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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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MUNICIPAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
MUNICIPAL CREDIT UNION |
| Address | 22 CORTLANDT STREET 23RD FLOOR
NEW YORK, NY 10007 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 817 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $218,053,000 |
| Average Mortgage Loan Amount Applied For | $237,233 |
| Highest Mortgage Loan Amount Applied For | $827,000 |
| Average Applicant Income | $85,200 |
| Highest Applicant Income | $346,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
270 | $69,817,000 |
$258,000 | $680,000 |
$81,000 | $333,000 |
| Refinancing |
553 | $149,745,000 |
$270,000 | $827,000 |
$84,000 | $346,000 |
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| American Indian or Alaskan Native |
5 | $1,325,000 |
$265,000 | $516,000 |
$110,000 | $219,000 |
| Asian |
34 | $10,936,000 |
$321,000 | $520,000 |
$109,000 | $305,000 |
| Black or African American |
472 | $127,748,000 |
$270,000 | $671,000 |
$79,000 | $264,000 |
| Hispanic |
128 | $33,934,000 |
$265,000 | $612,000 |
$79,000 | $204,000 |
| Native Hawaiin or Other Pacific Islander |
4 | $1,463,000 |
$365,000 | $590,000 |
$103,000 | $165,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
37 | $9,860,000 |
$266,000 | $533,000 |
$78,000 | $169,000 |
| White |
143 | $34,296,000 |
$239,000 | $827,000 |
$94,000 | $346,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
823 | $219,562,000 |
$266,000 | $827,000 |
$83,000 | $346,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
262 | $80,684,000 |
$307,000 | $827,000 |
$76,000 | $333,000 |
| Application Withdrawn By Applicant |
160 | $39,663,000 |
$247,000 | $657,000 |
$84,000 | $231,000 |
| File Closed For Incompleteness |
190 | $47,268,000 |
$248,000 | $680,000 |
$85,000 | $265,000 |
| Loan Originated |
211 | $51,947,000 |
$246,000 | $720,000 |
$89,000 | $346,000 |
| 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 |
3 | $627,000 |
$209,000 | $360,000 |
$91,000 | $147,000 |
| Credit Application Incomplete |
2 | $290,000 |
$145,000 | $215,000 |
$52,000 | $59,000 |
| Credit History |
80 | $22,942,000 |
$286,000 | $534,000 |
$96,000 | $333,000 |
| Debt-To-Income Ratio |
134 | $46,556,000 |
$347,000 | $827,000 |
$60,000 | $139,000 |
| 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 |
15 | $4,054,000 |
$270,000 | $504,000 |
$98,000 | $204,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MUNICIPAL CREDIT UNION by:
Metropolitan Area And
County
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