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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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JERSEY TRADES FCU
Mortgage Loans and Application Details
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| Mortgage Company Name |
JERSEY TRADES FCU |
| Address | 205 CHERRY HILL ROAD
PARSIPPANY, NJ 07054 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 101 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $18,190,000 |
| Average Mortgage Loan Amount Applied For | $181,884 |
| Highest Mortgage Loan Amount Applied For | $439,000 |
| Average Applicant Income | $80,923 |
| Highest Applicant Income | $269,000 |
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| Home Improvement |
21 | $759,000 |
$36,000 | $120,000 |
$100,000 | $269,000 |
| Home Purchase |
37 | $7,954,000 |
$214,000 | $439,000 |
$74,000 | $160,000 |
| Refinancing |
43 | $9,477,000 |
$220,000 | $407,000 |
$79,000 | $151,000 |
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| American Indian or Alaskan Native |
1 | $188,000 |
$188,000 | $188,000 |
$133,000 | $133,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
4 | $597,000 |
$149,000 | $310,000 |
$81,000 | $87,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $340,000 |
$340,000 | $340,000 |
$151,000 | $151,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
62 | $10,303,000 |
$166,000 | $438,000 |
$83,000 | $269,000 |
| White |
33 | $6,762,000 |
$204,000 | $439,000 |
$75,000 | $172,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
101 | $18,190,000 |
$180,000 | $439,000 |
$82,000 | $269,000 |
| 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 |
32 | $7,235,000 |
$226,000 | $439,000 |
$75,000 | $151,000 |
| Application Denied By Financial Institution |
17 | $3,826,000 |
$225,000 | $407,000 |
$75,000 | $116,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
52 | $7,129,000 |
$137,000 | $438,000 |
$88,000 | $269,000 |
| 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 | $563,000 |
$187,000 | $239,000 |
$73,000 | $116,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $169,000 |
$84,000 | $125,000 |
$61,000 | $72,000 |
| Debt-To-Income Ratio |
6 | $1,754,000 |
$292,000 | $407,000 |
$60,000 | $108,000 |
| Employment History |
2 | $475,000 |
$237,000 | $380,000 |
$103,000 | $103,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $615,000 |
$307,000 | $340,000 |
$89,000 | $116,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $210,000 |
$210,000 | $210,000 |
$90,000 | $90,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for JERSEY TRADES FCU by:
Metropolitan Area And
County
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