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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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MUTUAL SAVINGS CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
MUTUAL SAVINGS CREDIT UNION |
| Address | 2040 VALLEYDALE ROAD
BIRMINGHAM, AL 35244 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 401 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $19,660,000 |
| Average Mortgage Loan Amount Applied For | $40,703 |
| Highest Mortgage Loan Amount Applied For | $884,000 |
| Average Applicant Income | $57,518 |
| Highest Applicant Income | $1,610,000 |
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| Home Improvement |
5 | $145,000 |
$29,000 | $68,000 |
$34,000 | $72,000 |
| Home Purchase |
190 | $8,558,000 |
$45,000 | $310,000 |
$75,000 | $1,610,000 |
| Refinancing |
206 | $10,957,000 |
$53,000 | $884,000 |
$69,000 | $350,000 |
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| American Indian or Alaskan Native |
1 | $33,000 |
$33,000 | $33,000 |
$75,000 | $75,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
75 | $3,638,000 |
$48,000 | $170,000 |
$57,000 | $187,000 |
| Hispanic |
3 | $114,000 |
$38,000 | $73,000 |
$47,000 | $60,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
322 | $15,875,000 |
$49,000 | $884,000 |
$75,000 | $1,610,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
401 | $19,660,000 |
$49,000 | $884,000 |
$71,000 | $1,610,000 |
| 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 |
6 | $199,000 |
$33,000 | $100,000 |
$35,000 | $48,000 |
| Application Denied By Financial Institution |
75 | $3,811,000 |
$50,000 | $233,000 |
$40,000 | $170,000 |
| Application Withdrawn By Applicant |
28 | $1,372,000 |
$49,000 | $132,000 |
$43,000 | $99,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
292 | $14,278,000 |
$48,000 | $884,000 |
$83,000 | $1,610,000 |
| 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 |
2 | $66,000 |
$33,000 | $48,000 |
$62,000 | $97,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
46 | $1,921,000 |
$41,000 | $233,000 |
$39,000 | $144,000 |
| Debt-To-Income Ratio |
24 | $1,726,000 |
$71,000 | $180,000 |
$43,000 | $170,000 |
| Employment History |
3 | $98,000 |
$32,000 | $40,000 |
$25,000 | $45,000 |
| 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 MUTUAL SAVINGS CREDIT UNION by:
Metropolitan Area And
County
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