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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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HOWMET CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
HOWMET CREDIT UNION |
| Address | 2151 COGSWELL DR
WHITEHALL, MI 49461 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 128 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $8,342,000 |
| Average Mortgage Loan Amount Applied For | $92,833 |
| Highest Mortgage Loan Amount Applied For | $221,000 |
| Average Applicant Income | $69,166 |
| Highest Applicant Income | $170,000 |
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| Home Improvement |
1 | $10,000 |
$10,000 | $10,000 |
$69,000 | $69,000 |
| Home Purchase |
9 | $833,000 |
$92,000 | $214,000 |
$53,000 | $97,000 |
| Refinancing |
135 | $8,396,000 |
$62,000 | $221,000 |
$57,000 | $170,000 |
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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 |
3 | $183,000 |
$61,000 | $77,000 |
$40,000 | $66,000 |
| Hispanic |
5 | $348,000 |
$69,000 | $102,000 |
$70,000 | $90,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $146,000 |
$73,000 | $115,000 |
$91,000 | $111,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
4 | $151,000 |
$37,000 | $54,000 |
$29,000 | $69,000 |
| White |
131 | $8,411,000 |
$64,000 | $221,000 |
$57,000 | $170,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
145 | $9,239,000 |
$63,000 | $221,000 |
$57,000 | $170,000 |
| 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 |
1 | $205,000 |
$205,000 | $205,000 |
$52,000 | $52,000 |
| Application Denied By Financial Institution |
4 | $214,000 |
$53,000 | $72,000 |
$53,000 | $91,000 |
| Application Withdrawn By Applicant |
12 | $516,000 |
$43,000 | $126,000 |
$57,000 | $150,000 |
| File Closed For Incompleteness |
1 | $37,000 |
$37,000 | $37,000 |
$26,000 | $26,000 |
| Loan Originated |
127 | $8,267,000 |
$65,000 | $221,000 |
$57,000 | $170,000 |
| 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 | $107,000 |
$53,000 | $72,000 |
$42,000 | $57,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $107,000 |
$53,000 | $57,000 |
$64,000 | $91,000 |
| 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 HOWMET CREDIT UNION by:
Metropolitan Area And
County
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