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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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RTN FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
RTN FEDERAL CREDIT UNION |
| Address | 600 MAIN STREET
WALTHAM, MA 02452 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 305 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $34,434,000 |
| Average Mortgage Loan Amount Applied For | $108,736 |
| Highest Mortgage Loan Amount Applied For | $698,000 |
| Average Applicant Income | $104,526 |
| Highest Applicant Income | $314,000 |
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| Home Improvement |
159 | $6,186,000 |
$38,000 | $200,000 |
$103,000 | $260,000 |
| Home Purchase |
108 | $18,301,000 |
$169,000 | $698,000 |
$93,000 | $409,000 |
| Refinancing |
73 | $16,726,000 |
$229,000 | $533,000 |
$89,000 | $233,000 |
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| American Indian or Alaskan Native |
2 | $95,000 |
$47,000 | $75,000 |
$48,000 | $59,000 |
| Asian |
5 | $1,201,000 |
$240,000 | $417,000 |
$113,000 | $153,000 |
| Black or African American |
11 | $2,185,000 |
$198,000 | $417,000 |
$76,000 | $156,000 |
| Hispanic |
17 | $3,070,000 |
$180,000 | $470,000 |
$77,000 | $179,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
113 | $10,896,000 |
$96,000 | $533,000 |
$93,000 | $260,000 |
| White |
192 | $23,766,000 |
$123,000 | $698,000 |
$102,000 | $409,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
340 | $41,213,000 |
$121,000 | $698,000 |
$97,000 | $409,000 |
| 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 |
12 | $1,241,000 |
$103,000 | $398,000 |
$81,000 | $150,000 |
| Application Denied By Financial Institution |
52 | $7,486,000 |
$143,000 | $483,000 |
$82,000 | $314,000 |
| Application Withdrawn By Applicant |
30 | $5,466,000 |
$182,000 | $698,000 |
$107,000 | $258,000 |
| File Closed For Incompleteness |
8 | $928,000 |
$116,000 | $395,000 |
$111,000 | $152,000 |
| Loan Originated |
204 | $19,598,000 |
$96,000 | $500,000 |
$105,000 | $409,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
1 | $417,000 |
$417,000 | $417,000 |
$97,000 | $97,000 |
| Preapproval Denied by Financial Institution |
33 | $6,077,000 |
$184,000 | $417,000 |
$65,000 | $143,000 |
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| Collateral |
17 | $1,422,000 |
$83,000 | $360,000 |
$87,000 | $260,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
31 | $6,388,000 |
$206,000 | $417,000 |
$74,000 | $176,000 |
| Debt-To-Income Ratio |
26 | $3,240,000 |
$124,000 | $483,000 |
$56,000 | $144,000 |
| Employment History |
1 | $150,000 |
$150,000 | $150,000 |
$50,000 | $50,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
5 | $1,119,000 |
$223,000 | $392,000 |
$68,000 | $92,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
5 | $1,244,000 |
$248,000 | $417,000 |
$158,000 | $314,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for RTN FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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