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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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DOWNRIVER COMMUNITY FED CU
Mortgage Loans and Application Details
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| Mortgage Company Name |
DOWNRIVER COMMUNITY FED CU |
| Address | 4320 W JEFFERSON
ECORSE, MI 48229 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 107 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $12,182,000 |
| Average Mortgage Loan Amount Applied For | $142,875 |
| Highest Mortgage Loan Amount Applied For | $437,000 |
| Average Applicant Income | $66,125 |
| Highest Applicant Income | $220,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
33 | $4,663,000 |
$141,000 | $435,000 |
$61,000 | $220,000 |
| Refinancing |
80 | $8,254,000 |
$103,000 | $437,000 |
$57,000 | $190,000 |
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| American Indian or Alaskan Native |
1 | $72,000 |
$72,000 | $72,000 |
$33,000 | $33,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
10 | $614,000 |
$61,000 | $132,000 |
$40,000 | $55,000 |
| Hispanic |
11 | $1,064,000 |
$96,000 | $136,000 |
$59,000 | $126,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
8 | $1,186,000 |
$148,000 | $355,000 |
$60,000 | $115,000 |
| White |
83 | $9,981,000 |
$120,000 | $437,000 |
$61,000 | $220,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
113 | $12,917,000 |
$114,000 | $437,000 |
$59,000 | $220,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
5 | $393,000 |
$78,000 | $144,000 |
$40,000 | $55,000 |
| Application Withdrawn By Applicant |
5 | $818,000 |
$163,000 | $355,000 |
$54,000 | $115,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
103 | $11,706,000 |
$113,000 | $437,000 |
$60,000 | $220,000 |
| 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 | $12,000 |
$12,000 | $12,000 |
$26,000 | $26,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $75,000 |
$75,000 | $75,000 |
$47,000 | $47,000 |
| Debt-To-Income Ratio |
3 | $306,000 |
$102,000 | $144,000 |
$42,000 | $55,000 |
| 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 DOWNRIVER COMMUNITY FED CU by:
Metropolitan Area And
County
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