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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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MICHIGAN FIRST CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
MICHIGAN FIRST CREDIT UNION |
| Address | 27000 EVERGREEN ROAD
LATHRUP VILLAGE, MI 48076 |
| 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 | $3,678,000 |
| Average Mortgage Loan Amount Applied For | $22,200 |
| Highest Mortgage Loan Amount Applied For | $105,000 |
| Average Applicant Income | $52,800 |
| Highest Applicant Income | $283,000 |
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| Home Improvement |
134 | $3,678,000 |
$27,000 | $105,000 |
$56,000 | $283,000 |
| Home Purchase |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
110 | $2,944,000 |
$26,000 | $105,000 |
$52,000 | $240,000 |
| Hispanic |
4 | $87,000 |
$21,000 | $37,000 |
$30,000 | $53,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2 | $104,000 |
$52,000 | $94,000 |
$57,000 | $83,000 |
| White |
18 | $543,000 |
$30,000 | $60,000 |
$86,000 | $283,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
134 | $3,678,000 |
$27,000 | $105,000 |
$56,000 | $283,000 |
| 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 |
31 | $662,000 |
$21,000 | $56,000 |
$49,000 | $240,000 |
| Application Withdrawn By Applicant |
19 | $541,000 |
$28,000 | $105,000 |
$56,000 | $115,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
84 | $2,475,000 |
$29,000 | $102,000 |
$59,000 | $283,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 MICHIGAN FIRST CREDIT UNION by:
Metropolitan Area And
County
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