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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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WATERMARK CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
WATERMARK CREDIT UNION |
| Address | 800 STEWART ST
SEATTLE, WA 98101 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 211 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $22,333,000 |
| Average Mortgage Loan Amount Applied For | $71,769 |
| Highest Mortgage Loan Amount Applied For | $800,000 |
| Average Applicant Income | $85,153 |
| Highest Applicant Income | $592,000 |
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| Home Improvement |
102 | $6,497,000 |
$63,000 | $210,000 |
$87,000 | $400,000 |
| Home Purchase |
105 | $25,168,000 |
$239,000 | $797,000 |
$74,000 | $207,000 |
| Refinancing |
106 | $16,779,000 |
$158,000 | $800,000 |
$90,000 | $592,000 |
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| American Indian or Alaskan Native |
6 | $861,000 |
$143,000 | $300,000 |
$69,000 | $103,000 |
| Asian |
22 | $4,576,000 |
$208,000 | $390,000 |
$79,000 | $191,000 |
| Black or African American |
21 | $3,234,000 |
$154,000 | $420,000 |
$63,000 | $140,000 |
| Hispanic |
7 | $1,448,000 |
$206,000 | $325,000 |
$77,000 | $145,000 |
| Native Hawaiin or Other Pacific Islander |
6 | $503,000 |
$83,000 | $208,000 |
$92,000 | $161,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
44 | $8,808,000 |
$200,000 | $417,000 |
$87,000 | $207,000 |
| White |
207 | $29,014,000 |
$140,000 | $800,000 |
$86,000 | $592,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
313 | $48,444,000 |
$154,000 | $800,000 |
$84,000 | $592,000 |
| 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 |
30 | $6,557,000 |
$218,000 | $417,000 |
$74,000 | $180,000 |
| Application Denied By Financial Institution |
48 | $9,121,000 |
$190,000 | $800,000 |
$88,000 | $400,000 |
| Application Withdrawn By Applicant |
1 | $205,000 |
$205,000 | $205,000 |
$53,000 | $53,000 |
| File Closed For Incompleteness |
2 | $492,000 |
$246,000 | $277,000 |
$116,000 | $162,000 |
| Loan Originated |
144 | $9,485,000 |
$65,000 | $359,000 |
$90,000 | $592,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
68 | $18,265,000 |
$268,000 | $797,000 |
$79,000 | $207,000 |
| Preapproval Denied by Financial Institution |
20 | $4,319,000 |
$215,000 | $350,000 |
$55,000 | $110,000 |
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| Collateral |
5 | $998,000 |
$199,000 | $400,000 |
$70,000 | $85,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
31 | $5,759,000 |
$185,000 | $800,000 |
$75,000 | $240,000 |
| Debt-To-Income Ratio |
24 | $5,255,000 |
$218,000 | $420,000 |
$77,000 | $400,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $300,000 |
$300,000 | $300,000 |
$103,000 | $103,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $148,000 |
$148,000 | $148,000 |
$120,000 | $120,000 |
| Unverifiable Information |
5 | $880,000 |
$176,000 | $400,000 |
$96,000 | $218,000 |
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Mortgage Loan App Totals for WATERMARK CREDIT UNION by:
Metropolitan Area And
County
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