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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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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 | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,120 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $137,227,000 |
| Average Mortgage Loan Amount Applied For | $97,057 |
| Highest Mortgage Loan Amount Applied For | $540,000 |
| Average Applicant Income | $94,085 |
| Highest Applicant Income | $480,000 |
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| Home Improvement |
1,093 | $130,816,000 |
$119,000 | $500,000 |
$113,000 | $480,000 |
| Home Purchase |
1 | $50,000 |
$50,000 | $50,000 |
$81,000 | $81,000 |
| Refinancing |
26 | $6,361,000 |
$244,000 | $540,000 |
$95,000 | $240,000 |
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| American Indian or Alaskan Native |
4 | $355,000 |
$88,000 | $150,000 |
$95,000 | $178,000 |
| Asian |
57 | $8,446,000 |
$148,000 | $500,000 |
$116,000 | $444,000 |
| Black or African American |
49 | $5,211,000 |
$106,000 | $350,000 |
$106,000 | $224,000 |
| Hispanic |
396 | $40,251,000 |
$101,000 | $540,000 |
$102,000 | $373,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $50,000 |
$25,000 | $25,000 |
$107,000 | $137,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
3 | $1,050,000 |
$350,000 | $500,000 |
$165,000 | $191,000 |
| White |
609 | $81,864,000 |
$134,000 | $500,000 |
$119,000 | $480,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,120 | $137,227,000 |
$122,000 | $540,000 |
$112,000 | $480,000 |
| 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 |
121 | $14,344,000 |
$118,000 | $540,000 |
$93,000 | $199,000 |
| Application Withdrawn By Applicant |
64 | $7,644,000 |
$119,000 | $417,000 |
$115,000 | $308,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
935 | $115,239,000 |
$123,000 | $500,000 |
$115,000 | $480,000 |
| 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 |
30 | $2,997,000 |
$99,000 | $400,000 |
$92,000 | $166,000 |
| Credit Application Incomplete |
4 | $264,000 |
$66,000 | $94,000 |
$104,000 | $168,000 |
| Credit History |
6 | $1,150,000 |
$191,000 | $540,000 |
$111,000 | $150,000 |
| Debt-To-Income Ratio |
34 | $5,353,000 |
$157,000 | $500,000 |
$85,000 | $172,000 |
| 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 |
46 | $4,555,000 |
$99,000 | $360,000 |
$96,000 | $199,000 |
| Unverifiable Information |
1 | $25,000 |
$25,000 | $25,000 |
$49,000 | $49,000 |
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Mortgage Loan App Totals for F&A FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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