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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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MOTOROLA EMPLOYEES CU
Mortgage Loans and Application Details
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| Mortgage Company Name |
MOTOROLA EMPLOYEES CU |
| Address | 1205 E ALGONQUIN RD
SCHAUMBURG, IL 60196 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 264 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $57,680,000 |
| Average Mortgage Loan Amount Applied For | $225,625 |
| Highest Mortgage Loan Amount Applied For | $810,000 |
| Average Applicant Income | $110,062 |
| Highest Applicant Income | $281,000 |
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| Home Improvement |
30 | $1,075,000 |
$35,000 | $100,000 |
$103,000 | $250,000 |
| Home Purchase |
138 | $42,786,000 |
$310,000 | $810,000 |
$121,000 | $242,000 |
| Refinancing |
103 | $16,690,000 |
$162,000 | $747,000 |
$107,000 | $281,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
56 | $15,255,000 |
$272,000 | $720,000 |
$124,000 | $230,000 |
| Black or African American |
9 | $1,951,000 |
$216,000 | $498,000 |
$74,000 | $152,000 |
| Hispanic |
13 | $2,877,000 |
$221,000 | $520,000 |
$128,000 | $193,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $92,000 |
$46,000 | $59,000 |
$129,000 | $141,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
44 | $12,065,000 |
$274,000 | $665,000 |
$124,000 | $281,000 |
| White |
147 | $28,311,000 |
$192,000 | $810,000 |
$108,000 | $250,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
271 | $60,551,000 |
$223,000 | $810,000 |
$114,000 | $281,000 |
| 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 |
3 | $423,000 |
$141,000 | $335,000 |
$105,000 | $123,000 |
| Application Denied By Financial Institution |
8 | $1,194,000 |
$149,000 | $520,000 |
$95,000 | $180,000 |
| Application Withdrawn By Applicant |
14 | $3,201,000 |
$228,000 | $560,000 |
$118,000 | $260,000 |
| File Closed For Incompleteness |
7 | $2,128,000 |
$304,000 | $680,000 |
$138,000 | $212,000 |
| Loan Originated |
239 | $53,605,000 |
$224,000 | $810,000 |
$113,000 | $281,000 |
| 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 |
1 | $35,000 |
$35,000 | $35,000 |
$61,000 | $61,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $234,000 |
$117,000 | $175,000 |
$97,000 | $117,000 |
| Debt-To-Income Ratio |
5 | $925,000 |
$185,000 | $520,000 |
$102,000 | $180,000 |
| 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 MOTOROLA EMPLOYEES CU by:
Metropolitan Area And
County
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