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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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ROYAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
ROYAL CREDIT UNION |
| Address | 419 N. HASTINGS PLACE
EAU CLAIRE, WI 54703 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,500 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $170,368,000 |
| Average Mortgage Loan Amount Applied For | $109,476 |
| Highest Mortgage Loan Amount Applied For | $932,000 |
| Average Applicant Income | $57,857 |
| Highest Applicant Income | $557,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
1,798 | $191,911,000 |
$106,000 | $971,000 |
$51,000 | $462,000 |
| Refinancing |
1,215 | $138,361,000 |
$113,000 | $932,000 |
$52,000 | $557,000 |
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| American Indian or Alaskan Native |
5 | $627,000 |
$125,000 | $275,000 |
$62,000 | $165,000 |
| Asian |
21 | $2,696,000 |
$128,000 | $250,000 |
$49,000 | $94,000 |
| Black or African American |
4 | $297,000 |
$74,000 | $118,000 |
$53,000 | $74,000 |
| Hispanic |
35 | $2,662,000 |
$76,000 | $200,000 |
$40,000 | $119,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $167,000 |
$167,000 | $167,000 |
$93,000 | $93,000 |
| Not applicable |
36 | $10,223,000 |
$283,000 | $971,000 |
$0 | $0 |
| Not Provided |
136 | $9,219,000 |
$67,000 | $480,000 |
$53,000 | $405,000 |
| White |
2,775 | $304,381,000 |
$109,000 | $932,000 |
$52,000 | $557,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
3,013 | $330,272,000 |
$109,000 | $971,000 |
$51,000 | $557,000 |
| 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 |
243 | $26,527,000 |
$109,000 | $475,000 |
$54,000 | $224,000 |
| Application Denied By Financial Institution |
301 | $27,671,000 |
$91,000 | $347,000 |
$41,000 | $165,000 |
| Application Withdrawn By Applicant |
18 | $2,034,000 |
$113,000 | $304,000 |
$46,000 | $136,000 |
| File Closed For Incompleteness |
10 | $1,209,000 |
$120,000 | $208,000 |
$58,000 | $128,000 |
| Loan Originated |
1,644 | $188,187,000 |
$114,000 | $971,000 |
$56,000 | $557,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
480 | $54,763,000 |
$114,000 | $599,000 |
$50,000 | $196,000 |
| Preapproval Denied by Financial Institution |
317 | $29,881,000 |
$94,000 | $349,000 |
$38,000 | $181,000 |
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| Collateral |
1 | $126,000 |
$126,000 | $126,000 |
$58,000 | $58,000 |
| Credit Application Incomplete |
3 | $405,000 |
$135,000 | $165,000 |
$55,000 | $69,000 |
| Credit History |
202 | $18,843,000 |
$93,000 | $270,000 |
$40,000 | $104,000 |
| Debt-To-Income Ratio |
36 | $4,246,000 |
$117,000 | $238,000 |
$31,000 | $67,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $166,000 |
$166,000 | $166,000 |
$55,000 | $55,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
9 | $729,000 |
$81,000 | $120,000 |
$36,000 | $64,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for ROYAL CREDIT UNION by:
Metropolitan Area And
County
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