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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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USC CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
USC CREDIT UNION |
| Address | 1025 W 34TH STREET BUILDING KOH
LOS ANGELES, CA 90089 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 273 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $83,503,000 |
| Average Mortgage Loan Amount Applied For | $320,727 |
| Highest Mortgage Loan Amount Applied For | $1,215,000 |
| Average Applicant Income | $118,818 |
| Highest Applicant Income | $550,000 |
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| Home Improvement |
32 | $2,889,000 |
$90,000 | $880,000 |
$103,000 | $352,000 |
| Home Purchase |
197 | $74,814,000 |
$379,000 | $1,215,000 |
$117,000 | $375,000 |
| Refinancing |
171 | $51,664,000 |
$302,000 | $1,000,000 |
$98,000 | $550,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
44 | $17,033,000 |
$387,000 | $998,000 |
$127,000 | $366,000 |
| Black or African American |
37 | $11,230,000 |
$303,000 | $800,000 |
$86,000 | $230,000 |
| Hispanic |
149 | $40,719,000 |
$273,000 | $999,000 |
$84,000 | $219,000 |
| Native Hawaiin or Other Pacific Islander |
4 | $2,100,000 |
$525,000 | $750,000 |
$206,000 | $550,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
13 | $5,028,000 |
$386,000 | $680,000 |
$121,000 | $230,000 |
| White |
153 | $53,257,000 |
$348,000 | $1,215,000 |
$127,000 | $412,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
400 | $129,367,000 |
$323,000 | $1,215,000 |
$108,000 | $550,000 |
| 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 |
28 | $9,267,000 |
$330,000 | $850,000 |
$130,000 | $336,000 |
| Application Denied By Financial Institution |
57 | $15,270,000 |
$267,000 | $750,000 |
$76,000 | $137,000 |
| Application Withdrawn By Applicant |
17 | $5,778,000 |
$339,000 | $676,000 |
$129,000 | $366,000 |
| File Closed For Incompleteness |
122 | $45,664,000 |
$374,000 | $1,215,000 |
$122,000 | $375,000 |
| Loan Originated |
144 | $41,598,000 |
$288,000 | $1,000,000 |
$109,000 | $550,000 |
| 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 |
32 | $11,790,000 |
$368,000 | $1,000,000 |
$75,000 | $243,000 |
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| Collateral |
7 | $2,013,000 |
$287,000 | $594,000 |
$97,000 | $135,000 |
| Credit Application Incomplete |
1 | $299,000 |
$299,000 | $299,000 |
$100,000 | $100,000 |
| Credit History |
13 | $2,812,000 |
$216,000 | $450,000 |
$90,000 | $137,000 |
| Debt-To-Income Ratio |
61 | $19,691,000 |
$322,000 | $1,000,000 |
$68,000 | $243,000 |
| Employment History |
4 | $930,000 |
$232,000 | $406,000 |
$97,000 | $120,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $1,315,000 |
$438,000 | $800,000 |
$89,000 | $148,000 |
| 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 USC CREDIT UNION by:
Metropolitan Area And
County
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