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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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WEBSTER FIRST FEDERAL C U
Mortgage Loans and Application Details
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| Mortgage Company Name |
WEBSTER FIRST FEDERAL C U |
| Address | 1 NORTH MAIN STREET
WEBSTER, MA 01550 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 376 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $59,975,000 |
| Average Mortgage Loan Amount Applied For | $218,571 |
| Highest Mortgage Loan Amount Applied For | $1,480,000 |
| Average Applicant Income | $182,714 |
| Highest Applicant Income | $814,000 |
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| Home Improvement |
79 | $5,341,000 |
$67,000 | $700,000 |
$67,000 | $176,000 |
| Home Purchase |
108 | $23,271,000 |
$215,000 | $607,000 |
$84,000 | $814,000 |
| Refinancing |
189 | $31,363,000 |
$165,000 | $1,480,000 |
$78,000 | $700,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $377,000 |
$188,000 | $209,000 |
$11,000 | $18,000 |
| Black or African American |
6 | $1,236,000 |
$206,000 | $328,000 |
$42,000 | $72,000 |
| Hispanic |
6 | $1,606,000 |
$267,000 | $340,000 |
$67,000 | $86,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
7 | $1,267,000 |
$181,000 | $415,000 |
$69,000 | $275,000 |
| Not Provided |
10 | $1,256,000 |
$125,000 | $300,000 |
$83,000 | $172,000 |
| White |
345 | $54,233,000 |
$157,000 | $1,480,000 |
$79,000 | $814,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
376 | $59,975,000 |
$159,000 | $1,480,000 |
$77,000 | $814,000 |
| 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 |
52 | $10,487,000 |
$201,000 | $450,000 |
$65,000 | $223,000 |
| Application Withdrawn By Applicant |
43 | $7,915,000 |
$184,000 | $600,000 |
$83,000 | $540,000 |
| File Closed For Incompleteness |
5 | $617,000 |
$123,000 | $262,000 |
$52,000 | $78,000 |
| Loan Originated |
276 | $40,956,000 |
$148,000 | $1,480,000 |
$79,000 | $814,000 |
| 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 |
1 | $290,000 |
$290,000 | $290,000 |
$92,000 | $92,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
24 | $4,321,000 |
$180,000 | $361,000 |
$64,000 | $122,000 |
| Debt-To-Income Ratio |
18 | $4,566,000 |
$253,000 | $450,000 |
$56,000 | $223,000 |
| Employment History |
1 | $190,000 |
$190,000 | $190,000 |
$63,000 | $63,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $196,000 |
$196,000 | $196,000 |
$53,000 | $53,000 |
| Mortgage Insurance Denied |
5 | $883,000 |
$176,000 | $340,000 |
$103,000 | $172,000 |
| Other |
2 | $41,000 |
$20,000 | $26,000 |
$50,000 | $51,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for WEBSTER FIRST FEDERAL C U by:
Metropolitan Area And
County
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