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STATE EMPLOYEES' CREDIT UNION P.O. DRAWER 25279
RALEIGH, 27611

2008 Mortgage Research Alamance North Carolina US
Total Applications 416 24,574 24,945
Average Loan $138.3k $146.7k $146.9k
Loan to Income Ratio 1.97 1.94 1.93
Subprime Loans 0.72% 0.42% 0.41%
Refinancing Loans 50% 63.04% 62.85%
Principal Dwellings 95.67% 93.19% 92.82%
Rejected Applications 2.40% 10.34% 10.35%
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