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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 | 450 E 22ND STREET, STE 240
LOMBARD, IL 60148 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2005 |
| All Data Years | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 440 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $70,260,000 |
| Average Mortgage Loan Amount Applied For | $125,792 |
| Highest Mortgage Loan Amount Applied For | $594,000 |
| Average Applicant Income | $64,490 |
| Highest Applicant Income | $547,000 |
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| Home Improvement |
3 | $403,000 |
$134,000 | $156,000 |
$58,000 | $90,000 |
| Home Purchase |
403 | $63,017,000 |
$157,625 | $519,000 |
$81,625 | $630,000 |
| Refinancing |
241 | $38,569,000 |
$129,200 | $594,000 |
$84,300 | $226,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
9 | $2,246,000 |
$243,500 | $350,000 |
$97,500 | $150,000 |
| Black or African American |
120 | $15,947,000 |
$133,833 | $284,000 |
$69,166 | $226,000 |
| Hispanic |
64 | $10,801,000 |
$191,333 | $469,000 |
$79,000 | $630,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $80,000 |
$80,000 | $80,000 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
9 | $1,720,000 |
$164,500 | $594,000 |
$45,000 | $156,000 |
| White |
444 | $71,195,000 |
$150,750 | $519,000 |
$80,812 | $618,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
589 | $93,088,000 |
$150,368 | $594,000 |
$81,526 | $630,000 |
| FHA-insured (Federal Housing Administration) |
47 | $7,464,000 |
$164,000 | $295,000 |
$50,000 | $149,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
11 | $1,437,000 |
$122,500 | $200,000 |
$36,500 | $70,000 |
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| Application Approved But Not Accepted |
409 | $62,153,000 |
$163,846 | $594,000 |
$76,923 | $630,000 |
| Application Denied By Financial Institution |
78 | $11,447,000 |
$101,600 | $425,000 |
$55,800 | $140,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
4 | $909,000 |
$242,000 | $350,000 |
$77,000 | $129,000 |
| Loan Originated |
156 | $27,480,000 |
$123,818 | $519,000 |
$76,181 | $226,000 |
| 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 |
6 | $1,511,000 |
$241,000 | $320,000 |
$59,500 | $140,000 |
| Credit Application Incomplete |
2 | $365,000 |
$182,000 | $240,000 |
$59,000 | $62,000 |
| Credit History |
27 | $3,467,000 |
$98,666 | $260,000 |
$31,666 | $99,000 |
| Debt-To-Income Ratio |
11 | $2,187,000 |
$190,500 | $425,000 |
$43,500 | $88,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $393,000 |
$119,000 | $230,000 |
$43,500 | $55,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
9 | $551,000 |
$59,000 | $158,000 |
$66,333 | $108,000 |
| Unverifiable Information |
3 | $536,000 |
$178,000 | $250,000 |
$81,000 | $107,000 |
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Mortgage Loan App Totals for CU/AMERICA FINANCIAL SERVICES by:
Metropolitan Area And
County
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