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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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UNIVERSITY CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
UNIVERSITY CREDIT UNION |
| Address | 846 COMMONWEALTH AVENUE
BOSTON, MA 02215 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 37 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $3,137,000 |
| Average Mortgage Loan Amount Applied For | $69,363 |
| Highest Mortgage Loan Amount Applied For | $500,000 |
| Average Applicant Income | $97,727 |
| Highest Applicant Income | $170,000 |
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| Home Improvement |
21 | $754,000 |
$35,000 | $125,000 |
$98,000 | $150,000 |
| Home Purchase |
2 | $700,000 |
$350,000 | $450,000 |
$129,000 | $170,000 |
| Refinancing |
14 | $1,683,000 |
$120,000 | $500,000 |
$87,000 | $170,000 |
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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 |
4 | $838,000 |
$209,000 | $500,000 |
$107,000 | $142,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
20 | $1,481,000 |
$74,000 | $450,000 |
$87,000 | $170,000 |
| White |
13 | $818,000 |
$62,000 | $250,000 |
$105,000 | $150,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
37 | $3,137,000 |
$84,000 | $500,000 |
$96,000 | $170,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
6 | $314,000 |
$52,000 | $90,000 |
$82,000 | $136,000 |
| Application Withdrawn By Applicant |
1 | $500,000 |
$500,000 | $500,000 |
$142,000 | $142,000 |
| File Closed For Incompleteness |
2 | $362,000 |
$181,000 | $292,000 |
$91,000 | $92,000 |
| Loan Originated |
28 | $1,961,000 |
$70,000 | $450,000 |
$97,000 | $170,000 |
| 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 |
3 | $185,000 |
$61,000 | $80,000 |
$80,000 | $136,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $30,000 |
$30,000 | $30,000 |
$61,000 | $61,000 |
| Debt-To-Income Ratio |
2 | $99,000 |
$49,000 | $90,000 |
$95,000 | $97,000 |
| 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 UNIVERSITY CREDIT UNION by:
Metropolitan Area And
County
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