|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
FEDCOM CREDIT UNION
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
FEDCOM CREDIT UNION |
| Address | 150 ANN STREET NW
GRAND RAPIDS, MI 49505 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 85 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $2,578,000 |
| Average Mortgage Loan Amount Applied For | $39,700 |
| Highest Mortgage Loan Amount Applied For | $152,000 |
| Average Applicant Income | $63,700 |
| Highest Applicant Income | $189,000 |
|
|
|
| Home Improvement |
24 | $453,000 |
$18,000 | $30,000 |
$63,000 | $166,000 |
| Home Purchase |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing |
61 | $2,125,000 |
$34,000 | $152,000 |
$63,000 | $189,000 |
|
|
| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
6 | $161,000 |
$26,000 | $69,000 |
$54,000 | $127,000 |
| Hispanic |
4 | $166,000 |
$41,000 | $100,000 |
$78,000 | $118,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $39,000 |
$39,000 | $39,000 |
$67,000 | $67,000 |
| White |
74 | $2,212,000 |
$29,000 | $152,000 |
$63,000 | $189,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
85 | $2,578,000 |
$30,000 | $152,000 |
$63,000 | $189,000 |
| 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 |
|
|
| Application Approved But Not Accepted |
1 | $27,000 |
$27,000 | $27,000 |
$50,000 | $50,000 |
| Application Denied By Financial Institution |
6 | $129,000 |
$21,000 | $36,000 |
$43,000 | $77,000 |
| Application Withdrawn By Applicant |
2 | $68,000 |
$34,000 | $54,000 |
$62,000 | $70,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
76 | $2,354,000 |
$30,000 | $152,000 |
$65,000 | $189,000 |
| 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 |
|
|
| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
4 | $70,000 |
$17,000 | $29,000 |
$50,000 | $77,000 |
| Debt-To-Income Ratio |
2 | $59,000 |
$29,000 | $36,000 |
$29,000 | $34,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
Mortgage Loan App Totals for FEDCOM CREDIT UNION by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
