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

2008 Mortgage Research Franklin North Carolina US
Total Applications 198 24,574 24,945
Average Loan $142.7k $146.7k $146.9k
Loan to Income Ratio 1.92 1.94 1.93
Subprime Loans 2.02% 0.42% 0.41%
Refinancing Loans 60.61% 63.04% 62.85%
Principal Dwellings 93.43% 93.19% 92.82%
Rejected Applications 14.65% 10.34% 10.35%
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