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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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THE OHIO EDUCATIONAL CU
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE OHIO EDUCATIONAL CU |
| Address | 2554 EAST 22ND STREET
CLEVELAND, OH 44115 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 172 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $8,270,000 |
| Average Mortgage Loan Amount Applied For | $47,400 |
| Highest Mortgage Loan Amount Applied For | $225,000 |
| Average Applicant Income | $62,666 |
| Highest Applicant Income | $325,000 |
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| Home Improvement |
27 | $463,000 |
$17,000 | $75,000 |
$53,000 | $133,000 |
| Home Purchase |
22 | $2,188,000 |
$99,000 | $192,000 |
$46,000 | $116,000 |
| Refinancing |
131 | $6,343,000 |
$48,000 | $225,000 |
$67,000 | $325,000 |
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| American Indian or Alaskan Native |
1 | $30,000 |
$30,000 | $30,000 |
$64,000 | $64,000 |
| Asian |
1 | $80,000 |
$80,000 | $80,000 |
$82,000 | $82,000 |
| Black or African American |
42 | $2,367,000 |
$56,000 | $192,000 |
$53,000 | $178,000 |
| Hispanic |
2 | $169,000 |
$84,000 | $103,000 |
$86,000 | $107,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $51,000 |
$51,000 | $51,000 |
$40,000 | $40,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
33 | $1,388,000 |
$42,000 | $135,000 |
$58,000 | $325,000 |
| White |
100 | $4,909,000 |
$49,000 | $225,000 |
$67,000 | $178,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
180 | $8,994,000 |
$49,000 | $225,000 |
$62,000 | $325,000 |
| 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 | $288,000 |
$72,000 | $95,000 |
$38,000 | $48,000 |
| Application Denied By Financial Institution |
34 | $1,920,000 |
$56,000 | $192,000 |
$55,000 | $178,000 |
| Application Withdrawn By Applicant |
6 | $458,000 |
$76,000 | $130,000 |
$47,000 | $60,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
136 | $6,328,000 |
$46,000 | $225,000 |
$66,000 | $325,000 |
| 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 |
1 | $20,000 |
$20,000 | $20,000 |
$84,000 | $84,000 |
| Credit Application Incomplete |
1 | $5,000 |
$5,000 | $5,000 |
$42,000 | $42,000 |
| Credit History |
16 | $734,000 |
$45,000 | $192,000 |
$52,000 | $153,000 |
| Debt-To-Income Ratio |
5 | $446,000 |
$89,000 | $143,000 |
$51,000 | $107,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $30,000 |
$30,000 | $30,000 |
$69,000 | $69,000 |
| 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 THE OHIO EDUCATIONAL CU by:
Metropolitan Area And
County
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