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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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SUNMARK FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
SUNMARK FEDERAL CREDIT UNION |
| Address | ONE BROADWAY CENTER, 8TH FLOOR
SCHENECTADY, NY 12305 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,139 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $106,476,000 |
| Average Mortgage Loan Amount Applied For | $101,000 |
| Highest Mortgage Loan Amount Applied For | $775,000 |
| Average Applicant Income | $81,708 |
| Highest Applicant Income | $504,000 |
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| Home Improvement |
330 | $11,872,000 |
$35,000 | $200,000 |
$70,000 | $229,000 |
| Home Purchase |
136 | $17,918,000 |
$131,000 | $300,000 |
$70,000 | $271,000 |
| Refinancing |
673 | $76,686,000 |
$113,000 | $775,000 |
$71,000 | $504,000 |
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| American Indian or Alaskan Native |
6 | $453,000 |
$75,000 | $230,000 |
$49,000 | $74,000 |
| Asian |
16 | $2,306,000 |
$144,000 | $775,000 |
$48,000 | $160,000 |
| Black or African American |
27 | $2,405,000 |
$89,000 | $221,000 |
$53,000 | $115,000 |
| Hispanic |
17 | $1,323,000 |
$77,000 | $164,000 |
$61,000 | $126,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $190,000 |
$190,000 | $190,000 |
$48,000 | $48,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
53 | $6,999,000 |
$132,000 | $300,000 |
$61,000 | $145,000 |
| White |
1,019 | $92,800,000 |
$91,000 | $729,000 |
$72,000 | $504,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,137 | $106,231,000 |
$93,000 | $775,000 |
$71,000 | $504,000 |
| 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) |
2 | $245,000 |
$122,000 | $159,000 |
$31,000 | $41,000 |
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| Application Approved But Not Accepted |
57 | $4,069,000 |
$71,000 | $239,000 |
$61,000 | $160,000 |
| Application Denied By Financial Institution |
196 | $18,686,000 |
$95,000 | $555,000 |
$57,000 | $231,000 |
| Application Withdrawn By Applicant |
128 | $13,976,000 |
$109,000 | $384,000 |
$72,000 | $271,000 |
| File Closed For Incompleteness |
202 | $26,290,000 |
$130,000 | $729,000 |
$72,000 | $504,000 |
| Loan Originated |
556 | $43,455,000 |
$78,000 | $775,000 |
$75,000 | $270,000 |
| 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 |
51 | $3,505,000 |
$68,000 | $264,000 |
$69,000 | $154,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
74 | $7,834,000 |
$105,000 | $300,000 |
$56,000 | $144,000 |
| Debt-To-Income Ratio |
61 | $6,071,000 |
$99,000 | $555,000 |
$47,000 | $231,000 |
| Employment History |
2 | $319,000 |
$159,000 | $168,000 |
$59,000 | $60,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $288,000 |
$144,000 | $154,000 |
$62,000 | $88,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $397,000 |
$132,000 | $171,000 |
$72,000 | $116,000 |
| Unverifiable Information |
2 | $231,000 |
$115,000 | $163,000 |
$73,000 | $105,000 |
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Mortgage Loan App Totals for SUNMARK FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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