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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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LA FINANCIAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
LA FINANCIAL CREDIT UNION |
| Address | 224 N. FAIROAKS AVENUE
PASADENA, CA 91103 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 91 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $18,857,000 |
| Average Mortgage Loan Amount Applied For | $240,400 |
| Highest Mortgage Loan Amount Applied For | $565,000 |
| Average Applicant Income | $80,200 |
| Highest Applicant Income | $800,000 |
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| Home Improvement |
30 | $1,939,000 |
$64,000 | $250,000 |
$120,000 | $800,000 |
| Home Purchase |
4 | $1,812,000 |
$453,000 | $565,000 |
$187,000 | $349,000 |
| Refinancing |
57 | $15,106,000 |
$265,000 | $470,000 |
$69,000 | $191,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $600,000 |
$300,000 | $565,000 |
$166,000 | $190,000 |
| Black or African American |
15 | $3,464,000 |
$230,000 | $470,000 |
$90,000 | $283,000 |
| Hispanic |
17 | $2,732,000 |
$160,000 | $325,000 |
$63,000 | $115,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $415,000 |
$207,000 | $390,000 |
$109,000 | $147,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
41 | $8,740,000 |
$213,000 | $537,000 |
$102,000 | $800,000 |
| White |
14 | $2,906,000 |
$207,000 | $467,000 |
$79,000 | $237,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
91 | $18,857,000 |
$207,000 | $565,000 |
$91,000 | $800,000 |
| 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 |
10 | $1,598,000 |
$159,000 | $325,000 |
$90,000 | $237,000 |
| Application Denied By Financial Institution |
15 | $4,153,000 |
$276,000 | $467,000 |
$74,000 | $147,000 |
| Application Withdrawn By Applicant |
22 | $4,108,000 |
$186,000 | $470,000 |
$107,000 | $800,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
44 | $8,998,000 |
$204,000 | $565,000 |
$89,000 | $349,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
7 | $1,860,000 |
$265,000 | $390,000 |
$94,000 | $147,000 |
| Debt-To-Income Ratio |
6 | $1,626,000 |
$271,000 | $467,000 |
$49,000 | $82,000 |
| 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 LA FINANCIAL CREDIT UNION by:
Metropolitan Area And
County
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