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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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DIRECT FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
DIRECT FEDERAL CREDIT UNION |
| Address | 50 CABOT STREET
NEEDHAM, MA 02494 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 351 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $88,687,000 |
| Average Mortgage Loan Amount Applied For | $225,615 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $108,384 |
| Highest Applicant Income | $604,000 |
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| Home Improvement |
1 | $304,000 |
$304,000 | $304,000 |
$98,000 | $98,000 |
| Home Purchase |
248 | $73,549,000 |
$296,000 | $920,000 |
$106,000 | $604,000 |
| Refinancing |
270 | $66,079,000 |
$244,000 | $1,000,000 |
$97,000 | $520,000 |
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| American Indian or Alaskan Native |
1 | $120,000 |
$120,000 | $120,000 |
$88,000 | $88,000 |
| Asian |
7 | $1,413,000 |
$201,000 | $436,000 |
$137,000 | $360,000 |
| Black or African American |
14 | $3,958,000 |
$282,000 | $400,000 |
$73,000 | $122,000 |
| Hispanic |
10 | $3,262,000 |
$326,000 | $720,000 |
$118,000 | $300,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $175,000 |
$175,000 | $175,000 |
$105,000 | $105,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
216 | $63,367,000 |
$293,000 | $920,000 |
$102,000 | $604,000 |
| White |
270 | $67,637,000 |
$250,000 | $1,000,000 |
$101,000 | $480,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
519 | $139,932,000 |
$269,000 | $1,000,000 |
$101,000 | $604,000 |
| 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 |
101 | $27,670,000 |
$273,000 | $845,000 |
$117,000 | $604,000 |
| Application Denied By Financial Institution |
124 | $35,276,000 |
$284,000 | $1,000,000 |
$85,000 | $480,000 |
| Application Withdrawn By Applicant |
14 | $3,058,000 |
$218,000 | $400,000 |
$85,000 | $180,000 |
| File Closed For Incompleteness |
19 | $5,391,000 |
$283,000 | $600,000 |
$119,000 | $300,000 |
| Loan Originated |
176 | $40,665,000 |
$231,000 | $672,000 |
$100,000 | $520,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
85 | $27,872,000 |
$327,000 | $920,000 |
$107,000 | $466,000 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
1 | $200,000 |
$200,000 | $200,000 |
$67,000 | $67,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
18 | $5,551,000 |
$308,000 | $1,000,000 |
$127,000 | $276,000 |
| Debt-To-Income Ratio |
44 | $13,180,000 |
$299,000 | $712,000 |
$76,000 | $200,000 |
| 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 |
59 | $16,048,000 |
$272,000 | $567,000 |
$82,000 | $480,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for DIRECT FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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