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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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1-800-EAST-WEST-MORTGAGE-COMP
Mortgage Loans and Application Details
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| Mortgage Company Name |
1-800-EAST-WEST-MORTGAGE-COMP |
| Address | 84 NEWBURY STREET
PEABODY, MA 01960 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 3,759 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $838,390,000 |
| Average Mortgage Loan Amount Applied For | $205,161 |
| Highest Mortgage Loan Amount Applied For | $1,600,000 |
| Average Applicant Income | $71,500 |
| Highest Applicant Income | $1,000,000 |
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| Home Improvement |
83 | $20,137,000 |
$242,000 | $1,400,000 |
$74,000 | $224,000 |
| Home Purchase |
503 | $112,926,000 |
$224,000 | $1,600,000 |
$92,000 | $790,000 |
| Refinancing |
3,173 | $705,327,000 |
$222,000 | $1,463,000 |
$75,000 | $1,000,000 |
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| American Indian or Alaskan Native |
9 | $1,230,000 |
$136,000 | $219,000 |
$47,000 | $65,000 |
| Asian |
42 | $9,808,000 |
$233,000 | $839,000 |
$84,000 | $420,000 |
| Black or African American |
83 | $17,935,000 |
$216,000 | $595,000 |
$70,000 | $216,000 |
| Hispanic |
87 | $20,332,000 |
$233,000 | $650,000 |
$81,000 | $588,000 |
| Native Hawaiin or Other Pacific Islander |
5 | $602,000 |
$120,000 | $161,000 |
$43,000 | $133,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
390 | $87,993,000 |
$225,000 | $1,463,000 |
$73,000 | $396,000 |
| White |
3,143 | $700,490,000 |
$222,000 | $1,600,000 |
$78,000 | $1,000,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
3,329 | $740,671,000 |
$222,000 | $1,600,000 |
$77,000 | $1,000,000 |
| FHA-insured (Federal Housing Administration) |
421 | $95,611,000 |
$227,000 | $447,000 |
$81,000 | $790,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
9 | $2,108,000 |
$234,000 | $322,000 |
$67,000 | $99,000 |
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| Application Approved But Not Accepted |
126 | $31,218,000 |
$247,000 | $825,000 |
$87,000 | $750,000 |
| Application Denied By Financial Institution |
543 | $122,132,000 |
$224,000 | $1,400,000 |
$75,000 | $648,000 |
| Application Withdrawn By Applicant |
372 | $81,807,000 |
$219,000 | $800,000 |
$80,000 | $790,000 |
| File Closed For Incompleteness |
58 | $14,180,000 |
$244,000 | $520,000 |
$74,000 | $260,000 |
| Loan Originated |
2,660 | $589,053,000 |
$221,000 | $1,600,000 |
$77,000 | $1,000,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for 1-800-EAST-WEST-MORTGAGE-COMP by:
Metropolitan Area And
County
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