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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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GREYLOCK FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
GREYLOCK FEDERAL CREDIT UNION |
| Address | 150 WEST ST
PITTSFIELD, MA 01201 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 786 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $114,589,000 |
| Average Mortgage Loan Amount Applied For | $200,857 |
| Highest Mortgage Loan Amount Applied For | $1,350,000 |
| Average Applicant Income | $102,000 |
| Highest Applicant Income | $1,334,000 |
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| Home Improvement |
59 | $2,572,000 |
$43,000 | $199,000 |
$65,000 | $180,000 |
| Home Purchase |
604 | $95,286,000 |
$157,000 | $1,350,000 |
$81,000 | $1,334,000 |
| Refinancing |
398 | $57,422,000 |
$144,000 | $950,000 |
$64,000 | $514,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
7 | $2,460,000 |
$351,000 | $891,000 |
$116,000 | $312,000 |
| Black or African American |
19 | $2,882,000 |
$151,000 | $692,000 |
$62,000 | $304,000 |
| Hispanic |
22 | $3,099,000 |
$140,000 | $250,000 |
$47,000 | $92,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $144,000 |
$72,000 | $137,000 |
$21,000 | $43,000 |
| Not applicable |
8 | $2,544,000 |
$318,000 | $680,000 |
$86,000 | $256,000 |
| Not Provided |
47 | $7,494,000 |
$159,000 | $450,000 |
$85,000 | $985,000 |
| White |
956 | $136,657,000 |
$142,000 | $1,350,000 |
$74,000 | $1,334,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,061 | $155,280,000 |
$146,000 | $1,350,000 |
$74,000 | $1,334,000 |
| 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 |
12 | $1,172,000 |
$97,000 | $313,000 |
$63,000 | $143,000 |
| Application Denied By Financial Institution |
132 | $16,040,000 |
$121,000 | $275,000 |
$46,000 | $300,000 |
| Application Withdrawn By Applicant |
93 | $11,683,000 |
$125,000 | $450,000 |
$57,000 | $320,000 |
| File Closed For Incompleteness |
39 | $5,087,000 |
$130,000 | $567,000 |
$55,000 | $193,000 |
| Loan Originated |
780 | $120,559,000 |
$154,000 | $1,350,000 |
$82,000 | $1,334,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
1 | $302,000 |
$302,000 | $302,000 |
$121,000 | $121,000 |
| Preapproval Denied by Financial Institution |
4 | $437,000 |
$109,000 | $124,000 |
$28,000 | $40,000 |
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| Collateral |
2 | $156,000 |
$78,000 | $120,000 |
$41,000 | $60,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
30 | $3,528,000 |
$117,000 | $250,000 |
$51,000 | $300,000 |
| Debt-To-Income Ratio |
10 | $1,490,000 |
$149,000 | $275,000 |
$36,000 | $97,000 |
| Employment History |
2 | $245,000 |
$122,000 | $150,000 |
$35,000 | $41,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
5 | $607,000 |
$121,000 | $150,000 |
$32,000 | $40,000 |
| 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 GREYLOCK FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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