AllMortgageDetail - Mortgage Application Details

Nfcu
Mortgage Loan Application
Totals and Details
for 2014

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Mortgage Company & Address Nfcu
820 Follin Lane
Vienna, VA 22180
Federal Regulator Consumer Financial Protection Bureau (CFPB)
Years 2014  2013  2012  2011  
Total Number of Mortgage Applications 74,297
Total Mortgage Loan Application Amount $12,936,749,000
Average Mortgage Loan Application Amount $130,454
Highest Mortgage Loan Application Amount $2,494,000
Average Applicant Income $71,560
Highest Applicant Income $5,218,000

Mortgage Loan Application Detail Totals for Nfcu in 2014

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Home Purchase 85,589 $19,792,061,000 $231,000 $2,494,000 $84,000 $9,999,000
Home Improvement 21,778 $488,215,000 $22,000 $500,000 $35,000 $5,218,000
Refinancing 20,991 $4,799,158,000 $228,000 $2,000,000 $105,000 $3,634,000

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 62,753 $12,608,841,000 $200,000 $2,494,000 $85,000 $9,999,000
Black or African American 25,714 $4,177,420,000 $162,000 $1,800,000 $65,000 $6,549,000
Not Provided 18,536 $3,862,228,000 $208,000 $1,872,000 $83,000 $9,999,000
Hispanic 12,679 $2,388,052,000 $188,000 $1,600,000 $70,000 $3,301,000
Asian 5,772 $1,470,959,000 $254,000 $2,000,000 $86,000 $995,000
American Indian or Alaskan Native 1,633 $292,137,000 $178,000 $1,350,000 $71,000 $1,045,000
Native Hawaiin or Other Pacific Islander 1,250 $277,592,000 $222,000 $1,080,000 $77,000 $574,000
Not applicable 21 $2,205,000 $105,000 $270,000 $0 $0

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 71,118 $11,803,788,000 $165,000 $2,000,000 $77,000 $9,999,000
VA-guaranteed (Veterans Administration) 51,838 $12,281,295,000 $236,000 $2,494,000 $83,000 $9,999,000
FHA-insured (Federal Housing Administration) 5,402 $994,351,000 $184,000 $815,000 $69,000 $1,056,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 46,968 $8,348,266,000 $177,000 $2,494,000 $78,000 $3,140,000
Preapproval Denied by Financial Institution 36,435 $7,533,486,000 $206,000 $2,000,000 $70,000 $9,999,000
Preapproval Approved but not Accepted 17,625 $4,609,192,000 $261,000 $1,890,000 $95,000 $1,632,000
Application Denied By Financial Institution 16,343 $2,228,342,000 $136,000 $2,000,000 $72,000 $5,218,000
Application Approved But Not Accepted 7,839 $1,799,629,000 $229,000 $1,700,000 $105,000 $1,866,000
Application Withdrawn By Applicant 3,148 $560,519,000 $178,000 $1,815,000 $103,000 $2,424,000
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Credit History 22,701 $3,927,264,000 $172,000 $1,660,000 $74,000 $9,999,000
Debt-To-Income Ratio 16,018 $3,410,187,000 $212,000 $2,000,000 $55,000 $495,000
Credit Application Incomplete 4,130 $847,682,000 $205,000 $2,000,000 $95,000 $6,135,000
Collateral 3,460 $604,602,000 $174,000 $2,000,000 $103,000 $1,875,000
Unverifiable Information 2,162 $398,163,000 $184,000 $1,350,000 $83,000 $1,087,000
Other 1,960 $124,723,000 $63,000 $715,000 $36,000 $3,120,000
Insufficient Cash (Downpayment, Closing Cost) 1,389 $288,355,000 $207,000 $2,000,000 $86,000 $1,479,000
Employment History 958 $160,852,000 $167,000 $1,018,000 $38,000 $1,115,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0