|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
POSTAL COMMUNITY CREDIT UNION
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
POSTAL COMMUNITY CREDIT UNION |
| Address | 175 MCCLELLAN HIGHWAY
EAST BOSTON, MA 02128 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 330 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $28,537,000 |
| Average Mortgage Loan Amount Applied For | $90,266 |
| Highest Mortgage Loan Amount Applied For | $720,000 |
| Average Applicant Income | $71,000 |
| Highest Applicant Income | $752,000 |
|
|
|
| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
13 | $3,262,000 |
$250,000 | $720,000 |
$75,000 | $98,000 |
| Refinancing |
318 | $25,485,000 |
$80,000 | $460,000 |
$78,000 | $752,000 |
|
|
| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
3 | $325,000 |
$108,000 | $250,000 |
$33,000 | $54,000 |
| Black or African American |
10 | $668,000 |
$66,000 | $263,000 |
$70,000 | $122,000 |
| Hispanic |
8 | $1,125,000 |
$140,000 | $355,000 |
$78,000 | $112,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
6 | $921,000 |
$153,000 | $270,000 |
$47,000 | $87,000 |
| White |
304 | $25,708,000 |
$84,000 | $720,000 |
$79,000 | $752,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
327 | $28,572,000 |
$87,000 | $720,000 |
$78,000 | $752,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
3 | $110,000 |
$36,000 | $50,000 |
$62,000 | $83,000 |
| VA-guaranteed (Veterans Administration) |
1 | $65,000 |
$65,000 | $65,000 |
$106,000 | $106,000 |
|
|
| Application Approved But Not Accepted |
2 | $338,000 |
$169,000 | $263,000 |
$82,000 | $88,000 |
| Application Denied By Financial Institution |
41 | $1,794,000 |
$43,000 | $176,000 |
$79,000 | $524,000 |
| Application Withdrawn By Applicant |
33 | $2,998,000 |
$90,000 | $250,000 |
$53,000 | $136,000 |
| File Closed For Incompleteness |
9 | $969,000 |
$107,000 | $255,000 |
$80,000 | $110,000 |
| Loan Originated |
245 | $22,438,000 |
$91,000 | $720,000 |
$81,000 | $752,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
1 | $210,000 |
$210,000 | $210,000 |
$98,000 | $98,000 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
|
| Collateral |
5 | $188,000 |
$37,000 | $60,000 |
$76,000 | $122,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $30,000 |
$30,000 | $30,000 |
$76,000 | $76,000 |
| Debt-To-Income Ratio |
2 | $105,000 |
$52,000 | $75,000 |
$72,000 | $88,000 |
| 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 |
1 | $135,000 |
$135,000 | $135,000 |
$60,000 | $60,000 |
| Unverifiable Information |
1 | $176,000 |
$176,000 | $176,000 |
$59,000 | $59,000 |
|
Mortgage Loan App Totals for POSTAL COMMUNITY CREDIT UNION by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
