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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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WAVE FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
WAVE FEDERAL CREDIT UNION |
| Address | 480 GREENWICH AVE
WARWICK, RI 02886 |
| 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 | $4,413,000 |
| Average Mortgage Loan Amount Applied For | $119,571 |
| Highest Mortgage Loan Amount Applied For | $300,000 |
| Average Applicant Income | $85,428 |
| Highest Applicant Income | $171,000 |
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| Home Improvement |
24 | $1,776,000 |
$74,000 | $200,000 |
$83,000 | $171,000 |
| Home Purchase |
1 | $250,000 |
$250,000 | $250,000 |
$109,000 | $109,000 |
| Refinancing |
12 | $2,387,000 |
$198,000 | $300,000 |
$72,000 | $137,000 |
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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 |
3 | $370,000 |
$123,000 | $210,000 |
$63,000 | $101,000 |
| 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 |
3 | $236,000 |
$78,000 | $150,000 |
$56,000 | $66,000 |
| White |
31 | $3,807,000 |
$122,000 | $300,000 |
$84,000 | $171,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
37 | $4,413,000 |
$119,000 | $300,000 |
$80,000 | $171,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Withdrawn By Applicant |
3 | $363,000 |
$121,000 | $191,000 |
$46,000 | $51,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
34 | $4,050,000 |
$119,000 | $300,000 |
$83,000 | $171,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 WAVE FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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