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| $5,279,183,286,000 in Mortgage Loans Applied for in 2007 from 26,605,695 Applications |
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MON-OC FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
MON-OC FEDERAL CREDIT UNION |
| Address | 1372 RT 9
TOMS RIVER, NJ 08755 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2005 |
| Data Years (click a year for detail) | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 671 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $35,494,000 |
| Average Mortgage Loan Amount Applied For | $43,375 |
| Highest Mortgage Loan Amount Applied For | $290,000 |
| Average Applicant Income | $84,250 |
| Highest Applicant Income | $500,000 |
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| Home Improvement |
68 | $3,055,000 |
$44,000 | $288,000 |
$67,000 | $184,000 |
| Home Purchase |
4 | $425,000 |
$106,000 | $220,000 |
$72,000 | $117,000 |
| Refinancing |
599 | $32,014,000 |
$53,000 | $290,000 |
$81,000 | $500,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
9 | $365,000 |
$40,000 | $95,000 |
$100,000 | $145,000 |
| Black or African American |
34 | $1,572,000 |
$46,000 | $135,000 |
$71,000 | $131,000 |
| Hispanic |
30 | $1,785,000 |
$59,000 | $275,000 |
$71,000 | $170,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $63,000 |
$63,000 | $63,000 |
$72,000 | $72,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
81 | $4,751,000 |
$58,000 | $290,000 |
$76,000 | $202,000 |
| White |
516 | $26,958,000 |
$52,000 | $288,000 |
$77,000 | $500,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
670 | $35,469,000 |
$52,000 | $290,000 |
$77,000 | $500,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $25,000 |
$25,000 | $25,000 |
$44,000 | $44,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
30 | $1,527,000 |
$50,000 | $130,000 |
$68,000 | $151,000 |
| Application Denied By Financial Institution |
99 | $5,244,000 |
$52,000 | $275,000 |
$76,000 | $181,000 |
| Application Withdrawn By Applicant |
43 | $3,095,000 |
$71,000 | $288,000 |
$69,000 | $153,000 |
| File Closed For Incompleteness |
44 | $2,537,000 |
$57,000 | $290,000 |
$73,000 | $500,000 |
| Loan Originated |
455 | $23,091,000 |
$50,000 | $250,000 |
$87,000 | $318,000 |
| 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 |
23 | $1,045,000 |
$45,000 | $115,000 |
$81,000 | $150,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
22 | $691,000 |
$31,000 | $69,000 |
$72,000 | $120,000 |
| Debt-To-Income Ratio |
48 | $3,158,000 |
$65,000 | $275,000 |
$70,000 | $163,000 |
| Employment History |
1 | $75,000 |
$75,000 | $75,000 |
$39,000 | $39,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
5 | $275,000 |
$55,000 | $85,000 |
$94,000 | $181,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MON-OC FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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