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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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WGE FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
WGE FEDERAL CREDIT UNION |
| Address | 3700 W BETHEL AVE
MUNCIE, IN 47304 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 81 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $4,574,000 |
| Average Mortgage Loan Amount Applied For | $56,000 |
| Highest Mortgage Loan Amount Applied For | $230,000 |
| Average Applicant Income | $52,000 |
| Highest Applicant Income | $146,000 |
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| Home Improvement |
21 | $687,000 |
$32,000 | $200,000 |
$58,000 | $143,000 |
| Home Purchase |
18 | $1,461,000 |
$81,000 | $175,000 |
$55,000 | $117,000 |
| Refinancing |
53 | $3,394,000 |
$64,000 | $230,000 |
$49,000 | $146,000 |
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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 |
2 | $119,000 |
$59,000 | $107,000 |
$69,000 | $120,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
90 | $5,423,000 |
$60,000 | $230,000 |
$52,000 | $146,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
92 | $5,542,000 |
$60,000 | $230,000 |
$52,000 | $146,000 |
| 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 |
5 | $202,000 |
$40,000 | $67,000 |
$39,000 | $62,000 |
| Application Withdrawn By Applicant |
9 | $879,000 |
$97,000 | $200,000 |
$68,000 | $143,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
78 | $4,461,000 |
$57,000 | $230,000 |
$51,000 | $146,000 |
| 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 | $100,000 |
$50,000 | $67,000 |
$60,000 | $62,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $42,000 |
$21,000 | $22,000 |
$31,000 | $32,000 |
| Debt-To-Income Ratio |
1 | $60,000 |
$60,000 | $60,000 |
$13,000 | $13,000 |
| 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 WGE FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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