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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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PENN EAST FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
PENN EAST FEDERAL CREDIT UNION |
| Address | 441 N 7TH AVE
SCRANTON, PA 18503 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 164 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $6,994,000 |
| Average Mortgage Loan Amount Applied For | $74,000 |
| Highest Mortgage Loan Amount Applied For | $310,000 |
| Average Applicant Income | $62,750 |
| Highest Applicant Income | $152,000 |
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| Home Improvement |
40 | $1,048,000 |
$26,000 | $83,000 |
$60,000 | $133,000 |
| Home Purchase |
12 | $1,106,000 |
$92,000 | $310,000 |
$48,000 | $131,000 |
| Refinancing |
112 | $4,840,000 |
$43,000 | $222,000 |
$62,000 | $152,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
1 | $30,000 |
$30,000 | $30,000 |
$47,000 | $47,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
12 | $1,028,000 |
$85,000 | $310,000 |
$45,000 | $115,000 |
| White |
151 | $5,936,000 |
$39,000 | $222,000 |
$62,000 | $152,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
164 | $6,994,000 |
$42,000 | $310,000 |
$60,000 | $152,000 |
| 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 |
10 | $524,000 |
$52,000 | $95,000 |
$55,000 | $115,000 |
| Application Denied By Financial Institution |
13 | $627,000 |
$48,000 | $140,000 |
$51,000 | $131,000 |
| Application Withdrawn By Applicant |
20 | $1,007,000 |
$50,000 | $222,000 |
$56,000 | $115,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
121 | $4,836,000 |
$39,000 | $310,000 |
$63,000 | $152,000 |
| 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 |
6 | $153,000 |
$25,000 | $40,000 |
$57,000 | $103,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $83,000 |
$83,000 | $83,000 |
$48,000 | $48,000 |
| Debt-To-Income Ratio |
1 | $90,000 |
$90,000 | $90,000 |
$20,000 | $20,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $208,000 |
$104,000 | $140,000 |
$71,000 | $131,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for PENN EAST FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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