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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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CU/AMERICA FINANCIAL SERVICES
Mortgage Loans and Application Details
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| Mortgage Company Name |
CU/AMERICA FINANCIAL SERVICES |
| Address | CU/AMERICA FINANCIAL SERVICES
450 E 22ND STREET, STE240, IL 60148 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 313 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $57,274,000 |
| Average Mortgage Loan Amount Applied For | $153,285 |
| Highest Mortgage Loan Amount Applied For | $572,000 |
| Average Applicant Income | $83,142 |
| Highest Applicant Income | $440,000 |
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| Home Improvement |
2 | $442,000 |
$221,000 | $222,000 |
$99,000 | $120,000 |
| Home Purchase |
155 | $26,846,000 |
$173,000 | $505,000 |
$70,000 | $440,000 |
| Refinancing |
169 | $32,909,000 |
$194,000 | $572,000 |
$68,000 | $215,000 |
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| American Indian or Alaskan Native |
6 | $425,000 |
$70,000 | $128,000 |
$65,000 | $110,000 |
| Asian |
7 | $1,898,000 |
$271,000 | $506,000 |
$87,000 | $200,000 |
| Black or African American |
67 | $12,041,000 |
$179,000 | $553,000 |
$65,000 | $440,000 |
| Hispanic |
62 | $12,582,000 |
$202,000 | $525,000 |
$61,000 | $216,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $175,000 |
$175,000 | $175,000 |
$46,000 | $46,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $215,000 |
$215,000 | $215,000 |
$26,000 | $26,000 |
| White |
182 | $32,861,000 |
$180,000 | $572,000 |
$74,000 | $237,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
268 | $50,741,000 |
$189,000 | $572,000 |
$70,000 | $440,000 |
| FHA-insured (Federal Housing Administration) |
56 | $8,998,000 |
$160,000 | $309,000 |
$63,000 | $126,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
2 | $458,000 |
$229,000 | $279,000 |
$84,000 | $117,000 |
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| Application Approved But Not Accepted |
109 | $19,513,000 |
$179,000 | $506,000 |
$63,000 | $215,000 |
| Application Denied By Financial Institution |
90 | $17,292,000 |
$192,000 | $553,000 |
$61,000 | $440,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
127 | $23,392,000 |
$184,000 | $572,000 |
$81,000 | $237,000 |
| 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 | $597,000 |
$149,000 | $335,000 |
$74,000 | $99,000 |
| Credit Application Incomplete |
2 | $356,000 |
$178,000 | $250,000 |
$17,000 | $34,000 |
| Credit History |
17 | $3,768,000 |
$221,000 | $505,000 |
$58,000 | $136,000 |
| Debt-To-Income Ratio |
12 | $2,178,000 |
$181,000 | $320,000 |
$47,000 | $118,000 |
| Employment History |
1 | $20,000 |
$20,000 | $20,000 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $145,000 |
$145,000 | $145,000 |
$35,000 | $35,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
31 | $5,977,000 |
$192,000 | $553,000 |
$76,000 | $440,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for CU/AMERICA FINANCIAL SERVICES by:
Metropolitan Area And
County
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