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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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BANK FIVE
Mortgage Loans and Application Details
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| Mortgage Company Name |
BANK FIVE |
| Address | 79 NORTH MAIN ST
FALL RIVER, MA 02720 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 614 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $89,521,000 |
| Average Mortgage Loan Amount Applied For | $255,562 |
| Highest Mortgage Loan Amount Applied For | $1,200,000 |
| Average Applicant Income | $106,875 |
| Highest Applicant Income | $607,000 |
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| Home Improvement |
253 | $18,400,000 |
$72,000 | $575,000 |
$48,000 | $328,000 |
| Home Purchase |
260 | $62,306,000 |
$239,000 | $1,200,000 |
$82,000 | $607,000 |
| Refinancing |
207 | $31,812,000 |
$153,000 | $720,000 |
$62,000 | $500,000 |
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| American Indian or Alaskan Native |
1 | $244,000 |
$244,000 | $244,000 |
$53,000 | $53,000 |
| Asian |
8 | $951,000 |
$118,000 | $400,000 |
$41,000 | $148,000 |
| Black or African American |
12 | $2,023,000 |
$168,000 | $286,000 |
$65,000 | $221,000 |
| Hispanic |
7 | $1,498,000 |
$214,000 | $320,000 |
$42,000 | $77,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $75,000 |
$75,000 | $75,000 |
$139,000 | $139,000 |
| Not applicable |
8 | $2,273,000 |
$284,000 | $701,000 |
$0 | $0 |
| Not Provided |
45 | $5,346,000 |
$118,000 | $480,000 |
$51,000 | $170,000 |
| White |
638 | $100,108,000 |
$156,000 | $1,200,000 |
$66,000 | $607,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
720 | $112,518,000 |
$156,000 | $1,200,000 |
$64,000 | $607,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
31 | $6,678,000 |
$215,000 | $923,000 |
$77,000 | $359,000 |
| Application Denied By Financial Institution |
104 | $14,386,000 |
$138,000 | $680,000 |
$50,000 | $160,000 |
| Application Withdrawn By Applicant |
25 | $3,832,000 |
$153,000 | $355,000 |
$50,000 | $169,000 |
| File Closed For Incompleteness |
8 | $1,365,000 |
$170,000 | $380,000 |
$52,000 | $112,000 |
| Loan Originated |
458 | $66,208,000 |
$144,000 | $1,200,000 |
$68,000 | $607,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
63 | $13,473,000 |
$213,000 | $450,000 |
$68,000 | $232,000 |
| Preapproval Denied by Financial Institution |
31 | $6,576,000 |
$212,000 | $360,000 |
$47,000 | $122,000 |
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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 BANK FIVE by:
Metropolitan Area And
County
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