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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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BAY FINANCE COMPANY, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
BAY FINANCE COMPANY, INC. |
| Address | 211 MAIN STREET
WEBSTER, MA 01570 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 43 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $8,774,000 |
| Average Mortgage Loan Amount Applied For | $215,571 |
| Highest Mortgage Loan Amount Applied For | $700,000 |
| Average Applicant Income | $131,714 |
| Highest Applicant Income | $904,000 |
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| Home Improvement |
9 | $2,035,000 |
$226,000 | $350,000 |
$82,000 | $119,000 |
| Home Purchase |
11 | $2,841,000 |
$258,000 | $700,000 |
$199,000 | $904,000 |
| Refinancing |
23 | $3,898,000 |
$169,000 | $302,000 |
$71,000 | $162,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $252,000 |
$252,000 | $252,000 |
$62,000 | $62,000 |
| Black or African American |
1 | $294,000 |
$294,000 | $294,000 |
$97,000 | $97,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
1 | $350,000 |
$350,000 | $350,000 |
$0 | $0 |
| Not Provided |
7 | $1,770,000 |
$252,000 | $700,000 |
$277,000 | $904,000 |
| White |
33 | $6,108,000 |
$185,000 | $415,000 |
$75,000 | $162,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
43 | $8,774,000 |
$204,000 | $700,000 |
$106,000 | $904,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
8 | $1,393,000 |
$174,000 | $300,000 |
$63,000 | $131,000 |
| Application Withdrawn By Applicant |
10 | $1,765,000 |
$176,000 | $302,000 |
$55,000 | $113,000 |
| File Closed For Incompleteness |
2 | $498,000 |
$249,000 | $252,000 |
$78,000 | $78,000 |
| Loan Originated |
23 | $5,118,000 |
$222,000 | $700,000 |
$146,000 | $904,000 |
| 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 BAY FINANCE COMPANY, INC. by:
Metropolitan Area And
County
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