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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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STATE EMPLOYEES' CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
STATE EMPLOYEES' CREDIT UNION |
| Address | P.O. DRAWER 25279
RALEIGH, NC 27611 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 17,548 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $2,297,537,000 |
| Average Mortgage Loan Amount Applied For | $150,441 |
| Highest Mortgage Loan Amount Applied For | $950,000 |
| Average Applicant Income | $76,176 |
| Highest Applicant Income | $888,000 |
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| Home Improvement |
897 | $26,292,000 |
$29,000 | $604,000 |
$54,000 | $383,000 |
| Home Purchase |
9,185 | $1,316,002,000 |
$143,000 | $882,000 |
$69,000 | $888,000 |
| Refinancing |
7,466 | $955,243,000 |
$127,000 | $950,000 |
$67,000 | $725,000 |
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| American Indian or Alaskan Native |
162 | $17,354,000 |
$107,000 | $484,000 |
$67,000 | $448,000 |
| Asian |
148 | $23,797,000 |
$160,000 | $700,000 |
$98,000 | $643,000 |
| Black or African American |
2,477 | $275,877,000 |
$111,000 | $809,000 |
$58,000 | $439,000 |
| Hispanic |
254 | $35,177,000 |
$138,000 | $530,000 |
$67,000 | $360,000 |
| Native Hawaiin or Other Pacific Islander |
11 | $1,123,000 |
$102,000 | $248,000 |
$53,000 | $120,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
596 | $63,491,000 |
$106,000 | $500,000 |
$62,000 | $480,000 |
| White |
13,900 | $1,880,718,000 |
$135,000 | $950,000 |
$69,000 | $888,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
17,548 | $2,297,537,000 |
$130,000 | $950,000 |
$67,000 | $888,000 |
| 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 |
1,634 | $231,745,000 |
$141,000 | $750,000 |
$70,000 | $480,000 |
| Application Denied By Financial Institution |
2,346 | $242,608,000 |
$103,000 | $640,000 |
$49,000 | $478,000 |
| Application Withdrawn By Applicant |
881 | $119,056,000 |
$135,000 | $950,000 |
$64,000 | $520,000 |
| File Closed For Incompleteness |
293 | $39,289,000 |
$134,000 | $738,000 |
$74,000 | $643,000 |
| Loan Originated |
11,932 | $1,606,894,000 |
$134,000 | $809,000 |
$71,000 | $888,000 |
| Loan Purchased By The Institution |
462 | $57,945,000 |
$125,000 | $500,000 |
$62,000 | $725,000 |
| 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 |
242 | $23,541,000 |
$97,000 | $391,000 |
$63,000 | $264,000 |
| Credit Application Incomplete |
56 | $1,901,000 |
$33,000 | $250,000 |
$50,000 | $165,000 |
| Credit History |
1,180 | $114,572,000 |
$97,000 | $400,000 |
$49,000 | $478,000 |
| Debt-To-Income Ratio |
631 | $76,625,000 |
$121,000 | $640,000 |
$41,000 | $162,000 |
| Employment History |
25 | $2,635,000 |
$105,000 | $180,000 |
$41,000 | $77,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
45 | $5,506,000 |
$122,000 | $372,000 |
$51,000 | $140,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
140 | $13,670,000 |
$97,000 | $472,000 |
$56,000 | $214,000 |
| Unverifiable Information |
27 | $4,158,000 |
$154,000 | $408,000 |
$62,000 | $172,000 |
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Mortgage Loan App Totals for STATE EMPLOYEES' CREDIT UNION by:
Metropolitan Area And
County
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