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

2006 Mortgage Research Franklin North Carolina US
Total Applications 144 17,021 17,548
Average Loan $120.0k $129.5k $130.9k
Loan to Income Ratio 1.90 1.93 1.93
Subprime Loans 0.18% 0.18%
Refinancing Loans 38.89% 43.04% 42.55%
Principal Dwellings 93.06% 90.39% 89.77%
Rejected Applications 18.06% 13.45% 13.37%