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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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NUUNION CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
NUUNION CREDIT UNION |
| Address | 501 S CAPITOL AVE
LANSING, MI 48933 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 899 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $117,865,000 |
| Average Mortgage Loan Amount Applied For | $163,978 |
| Highest Mortgage Loan Amount Applied For | $68,500,000 |
| Average Applicant Income | $63,869 |
| Highest Applicant Income | $340,000 |
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| Home Improvement |
206 | $6,553,000 |
$31,000 | $158,000 |
$72,000 | $191,000 |
| Home Purchase |
312 | $27,217,000 |
$87,000 | $15,000,000 |
$52,000 | $165,000 |
| Refinancing |
449 | $86,221,000 |
$192,000 | $68,500,000 |
$68,000 | $340,000 |
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| American Indian or Alaskan Native |
15 | $673,000 |
$44,000 | $158,000 |
$64,000 | $145,000 |
| Asian |
6 | $326,000 |
$54,000 | $140,000 |
$96,000 | $158,000 |
| Black or African American |
28 | $1,055,000 |
$37,000 | $91,000 |
$59,000 | $125,000 |
| Hispanic |
22 | $713,000 |
$32,000 | $73,000 |
$62,000 | $104,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $81,000 |
$81,000 | $81,000 |
$50,000 | $50,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
173 | $5,929,000 |
$34,000 | $130,000 |
$68,000 | $340,000 |
| White |
722 | $111,214,000 |
$154,000 | $68,500,000 |
$62,000 | $195,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
967 | $119,991,000 |
$124,000 | $68,500,000 |
$63,000 | $340,000 |
| 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 |
18 | $812,000 |
$45,000 | $151,000 |
$48,000 | $93,000 |
| Application Denied By Financial Institution |
21 | $552,000 |
$26,000 | $70,000 |
$46,000 | $95,000 |
| Application Withdrawn By Applicant |
33 | $1,016,000 |
$30,000 | $130,000 |
$64,000 | $205,000 |
| File Closed For Incompleteness |
11 | $391,000 |
$35,000 | $130,000 |
$64,000 | $106,000 |
| Loan Originated |
884 | $117,220,000 |
$132,000 | $68,500,000 |
$64,000 | $340,000 |
| 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 |
3 | $40,000 |
$13,000 | $25,000 |
$56,000 | $95,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
4 | $120,000 |
$30,000 | $59,000 |
$50,000 | $81,000 |
| Debt-To-Income Ratio |
2 | $36,000 |
$18,000 | $21,000 |
$43,000 | $49,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $117,000 |
$39,000 | $61,000 |
$36,000 | $45,000 |
| Mortgage Insurance Denied |
1 | $70,000 |
$70,000 | $70,000 |
$42,000 | $42,000 |
| Other |
1 | $40,000 |
$40,000 | $40,000 |
$31,000 | $31,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for NUUNION CREDIT UNION by:
Metropolitan Area And
County
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