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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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PUBLIC SERVICE CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
PUBLIC SERVICE CREDIT UNION |
| Address | 15300 COMMERCE DR #100
DEARBORN, MI 48120 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 127 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $6,049,000 |
| Average Mortgage Loan Amount Applied For | $91,500 |
| Highest Mortgage Loan Amount Applied For | $233,000 |
| Average Applicant Income | $83,166 |
| Highest Applicant Income | $240,000 |
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| Home Improvement |
35 | $290,000 |
$8,000 | $62,000 |
$42,000 | $240,000 |
| Home Purchase |
20 | $2,061,000 |
$103,000 | $218,000 |
$47,000 | $130,000 |
| Refinancing |
72 | $3,698,000 |
$51,000 | $233,000 |
$52,000 | $171,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $50,000 |
$50,000 | $50,000 |
$40,000 | $40,000 |
| Black or African American |
87 | $3,078,000 |
$35,000 | $233,000 |
$40,000 | $137,000 |
| Hispanic |
5 | $81,000 |
$16,000 | $49,000 |
$35,000 | $57,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $18,000 |
$9,000 | $10,000 |
$43,000 | $62,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
32 | $2,822,000 |
$88,000 | $218,000 |
$74,000 | $240,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
125 | $5,966,000 |
$47,000 | $233,000 |
$49,000 | $240,000 |
| FHA-insured (Federal Housing Administration) |
2 | $83,000 |
$41,000 | $80,000 |
$29,000 | $32,000 |
| 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 |
57 | $1,774,000 |
$31,000 | $233,000 |
$40,000 | $240,000 |
| Application Withdrawn By Applicant |
8 | $440,000 |
$55,000 | $125,000 |
$39,000 | $70,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
62 | $3,835,000 |
$61,000 | $218,000 |
$58,000 | $171,000 |
| 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 |
1 | $233,000 |
$233,000 | $233,000 |
$91,000 | $91,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $2,000 |
$2,000 | $2,000 |
$62,000 | $62,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 PUBLIC SERVICE CREDIT UNION by:
Metropolitan Area And
County
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