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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 FEDRAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
WESTERN FEDRAL CREDIT UNION |
| Address | 14500 AVIATION BLVD
HAWTHORNE, CA 90250 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 632 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $97,503,000 |
| Average Mortgage Loan Amount Applied For | $150,923 |
| Highest Mortgage Loan Amount Applied For | $750,000 |
| Average Applicant Income | $105,108 |
| Highest Applicant Income | $659,000 |
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| Home Improvement (one-to-four family) |
2 | $141,000 |
$70,500 | $111,000 |
$96,500 | $97,000 |
| Home Purchase (one-to-four family) |
67 | $13,350,000 |
$198,466 | $750,000 |
$118,533 | $300,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
604 | $90,035,000 |
$130,153 | $652,000 |
$101,576 | $659,000 |
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| American Indian or Alaskan Native |
1 | $10,000 |
$10,000 | $10,000 |
$34,000 | $34,000 |
| Asian or Pacific Islander |
44 | $8,058,000 |
$229,600 | $605,000 |
$117,800 | $348,000 |
| Black |
32 | $4,429,000 |
$145,857 | $299,000 |
$85,000 | $175,000 |
| Hispanic |
111 | $13,929,000 |
$101,875 | $493,000 |
$68,125 | $232,000 |
| Information not provided by applicant in mail or telephone application |
24 | $3,899,000 |
$147,800 | $602,000 |
$98,200 | $211,000 |
| Not applicable |
33 | $4,112,000 |
$146,571 | $318,000 |
$130,285 | $659,000 |
| Other |
3 | $468,000 |
$127,000 | $268,000 |
$76,500 | $97,000 |
| White |
425 | $68,621,000 |
$152,586 | $750,000 |
$108,344 | $406,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
673 | $103,526,000 |
$138,172 | $750,000 |
$105,448 | $659,000 |
| 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 |
1 | $266,000 |
$266,000 | $266,000 |
$84,000 | $84,000 |
| Application Denied By Financial Institution |
101 | $13,866,000 |
$117,312 | $482,000 |
$60,687 | $300,000 |
| Application Withdrawn By Applicant |
53 | $9,073,000 |
$188,100 | $510,000 |
$141,600 | $349,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
518 | $80,321,000 |
$148,461 | $750,000 |
$119,346 | $659,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
3 | $370,000 |
$123,333 | $307,000 |
$79,000 | $103,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
5 | $632,000 |
$120,000 | $191,000 |
$68,000 | $130,000 |
| Debt-To-Income Ratio |
47 | $5,448,000 |
$123,700 | $422,000 |
$51,700 | $300,000 |
| Employment History |
1 | $10,000 |
$10,000 | $10,000 |
$58,000 | $58,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $445,000 |
$148,333 | $210,000 |
$90,666 | $115,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for WESTERN FEDRAL CREDIT UNION by:
Metropolitan Area And
County
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