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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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MELROSE CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
MELROSE CREDIT UNION |
| Address | 139-30 QUEENS BLVD
BRIARWOOD, NY 11435 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 134 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $38,663,000 |
| Average Mortgage Loan Amount Applied For | $299,000 |
| Highest Mortgage Loan Amount Applied For | $632,000 |
| Average Applicant Income | $75,461 |
| Highest Applicant Income | $338,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
75 | $22,591,000 |
$301,000 | $632,000 |
$80,000 | $317,000 |
| Refinancing |
59 | $16,072,000 |
$272,000 | $562,000 |
$67,000 | $338,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
36 | $10,098,000 |
$280,000 | $632,000 |
$74,000 | $248,000 |
| Black or African American |
16 | $4,385,000 |
$274,000 | $456,000 |
$66,000 | $338,000 |
| Hispanic |
15 | $4,814,000 |
$320,000 | $560,000 |
$43,000 | $118,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $802,000 |
$401,000 | $533,000 |
$32,000 | $64,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
4 | $776,000 |
$194,000 | $229,000 |
$115,000 | $224,000 |
| White |
61 | $17,788,000 |
$291,000 | $625,000 |
$84,000 | $317,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
134 | $38,663,000 |
$288,000 | $632,000 |
$75,000 | $338,000 |
| 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 |
5 | $1,692,000 |
$338,000 | $632,000 |
$83,000 | $248,000 |
| Application Denied By Financial Institution |
5 | $1,470,000 |
$294,000 | $530,000 |
$67,000 | $138,000 |
| Application Withdrawn By Applicant |
7 | $2,665,000 |
$380,000 | $562,000 |
$68,000 | $175,000 |
| File Closed For Incompleteness |
5 | $1,980,000 |
$396,000 | $500,000 |
$58,000 | $192,000 |
| Loan Originated |
112 | $30,856,000 |
$275,000 | $625,000 |
$76,000 | $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 |
1 | $95,000 |
$95,000 | $95,000 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $700,000 |
$350,000 | $530,000 |
$69,000 | $138,000 |
| Debt-To-Income Ratio |
1 | $500,000 |
$500,000 | $500,000 |
$90,000 | $90,000 |
| 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 |
1 | $175,000 |
$175,000 | $175,000 |
$108,000 | $108,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MELROSE CREDIT UNION by:
Metropolitan Area And
County
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