applied For | $89,105 |
| Highest Mortgage Loan Amount Applied For | $495,000 |
| Average Applicant Income | $72,842 |
| Highest Applicant Income | $293,000 |
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| Home Improvement |
375 | $9,864,000 |
$26,000 | $170,000 |
$67,000 | $228,000 |
| Home Purchase |
116 | $14,912,000 |
$128,000 | $402,000 |
$64,000 | $293,000 |
| Refinancing |
278 | $35,445,000 |
$127,000 | $495,000 |
$65,000 | $286,000 |
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| American Indian or Alaskan Native |
3 | $268,000 |
$89,000 | $194,000 |
$43,000 | $61,000 |
| Asian |
12 | $1,360,000 |
$113,000 | $209,000 |
$78,000 | $148,000 |
| Black or African American |
66 | $4,010,000 |
$60,000 | $387,000 |
$57,000 | $293,000 |
| Hispanic |
60 | $4,434,000 |
$73,000 | $260,000 |
$52,000 | $228,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $20,000 |
$20,000 | $20,000 |
$120,000 | $120,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
78 | $4,289,000 |
$54,000 | $260,000 |
$64,000 | $170,000 |
| White |
549 | $45,840,000 |
$83,000 | $495,000 |
$69,000 | $286,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
769 | $60,221,000 |
$78,000 | $495,000 |
$66,000 | $293,000 |
| 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 |
201 | $14,530,000 |
$72,000 | $495,000 |
$58,000 | $286,000 |
| Application Withdrawn By Applicant |
80 | $6,849,000 |
$85,000 | $336,000 |
$65,000 | $165,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
487 | $38,576,000 |
$79,000 | $402,000 |
$69,000 | $293,000 |
| Loan Purchased By The Institution |
1 | $266,000 |
$266,000 | $266,000 |
$68,000 | $68,000 |
| 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 |
38 | $1,693,000 |
$44,000 | $162,000 |
$65,000 | $228,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
35 | $745,000 |
$21,000 | $80,000 |
$45,000 | $100,000 |
| Debt-To-Income Ratio |
33 | $2,223,000 |
$67,000 | $359,000 |
$40,000 | $91,000 |
| Employment History |
1 | $51,000 |
$51,000 | $51,000 |
$26,000 | $26,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $143,000 |
$143,000 | $143,000 |
$63,000 | $63,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
91 | $9,507,000 |
$104,000 | $495,000 |
$68,000 | $286,000 |
| Unverifiable Information |
2 | $168,000 |
$84,000 | $128,000 |
$54,000 | $62,000 |
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Mortgage Loan App Totals for CREDIT UNION ONE by:
Metropolitan Area And
County
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