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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 OF WESTERN MASSACHUSETTS
Mortgage Loans and Application Details
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| Mortgage Company Name |
BANK OF WESTERN MASSACHUSETTS |
| Address | 1391 MAIN STREET
SPRINGFIELD, MA 01103 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 238 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $34,017,000 |
| Average Mortgage Loan Amount Applied For | $254,777 |
| Highest Mortgage Loan Amount Applied For | $1,100,000 |
| Average Applicant Income | $28,888 |
| Highest Applicant Income | $345,000 |
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| Home Improvement |
78 | $4,624,000 |
$59,000 | $400,000 |
$82,000 | $270,000 |
| Home Purchase |
65 | $14,179,000 |
$218,000 | $850,000 |
$13,000 | $244,000 |
| Refinancing |
95 | $15,214,000 |
$160,000 | $1,100,000 |
$41,000 | $345,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $44,000 |
$44,000 | $44,000 |
$35,000 | $35,000 |
| Black or African American |
1 | $20,000 |
$20,000 | $20,000 |
$19,000 | $19,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
96 | $24,140,000 |
$251,000 | $1,100,000 |
$0 | $0 |
| Not Provided |
10 | $1,003,000 |
$100,000 | $250,000 |
$124,000 | $270,000 |
| White |
130 | $8,810,000 |
$67,000 | $650,000 |
$76,000 | $345,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
238 | $34,017,000 |
$142,000 | $1,100,000 |
$47,000 | $345,000 |
| 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 |
7 | $349,000 |
$49,000 | $140,000 |
$70,000 | $200,000 |
| Application Denied By Financial Institution |
6 | $269,000 |
$44,000 | $54,000 |
$51,000 | $90,000 |
| Application Withdrawn By Applicant |
7 | $470,000 |
$67,000 | $188,000 |
$82,000 | $118,000 |
| File Closed For Incompleteness |
1 | $25,000 |
$25,000 | $25,000 |
$80,000 | $80,000 |
| Loan Originated |
143 | $13,467,000 |
$94,000 | $850,000 |
$68,000 | $345,000 |
| Loan Purchased By The Institution |
74 | $19,437,000 |
$262,000 | $1,100,000 |
$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 |
2 | $104,000 |
$52,000 | $54,000 |
$83,000 | $90,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $50,000 |
$50,000 | $50,000 |
$47,000 | $47,000 |
| Debt-To-Income Ratio |
2 | $95,000 |
$47,000 | $50,000 |
$39,000 | $60,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $20,000 |
$20,000 | $20,000 |
$19,000 | $19,000 |
| 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 OF WESTERN MASSACHUSETTS by:
Metropolitan Area And
County
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