| $3,446,236,491 in Mortgage Loans Applied for in 2008 from 17,391,570 Applications |
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F&A FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
F&A FEDERAL CREDIT UNION |
| Address | 2625 CORPORATE PLACE
MONTEREY PARK, CA 91754 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Loan Applications Processed | 611 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $94,162,000 |
| Average Mortgage Loan Amount Applied For | $139,166 |
| Highest Mortgage Loan Amount Applied For | $646,000 |
| Average Applicant Income | $108,791 |
| Highest Applicant Income | $771,000 |
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| Home Improvement |
290 | $37,033,000 |
$127,000 | $500,000 |
$128,000 | $328,000 |
| Home Purchase |
17 | $4,641,000 |
$273,000 | $632,000 |
$119,000 | $277,000 |
| Refinancing |
304 | $52,488,000 |
$172,000 | $646,000 |
$120,000 | $771,000 |
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| American Indian or Alaskan Native |
5 | $406,000 |
$81,000 | $188,000 |
$154,000 | $214,000 |
| Asian |
24 | $5,778,000 |
$240,000 | $646,000 |
$132,000 | $235,000 |
| Black or African American |
14 | $2,755,000 |
$196,000 | $417,000 |
$98,000 | $300,000 |
| Hispanic |
205 | $28,592,000 |
$139,000 | $530,000 |
$113,000 | $771,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $75,000 |
$75,000 | $75,000 |
$11,000 | $11,000 |
| White |
362 | $56,556,000 |
$156,000 | $632,000 |
$130,000 | $334,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
611 | $94,162,000 |
$154,000 | $646,000 |
$124,000 | $771,000 |
| 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 |
185 | $32,211,000 |
$174,000 | $646,000 |
$114,000 | $771,000 |
| Application Withdrawn By Applicant |
58 | $9,897,000 |
$170,000 | $430,000 |
$109,000 | $329,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
368 | $52,054,000 |
$141,000 | $632,000 |
$131,000 | $328,000 |
| 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 |
87 | $14,817,000 |
$170,000 | $646,000 |
$130,000 | $771,000 |
| Credit Application Incomplete |
17 | $2,709,000 |
$159,000 | $480,000 |
$125,000 | $252,000 |
| Credit History |
8 | $1,939,000 |
$242,000 | $530,000 |
$81,000 | $125,000 |
| Debt-To-Income Ratio |
43 | $7,342,000 |
$170,000 | $500,000 |
$82,000 | $233,000 |
| 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 |
28 | $5,214,000 |
$186,000 | $543,000 |
$117,000 | $334,000 |
| Unverifiable Information |
2 | $190,000 |
$95,000 | $150,000 |
$121,000 | $180,000 |
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Mortgage Loan Application Totals for F&A FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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