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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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RIVERS EDGE COMMUNITY CU
Mortgage Loans and Application Details
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| Mortgage Company Name |
RIVERS EDGE COMMUNITY CU |
| Address | 7240 PARK
ALLEN PARK, MI 48101 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 68 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $2,725,000 |
| Average Mortgage Loan Amount Applied For | $100,000 |
| Highest Mortgage Loan Amount Applied For | $300,000 |
| Average Applicant Income | $82,600 |
| Highest Applicant Income | $133,000 |
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| Home Improvement |
16 | $310,000 |
$19,000 | $52,000 |
$67,000 | $132,000 |
| Home Purchase |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing |
52 | $2,415,000 |
$46,000 | $300,000 |
$68,000 | $133,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
3 | $86,000 |
$28,000 | $49,000 |
$52,000 | $68,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $5,000 |
$5,000 | $5,000 |
$88,000 | $88,000 |
| White |
64 | $2,634,000 |
$41,000 | $300,000 |
$68,000 | $133,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
68 | $2,725,000 |
$40,000 | $300,000 |
$68,000 | $133,000 |
| 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 |
11 | $277,000 |
$25,000 | $100,000 |
$65,000 | $116,000 |
| Application Withdrawn By Applicant |
5 | $129,000 |
$25,000 | $50,000 |
$59,000 | $88,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
52 | $2,319,000 |
$44,000 | $300,000 |
$69,000 | $133,000 |
| 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 | $29,000 |
$14,000 | $16,000 |
$71,000 | $73,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
3 | $43,000 |
$14,000 | $20,000 |
$63,000 | $80,000 |
| Debt-To-Income Ratio |
6 | $205,000 |
$34,000 | $100,000 |
$65,000 | $116,000 |
| 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 RIVERS EDGE COMMUNITY CU by:
Metropolitan Area And
County
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