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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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MERCK EMPLOYEES FCU
Mortgage Loans and Application Details
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| Mortgage Company Name |
MERCK EMPLOYEES FCU |
| Address | 126 E. LINCOLN AVNEUE
RAHWAY, NJ 07065 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 169 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $13,945,000 |
| Average Mortgage Loan Amount Applied For | $65,769 |
| Highest Mortgage Loan Amount Applied For | $417,000 |
| Average Applicant Income | $106,653 |
| Highest Applicant Income | $352,000 |
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| Home Improvement |
129 | $3,349,000 |
$25,000 | $200,000 |
$94,000 | $352,000 |
| Home Purchase |
29 | $8,041,000 |
$277,000 | $427,000 |
$95,000 | $249,000 |
| Refinancing |
21 | $6,040,000 |
$287,000 | $417,000 |
$92,000 | $249,000 |
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| American Indian or Alaskan Native |
1 | $5,000 |
$5,000 | $5,000 |
$10,000 | $10,000 |
| Asian |
1 | $15,000 |
$15,000 | $15,000 |
$78,000 | $78,000 |
| Black or African American |
16 | $3,197,000 |
$199,000 | $427,000 |
$63,000 | $126,000 |
| Hispanic |
11 | $1,712,000 |
$155,000 | $360,000 |
$86,000 | $168,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
102 | $3,736,000 |
$36,000 | $417,000 |
$94,000 | $352,000 |
| White |
48 | $8,765,000 |
$182,000 | $417,000 |
$109,000 | $249,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
179 | $17,430,000 |
$97,000 | $427,000 |
$94,000 | $352,000 |
| 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 |
17 | $2,769,000 |
$162,000 | $417,000 |
$85,000 | $147,000 |
| Application Denied By Financial Institution |
7 | $1,959,000 |
$279,000 | $427,000 |
$74,000 | $115,000 |
| Application Withdrawn By Applicant |
1 | $186,000 |
$186,000 | $186,000 |
$91,000 | $91,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
154 | $12,516,000 |
$81,000 | $417,000 |
$96,000 | $352,000 |
| 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 |
1 | $285,000 |
$285,000 | $285,000 |
$98,000 | $98,000 |
| Debt-To-Income Ratio |
3 | $1,114,000 |
$371,000 | $427,000 |
$63,000 | $71,000 |
| 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 MERCK EMPLOYEES FCU by:
Metropolitan Area And
County
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