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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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DEPARTMENT OF LABOR FCU
Mortgage Loans and Application Details
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| Mortgage Company Name |
DEPARTMENT OF LABOR FCU |
| Address | 8401 CORPORATE DRIVE, SUITE 600
LANDOVER, MD 20785 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 117 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $16,519,000 |
| Average Mortgage Loan Amount Applied For | $141,230 |
| Highest Mortgage Loan Amount Applied For | $500,000 |
| Average Applicant Income | $104,461 |
| Highest Applicant Income | $238,000 |
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| Home Improvement |
66 | $3,694,000 |
$55,000 | $400,000 |
$96,000 | $238,000 |
| Home Purchase |
14 | $4,165,000 |
$297,000 | $460,000 |
$93,000 | $223,000 |
| Refinancing |
37 | $8,660,000 |
$234,000 | $500,000 |
$84,000 | $232,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $409,000 |
$409,000 | $409,000 |
$85,000 | $85,000 |
| Black or African American |
69 | $9,614,000 |
$139,000 | $500,000 |
$83,000 | $232,000 |
| Hispanic |
8 | $1,189,000 |
$148,000 | $500,000 |
$73,000 | $110,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
39 | $5,307,000 |
$136,000 | $460,000 |
$111,000 | $238,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
117 | $16,519,000 |
$141,000 | $500,000 |
$92,000 | $238,000 |
| 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 |
8 | $406,000 |
$50,000 | $100,000 |
$101,000 | $228,000 |
| Application Denied By Financial Institution |
15 | $3,317,000 |
$221,000 | $500,000 |
$76,000 | $149,000 |
| Application Withdrawn By Applicant |
18 | $4,420,000 |
$245,000 | $409,000 |
$96,000 | $223,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
76 | $8,376,000 |
$110,000 | $500,000 |
$93,000 | $238,000 |
| 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 |
1 | $250,000 |
$250,000 | $250,000 |
$61,000 | $61,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
11 | $2,501,000 |
$227,000 | $500,000 |
$68,000 | $117,000 |
| Debt-To-Income Ratio |
1 | $333,000 |
$333,000 | $333,000 |
$149,000 | $149,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for DEPARTMENT OF LABOR FCU by:
Metropolitan Area And
County
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