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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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T&C FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
T&C FEDERAL CREDIT UNION |
| Address | 44400 WOODWARD AVE.
PONTIAC, MI 48341 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 790 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $35,775,000 |
| Average Mortgage Loan Amount Applied For | $52,920 |
| Highest Mortgage Loan Amount Applied For | $468,000 |
| Average Applicant Income | $52,240 |
| Highest Applicant Income | $615,000 |
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| Home Improvement |
637 | $18,305,000 |
$28,000 | $250,000 |
$66,000 | $615,000 |
| Home Purchase |
26 | $3,555,000 |
$136,000 | $220,000 |
$61,000 | $151,000 |
| Refinancing |
130 | $14,352,000 |
$110,000 | $468,000 |
$52,000 | $179,000 |
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| American Indian or Alaskan Native |
2 | $169,000 |
$84,000 | $141,000 |
$53,000 | $70,000 |
| Asian |
3 | $95,000 |
$31,000 | $45,000 |
$39,000 | $45,000 |
| Black or African American |
120 | $4,870,000 |
$40,000 | $288,000 |
$58,000 | $615,000 |
| Hispanic |
25 | $1,588,000 |
$63,000 | $243,000 |
$53,000 | $137,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
5 | $457,000 |
$91,000 | $114,000 |
$54,000 | $81,000 |
| White |
638 | $29,033,000 |
$45,000 | $468,000 |
$65,000 | $480,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
793 | $36,212,000 |
$45,000 | $468,000 |
$64,000 | $615,000 |
| 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 |
4 | $690,000 |
$172,000 | $253,000 |
$92,000 | $151,000 |
| Application Denied By Financial Institution |
84 | $2,935,000 |
$34,000 | $219,000 |
$60,000 | $480,000 |
| Application Withdrawn By Applicant |
222 | $6,795,000 |
$30,000 | $250,000 |
$68,000 | $615,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
480 | $25,355,000 |
$52,000 | $468,000 |
$62,000 | $241,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
2 | $272,000 |
$136,000 | $162,000 |
$74,000 | $112,000 |
| Preapproval Denied by Financial Institution |
1 | $165,000 |
$165,000 | $165,000 |
$60,000 | $60,000 |
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| Collateral |
4 | $142,000 |
$35,000 | $64,000 |
$57,000 | $78,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
44 | $1,560,000 |
$35,000 | $219,000 |
$53,000 | $153,000 |
| Debt-To-Income Ratio |
34 | $1,300,000 |
$38,000 | $165,000 |
$72,000 | $480,000 |
| 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 |
3 | $98,000 |
$32,000 | $64,000 |
$39,000 | $55,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for T&C FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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