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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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MMCU
Mortgage Loans and Application Details
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| Mortgage Company Name |
MMCU |
| Address | 5656 SOUTH PACKARD AVE
CUDAHY, WI 53110 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 646 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $28,591,000 |
| Average Mortgage Loan Amount Applied For | $42,371 |
| Highest Mortgage Loan Amount Applied For | $475,000 |
| Average Applicant Income | $44,838 |
| Highest Applicant Income | $231,000 |
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| Home Improvement |
30 | $752,000 |
$25,000 | $61,000 |
$57,000 | $126,000 |
| Home Purchase |
572 | $24,503,000 |
$42,000 | $272,000 |
$44,000 | $231,000 |
| Refinancing |
44 | $3,336,000 |
$75,000 | $475,000 |
$55,000 | $184,000 |
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| American Indian or Alaskan Native |
2 | $70,000 |
$35,000 | $43,000 |
$29,000 | $32,000 |
| Asian |
3 | $98,000 |
$32,000 | $34,000 |
$49,000 | $82,000 |
| Black or African American |
21 | $1,195,000 |
$56,000 | $475,000 |
$61,000 | $184,000 |
| Hispanic |
9 | $517,000 |
$57,000 | $184,000 |
$44,000 | $67,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $57,000 |
$28,000 | $42,000 |
$57,000 | $70,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
10 | $513,000 |
$51,000 | $170,000 |
$41,000 | $73,000 |
| White |
599 | $26,141,000 |
$43,000 | $272,000 |
$45,000 | $231,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
646 | $28,591,000 |
$44,000 | $475,000 |
$45,000 | $231,000 |
| 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 |
196 | $8,581,000 |
$43,000 | $184,000 |
$45,000 | $231,000 |
| Application Denied By Financial Institution |
6 | $390,000 |
$65,000 | $109,000 |
$50,000 | $96,000 |
| Application Withdrawn By Applicant |
55 | $2,434,000 |
$44,000 | $107,000 |
$46,000 | $105,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
389 | $17,186,000 |
$44,000 | $475,000 |
$45,000 | $199,000 |
| 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 |
2 | $157,000 |
$78,000 | $109,000 |
$42,000 | $55,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
2 | $130,000 |
$65,000 | $98,000 |
$73,000 | $96,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $103,000 |
$51,000 | $73,000 |
$36,000 | $54,000 |
| 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 MMCU by:
Metropolitan Area And
County
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