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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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FALL RIVER MUNICIPAL CREDIT UN
Mortgage Loans and Application Details
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| Mortgage Company Name |
FALL RIVER MUNICIPAL CREDIT UN |
| Address | 333 MILLIKEN BLVD.
FALL RIVER, MA 02721 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 271 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $39,693,000 |
| Average Mortgage Loan Amount Applied For | $133,400 |
| Highest Mortgage Loan Amount Applied For | $660,000 |
| Average Applicant Income | $59,400 |
| Highest Applicant Income | $227,000 |
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| Home Improvement |
121 | $6,874,000 |
$56,000 | $313,000 |
$72,000 | $204,000 |
| Home Purchase |
94 | $20,916,000 |
$222,000 | $660,000 |
$74,000 | $218,000 |
| Refinancing |
78 | $16,545,000 |
$212,000 | $509,000 |
$73,000 | $227,000 |
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| American Indian or Alaskan Native |
1 | $15,000 |
$15,000 | $15,000 |
$124,000 | $124,000 |
| Asian |
2 | $260,000 |
$130,000 | $200,000 |
$25,000 | $26,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
4 | $381,000 |
$95,000 | $170,000 |
$39,000 | $51,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $30,000 |
$30,000 | $30,000 |
$69,000 | $69,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
285 | $43,649,000 |
$153,000 | $660,000 |
$74,000 | $227,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
293 | $44,335,000 |
$151,000 | $660,000 |
$73,000 | $227,000 |
| 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 |
31 | $4,817,000 |
$155,000 | $415,000 |
$66,000 | $165,000 |
| Application Withdrawn By Applicant |
26 | $4,943,000 |
$190,000 | $302,000 |
$67,000 | $190,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
214 | $29,933,000 |
$139,000 | $660,000 |
$77,000 | $227,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
19 | $4,101,000 |
$215,000 | $428,000 |
$58,000 | $114,000 |
| Preapproval Denied by Financial Institution |
3 | $541,000 |
$180,000 | $250,000 |
$32,000 | $54,000 |
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| Collateral |
3 | $180,000 |
$60,000 | $150,000 |
$137,000 | $165,000 |
| Credit Application Incomplete |
2 | $87,000 |
$43,000 | $59,000 |
$50,000 | $51,000 |
| Credit History |
15 | $2,962,000 |
$197,000 | $415,000 |
$59,000 | $120,000 |
| Debt-To-Income Ratio |
9 | $1,176,000 |
$130,000 | $241,000 |
$44,000 | $88,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
1 | $240,000 |
$240,000 | $240,000 |
$62,000 | $62,000 |
| Other |
4 | $713,000 |
$178,000 | $282,000 |
$75,000 | $110,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FALL RIVER MUNICIPAL CREDIT UN by:
Metropolitan Area And
County
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