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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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WINTHROP FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
WINTHROP FEDERAL CREDIT UNION |
| Address | 15 WOODSIDE AVE
WINTHROP, MA 02152 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 69 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $9,616,000 |
| Average Mortgage Loan Amount Applied For | $186,666 |
| Highest Mortgage Loan Amount Applied For | $385,000 |
| Average Applicant Income | $260,166 |
| Highest Applicant Income | $1,000,000 |
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| Home Improvement |
11 | $1,233,000 |
$112,000 | $314,000 |
$91,000 | $167,000 |
| Home Purchase |
13 | $2,941,000 |
$226,000 | $363,000 |
$182,000 | $1,000,000 |
| Refinancing |
45 | $5,442,000 |
$120,000 | $385,000 |
$69,000 | $178,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $125,000 |
$125,000 | $125,000 |
$42,000 | $42,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
3 | $744,000 |
$248,000 | $349,000 |
$52,000 | $68,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $42,000 |
$42,000 | $42,000 |
$75,000 | $75,000 |
| White |
64 | $8,705,000 |
$136,000 | $385,000 |
$97,000 | $1,000,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
69 | $9,616,000 |
$139,000 | $385,000 |
$94,000 | $1,000,000 |
| 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 |
8 | $1,029,000 |
$128,000 | $340,000 |
$58,000 | $167,000 |
| Application Withdrawn By Applicant |
9 | $1,756,000 |
$195,000 | $337,000 |
$102,000 | $227,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
50 | $6,332,000 |
$126,000 | $385,000 |
$100,000 | $1,000,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
2 | $499,000 |
$249,000 | $349,000 |
$45,000 | $45,000 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
3 | $139,000 |
$46,000 | $79,000 |
$75,000 | $167,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $75,000 |
$75,000 | $75,000 |
$26,000 | $26,000 |
| Debt-To-Income Ratio |
2 | $325,000 |
$162,000 | $300,000 |
$40,000 | $45,000 |
| 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 |
1 | $340,000 |
$340,000 | $340,000 |
$55,000 | $55,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for WINTHROP FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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