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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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NORBEL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
NORBEL CREDIT UNION |
| Address | 1025 SWALLOW
FORT COLLINS, CO 80525 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 114 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $6,072,000 |
| Average Mortgage Loan Amount Applied For | $92,400 |
| Highest Mortgage Loan Amount Applied For | $575,000 |
| Average Applicant Income | $102,900 |
| Highest Applicant Income | $1,800,000 |
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| Home Improvement |
17 | $635,000 |
$37,000 | $80,000 |
$92,000 | $169,000 |
| Home Purchase |
16 | $1,482,000 |
$92,000 | $575,000 |
$91,000 | $240,000 |
| Refinancing |
81 | $3,955,000 |
$48,000 | $230,000 |
$102,000 | $1,800,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
4 | $170,000 |
$42,000 | $50,000 |
$62,000 | $73,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
15 | $359,000 |
$23,000 | $60,000 |
$52,000 | $103,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
13 | $2,247,000 |
$172,000 | $575,000 |
$113,000 | $253,000 |
| White |
82 | $3,296,000 |
$40,000 | $230,000 |
$107,000 | $1,800,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
114 | $6,072,000 |
$53,000 | $575,000 |
$99,000 | $1,800,000 |
| 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 | $575,000 |
$575,000 | $575,000 |
$240,000 | $240,000 |
| Application Denied By Financial Institution |
14 | $466,000 |
$33,000 | $61,000 |
$51,000 | $103,000 |
| Application Withdrawn By Applicant |
26 | $1,282,000 |
$49,000 | $184,000 |
$157,000 | $1,800,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
73 | $3,749,000 |
$51,000 | $230,000 |
$85,000 | $253,000 |
| 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 | $90,000 |
$45,000 | $50,000 |
$59,000 | $65,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $35,000 |
$17,000 | $21,000 |
$23,000 | $37,000 |
| Debt-To-Income Ratio |
9 | $326,000 |
$36,000 | $61,000 |
$57,000 | $103,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $15,000 |
$15,000 | $15,000 |
$36,000 | $36,000 |
| 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 NORBEL CREDIT UNION by:
Metropolitan Area And
County
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