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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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MEMPHIS AREA TEACHERS CR UN
Mortgage Loans and Application Details
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| Mortgage Company Name |
MEMPHIS AREA TEACHERS CR UN |
| Address | 7845 HIGHWAY 64
MEMPHIS, TN 38133 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 315 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $27,000,000 |
| Average Mortgage Loan Amount Applied For | $71,000 |
| Highest Mortgage Loan Amount Applied For | $423,000 |
| Average Applicant Income | $66,125 |
| Highest Applicant Income | $810,000 |
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| Home Improvement |
34 | $949,000 |
$27,000 | $100,000 |
$67,000 | $166,000 |
| Home Purchase |
233 | $29,820,000 |
$127,000 | $423,000 |
$59,000 | $336,000 |
| Refinancing |
220 | $17,909,000 |
$81,000 | $423,000 |
$68,000 | $810,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
11 | $1,468,000 |
$133,000 | $300,000 |
$81,000 | $165,000 |
| Black or African American |
240 | $23,799,000 |
$99,000 | $423,000 |
$56,000 | $810,000 |
| Hispanic |
2 | $112,000 |
$56,000 | $86,000 |
$29,000 | $38,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
59 | $4,783,000 |
$81,000 | $270,000 |
$68,000 | $166,000 |
| White |
175 | $18,516,000 |
$105,000 | $423,000 |
$70,000 | $243,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
487 | $48,678,000 |
$99,000 | $423,000 |
$63,000 | $810,000 |
| 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 |
115 | $15,257,000 |
$132,000 | $400,000 |
$63,000 | $336,000 |
| Application Denied By Financial Institution |
110 | $10,646,000 |
$96,000 | $270,000 |
$44,000 | $161,000 |
| Application Withdrawn By Applicant |
48 | $5,806,000 |
$120,000 | $280,000 |
$62,000 | $165,000 |
| File Closed For Incompleteness |
3 | $434,000 |
$144,000 | $220,000 |
$50,000 | $82,000 |
| Loan Originated |
211 | $16,535,000 |
$78,000 | $423,000 |
$74,000 | $810,000 |
| 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 |
4 | $336,000 |
$84,000 | $135,000 |
$57,000 | $111,000 |
| Credit Application Incomplete |
2 | $267,000 |
$133,000 | $170,000 |
$40,000 | $50,000 |
| Credit History |
66 | $6,163,000 |
$93,000 | $270,000 |
$48,000 | $161,000 |
| Debt-To-Income Ratio |
31 | $3,297,000 |
$106,000 | $250,000 |
$35,000 | $110,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
4 | $391,000 |
$97,000 | $165,000 |
$48,000 | $69,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $100,000 |
$50,000 | $90,000 |
$40,000 | $49,000 |
| Unverifiable Information |
1 | $92,000 |
$92,000 | $92,000 |
$44,000 | $44,000 |
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Mortgage Loan App Totals for MEMPHIS AREA TEACHERS CR UN by:
Metropolitan Area And
County
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