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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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WYANDOTTE FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
WYANDOTTE FEDERAL CREDIT UNION |
| Address | 1280 BIDDLE AVE
WYANDOTTE, MI 48192 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 93 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $7,800,000 |
| Average Mortgage Loan Amount Applied For | $114,000 |
| Highest Mortgage Loan Amount Applied For | $300,000 |
| Average Applicant Income | $79,181 |
| Highest Applicant Income | $224,000 |
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| Home Improvement |
22 | $734,000 |
$33,000 | $90,000 |
$58,000 | $118,000 |
| Home Purchase |
20 | $2,776,000 |
$138,000 | $300,000 |
$63,000 | $144,000 |
| Refinancing |
59 | $5,162,000 |
$87,000 | $196,000 |
$53,000 | $224,000 |
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| American Indian or Alaskan Native |
1 | $124,000 |
$124,000 | $124,000 |
$45,000 | $45,000 |
| Asian |
1 | $44,000 |
$44,000 | $44,000 |
$39,000 | $39,000 |
| Black or African American |
3 | $430,000 |
$143,000 | $220,000 |
$70,000 | $79,000 |
| Hispanic |
8 | $922,000 |
$115,000 | $177,000 |
$34,000 | $51,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
6 | $587,000 |
$97,000 | $196,000 |
$49,000 | $88,000 |
| White |
82 | $6,565,000 |
$80,000 | $300,000 |
$58,000 | $224,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
101 | $8,672,000 |
$85,000 | $300,000 |
$56,000 | $224,000 |
| 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 | $132,000 |
$132,000 | $132,000 |
$103,000 | $103,000 |
| Application Denied By Financial Institution |
11 | $1,222,000 |
$111,000 | $167,000 |
$35,000 | $66,000 |
| Application Withdrawn By Applicant |
16 | $1,744,000 |
$109,000 | $220,000 |
$50,000 | $108,000 |
| File Closed For Incompleteness |
5 | $428,000 |
$85,000 | $140,000 |
$49,000 | $88,000 |
| Loan Originated |
68 | $5,146,000 |
$75,000 | $300,000 |
$61,000 | $224,000 |
| 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 | $90,000 |
$45,000 | $50,000 |
$32,000 | $45,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
3 | $421,000 |
$140,000 | $150,000 |
$47,000 | $66,000 |
| Debt-To-Income Ratio |
4 | $511,000 |
$127,000 | $167,000 |
$29,000 | $57,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
1 | $103,000 |
$103,000 | $103,000 |
$43,000 | $43,000 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
1 | $97,000 |
$97,000 | $97,000 |
$31,000 | $31,000 |
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Mortgage Loan App Totals for WYANDOTTE FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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