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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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EVERETT CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
EVERETT CREDIT UNION |
| Address | 650 BROADWAY
EVERETT, MA 02149 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 77 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $5,433,000 |
| Average Mortgage Loan Amount Applied For | $59,250 |
| Highest Mortgage Loan Amount Applied For | $344,000 |
| Average Applicant Income | $66,250 |
| Highest Applicant Income | $163,000 |
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| Home Improvement |
17 | $1,100,000 |
$64,000 | $200,000 |
$66,000 | $160,000 |
| Home Purchase |
2 | $185,000 |
$92,000 | $125,000 |
$62,000 | $64,000 |
| Refinancing |
58 | $4,148,000 |
$71,000 | $344,000 |
$72,000 | $163,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
5 | $263,000 |
$52,000 | $175,000 |
$45,000 | $56,000 |
| Hispanic |
2 | $170,000 |
$85,000 | $150,000 |
$52,000 | $62,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
7 | $216,000 |
$30,000 | $90,000 |
$59,000 | $83,000 |
| White |
63 | $4,784,000 |
$75,000 | $344,000 |
$75,000 | $163,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
77 | $5,433,000 |
$70,000 | $344,000 |
$71,000 | $163,000 |
| 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 | $175,000 |
$175,000 | $175,000 |
$45,000 | $45,000 |
| Application Denied By Financial Institution |
27 | $1,418,000 |
$52,000 | $200,000 |
$62,000 | $160,000 |
| Application Withdrawn By Applicant |
1 | $125,000 |
$125,000 | $125,000 |
$64,000 | $64,000 |
| File Closed For Incompleteness |
2 | $61,000 |
$30,000 | $40,000 |
$56,000 | $93,000 |
| Loan Originated |
46 | $3,654,000 |
$79,000 | $344,000 |
$77,000 | $163,000 |
| 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 | $385,000 |
$55,000 | $100,000 |
$93,000 | $160,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
4 | $160,000 |
$40,000 | $75,000 |
$65,000 | $83,000 |
| Debt-To-Income Ratio |
14 | $573,000 |
$40,000 | $150,000 |
$55,000 | $86,000 |
| 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 |
1 | $100,000 |
$100,000 | $100,000 |
$9,000 | $9,000 |
| Unverifiable Information |
1 | $200,000 |
$200,000 | $200,000 |
$1,000 | $1,000 |
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Mortgage Loan App Totals for EVERETT CREDIT UNION by:
Metropolitan Area And
County
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