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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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TELEPHONE WORKERS CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
TELEPHONE WORKERS CREDIT UNION |
| Address | 250 GRANITE STREET
BRAINTREE, MA 02184 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 224 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $37,875,000 |
| Average Mortgage Loan Amount Applied For | $167,500 |
| Highest Mortgage Loan Amount Applied For | $495,000 |
| Average Applicant Income | $70,666 |
| Highest Applicant Income | $280,000 |
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| Home Improvement |
74 | $7,439,000 |
$100,000 | $450,000 |
$91,000 | $280,000 |
| Home Purchase |
44 | $10,090,000 |
$229,000 | $420,000 |
$70,000 | $225,000 |
| Refinancing |
111 | $21,528,000 |
$193,000 | $495,000 |
$80,000 | $194,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
27 | $6,201,000 |
$229,000 | $450,000 |
$63,000 | $149,000 |
| Hispanic |
1 | $260,000 |
$260,000 | $260,000 |
$100,000 | $100,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $278,000 |
$278,000 | $278,000 |
$62,000 | $62,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
200 | $32,318,000 |
$161,000 | $495,000 |
$84,000 | $280,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
229 | $39,057,000 |
$170,000 | $495,000 |
$82,000 | $280,000 |
| 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 |
6 | $1,419,000 |
$236,000 | $278,000 |
$62,000 | $102,000 |
| Application Denied By Financial Institution |
8 | $1,975,000 |
$246,000 | $394,000 |
$60,000 | $109,000 |
| Application Withdrawn By Applicant |
7 | $973,000 |
$139,000 | $300,000 |
$66,000 | $96,000 |
| File Closed For Incompleteness |
2 | $390,000 |
$195,000 | $260,000 |
$50,000 | $56,000 |
| Loan Originated |
201 | $33,118,000 |
$164,000 | $495,000 |
$85,000 | $280,000 |
| 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 |
5 | $1,182,000 |
$236,000 | $300,000 |
$42,000 | $110,000 |
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| Collateral |
2 | $70,000 |
$35,000 | $48,000 |
$61,000 | $66,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $300,000 |
$300,000 | $300,000 |
$110,000 | $110,000 |
| Debt-To-Income Ratio |
10 | $2,787,000 |
$278,000 | $394,000 |
$46,000 | $109,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for TELEPHONE WORKERS CREDIT UNION by:
Metropolitan Area And
County
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