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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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ROCKLAND FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
ROCKLAND FEDERAL CREDIT UNION |
| Address | 241 UNION STREET
ROCKLAND, MA 02370 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,803 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $143,545,000 |
| Average Mortgage Loan Amount Applied For | $76,736 |
| Highest Mortgage Loan Amount Applied For | $750,000 |
| Average Applicant Income | $102,052 |
| Highest Applicant Income | $873,000 |
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| Home Improvement |
690 | $28,491,000 |
$41,000 | $320,000 |
$96,000 | $735,000 |
| Home Purchase |
116 | $27,090,000 |
$233,000 | $750,000 |
$94,000 | $754,000 |
| Refinancing |
1,005 | $89,822,000 |
$89,000 | $445,000 |
$89,000 | $873,000 |
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| American Indian or Alaskan Native |
6 | $675,000 |
$112,000 | $310,000 |
$91,000 | $132,000 |
| Asian |
23 | $1,907,000 |
$82,000 | $300,000 |
$106,000 | $160,000 |
| Black or African American |
30 | $2,126,000 |
$70,000 | $328,000 |
$85,000 | $195,000 |
| Hispanic |
26 | $2,274,000 |
$87,000 | $417,000 |
$94,000 | $338,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $40,000 |
$40,000 | $40,000 |
$95,000 | $95,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
168 | $11,197,000 |
$66,000 | $400,000 |
$86,000 | $270,000 |
| White |
1,557 | $127,184,000 |
$81,000 | $750,000 |
$92,000 | $873,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,811 | $145,403,000 |
$80,000 | $750,000 |
$92,000 | $873,000 |
| 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 |
137 | $7,654,000 |
$55,000 | $358,000 |
$97,000 | $342,000 |
| Application Denied By Financial Institution |
244 | $21,731,000 |
$89,000 | $400,000 |
$77,000 | $237,000 |
| Application Withdrawn By Applicant |
76 | $7,820,000 |
$102,000 | $425,000 |
$98,000 | $873,000 |
| File Closed For Incompleteness |
8 | $1,870,000 |
$233,000 | $417,000 |
$88,000 | $160,000 |
| Loan Originated |
1,339 | $104,642,000 |
$78,000 | $750,000 |
$94,000 | $754,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
6 | $1,446,000 |
$241,000 | $360,000 |
$73,000 | $96,000 |
| Preapproval Denied by Financial Institution |
1 | $240,000 |
$240,000 | $240,000 |
$65,000 | $65,000 |
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| Collateral |
15 | $2,318,000 |
$154,000 | $377,000 |
$92,000 | $142,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
88 | $9,397,000 |
$106,000 | $345,000 |
$78,000 | $237,000 |
| Debt-To-Income Ratio |
21 | $3,467,000 |
$165,000 | $400,000 |
$53,000 | $105,000 |
| 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 |
67 | $3,299,000 |
$49,000 | $150,000 |
$85,000 | $200,000 |
| Unverifiable Information |
1 | $60,000 |
$60,000 | $60,000 |
$105,000 | $105,000 |
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Mortgage Loan App Totals for ROCKLAND FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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