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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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POLICE AND FIRE FEDERAL CU
Mortgage Loans and Application Details
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| Mortgage Company Name |
POLICE AND FIRE FEDERAL CU |
| Address | 2837 SOUTHAMPTON ROAD
PHILADELPHIA, PA 19154 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 8,275 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $581,542,000 |
| Average Mortgage Loan Amount Applied For | $75,666 |
| Highest Mortgage Loan Amount Applied For | $638,000 |
| Average Applicant Income | $80,074 |
| Highest Applicant Income | $960,000 |
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| Home Improvement |
2,139 | $85,677,000 |
$40,000 | $468,000 |
$79,000 | $461,000 |
| Home Purchase |
3,014 | $427,265,000 |
$141,000 | $1,200,000 |
$73,000 | $1,440,000 |
| Refinancing |
4,903 | $321,049,000 |
$65,000 | $638,000 |
$75,000 | $873,000 |
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| American Indian or Alaskan Native |
11 | $803,000 |
$73,000 | $300,000 |
$68,000 | $161,000 |
| Asian |
30 | $2,595,000 |
$86,000 | $393,000 |
$83,000 | $195,000 |
| Black or African American |
1,161 | $77,337,000 |
$66,000 | $450,000 |
$61,000 | $792,000 |
| Hispanic |
222 | $15,658,000 |
$70,000 | $325,000 |
$64,000 | $521,000 |
| Native Hawaiin or Other Pacific Islander |
27 | $1,305,000 |
$48,000 | $270,000 |
$78,000 | $186,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
5,179 | $427,894,000 |
$82,000 | $1,200,000 |
$75,000 | $1,140,000 |
| White |
3,426 | $308,399,000 |
$90,000 | $900,000 |
$82,000 | $1,440,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
10,056 | $833,991,000 |
$82,000 | $1,200,000 |
$75,000 | $1,440,000 |
| 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 |
156 | $22,527,000 |
$144,000 | $413,000 |
$77,000 | $231,000 |
| Application Denied By Financial Institution |
1,401 | $97,067,000 |
$69,000 | $582,000 |
$57,000 | $366,000 |
| Application Withdrawn By Applicant |
2,715 | $307,710,000 |
$113,000 | $1,200,000 |
$76,000 | $1,440,000 |
| File Closed For Incompleteness |
106 | $10,427,000 |
$98,000 | $414,000 |
$87,000 | $1,140,000 |
| Loan Originated |
5,567 | $381,672,000 |
$68,000 | $638,000 |
$80,000 | $873,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
27 | $4,067,000 |
$150,000 | $400,000 |
$64,000 | $127,000 |
| Preapproval Denied by Financial Institution |
84 | $10,521,000 |
$125,000 | $315,000 |
$59,000 | $156,000 |
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| Collateral |
49 | $3,481,000 |
$71,000 | $350,000 |
$67,000 | $214,000 |
| Credit Application Incomplete |
18 | $2,243,000 |
$124,000 | $275,000 |
$51,000 | $110,000 |
| Credit History |
360 | $28,070,000 |
$77,000 | $481,000 |
$56,000 | $182,000 |
| Debt-To-Income Ratio |
227 | $25,728,000 |
$113,000 | $582,000 |
$49,000 | $300,000 |
| Employment History |
1 | $25,000 |
$25,000 | $25,000 |
$29,000 | $29,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $380,000 |
$126,000 | $150,000 |
$43,000 | $55,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
41 | $2,861,000 |
$69,000 | $340,000 |
$73,000 | $158,000 |
| Unverifiable Information |
3 | $125,000 |
$41,000 | $90,000 |
$90,000 | $155,000 |
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Mortgage Loan App Totals for POLICE AND FIRE FEDERAL CU by:
Metropolitan Area And
County
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