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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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MS TELCO FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
MS TELCO FEDERAL CREDIT UNION |
| Address | P O BOX 97997
PEARL, MS 39288 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 55 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $5,873,000 |
| Average Mortgage Loan Amount Applied For | $104,312 |
| Highest Mortgage Loan Amount Applied For | $359,000 |
| Average Applicant Income | $73,000 |
| Highest Applicant Income | $181,000 |
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| Home Improvement |
4 | $268,000 |
$67,000 | $100,000 |
$53,000 | $66,000 |
| Home Purchase |
25 | $2,719,000 |
$108,000 | $279,000 |
$68,000 | $181,000 |
| Refinancing |
37 | $4,135,000 |
$111,000 | $359,000 |
$70,000 | $141,000 |
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| American Indian or Alaskan Native |
1 | $145,000 |
$145,000 | $145,000 |
$52,000 | $52,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
8 | $642,000 |
$80,000 | $125,000 |
$50,000 | $75,000 |
| Hispanic |
3 | $400,000 |
$133,000 | $162,000 |
$80,000 | $85,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2 | $154,000 |
$77,000 | $100,000 |
$20,000 | $41,000 |
| White |
52 | $5,781,000 |
$111,000 | $359,000 |
$73,000 | $181,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
66 | $7,122,000 |
$107,000 | $359,000 |
$68,000 | $181,000 |
| 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 |
2 | $152,000 |
$76,000 | $100,000 |
$56,000 | $66,000 |
| Application Denied By Financial Institution |
11 | $1,180,000 |
$107,000 | $359,000 |
$51,000 | $141,000 |
| Application Withdrawn By Applicant |
1 | $252,000 |
$252,000 | $252,000 |
$138,000 | $138,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
48 | $5,143,000 |
$107,000 | $279,000 |
$73,000 | $181,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
3 | $315,000 |
$105,000 | $175,000 |
$62,000 | $93,000 |
| Preapproval Denied by Financial Institution |
1 | $80,000 |
$80,000 | $80,000 |
$36,000 | $36,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
7 | $471,000 |
$67,000 | $145,000 |
$44,000 | $52,000 |
| Debt-To-Income Ratio |
4 | $430,000 |
$107,000 | $155,000 |
$36,000 | $57,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
1 | $359,000 |
$359,000 | $359,000 |
$141,000 | $141,000 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MS TELCO FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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