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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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MAYO EMPLOYEES FCU
Mortgage Loans and Application Details
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| Mortgage Company Name |
MAYO EMPLOYEES FCU |
| Address | 130 23RD AVENUE SW
ROCHESTER, MN 55902 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2005 |
| All Data Years | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 673 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $33,869,000 |
| Average Mortgage Loan Amount Applied For | $59,593 |
| Highest Mortgage Loan Amount Applied For | $357,000 |
| Average Applicant Income | $76,218 |
| Highest Applicant Income | $355,000 |
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| Home Improvement |
264 | $7,571,000 |
$28,600 | $110,000 |
$74,600 | $270,000 |
| Home Purchase |
89 | $11,934,000 |
$126,666 | $357,000 |
$69,166 | $320,000 |
| Refinancing |
320 | $14,364,000 |
$43,750 | $200,000 |
$71,000 | $355,000 |
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| American Indian or Alaskan Native |
1 | $77,000 |
$77,000 | $77,000 |
$255,000 | $255,000 |
| Asian |
28 | $2,175,000 |
$47,000 | $357,000 |
$89,000 | $270,000 |
| Black or African American |
11 | $962,000 |
$86,000 | $284,000 |
$107,000 | $192,000 |
| Hispanic |
8 | $424,000 |
$43,000 | $106,000 |
$71,000 | $165,000 |
| Native Hawaiin or Other Pacific Islander |
4 | $455,000 |
$113,000 | $134,000 |
$88,000 | $185,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
42 | $3,559,000 |
$66,750 | $275,000 |
$66,750 | $173,000 |
| White |
579 | $26,217,000 |
$59,666 | $291,000 |
$77,166 | $355,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
673 | $33,869,000 |
$61,142 | $357,000 |
$73,857 | $355,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
8 | $408,000 |
$51,000 | $170,000 |
$54,000 | $85,000 |
| Application Withdrawn By Applicant |
4 | $74,000 |
$18,000 | $30,000 |
$84,000 | $116,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
661 | $33,387,000 |
$61,142 | $357,000 |
$74,428 | $355,000 |
| 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 |
1 | $8,000 |
$8,000 | $8,000 |
$34,000 | $34,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $82,000 |
$82,000 | $82,000 |
$41,000 | $41,000 |
| Debt-To-Income Ratio |
6 | $318,000 |
$53,000 | $170,000 |
$59,000 | $85,000 |
| 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 MAYO EMPLOYEES FCU by:
Metropolitan Area And
County
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