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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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DFCU FINANCIAL FEDERAL CU
Mortgage Loans and Application Details
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| Mortgage Company Name |
DFCU FINANCIAL FEDERAL CU |
| Address | 400 TOWN CENTER DRIVE
DEARBORN, MI 48126 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,344 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $195,072,000 |
| Average Mortgage Loan Amount Applied For | $102,840 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $92,880 |
| Highest Applicant Income | $1,164,000 |
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| Home Improvement |
503 | $15,695,000 |
$31,000 | $325,000 |
$89,000 | $1,164,000 |
| Home Purchase |
738 | $121,028,000 |
$163,000 | $1,000,000 |
$76,000 | $386,000 |
| Refinancing |
1,444 | $124,060,000 |
$85,000 | $1,000,000 |
$85,000 | $945,000 |
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| American Indian or Alaskan Native |
10 | $943,000 |
$94,000 | $200,000 |
$87,000 | $150,000 |
| Asian |
118 | $17,931,000 |
$151,000 | $900,000 |
$112,000 | $610,000 |
| Black or African American |
295 | $23,830,000 |
$80,000 | $596,000 |
$64,000 | $480,000 |
| Hispanic |
73 | $4,907,000 |
$67,000 | $380,000 |
$74,000 | $280,000 |
| Native Hawaiin or Other Pacific Islander |
12 | $401,000 |
$33,000 | $73,000 |
$108,000 | $240,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
155 | $17,941,000 |
$115,000 | $650,000 |
$98,000 | $1,164,000 |
| White |
2,022 | $194,830,000 |
$96,000 | $1,000,000 |
$84,000 | $945,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,685 | $260,783,000 |
$97,000 | $1,000,000 |
$83,000 | $1,164,000 |
| 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 |
395 | $27,612,000 |
$69,000 | $650,000 |
$91,000 | $920,000 |
| Application Denied By Financial Institution |
303 | $19,327,000 |
$63,000 | $470,000 |
$74,000 | $840,000 |
| Application Withdrawn By Applicant |
116 | $19,138,000 |
$164,000 | $1,000,000 |
$78,000 | $452,000 |
| File Closed For Incompleteness |
2 | $338,000 |
$169,000 | $186,000 |
$79,000 | $83,000 |
| Loan Originated |
1,588 | $140,761,000 |
$88,000 | $650,000 |
$85,000 | $1,164,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
232 | $47,241,000 |
$203,000 | $1,000,000 |
$81,000 | $386,000 |
| Preapproval Denied by Financial Institution |
49 | $6,366,000 |
$129,000 | $270,000 |
$45,000 | $98,000 |
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| Collateral |
139 | $8,295,000 |
$59,000 | $470,000 |
$87,000 | $610,000 |
| Credit Application Incomplete |
3 | $401,000 |
$133,000 | $151,000 |
$61,000 | $98,000 |
| Credit History |
109 | $5,888,000 |
$54,000 | $233,000 |
$62,000 | $840,000 |
| Debt-To-Income Ratio |
43 | $5,662,000 |
$131,000 | $380,000 |
$48,000 | $230,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $395,000 |
$197,000 | $270,000 |
$49,000 | $60,000 |
| Mortgage Insurance Denied |
1 | $71,000 |
$71,000 | $71,000 |
$30,000 | $30,000 |
| Other |
33 | $2,207,000 |
$66,000 | $360,000 |
$70,000 | $207,000 |
| Unverifiable Information |
2 | $76,000 |
$38,000 | $68,000 |
$32,000 | $47,000 |
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Mortgage Loan App Totals for DFCU FINANCIAL FEDERAL CU by:
Metropolitan Area And
County
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