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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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WESTERN FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
WESTERN FEDERAL CREDIT UNION |
| Address | 14500 AVIATION BLVD.
HAWTHORNE, CA 90250 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,489 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $185,304,000 |
| Average Mortgage Loan Amount Applied For | $107,849 |
| Highest Mortgage Loan Amount Applied For | $1,300,000 |
| Average Applicant Income | $99,217 |
| Highest Applicant Income | $1,804,000 |
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| Home Improvement |
382 | $41,183,000 |
$107,000 | $970,000 |
$112,000 | $469,000 |
| Home Purchase |
255 | $67,980,000 |
$266,000 | $1,096,000 |
$101,000 | $1,278,000 |
| Refinancing |
996 | $112,661,000 |
$113,000 | $1,300,000 |
$114,000 | $1,804,000 |
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| American Indian or Alaskan Native |
5 | $754,000 |
$150,000 | $250,000 |
$111,000 | $141,000 |
| Asian |
98 | $15,679,000 |
$159,000 | $1,080,000 |
$124,000 | $342,000 |
| Black or African American |
105 | $15,484,000 |
$147,000 | $984,000 |
$97,000 | $271,000 |
| Hispanic |
172 | $24,152,000 |
$140,000 | $555,000 |
$88,000 | $337,000 |
| Native Hawaiin or Other Pacific Islander |
10 | $2,150,000 |
$215,000 | $675,000 |
$71,000 | $120,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
640 | $84,911,000 |
$132,000 | $1,300,000 |
$116,000 | $1,804,000 |
| White |
603 | $78,694,000 |
$130,000 | $1,096,000 |
$114,000 | $1,278,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,633 | $221,824,000 |
$135,000 | $1,300,000 |
$112,000 | $1,804,000 |
| 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 |
2 | $435,000 |
$217,000 | $235,000 |
$177,000 | $252,000 |
| Application Denied By Financial Institution |
647 | $102,853,000 |
$158,000 | $1,300,000 |
$91,000 | $1,440,000 |
| Application Withdrawn By Applicant |
245 | $39,079,000 |
$159,000 | $992,000 |
$118,000 | $655,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
739 | $79,457,000 |
$107,000 | $1,096,000 |
$127,000 | $1,804,000 |
| 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 |
31 | $3,958,000 |
$127,000 | $675,000 |
$143,000 | $1,440,000 |
| Credit Application Incomplete |
1 | $140,000 |
$140,000 | $140,000 |
$26,000 | $26,000 |
| Credit History |
165 | $23,974,000 |
$145,000 | $807,000 |
$99,000 | $494,000 |
| Debt-To-Income Ratio |
343 | $62,523,000 |
$182,000 | $1,300,000 |
$85,000 | $484,000 |
| Employment History |
6 | $700,000 |
$116,000 | $285,000 |
$110,000 | $186,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
7 | $1,241,000 |
$177,000 | $417,000 |
$103,000 | $229,000 |
| Unverifiable Information |
1 | $61,000 |
$61,000 | $61,000 |
$48,000 | $48,000 |
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Mortgage Loan App Totals for WESTERN FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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