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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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EDUCATIONAL SYSTEMS FCU
Mortgage Loans and Application Details
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| Mortgage Company Name |
EDUCATIONAL SYSTEMS FCU |
| Address | 7500 GREENWAY CENTER DRIVE SUITE1300
GREENBELT, MD 20770 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 224 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $35,022,000 |
| Average Mortgage Loan Amount Applied For | $187,947 |
| Highest Mortgage Loan Amount Applied For | $665,000 |
| Average Applicant Income | $81,947 |
| Highest Applicant Income | $222,000 |
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| Home Improvement |
72 | $3,976,000 |
$55,000 | $200,000 |
$88,000 | $222,000 |
| Home Purchase |
20 | $5,499,000 |
$274,000 | $665,000 |
$91,000 | $173,000 |
| Refinancing |
132 | $25,547,000 |
$193,000 | $560,000 |
$79,000 | $184,000 |
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| American Indian or Alaskan Native |
1 | $188,000 |
$188,000 | $188,000 |
$41,000 | $41,000 |
| Asian |
2 | $330,000 |
$165,000 | $300,000 |
$143,000 | $184,000 |
| Black or African American |
62 | $9,422,000 |
$151,000 | $500,000 |
$79,000 | $173,000 |
| Hispanic |
1 | $179,000 |
$179,000 | $179,000 |
$74,000 | $74,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
121 | $19,727,000 |
$163,000 | $665,000 |
$86,000 | $222,000 |
| White |
37 | $5,176,000 |
$139,000 | $406,000 |
$78,000 | $156,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
223 | $34,777,000 |
$155,000 | $665,000 |
$83,000 | $222,000 |
| FHA-insured (Federal Housing Administration) |
1 | $245,000 |
$245,000 | $245,000 |
$71,000 | $71,000 |
| 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 |
48 | $11,216,000 |
$233,000 | $665,000 |
$90,000 | $184,000 |
| Application Denied By Financial Institution |
24 | $5,249,000 |
$218,000 | $536,000 |
$63,000 | $145,000 |
| Application Withdrawn By Applicant |
6 | $325,000 |
$54,000 | $100,000 |
$66,000 | $100,000 |
| File Closed For Incompleteness |
2 | $226,000 |
$113,000 | $156,000 |
$96,000 | $120,000 |
| Loan Originated |
144 | $18,006,000 |
$125,000 | $500,000 |
$84,000 | $222,000 |
| 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 | $125,000 |
$125,000 | $125,000 |
$56,000 | $56,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
6 | $1,200,000 |
$200,000 | $389,000 |
$73,000 | $102,000 |
| Debt-To-Income Ratio |
10 | $2,741,000 |
$274,000 | $360,000 |
$50,000 | $81,000 |
| 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 |
3 | $825,000 |
$275,000 | $536,000 |
$87,000 | $145,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for EDUCATIONAL SYSTEMS FCU by:
Metropolitan Area And
County
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