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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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WESCOM CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
WESCOM CREDIT UNION |
| Address | 123 SOUTH MARENGO AVE.
PASADENA, CA 91101 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,545 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $386,514,000 |
| Average Mortgage Loan Amount Applied For | $185,695 |
| Highest Mortgage Loan Amount Applied For | $1,630,000 |
| Average Applicant Income | $100,239 |
| Highest Applicant Income | $900,000 |
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| Home Improvement |
128 | $19,256,000 |
$150,000 | $560,000 |
$101,000 | $428,000 |
| Home Purchase |
358 | $134,969,000 |
$377,000 | $1,500,000 |
$104,000 | $720,000 |
| Refinancing |
1,169 | $275,718,000 |
$235,000 | $1,630,000 |
$94,000 | $900,000 |
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| American Indian or Alaskan Native |
21 | $5,633,000 |
$268,000 | $500,000 |
$78,000 | $155,000 |
| Asian |
59 | $21,569,000 |
$365,000 | $999,000 |
$137,000 | $648,000 |
| Black or African American |
94 | $24,269,000 |
$258,000 | $612,000 |
$101,000 | $560,000 |
| Hispanic |
263 | $64,929,000 |
$246,000 | $1,069,000 |
$89,000 | $720,000 |
| Native Hawaiin or Other Pacific Islander |
7 | $2,491,000 |
$355,000 | $488,000 |
$72,000 | $110,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
814 | $190,573,000 |
$234,000 | $1,630,000 |
$92,000 | $900,000 |
| White |
397 | $120,479,000 |
$303,000 | $1,500,000 |
$106,000 | $677,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,655 | $429,943,000 |
$259,000 | $1,630,000 |
$97,000 | $900,000 |
| 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 |
131 | $37,192,000 |
$283,000 | $740,000 |
$92,000 | $900,000 |
| Application Withdrawn By Applicant |
271 | $89,834,000 |
$331,000 | $1,500,000 |
$102,000 | $677,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,253 | $302,917,000 |
$241,000 | $1,630,000 |
$96,000 | $720,000 |
| 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 |
2 | $300,000 |
$150,000 | $200,000 |
$93,000 | $140,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
12 | $2,920,000 |
$243,000 | $452,000 |
$109,000 | $324,000 |
| Debt-To-Income Ratio |
26 | $8,768,000 |
$337,000 | $620,000 |
$66,000 | $127,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
12 | $4,709,000 |
$392,000 | $635,000 |
$82,000 | $172,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
12 | $4,183,000 |
$348,000 | $485,000 |
$147,000 | $900,000 |
| Unverifiable Information |
1 | $157,000 |
$157,000 | $157,000 |
$115,000 | $115,000 |
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Mortgage Loan App Totals for WESCOM CREDIT UNION by:
Metropolitan Area And
County
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