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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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MOUNTAIN AMERICA CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
MOUNTAIN AMERICA CREDIT UNION |
| Address | 7181 SOUTH CAMPUS VIEW DRIVE
WEST JORDAN, UT 84084 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 3,094 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $370,700,000 |
| Average Mortgage Loan Amount Applied For | $107,465 |
| Highest Mortgage Loan Amount Applied For | $989,000 |
| Average Applicant Income | $56,500 |
| Highest Applicant Income | $518,000 |
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| Home Improvement (one-to-four family) |
4 | $539,000 |
$134,000 | $151,000 |
$56,000 | $77,000 |
| Home Purchase (one-to-four family) |
792 | $100,522,000 |
$113,500 | $875,000 |
$60,000 | $518,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
2,298 | $269,639,000 |
$113,454 | $989,000 |
$55,727 | $460,000 |
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| American Indian or Alaskan Native |
6 | $485,000 |
$80,000 | $143,000 |
$56,000 | $94,000 |
| Asian or Pacific Islander |
56 | $6,724,000 |
$95,000 | $270,000 |
$34,500 | $416,000 |
| Black |
6 | $806,000 |
$127,000 | $200,000 |
$60,500 | $120,000 |
| Hispanic |
82 | $9,447,000 |
$110,750 | $875,000 |
$50,250 | $239,000 |
| Information not provided by applicant in mail or telephone application |
84 | $11,218,000 |
$125,600 | $455,000 |
$73,200 | $432,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
23 | $2,600,000 |
$119,000 | $225,000 |
$42,500 | $460,000 |
| White |
2,837 | $339,420,000 |
$113,714 | $989,000 |
$61,285 | $518,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,851 | $347,141,000 |
$111,533 | $989,000 |
$58,333 | $518,000 |
| FHA-insured (Federal Housing Administration) |
229 | $21,645,000 |
$94,000 | $236,000 |
$40,000 | $169,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
14 | $1,914,000 |
$136,000 | $191,000 |
$49,000 | $93,000 |
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| Application Approved But Not Accepted |
104 | $13,674,000 |
$144,600 | $875,000 |
$53,400 | $298,000 |
| Application Denied By Financial Institution |
150 | $14,591,000 |
$86,000 | $355,000 |
$50,250 | $264,000 |
| Application Withdrawn By Applicant |
315 | $36,414,000 |
$101,750 | $647,000 |
$54,250 | $294,000 |
| File Closed For Incompleteness |
6 | $649,000 |
$108,000 | $141,000 |
$46,000 | $66,000 |
| Loan Originated |
2,519 | $305,372,000 |
$113,133 | $989,000 |
$59,600 | $518,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
24 | $2,915,000 |
$130,000 | $222,000 |
$63,333 | $264,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
30 | $2,939,000 |
$94,000 | $210,000 |
$44,000 | $89,000 |
| Debt-To-Income Ratio |
21 | $2,318,000 |
$110,000 | $185,000 |
$51,000 | $137,000 |
| Employment History |
3 | $302,000 |
$100,000 | $144,000 |
$27,000 | $35,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $206,000 |
$103,000 | $127,000 |
$41,000 | $42,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
5 | $527,000 |
$105,000 | $135,000 |
$53,000 | $118,000 |
| Unverifiable Information |
3 | $337,000 |
$112,000 | $125,000 |
$35,000 | $48,000 |
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Mortgage Loan App Totals for MOUNTAIN AMERICA CREDIT UNION by:
Metropolitan Area And
County
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