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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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HARVARD UNIVERSITY EMP CU
Mortgage Loans and Application Details
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| Mortgage Company Name |
HARVARD UNIVERSITY EMP CU |
| Address | 1678 MASSACHUSETTS AVE.
CAMBRIDGE, MA 02138 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 191 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $24,408,000 |
| Average Mortgage Loan Amount Applied For | $114,375 |
| Highest Mortgage Loan Amount Applied For | $804,000 |
| Average Applicant Income | $113,625 |
| Highest Applicant Income | $339,000 |
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| Home Improvement |
90 | $4,247,000 |
$47,000 | $100,000 |
$109,000 | $327,000 |
| Home Purchase |
57 | $17,514,000 |
$307,000 | $804,000 |
$109,000 | $328,000 |
| Refinancing |
50 | $4,343,000 |
$86,000 | $390,000 |
$118,000 | $339,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
13 | $3,740,000 |
$287,000 | $804,000 |
$101,000 | $188,000 |
| Black or African American |
10 | $861,000 |
$86,000 | $350,000 |
$93,000 | $170,000 |
| Hispanic |
4 | $513,000 |
$128,000 | $313,000 |
$128,000 | $179,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
12 | $568,000 |
$47,000 | $100,000 |
$105,000 | $200,000 |
| White |
158 | $20,422,000 |
$129,000 | $528,000 |
$114,000 | $339,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
197 | $26,104,000 |
$132,000 | $804,000 |
$112,000 | $339,000 |
| 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 |
16 | $1,939,000 |
$121,000 | $350,000 |
$113,000 | $262,000 |
| Application Denied By Financial Institution |
13 | $1,294,000 |
$99,000 | $275,000 |
$83,000 | $142,000 |
| Application Withdrawn By Applicant |
3 | $530,000 |
$176,000 | $490,000 |
$75,000 | $100,000 |
| File Closed For Incompleteness |
7 | $688,000 |
$98,000 | $338,000 |
$92,000 | $180,000 |
| Loan Originated |
155 | $20,567,000 |
$132,000 | $804,000 |
$115,000 | $339,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
3 | $1,086,000 |
$362,000 | $446,000 |
$125,000 | $169,000 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
6 | $324,000 |
$54,000 | $100,000 |
$107,000 | $142,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $200,000 |
$200,000 | $200,000 |
$49,000 | $49,000 |
| Debt-To-Income Ratio |
3 | $120,000 |
$40,000 | $50,000 |
$62,000 | $88,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $230,000 |
$230,000 | $230,000 |
$50,000 | $50,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $420,000 |
$210,000 | $275,000 |
$74,000 | $113,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for HARVARD UNIVERSITY EMP CU by:
Metropolitan Area And
County
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