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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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IBM SOUTHEAST EMPLOYEES' FEDER
Mortgage Loans and Application Details
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| Mortgage Company Name |
IBM SOUTHEAST EMPLOYEES' FEDER |
| Address | 4960 CONFERENCE WAY NORTH, #150
BOCA RATON, FL 33431 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,298 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $125,176,000 |
| Average Mortgage Loan Amount Applied For | $104,335 |
| Highest Mortgage Loan Amount Applied For | $790,000 |
| Average Applicant Income | $89,735 |
| Highest Applicant Income | $1,051,000 |
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| Home Improvement |
929 | $50,617,000 |
$54,000 | $300,000 |
$85,000 | $338,000 |
| Home Purchase |
153 | $32,091,000 |
$209,000 | $790,000 |
$94,000 | $1,051,000 |
| Refinancing |
216 | $42,468,000 |
$196,000 | $630,000 |
$77,000 | $250,000 |
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| American Indian or Alaskan Native |
1 | $560,000 |
$560,000 | $560,000 |
$164,000 | $164,000 |
| Asian |
38 | $4,417,000 |
$116,000 | $417,000 |
$103,000 | $251,000 |
| Black or African American |
278 | $26,646,000 |
$95,000 | $630,000 |
$78,000 | $272,000 |
| Hispanic |
110 | $11,301,000 |
$102,000 | $650,000 |
$76,000 | $240,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $119,000 |
$119,000 | $119,000 |
$67,000 | $67,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
18 | $1,186,000 |
$65,000 | $122,000 |
$80,000 | $204,000 |
| White |
852 | $80,947,000 |
$95,000 | $790,000 |
$88,000 | $1,051,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,297 | $125,126,000 |
$96,000 | $790,000 |
$85,000 | $1,051,000 |
| FHA-insured (Federal Housing Administration) |
1 | $50,000 |
$50,000 | $50,000 |
$131,000 | $131,000 |
| 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 |
3 | $532,000 |
$177,000 | $324,000 |
$80,000 | $133,000 |
| Application Denied By Financial Institution |
66 | $12,058,000 |
$182,000 | $630,000 |
$84,000 | $1,051,000 |
| Application Withdrawn By Applicant |
89 | $18,396,000 |
$206,000 | $650,000 |
$88,000 | $265,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,140 | $94,190,000 |
$82,000 | $790,000 |
$85,000 | $338,000 |
| 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 |
3 | $373,000 |
$124,000 | $181,000 |
$71,000 | $92,000 |
| Credit Application Incomplete |
1 | $200,000 |
$200,000 | $200,000 |
$60,000 | $60,000 |
| Credit History |
31 | $5,283,000 |
$170,000 | $567,000 |
$107,000 | $1,051,000 |
| Debt-To-Income Ratio |
24 | $4,420,000 |
$184,000 | $386,000 |
$56,000 | $172,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $880,000 |
$440,000 | $630,000 |
$122,000 | $139,000 |
| Mortgage Insurance Denied |
1 | $69,000 |
$69,000 | $69,000 |
$70,000 | $70,000 |
| Other |
3 | $608,000 |
$202,000 | $400,000 |
$55,000 | $92,000 |
| Unverifiable Information |
1 | $225,000 |
$225,000 | $225,000 |
$112,000 | $112,000 |
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Mortgage Loan App Totals for IBM SOUTHEAST EMPLOYEES' FEDER by:
Metropolitan Area And
County
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