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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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PROPONENT FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
PROPONENT FEDERAL CREDIT UNION |
| Address | 536 WASHINGTON AVENUE
NUTLEY, NJ 07110 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 513 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $53,412,000 |
| Average Mortgage Loan Amount Applied For | $108,930 |
| Highest Mortgage Loan Amount Applied For | $780,000 |
| Average Applicant Income | $105,583 |
| Highest Applicant Income | $531,000 |
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| Home Improvement |
73 | $4,037,000 |
$55,000 | $342,000 |
$115,000 | $279,000 |
| Home Purchase |
66 | $16,006,000 |
$242,000 | $780,000 |
$107,000 | $459,000 |
| Refinancing |
374 | $33,369,000 |
$89,000 | $600,000 |
$106,000 | $531,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
38 | $4,969,000 |
$130,000 | $495,000 |
$130,000 | $262,000 |
| Black or African American |
31 | $3,622,000 |
$116,000 | $609,000 |
$72,000 | $163,000 |
| Hispanic |
34 | $4,227,000 |
$124,000 | $495,000 |
$108,000 | $219,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $338,000 |
$338,000 | $338,000 |
$76,000 | $76,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2 | $69,000 |
$34,000 | $49,000 |
$73,000 | $100,000 |
| White |
407 | $40,187,000 |
$98,000 | $780,000 |
$109,000 | $531,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
513 | $53,412,000 |
$104,000 | $780,000 |
$108,000 | $531,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
27 | $4,828,000 |
$178,000 | $495,000 |
$68,000 | $157,000 |
| Application Withdrawn By Applicant |
81 | $10,431,000 |
$128,000 | $600,000 |
$114,000 | $339,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
405 | $38,153,000 |
$94,000 | $780,000 |
$109,000 | $531,000 |
| 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 |
2 | $43,000 |
$21,000 | $23,000 |
$77,000 | $87,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
12 | $1,945,000 |
$162,000 | $430,000 |
$60,000 | $157,000 |
| Debt-To-Income Ratio |
10 | $2,186,000 |
$218,000 | $495,000 |
$77,000 | $113,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for PROPONENT FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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