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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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NEWPORT NEWS SHIPBUILDING EMPL
Mortgage Loans and Application Details
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| Mortgage Company Name |
NEWPORT NEWS SHIPBUILDING EMPL |
| Address | 3711 HUNTINGTON AVE.
NEWPORT NEWS, VA 23607 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 598 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $89,235,000 |
| Average Mortgage Loan Amount Applied For | $180,684 |
| Highest Mortgage Loan Amount Applied For | $695,000 |
| Average Applicant Income | $76,263 |
| Highest Applicant Income | $262,000 |
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| Home Improvement |
260 | $30,591,000 |
$117,000 | $590,000 |
$69,000 | $262,000 |
| Home Purchase |
232 | $40,248,000 |
$173,000 | $695,000 |
$62,000 | $295,000 |
| Refinancing |
236 | $39,267,000 |
$166,000 | $510,000 |
$63,000 | $201,000 |
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| American Indian or Alaskan Native |
4 | $418,000 |
$104,000 | $175,000 |
$76,000 | $140,000 |
| Asian |
2 | $334,000 |
$167,000 | $185,000 |
$40,000 | $44,000 |
| Black or African American |
196 | $27,832,000 |
$142,000 | $421,000 |
$55,000 | $167,000 |
| Hispanic |
11 | $1,694,000 |
$154,000 | $226,000 |
$49,000 | $79,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $322,000 |
$161,000 | $247,000 |
$71,000 | $105,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
168 | $23,778,000 |
$141,000 | $590,000 |
$69,000 | $295,000 |
| White |
345 | $55,728,000 |
$161,000 | $695,000 |
$69,000 | $233,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
722 | $109,146,000 |
$151,000 | $695,000 |
$65,000 | $295,000 |
| 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) |
6 | $960,000 |
$160,000 | $204,000 |
$54,000 | $83,000 |
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| Application Approved But Not Accepted |
15 | $2,846,000 |
$189,000 | $695,000 |
$72,000 | $149,000 |
| Application Denied By Financial Institution |
50 | $6,717,000 |
$134,000 | $365,000 |
$53,000 | $183,000 |
| Application Withdrawn By Applicant |
80 | $14,806,000 |
$185,000 | $510,000 |
$65,000 | $162,000 |
| File Closed For Incompleteness |
17 | $2,308,000 |
$135,000 | $371,000 |
$63,000 | $101,000 |
| Loan Originated |
485 | $70,203,000 |
$144,000 | $590,000 |
$68,000 | $295,000 |
| 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 |
81 | $13,226,000 |
$163,000 | $529,000 |
$49,000 | $102,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
43 | $6,049,000 |
$140,000 | $421,000 |
$53,000 | $102,000 |
| Debt-To-Income Ratio |
58 | $9,601,000 |
$165,000 | $529,000 |
$47,000 | $101,000 |
| Employment History |
2 | $266,000 |
$133,000 | $195,000 |
$98,000 | $183,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
22 | $3,229,000 |
$146,000 | $250,000 |
$52,000 | $92,000 |
| Mortgage Insurance Denied |
2 | $245,000 |
$122,000 | $175,000 |
$44,000 | $61,000 |
| Other |
2 | $198,000 |
$99,000 | $108,000 |
$60,000 | $87,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for NEWPORT NEWS SHIPBUILDING EMPL by:
Metropolitan Area And
County
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