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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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N. MASS TELEPHONE WORKERS CU
Mortgage Loans and Application Details
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| Mortgage Company Name |
N. MASS TELEPHONE WORKERS CU |
| Address | P.O. BOX 7008
LOWELL, MA 01852 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 167 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $35,833,000 |
| Average Mortgage Loan Amount Applied For | $232,857 |
| Highest Mortgage Loan Amount Applied For | $695,000 |
| Average Applicant Income | $98,285 |
| Highest Applicant Income | $260,000 |
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| Home Improvement |
10 | $104,000 |
$10,000 | $20,000 |
$90,000 | $165,000 |
| Home Purchase |
27 | $6,439,000 |
$238,000 | $695,000 |
$80,000 | $188,000 |
| Refinancing |
130 | $29,290,000 |
$225,000 | $576,000 |
$82,000 | $260,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $295,000 |
$147,000 | $195,000 |
$42,000 | $84,000 |
| Black or African American |
3 | $570,000 |
$190,000 | $310,000 |
$87,000 | $94,000 |
| Hispanic |
2 | $388,000 |
$194,000 | $228,000 |
$76,000 | $92,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
25 | $6,131,000 |
$245,000 | $576,000 |
$92,000 | $188,000 |
| White |
135 | $28,449,000 |
$210,000 | $695,000 |
$81,000 | $260,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
167 | $35,833,000 |
$214,000 | $695,000 |
$82,000 | $260,000 |
| 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 |
1 | $279,000 |
$279,000 | $279,000 |
$112,000 | $112,000 |
| Application Denied By Financial Institution |
1 | $334,000 |
$334,000 | $334,000 |
$87,000 | $87,000 |
| Application Withdrawn By Applicant |
5 | $1,016,000 |
$203,000 | $285,000 |
$89,000 | $123,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
160 | $34,204,000 |
$213,000 | $695,000 |
$82,000 | $260,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
1 | $334,000 |
$334,000 | $334,000 |
$87,000 | $87,000 |
| 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 N. MASS TELEPHONE WORKERS CU by:
Metropolitan Area And
County
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