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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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QUORUM FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
QUORUM FEDERAL CREDIT UNION |
| Address | 2 MANHATTANVILLE ROAD
PURCHASE, NY 10577 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 309 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $76,306,000 |
| Average Mortgage Loan Amount Applied For | $203,557 |
| Highest Mortgage Loan Amount Applied For | $2,650,000 |
| Average Applicant Income | $93,046 |
| Highest Applicant Income | $574,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
357 | $91,911,000 |
$257,000 | $2,620,000 |
$105,000 | $575,000 |
| Refinancing |
136 | $31,773,000 |
$233,000 | $2,650,000 |
$94,000 | $262,000 |
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| American Indian or Alaskan Native |
2 | $283,000 |
$141,000 | $143,000 |
$54,000 | $66,000 |
| Asian |
11 | $4,300,000 |
$390,000 | $850,000 |
$128,000 | $229,000 |
| Black or African American |
73 | $14,599,000 |
$199,000 | $638,000 |
$76,000 | $222,000 |
| Hispanic |
40 | $8,826,000 |
$220,000 | $613,000 |
$89,000 | $248,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $240,000 |
$240,000 | $240,000 |
$133,000 | $133,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
113 | $33,299,000 |
$294,000 | $2,620,000 |
$120,000 | $515,000 |
| White |
253 | $62,137,000 |
$245,000 | $2,650,000 |
$103,000 | $575,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
493 | $123,684,000 |
$250,000 | $2,650,000 |
$102,000 | $575,000 |
| 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 |
49 | $10,533,000 |
$214,000 | $620,000 |
$98,000 | $290,000 |
| Application Denied By Financial Institution |
39 | $5,975,000 |
$153,000 | $466,000 |
$70,000 | $185,000 |
| Application Withdrawn By Applicant |
64 | $13,906,000 |
$217,000 | $850,000 |
$94,000 | $287,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
177 | $50,686,000 |
$286,000 | $2,650,000 |
$113,000 | $574,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
116 | $35,175,000 |
$303,000 | $1,960,000 |
$119,000 | $575,000 |
| Preapproval Denied by Financial Institution |
48 | $7,409,000 |
$154,000 | $420,000 |
$62,000 | $250,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
47 | $6,541,000 |
$139,000 | $420,000 |
$61,000 | $130,000 |
| Debt-To-Income Ratio |
15 | $2,760,000 |
$184,000 | $300,000 |
$52,000 | $125,000 |
| Employment History |
1 | $232,000 |
$232,000 | $232,000 |
$150,000 | $150,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $172,000 |
$86,000 | $110,000 |
$49,000 | $65,000 |
| Mortgage Insurance Denied |
1 | $188,000 |
$188,000 | $188,000 |
$44,000 | $44,000 |
| Other |
21 | $3,491,000 |
$166,000 | $466,000 |
$85,000 | $250,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for QUORUM FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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