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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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NEW MEXICO EDUCATORS FEDERAL C
Mortgage Loans and Application Details
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| Mortgage Company Name |
NEW MEXICO EDUCATORS FEDERAL C |
| Address | P.O. BOX 8530
ALBUQUERQUE, NM 87198 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 862 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $74,113,000 |
| Average Mortgage Loan Amount Applied For | $81,312 |
| Highest Mortgage Loan Amount Applied For | $1,200,000 |
| Average Applicant Income | $72,562 |
| Highest Applicant Income | $1,252,000 |
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| Home Improvement |
378 | $9,034,000 |
$23,000 | $1,200,000 |
$78,000 | $1,252,000 |
| Home Purchase |
342 | $50,582,000 |
$147,000 | $665,000 |
$59,000 | $230,000 |
| Refinancing |
303 | $37,868,000 |
$124,000 | $703,000 |
$57,000 | $203,000 |
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| American Indian or Alaskan Native |
11 | $1,411,000 |
$128,000 | $315,000 |
$68,000 | $166,000 |
| Asian |
7 | $729,000 |
$104,000 | $270,000 |
$79,000 | $129,000 |
| Black or African American |
9 | $1,215,000 |
$135,000 | $270,000 |
$47,000 | $75,000 |
| Hispanic |
392 | $34,970,000 |
$89,000 | $1,200,000 |
$62,000 | $1,252,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $15,000 |
$15,000 | $15,000 |
$41,000 | $41,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
24 | $1,431,000 |
$59,000 | $180,000 |
$53,000 | $102,000 |
| White |
579 | $57,713,000 |
$99,000 | $665,000 |
$69,000 | $230,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,006 | $95,400,000 |
$94,000 | $1,200,000 |
$66,000 | $1,252,000 |
| FHA-insured (Federal Housing Administration) |
17 | $2,084,000 |
$122,000 | $184,000 |
$46,000 | $127,000 |
| 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 |
149 | $22,879,000 |
$153,000 | $417,000 |
$58,000 | $190,000 |
| Application Denied By Financial Institution |
148 | $15,687,000 |
$105,000 | $479,000 |
$45,000 | $190,000 |
| Application Withdrawn By Applicant |
4 | $120,000 |
$30,000 | $60,000 |
$136,000 | $450,000 |
| File Closed For Incompleteness |
1 | $195,000 |
$195,000 | $195,000 |
$62,000 | $62,000 |
| Loan Originated |
721 | $58,603,000 |
$81,000 | $1,200,000 |
$71,000 | $1,252,000 |
| 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 |
8 | $939,000 |
$117,000 | $308,000 |
$54,000 | $104,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
76 | $8,899,000 |
$117,000 | $479,000 |
$46,000 | $150,000 |
| Debt-To-Income Ratio |
51 | $4,328,000 |
$84,000 | $200,000 |
$43,000 | $190,000 |
| Employment History |
1 | $15,000 |
$15,000 | $15,000 |
$21,000 | $21,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
4 | $544,000 |
$136,000 | $163,000 |
$47,000 | $56,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
8 | $962,000 |
$120,000 | $204,000 |
$41,000 | $71,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for NEW MEXICO EDUCATORS FEDERAL C by:
Metropolitan Area And
County
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