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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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TEACHERS CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
TEACHERS CREDIT UNION |
| Address | 110 S MAIN STREET
SOUTH BEND, IN 46601 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,350 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $148,392,000 |
| Average Mortgage Loan Amount Applied For | $82,527 |
| Highest Mortgage Loan Amount Applied For | $600,000 |
| Average Applicant Income | $71,716 |
| Highest Applicant Income | $604,000 |
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| Home Improvement |
1,229 | $47,212,000 |
$38,000 | $290,000 |
$68,000 | $604,000 |
| Home Purchase |
795 | $85,139,000 |
$107,000 | $600,000 |
$60,000 | $331,000 |
| Refinancing |
641 | $49,163,000 |
$76,000 | $365,000 |
$63,000 | $276,000 |
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| American Indian or Alaskan Native |
1 | $111,000 |
$111,000 | $111,000 |
$31,000 | $31,000 |
| Asian |
11 | $1,157,000 |
$105,000 | $200,000 |
$99,000 | $300,000 |
| Black or African American |
91 | $7,053,000 |
$77,000 | $300,000 |
$52,000 | $217,000 |
| Hispanic |
35 | $2,657,000 |
$75,000 | $170,000 |
$62,000 | $167,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $428,000 |
$214,000 | $360,000 |
$255,000 | $255,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1,092 | $47,867,000 |
$43,000 | $600,000 |
$67,000 | $604,000 |
| White |
1,433 | $122,241,000 |
$85,000 | $365,000 |
$62,000 | $439,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,665 | $181,514,000 |
$68,000 | $600,000 |
$64,000 | $604,000 |
| 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 |
71 | $7,243,000 |
$102,000 | $284,000 |
$70,000 | $604,000 |
| Application Denied By Financial Institution |
376 | $20,872,000 |
$55,000 | $350,000 |
$52,000 | $217,000 |
| Application Withdrawn By Applicant |
61 | $7,404,000 |
$121,000 | $600,000 |
$69,000 | $306,000 |
| File Closed For Incompleteness |
18 | $1,907,000 |
$105,000 | $300,000 |
$71,000 | $144,000 |
| Loan Originated |
1,876 | $115,569,000 |
$61,000 | $360,000 |
$68,000 | $488,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
174 | $19,904,000 |
$114,000 | $320,000 |
$55,000 | $214,000 |
| Preapproval Denied by Financial Institution |
89 | $8,615,000 |
$96,000 | $257,000 |
$45,000 | $130,000 |
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| Collateral |
36 | $1,229,000 |
$34,000 | $152,000 |
$69,000 | $144,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
140 | $5,855,000 |
$41,000 | $212,000 |
$53,000 | $217,000 |
| Debt-To-Income Ratio |
72 | $2,391,000 |
$33,000 | $190,000 |
$43,000 | $125,000 |
| Employment History |
4 | $96,000 |
$24,000 | $33,000 |
$60,000 | $83,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
7 | $261,000 |
$37,000 | $124,000 |
$57,000 | $120,000 |
| Unverifiable Information |
1 | $10,000 |
$10,000 | $10,000 |
$14,000 | $14,000 |
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Mortgage Loan App Totals for TEACHERS CREDIT UNION by:
Metropolitan Area And
County
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