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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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WASHINGTON PHONE FED. C.U.
Mortgage Loans and Application Details
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| Mortgage Company Name |
WASHINGTON PHONE FED. C.U. |
| Address | 3015 UNIVERSITY BLVD., WEST
KENSINGTON, MD 20895 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 399 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $54,061,000 |
| Average Mortgage Loan Amount Applied For | $122,297 |
| Highest Mortgage Loan Amount Applied For | $786,000 |
| Average Applicant Income | $102,324 |
| Highest Applicant Income | $716,000 |
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| Home Improvement |
65 | $3,857,000 |
$59,000 | $240,000 |
$98,000 | $352,000 |
| Home Purchase |
55 | $12,950,000 |
$235,000 | $786,000 |
$77,000 | $292,000 |
| Refinancing |
279 | $37,254,000 |
$133,000 | $560,000 |
$98,000 | $716,000 |
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| American Indian or Alaskan Native |
2 | $57,000 |
$28,000 | $32,000 |
$51,000 | $78,000 |
| Asian |
16 | $2,001,000 |
$125,000 | $385,000 |
$119,000 | $205,000 |
| Black or African American |
203 | $29,140,000 |
$143,000 | $786,000 |
$89,000 | $716,000 |
| Hispanic |
21 | $3,532,000 |
$168,000 | $416,000 |
$79,000 | $143,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $64,000 |
$64,000 | $64,000 |
$36,000 | $36,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
41 | $5,616,000 |
$136,000 | $334,000 |
$89,000 | $172,000 |
| White |
115 | $13,651,000 |
$118,000 | $417,000 |
$110,000 | $387,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
399 | $54,061,000 |
$135,000 | $786,000 |
$95,000 | $716,000 |
| 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 |
95 | $17,233,000 |
$181,000 | $786,000 |
$71,000 | $239,000 |
| Application Withdrawn By Applicant |
39 | $6,046,000 |
$155,000 | $397,000 |
$84,000 | $237,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
265 | $30,782,000 |
$116,000 | $520,000 |
$106,000 | $716,000 |
| 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 |
7 | $574,000 |
$82,000 | $239,000 |
$77,000 | $146,000 |
| Credit Application Incomplete |
1 | $300,000 |
$300,000 | $300,000 |
$101,000 | $101,000 |
| Credit History |
42 | $8,108,000 |
$193,000 | $548,000 |
$75,000 | $180,000 |
| Debt-To-Income Ratio |
43 | $7,648,000 |
$177,000 | $786,000 |
$65,000 | $239,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $260,000 |
$260,000 | $260,000 |
$95,000 | $95,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $343,000 |
$343,000 | $343,000 |
$81,000 | $81,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for WASHINGTON PHONE FED. C.U. by:
Metropolitan Area And
County
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