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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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FIRST TRUST FEDERAL CREDIT UNI
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST TRUST FEDERAL CREDIT UNI |
| Address | 950 E US HWY 20
MICHIGAN CITY, IN 46360 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 96 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $3,052,000 |
| Average Mortgage Loan Amount Applied For | $32,500 |
| Highest Mortgage Loan Amount Applied For | $159,000 |
| Average Applicant Income | $71,166 |
| Highest Applicant Income | $336,000 |
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| Home Improvement |
57 | $1,253,000 |
$21,000 | $56,000 |
$64,000 | $115,000 |
| Home Purchase |
4 | $188,000 |
$47,000 | $80,000 |
$55,000 | $72,000 |
| Refinancing |
35 | $1,611,000 |
$46,000 | $159,000 |
$85,000 | $336,000 |
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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 |
4 | $105,000 |
$26,000 | $55,000 |
$47,000 | $87,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
92 | $2,947,000 |
$32,000 | $159,000 |
$72,000 | $336,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
96 | $3,052,000 |
$31,000 | $159,000 |
$71,000 | $336,000 |
| 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 |
3 | $95,000 |
$31,000 | $45,000 |
$40,000 | $55,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
93 | $2,957,000 |
$31,000 | $159,000 |
$72,000 | $336,000 |
| 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 |
2 | $50,000 |
$25,000 | $40,000 |
$36,000 | $55,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
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Mortgage Loan App Totals for FIRST TRUST FEDERAL CREDIT UNI by:
Metropolitan Area And
County
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