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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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GREENWOOD CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
GREENWOOD CREDIT UNION |
| Address | 2669 POST ROAD
WARWICK, RI 02886 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 480 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $69,518,000 |
| Average Mortgage Loan Amount Applied For | $271,689 |
| Highest Mortgage Loan Amount Applied For | $1,156,000 |
| Average Applicant Income | $124,965 |
| Highest Applicant Income | $761,000 |
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| Home Improvement |
87 | $4,022,000 |
$46,000 | $288,000 |
$76,000 | $219,000 |
| Home Purchase |
53 | $8,869,000 |
$167,000 | $488,000 |
$105,000 | $254,000 |
| Refinancing |
340 | $56,627,000 |
$166,000 | $1,156,000 |
$85,000 | $761,000 |
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| American Indian or Alaskan Native |
3 | $370,000 |
$123,000 | $308,000 |
$64,000 | $70,000 |
| Asian |
5 | $1,278,000 |
$255,000 | $345,000 |
$126,000 | $182,000 |
| Black or African American |
13 | $2,210,000 |
$170,000 | $384,000 |
$77,000 | $134,000 |
| Hispanic |
14 | $2,559,000 |
$182,000 | $400,000 |
$65,000 | $120,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $280,000 |
$280,000 | $280,000 |
$62,000 | $62,000 |
| Not applicable |
1 | $230,000 |
$230,000 | $230,000 |
$66,000 | $66,000 |
| Not Provided |
7 | $1,655,000 |
$236,000 | $454,000 |
$85,000 | $239,000 |
| White |
436 | $60,936,000 |
$139,000 | $1,156,000 |
$86,000 | $761,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
473 | $67,879,000 |
$143,000 | $1,156,000 |
$85,000 | $761,000 |
| FHA-insured (Federal Housing Administration) |
7 | $1,639,000 |
$234,000 | $280,000 |
$88,000 | $134,000 |
| 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 |
13 | $1,027,000 |
$79,000 | $323,000 |
$50,000 | $87,000 |
| Application Withdrawn By Applicant |
15 | $3,365,000 |
$224,000 | $560,000 |
$77,000 | $156,000 |
| File Closed For Incompleteness |
2 | $90,000 |
$45,000 | $80,000 |
$41,000 | $49,000 |
| Loan Originated |
450 | $65,036,000 |
$144,000 | $1,156,000 |
$87,000 | $761,000 |
| 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 |
1 | $25,000 |
$25,000 | $25,000 |
$87,000 | $87,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $32,000 |
$16,000 | $22,000 |
$34,000 | $50,000 |
| Debt-To-Income Ratio |
7 | $433,000 |
$61,000 | $150,000 |
$49,000 | $70,000 |
| 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 |
3 | $537,000 |
$179,000 | $323,000 |
$52,000 | $84,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for GREENWOOD CREDIT UNION by:
Metropolitan Area And
County
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