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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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OCTFCU MORTGAGE CO, LLC
Mortgage Loans and Application Details
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| Mortgage Company Name |
OCTFCU MORTGAGE CO, LLC |
| Address | 1700 CARNEGIE, SUITE 250
SANTA ANA, CA 92711 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,583 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $915,887,000 |
| Average Mortgage Loan Amount Applied For | $336,033 |
| Highest Mortgage Loan Amount Applied For | $1,750,000 |
| Average Applicant Income | $93,700 |
| Highest Applicant Income | $2,533,000 |
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| Home Improvement |
219 | $72,054,000 |
$329,000 | $1,035,000 |
$91,000 | $901,000 |
| Home Purchase |
655 | $258,725,000 |
$395,000 | $1,500,000 |
$108,000 | $2,022,000 |
| Refinancing |
1,709 | $585,108,000 |
$342,000 | $1,750,000 |
$95,000 | $2,533,000 |
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| American Indian or Alaskan Native |
7 | $2,206,000 |
$315,000 | $484,000 |
$132,000 | $263,000 |
| Asian |
145 | $59,319,000 |
$409,000 | $900,000 |
$119,000 | $1,263,000 |
| Black or African American |
46 | $17,375,000 |
$377,000 | $817,000 |
$90,000 | $249,000 |
| Hispanic |
625 | $204,269,000 |
$326,000 | $1,250,000 |
$82,000 | $1,207,000 |
| Native Hawaiin or Other Pacific Islander |
25 | $8,447,000 |
$337,000 | $650,000 |
$166,000 | $2,022,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
338 | $124,744,000 |
$369,000 | $999,000 |
$110,000 | $2,533,000 |
| White |
1,397 | $499,527,000 |
$357,000 | $1,750,000 |
$99,000 | $996,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,583 | $915,887,000 |
$354,000 | $1,750,000 |
$98,000 | $2,533,000 |
| 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 |
15 | $5,461,000 |
$364,000 | $805,000 |
$86,000 | $207,000 |
| Application Denied By Financial Institution |
516 | $199,121,000 |
$385,000 | $1,500,000 |
$93,000 | $1,263,000 |
| Application Withdrawn By Applicant |
398 | $143,950,000 |
$361,000 | $1,500,000 |
$103,000 | $2,022,000 |
| File Closed For Incompleteness |
26 | $10,870,000 |
$418,000 | $1,200,000 |
$251,000 | $2,533,000 |
| Loan Originated |
1,628 | $556,485,000 |
$341,000 | $1,750,000 |
$96,000 | $1,610,000 |
| 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 |
27 | $10,267,000 |
$380,000 | $548,000 |
$145,000 | $1,263,000 |
| Credit Application Incomplete |
2 | $467,000 |
$233,000 | $277,000 |
$64,000 | $88,000 |
| Credit History |
117 | $43,207,000 |
$369,000 | $891,000 |
$101,000 | $445,000 |
| Debt-To-Income Ratio |
141 | $57,381,000 |
$406,000 | $1,160,000 |
$80,000 | $1,207,000 |
| Employment History |
5 | $1,344,000 |
$268,000 | $509,000 |
$62,000 | $197,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $903,000 |
$301,000 | $500,000 |
$77,000 | $99,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
17 | $7,551,000 |
$444,000 | $999,000 |
$119,000 | $300,000 |
| Unverifiable Information |
6 | $3,130,000 |
$521,000 | $900,000 |
$245,000 | $901,000 |
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Mortgage Loan App Totals for OCTFCU MORTGAGE CO, LLC by:
Metropolitan Area And
County
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