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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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EMPIRE FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
EMPIRE FEDERAL CREDIT UNION |
| Address | 515 ERIE BLVD WEST
SYRACUSE, NY 13204 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 924 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $39,536,000 |
| Average Mortgage Loan Amount Applied For | $55,833 |
| Highest Mortgage Loan Amount Applied For | $247,000 |
| Average Applicant Income | $68,666 |
| Highest Applicant Income | $1,747,000 |
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| Home Improvement |
317 | $9,256,000 |
$29,000 | $140,000 |
$65,000 | $289,000 |
| Home Purchase |
243 | $20,966,000 |
$86,000 | $266,000 |
$61,000 | $1,747,000 |
| Refinancing |
614 | $27,214,000 |
$44,000 | $247,000 |
$61,000 | $924,000 |
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| American Indian or Alaskan Native |
2 | $140,000 |
$70,000 | $83,000 |
$65,000 | $103,000 |
| Asian |
2 | $158,000 |
$79,000 | $118,000 |
$104,000 | $123,000 |
| Black or African American |
26 | $1,280,000 |
$49,000 | $86,000 |
$41,000 | $110,000 |
| Hispanic |
5 | $225,000 |
$45,000 | $72,000 |
$43,000 | $51,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $5,000 |
$5,000 | $5,000 |
$26,000 | $26,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
243 | $7,807,000 |
$32,000 | $192,000 |
$70,000 | $1,747,000 |
| White |
895 | $47,821,000 |
$53,000 | $266,000 |
$61,000 | $400,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,174 | $57,436,000 |
$48,000 | $266,000 |
$62,000 | $1,747,000 |
| 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 |
1 | $5,000 |
$5,000 | $5,000 |
$52,000 | $52,000 |
| Application Denied By Financial Institution |
128 | $6,259,000 |
$48,000 | $160,000 |
$44,000 | $126,000 |
| Application Withdrawn By Applicant |
233 | $16,482,000 |
$70,000 | $266,000 |
$59,000 | $289,000 |
| File Closed For Incompleteness |
64 | $1,330,000 |
$20,000 | $124,000 |
$54,000 | $175,000 |
| Loan Originated |
748 | $33,360,000 |
$44,000 | $247,000 |
$67,000 | $1,747,000 |
| 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 |
7 | $336,000 |
$48,000 | $101,000 |
$63,000 | $126,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
50 | $2,875,000 |
$57,000 | $160,000 |
$46,000 | $86,000 |
| Debt-To-Income Ratio |
42 | $1,433,000 |
$34,000 | $93,000 |
$40,000 | $115,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
11 | $684,000 |
$62,000 | $80,000 |
$36,000 | $54,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
4 | $66,000 |
$16,000 | $32,000 |
$47,000 | $65,000 |
| Unverifiable Information |
2 | $33,000 |
$16,000 | $20,000 |
$51,000 | $62,000 |
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Mortgage Loan App Totals for EMPIRE FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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