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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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REDWOOD CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
REDWOOD CREDIT UNION |
| Address | PO BOX 6104
SANTA ROSA, CA 95406 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,880 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $270,648,000 |
| Average Mortgage Loan Amount Applied For | $158,682 |
| Highest Mortgage Loan Amount Applied For | $1,700,000 |
| Average Applicant Income | $98,048 |
| Highest Applicant Income | $611,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
203 | $71,754,000 |
$353,000 | $1,700,000 |
$89,000 | $371,000 |
| Refinancing |
1,731 | $218,386,000 |
$126,000 | $1,200,000 |
$91,000 | $611,000 |
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| American Indian or Alaskan Native |
1 | $160,000 |
$160,000 | $160,000 |
$60,000 | $60,000 |
| Asian |
18 | $6,116,000 |
$339,000 | $671,000 |
$104,000 | $193,000 |
| Black or African American |
3 | $1,471,000 |
$490,000 | $880,000 |
$90,000 | $189,000 |
| Hispanic |
66 | $17,817,000 |
$269,000 | $684,000 |
$72,000 | $430,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1,565 | $181,661,000 |
$116,000 | $1,700,000 |
$91,000 | $611,000 |
| White |
281 | $82,915,000 |
$295,000 | $1,000,000 |
$92,000 | $604,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,934 | $290,140,000 |
$150,000 | $1,700,000 |
$91,000 | $611,000 |
| 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 |
95 | $17,484,000 |
$184,000 | $880,000 |
$85,000 | $270,000 |
| Application Denied By Financial Institution |
117 | $26,496,000 |
$226,000 | $752,000 |
$75,000 | $430,000 |
| Application Withdrawn By Applicant |
347 | $75,130,000 |
$216,000 | $1,200,000 |
$87,000 | $463,000 |
| File Closed For Incompleteness |
19 | $2,041,000 |
$107,000 | $350,000 |
$78,000 | $196,000 |
| Loan Originated |
1,356 | $168,989,000 |
$124,000 | $1,700,000 |
$93,000 | $611,000 |
| 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 |
19 | $3,077,000 |
$161,000 | $542,000 |
$71,000 | $141,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
7 | $1,576,000 |
$225,000 | $483,000 |
$83,000 | $126,000 |
| Debt-To-Income Ratio |
25 | $5,777,000 |
$231,000 | $752,000 |
$78,000 | $430,000 |
| 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 REDWOOD CREDIT UNION by:
Metropolitan Area And
County
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