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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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LOCKHEED FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
LOCKHEED FEDERAL CREDIT UNION |
| Address | 2340 HOLLYWOOD WAY
BURBANK, CA 91510 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,897 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $498,765,000 |
| Average Mortgage Loan Amount Applied For | $149,855 |
| Highest Mortgage Loan Amount Applied For | $1,915,000 |
| Average Applicant Income | $106,948 |
| Highest Applicant Income | $2,529,000 |
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| Home Improvement |
1,026 | $68,630,000 |
$66,000 | $500,000 |
$99,000 | $1,776,000 |
| Home Purchase |
533 | $195,058,000 |
$365,000 | $1,550,000 |
$120,000 | $1,944,000 |
| Refinancing |
1,614 | $331,433,000 |
$205,000 | $1,915,000 |
$97,000 | $2,529,000 |
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| American Indian or Alaskan Native |
8 | $969,000 |
$121,000 | $553,000 |
$72,000 | $128,000 |
| Asian |
163 | $47,034,000 |
$288,000 | $1,440,000 |
$133,000 | $1,680,000 |
| Black or African American |
128 | $23,095,000 |
$180,000 | $672,000 |
$86,000 | $295,000 |
| Hispanic |
632 | $120,906,000 |
$191,000 | $1,000,000 |
$78,000 | $2,529,000 |
| Native Hawaiin or Other Pacific Islander |
32 | $8,664,000 |
$270,000 | $650,000 |
$101,000 | $186,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
789 | $124,876,000 |
$158,000 | $1,362,000 |
$111,000 | $1,776,000 |
| White |
1,421 | $269,577,000 |
$189,000 | $1,915,000 |
$105,000 | $1,944,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
3,173 | $595,121,000 |
$187,000 | $1,915,000 |
$101,000 | $2,529,000 |
| 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 | $7,765,000 |
$242,000 | $505,000 |
$95,000 | $170,000 |
| Application Denied By Financial Institution |
634 | $151,635,000 |
$239,000 | $1,300,000 |
$104,000 | $1,944,000 |
| Application Withdrawn By Applicant |
587 | $133,897,000 |
$228,000 | $1,550,000 |
$103,000 | $1,680,000 |
| File Closed For Incompleteness |
59 | $16,824,000 |
$285,000 | $1,000,000 |
$95,000 | $343,000 |
| Loan Originated |
1,854 | $281,652,000 |
$151,000 | $1,915,000 |
$100,000 | $2,529,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
3 | $1,540,000 |
$513,000 | $772,000 |
$111,000 | $125,000 |
| Preapproval Denied by Financial Institution |
4 | $1,808,000 |
$452,000 | $750,000 |
$179,000 | $420,000 |
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| Collateral |
15 | $2,521,000 |
$168,000 | $446,000 |
$86,000 | $177,000 |
| Credit Application Incomplete |
128 | $31,193,000 |
$243,000 | $1,300,000 |
$100,000 | $1,250,000 |
| Credit History |
13 | $3,636,000 |
$279,000 | $696,000 |
$106,000 | $203,000 |
| Debt-To-Income Ratio |
46 | $11,911,000 |
$258,000 | $580,000 |
$72,000 | $210,000 |
| Employment History |
2 | $580,000 |
$290,000 | $525,000 |
$71,000 | $77,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
49 | $15,558,000 |
$317,000 | $1,000,000 |
$88,000 | $206,000 |
| Unverifiable Information |
6 | $1,788,000 |
$298,000 | $560,000 |
$72,000 | $174,000 |
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Mortgage Loan App Totals for LOCKHEED FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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