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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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WINGS FINANCIAL FEDERAL CREDIT
Mortgage Loans and Application Details
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| Mortgage Company Name |
WINGS FINANCIAL FEDERAL CREDIT |
| Address | 14985 GLAZIER AVENUE
APPLE VALLEY, MN 55124 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 481 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $101,196,000 |
| Average Mortgage Loan Amount Applied For | $208,696 |
| Highest Mortgage Loan Amount Applied For | $1,200,000 |
| Average Applicant Income | $83,516 |
| Highest Applicant Income | $392,000 |
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| Home Improvement |
6 | $1,687,000 |
$281,000 | $521,000 |
$91,000 | $125,000 |
| Home Purchase |
231 | $47,255,000 |
$204,000 | $770,000 |
$80,000 | $392,000 |
| Refinancing |
262 | $56,249,000 |
$214,000 | $1,200,000 |
$75,000 | $282,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $709,000 |
$354,000 | $465,000 |
$97,000 | $128,000 |
| Black or African American |
22 | $3,936,000 |
$178,000 | $383,000 |
$56,000 | $123,000 |
| Hispanic |
8 | $1,678,000 |
$209,000 | $291,000 |
$85,000 | $183,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $325,000 |
$162,000 | $190,000 |
$84,000 | $109,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
86 | $18,274,000 |
$212,000 | $505,000 |
$77,000 | $190,000 |
| White |
379 | $80,269,000 |
$211,000 | $1,200,000 |
$78,000 | $392,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
499 | $105,191,000 |
$210,000 | $1,200,000 |
$77,000 | $392,000 |
| 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 |
38 | $7,446,000 |
$195,000 | $401,000 |
$76,000 | $240,000 |
| Application Denied By Financial Institution |
48 | $11,996,000 |
$249,000 | $1,200,000 |
$65,000 | $195,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
396 | $82,014,000 |
$207,000 | $770,000 |
$80,000 | $392,000 |
| 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 |
17 | $3,735,000 |
$219,000 | $400,000 |
$60,000 | $123,000 |
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| Collateral |
4 | $838,000 |
$209,000 | $230,000 |
$62,000 | $87,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
37 | $7,972,000 |
$215,000 | $405,000 |
$64,000 | $123,000 |
| Debt-To-Income Ratio |
19 | $5,666,000 |
$298,000 | $1,200,000 |
$64,000 | $195,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $100,000 |
$100,000 | $100,000 |
$35,000 | $35,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $786,000 |
$262,000 | $311,000 |
$55,000 | $71,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for WINGS FINANCIAL FEDERAL CREDIT by:
Metropolitan Area And
County
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