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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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GREATER ALLIANCE FCU
Mortgage Loans and Application Details
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| Mortgage Company Name |
GREATER ALLIANCE FCU |
| Address | WEST 40 CENTURY ROAD
PARAMUS, NJ 07652 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 283 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $33,241,000 |
| Average Mortgage Loan Amount Applied For | $111,387 |
| Highest Mortgage Loan Amount Applied For | $3,065,000 |
| Average Applicant Income | $142,612 |
| Highest Applicant Income | $3,142,000 |
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| Home Improvement |
43 | $3,215,000 |
$74,000 | $430,000 |
$108,000 | $471,000 |
| Home Purchase |
20 | $4,188,000 |
$209,000 | $448,000 |
$82,000 | $141,000 |
| Refinancing |
220 | $25,838,000 |
$117,000 | $3,065,000 |
$117,000 | $3,142,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
11 | $1,257,000 |
$114,000 | $350,000 |
$117,000 | $203,000 |
| Black or African American |
27 | $3,289,000 |
$121,000 | $369,000 |
$77,000 | $135,000 |
| Hispanic |
27 | $3,035,000 |
$112,000 | $450,000 |
$82,000 | $184,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $54,000 |
$27,000 | $39,000 |
$93,000 | $105,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $70,000 |
$70,000 | $70,000 |
$65,000 | $65,000 |
| White |
215 | $25,536,000 |
$118,000 | $3,065,000 |
$122,000 | $3,142,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
283 | $33,241,000 |
$117,000 | $3,065,000 |
$113,000 | $3,142,000 |
| 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 |
37 | $4,661,000 |
$125,000 | $450,000 |
$77,000 | $186,000 |
| Application Withdrawn By Applicant |
55 | $7,701,000 |
$140,000 | $525,000 |
$152,000 | $3,142,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
191 | $20,879,000 |
$109,000 | $3,065,000 |
$109,000 | $508,000 |
| 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 |
5 | $582,000 |
$116,000 | $369,000 |
$73,000 | $100,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
8 | $1,648,000 |
$206,000 | $450,000 |
$83,000 | $129,000 |
| Debt-To-Income Ratio |
16 | $1,728,000 |
$108,000 | $315,000 |
$78,000 | $186,000 |
| 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 |
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Mortgage Loan App Totals for GREATER ALLIANCE FCU by:
Metropolitan Area And
County
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